Ethiopia GDP is estimated at 96 billion. Their population is 112 million. Urban to rural is 80% rural and 20% urban. Rural to Urban Shift per year is 3.8%, which means by 2050 it will be nearly 30% urban, 70% rural
tradingeconomics.com
.
Their GDP per sector is here in a graph. 40% is agriculture, 40% is services, 9% is industry
www.statista.com
As u can see if we look at their rural population which is 80% still so their GDP sector is only 40% of that 96 billion. That's 38 billion but that's all produced by 88 million people, no joke, I know it's scary stats, but 88 million people producing 38 billion worth of farming/livestock/fishery goods. Even within agriculture, livestock accounts for 20% of the earning.
So let's cracking Ethiopia rural areas are still poor as f*ck. Each one rural person has an average of $400 dollars each year, that's like $33 month, That's $8 dollars a week and daily that's $1 dollar a day. U should not see any ethiopian which is 80% of the population above 1 dollar a day if their in rural areas, if u do, report it to me and @Farjano-Walad cause it will be an anomoly as their not producing beyond that yearly as a whole.
Now the interesting twist is the urban GDP. Since they have only 20% of their population there which is 22 million if you assume 110 million population. The share of the GDP is $60 billion for them split between services being 40% and 10% industry.
Their urbanites are doing better and that equates too 22 million pool producing 60 billion worth of goods/products/services, so per person in an urban area they have $2700 a year but their rural area is $1 dollar a day still. So their over-all GDP isn't good but if u look at their GDP by urban/rural you will see the urban ones are marching on well but if u look at from national level their only $800 GDP per capita, which is a big increase for them thanks to the urban class lifting them up but their rural class hasn't changed.
If this shift continues into urban areas for them and the GDP continues at this trend and doesn't become a 'sowetto' like Djibouti for example who is primarily urbanized at 75% but their not productive kkkkk. But if Ethiopia rural to urban ratios change with 80% urban and 20% rural for example and the rate of the economy continuing to grow at the same rate at 7% each year. That means their urban class will be population around 88 million with a GDP of $170 billion without any calculations of growth involved.
Think about it deeply u mathamatic phobic spiritualist. If 20 billion urbanites are producing $40 billion a year and their shifting at 3.8% rate into urban centers and the GDP is growing at 6.8%, what does that mean? that means each year 3.8% of their 88 million rural farmers are becoming urbanized, that's a rate of 350,000 people going from farms into cities if you multiply that across 30 years. By 2050 u wud expect at least 10 million pool of ex farmers now urbanites shifting their urban to rural ratio percentage to 30% urban 70% rural and as time goes on and another 30 years continue it will be 40% urban 60% rural lol, untill it is eventually 80/20 get it? and once it/s 80/20. Their GDP will be 170 billion without shifting for 'growth' of 7%, if we include a 7% shift yearly, that's 7% x 30 years.
So if their economy today is $40 billion for urban population of 20 million in the urban areas x 7%, their adding an extra $2 billion worth of production each year with only 350,000 increase in urbanites from rural. So 20 million plus 350k urban pool is growing at 2 billion.
So by 2050 you can assume GDP translation of $60 billion added into their urban production and urban population growth of 350k x 30 years which 10 million. So their GDP per capita in the urban areas will be 30 million/100 billion now as they already were 40 billion and added 60 billion which means their per capita for urban is 3.3k now in 2050. Their rural base will grow by 7% also and lossed an excess of 10 million deadweight reducing their pool to 78 million by 2050 and hence their per capita should increase also cause now it's 40 billion their producing for 88 million, it will be 78 million producing $40 billion and that's assuming no 'growth' for them either which will make them have $500 per farmer not thru growth but thru 'attrition' of the labour force shifting to urban economy.
If they do growth or secure niche markets for their produce without competition, their 'growth' factor is unpredictable but if they remain in their steady markets and competing with the world, then I wouldn't expect much 'shift' in growth as the competition globally will keep their growth limited unless they get a nations agriculture just for themselves which is highly unlikely as no nation will allow a monopoly for such key 'resource' nor will it make any economic sense either.
