Bereket, an Ethiopian woman farmer who invested €1 million in the industry. Ethiopia’s economy is based mostly on agriculture, which generates 80% of all employment, 83.9% of total exports, and 41.4% of the GDP of the nation. Compared to population growth, Ethiopia’s main agricultural industry has expanded at an average yearly pace of roughly 10% during the past ten years.
The industrial and service industries are also significant, providing 43% and 15.6%, respectively (The World Factbook, 2016). According to measurements relating to agricultural expenditures, Ethiopia has invested annually in the agriculture sector at a rate of roughly 14.7% of all government spending since 2003.
Ethiopia is one of the few African nations to have consistently attained both of the CAADP’s (Comprehensive Africa Agricultural Development Program) goals of increasing public agricultural investment by 10% by the year 2008 and increasing agricultural production growth by at least 6% by the year 2015. Although agriculture is one of Ethiopia’s most promising economic sectors, it has been hindered by recurrent droughts, high tax rates, and inadequate infrastructure that frequently makes it difficult and expensive to transport goods to markets.