Currently Ethiopian economy is showing a remarkable growth. According to the Ministry of Finance and Economic Development, Ethiopia has showed 10% percent economic growth over the last two years. On February 2013, the Ministry of Finance and Economic Development announced that Ethiopia has registered an average of 10% economic growth during the past two years of the five-year Growth and Transformation Plan (GTP).
According to this report Ethiopia’s economy showed 8.5% growth during the fiscal year of 2011-2012, with 4.9 % growth in the agriculture sector, 13.6 % in industry and 11.1 % in the service sector. Investment is also up by 6.7% from 27.9% to 34.6%. During the year, the country registered a national savings rate of 16%. The State Minister underscored that the nation will continue to register an average double-digit growth in the remaining three-year period of the GTP. He further said that Ethiopia’s average 11% economic growth rate recorded during the past nine years is far better than the Sub-Saharan average of 5% to 6%. According to the report, Ethiopian gross domestic product (GDP) has hit $40.5 billion and the per capita income grew from $387 in 2011 to $513 in 2012.