Current Account in Ethiopia
Ethiopia - Current AccountGrowth is expected to have remained cool in FY 2018 and at the start of FY 2019, constrained by a wide current account deficit, drought and security concerns. Recent data revealed that the trade deficit widened in Q3 FY 2018, as exports dropped in the period, while imports rose mildly amid a higher fuel bill. In addition, low water levels led to electricity rationing from May to July, disrupting economic activity. That said, the government’s progress on economic reforms is shoring up the longer-term outlook. On 31 July, the government passed a bill opening up the financial sector to allow citizens who have acquired other nationalities to be able to invest in banks and lend money more easily. In addition, in August, the government granted a foreign company a financial-sector business license for the first time.
Ethiopia - Current Account Data
|Current Account (% of GDP)||-6.1||-11.0||-11.1||-8.3||-7.0|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Current Account Chart
Source: National Bank of Ethiopia.
|Exchange Rate||29.59||0.01 %||Sep 04|
|Stock Market||0.4||0.0 %||Sep 04|
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