Ethiopia is among the bottom three countries in an index that measures prosperity as a function of both income and well being for 110 countries around the world. According to The 2011 Legatum Prosperity Index, Ethiopia ranks 108 out of 110 countries, ranking above just Zimbabwe and Central African Republic.
ECONOMY – RANKED 104th
Despite high levels of growth and relative optimism about their economic future, Ethiopia faces very high levels of unemployment and dissatisfaction.
Ethiopia’s economy faces severe challenges. Inflation runs at over 8% and the gross domestic savings rate is only 4% of GDP, comfortably placing Ethiopia in the bottom 30 of the Index on the latter variable. The unemployment rate is almost 21%, which is the sixth highest rate, globally**. Continue reading