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. 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 October of 2020.

Current Account to GDP in Ethiopia is expected to reach -7.00 percent by the end of 2020, 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 -5.80 percent in 2021 and -5.30 percent in 2022, according to our econometric models.

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Ethiopia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -6.50 1.50 -12.60 1981 - 2019 percent Yearly

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -2868.70 -3209.50 -956.70 -3852.10 USD Million [+]
Current Account -1649.50 -1584.50 159.30 -2535.80 USD Million [+]
Current Account to GDP -4.50 -6.50 1.50 -12.60 percent [+]
Imports 3626.30 3820.00 4436.30 1355.50 USD Million [+]
Exports 757.60 610.50 984.80 265.90 USD Million [+]
Foreign Direct Investment 561.40 661.60 1327.30 151.90 USD Million [+]
Terrorism Index 5.35 5.63 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.