The economy of Ethiopia grew 6.1 percent in the 2019/2020 fiscal year, the weakest expansion since a contraction was observed in 2002, mainly due to the impact of the Covid-19 pandemic. It compares with an earlier estimate of a 10.8 percent growth before Ethiopia's first reported case of the new coronavirus. source: National Bank of Ethiopia
GDP Annual Growth Rate in Ethiopia averaged 5.87 percent from 1981 until 2019, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia GDP Annual Growth Rate - values, historical data and charts - was last updated on November of 2020.
GDP Annual Growth Rate in Ethiopia is expected to reach 2.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.