Markets Actual Q3 Q4 Q1 Q2 2023
Currency 52.56 52.64 52.71 52.79 52.86 53.01

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.70 4.5 4.5 5.2 5.2 5.2
Unemployment Rate (%) 19.10 21.3 21.3 21.3 21.3 19.5
Inflation Rate (%) 32.50 31.7 30.5 28 24 20
Interest Rate (%) 7.00 9 9 9 9 9
Balance of Trade (USD Million) -3552.40 -2750 -2800 -2800 -2800 -3020
Current Account (USD Million) -1018.10 -700 -720 -720 -720 -1000
Current Account to GDP (% of GDP) -4.30 -5 -5 -4.1 -4.1 -4.1
Government Debt to GDP (% of GDP) 57.00 60 60 62 62 62
Government Budget (% of GDP) -2.70 -3.4 -3.4 -3.4 -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 Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 8.70 4.5 4.5 5.2 5.2 5.2
GDP (USD Billion) 111.27 112 112 112 112 115
GDP per Capita (USD) 852.01 580 650 650 650 650
GDP per Capita PPP (USD) 2366.42 2100 2250 2250 2250 2250
GDP from Manufacturing (ETB Billion) 618.80 647 647 651 651 680
GDP from Services (ETB Billion) 836.20 874 874 880 880 919
GDP Constant Prices (ETB Billion) 2114.20 2209 2209 2224 2224 2324
GDP from Agriculture (ETB Billion) 686.40 717 717 722 722 755

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 19.10 21.3 21.3 21.3 21.3 19.5
Population (million) 115.00 118 120 120 120 120

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 32.50 31.7 30.5 28 24 20
Food Inflation (%) 33.20 31 27 24 20 18
Consumer Price Index CPI (points) 310.80 321 321 342 363 385
Inflation Rate MoM (%) 2.90 2.3 1.8 2 1.6 1.4

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 7.00 9 9 9 9 9

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -3552.40 -2750 -2800 -2800 -2800 -3020
Current Account (USD Million) -1018.10 -700 -720 -720 -720 -1000
Current Account to GDP (% of GDP) -4.30 -5 -5 -4.1 -4.1 -4.1
Imports (USD Million) 4605.90 3580 3600 3600 3600 3800
Exports (USD Million) 1053.50 830 800 800 800 780
Foreign Direct Investment (USD Million) 805.80 700 700 700 700 970

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 57.00 60 60 62 62 62
Government Budget (% of GDP) -2.70 -3.4 -3.4 -3.4 -3.5 -3.5
Military Expenditure (USD Million) 460.00 502 475 475 475 475

Taxes Actual Q3 Q4 Q1 Q2 2023
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


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Ethiopia Forecast - was last updated on Monday, September 26, 2022.