Markets Actual Q3 Q4 Q1 Q2 2022
Currency 44.30 44.26 44.36 44.46 44.56 44.77

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.10 8.7 8.7 10 10 10
Unemployment Rate (%) 19.10 21.6 21.6 21.3 21.3 21.3
Inflation Rate (%) 24.50 19 20 18 16 12
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2599.40 -2470 -2900 -3020 -3280 -3200
Current Account (USD Million) -592.60 -800 -650 -1300 -1000 -1200
Current Account to GDP (% of GDP) -4.40 -4.2 -4.2 -4 -4 -4
Government Debt to GDP (% of GDP) 59.00 62 62 61.4 61.4 61.4
Government Budget (% of GDP) -2.50 -2.7 -2.7 -3.1 -3.1 -3.1
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.10 8.7 8.7 10 10 10
GDP (USD Billion) 107.65 110 110 112 112 112
GDP per capita (USD) 623.10 580 580 580 580 650
GDP per capita PPP (USD) 2296.83 2100 2100 2100 2100 2250
GDP Constant Prices (ETB Billion) 1990.00 2163 2184 2163 2189 2379
GDP From Agriculture (ETB Billion) 650.30 707 763 707 715 778
GDP From Manufacturing (ETB Billion) 576.90 627 590 627 635 690
GDP From Services (ETB Billion) 786.80 855 856 855 865 941

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 19.10 21.6 21.6 21.3 21.3 21.3
Population (million) 115.00 118 118 118 118 120

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 24.50 19 20 18 16 12
Food Inflation (%) 23.70 22.6 23 21.6 20 20
Consumer Price Index CPI (points) 218.40 215 218 234 253 244
Inflation Rate Mom (%) 7.10 1.6 2 1.3 0.9 1.2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 7.00 7 7 7 7 7

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -2599.40 -2470 -2900 -3020 -3280 -3200
Current Account (USD Million) -592.60 -800 -650 -1300 -1000 -1200
Current Account to GDP (% of GDP) -4.40 -4.2 -4.2 -4 -4 -4
Imports (USD Million) 3321.70 3650 3700 4000 3750 4000
Exports (USD Million) 722.30 750 680 720 800 800
Foreign Direct Investment (USD Million) 706.50 710 800 580 1000 1100

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 59.00 62 62 61.4 61.4 61.4
Government Budget (% of GDP) -2.50 -2.7 -2.7 -3.1 -3.1 -3.1
Military Expenditure (USD Million) 460.00 502 502 502 502 475

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 15.00 15 15 15 15 15


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.