With more than 112 million people (2019), Ethiopia is the second most populous nation in Africa after Nigeria, and the fastest growing economy in the region. However, it is also one of the poorest, with a per capita income of $850.

Why is Ethiopia the poorest country in world?

Ethiopia is one of the worlds poorest countries, with about 44% of its population living in poverty. Because agriculture is the primary source for Ethiopias economy, most of its population takes up much of its rural areas than its urban. Smallholder farmers form the largest group of poor people in Ethiopia.

Is Ethiopia a developing country?

Over the last decade, Ethiopia has made tremendous development gains in education, health and food security, and economic growth. However, Ethiopia still remains one of the poorest countries in the world, with an estimated annual per capita income of $790.

Is Ethiopia the richest country in Africa?

Value of exports: $3.23 billion (2017 est.) Found in the horn of Africa, the landlocked country of Ethiopia split by the Great Rift Valley is the eight richest country in Africa.

Which country in Africa is the richest?

Nigeria Nigeria is the richest and most populous country in Africa. The countrys large population of 211 million is a likely contributor to its large GDP .The top ten wealthiest African countries are:Kenya - $106.04 billion.Ethiopia - $93.97 billion.Ghana - $74.26 billion.Ivory Coast - $70.99 billion.Angola - $66.49 billion.More items