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gton, DC 20008 telephone: [1] (202) 364-1200 FAX: [1] (202) 587-0195 consulate(s) general: Los Angeles consulate(s): New York Diplomatic representation from the US: chief of mission: Ambassador Donald Y. YAMAMOTO embassy: Entoto Street, Addis Ababa mailing address: P. O. Box 1014, Addis Ababa telephone: [251] (1) 517-4000 FAX: [251] (1) 517-4888 Flag description: three equal horizontal bands of green (top), yellow, and red with a yellow pentagram and single yellow rays emanating from the angles between the points on a light blue disk centered on the three bands; Ethiopia is the oldest independent country in Africa, and the three main colors of her flag were so often adopted by other African countries upon independence that they became known as the pan-African colors Economy Ethiopia Economy - overview: Ethiopia's poverty-stricken economy is based on agriculture, accounting for half of GDP, 60% of exports, and 80% of total employment. The agricultural sector suffers from frequent drought and poor cultivation practices. Coffee is critical to the Ethiopian economy with exports of some $156 million in 2002, but historically low prices have seen many farmers switching to qat to supplement income. The war with Eritrea in 1998-2000 and recurrent drought have buffeted the economy, in particular coffee production. In November 2001, Ethiopia qualified for debt relief from the Highly Indebted Poor Countries (HIPC) initiative, and in December 2005 the International Monetary Fund voted to forgive Ethiopia's debt to the body. Under Ethiopia's land tenure system, the government owns all land and provides long-term leases to the tenants; the system continues to hamper growth in the industrial sector as entrepreneurs are unable to use land as collateral for loans. Drought struck again late in 2002, leading to a 2% decline in GDP in 2003. Normal weather patterns helped agricultural and GDP growth recover in 2004-06. GDP (purchasing power parity): $71.63 billion (2006 est.) GDP (official exchange rate): $9.789 billion (2006 est.) GDP - real growth rate: 8.5% (2006 est.) GDP - per capita (PPP): $1,000 (2006 est.) GDP - composition by sector: agriculture: 49.2% industry: 9.1% services: 41.7% (2006 est.) Labor force: 27.27 million (1999) Labor force - by occupation: agriculture: 80% industry: 8% services: 12% (198
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