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The CIA World Factbook updated Ethiopia’s GDP PPP (Purchasing Power Parity) to 118.2 Billion USD for 2013. This is over 9 billion USD in growth from the previous year’s report. This is a remarkable annual growth particularly for an economy without oil, gas, or significant minerals.
According to the report, Ethiopia’s economy leapfrogged many notable countries including Syria, Tunisia, Uzbekistan, Bulgaria, Burma, and Dominican Republic. Ethiopia is now officially the 7th biggest economy in Africa and the 69th biggest economy in the world.
Ethiopia’s GDP (Official Exchange Rate) also grew from 41.9 Billion USD in 2012 to 47.3 Billion USD in 2013. Lead by manufacturing and electric power grids, Ethiopia’s economy is expected to continue leapfrogging many countries in the next few years.
(Fana Broadcasting)