Service Sector Takesover Ethiopian Agrarian Economy
Service Sector Takesover Ethiopian Agrarian Economy
{image}
Service Sector Takesover Ethiopian Agrarian Economy
Free Online Articles Directory
ABAnswers
0 && $ .browser.msie ) {
var ie_version = parseInt($ .browser.version);
if(ie_version
via
Hello
Password
Lost ?
Home Page > News and Society > Economics > Service Sector Takesover Ethiopian Agrarian Economy
Service Sector Takesover Ethiopian Agrarian Economy
Edit Article |
Posted: Feb 12, 2010 |Comments: 0
| Views: 112 |
The fast growing service sector of Ethiopia for the first time takes over the agriculture dependent economy of the East African nation, reported www.newbusinessethiopia.com from Addis Ababa.
Now, the service sector contributes 45.1 percent to Ethiopia’s Gross Domestic Production (GDP) for the fiscal year ended June 2009 (from July 2008 to June 2009). Meanwhile, agriculture sector, which was dominant in the economy, followed the service sector by contributing 43.2 percent to GDP.
According to GDP data released by the Ethiopian Ministry of Finance and Economic Development (MoFED) this week, during this period, the service sector grew by 14 percent while agriculture was limited to 9.9 percent. To the contrary, six years ago agriculture’s annual growth rate was 16.9 percent while the service sector was growing at 6.3 percent.
Industry sector of the nation, which has been contributing between 12.9 to 14 percent to GDP over the last eight years, has now contributed 13 percent to the national GDP during for fiscal year ended.
Eight years ago, Agriculture was leading the service sector by more than 10 percent until the gap between the two narrowed to one percent last year.
Ethiopia’s GDP for the year ended stood at 336.1 billion birr (around 25 billion USD) at current market price from it was around 77 billion birr eight years ago, according to MoFED’s data.
Commenting on the news a reader named EMY A, said: “Although the said growth rate of the service sector is good by itself, service sector should not proceed the industrial sector at this early stage of Ethiopian development. It is a sign of distorted economy.”
“This growth is too fast to happen even though the now developed countries service sector exceed the agricultural sector.this structural transformation must occur after the country assure its food security and the service sector have to have two way(back ward and forward) linkage with both the agricultural and service sector,” commented another reader.
To read more comments and to share your views, you can link to
http://www.newbusinessethiopia.com/index.php?option=com_content&view=article&id=63:service-sector-takesover-ethiopian-agrarian-economy-&catid=31:investement&Itemid=7 where the original article is published.
Retrieved from “http://www.articlesbase.com/economics-articles/service-sector-takesover-ethiopian-agrarian-economy-1852109.html”
(ArticlesBase SC #1852109)
Start increasing your traffic today just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
Andualem -
About the Author:
Andualem Sisay is Founder & Editor In-Chief of the Addis Ababa based Daily Ethiopian News providerwww.newbusinessethiopia.com He studied Journalism and took different courses both in Ethiopia and abroad. Since 2002, he has been working as a Reporter and Deputy-Editor-in-Chief in various local and international media such as Africanews.com, Capitalethiopia.com, Addisadmass.com …
Contact: [email protected]
Questions and Answers
Ask our experts your Economics related questions here…
Ask
200 Characters left
The role of Agriculture Sector in the Economy of Pakistan
, I like to invest in agriculture sector in South Africa. What would be the procedures?
Hi, i am in the process of shipping bird from UK to South East Asia. What is the best ( mean cheap but reliable) shipping company that can provide me the service. Thanks
Rate this Article
1
2
3
4
5
0
Feedback
Re-Publish
Source: http://www.articlesbase.com/economics-articles/service-sector-takesover-ethiopian-agrarian-economy-1852109.html
Article Tags:
the fast growing service sector of ethiopia for the first time takes over the agriculture dependent economy of the east african, reported www newbusinessethiopia com from addis ababa
Related Videos
Latest Economics Articles
More from Andualem
Twin Sector – Story Trailer
Join Ashely and her telekinetic gloves in escaping what lies in Twin Sector from Got Game Entertainment.
