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Ethiopia 9th Biggest Economy in Africa - World Bank

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12/18/07

Permalink 12:52:10 pm, by nazret.com, 413 words   English (US) latin1
Categories: Business, Ethiopia

Ethiopia 9th Biggest Economy in Africa - World Bank

Ethiopia 9th Biggest Economy in Africa - World Bank

Ethiopia is the ninth biggest economy in Africa when measured in Purchasing Power Parity (PPP), according to the latest report from the World Bank. Ethiopia is also one of the cheapest economies in the world measured by Price Level Index (PLI) according to World Bank. Ethiopia's GDP in PPP is $42.5 Billion, which accounts for 0.08% of World economy. Ethiopia's GDP per capita measured in PPP is $591.

The African economy is dominated by South Africa, Egypt, Nigeria, Morocco, and Sudan, which collectively account for nearly two-thirds of the region’s GDP.

The 10 Biggest Economies in Africa
1. South Africa $397.5
2. Egypt, Arab Rep. $353.5
3. Nigeria $247.3
4. Morocco $107.1
5. Sudan $79.6
6. Tunisia $64.8
7. Angola $55.0
8. Kenya $47.9
9. Ethiopia $42.5
10. Tanzania $35.9

GDP in PPP$ Billion

African Countries with highest GDP per capita

  1. Gabon $12,742
  2. Botswana $12,057
  3. Equatorial Guinea $11,999
  4. Mauritius $10,155
  5. South Africa $8,477

African Countries with the lowest GDP per capita

  1. Congo, Dem. Rep. $264
  2. Liberia $383
  3. Burundi $410
  4. Zimbabwe $538
  5. Guinea-Bissau $569

Source: World Bank

The Price Level Index (PLI) shows which economies are the most and least expensive. It corresponds to travelers’ experience of making purchases after converting their currency at market exchange rates. The Price Level Index is the ratio of a country’s PPP divided by its exchange rate to the US dollar. An index over 100 means prices are higher on average than in the US, and one less than 100 means prices are relatively lower.

The most expensive economies are Iceland, Denmark, Switzerland, Norway, and Ireland with indices ranging from 154 to 127. The United States ranked 20th in the world, lower than most other high-income economies, including France, Germany, Japan, and the United Kingdom.

The range is greater at the other end of the spectrum with more than 40 economies showing a PLI of 40 or below. The cheapest economies are Tajikistan, Ethiopia, Gambia, Kyrgyz Republic, and Bolivia.

The report also added

Twelve economies account for more than two-thirds of the world’s output. Seven of them are high-income economies (United States, Japan, Germany, the United Kingdom, France, Italy and, Spain), and five are developing or transitional economies (China, India, Russia, Brazil, and Mexico). The five largest developing economies account for more than 20 percent of global output and over 27 percent of the world expenditures for investment purposes

Measured by GDP per capita, the five richest economies are Luxembourg, Qatar, Norway, Brunei Darussalam, and Kuwait. Collectively, they account for less than 1 percent of the world’s output. Seventeen economies have a GDP per capita of less than $1,000. The world average is approximately $8,900 per capita.




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87 comments

Comment from: yonas [Visitor] Email
i dont get it if any one understand what the diferce is between the ppl and ppp drop me an emaill at yonasemiru@yahoo.com
12/18/07 @ 13:40
Comment from: sekokaw abeshaw [Visitor]
wow wowwow wow hey guys do u think
that's true about Ethiopia
i don't think so if that is really
i'm so happy man wow
12/18/07 @ 13:41
Comment from: Tegga Lendado [Visitor]
Whatever the measurement stick and the motives are, that Ethiopia came 9th in African econometrix is good news.

Merry Christmas and a Happy New Year to all!

God bless Ethiopia and those who stand for the African poor.
12/18/07 @ 13:51
Comment from: hagera! [Visitor]
wow, #9 economy in Africa!!! God bless Meles zenawi!!!!!!

nazret.com you forgot to include that ethiopia is also one of the fastest growing economy in africa at nearl 10% GDP a year.

if you take out the Oil power african countries, i think ethiopia is actually #1 fastest growing economy in africa!!!!


GOD BLESS MELES ZENAWI!!!
12/18/07 @ 14:00
Comment from: Yeha [Visitor]
This is Ethiopia $42.5 today. what about Eritrea? none nada not even mentioned on the world bank article. Its a shame on Shabia the little African Singapore dream economy.

Well, half brain diaspora this is today about Ethiopia. What is next? we are eagerly waiting to hear your input on the issue.

Ethiopia for ever.Yeha
12/18/07 @ 14:12
Comment from: Abbi [Visitor]
Yeha, Ethiopian wanna be Weyane.

