Economics Ethiopia has some similarity to other developing countries in regard to size, demographics, economy and standard of living, for example it has a high population and high population growth rate. In 2010, its population was over 85.0 million with a high population growth rate of 3.33% between 1990 and 1995; and 2.5% between 2010 and2015…
The country’s urban population is also increasing (World Bank 20). Ethiopia covers an area of about 1,000,000 km2. Using the 2010 national population figures, we get a national population density of 85 people/km2. The level of economic development in Ethiopia is still low indicated by the 2010 Human Development Index (HDI) of 0.328% and low GDP of US$28,526.50 billion in 2009. The general standards of living are also low with 38.70% of the people living below a dollar. There is a high dependency ratio as is common among developing countries for example 86.5% in 2010. In 2008, 85.1% of the population lived without electricity. In 2010, its life expectancy was 56.1%, a figure that was common among other developing countries (World Bank 16). Difference between Ethiopia and other developing countries Unlike most developing countries, Ethiopia has a very large surface coverage. It emerges the second largest in Africa. According to (World Bank 20), the percentage of urban population in Ethiopia is below 20% unlike other developing countries. In 2010, these figures were 16.7% compared 35.4% and 38.4% in Guinea and Sierra Leone respectively in during the same year. ...
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