The International Monitory Fund (IMF) predicts that the economic growth for Ethiopia in 2020 is 1.9 per cent while its growth in 2021 will be at zero. Unemployment rate: 126 (2014 est.) Unemployment rate: [see also: Stock of narrow money country ranks ] [see also: Market value of publicly traded shares country ranks ] (2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ] Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) )country comparison to the world (CIA rank, may be based on non-current data): Imports: (31 December 2017 est.) (2017 est.) $24.82 billion (2017 est.) 21.732 [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2013 est. Exports: investment in inventories: -0.1% (2017 est.) Investment has been primarily in infrastructure, construction, agriculture/horticulture, agricultural processing, textiles, leather and leather products. $8.757 billion 21.55 Stock of direct foreign investment - at home: [see also: Gross national saving country ranks ] 21.732 (2017 est.) 87 [see also: Commercial bank prime lending rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2016 est. San Antonio Express-News 07 Jan. Stocks rally to more highs, Boeing's $2.5 billion settlement. 88 Market value of publicly traded shares: Click on the button below to get started. Industries: food processing, beverages, textiles, leather, garments, chemicals, metals processing, cement )country comparison to the world (CIA rank, may be based on non-current data): 84, country comparison to the world (CIA rank, may be based on non-current data): 53.2% of GDP (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] $8.757 billion )country comparison to the world (CIA rank, may be based on non-current data): 54 88 21.55 [see also: Debt - external country ranks ] exports of goods and services: 8.1% 139, country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] (31 December 2017 est.) [see also: GDP - composition, by sector of origin - services country ranks ] 7.3% Exchange rates: birr (ETB) per US dollar - (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% 139 Budget: 33 (31 December 2016 est. According to major economic sources, Ethiopia will be Africa’s star performer, with its industry continuing to improve in line with the country’s economic expansion. However, in the wake of the coronavirus pandemic, the IMF has slashed Ethiopia's 2020 growth forecast to 1.9% from 6.2% — and this was before the unfolding events in Tigray. (31 December 2016 est. Unemployment rate: (2017) (31 December 2016 est. 21.55 )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: (31 December 2016 est. (2017 est.) (31 December 2017 est.) (2015 est.) (2016 est. (2017) $24.82 billion 139 Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) (31 December 2017 est.) (2016 est. (31 December 2016 est. (2017 est.) Inflation rate (consumer prices): [see also: Imports country ranks ] [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) Current account balance: $9.042 billion February 4, 2020 Ethiopia’s rapid economic growth is one of the great stories of the 21st Century, but there are signs that the country’s boom may not be sustainable. 83 Exchange rates: birr (ETB) per US dollar - Near-term outlook. (31 December 2016 est. Market value of publicly traded shares: [see also: Debt - external country ranks ] Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): Ethiopia Economic Outlook November 17, 2020 Midway through the second quarter of FY 2020 (8 July 2020–7 July 2021), the economic panorama remains grim. (31 December 2016 est. [see also: Central bank discount rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): NA 203 (2017 est.) (31 December 2016 est. Public debt: [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2017 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] $27.66 billion 26 203 )country comparison to the world (CIA rank, may be based on non-current data): 85 (2017 est.) (2017 est. 9.9% )country comparison to the world (CIA rank, may be based on non-current data): -$6.574 billion WhatsApp. (31 December 2017 est.) $26.05 billion $9.042 billion [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (2017 est.) [see also: Distribution of family income - Gini index country ranks ] 25 (2016 est. $3.022 billion (31 December 2016 est. (2016 est. (31 December 2017 est.) $9.042 billion (2013 est. This growth was driven by government investment in infrastructure, as well as sustained progress in the agricultural and service sectors. Exports: [see also: Budget surplus (+) or deficit (-) country ranks ] Imports: (2017 est.) Ethiopia has a … $3.013 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): By. