plastprintpack 2020: Ethiopia to expand its position as East and Central Africa’s largest importer
High sustainable investments and enormous population growth
The 4th plastprintpack Ethiopia in 2020 continues its success story
East and Central Africa’s largest economy is on the growth track as Ethiopia’s GDP is expected to increase from US$ 84 billion in 2018 to US$ 91 billion in 2019 and US$ 99 billion in 2020.
Ethiopia’s GDP has thus grown more than tenfold between 2000 (US$ 8 billion) and 2018 and would grow more than twelvefold by 2020. (World Bank) As a result, Ethiopia became one of the world’s fastest growing economies and an impressive investment destination in Africa.
WORLD ECONOMIC FORUM: Ethiopia is Africa’s new growth engine – here’s why
Ethiopia is Africa’s oldest independent country and its fastest growing economy today. With a population of over 100 million and an annual economic growth rate of 10% over the past 15 years, it presents a unique opportunity. more