You are sooooooo obbesed with Eritrea. It's unbelievable.
12/18/07 @ 14:23
Comment from: ethiopian man [Visitor]
I am pretty sure, if CUD and other bandas stop disturbing Ethiopia we could have done it better, but what can we do, we are currently living with so called elites who havent accepted their defeat. The so called CUD, ONLF,OLF and others r disturbing us, they are becoming a pain in the bum, we couldnt settle for a minute. can you imagine where we could be if these start to use their brain?? Anyway, we don have to wait them, if they continue blocking our way, we may need to take the last language which they understand, thats use of force to use the obstacle. Ok Guys, its a good news, and we are happy to hear this. Ethiopia will be second world economy in the coming few years. We need to have stability built on the graveyard of OLF,ONLF,and elderly and devided CUD.
12/18/07 @ 14:35
Comment from: Woyane\'s Yugoslavian dream [Visitor]
-This is an outdated and inaccurate report by the world bank. I dislike woyane but our economy is doing much better then this.:>>

-You have to remember that GDP is a poor indicator of wealth. It does not include the "informal market" of which most of africas economic transactions take place in. It also does not include things like housework done by a person and most importantly the expense of food, clothing and shelter by subsistence farmers which most Ethiopians are. GDP also counts the negative things in a rich nation like prisons and environmental degrading output. GDP also does not count the inequality in countries like equatorial Guinea where family owns all the wealth. 88|

- yonas, The exchange rate is the amount of money the country makes in International dollars, The PPP is the purchasing power parity and that the amount of goods that you can buy with a dollar in ethiopia. It is basically the cost of living. In ethiopia the average person earns $170 but he is able to buy $1000 dollars :>> worth of goods because things are so cheap there.

-Ethiopias economy is not 42 billion Purchasing power parity it is 74 billion(2006) going on 80 billion(2007) :>>

- The exchange rate for Ethiopia is 13.3 billion dollars(2006) and it will be 15 billion for this year (2007)

So our GDP for the year of 2006 was 13.3 bl( exchange rate) and 74 bl. (purchasing power parity. Our GDP per person is $1000 (purchasing power parity) and 170 (exchange rate) Our economy is probably growing at about 7% but we do have a population growth rate of 2.5-3% which negates a lot of that growth.

- These stupid figures make us look poorer then we already are and people should ignore them. A better indicator is the human development index and that too should be looked at skeptically. I estimate that if you include the Informal market, The substance farmers uncounted income and other economic activities that dont make it on the official GDP that the average ethiopian lives on about $4,000 dollars(PPP) :>> a year. Remember that our informal market is more then double our official GDP output. Our "real" economic output for the country can easily be 300 billion(PPP).

- In conclusion, GDP does not do a good job of counting wealth. " No one lives on less then a dollar a day" and we are better of economically then most people think. The best way to know about ethiopia is to see what is happening on the ground then these empty figures. I would love to see us improve but with woyanes communist ownership of everything and there ethnic divide and rule i dont have good hope. :|
12/18/07 @ 14:38
Comment from: ethiopian man [Visitor]
Yeha, congra brother, this is where our country is, we need to be proud of the current leadership. VIVA TPLF/EPRDF, we need to be proud of our nation, we will stand by the leadership, the divided and chauvinist CUD has began its painfull journey down the hill with out a fire of a shot. This proves our strategy can work, long live democratic and voluntarily united ETHIOPIA,,,,
12/18/07 @ 14:39
Comment from: tigrew geday [Visitor]
this is an amesing news to tigrayan people and to our belived sans of TPLF thanks priminster meles and our people of tigray .
we know this is a heart breaking news for Cud
>:XX with their dum thinking.
there is no ethiopia
but ther is tigray
via to tigray people strugle.
12/18/07 @ 14:47
Comment from: Woyane's Yugoslavian dream [Visitor]
Yeha, Leave Eritrea alone. They are at least independent of aid and mostly self sufficient and when did they become the measuring stick for everything and what happened to meles's Albania or was it Yugoslavia.:))

Remember that Ethiopia has 80 million people and being the 9th biggest means nothing. We are still the poorest in Africa per person. That is If you take these figures seriously.

We need to have less children because our growth rate of around 7% is getting eaten up by the pop growth rate of 2.5 to 3%. That would be a 4 to 4.5% growth rate. to slow for development. If you take woyanes bogus rate of 10% it is 7 to 7.5% with the pop growth rate put in, which is good. Countries growing at 10% over 5 years are going through economic revolutions(south Korea, singapore) and that is not happening in mama Ethiopia.

Ethiopia is doing decent but it needs to really improve for us to change the lives of our people.
12/18/07 @ 14:51
Comment from: Nas Ima [Visitor]
hehehehe... Ihave nathing 2 say, but wowowowwww. This`s good news peopil. say "Good bless Meles together" Mr Meles stay 4 ever. We need U man. I love uuuuuuu!!!!
12/18/07 @ 14:53
Comment from: Tk [Visitor]
Not a bad news, but the Country still nees
to invest more on Education to foster viable economical prospect and fight Corruption to stimulate investments by the Foreign Investors.
Happy X mas all!
12/18/07 @ 14:56
Comment from: Bulbula Hagos [Visitor]
I THINK ETHIOPIA IS # 03. CORECTION.
12/18/07 @ 15:12
Comment from: chu [Visitor]
WoW!!! ethiopia $42.5 today. tomorrow will be $85.0. anyway if it is true that is good
12/18/07 @ 15:18
Comment from: selamu [Visitor]
YONAS

Here is how I understand the differce between PPP adn PPI

Let us say that you buy one big mac meal in the US for $5. In Ethiopia, let us say that you buy the same big mac for 50 birr. If the exchange rate for $1 is 10 birr, you are buying one big mac for the same price in both Ethiopia and the US. If there is no market failure, i.e. if you can exchange Ethiopian birr for US dollar as you want, the purchasing power of the US dollar and the Ethiopian birr is the same. The exchange rate between the US and Ethiopia is in equilibrium.

