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25 February, 2021updated 30 Oct 2021 04:55

Investing in Ethiopia: what you need to know

All of the key data and information needed when considering investing in Ethiopia.

By Carmen

As of 2021, Ethiopia has a population of 117.9 million, making it the 12th largest country in the world by this measure. There are 50% males and 50% females.

There are 48.9 million people employed in Ethiopia, with an unemployment rate of 6.1% – 3.2 million people.

Ethiopia is the 190th largest economy in the world with a GDP of $92.3bn.

As of 2014 there were 757,175 students in tertiary education in Ethiopia, with 5 million students in secondary and 16.2 million in primary education. Ethiopia spent 4.4% of its GDP on education in 2019.

Ethiopia ranked 159th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 159th. In the World Economic Forum’s Global Competitiveness Report (2019), Ethiopia finished 126th, after ranking 126th in 2018.

Public healthcare expenditure totalled $523m and private healthcare expenditure equalled $2.7bn in 2018.

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