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Is Ethiopia a developed or underdeveloped country?

Asked by G. GRAY, Last updated: May 03, 2020

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I.Isabella

I.Isabella

Answered Apr 01, 2020

The correct answer to this question is underdeveloped, because Ethiopia is an underdeveloped country. Despite being underdeveloped, the country has an economy that is growing at a rapid rate. Years ago, Ethiopia was one of the poorest countries in the world, which led the country to experience a number of changes.

Now, Ethiopia is making improvement in the activities of their economy. One indication that Ethiopia is doing better economically is by looking at their GDP per capita. Experts estimate that the next ten years will be economically great for their country and that they could become a developed country.

 

C. Gray

Learning new things along with my music

C. Gray, Musician, MA, Leicester

Answered Mar 22, 2020

Ethiopia is not a developed country, but it is one of the countries with the fastest-growing economies in the world. Ethiopia has faced a lot of economic challenges in the past, as it was once one of the poorest countries in the world. The fact that Ethiopia is the second-largest country in Africa in terms of population is one of the things that slowed down its economic growth in the past.

However, Ethiopia is currently experiencing improvement in its economic activities, and that is why it is listed as one of the countries with the fastest-growing economies. A quick check of the country's GDP per capita shows that Ethiopia is doing well economically.

If this current progress is sustained by Ethiopia, the next ten years will be very great for the country. However, the country needs to be careful not to allow the political crisis that is bedeviling the country to destroy the economic success it has recorded over the past 15 years.

 

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