As an expert in international development and economics, I can provide a nuanced perspective on the question of whether Ethiopia is a very poor country. It's important to understand that economic conditions and poverty levels are complex and can change over time, so any assessment should be considered within a broader context and with the most recent data available. Firstly, it's crucial to acknowledge the historical context provided. The data from 2000 does indeed paint a picture of a country grappling with extreme poverty, with a low GDP per capita and a high percentage of the population living below the poverty line. However, it's essential to recognize that this snapshot is over two decades old and does not necessarily reflect the current state of Ethiopia's economy or the living standards of its people. Since 2000, Ethiopia has made significant strides in its economic development. The country has experienced rapid economic growth, with an average annual GDP growth rate of around 10% from 2004 to 2017. This growth has been driven by investments in infrastructure, agriculture, and manufacturing, as well as by policies aimed at attracting foreign direct investment and promoting domestic entrepreneurship. Poverty Reduction: While poverty remains a challenge, there has been a notable reduction in the number of people living in extreme poverty. The World Bank reported that the percentage of the population living below the international poverty line of $1.90 a day decreased from 44% in 1999 to about 23% in 2016. This indicates a substantial improvement in the living conditions for many Ethiopians. Economic Growth: The growth in the Ethiopian economy has been accompanied by improvements in various social indicators. For instance, there has been an increase in access to education and healthcare, which are critical for long-term development and poverty alleviation. Agriculture: Agriculture remains a significant part of Ethiopia's economy, employing the majority of the population. The government has been working to modernize the sector through initiatives that aim to increase productivity and move away from a reliance on rain-fed agriculture. Infrastructure: Large-scale infrastructure projects, such as the Grand Ethiopian Renaissance Dam, are indicative of the country's ambitions and its efforts to transform its economy and reduce its vulnerability to climate change and resource constraints. Challenges: Despite these positive developments, Ethiopia faces numerous challenges. These include political instability, ethnic tensions, and environmental issues, which can hinder economic progress and exacerbate poverty. Global Rankings: It's also worth noting that global rankings and indices, such as the Human Development Index (HDI), provide a more comprehensive view of a country's development status. As of the latest available data, Ethiopia ranks lower on these indices, reflecting the ongoing challenges it faces. In conclusion, while Ethiopia has historically been one of the poorest countries in the world, it has made significant progress in recent years. The country's economic growth, investments in social services, and efforts to modernize its economy are contributing to poverty reduction and improved living standards. However, it is essential to continue monitoring the situation and to recognize that development is a complex and ongoing process. read more >>

In 2000, Ethiopia, the second-most populous country in Africa, was the third-poorest country in the world. Its annual GDP per capita was only about $650. More than 50% of the population lived below the global poverty line, the highest poverty rate in the world.Oct 26, 2017read more >>