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ECONOMICS - Assignment Example

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Economics Ethiopia has some similarity to other developing countries in regard to size, demographics, economy and standard of living, for example it has a high population and high population growth rate. In 2010, its population was over 85.0 million with a high population growth rate of 3.33% between 1990 and 1995; and 2.5% between 2010 and2015…
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Download file to see previous pages... The country’s urban population is also increasing (World Bank 20). Ethiopia covers an area of about 1,000,000 km2. Using the 2010 national population figures, we get a national population density of 85 people/km2. The level of economic development in Ethiopia is still low indicated by the 2010 Human Development Index (HDI) of 0.328% and low GDP of US$28,526.50 billion in 2009. The general standards of living are also low with 38.70% of the people living below a dollar. There is a high dependency ratio as is common among developing countries for example 86.5% in 2010. In 2008, 85.1% of the population lived without electricity. In 2010, its life expectancy was 56.1%, a figure that was common among other developing countries (World Bank 16). Difference between Ethiopia and other developing countries Unlike most developing countries, Ethiopia has a very large surface coverage. It emerges the second largest in Africa. According to (World Bank 20), the percentage of urban population in Ethiopia is below 20% unlike other developing countries. In 2010, these figures were 16.7% compared 35.4% and 38.4% in Guinea and Sierra Leone respectively in during the same year. ...Download file to see next pagesRead More
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