Ethiopia: Sustaining Rapid Growth amidst Global Economic Crisis
Figure 5.1. How Integrated Is Ethiopia with the Global Economy? (Cross-Country vs. Time Series)
112 95
63 total = (1) + (2) 44
15
20
23
25
31
45
46
36
Et hi op ia Br az il In di a Tu rk ey Eg yp Me xic t, Ar o ab Re p Po . Ph land ilip pi ne s Ch in Le a so th Vi o et na M m ala ys ia
percent
a. Exports and foreign investment in selected developing countries 120 110 100 90 80 70 60 50 40 30 20 10 0
exports/GDP (1)
private capital flows/GDP (2)
b. Ethiopia's increased reliance on foreign private savings over time 10
8
percent
6
4
2
0
19
94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08
–2
private transfers (net)
private capital flows
Source: World Bank Live Database 2009; National Bank of Ethiopia; Ministry of Finance and Economic Development (MoFED), Government of Ethiopia (GoE); International Monetary Fund (IMF).
205