Markets Actual Q4 Q1 Q2 Q3 2022
Currency 46.82 46.79 46.87 46.95 47.03 47.19

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 6.10 2 5 5 5 5
Unemployment Rate (%) 19.10 21.6 21.3 21.3 21.3 21.3
Inflation Rate (%) 34.80 35 25 18 14 12
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2690.80 -2900 -3020 -2730 -2850 -2800
Current Account (USD Million) -797.20 -650 -800 -585 -700 -720
Current Account to GDP (% of GDP) -4.40 -4.2 -4 -4 -4 -4
Government Debt to GDP (% of GDP) 59.00 62 64 64 64 64
Government Budget (% of GDP) -4.00 -4 -3.5 -3.5 -3.5 -3.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 6.10 2 5 5 5 5
GDP (USD Billion) 107.65 110 112 112 112 112
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 2184 2030 2090 2090 2131
GDP From Agriculture (ETB Billion) 650.30 763 663 683 683 696
GDP From Manufacturing (ETB Billion) 576.90 590 588 606 606 618
GDP From Services (ETB Billion) 786.80 856 803 826 826 843

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

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 34.80 35 25 18 14 12
Food Inflation (%) 37.60 35 28 25 20 20
Consumer Price Index CPI (points) 243.80 246 248 258 278 275
Inflation Rate Mom (%) 4.00 3.5 2.4 0.9 1.3 1.3

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

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -2690.80 -2900 -3020 -2730 -2850 -2800
Current Account (USD Million) -797.20 -650 -800 -585 -700 -720
Current Account to GDP (% of GDP) -4.40 -4.2 -4 -4 -4 -4
Imports (USD Million) 3573.90 3700 3450 3600 3580 3600
Exports (USD Million) 883.10 680 720 750 830 800
Foreign Direct Investment (USD Million) 725.10 600 580 620 700 700

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 59.00 62 64 64 64 64
Government Budget (% of GDP) -4.00 -4 -3.5 -3.5 -3.5 -3.5
Military Expenditure (USD Million) 460.00 502 502 502 502 475

Taxes Actual Q4 Q1 Q2 Q3 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.