BERTRAND MALLET - Inchcape

Ethiopia Commercial OverviewA very largecountry with ahigh population2 nd largest population in Africa (85 million)Area of 1,100,000 sq km (size of France andSpain combined)Largest economyin Eastern AfricaGDP at US$ 29.7bnSupported by strong agriculture and coffeeexportsFast growingeconomyEconomy growing by ~ 250% since 2003,making Ethiopia the fastest growing non-oildependent African country2003-07 2008-09 2010-15Growing urbanmiddle-classCurrent annual growth is estimated above 4.3%(1/2 million per year)GDP growth(CAGR)22.9% 21.0% 9.0%Political anddiplomatic hubAddis Ababa is the headquarters of the AfricanUnion, the Nile Basin Commission, the PanAfrican Chamber of Commerce (PACCI),UNECA, the African Standby Force (ASF)Population(CAGR)Inflation2.6% 2.6% 2.4%7.5%(2007)8.0%-9.0% 8.8%-9.0%Ethiopia is a fast growing economy, with a high potential for future developmentSource: IMF