Labor force participation rate, total (% of total population ages 15+) (modeled ILO estimate) Bank's Non-Interest Income to Total Income for Ethiopia Percent, Annual, Not Seasonally Adjusted 1998 to 2017 (2019-10-21) 5-Bank Asset Concentration for Ethiopia �l�� ��ܙ��J�,��Poj��BEZ}��- [FR����. <> Explore raw data about the World Bank's finances - slice and dice datasets; visualize data; share it with other site users or through social networks; or take it home with a mobile app. ADDIS ABABA, June 11, 2018 - Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018 (July 2017 to June 2018), down from 10.9% in fiscal year 2017, according to a new World Bank Group report. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Ethiopia unemployment rate for 2019 was 2.08%, a 0.01% increase from 2018. 1 0 obj Unemployment rate of Ethiopia fell gradually from 3.7 % in 1999 to 2.1 % in 2018. Ethiopia unemployment rate for 2017 was 2.12%, a 0.05% decline from 2016. IBRD/IDA Operations Approved by Fiscal Year, New and Supplemental Projects by Fiscal Year, Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average). A Homegrown Reform Do legal provisions mandate equal pay for equal work (1=Yes, 0=No)? For comparison, the world average in 2019 based on 182 countries is 7.04 percent. Unemployment Rates (as percent of labor force): (new registrations per 1,000 people ages 15-64), Financing & Risk Furthermore, professional and other backbone services are not promoted to the extent of their potential contributions to competitiveness and value addition. Recently, unemployment has … Weeks of severance pay for redundancy of experienced workers, Paid annual leave for a worker with 5 years of tenure (in working days), GDP per person employed (constant 1990 PPP $), Labor force participation rate, total (% of total population ages 15+) (modeled ILO estimate), Wage and salaried workers, total (% of total employment) (modeled ILO estimate). According to official statistics, during the ten fiscal years ending June 2016, Ethiopia’s GDP averaged 10.3% mainly driven by government consumption and private investment. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Here you can query, map, compare, chart and summarize key climate-related information. The recommendations of the report include calls for services and trade policy reforms that should, ideally, involve: “Although a wholesale services policy reform in Ethiopia’s current environment would be neither feasible nor desirable, several significant steps could be taken to open-up markets, increase economic efficiency and meet people’s expectation for improved services,” said Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan. If Data Visualizer does not load within 10 seconds, please ensure JavaScript is enabled and Adobe Flash Player version 10.0.0 or greater is installed. Global data and statistics, research and publications, and topics in poverty and development, PUBLICATION: Ethiopia Economic Update: Reform Imperatives for Ethiopia’s Services Sector, Environmental and Social Policies for Projects. The Horn of Africa nation was the world’s fastest growing economy in 2017. This page provides - Ethiopia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and … Source: World Bank. ETHIOPIA FIGURE 1 Ethiopia / Real GDP growth and contributions to real GDP growth FIGURE 2 Ethiopia / Actual and projected poverty rates and real GDP per capita Source: Ethiopian authorities. Ethiopia Global Economic Prospects examines trends for the world economy and how they affect developing countries. to “By reforming its distribution services, Ethiopia could further promote competition, innovation and improve consumer satisfaction and welfare,” said Nora Dihel, World Bank Senior Economist and co-author of the report. Unemployment Rate in Ethiopia increased to 19.10 percent in 2018 from 16.90 percent in 2016. Raising awareness about the strategic importance of services as a first step ahead of the design of a comprehensive reform strategy that is linked with national development plans; Taking steps to relax trade and market access barriers; to eliminate regulatory obstacles, and deal with informality issues; Addressing the concerns of the poorest households and facilitating the inclusion of smallholder farmers in modern value chains; and. world. Ethiopian Way’ by the World Bank in one of the most extensive studies on Ethiopia’s recent growth and development policies.1 1 See World Bank’s “Ethiopia’s Great Run” report, November 2015. Online tool for visualization and analysis. St. Louis, MO 63102, 1998 One Federal Reserve Bank Plaza, In order to sustain growth, the report urges the authorities to maintain tight macroeconomic policies, improve external competitiveness, curb structural imbalances and expand the role of the private sector. Ethiopia: Unemployment rate: For that indicator, we provide data for Ethiopia from 1991 to 2019. Economist and Co-TTL), Mesfin Girma (Economist and … Find Out to According to the report, putting more focus on the underdeveloped services sectors will result in major economic gains for Ethiopia.
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