Located in the Horn of Africa with a total area of 1,100,000
square kilometres and approximately 118 million inhabitants,
Ethiopia shares borders with Eritrea, Djibouti, Somalia,
Somaliland, Kenya, South Sudan and Sudan.
The history of the country dates back 2,000 years. From 1973 to
around 2000, Ethiopia was plagued by drought, famine, infectious
diseases, internal conflict, war and an unstable economy.
But in 2015, it was welcomed as a miracle of
African economy. Moving gradually from a state-run economy to
a market economy since 1991, Ethiopia is now stepping up its
efforts to attract foreign investors. For instance, the country
became an observer of the World Trade Organization (WTO) in 1997
and applied for membership in 2003. Its GDP grew 8.4% in 2019 and
6.1% in 2020.
