GDP in Ethiopia

Ethiopia GDP | Economic News & Forecasts

Ethiopia - GDP

Ethiopia is off to a rough start in 2017. On 17 January, the government launched an appeal for USD 948 million to address food needs as the country is facing a new drought. According to the UN Food and Agriculture Organization (FAO), this will have a particularly negative impact on livestock, which accounts for about 20% of GDP. The government’s response plan aims to help 5.6 million people mainly in the southern and eastern parts of Ethiopia. The country had already faced a disastrous El Niño-induced drought last year, which is likely to have derailed the economy from the government’s double-digit growth target for FY 2015, which ended in July 2016. On a more positive note, the Djibouti-Ethiopia railway was inaugurated, which should help unlock Ethiopia’s commercial potential in the long-run.

Ethiopia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)8.7  9.9  10.3  10.2  -     

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Ethiopia GDP Chart

Ethiopia GDP
Note: GDP, annual variation in %.
Source: National Bank of Ethiopia.

Ethiopia Facts

Exchange Rate22.75-0.45 %Feb 16

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