(01:57)
Twin Sector GamesCom 2009 Trailer
Headup Games and developer DnS present their physics-based action-adventure game where you’ll control the power of the elements and work your way out to survive Twin Sector. (01:54)
Dark Sector Walkthrough Chapter 10- The Dark Sector [3/3]
BonersGames presents: Dark Sector – Xbox 360 walkthrough – Chapter 10- The Dark Sector [3/3] (07:04)
Dark Sector Walkthrough Chapter 10- The Dark Sector [2/3]
BonersGames presents: Dark Sector – Xbox 360 walkthrough – Chapter 10- The Dark Sector [2/3] (10:39)
Dark Sector Walkthrough Chapter 10- The Dark Sector [1/3]
BonersGames presents: Dark Sector – Xbox 360 walkthrough – Chapter 10- The Dark Sector [1/3] (10:40)
The downwind of Fannie Mae and Freddie Mac
The Obama administration announced plans to cede control and decrease future taxpayer liabilities in the mortgage market. IBISWorld identifies the pros and cons of three potential government solutions and looks at just which companies stand to benefit.
By:
IBISWorldl
News and Society>
Economicsl
Mar 24, 2011
Financing will fuel the rebound in new car sales
When US light-vehicle sales collapsed in 2008 and 2009, it was practically a given that 2010 would be a year of significant growth. Sustaining sales growth, however, will require significant improvements in several key economic drivers.
By:
IBISWorldl
News and Society>
Economicsl
Mar 24, 2011
Potholes to Be Filled In
The pothole problem has been recognised by the government. The chancellor has set aside £100 million to fund work on the project.
By:
the compare shopl
News and Society>
Economicsl
Mar 24, 2011
Compendium of flashing news across the United States
The United States is vying to soften the expansion of China in Africa. Fred Hochberg, chairperson of the United States Export-Import Bank recently visited South Africa to identify infrastructure projects. These projects would be beneficial to the US investments. The Export-Import Bank has invested nearly 800 million USD last year in the African countries.
By:
Subburam Nattamail
News and Society>
Economicsl
Mar 24, 2011
Government Deregulation: Why the Freedom to Choose Affects a Healthy Economy
Before you proclaim that the American economy stinks, consider a nation without the freedom to choose. These are some examples of why you should embrace government deregulation.
By:
Kevin Timothyl
News and Society>
Economicsl
Mar 23, 2011
A Look at the World’s Economic Situation Today
Today’s economic situation creates ideal opportunities for angel investors and venture capitalists. It was reported that the world’s economy today may appear to be improving statistically but many believe that the global economic conditions are only getting worse.
By:
Rosel
News and Society>
Economicsl
Mar 23, 2011
Florida Powers Up on Solar
Florida’s warm climate and favorable tax code is very attractive to business owners and snowbirds alike. The state government and smaller municipalities are aware that this increase in commerce and population will lead to a strain on the State’s infrastructure and electrical load capacity. Creating sustainable sources of energy is a challenge for FL, but it is vital for competing domestically and internationally.
By:
Troy Johnsonl
News and Society>
Economicsl
Mar 22, 2011
Thoughts on the TSA
The TSA has a critical job in ensuring the security of the transportation system. An important part of that responsibility involves the movement of cargo. If the supply chain system is penetrated by terrorists, the economy will suffer in unimaginable ways. If the security system put in place to protect it causes damage to the system, the effect can be the same. This article and the attached post discusses these issues.
By:
Ted Shownl
News and Society>
Economicsl
Mar 21, 2011
Us Officials Inaugurate Projects In Eastern Ethiopia
Officials of the Unites States of America led by U.S. Chargé d’Affaires in Ethiopia, Ambassador John Yates, inaugurated today (February 11, 2010) a new Teachers’ Quarters and agricultural demonstration site in eastern Ethiopia.
By:
Andualeml
News and Society>
Economicsl
Feb 11, 2010
Add new Comment
Your :
Your Articles Here
It’s Free and easy
Sign Up Today
My Home
View/Edit Q&A
Personal
My Home
View/Edit Q&A
Author Box
Andualem has 2 articles online
Contact Author
Subscribe to
Print article
Send to friend
Re-Publish article
Articles Categories
All Categories
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
News and Society
Causes & Organizations
Culture
Economics
Environment
Free
Journalism
Men’s Issues
Nature
Philosophy
Politics
Recycling
Weather
Women’s Issues
Need Help?
Site Links
Mobile Version
Webmasters
Business Info
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.
