Ethiopia

Interestingly enough, Ethiopia has historically been a relatively wealthy nation. Although today, and throughout recent years, this really hasn’t been the case. To its credit, Ethiopia theoretically has the right practices in place. They’ve been undergoing a large political reform, one of the benefits of which is the supposed facilitation of economic growth and stability. In fact, since 2007, Ethiopia has places itself above many sub-Saharan African nations in terms of its economic performance. Although regardless of this, it remains one of the poorest nations in the world, only holding a GDP per capita of $505.00. This is a result of Ethiopia’s large population, and dependence on a poorly funded, underdeveloped, and vulnerable agricultural industry as a staple in their economy.