The economy of Ethiopia is based on agriculture, which accounts for half of gross domestic product (GDP), 60% of exports, and 80% of total employment. Ethiopia has virtually no private sector business at all. Despite recent improvements, with an exploding population Ethiopia remains one of the poorest nations in the world.
Addis Ababa is the capital city of Ethiopia. Addis Ababa has the status of both a city and a state. It is where the African Union and its predecessor the OAU are based. The economic activities in Addis Ababa are diverse.
Addis Ababa has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.