Market update: Facts about Ethiopia at a glance

Economic data

• Africa’s fastest growing economy and one of the fastest growing economies in the world
• Largest economy in East and Central Africa
• 7 to 9% economic growth between 2023 and 2027

Population

• 140 million (2026), expected 200 million in 2050 (United Nations)
• 27th largest country in the world
• 2nd most populous nation in Africa and the 12th most populous country in the world
• Most populous landlocked country in the world
• Ethiopia is a multilingual nation

General opportunities

• Rain-fed agriculture (accounting for almost 50% of GDP) remains Ethiopia’s main source of employment and export earnings
• Ethiopia is one of the founding members of the UN, the Group of 24 (G-24), the Non-Aligned Movement, G-77 and the Organisation of African Unity, with Addis Ababa serving as the headquarters of the African Union, the Pan African Chamber of Commerce and Industry, the UNECA, African Aviation Training HQ, the African Standby Force and much of global NGOs focused on Africa Comission for Africa) and of the Pan African Chamber of Commerce and Industry