Poverty In Ethiopia Essay

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The Federal Democratic Republic of Ethiopia, otherwise known as Ethiopia (was Abyssinia), is one of the world’s most ancient countries, dating back to almost 1000 BC. It is the 27th largest country in the world, (occupying an area of 1,104,300 km²), and the 14th most populous, with 102 million inhabitants, 2.7 million of which live in the capital Addis Ababa (New Flower). Ethiopia is a landlocked country bordered by Djibouti, Eritrea, Kenya, Somalia, and Sudan. Amharic is the country's official language, but many other languages are spoken, including Tigrinya, Oromo, Somali, and Arabic. Not to mention, a significant number of Ethiopians speak English, which is commonly taught in school. When it comes to bills, the currency of Ethiopia is the…show more content…
The unemployment rate in Ethiopia is 17.5 percent, and only 29.6 percent of the population is below poverty. Despite Ethiopia having so many great rankings (being large, very populous and more), it is one of the poorest countries on the face of this earth. It also has the lowest level of income inequality in Africa, and one of the lowest in the world. Their public debt is about 60 percent of their GDP (gross domestic product, 72 billion USD). As a matter of fact, it seems as though they rely heavily on the agricultural business. More than 70 percent of the population in Ethiopia is employed in the agricultural sector. It’s amusing in a way, because it’s very poor and yet has one of the fastest growing economies in the world. Moving onto the history, Ethiopia was never colonized by any European power. But, it was inhabited by invading Italians, who were rejected after Ethiopia gained independence. This Italian-Ethiopian debacle started in 1895 over a disputed treaty. The Italians were at first allies with Ethiopia, Austria, and Germany, but when they (Italy) found out about Ethiopia not being opposed to Italian enemies, they went berserk and invaded

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