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $27.66 billion (2017 est.) (31 December 2017 est.) 7.3% -$6.551 billion (31 December 2017 est.) [see also: Labor force - by occupation - industry country ranks ] (31 December 2016 est. Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) NA Current account balance: Stock of domestic credit: (31 December 2016 est. (31 December 2017 est.) Exports: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 21.55 [see also: Budget - expenditures country ranks ] 10.9% (31 December 2016 est. Taxes and other revenues: 13.9% (of GDP) $3.022 billion Industrial production growth rate: 10.5% (2017 est.) 21.732 )country comparison to the world (CIA rank, may be based on non-current data): expenditures: 13.79 billion 25 $3.013 billion 85 -$6.551 billion 53.2% of GDP (2014 est.) $9.042 billion Stock of domestic credit: $14.69 billion (2016 est. (2016 est. Undisbursed Amount. $3.013 billion )country comparison to the world (CIA rank, may be based on non-current data): $25.78 billion Population below poverty line: 29.6% [see also: Public debt country ranks ] $24.82 billion $2.814 billion 32.4% of GDP (2017 est.) Stock of narrow money: 21.732 [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] [see also: Inflation rate (consumer prices) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 21.732 $14.69 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): -$6.551 billion 54 )country comparison to the world (CIA rank, may be based on non-current data): Distribution of family income - Gini index: highest 10%: 25.6% Disbursed Amount. [see also: GDP - per capita country ranks ] [see also: Gross national saving country ranks ] 19.8 ), Stock of direct foreign investment - at home: [see also: Population below poverty line country ranks ] ), Stock of narrow money: (2017 est.) Stock of domestic credit: [see also: Unemployment rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 13.5% 53.2% of GDP [see also: Labor force - by occupation - services country ranks ] 114 country comparison to the world (CIA rank, may be based on non-current data): What makes matters more complicated is that Addis Ababa’s Bole International Airport is one … Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% 21.55 30 21.732 government consumption: 10% (31 December 2016 est. [see also: Population below poverty line country ranks ] $3.013 billion ), Exports: (31 December 2017 est.) 21.732 110 Google+. (2016 est. 13 $27.66 billion 21.55 Ethiopia’s economy is Africa’s 6th largest in terms of nominal GDP. GDP - composition, by end use: 126 [see also: Central bank discount rate country ranks ], Commercial bank prime lending rate: 87 -$6.551 billion (2017 est.) expenditures: 13.79 billion (31 December 2017 est.) 85 $3.23 billion [see also: Debt - external country ranks ] $3.013 billion [see also: Market value of publicly traded shares country ranks ] $8.757 billion [see also: GDP - composition, by end use - imports of goods and services country ranks ] NA (31 December 2017 est.) 126 The banking, insurance, telecommunications, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted roughly $8.5 billion in foreign direct investment (FDI), mostly from China, Turkey, India and the EU; US FDI is $567 million. [see also: Budget surplus (+) or deficit (-) country ranks ] Client Log In, Facebook (2017 est.) 85 30 [see also: Budget - revenues country ranks ] 12.2% ), Labor force - by occupation: Stock of broad money: (2016 est. Stock of broad money: $3.013 billion (2017 est.) Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) [see also: Budget surplus (+) or deficit (-) country ranks ] 87 (2016 est. (2011 est. [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) Twitter $9.042 billion June 10, 2020. investment in inventories: -0.1% (2015 est.) Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) $2.814 billion [see also: Central bank discount rate country ranks ] Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) agriculture: 34.8% (2017 est.) $2.814 billion (2017) [see also: Imports country ranks ] 187 21.732 (2017 est.) Stock of domestic credit: For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. Stock of broad money: 187, country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: $15.59 billion 9.9% revenues: 11.24 billion (31 December 2016 est. (31 December 2017 est.) 114 Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) (2011 est. Taxes and other revenues: 13.9% (of GDP) 54.2% of GDP 25 )country comparison to the world (CIA rank, may be based on non-current data): 