The Gross Domestic Product (GDP) in Ethiopia was worth 94 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Ethiopia represents 0.08 percent of the world economy. GDP in Ethiopia averaged 23.93 USD Billion from 1981 until 2019, reaching an all time high of 94 USD Billion in 2019 and a record low of 6.93 USD Billion in 1994. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Ethiopia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Ethiopia was estimated at 112.0 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Ethiopia had a population of 22.2 million people. The population of Ethiopia represents 1.23 percent of the world´s total population which arguably means that one person in every 82 people on the planet is a resident of Ethiopia. This page provides the latest reported value for - Ethiopia Population - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Ethiopia was last recorded at 7 percent. Interest Rate in Ethiopia averaged 5.21 percent from 1995 until 2019, reaching an all time high of 11 percent in December of 1995 and a record low of 3 percent in April of 2002. In Ethiopia, interest rates decisions are taken by Monetary Committee of the National Bank of Ethiopia. The official rate is the bank’s savings rate. This page provides - Ethiopia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ethiopia expanded 9 percent in 2018 from the previous year. GDP Annual Growth Rate in Ethiopia averaged 5.85 percent from 1981 until 2018, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. Ethiopia is among the fastest growing non-oil economies in the world as the government reforms undertaken in recent years have succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Ethiopia increased to 1874.70 ETB Billion in 2018 from 1719.50 ETB Billion in 2017. GDP Constant Prices in Ethiopia averaged 588.92 ETB Billion from 1999 until 2018, reaching an all time high of 1874.70 ETB Billion in 2018 and a record low of 184.60 ETB Billion in 1999. This page provides - Ethiopia Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia recorded a trade deficit of 3023.80 USD Million in the third quarter of 2019. Balance of Trade in Ethiopia averaged -2350 USD Million from 2006 until 2019, reaching an all time high of -956.70 USD Million in the second quarter of 2007 and a record low of -3852.10 USD Million in the fourth quarter of 2018. Ethiopia runs consistent trade deficits due to small production of exportable goods and logistic difficulties. Main exports are gold, coffee, live animals and oilseeds. Ethiopia is a net importer of fuel, foodstuffs and textile apparel. Main trading partners are China (18 percent of total imports and 8 percent of exports) and Saudi Arabia (13 percent of imports and 7 percent of exports). This page provides - Ethiopia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Ethiopia decreased to 723 USD Million in the third quarter of 2019 from 766.70 USD Million in the second quarter of 2019. Exports in Ethiopia averaged 643.94 USD Million from 2006 until 2019, reaching an all time high of 984.80 USD Million in the first quarter of 2014 and a record low of 265.90 USD Million in the third quarter of 2007. Ethiopia main exports are gold (21 percent of total exports) and coffee (19 percent). Others include: live animals, oilseeds, flowers and khat. Ethiopia main export partner is Switzerland (21 percent of total exports) mainly for export of gold. Others include: Somalia (11 percent), China (8 percent), Sudan (8 percent) and Saudi Arabia (7 percent). This page provides - Ethiopia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Ethiopia increased to 3746.40 USD Million in the third quarter of 2019 from 3428.60 USD Million in the second quarter of 2019. Imports in Ethiopia averaged 2993.08 USD Million from 2006 until 2019, reaching an all time high of 4436.30 USD Million in the fourth quarter of 2018 and a record low of 1355.50 USD Million in the second quarter of 2006. Ethiopia main imports are: foodstuffs, textile, machinery and fuel. Ethiopia main trading partners are: China (18 percent of total imports), Saudi Arabia (13 percent), United States (9 percent), Russia and India. This page provides - Ethiopia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2019. Government Budget in Ethiopia averaged -3.24 percent of GDP from 1990 until 2019, reaching an all time high of 6.60 percent of GDP in 2003 and a record low of -8.90 percent of GDP in 2000. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Ethiopia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia recorded a government debt equivalent to 57 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Ethiopia averaged 35.34 percent from 1991 until 2019, reaching an all time high of 60 percent in 2018 and a record low of 24.70 percent in 1997. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Ethiopia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Ethiopia increased to 167.60 points in April from 164.30 points in March of 2020. Consumer Price Index Cpi in Ethiopia averaged 102.07 points from 2011 until 2020, reaching an all time high of 167.60 points in April of 2020 and a record low of 64.20 points in December of 2011. This page provides - Ethiopia Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Ethiopia increased 2 percent in April of 2020 over the previous month. Inflation Rate Mom in Ethiopia averaged 0.65 percent from 1966 until 2020, reaching an all time high of 12.75 percent in June of 2008 and a record low of -34.65 percent in December of 2011. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Ethiopia Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Ethiopia was recorded at 22.90 percent in April of 2020. Inflation Rate in Ethiopia averaged 16.28 percent from 2006 until 2020, reaching an all time high of 64.20 percent in July of 2008 and a record low of -4.10 percent in September of 2009. In Ethiopia, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (54 percent of total weight); Housing and Utilities (16.8 percent) and Clothing & Footwear (5.7 percent). Others include: Restaurants & Hotels (5.3 percent; Alcoholic Beverages & Tobacco (4.9 percent); Furnishings, Household Equipment and Routine Maintenance of the House (4.7 percent); Transport (2.5 percent) and Miscellaneous Goods & Services (2.5 percent). Communication, Health, Recreation & Culture and Education account for the remaining 4.1 percent of total weight. This page provides the latest reported value for - Ethiopia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Standard & Poor's credit rating for Ethiopia stands at B with negative outlook. Moody's credit rating for Ethiopia was last set at B2 with under review outlook. Fitch's credit rating for Ethiopia was last reported at B with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Ethiopia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Ethiopia as reported by major credit rating agencies.

