The country’s remarkable economic growth is driven by the government’s investment in infrastructure, as well as sustained development in the agricultural and service sectors.
The construction sector in Ethiopia recorded 11.6% annual growth fueled by an increase in infrastructure investments.
Development of public infrastructure and government initiatives such as Ethiopia Vision 2025 are driving the growth of the construction equipment market in Ethiopia. The country’s construction equipment market revenues are projected to grow at a CAGR of 6.1% during 2019-2025.
Source: Economist Intelligence Unit, 6Wresearch, UN COMTRADE, Global Data, World Atlas