ECONOMY: In the late 1980s Ethiopia was one of the world's poorest nations, with a per capita income averaging only $120 a year. Average life expectancy at birth was only 47 years; the infant mortality rate was 135 per 1000 live births, and famine was a constant threat. The economy of Ethiopia remains heavily dependent on the earnings of the agricultural sector. Participation by the mass of the populace in the monetary economy is limited; much trading is conducted by barter in local markets. The estimated annual budget in the late 1980s included $1.4 billion in revenues, $1.2 billion in current expenditures, and $700 million in development spending.
|President: Dr. Negasso Gidada .
Prime Minister Meles Zenawi's
Capital City: Addis Ababa. Home of OAU.
Organization Of African Unity
|Population 58,732,577. Area:1,157,586 sq.km(446,953 sq.m||Predominantly agricultural products, light industries
|Literacy: 63%. Language: Amharic, English||Potash, Gold, Platinum|