The reason that Ethiopia is identified as one of the cheapest economy is that you can buy one big mac in Ethiopia for less than 50 birr, which is less than $5 dollar.

Simply put, PPI (i.e producer price index) is an index measures the average change over time in selling prices received by domestic producers of goods and services. Let us say that we have two producers (a wheat farmer and pasta processor) in the economy. Again, suppose that in 2006, the farmer produced 10 quintals of wheat and sold it for 5000 birr a quintal. The pasta factory produced 10 quintals of pasta and sold it for 1000 birr.

10 quintals*500 birr=5000
10 quintals of past*1000=10,000.
The total will be 15,000 birr.

Now, let us say, in 2007 the price of wheat increased from $500 to 600 birr and that of pasta increased from 1000 to 1200 birr in 2007.

10 quintals*600 birr=6000
10 quintals of past*1200=12,000.
The total will be 18,000 birr.

Now, divide 18,000 by 15,000 and you will get 120%. Therefore, the producer price has increased by 20% in 2007.






[Thank You Selamu]
12/18/07 @ 15:37
Comment from: Tiqour Ambessa [Visitor]
i could swear i saw another report that said our GDP was just $14 billion. Now its $40 billion. who knows, maybe i read something wrong before. But just remember this . Egypt has the same population as us, 80 million people, and they are still poor even with a $353 billion GDP. South africa just has 40 million people, half of our country, and they still have huge problems with $397 billion. We, starting at just $40 billion have a long, long way to go still before we can even be as rich as the south africans or egyptians. a long way to go. Allah bless us, keep us UNITED and give us peace.

[Tiqour Ambessa, I think you are referring to the GDP measured using official exchange rates. The number above is based on Purchasing Power Parity. I am no expert in this area, but you may want to read about PPP here. I am sure we have visitors who know a whole lot about this and look forward to reading them. ]
12/18/07 @ 15:43
Comment from: ybeltal [Visitor]
Great Job EPRDF and the ppl Ethiopia who r working day and night. God bless ethiopia. my wish and hope is to be #1 in 10 years.
12/18/07 @ 15:44
Comment from: Sol [Visitor]
Even the World Bank is becoming a
Woyane propoganda machine.

Just Kidding.

Indeed This is a very good news to Ethiopia.
If the current pace of development
continues as it is Ethiopia will surely
have the third spot, God Willing, in the next ten years.




12/18/07 @ 15:47
Comment from: skinny but proud ethiopian [Visitor]
nowadays Ethiopia is geting the recognition that it deserves, I know its bad news for the opposition, but who cares they can say what ever they want the STATS show a growing Ethiopia and I beleve that,

A freind of Mine in Addis wrote to me telling me Addis will be the next Johansburg in a few years and by the way my freind is not Even Ethiopian he is Cameroon so tell me why does he have to lie about any thing CUDIES?
Thanks for the info HERMAN INGU
even though Ethiopia is not your country, it is your adopted country, LONG LIVE AFRICA LONG LIVE ETHIOPIA
12/18/07 @ 15:52
Comment from: Z-Mike [Visitor]
We're certain it will soon become #1 in Africa and compete at the world level. Way to go to all who are working hard to build our economy. I am sure this is heart breaking news for CUD Mesfin, Smith, Payne and most of all Eritrea along with the UIC/ONLF.
VIVA Ethiopia:D
12/18/07 @ 15:52
Comment from: GRAVITY [Visitor]
I have no faith on these numbers. It is always easy to use some model, spit out some numbers and statistics to argue (pro or against) any case. Economics is not a perfect science -- so are the above numbers. They may our nation look like the 9th economically strong country in Africa while the reality on the ground is grim. I wish we are the richest nation on the plant, but the reality is we are at bottom (PPI, PPL, don't mean anything).
12/18/07 @ 15:53
Comment from: tazabi [Visitor]
this is good news but ethiopia has still a long long way to go.First of all, we need to have a finiancial system with accountability,checks and balances,that is independent of the government.That would next open the way for stock markets to set ground that are functional atleast by african standards.Once we have reliable trustworthy stock markets up and running,the amount of foriegn investment the country can tap into is limiltless,thereby creating jobs,and growing the economy much much better.By the way,east African countries,Kenya, Tanzania and Uganda have an exploding unified stock exchange.perhaps our government needs to find a way to join that exchange.
12/18/07 @ 15:56
Comment from: Erilover [Visitor]
Yeha
I'm sure I'm not the only one that gets tired of reading your anti-Eritrean sentiments. Its fine when the subject is discussing Eritrea, but for God's sake, give it a rest already. It seems like no matter the subject, you can't seem to be able to let my country out of your mind. Starting to sound like an obsessed guy that got dumped by his girlfriend and can't stop thinking about her and bad-mouthing her, you're sounding real pathetic. real "asha"
12/18/07 @ 15:59
Comment from: Ethiobizman [Visitor]
If we have peaceful transfer of power we
will be #1. Our number one enemy is war
we have lost a lot of money and human
life in the past. Our goverment has to
work hard to avoid unnessary war in the
future. God bless Ethiopia.
12/18/07 @ 16:00
Comment from: deros. [Visitor]
Ethiopia has 80 million and number 2 population in africa.WEYANES CAN YOU LOOK OTHER WAYS OTHER WISE---
12/18/07 @ 16:02
Comment from: Yager Lig [Visitor]
Woo Hoo!
Congrats to all that have worked hard for Ethiopia including the leaders of the country and ofcourse Sheikh Alamudin, who brought his money and business knowledge to his mother land to help our country and the people.

