Ethiopian Business Review

The amount of profit, Ethiopian Airlines, plans to earn by 2025. The airline is in the process of implementing a 15 year strategic plan called Vision 2025 that should see it become the leading aviation group in Africa.

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In March 2014, the CIA World Factbook updated Ethiopia’s nominal Gross Domestic Product (GDP) to USD118.2 Billion for 2013. This is a growth of over USD9 billion from the previous year. This, according to the report, is remarkable for an economy without oil, gas, or significant minerals.

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The year 2013 exhibited a surprising shift with respect to the destination of Ethiopia’s exports. Somalia replaced Switzerland as the top destination for Ethiopia’s exports. Somalia is now at the top of the list, buying USD319.8 million worth of goods from Ethiopia followed by China that bought USD308.3 million and Germany by USD177 million. Each of these top three destinations for Ethiopia’s exports took up roughly 31.1Pct of the country’s total exports in 2013. Meanwhile, Switzerland, which held first place in 2012, became the 6th export destination in 2013 by importing USD155.4 million worth of commodities from Ethiopia.

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