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IPFS News Link • Africa: On the Map

Africa Was Twice as Rich as Asia in 1950 and Africa Rising Requires Good Policies

• arclein

Ethiopia is a country that has had 8-10% GDP growth for many years and has been following the China development model. Ethiopia has been recovering for the past 25 years from a civil war and a completely devastated country. They have reached about $550 per person in per capita GDP on an exchange rate basis and $1730 in per capita GDP on a purchasing power parity basis. They are projected to have 8.5% GDP growth in 2019. Ethiopia has a population of about 112 million.