Asked by: Eugeni Chapi
travel africa travel

How wealthy is Ethiopia?

Last Updated: 30th April, 2020

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With about 109 million people (2018), Ethiopia is thesecond most populous nation in Africa after Nigeria, and thefastest growing economy in the region. However, it is also one ofthe poorest, with a per capita income of $790. Ethiopia aims toreach lower-middle-income status by 2025.

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Likewise, people ask, is Ethiopia a rich or poor country?

In 2000, Ethiopia, the second-most populouscountry in Africa, was the third-poorest country inthe world. Its annual GDP per capita was only about $650. More than50% of the population lived below the global poverty line,the highest poverty rate in the world.

Furthermore, what is Ethiopia's main source of income? Ethiopia's exports are almost entirelyagricultural. Coffee is the primary foreign-exchange earner;other exported products include khat, hides and skins, liveanimals, oilseeds, and gold.

Just so, who is the richest man in Ethiopia?

Below is a list of top 10 richest Ethiopians in2018.

  • Omer Ali Shifaw.
  • Abay Tsehaye.
  • Samuel Tafesse.
  • Seyoum Mesfin.
  • Sebhat Nega.
  • Berhane Gebrekristos.
  • Azeb Mesfin.
  • Mohammed Al Amoudi. Mohammed Al Amoudi is the richest person inEthiopia.

Is Ethiopia a developed country?

Over the last decade, Ethiopia has madetremendous development gains in education, health and foodsecurity, and boasts a GDP annual growth rate of 10.3 percent(World Bank, 2017). However, Ethiopia still remains one ofthe poorest countries in the world, with an estimated annualper capita income of $768.

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