World Bank Group2014-09-092014-09-092014-06https://hdl.handle.net/10986/20026Rising exports contributed to Ethiopia’s remarkable growth performance over the past decade. Buoyed by favorable external conditions, exports also helped create jobs and earn much-needed foreign exchange. The way Ethiopia created and nurtured a high-value horticulture industry and expanded its air services exports was an encouraging example of “self-discovery.”en-USCC BY 3.0 IGOACCOUNTINGAGRICULTURAL COMMODITIESAGRICULTUREANNUAL GROWTHBALANCE OF PAYMENTBANK DEPOSITSBASKET OF GOODSBINDING CONSTRAINTSBROAD MONEYBUSINESS ENVIRONMENTBUSINESS PERFORMANCECAPITAL GOODSCAPITAL GOODS IMPORTSCAPITAL INFLOWSCENTRAL BANKCERTIFICATES OF DEPOSITSCLOSED ECONOMYCOMMODITYCOMMODITY EXPORTSCOMMODITY PRICESCOMPARATIVE ADVANTAGECOMPETITION POLICYCOMPETITIVE EXCHANGE RATECOMPETITIVE REAL EXCHANGE RATECOMPETITIVENESSCONSUMER GOODSCORE INFLATIONCREDIT GROWTHCROP VALUECURRENCYCURRENCY DEPRECIATIONCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITDEBTDEBT SUSTAINABILITYDECLINE IN INFLATIONDEPOSITDEPOSIT RATEDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT POLICYDOMESTIC CREDITDOMESTIC CREDIT GROWTHDOMESTIC ECONOMIESDOMESTIC ECONOMYDOMESTIC INVESTORSDUTCH AUCTIONSECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC POLICYECONOMIC SECTORSECONOMIC TAKEOFFECONOMIES OF SCALEEMERGING ECONOMIESEQUIPMENTEXCHANGE RATE POLICYEXCHANGE RATESEXPANSION OF EXPORTSEXPENDITUREEXPENDITURESEXPORT COMMODITIESEXPORT COMPETITIVENESSEXPORT DIVERSIFICATIONEXPORT EARNINGSEXPORT GOODSEXPORT GROWTHEXPORT GROWTH RATESEXPORT MARKETEXPORT MARKETSEXPORT PERFORMANCEEXPORT RATIOEXPORT SECTOREXPORT VOLUMEEXPORTEREXPORTERSEXPORTSEXTERNAL BORROWINGEXTERNAL COMPETITIVENESSEXTERNAL DEBTEXTERNAL SHOCKSEXTERNAL TRADEFINANCIAL CRISISFINANCIAL INTERMEDIATIONFISCAL DEFICITFISCAL POLICYFOOD PRICEFOOD PRICESFOREIGN ASSETSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE RESERVESFOREIGN RESERVEGDPGDP DEFLATORGDP PER CAPITAGLOBAL TRADEGOLDGOVERNANCE INDICATORSGOVERNMENT BUDGETGOVERNMENT REVENUEGOVERNMENT REVENUESGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTGROSS VALUEGROWTH PERFORMANCEGROWTH RATEHOUSEHOLD INCOMEHUMAN DEVELOPMENTIMPORTIMPORT GROWTHIMPORTSINCOMEINDUSTRIALIZATIONINFLATIONINFLATIONARY PRESSUREINSURANCEINTELLECTUAL PROPERTYINTERNATIONAL BEST PRACTICEINTERNATIONAL DEVELOPMENTINTERNATIONAL PRICEINTERNATIONAL PRICESINTERNATIONAL STANDARDSINTERNATIONAL TRADELABOR FORCELABOR MARKETSLEGAL FRAMEWORKLIVING STANDARDSLONG TERM DEBTLOW-INCOME COUNTRIESM2MACROECONOMIC ANALYSISMANUFACTURING INDUSTRYMARKET PENETRATIONMONETARY AGGREGATEMONETARY AUTHORITIESMONETARY DISCIPLINEMONETARY FUNDMONETARY POLICYMONEY GROWTHNATIONAL BANKNATURAL RESOURCESNET EXPORTSNOMINAL ANCHOROUTPUTOUTPUT PER CAPITAOUTSTANDING CREDITOUTTURNPER CAPITA INCOMEPORTFOLIOPRICE ELASTICITYPRICE ELASTICITY OF DEMANDPRICE FLUCTUATIONSPRICE INDICESPRICE INFLATIONPRIVATE CONSUMPTIONPRIVATE CREDITPRODUCTIVITYPRODUCTIVITY GROWTHPRODUCTIVITY INCREASESPUBLIC INVESTMENTPURCHASING POWERPURCHASING POWER PARITYQUOTASRAPID ECONOMIC GROWTHRAPID GROWTHREAL EFFECTIVE EXCHANGE RATEREAL EXCHANGE RATEREAL EXPORTREAL GDPREAL INTERESTREAL INTEREST RATEREAL INTEREST RATESRELATIVE WEIGHTREMITTANCESRESERVE MONEYRESERVE REQUIREMENTSALES GROWTHSAVINGSSAVINGS RATESLOWDOWNSTART-UP CAPITAL REQUIREMENTSTRUCTURAL CHANGESUPPLY SIDESURPLUSSURPLUS LABORTAXTAX REVENUESTOTAL EXPORTSTOTAL EXTERNAL DEBTTOTAL REVENUETRADABLE GOODSTRADE COMPETITIVENESSTRADE DEFICITTRADE EXPANSIONTRADE FACILITATIONTRADE OPENNESSTRADE POLICYTRADE REGIMETRADE RESTRICTIONSTRADE RESTRICTIVENESSTRADE SURPLUSTRADINGTRANSACTIONS COSTSUNDERVALUATIONVALUE ADDEDVALUE INDICESWAGESWORLD DEMANDWORLD DEVELOPMENT INDICATORSWORLD ECONOMYWORLD MARKETSWORLD TRADEWORLD TRADE ORGANIZATIONWTOThird Ethiopia Economic Update : Strengthening Export Performance through Improved Competitiveness10.1596/20026