Digital trade regulatory integration: country profile the Ethiopia

Abstract

This country profile presents the key findings for Ethiopia. Ethiopia has been among the world’s fastest growing economies in recent decades, in part driven by public investment in infrastructure. However, growth in gross domestic product has recently slowed, from 6.1 per cent in 2020 to 5.6 per cent in 2021, due largely to Covid-19, slowing growth in industry and services, and internal conflict. Despite some setbacks, policy reforms including privatization of state enterprises and liberalization of foreign investment have substantially transformed the economy. Though expected to contract 4.8 per cent in 2022, the economy is forecast to grow 5.7 per cent in 2023, driven largely by industry, private consumption, and investment, with contributions from rebounding tourism and a liberalized telecom sector.