Current Account to GDP in Ethiopia increased to -4.40 percent in 2020 from -5.30 percent in 2019. source: National Bank of Ethiopia

Current Account to GDP in Ethiopia averaged -3.80 percent from 1981 until 2020, reaching an all time high of 1.50 percent in 1994 and a record low of -12.60 percent in 2005. This page provides - Ethiopia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Ethiopia is expected to reach -4.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia Current Account to GDP is projected to trend around -4.00 percent of GDP in 2022 and -3.60 percent of GDP in 2023, according to our econometric models.

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Ethiopia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -5.30 1.50 -12.60 1981 - 2020 percent of GDP Yearly

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -2690.80 -2599.40 -956.70 -3852.10 USD Million [+]
Current Account -797.20 -592.60 159.30 -2535.80 USD Million [+]
Current Account to GDP -4.40 -5.30 1.50 -12.60 percent of GDP [+]
Imports 3573.90 3321.70 4436.30 1355.50 USD Million [+]
Exports 883.10 722.30 984.80 265.90 USD Million [+]
Foreign Direct Investment 725.10 706.50 1327.30 151.90 USD Million [+]
Terrorism Index 5.31 5.35 5.94 2.31 [+]


Ethiopia Current Account to GDP
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.