Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

? Recently-released GDP data revealed that growth slid in fiscal year 2017, which ended in July. Growth waned to 7.7% due to softer expansions in the agricultural and manufacturing sectors, while mining activity contracted sharply. Foreign exchange rate shortages plagued dynamics, hampering several sectors, while government fiscal consolidation and soft commodities prices likely also played a role. In the political arena, Prime Minister Abiy Ahmed continued to focus on opening the political space in recent weeks. Abiy appointed a new elections board chairperson at the end of November and met with opposition parties to discuss electoral reform ahead of the 2020 vote. Abiy has stated that the vote will be free, fair and transparent, after criticism over the last election and restrictions on civil society.

Ethiopia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-6.1  -11.0  -11.1  -8.4  -     

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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 Rate28.590.01 %Jan 16
Stock Market0.40.0 %Jan 16

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