Construction In Ethiopia
The last fiscal year had been one of growth and expansion for Ethiopia's banking sector, though still dominated by the state owned Commercial Bank of Ethiopia (CBE) and although most of the private banks still face the challenge of meeting a paid-up capital minimum of 500 million Br by 2016, according to a decree by the central bank. The Gross Domestic Product (GDP) in Ethiopia expanded 10.40 percent in 2013 from the previous year. GDP Annual Growth Rate in Ethiopia averaged 5.19 percent from 1982 until 2013, reaching an all time high of 13.86 percent in 1987 and a record low of -11.14 percent in 1985. GDP Annual Growth Rate in Ethiopia is reported by the National Bank of Ethiopia.