Ethiopia
 

Ihre Berater der Handelskammer

Thomas Bertrand

+352423939337

Kontaktieren Sie uns: africa@cc.lu

Kennzahlen

Fläche

1,104,300 km2

Bevölkerung

110,871,031 (July 2021 est.)

Regierungsform

federal parliamentary republic

Sprachen

Oromo (official working language in the State of Oromiya) 33.8%, Amharic (official national language) 29.3%, Somali (official working language of the State of Sumale) 6.2%, Tigrigna 5.9%

BIP

$107.645 billion (2020 est.)

Wachstumsrate

6% (2020 est.)

HDI

173

Hauptstadt

Addis Ababa

Makroökonomische Indikatoren

Ethiopia - the second most populous country in Africa - is a one-party state with a planned economy. For more than a decade before 2016, Ethiopia grew at a rate between 8% and 11% annually – one of the fastest growing states among the 188 IMF member countries. This growth was driven by government investment in infrastructure, as well as sustained progress in the agricultural and service sectors. More than 70% of Ethiopia’s population is still employed in the agricultural sector, but services have surpassed agriculture as the principal source of GDP.

Ethiopia has the lowest level of income-inequality in Africa and one of the lowest in the world, with a Gini coefficient comparable to that of the Scandinavian countries. Yet despite progress toward eliminating extreme poverty, Ethiopia remains one of the poorest countries in the world, due both to rapid population growth and a low starting base. Changes in rainfall associated with world-wide weather patterns resulted in the worst drought in 30 years in 2015-16, creating food insecurity for millions of Ethiopians.

The state is heavily engaged in the economy. Ongoing infrastructure projects include power production and distribution, roads, rails, airports and industrial parks. Key sectors are state-owned, including telecommunications, banking and insurance, and power distribution. Under Ethiopia's constitution, the state owns all land and provides long-term leases to tenants. Title rights in urban areas, particularly Addis Ababa, are poorly regulated, and subject to corruption.

Ethiopia’s foreign exchange earnings are led by the services sector - primarily the state-run Ethiopian Airlines - followed by exports of several commodities. While coffee remains the largest foreign exchange earner, Ethiopia is diversifying exports, and commodities such as gold, sesame, khat, livestock and horticulture products are becoming increasingly important. Manufacturing represented less than 8% of total exports in 2016, but manufacturing exports should increase in future years due to a growing international presence.

The banking, insurance, telecommunications, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted roughly $8.5 billion in foreign direct investment, mostly from China, Turkey, India and the EU; US FDI is $567 million. Investment has been primarily in infrastructure, construction, agriculture/horticulture, agricultural processing, textiles, leather and leather products.

In the fall of 2015, the government finalized and published the current 2016-20 five-year plan, known as the Growth and Transformation Plan II, which emphasizes developing manufacturing in sectors where Ethiopia has a comparative advantage, such as textiles and garments, leather goods, and processed agricultural products. To support industrialization, Ethiopia plans to increase installed power generation capacity by 8,320 MW, up from a capacity of 2,000 MW, by building three more major dams and expanding to other sources of renewable energy. In 2017, the government devalued the birr by 15% to increase exports and alleviate a chronic foreign currency shortage in the country.

Source: The CIA World Factbook - Economic Overview

IMF Statistics:

Source: IMF Statistics - Ethiopia

Luxemburg und das Land

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

None

Air Services agreement

None

Source: Administration des contributions directes

Weitere Informationen

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Ethiopia

Embassy of Grand Duchy of Luxembourg in Ethiopia

Ambassador with resident over La Haye: Mr Jean-Marc HOSCHEIT

Chargé d’affaires a.I.: Mr Dominique CHEVOLET

Cape Verde Street
P-O.Box 12813
Addis Abeba
Ethiopia

Tel.: (+251)(0) 11 661 6600
Fax: (+251) (0) 11 618 3902
E-Mail: addisabeba.amb@mae.etat.lu   

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for Ethiopia

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Source: Ducroire Office - Country Risk for Ethiopia

Other Useful Links:

• Investment Climate Statement - Ethiopia 2015
• CIA World Factbook on Ethiopia
• Invest in Ethiopia
• Présentation de l'Éthiopie par France Diplomatie
• World Bank Open Data - Ethiopia
• GDP evolution in Ethiopia
• Economic Freedom Index - Ethiopia
• Doing Business in Ethiopia