It will not be very long to see Ethiopia's real economic potential. With such great news we all will have a very beautiful holiday season.

May God bless Ethiopia and its God fearing people!

Happy Holidays to all!
Cheers!!!!
12/18/07 @ 16:16
Comment from: Aware [Visitor]
Yea! # 9 after torture the people for 12 years of slavery. Yea, way to go ethiopian. Kiss my ass to all of you who think Meles is doing a nice job. Speak for you self the rich gets richer and the poor get poorest. This is barbaric. Shame on us, we let our people down.
12/18/07 @ 16:22
Comment from: ammanu [Visitor]
wowwww yes yes yes thank you meles
12/18/07 @ 17:01
Comment from: yuo [Visitor]
To Woyne baboons;

I do not know why you all are excited. The majority of the population goes to bed without having a single meal while the badits and its supporters steal from the poor. The realty on the grounde is opposite to what the corrupted world bank officils try to tell us. For a few dollar fro the corrupt Woyane officials, the world bank would say anything.
12/18/07 @ 17:32
Comment from: teshome [Visitor]
Yaha: Entay honka wodi? "Hate no one; hate their vices, not themselves".Happy Holidays.
12/18/07 @ 17:38
Comment from: armacho [Visitor]
YUGOSLAVIA COULD YOU PLEASE SHUT UP AND SMELL THE COFFEEE.YOUR SHALLOW UNDERSTANDING OF ECONOMY DOESNT MAKE YOU NEITHER SMART NOR SCHOLAR.THANK GOD FOR ALLL THESE GOOD NEWS .VIVA EPDRF
12/18/07 @ 18:14
Comment from: mmagic [Visitor]
this is one of my best part of my life, its not onley about the news. i am happy because of you gays. this is the first time i seen good comments on this site. evry body is happy that was my dream to see to apriciate the trouth. thanks MELES ZENAWI.. GOD BLESS ETHIOPIA
12/18/07 @ 18:36
Comment from: Deder [Visitor]
This is a joke in the United Nations on poor nations like ethiopia. They consider us we are stupid. Please do not accept suoidity.
12/18/07 @ 18:36
Comment from: ethiochulo [Visitor]
Good news...just imagin if we have Unity...you know what they say "dir Biyabir Anbesa Yasir"...lets push for #1 in t world .....ONE LOVE
12/18/07 @ 18:58
Comment from: visitor [Visitor]
Dear friends, I recently found out that a lot of cud supporters are going to Ethiopia and heavenly investing on a lot of businesses especially in real estate. So when ever you read unti-Ethiopian successes or when they say Weyane is bad to our country do not trust them. They are doing something behind the seen.The always love to do things unnoticed, because they are selfish.
12/18/07 @ 19:07
Comment from: Woyane\\\'s Yugoslavian dream [Visitor]
What the hell are you idiots so happy about. Ethiopia is still one of the poorest countries in the world. :>

Even after i explained the economic realities you morons are still praising woyane.

This blog is disgusting and full of woyanes. You are too stupeid to realize that ethiopia is the secound most populace country in Africa. 1 0ut of 10 people are ethiopian and being #8 means nothing.

empty brained woyane followers will not understand pure economics. Go away and love the men who burned the ethiopian flag for decades.:>
12/18/07 @ 19:12
Comment from: Woyane\\\\\\\'s Yugoslavian dream [Visitor]
Armacho, you are a retard. You are dumb enough to think this is good news. I do not have a shallow understanding of economics because i have a college minor in it, stupid.

continue to support ethiopian flag burning woyane and the continuing povery of ethiopia. Dumbass
12/18/07 @ 19:16
Comment from: Ethiobizman [Visitor]
Tiqur ambess

Our GDP(ppp) is $73.79 billion dollar
according to CIA FACT book. The $14 billion
dollar is GDP(OER). World bank and cia have
different report I don't know which one is
correct.
12/18/07 @ 19:17
Comment from: danaato [Visitor]
I thoufgt Shaibia was on the top list, (african Sigapor)
12/18/07 @ 19:26
Comment from: Akalu [Visitor]
keep it up our government,CUD and other parties pls lets work together for better result.lets us avoid hate poltics.
ethiopians pls lets try to create
poltical parties like democrate and
republican in our country that
both thinking development for our
country rather than looking each other
as enemy
12/18/07 @ 19:30
Comment from: Eshatu Daba [Visitor]
This is nearly perfectly working economy of the world. The nine largest economy? If you take out oil producing, or and sheikdom oil subsidized Arab countries and mineral based Economies, together with the least inflation the total purchasing power of the GNP in real value along with the hospitable climate and crime less society makes Ethiopia the pearl of Africa.

