Population: 88 million
GDP (PPP): $70.9 billion
GDP per capita: $954
Summary: One of the largest and poorest of the African nations, Ethiopia relies heavily on agricultural exports (particularly coffee) to sustain GDP. Heavy droughts, poor farming practices, price fluctuations, and a two-year war with Eritrea hurt the industry, causing many coffee growers to switch to other crops. In 2005, the IMF forgave the country’s debt, which has led to improved conditions.
Read more: http://www.businessinsider.com/poorest-countries-in-the-world-2010-8#13-federal-democratic-republic-of-ethiopia-8#ixzz13h4z7OWm
No comments:
Post a Comment