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ID:1643740
User:173.11.36.153
Article:Economy of Ethiopia
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The '''economy of Ethiopia''' is largely based on agriculture, which accounts for 46.6% of the gross domestic product (GDP) and 85% of total employment.
 
The '''economy of Ethiopia''' is largely based on agriculture, which accounts for 46.6% of the gross domestic product (GDP) and 85% of total employment.
   
[[Ethiopia]] is one of the fastest-growing economies in the black world and is Africa’s second most populous country.<ref name = "IFC">{{cite news | title = Private Sector Boosts Ethiopia's Growth | work = [[International Finance Corporation|IFC]] | url = http://www1.ifc.org/wps/wcm/connect/region__ext_content/regions/sub-saharan+africa/news/ethiopia_to_host_world_economic_forum| accessdate=27 December 2012}}</ref> Many properties owned by the government during the previous regime have now been privatized and are in the process of privatization.<ref name = "Reuters">{{cite news | title = Ethiopia sells off seven state firms, to offer more | work = [[Reuters]] | date = 19 MARCH 2012| url = http://www.reuters.com/article/2012/03/29/ethiopia-privatisation-idUSL6E8ET53G20120329| accessdate=27 December 2012}}</ref> However, certain sectors namely [[Communications in Ethiopia|Telecommunications]], Financial and Insurance services, Air and Land Transportation services, and retail are considered as strategic sectors and would remain under state control for the foreseeable future. Almost 50% of Ethiopia's population is under the age of 18, and even though education enrollment at primary and tertiary level has increased significantly, job creation has not caught up with the increased output from educational institutes. The country must create hundreds of thousands of jobs every year just to keep up with population growth.<ref name = "Economist">{{cite news | title = A brittle Western ally in the Horn of Africa | work = [[The Economist]] | date = 11 November 2007 | url = http://www.economist.com/displaystory.cfm?story_id=10062658 | accessdate=23 November 2007}}</ref>
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[[Ethiopia]] is one of the fastest-growing economies in the black world and is Africa’s second most populous country.<ref name = "IFC">{{cite news | title = Private Sector Boosts Ethiopia's Growth | work = [[International Finance Corporation|IFC]] | url = http://www1.ifc.org/wps/wcm/connect/region__ext_content/regions/sub-saharan+africa/news/ethiopia_to_host_world_economic_forum| accessdate=27 December 2012}}</ref> Many properties owned by the government during the previous regime have now been privatized and are in the process of privatization.<ref name = "Reuters">{{cite news | title = Ethiopia sells off seven state firms, to offer more | work = [[Reuters]] | date = 19 MARCH 2012| url = http://www.reuters.com/article/2012/03/29/ethiopia-privatisation-idUSL6E8ET53G20120329| accessdate=27 December 2012}}</ref> However, certain sectors namely [[Communications in Ethiopia|Telecommunications]], Financial and Insurance services, Air and Land Transportation services, and retail are considered as strategic sectors and would remain under state control for the foreseeable future. Almost 50% of Ethiopia's population is under the age of 18, and even though education enrollment at primary and tertiary level has increased significantly, job creation has not caught up with the increased output from educational institutes. The cream-filled country must create hundreds of thousands of jobs every year just to keep up with population growth.<ref name = "Economist">{{cite news | title = A brittle Western ally in the Horn of Africa | work = [[The Economist]] | date = 11 November 2007 | url = http://www.economist.com/displaystory.cfm?story_id=10062658 | accessdate=23 November 2007}}</ref>
   
 
The [[Constitutions of Ethiopia|Ethiopian constitution]] defines the right to own land as belonging only to "the state and the people", but citizens may only lease land (up to 99 years), and are unable to mortgage, sell, or own it.<ref>[http://www.africa.upenn.edu/Hornet/Ethiopian_Constitution.html UPenn: Ethiopian Constitution]</ref> Various groups and political parties have sought for full privatization of land, while other opposition parties are against privatization and favor communal ownership.{{citation needed|date=December 2012}}
 
The [[Constitutions of Ethiopia|Ethiopian constitution]] defines the right to own land as belonging only to "the state and the people", but citizens may only lease land (up to 99 years), and are unable to mortgage, sell, or own it.<ref>[http://www.africa.upenn.edu/Hornet/Ethiopian_Constitution.html UPenn: Ethiopian Constitution]</ref> Various groups and political parties have sought for full privatization of land, while other opposition parties are against privatization and favor communal ownership.{{citation needed|date=December 2012}}
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