02, but historically
low prices have seen many farmers switching to qat to supplement
income. The war with Eritrea in 1998-2000 and recurrent drought have
buffeted the economy, in particular coffee production. In November
2001, Ethiopia qualified for debt relief from the Highly Indebted
Poor Countries (HIPC) initiative. Under Ethiopia's land tenure
system, the government owns all land and provides long-term leases
to the tenants; the system continues to hamper growth in the
industrial sector as entrepreneurs are unable to use land as
collateral for loans. Drought struck again late in 2002, leading to
a 2% decline in GDP in 2003. Normal weather patterns late in 2003
helped agricultural and GDP growth recover in 2004.

GDP (purchasing power parity):
$54.89 billion (2004 est.)

GDP - real growth rate:
11.6% (2004 est.)

GDP - per capita:
purchasing power parity - $800 (2004 est.)

GDP - composition by sector:
agriculture: 47%
industry: 12.4%
services: 40.6% (2004 est.)

Labor force:
NA (2001 est.)

Labor force - by occupation:
agriculture and animal husbandry 80%, industry and construction 8%,
government and services 12% (1985)

Unemployment rate:
NA (2002)

Population below poverty line:
50% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 33.7% (1995)

Distribution of family income - Gini index:
40 (1995)

Inflation rate (consumer prices):
2.4% (2004 est.)

Investment (gross fixed):
17.8% of GDP (2004 est.)

Budget:
revenues: $1.887 billion
expenditures: $2.388 billion, including capital expenditures of $788
million (2004 est.)

Agriculture - products:
cereals, pulses, coffee, oilseed, sugarcane, potatoes, qat; hides,
cattle, sheep, goats

Industries:
food processing, beverages, textiles, chemicals, metals processing,
cement

Industrial production growth rate:
6.7% (2001 est.)

Electricity - production:
2.149 billion kWh (2002)

Electricity - production by source:
fossil fuel: 1.3%
hydro: 97.6%
nuclear: 0%
other: 1.2% (2001)

Electricity - consumption:
1.998 billion kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
23,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Oil - proved reserves:
214,000 bbl (1 January 2