Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Incoming data suggests that growth remained moderate in FY 2018, picking up only modestly from 2017’s outturn. Revived business sentiment, thanks to a more stable political scene, likely boosted activity, and the latest available data for Q2 FY 2018 showed solid investment growth. However, exports contracted in the same period, weighed on by softer demand and lower prices for some key goods. On a brighter note, Prime Minister Abiy Ahmed is continuing to push on with his reform drive and, in July, the government announced it would award two telecom licenses to multinational firms, opening up one of the world’s largest closed telecom markets. The move should help improve telecoms infrastructure and accessibility in the country. Meanwhile, violence broke out in the Amhara region in June, in a reported coup attempt, illustrating the fragile security situation.

Ethiopia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-6.1  -11.0  -11.1  -8.3  -7.0  

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Ethiopia Current Account Chart

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

Ethiopia Facts

Exchange Rate29.050.01 %Jul 11
Stock Market0.40.0 %Jul 11

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