Inclusive growth &
Ethiopia has enjoyed an economic growth rate of around 11% in recent years thus placing it as one of the fastest growing economies in Africa. The government also projects Ethiopia’s real GDP to remain above 10% per annum.
The country’s recently launched national Growth and Transformation Plan (GTP) calls for the doubling of agriculture productivity, which has so far proved to be low despite improvements increases in average yields due to weather conditions, and increase of supply of inputs and cultivated land.
While agriculture, which accounts for 80% of national employment, continues to play a strong role in the Ethiopian socio-economic fabric, other sectors, such as services have started to make unprecedented growth in terms of share of the country’s GDP. However, unemployment remains a challenge, especially for the youth, which make up 20.5% of the population according to the 2008 census.