Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Growth 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

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 Rate29.590.01 %Sep 04
Stock Market0.40.0 %Sep 04

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