Ethiopia Economy:
Agriculture
is the mainstay of the Ethiopian economy, accounting for about
a half of the country’s GDP. The development of the country’s
agricultural sector has however been hampered in past decades due
to drought and unreliable rainfall. Coffee and livestock products
are the main export commodities of Ethiopia.
Agricultural produce
in the country also includes; cotton, sugarcane, potatoes,
flowers, fish and cereals. Poverty is widespread in Ethiopia
and the development
of the country’s economy has also been hampered by civil
conflict, war with neighboring Eritrea and poor government policies.
As a result the country is ranked amongst the poorest in Africa.
Major industries in the country are; textiles, food and drink
processing, metal processing, leather and cement.
Currency:
The Ethiopian Birr is the title of Ethiopia’s currency.
The money has been in use in the country since the late 19th
century when it was introduced during the reign of Emperor
Menelik II.
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