Markets Actual Q1 Q2 Q3 Q4 2023
Currency 49.60 49.48 49.48 49.48 49.48 49.48

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 6.10 4.3 4.3 4.3 4.3 6.5
Unemployment Rate (%) 19.10 21.3 21.3 21.3 21.3 19.5
Inflation Rate (%) 33.00 25 18 14 12 10
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2735.10 -2900 -2730 -2850 -2750 -2800
Current Account (USD Million) -926.70 -800 -585 -700 -720 -1000
Current Account to GDP (% of GDP) -4.40 -4 -4 -4 -4 -3.6
Government Debt to GDP (% of GDP) 59.00 64 64 64 64 63
Government Budget (% of GDP) -4.00 -3.5 -3.5 -3.5 -3.5 -3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 6.10 4.3 4.3 4.3 4.3 6.5
GDP (USD Billion) 107.65 112 112 112 112 115
GDP per capita (USD) 826.95 580 580 580 650 650
GDP per capita PPP (USD) 2296.83 2100 2100 2100 2250 2250
GDP Constant Prices (ETB Billion) 1990.00 2076 2076 2076 2076 2210
GDP From Agriculture (ETB Billion) 650.30 678 678 678 678 722
GDP From Manufacturing (ETB Billion) 576.90 602 602 602 602 641
GDP From Services (ETB Billion) 786.80 821 821 821 821 874

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

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 33.00 25 18 14 12 10
Food Inflation (%) 38.90 28 25 20 20 18
Consumer Price Index CPI (points) 242.30 248 258 278 271 299
Inflation Rate Mom (%) -0.60 1.3 1.6 1.4 1.3 0.8

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 7.00 7 7 7 7 7

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) -2735.10 -2900 -2730 -2850 -2750 -2800
Current Account (USD Million) -926.70 -800 -585 -700 -720 -1000
Current Account to GDP (% of GDP) -4.40 -4 -4 -4 -4 -3.6
Imports (USD Million) 3911.90 3450 3600 3580 3600 3800
Exports (USD Million) 1176.90 720 750 830 800 780
Foreign Direct Investment (USD Million) 1906.70 580 620 700 700 970

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 59.00 64 64 64 64 63
Government Budget (% of GDP) -4.00 -3.5 -3.5 -3.5 -3.5 -3
Military Expenditure (USD Million) 460.00 502 502 502 475 475

Taxes Actual Q1 Q2 Q3 Q4 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 Friday, January 21, 2022.