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Ethiopia is a lower income economies coming under Sub Saharan African region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The economy of Ethiopia largely depends upon the traditional agricultural sector, which constitutes around 50% of the total GDP. Agriculture accounts for 80% of the total employment. The Government has undertaken some reform process for the state by privatizing the state enterprises.
Coffee is the major agricultural product in the country. Important industries are textiles, chemicals, food processing, and cement. The country earns foreign earnings from coffee, leather products and oilseeds.
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