Ethiopia becomes Africa's fifth-largest economy after GDP rebasing
Ethiopia moved to fifth place among African economies after revising its GDP figures to include sectors such as digital services. Dangote also launched a pipeline project in Namibia promising cheaper fuel.
Why it matters
Revised data change how investors rank Ethiopia.
Background
Rebasing updates the weights of an economy's sectors.
Sources
- AllAfrica ↗Nov 5, 10:45 PM ET
- AllAfrica ↗Nov 5, 9:06 AM ET
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