As prophesied, by the prophets, God has removed the curse of Ethiopia and has lifted her up on a pedestal, so high above the plateaus and Ethiopia is almost touching the heavenly bodies.
That is why Satan sent his
messengers of sicily demons in the image of CUD remnants of Derge idolaters of tertiary level intellect to abort the seed of development of the blessed nation. Tried to steal the blessing from above. They tried a loosing battle of anarchy and then tried again to accuse Ethiopia through hired hands like Jefferey of the NY Times and the representatives from NJ, before pulling out the poll in their eyes shamelessly tried to take a speck from Ethiopia's.
Ethiopia blessed by God who wiped away the tears from the peoples eyes. The people that were oppressed of the devil who saw children, men and women perish of hunger by the millions every other decade. God made their enemies to speak in different languages and confused not understand one another. God said to Pharaoh no more, take your hands off my people and "Let my people go free." To the land of milk and honey, where there will not be no more crying and no arms raised upon them shall not succeed. Amen and Amen
12/18/07 @ 19:59
Comment from: temuye [Visitor]
The God of Israel is Blessing Ethiopia.
12/18/07 @ 20:24
Comment from: Kiflom [Visitor]
Thanks to what we are told to accept. But, if I am excused to raise some skeptical points the classical economics doesn't prove such findings as real development. As some commented and many agree we are not told what data are used to reach this conclusion.We can't believe naively b/c the World Bank said it. The Bank sponsoring bad governance,corruption and human rights abuse alongside with its aid packages has to try to prove things are doing well in Ethiopia too, at least claimimg with the ppl,ppp jurgons. Time will reveal if what we are provided as the christmas gift is actually what is on the ground. PERSONALLY, I don't oppose and support such expert manipulations until I understand the details. But for those who enjoy it congratulations!
12/18/07 @ 21:41
Comment from: K [Visitor]
9th is not bad. We could have been 42nd, but you know what I will take 9th anytime and been thankfull for it. That is an improvement. It can be doubled in just about 4 to 5 years. 13 billion to 26 bill GDP. If we want to eradicate poverty to 80 to 90 percent, we are talking about over 2 trillion dollars GDP here with population less than 100 million. It can be achieved by hard work and good leadership.
Peace and prosperity to Ethipia.
K.
12/18/07 @ 21:53
Comment from: Yoman [Visitor]
9th biggest economy in Africa for the 3rd largest population in Africa after nigeria & Egypt is bad news. We should be at least the 3rd largest economy. Our per capit income is still $180. Our econommy should be free from the weyane politicoeconomy prison & we will be at least the 3rd largest economy in Afrrica.
12/18/07 @ 22:09
Comment from: Dawit [Visitor]
My fellow Ethiopians,
it's a wonderful news to hear this great news that our country is in the right track.Let's give Meles at least a credit one time after all the troubles he had faced with the gangesters of CUD the last two years. It is true that EPRDF and Meles were leading the country in the first couple of years after the fall of Derg, but I think he accomplished so much in the world's stage for our country. If we all care for our economic growth, I think the political instability will take care of itself after time. Just let's work together and have common grounds for the sake of our country's prosperity and well-being. We should be able to recognize that the old philosophy and ploitics is not working now! Let's be one and talk each other for better future.
God bless
12/18/07 @ 22:22
Comment from: Almaz Taye [Visitor]
God bless you PM Meles Zenawi. I wish you would change your mind about quiting politics come 2010. To hell with CUD and their empty promises. They can't even agree on who should take the bigger share of the money they got by milking the DONKORO extreme diaspora.
12/18/07 @ 22:28
Comment from: koki [Visitor]

For those of you who are not economists the data is highly influenced by Aid. since Ethiopia is the largest aid recipeint in Subsahara Africa this should not surprise you. If you get more aid you buy more an some of the aid is given in the form of imports. It is that simple. The fact Remains Ethiopia is the last but one in indicies of development. Folks dont be fooled. this never measures the amount of poverty and development- It measures the amount of aid you get. Period
12/19/07 @ 00:49
Comment from: zawi [Visitor]
Congratulations to peace loving Ethiopians. This is really great news. The country is marching forward with the leadership of PM Meles and his government and party. I know this is a big headache for all the ill wishers and enemies of ethiopia including the so called diaspora CUDites. They are dreaming and praying for bad news but no way every morning Ethiopia is the headline of good news. Wait until u see the completion and contribution of the big hydro, agricultural and industrial projects then Ethiopia is going to be number one. Mark my words. History is in the making! The hard working people and government of ethiopia are pulling the country out of poverty once and for all.
12/19/07 @ 01:31
Comment from: Adam Smith [Visitor]
Stupid people, communist countrys dont develop.:roll:

80 million people and $170 dollars per person is extreme poverty. Comparing yourself with smaller countries and celebrating is just pathetic. Why are there so many die hard woyane supporters in here anyway. What is so great about them. They have only followed in the footsteps of ethiopian losers and misleader's like the Derg and Haile Sellassie. Our people deserve better and woyane will not do it.

