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Noble Amhara
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Ethiopia GDP Boomed After Meles Died

Post by Noble Amhara » 13 Aug 2022, 17:04


Axumezana
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Re: Ethiopia GDP Boomed After Meles Died

Post by Axumezana » 13 Aug 2022, 18:13

The vision and strategy he implemented before his death is the one responsible for the growth. Though the gradient of the graph increased from time to time , the GDP started to take off starting the year 2000.

Noble Amhara
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Re: Ethiopia GDP Boomed After Meles Died

Post by Noble Amhara » 13 Aug 2022, 18:43

The Ethiopian GDP began to rise in 2006 when the Chinese started investing into our country that means from 1991 to 2006 The golden didn’t rise ethiopia economy golden myth is created by ethioash

simbe11
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Re: Ethiopia GDP Boomed After Meles Died

Post by simbe11 » 13 Aug 2022, 18:57

GDP is one of the nonsense jargons thrown in to the main stream academia by the fake econ-lecturers.
We could see Ethiopia as example. While the government and its lie factories were fabricating the fake GDP and other measures, half the population is having less than one meal a day.
How do you gage the health of the economy with the entire country's wealth is amassed amongst a few which resulted in a higher GDP? That is a total rubbish or BS.

Noble Amhara
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Re: Ethiopia GDP Boomed After Meles Died

Post by Noble Amhara » 13 Aug 2022, 20:03

simbe11 wrote:
13 Aug 2022, 18:57
GDP is one of the nonsense jargons thrown in to the main stream academia by the fake econ-lecturers.
We could see Ethiopia as example. While the government and its lie factories were fabricating the fake GDP and other measures, half the population is having less than one meal a day.
How do you gage the health of the economy with the entire country's wealth is amassed amongst a few which resulted in a higher GDP? That is a total rubbish or BS.
GDP is National Economy that means the $100B Ethiopian Economy this is purely economic value that Ethiopia has accumulated past 30 years. the GDP is increased through Trade (Exports) and not imports. ie In 2020, Ethiopia's major goods exports included coffee (25.1%), gold (18.6%), cut flowers (13%), oil seeds (11.5%), chat (11.1%), pulses (6.5%), leather and leather products (1%). Ethiopia's total export earnings by value increased by 21% from the previous year.Jul 21, 2022

you are talking about GDP Per Capita which measures the economic output of a nation per person which is said to be $900 US Dollars which is $47,000 Ethiopian Birr that is what the World Economic Form claims and is not entirely true

simbe11
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Re: Ethiopia GDP Boomed After Meles Died

Post by simbe11 » 13 Aug 2022, 20:26

I am not sure if you understand yourself while writing that. Per capita is the GDP itself divided by the country's total population, which is the same thing.

You also claimed pulses to be export commodities, wow. In a country that import lentils from India and other countries, we export lentils? Really Really??

But I take that back. Because I just remember the export of brown sugar, that got stuck at Moyale for months, to Kenya. I think it's been about 4 or 5 years since that incident.

After all my argument was about our country being poor and the deceiving nature of the jargons manufatred by the fake economists.
Noble Amhara wrote:
13 Aug 2022, 20:03
simbe11 wrote:
13 Aug 2022, 18:57
GDP is one of the nonsense jargons thrown in to the main stream academia by the fake econ-lecturers.
We could see Ethiopia as example. While the government and its lie factories were fabricating the fake GDP and other measures, half the population is having less than one meal a day.
How do you gage the health of the economy with the entire country's wealth is amassed amongst a few which resulted in a higher GDP? That is a total rubbish or BS.
GDP is National Economy that means the $100B Ethiopian Economy this is purely economic value that Ethiopia has accumulated past 30 years. the GDP is increased through Trade (Exports) and not imports. ie In 2020, Ethiopia's major goods exports included coffee (25.1%), gold (18.6%), cut flowers (13%), oil seeds (11.5%), chat (11.1%), pulses (6.5%), leather and leather products (1%). Ethiopia's total export earnings by value increased by 21% from the previous year.Jul 21, 2022

you are talking about GDP Per Capita which measures the economic output of a nation per person which is said to be $900 US Dollars which is $47,000 Ethiopian Birr that is what the World Economic Form claims and is not entirely true

Tiago
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Re: Ethiopia GDP Boomed After Meles Died

Post by Tiago » 14 Aug 2022, 04:41

maybe this gives you a better idea of the jargon GDP

Many decision makers and commentators treat gross domestic product (GDP) as if it measures the whole of the economy. They even use “the economy” and GDP interchangeably. GDP is an accounting device—and a poor measure of economic health. Household wealth is much closer to what we mean by “the economy.”

Say a new medical school graduate got a nice hospital job in 2011 paying $100,000 per year. However, she owed $150,000 in loans. Meanwhile, a retired couple had income of $50,000 in 2011 and an investment portfolio of $2 million, plus their home. If we compare 2011 income, the new doc is doing twice as well. Of course, this is ridiculous—why would anyone use one year’s worth of income to see how they’re doing?

Yet that is what we do with GDP: We take one year’s worth of production and act as if it’s the whole story or nearly the whole story. It’s just as wrong with GDP as it is with one year’s income.

Using GDP also leads to some fairly silly practices. If a house is built, it adds to GDP. If it is then torn down a year later, that also adds to GDP (because people were paid to rip it down). Unbelievably, you can just keep building and tearing down forever, and it will always add to GDP. Or the house can be sold back and forth between two rather strange real estate companies, each sale counted toward GDP.

If the government spends more than it takes in, this adds to GDP, no matter what the spending is used for and no matter how it is financed. GDP says government borrowing is always good.

Tens of millions of Americans choose imports every single day because it makes them better off. Yet every one of these decisions is said, by some, to hurt the country. Because of the way GDP is constructed, some observers imagine we should push it higher by having ordinary people not buy imports and make themselves worse off. It is a major problem that what could increase GDP, such as reduced imports, is bad for individuals.

GDP is supposed to measure the size of the nation’s economic pie. But when we see how the pie is cut up (i.e., how much individuals or households have), GDP is the wrong measure: 10 percent of households holding 30 percent of GDP doesn’t tell us anything we actually care about.

So what should we use to measure actual prosperity? National wealth. What should we use to measure improvement? Changes in the value of national wealth.

What’s the value of a house to the people who own it? What’s the value of a car, a mutual fund, and so on? It doesn’t matter how many times something has been built or torn down or bought or sold—what is its value right now? How fast is all this wealth growing? How is it distributed? Those are the right questions.

In 2012, GDP was $15.7 trillion. That’s one measurement—not a good one—of what Americans produced and earned last year. On Friday, the Federal Reserve said that at the end of 2012 combined household wealth was $70.3 trillion. This is a net figure, meaning it subtracts off a measure of debt. That’s the sum of everything we did and decided last year and every year before that. It’s a much better reflection of what our economy really is.

A lot of people have been understandably unhappy with government economic policy for a quite a while. How can we make good policy when we don’t even know what we’re trying to improve? GDP is not our economy—far from it.


https://www.dailysignal.com/2013/06/13/ ... -it-means/

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