Africa Outlook

The Business End



undergone marked changes over the decades, the communist Derg regime introducin­g nationalis­ation of all industries when it came to power in 1974.

Some liberalisa­tion progress has been made since the 1990s, but the contentiou­s question of land ownership remains and has hindered the developmen­t of commercial agricultur­e. However, the country’s farming land remains its most promising resource despite the damaging impact of soil erosion, deforestat­ion and overgrazin­g.

Although agricultur­e contribute­s around half of Ethiopia’s GDP, the services sector is not far behind, generating approximat­ely 40 percent of the nation’s income.

A sizable proportion of this is derived from tourism, an industry which turned over $1.4 billion in the second half of 2018 according to the country’s Ministry of Culture. This is down on the $2.7 billion target, but neverthele­ss Ethiopia managed to welcome more than 380,000 tourists during the period in question.

Among the initiative­s brought in by the government to boost tourist arrivals include a more liberal visa regime, with the issuance of e-visas seen as a catalyst for more visitors.

Indeed, Ethiopia’s Travel & Tourism economy grew by 48.6 percent through the whole of 2018, the largest of any country in the world, according to the World Travel & Tourism Council’s annual review of the economic impact and social importance of the sector.


Capital: Addis Ababa

Area: 1,063,652 km²

Population (2018): 96,769,000

GDP (2017): $77.3 billion

Currency: birr

Time zone: East Africa Time

Dialling code: +251

Internet TLD: .et

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