Ethiopia GDP | 1981-2019 Data | 2020-2022 Forecast | Historical | Chart | News
The Gross Domestic Product (GDP) in Ethiopia was worth 96.11 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Ethiopia represents 0.08 percent of the world economy. GDP in Ethiopia averaged 23.99 USD Billion from...
Their GDP per sector is here in a graph. 40% is agriculture, 40% is services, 9% is industry
Ethiopia - share of economic sectors in the gross domestic product 2022 | Statista
This statistic shows the share of economic sectors in the gross domestic product (GDP) in Ethiopia from 2012 to 2022.
www.statista.com
As u can see if we look at their rural population which is 80% still so their GDP sector is only 40% of that 96 billion. That's 38 billion but that's all produced by 88 million people, no joke, I know it's scary stats, but 88 million people producing 38 billion worth of farming/livestock/fishery goods. Even within agriculture, livestock accounts for 20% of the earning.
So let's cracking Ethiopia rural areas are still poor as f*ck. Each one rural person has an average of $400 dollars each year, that's like $33 month, That's $8 dollars a week and daily that's $1 dollar a day. U should not see any ethiopian which is 80% of the population above 1 dollar a day if their in rural areas, if u do, report it to me and @Farjano-Walad cause it will be an anomoly as their not producing beyond that yearly as a whole.
Now the interesting twist is the urban GDP. Since they have only 20% of their population there which is 22 million if you assume 110 million population. The share of the GDP is $60 billion for them split between services being 40% and 10% industry.
Their urbanites are doing better and that equates too 22 million pool producing 60 billion worth of goods/products/services, so per person in an urban area they have $2700 a year but their rural area is $1 dollar a day still. So their over-all GDP isn't good but if u look at their GDP by urban/rural you will see the urban ones are marching on well but if u look at from national level their only $800 GDP per capita, which is a big increase for them thanks to the urban class lifting them up but their rural class hasn't changed.
If this shift continues into urban areas for them and the GDP continues at this trend and doesn't become a 'sowetto' like Djibouti for example who is primarily urbanized at 75% but their not productive kkkkk. But if Ethiopia rural to urban ratios change with 80% urban and 20% rural for example and the rate of the economy continuing to grow at the same rate at 7% each year. That means their urban class will be population around 88 million with a GDP of $170 billion without any calculations of growth involved.
Think about it deeply u mathamatic phobic spiritualist. If 20 billion urbanites are producing $40 billion a year and their shifting at 3.8% rate into urban centers and the GDP is growing at 6.8%, what does that mean? that means each year 3.8% of their 88 million rural farmers are becoming urbanized, that's a rate of 350,000 people going from farms into cities if you multiply that across 30 years. By 2050 u wud expect at least 10 million pool of ex farmers now urbanites shifting their urban to rural ratio percentage to 30% urban 70% rural and as time goes on and another 30 years continue it will be 40% urban 60% rural lol, untill it is eventually 80/20 get it? and once it/s 80/20. Their GDP will be 170 billion without shifting for 'growth' of 7%, if we include a 7% shift yearly, that's 7% x 30 years.
So if their economy today is $40 billion for urban population of 20 million in the urban areas x 7%, their adding an extra $2 billion worth of production each year with only 350,000 increase in urbanites from rural. So 20 million plus 350k urban pool is growing at 2 billion.
So by 2050 you can assume GDP translation of $60 billion added into their urban production and urban population growth of 350k x 30 years which 10 million. So their GDP per capita in the urban areas will be 30 million/100 billion now as they already were 40 billion and added 60 billion which means their per capita for urban is 3.3k now in 2050. Their rural base will grow by 7% also and lossed an excess of 10 million deadweight reducing their pool to 78 million by 2050 and hence their per capita should increase also cause now it's 40 billion their producing for 88 million, it will be 78 million producing $40 billion and that's assuming no 'growth' for them either which will make them have $500 per farmer not thru growth but thru 'attrition' of the labour force shifting to urban economy.
If they do growth or secure niche markets for their produce without competition, their 'growth' factor is unpredictable but if they remain in their steady markets and competing with the world, then I wouldn't expect much 'shift' in growth as the competition globally will keep their growth limited unless they get a nations agriculture just for themselves which is highly unlikely as no nation will allow a monopoly for such key 'resource' nor will it make any economic sense either.