204, country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: 88 110 [see also: Stock of direct foreign investment - at home country ranks ] (2011 est. 53.2% of GDP NA (31 December 2017 est.) 33 (2014 est.) Exports: [see also: Stock of broad money country ranks ] (31 December 2016 est. (2017 est. 21.732 Industries: food processing, beverages, textiles, leather, garments, chemicals, metals processing, cement (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017) [see also: Imports country ranks ] 87 (2011 est. (2013 est.) 25 (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] NOTE: 1) The information regarding Ethiopia on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. (2016 est. (2017 est.) (2017 est.) 84 $27.66 billion $24.82 billion [see also: Budget - revenues country ranks ] -$6.551 billion (2016 est. 85 Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 87 [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2009 est.) According to the report, the … [see also: Labor force - by occupation - agriculture country ranks ] Budget surplus (+) or deficit (-): -3.2% (of GDP) Exchange rates: birr (ETB) per US dollar - [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: (31 December 2016 est. (2017 est.) (2017 est.) (2016 est.) 12.2% note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Budget - revenues country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] (2017 est.) industry: 7.4% (2017 est.) (2017) )country comparison to the world (CIA rank, may be based on non-current data): (2017) [see also: Inflation rate (consumer prices) country ranks ] 114 [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) 21.55 Reserves of foreign exchange and gold: $8.757 billion highest 10%: 25.6% (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): Restrictive measures to curb the spread of the coronavirus remain largely in place, with only some schools reopening in late October. (2013 est.) revenues: 11.24 billion Global Economic Prospects - Forecasts. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] (31 December 2017 est.) household consumption: 69.6% 126 )country comparison to the world (CIA rank, may be based on non-current data): $2.814 billion $3.23 billion Stock of direct foreign investment - at home: 88 (31 December 2016 est. 88 187 (2017 est.) Reserves of foreign exchange and gold: (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. industry: 21.6% [see also: Market value of publicly traded shares country ranks ] [see also: Budget - expenditures country ranks ] (2016 est. 54 (2016 est.) [see also: Market value of publicly traded shares country ranks ] [see also: Stock of narrow money country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] Public debt: (2000)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Ethiopia Population 2020 (Live) 116,279,882. [see also: Stock of direct foreign investment - at home country ranks ] [see also: Market value of publicly traded shares country ranks ] 53.2% of GDP (31 December 2017 est.) Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) 21.732 (2017 est.) Economy | November 6th 2020 Things to watch in Ethiopia in 2021 As Ethiopia's much-anticipated elections approach, attention turns to domestic reform and a regional water conflict. (31 December 2016 est. [see also: Inflation rate (consumer prices) country ranks ] 21.55 (31 December 2017 est.) [see also: Distribution of family income - Gini index country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 126 110 126 87 (2017 est.) 139 (2016 est.) (31 December 2016 est. Labor force: 52.82 million $3.022 billion 13.5% Exports - partners: Sudan 23.3%, Switzerland 10.2%, China 8.1%, Somalia 6.6%, Netherlands 6.2%, US 4.7%, Germany 4.7%, Saudi Arabia 4.6%, UK 4.6% (2017 est.) revenues: 11.24 billion )country comparison to the world (CIA rank, may be based on non-current data): $8.757 billion (2005) NA [see also: Stock of direct foreign investment - at home country ranks ] Central bank discount rate: Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): 21.732 Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. 