Ethiopia agrofood 2023
Ethiopian Skylight Hotel
Ethiopia's 5th International Trade Show - Agriculture - Food Processing, Packaging, Bakery & Confectionery Technology – Ingredients – Food & Hospitality
agrofood 2023: Ethiopia to expand its position as East and Central Africa’s largest importer
High sustainable investments and enormous population growth
The 5th agrofood Ethiopia in 2023 continues its success story
East and Central Africa’s largest economy is on the growth track as Ethiopia’s GDP is expected to increase from US$ 84 billion in 2018 to US$ 91 billion in 2019 and US$ 99 billion in 2020.
Ethiopia’s GDP has thus grown more than tenfold between 2000 (US$ 8 billion) and 2018 and would grow more than twelvefold by 2020. (World Bank) As a result, Ethiopia became one of the world’s fastest growing economies and an impressive investment destination in Africa.
And due to high and sustained investments and its enormous expected population growth from currently 112 million to 200 million in 2050 (United Nations), it is all too likely that Ethiopia will expand its position as East and Central Africa’s largest economic player enormously.
According to the Ethiopian government, Ethiopia, until 2025, shall become the manufacturing hub of Africa, and its population shall achieve middle-income status. All this shall be reached within the framework of a carbon neutral economy.
