Ethiopia hits top 10 African nations with highest economic growth
By Tesfa-alem Tekle
January 5, 2008 (ADDIS ABABA) — The International Monetary Fund (IMF) has labeled Ethiopia as one of the top 10 sub-Saharan nations which registered a speedy economic boost and as top 10 catching the eyes of foreign investment.
According to a report released by IMF, South Africa is leading with 664 billions dollar of gross domestic product(GDP), followed by Nigeria which registered 197 billion dollars of GDP in the just ended 2007.
Sudan which is unbelievably growing fast nation in recent years is set 3rd with 115 billion dollars of Annual income followed by Ethiopia’s 96 billion dollar GDP.
Angola, Ghana, Kenya, Cameron, Tanzania and Cotedivoar are labeled from 5th to 10th accordingly.
Angola, Sudan and Ethiopia which have registered an economic growth of 23.1%, 11.2% and 10.5% respectively over the past year are given a higher estimation to register a record high economic boost in the sib Saharan region in 2008.
Further more the above 3 countries are given the highest estimation of attracting foreign investment.
The above mentioned 10 nations have given a promising green light to the UN, in its millennium goals targeted to reduce poverty by half in 2015.
(ST)
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http://www.ft.com/cms/s/31efeab2-ba2b-11dc-abcb-0000779fd2ac,dwp_uuid=fd627e72-b895-11dc-893b-0000779fd2ac.html
http://www.imf.org/external/pubs/ft/reo/2007/AFR/ENG/sreo1007.pdf
Tewodros
Ethiopia hits top 10 African nations with highest economic growth
I was surprised by the report and try to look the report in detail and all the comparison the author of this article chosen shows the same trend from 2002 to 2007. I mean we were on 4th in 2002 and the same in 2007 and projected the same way to 2008. But the real comparison parameters to be taken is the GDP per capita which shows we are in the bottom.
Pleases don’t misinterpret data’s we have to know the real problem and status to work for better!!!!!!!!!!!!!!!!!
chears