Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Although growth slowed in FY 2017 as mining activity slumped and agricultural production stumbled, the economy expanded solidly overall on the back of strong increases in the manufacturing and services sectors. Moreover, robust annual growth in investment projects and rising tax revenue in July-December 2018 suggest healthy momentum carried over into FY 2018. Meanwhile, on the political front, parliament ratified the African Continental Free Trade Area agreement in late March, which has been signed by 52 African countries and should boost continental trade. Furthermore, in early April, parliament approved several financial assistance agreements with different international partners, amounting to almost USD 230 million available for infrastructure and urban sanitation projects.

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

ValueChangeDate
Exchange Rate28.510.01 %May 13
Stock Market0.30.0 %May 13

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