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>Yale, which has an endowment of $23.9 billion As a side note, that's about half the entire GDP of Ethiopia last year. That's a country of 100m people.
by drzaiusapelord 11y ago
>Yale, which has an endowment of $23.9 billion
As a side note, that's about half the entire GDP of Ethiopia last year. That's a country of 100m people.
- adventured 11y agoA better reference, given the endowment is capital rather than annual output, would be national wealth. Per capita wealth in Ethiopia is close to $500, with 94 million people. They have around $45-$50 billion in wealth.
- samstave 11y agoI'm actually surprised that Ethiopia can generate ~46B at all...
- adventured 11y agoTheir economy is finally growing nicely, after 30 plus years of disaster. From their small base, GDP has tripled in ten years. They've seen 11 straight growth years. The prior two years both saw around 10% growth, while inflation has been relatively low. Life expectancy at birth has climbed from 50 to 64 in 20 years. The poverty rate has fallen from 45% to about 25% in 20 years. The infant mortality rate has fallen from 140/100k in 1980, to around 40 today, falling by 50% since 2000. It's expected to continue to fall. They're actually generating wealth faster than any other comparable nation in Africa: http://www.theguardian.com/world/2013/dec/04/ethiopia-faster-rate-millionaires-michael-buerk http://www.theguardian.com/world/2013/dec/04/ethiopia-faster...
- samstave 11y agoWell, jesus -- good for them! However that article only left me suspicious as to how these new millionaires are making their money... Even in the article it states that some dont know where the money came from... I err on the side of corruption...
- IkmoIkmo 11y agoWhy? That requires a per capita value contribution of less than $50 per month per person, about $45 or so. Even low-tech farmers with limited access to land, seeds, fertiliser etc manage to harvest $45 a month on average. (note about 85% of the labour force is in agriculture).