Ethiopia recorded 210 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Ethiopia reported 4 Coronavirus Deaths. This page includes a chart with historical data for Ethiopia Coronavirus Cases.

Ethiopia recorded 5 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Ethiopia reported 210 Coronavirus Cases. This page includes a chart with historical data for Ethiopia Coronavirus Deaths.

Ethiopia recorded 97 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Ethiopia reported 5 Coronavirus Deaths. This page includes a chart with historical data for Ethiopia Coronavirus Recovered.

Ethiopia is the 126 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Ethiopia averaged 118.92 from 2007 until 2019, reaching an all time high of 127 in 2014 and a record low of 106 in 2012. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Ethiopia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Deposit Interest Rate in Ethiopia increased to 4.68 in 2008 from 4.11 in 2007. Deposit Interest Rate in Ethiopia averaged 6.06 from 1985 until 2008, reaching an all time high of 11.50 in 1993 and a record low of 3.35 in 2003. Deposit Interest Rate in Ethiopia is reported by the World Bank. This page includes a chart with historical data for Deposit Interest Rate in Ethiopia.

The Sales Tax Rate in Ethiopia stands at 15 percent. In Ethiopia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Ethiopia. This page provides - Ethiopia Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia recorded a Current Account deficit of 1644.80 USD Million in the third quarter of 2019. Current Account in Ethiopia averaged -955.45 USD Million from 2006 until 2019, reaching an all time high of 159.30 USD Million in the second quarter of 2007 and a record low of -2535.80 USD Million in the fourth quarter of 2014. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Ethiopia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Ethiopia increased by 565.40 USD Million in the second quarter of 2019. Foreign Direct Investment in Ethiopia averaged 607.47 USD Million from 2011 until 2019, reaching an all time high of 1327.30 USD Million in the fourth quarter of 2017 and a record low of 151.90 USD Million in the third quarter of 2011. This page provides - Ethiopia Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia recorded a Current Account deficit of 4.50 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Ethiopia averaged -3.76 percent from 1981 until 2019, reaching an all time high of 1.50 percent in 1994 and a record low of -12.60 percent in 2005. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Ethiopia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Ethiopia increased 26.90 percent in March of 2020 over the same month in the previous year. Food Inflation in Ethiopia averaged 11.11 percent from 2013 until 2020, reaching an all time high of 26.90 percent in March of 2020 and a record low of 2.81 percent in March of 2014. This page provides the latest reported value for - Ethiopia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Embassy of India, Addis Ababa
Arada District, Kebele-13/14,
H.No.224, PO Box No.528,
Addis Ababa.[*Con. acc. to Djibouti and to African Union, UNECA & IGAD]

Telephone: 00-251-11-1235538 to 41
Fax: 00-251-11-1235547 / 48
E-Mail: rajdut@ethionet.et (Ambassador), indemb@ethionet.et (Chancery) , com.addisababa@mea.gov.in , india.com@ethionet.et (Commercial), adm.indembassy@ethionet.et (Admn), cons.indembassy@ethionet.et (Consular)
Website: www.indianembassy.gov.et

Ambassador*
Bhagwat Singh Bishnoi
Second Secretary & HOC
Sanjeev Khanduri

Online Resource

Online Resource

Australia. Parliament. Delegation to Kenya and Ethiopia

Rotch Library - N7386.G56 2019

Online Resource

Online Resource

Rotch Library - HT384.E8 M35 2019

Rotch Library - N7386.G56 2019