Current Account in Ethiopia

Ethiopia Current Account (USD bn) | Economic News & Forecasts

Ethiopia - Current Account (billions of U.S. Dollars)

A high Covid-19 case count and escalating domestic instability suggest that the economy remains in the doldrums in Q2 FY 2021 (8 July 2021–7 July 2022). Covid-19 restrictions have been left largely unchanged at the outset of the quarter, likely subduing activity. Meanwhile, in early October, the government launched a major offensive against Tigray rebels and expelled UN officials on allegations of supporting Tigray forces, triggering a backlash from the international community and raising the risk of further sanctions, particularly from the U.S. In politics, Abiy Ahmed was sworn in as prime minister for a second five-year term on 4 October, after the delayed vote took place in three regions—Ahmed had already won 410 out of 436 parliamentary seats in the June elections.

Ethiopia - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-8.0  -6.7  -5.9  -5.1  -     

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Ethiopia Current Account (USD bn) Chart


Ethiopia Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Ethiopia.

Ethiopia Facts

Value Change Date
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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