ethiopia rwc Flashcards
1
Q
what is ethiopias tie to djibouti
A
- ~95% of its total trade goes through Djibouti’s port
- Ethiopia struck a trade deal with Eritrea at the start of 2024 for access to the sea for trade, freeing up the middleman of Djibouti (however unstable due to military turmoil)
- > 75% of Djibouti’s GDP is dependent on Ethiopian transport services
2
Q
what’re internal stats for Ethiopia
A
- one of Africa’s fastest growing economies
- landlocked
- ~$155bn GDP as of 2023
- GDP expected to grow 6.2% in 2024 (far higher than 2023) as a result of industry, private consumption and I
- all time high CPI, 29% inflation 30% for food
3
Q
what trade bloc is Ethiopia in
A
WTO and COMESA (Common Market for Eastern and Southern Africa)
4
Q
what’re stats for Ethiopias exports
A
main partners: UAE, US, Somalia, China
UK have a deficit with Ethiopia
87% goods trading, mainly gold and coffee