Stop celebrating, you people are too ignorant if you think this is something to celebrate.:crazy:

Woyane must be paying people to put up there propaganda in here.>:XX


Yugoslavia, you are a genius and you did a good job of analyzing our economic reality. :idea:
12/19/07 @ 01:42
Comment from: tadess [Visitor]
we ,Ethiopian in the diaspora should stop shouting of politics ,instead lets support our beloved
country economy no more slogan for politics its time of slogan for economy.
12/19/07 @ 02:03
Comment from: musbeena [Visitor]
AWARE, melese has to keep torturing slaves to achieve ethiopian dream. that is wright ! unless he torture those donky mind slaves like olf, onlf,etc, they become obstacle for development.that what melese did,that is whay he achieved.long live PM MELESE ZENAWI,the smartest african leader. with out him ethiopia never ever move forwared. we will vote for you.however MELESE strugle to change ethiopia,the most trouble country in the world,she remains one of the poorest nation.I HATE THE LAGESAY OF ETHIOPIAN, HOWEVER; I AM PROUD OF PM MELESE ZENAWE.
12/19/07 @ 03:03
Comment from: Gemerew [Visitor]
I think this articlle is written by some lobyist to disguise the reality of ethiopian life at all. I did not see any significant change in economy unemployment rate is high, the poverity rate is high, no one can buy daily food stuff, international food aid is increasing every year and 50-60% of farmers are not feed themselves. Ethiopia generally depends on International aid for capital and even recurrent budget. These indicators show for any ordinary people there is no at all any development in people life. I think this article the hand of lobyists who support the dictator and brutla government of Melese Zenawie. Generally as Citzen this article I take as garbage and usless report. They ary trying to foolish us.
12/19/07 @ 03:10
Comment from: ogadenian [Visitor]
Big up To Sudan. The 5 economy in African and soon to be number 3 by year 2011. That is what i call growth without a single Aid money. God bless Sudan our muslim brothers
12/19/07 @ 03:14
Comment from: Yohanes Kassaye [Visitor]
Wait a minute, Does Meles Zenawi really deserve to be praised for the little progress we make? Is he not the one who denied access Ethiopia to its natural sea port of Assab? Is he not the one spending millions of dollars and lives on senseles border war with Ertirea? Is he not the one that empeded the economy with government backed TPLF party businesses against the principles of free market economy? Is it not Meles that denied Ethiopian farmers from owning land? Is it not Meles that divided our people on tribal lines making it difficult for them to do business wherever they want to? Is it not Meles that promotes disunity among the people? I can go on like this for ever but the bottom line is if we were happy with our politicians we would have done much better. Even under this condition we are moving. Go Ethiopia!!
12/19/07 @ 04:14
Comment from: wepe [Visitor]
Woyane\'s Yugoslavian dream
I agree with every single word of your comment. I also think that we would be better of without woyanes even if they've contributed (the least possible contribution mostly b/c they were forced to and to save themselves from the wrath of the woken up Ethiopian people which they can't calm down with whatever lies they used to use before and which 'll never work anymore considering the last 17 years)for the growth of the economy.

tigrew geday
First off all i should by now know that there is no way that u really are tigrean but some lost soul who wants to make/fool Ethiopians so that we make tigreans pay pay for whet ever tplf has done to the country(I'm sick n' tired of expliang this to everyone but MELES AND HIS FRIENDS ARE NOT TIGREANS) so don't make fool of yourself dumb.

Second if there is any possiblity that u r tigrean I just say BE VERY CAREFUL b/c there are lots of them that would cut your head of hearing u what u just said.

And just for the record am not tigrean (and only consider myself as an Ethiopian, nothing more but on the other hand I don't deny that I do belong to some ethnicity though still not tigrean).


Igzer Ethiopian 1 Yargat, Kekfum Yitebikat.
Wakes up every day proud that am an Ethiopian.
12/19/07 @ 08:14
Comment from: safu [Visitor]
This all bullshit is about the failled mellenium goal. Before the World bank and IMF were accused of looting Africa's money and now they are trying to tell us that affter the pledge to reduce poverty things are working. This is no more than PR stunt and the people are as poor as they were before and everything is becoming harder to have. The haves have it and the have not have not it. It is the same as before.The difference is that the current haves did not have anything before and they think everyone is as happy as they are. Go and get life, no one will believe you. My familly are poorer than before and there is nothing to say that we are richer. I do not know others what they feel.

Peace to all
12/19/07 @ 08:16
Comment from: safu [Visitor]
Woyane's Yugoslavian dream,

Do not preach us having less children please. Ethiopia needs man power and children are the only joy we have. This is again the haves theory that says poor people should not have children even if their countrys' carrying capacity is fine. The want to have all the world resources for themselves. Me and my close familly will need to have atleast 20 children each and that is power.I am against child birth ristriction. Per square killometer Ethiopia needs more children and we need to offset for those who are dying on war fronts.
Thanks
12/19/07 @ 08:23
Comment from: F.Kebede [Visitor]
thise is to TIGREW GEDAY I am not from tigry but I support Revolutinary Democracy and EPRDF you wrote a message saying you onlycare about the prosperity and progress of Tigry and I also doubt that you are an Ethiopian I think you are Eritrean trying to cause a rift bitween Ethiopians by trying to show people taht Tigray have better life standard compered with their ethiopian brothers in meles zenawis lidearship well you are wrong thise is the reasult of 7 years of collective hard work by the Ethiopian people united by EPRDF and working for Revolutinary Democracy .good Job Meles .
12/19/07 @ 08:41
Comment from: observe [Visitor]
Just have a look at the original data from the world bank before you say something...check the GDP in US$ per capita...it's not good...

http://siteresources.worldbank.org/ICPINT/Resources/summary-tables.pdf
12/19/07 @ 08:43
Comment from: ethio [Visitor]


thanks meles.dood job.

we have a longway to go but we will be their.

