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Ethiopia

Headline economic indicators for Ethiopia, with the most recent official readings.

Prices

Prices — Ethiopia
Indicator Value Change
Inflation rate · 13.2% -7.81 (-37.1%)
Consumer price index · 1,176.5 +137.46 (+13.2%)
GDP deflator inflation · 16.7% -8.85 (-34.7%)

GDP

GDP — Ethiopia
Indicator Value Change
GDP growth rate · 9.8% +2.16 (+28.4%)
GDP per capita · 932.73 -201.15 (-17.7%)
GDP per capita, long-run history · 2,289 +98.73 (+4.5%)
GDP · 126,358,758,448.36 -23,381,539,504 (-15.6%)
GDP, PPP · 490,635,723,504 +55,854,120,004 (+12.8%)
GDP per capita, PPP · 3,622 +329.37 (+10.0%)
GDP per capita growth · 7.0% +2.14 (+43.9%)
GNI per capita · 1,110 +10.00 (+0.9%)
Agriculture to GDP · 32.8% -1.96 (-5.6%)
Industry to GDP · 27.8% +2.41 (+9.5%)
Manufacturing to GDP · 4.2% -0.19 (-4.4%)
Services to GDP · 36.6% -0.90 (-2.4%)
Household consumption to GDP · 80.9% +0.70 (+0.9%)
Gross capital formation to GDP · 20.1% -0.46 (-2.2%)
Gross savings to GDP · 19.7% -0.43 (-2.1%)

Labour

Labour — Ethiopia
Indicator Value Change
Unemployment rate · 3.3% -0.03 (-1.0%)
Labour force participation rate · 68.5% -0.00 (-0.0%)
Female labour force participation rate · 58.5% +0.07 (+0.1%)
Youth unemployment rate · 5.4% -0.10 (-1.8%)
Employment to population ratio · 66.2% +0.02 (+0.0%)
Employment in agriculture · 60.1% -0.87 (-1.4%)
Employment in industry · 6.4% +0.03 (+0.5%)
Employment in services · 33.4% +0.83 (+2.6%)

Money

Money — Ethiopia
Indicator Value Change
Real interest rate · -17.1% -8.83 (-106.5%)
Broad money to GDP · 34.0% -5.78 (-14.5%)
Private sector credit to GDP · 17.7% -0.81 (-4.4%)
Lending rate · 8.0% +0.50 (+6.7%)
Bank deposit rate · 4.7% +0.56 (+13.7%)
Bank nonperforming loans · 5.4% +1.99 (+57.9%)
Official exchange rate · 82.6 +28.00 (+51.3%)

Trade

Trade — Ethiopia
Indicator Value Change
Current account to GDP · -2.5% +0.99 (+28.1%)
Exports to GDP · 13.3% +7.74 (+139.8%)
Imports to GDP · 20.2% +8.31 (+70.1%)
Trade to GDP · 33.5% +16.06 (+92.3%)
Exports of goods and services · 16,785,187,367.6 +8,490,666,735 (+102.4%)
Imports of goods and services · 25,494,178,576.2 +7,733,234,709 (+43.5%)
Trade balance, goods and services (annual) · -11,948,191,825.54 +137,825,183 (+1.1%)
Current account balance (annual) · -3,791,072,162.4 +996,583,337 (+20.8%)
Foreign direct investment to GDP · 3.0% +0.32 (+11.8%)
Remittances received to GDP · 4.8% +4.37 (+1,100.8%)
Total reserves, including gold · 3,784,387,425.19 +1,756,173,171 (+86.6%)
Reserves in months of imports · 1.8 +0.74 (+70.8%)
External debt to GNI · 24.3% -4.65 (-16.1%)

Government

Government — Ethiopia
Indicator Value Change
Government debt to GDP · 31.4% -1.08 (-3.3%)
Government revenue to GDP · 4.1% -0.43 (-9.6%)
Government expense to GDP · 6.1% -1.18 (-16.2%)
Tax revenue to GDP · 3.4% -0.53 (-13.6%)
Government budget balance to GDP · -1.9% +0.40 (+17.2%)
Government consumption to GDP · 5.8% +0.32 (+5.9%)
Education spending to GDP · 2.3% -0.63 (-21.5%)
Health spending to GDP · 2.8% -0.05 (-1.7%)

Demography

Demography — Ethiopia
Indicator Value Change
Population · 135,472,051 +3,412,284 (+2.6%)
Population, long-run history · 117,924 +2,960 (+2.6%)
Population growth · 2.6% -0.03 (-1.3%)
Life expectancy · 67.6 +0.29 (+0.4%)
Fertility rate · 3.91 -0.08 (-2.0%)
Birth rate · 31.5 -0.43 (-1.4%)
Death rate · 5.9 -0.08 (-1.4%)
Urban population share · 24.1% +0.49 (+2.1%)
Population aged 65 and over · 3.3% +0.07 (+2.0%)
Under-five mortality rate · 44.5 -7.00 (-13.6%)
Population density · 117.7 +3.00 (+2.6%)
Net migration · 24,054 -6,015 (-20.0%)
Gini index · 31.1 -3.90 (-11.1%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Ethiopia; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.