The Ethiopian economy is based heavily on agriculture but the government is working hard to diversify into manufacturing, textiles, and energy generation.
Despite recent drought and challenging cultivation practices, recent joint efforts by the Government of Ethiopia and donors have strengthened the nation's agricultural resilience, contributing to a reduction in the number of Ethiopians threatened with starvation.
The banking, insurance, telecommunications, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted significant foreign investment in textiles, leather, commercial agriculture and manufacturing.
The five-year economic plan has achieved high single-digit growth rates through government-led infrastructure expansion and commercial agriculture development.
Composition of GDP