Economy
Export Earnings Hit Record 11.2 Billion US Dollars, President Says
BirrMetrics · 2 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
President Taye Atske Selassie announced that Ethiopia's export earnings reached a record 11.2 billion US dollars during the latest fiscal year, alongside significant growth in FDI, manufacturing, and agricultural production.
- Ethiopia's export earnings reached a record 11.2 billion US dollars in the latest fiscal year.
- Foreign direct investment inflows rose to 4.5 billion US dollars.
- Manufacturing growth was reported at 15.8 percent.
- Total domestic revenue reached nearly 1.98 trillion birr.
- Credit supplied to the economy rose to 1.3 trillion birr.
- Inflation declined to 13.4 percent as of May 2026, with a government goal to bring it into single digits.
- Annual crop production increased from around 335 million quintals seven years ago to 1.3 billion quintals in the 2025/26 fiscal year.
- President Taye Atske Selassie disclosed the figures while addressing a joint opening session of the House of Peoples’ Representatives and the House of Federation.
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