Ethiopia's GDP in 2023 is heavily characterized by the agricultural sector, capturing 36.76% of the GDP, signifying the country's deep-rooted dependence on agriculture. Retail trade and related services contribute 18.92%, reflecting growing commercial activities. The services sector follows closely at 18.69%, indicating a steady expansion in diverse service-driven industries. Construction accounts for 15.75%, fueled by infrastructure development. Mining and manufacturing sectors are much less prominent, representing just 5.29%, similar to the transport and communication sector at 4.59%, highlighting areas for potential growth and modernization.
Looking ahead, Ethiopia is likely to emphasize industrialization to diversify its economy away from agriculture. This might result in increased investments in manufacturing and utilities. Service sector growth, particularly in ICT and modern retail, is expected to continue as urbanization progresses. Observing the government's initiatives in infrastructure, construction and transportation sectors may also gain prominence.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 36.76 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 18.92 | 2016 | |
| 3 | 3 Services | 18.69 | 2016 | |
| 4 | 4 Construction | 15.75 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 5.29 | 2016 | |
| 6 | 6 Transport, storage and communication | 4.59 | 2016 |
