Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Growth likely held steady in the 2018–2019 fiscal year, which ended in July, underpinned by robust infrastructure investment and despite foreign exchange shortages and electricity rationing. Although data is scarce, momentum seemingly eased heading into the current fiscal year, as a locust invasion has devoured crops in in the eastern part of the country. Meanwhile, on the political front, the government announced at the end of November that it will remove barriers to investment in its mining sector, by giving incentives to invest in minerals used in agriculture and construction. Moreover, the government—which has secured a grant of more than EUR 350 million from Germany to support pro-market reforms—revealed it will privatize six sugar projects in Q1 2020. That said, the cabinet will keep the country’s banking and insurance sector closed to foreign investors, according to a draft law made known in early December.

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

ValueChangeDate
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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