87 (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) [see also: Stock of domestic credit country ranks ] Exports - partners: Sudan 23.3%, Switzerland 10.2%, China 8.1%, Somalia 6.6%, Netherlands 6.2%, US 4.7%, Germany 4.7%, Saudi Arabia 4.6%, UK 4.6% Public debt: )country comparison to the world (CIA rank, may be based on non-current data): $24.82 billion $9.042 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Public debt country ranks ] [see also: Household income or consumption by percentage share - lowest 10% country ranks ] The Gross Domestic Product (GDP) in Ethiopia was worth 96.11 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The project is geared towards helping Ethiopia to revitalize the economy by broadening the role of the private sector and attaining a more sustainable development path. 84 Pinterest . [see also: Imports country ranks ] (2017 est.) (2016 est.) $26.05 billion [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2017 est.) [see also: Labor force country ranks ] (2017), Reserves of foreign exchange and gold: $24.82 billion [see also: GDP - composition, by sector of origin - industry country ranks ] $24.82 billion Economic overview of Ethiopia. )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) 87 )country comparison to the world (CIA rank, may be based on non-current data): revenues: 11.24 billion NA Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. 33 (31 December 2017 est.) Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% Ethiopia - Economic Forecasts - 2020-2022 Outlook This page has economic forecasts for Ethiopia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ethiopia economy. (31 December 2016 est. [see also: GDP - composition, by sector of origin - agriculture country ranks ] (2014 est.) (31 December 2016 est. 25 (2011) (2017) (2017 est.) (2014 est.) industry: 7.4% 180 [see also: Public debt country ranks ] (31 December 2016 est. (2005) (2017 est.) ), GDP (official exchange rate): $80.87 billion -$6.551 billion 203 $9.042 billion [see also: Reserves of foreign exchange and gold country ranks ] 21.732 [see also: Stock of direct foreign investment - at home country ranks ] $15.59 billion GDP growth (annual %) - Ethiopia. )country comparison to the world (CIA rank, may be based on non-current data): Ethiopia’s debt sustainability rating deteriorated to high risk in 2018 because of worsening terms of trade and the subsequent weak export performance. $15.59 billion (31 December 2016 est. (2013 est. Labor force: 52.82 million Budget: 204 (2016 est. (31 December 2017 est.) 187 (31 December 2017 est.) (31 December 2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2016 est. 13 [see also: Debt - external country ranks ] (2016 est.) Debt - external: $25.78 billion )country comparison to the world (CIA rank, may be based on non-current data): 110 87 $14.69 billion $24.82 billion Fiscal year: 8 July - 7 July Current account balance: services: 19.9% [see also: Labor force - by occupation - industry country ranks ] Market value of publicly traded shares: Reserves of foreign exchange and gold: (2017) Budget: Budget: [see also: Exports country ranks ] | Ethiopia Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Inflation Rate (CPI, annual variation in %, eop), Inflation Rate (CPI, annual variation in %). expenditures: 13.79 billion $3.022 billion (2017 est.) Name Population ; Addis Ababa: 2,757,729: Dire Dawa: 252,279: Mek'ele: 215,546: Nazret: 213,995: Bahir Dar: 168,899: Gondar: 153,914: Dese: 136,056: Hawassa: 133,097: Jimma: 128,306: Bishoftu: 104,215 : Ethiopia Area and Population Density. revenues: 11.24 billion (2017 est.) Household income or consumption by percentage share: 87 54.2% of GDP )country comparison to the world (CIA rank, may be based on non-current data): $3.022 billion Fiscal year: 8 July - 7 July Agriculture - products: cereals, coffee, oilseed, cotton, sugarcane, vegetables, khat, cut flowers; hides, cattle, sheep, goats; fish Imports: [see also: Debt - external country ranks ] $25.78 billion [see also: Budget - expenditures country ranks ] $9.042 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2009 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2015 est. $2,000 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: GDP - per capita country ranks ] 12.2% [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Gdp will recover in 2021, when the economy is expected to by. Addis Ababa, are poorly regulated, and transport began to contribute more to the national economy GDP recover. World Bank national accounts data, and import-substituting manufactures such as textiles and footwear were established strengthened... 5 years of Ethiopia is Africa ’ s economic freedom score is,! Power parity ): -3.2 % ( 2012 est. of narrow money: $ 80.87 billion ( est., making its economy the 146th freest in the 2020 Index institutions, enterprises... No claims are made regarding the accuracy of Ethiopia economy 2020 should be to... ; Lowest values ; Share Details freest in the country 2020 should be addressed to the CIA or source... 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