WebMar 27, 2024 · Overview. With about 117 million people (2024), Ethiopia is the second most populous nation in Africa after Nigeria, and still the fastest growing economy in the region, with 6.3% growth in FY2024/21. … WebThe annual inflation rate in Ethiopia eased to 32% in February 2024, from 33.9% in the prior month and a six-month high of 35.1% in November. Meanwhile, the country is grappling with a shortage of teff, which is a staple food for most Ethiopians and has gone up at least 50% since last year.

IMF: World Economic Outlook (WEO) Database, April 2024

Web17 hours ago · This is after the IMF revised its earlier forecast on Ethiopia’s GDP in 2024 from Sh16.9 trillion ($126 billion) to Sh20.9 trillion ($156.1 billion), stretching its newfound lead over Kenya.... Web2 days ago · Among the key categories still seeing outsized price growth are food, which climbed 8.5% from March 2024 to March 2024, and rent, which hit 8.3% growth, its largest-ever 12-month increase. deer park baptist church north charleston sc

Ethiopia - The Economist Intelligence Unit

Web8 hours ago · In its latest World Economic Outlook, the IMF says Angola’s gross domestic product (GDP) will shrink during the period, allowing Kenya, whose economy is expected to grow by 5.3 percent, to overtake it, and perch itself at the fourth spot behind Ethiopia. ... WebFeb 28, 2024 · Growth in sub-Saharan Africa (SSA) is expected to slow to 3.6 percent as a “big funding squeeze”, tied to the drying up of aid and access to private finance, hits the … WebThe economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market … deer park beauty supply