ethiopia tikdem. ene cud ena kinjit ywudemu.
12/19/07 @ 10:06
Comment from: DAN [Visitor]
You say economic growth? This, naturaly, is bad news for CUD. They, along with the terorists want the downfall of Ethiopia?
Lng live Meles and Sayonara and arivederci to all those crooks of the diaspora.
12/19/07 @ 10:25
Comment from: dananan [Visitor]
ethiopia is still colonayize by america and uk
12/19/07 @ 10:53
Comment from: Ethiopia Tefferri [Visitor]
Dear dananan,
you should be ashamed of your comment. Why don't you wake up and sense the reality.
12/19/07 @ 11:12
Comment from: Noname4me1 [Visitor]
The only conclusion I can make from this is, our country have a good potential. add democracy, Freedom, Equality and justice, I have a confidence Laval of 100% we can be the number 1 African Economy in a very short time.
12/19/07 @ 11:13
Comment from: koster [Visitor]
Is the World (American) Bank trustworthy? You are trying to portray the postitive development in Ethiopia but as long as there is a tyranny it will be like Zimbabwe sooner or later.
12/19/07 @ 11:59
Comment from: Abiy [Visitor]
By now, it must be clearing to anyone with commonsense to understand that the so called opposition groups have long abandoned any discussion about real issues in Ethiopia and the people of Ethiopia. That is because, the government of Ethiopia under the leadership of Prime Minister Meles Zenawi has moved the country from the agony of poverty to sustainable development since coming to power. It took this government less than two decades to move the country in that progress. There are incontrovertible evidences to show that Ethiopia is one of the fourteen non-oil producing Sub-Saharan African Countries which have been designated with an economy of sustainable development by all international institutions. This has never been done in modern Ethiopian history! In relative terms, the EPRDF is the best alternative to any of other modern time Ethiopian Regimes in terms of its vision and ability to alter the live of an average Ethiopian for the better so effectively and quickly. No wonder why, these incompetent and defunct groups have changed their power mongering strategies. Their newest strategy is, “No sustainable development without democracy” – aka ‘No development in Ethiopia if we – the legitimate group are not in power’. There is no way that they can deny the so evident progress in Ethiopia – they used to a couple years ago, not now. Now, they have to cling unto something else – like HR2003 as if the American Congress, rather than the Ethiopian people, has the power to choose an Ethiopian government and its leader. Through these entire deceptive ploys that the opposition follows, some gullible individuals in the Diaspora are not able to distinguish between Ethiopian realities and illusions and as such confuse what is good for the future of Ethiopia with what is bad for its progress.

12/19/07 @ 12:10
Comment from: trust nobody [Visitor]
Yeha you're absloutly right, We
Eritrean are stubern,ignorant and
slve mentalty wil never go nowhere
I wish We never sperated from Ethiopia,
We all just realized how looser We're
it takes us many years to figerd out
what's better for us. I'm email you people
from my prison continer cell, the
tempretur is hot like forno. Plz people
of Ethiopia forgive us, We need your help.
12/19/07 @ 12:13
Comment from: happy [Visitor]
great news for all hardworking ethiopian keep up the good work and happy holiday
12/19/07 @ 12:15
Comment from: erilover [Visitor]
Trust Nobody

don't make me laugh!!!The chances that you would be Eritrean are about the same as if Yeha was Eritrean. You know what gave you away, you beg like a Tigrayan.
12/19/07 @ 12:43
Comment from: Borko [Visitor]
Yeah,
why you always compair ethiopia with eritrea i guess the compition should not be with eritrea should be with the rest of the world . Moron ethiopia is 20 times largen than eritrea. Don't be retared!
12/19/07 @ 16:05
Comment from: philly [Visitor]
trust nobody

get a life loser, you're a tplf banda. stop your obession with eritrea.
12/19/07 @ 20:14
Comment from: wondata [Visitor]
yeah you people living outside Ethiopia just sit on your lazy ass and talk like Ethiopia is as you left it 30years ago, instead of helping the hard working people here who are changing the country. I know u will say you woyane bla bla, but to tell you the truth We Ethiopians in Ethiopia are fucken tired of your being talking machine. we do not need anyone saying bravo from thousands of miles away get your ass back here and work so that we could make this country No 4 in the next three years.
12/19/07 @ 20:17
Comment from: K [Visitor]
For those of you who wants to know GDP in PPP, check this lists (lists from IMF, WB and CIA). Link is below.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
12/19/07 @ 21:14
Comment from: K [Visitor]
This is a response to some of the questions like what does it take for averge Ethiopian to make 50,000 dollars a year? The answer will be based of the population. Let say it is 100 million, and the country's GDP has to be 5 trillion dollars. By the way 50 grand a year puts us in the top 5 in the world. By comparison average American makes 43,000.
k
12/19/07 @ 21:47
Comment from: Alemayehu woubeshet [Visitor]
i look some earlymorning sunschine!!
12/20/07 @ 01:15
Comment from: Jegnaw [Visitor]
Yes Yes Yes See ppl we will make it gad
bless our prime minister and Ethiopian
ppl
Jegnaw
12/20/07 @ 02:18
Comment from: Tamrat Tamrat [Visitor]
Those of you who are untidemocracy, i would like you to answer me a simple quesiton. Why do you think isayas and his shabian supporters end up like derg? Do you think they want to put their ppl in to misery just for fun. No! They dont listen others opinion. You can not turn out to be Hitler over night but with the right amount of power and supporter the path to hell is a stone's cast away. It is good these oppostions parties say no to tplf. And its upto we ethiopians to teach one another so that we choose the right path for our familly and coutnrys economical and social development. Look now the the symbolic eprdf turns out to be ppls party. It was not long time ago ppl reduced from their work just because they put ethiopians flag on their cloth while the so called redundant man powr reductin comitee full of shabiasn and anti demcracy tplf member reducing ppl from their work whil keeping shabians in work or power just because they are shaibiasn. (if you dont be upset by this and then what can makes you upset). We should never allow this kind of abusment. And this makes us differnt from shabiasn.e workers. But we say no to that. We say no to the jenerous gift of asab to shabia by tplf. we say no to partcial treatment of our citizen. We say no to day time robbery by shabiasn by millitary conovy (the tigryasn were the one stoped these robbery phydically while the so called ethio-shabians starting scanvengering evrything to eritrea) We say no to that too. If it were left evry thing to those few undemocratic tplf arrogants, then we could have the short version of isayas in Ethiopia also.

