Mekelle, Ethiopia - Millennium Cities Initiative - Columbia University

12 Mekelle, Ethiopia: Potential Opportunities for Investment
Economic outlook
The improving business climate in Ethiopia provides attractive
opportunities for investors capable of bringing own financing,
technologies and process management in order to transfer
knowledge to the local labour force.
The relative political stability of
recent years, cheap labour and
supportive state policies have already
led to impressive growth in new
investments and corresponding
economic growth of Ethiopia.
Real GDP growth percentage 2007–2011
percent
Key
14%
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
Actual
11.1%
6.8%
5.0%
11.6%
2007 2008 2009
Ethiopia
Sub-Saharan Africa
World
4.5%
2.8%
Ethiopian GDP growth significantly
outperformed the world average and
sub-Saharan Africa’s average from 2007
until 2009, and is likely to continue in
2010–2011.
6.8%
-1.6%
-1.2%
Source: Ethiopia: Economic Structure, Economist Intelligence Unit, 2009
Forecast
7.0%
3.2%
3.2%
8.0%
4.5%
2010 2011
12
10
3.4%
4.0
2.0
GDP distribution by sector 2006–2007
04%
05%
06%
06%
17%
15%
47%
Agriculture
Trade, hotels and restaurnets
Transport and communications
Construction
Manfacturing
Government services
Other
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