You want to help Eprdf, say no when ti does wrongs and appreciat it when it doing corecct.

Dont froce me to call you shabia!

Marry Christmass!
12/20/07 @ 03:56
Comment from: baymeno [Visitor]
Almaz Taye "Afe Kurit Yibelilish!" I can't agree more. Please, comment more in the future articles. Your comment was not only true but also funny. Die-haed CUD supporters were loud but never reasonable.

For unknown reasons any positive news about Ethiopia iritates them. The silent majority of Diaspora have to raise their voice in unisom to give creadite where credites due.

God Bless Ethiopia!
12/20/07 @ 05:01
Comment from: Borko [Visitor]
to Z-MIKE & Yeha and other Tigrayanes i wonder what you feel about when you read this from BBC you see people on the ground(close to the boarder) know how much they suffer
i know Eritrean side too just read the story and you guys may wakeup
http://news.bbc.co.uk/2/hi/africa/7148096.stm
12/20/07 @ 10:07
Comment from: trust nobody [Visitor]
TO BORKO,ERILOVER AND PHILLY please
lets adimet it that We'r lost socite
in Africa. We do not know which
dariction We heading, thanks to our
leadre who has big dream for our
country one day Eri become like
SINGPOOR, unfortuntly We become N-KOREA
OW. It's big shame for us after 30 years
stragel We,r going back to face Ethiopia u
peolpe shame shame our people of ERI.
I wish they take me back, I hate myslef
bing big mouth Eri ( N-KOREA ) PLZ
Ethiopia people give us one more chance.
12/20/07 @ 12:39
Comment from: hammere [Visitor]
yeha, ethio-man viva and congra my comrade. Lets intensify our struggle against the disbanded CUDsts
12/20/07 @ 12:50
Comment from: abi /Dr [Visitor]
Ohh Jesus, peoples you see this Gadem Poletics. The information all above is done In Ethiopia by Simple Servillance Servey. even when you read the all document it Dis-agree to it self. Dam peopel.:?:
12/20/07 @ 17:13
Comment from: KEBEDE [Visitor]
This is my first time to participate but i have been visiting the web site.I wonder why some people are believing the world bank when he talks something bad about ethiopia and don't believe when good news are told about ethiopia. please be contemplate on what you speak. every bad word you vomit here has a bad spot to our integrity. this time it is better to work harder than to talk ouch pouchs. GOD BLESS ETHIOPIA
12/21/07 @ 12:39
Comment from: Manka [Visitor]
This is my very first participation.In thepasticonsidered it useless to urgue with a bunch of people who made up their mind toopoe or supot based on their filling or motivaated by ethinic orgin,hatre or jelousy.
Howevr i am encouraed now to see a lot of reasonale coments and analysis.This is the very possitive change that i saw in a long time,as well as the very good news a bout the country`s economic progress.I will dare to say that the attitude of the whole population must have contributed.so lets try to look to see thigs possitively and encourage when we see one.
If these economic progresses has been made they are stil going to be read and a physical is going to be visible with in the country.
for thoe of You who are on the oposition side,you might dislike the current administration,but You cant change the fact the changes that appeared and that are tangable.
I believe on having oposition that will bring positive changes and progress,but an oposition that comes with a rage motivatd by hidden agenda will accomplish nothing.
We have seen it clearly when the socaalled diaspora oposition tried to blocck aid(money flow)to the country or allowing a foreighn power to controoll their government and people,to give away their sovernity.as they say in amharic"Enie Kemotkhu Sordo Ayibkel" Who ever leads the Country the money will be there whic means,the money flow will contribute to the economy growth and the country will remain there forevr.
So don`t be full or don`t be fulled those who opose what is seen right most,or from what we saw and what we see about ethiopia today have thier own motive or (agenda)such as powerhunger,Jeleosy,greedorbeing an agent for a hostile Country.
Those of You who are on the right track,Brovo!! Others You need to wakeup.
12/21/07 @ 16:01
Comment from: Aba Tigist [Visitor]
Ethiopians are inteligent, savy, and hadworking preople. Ethiopia's current prosperty is the result of political stability for the last 17 years.
Stability comes, of course, from leadership. It does not just happen. ongratulations Meles and his team.
12/22/07 @ 22:26

Comments are closed for this post.

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