Current Account in Ethiopia
Ethiopia - Current AccountIncoming 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
|Current Account (% of GDP)||-6.1||-11.0||-11.1||-8.3||-7.0|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Current Account Chart
Source: National Bank of Ethiopia.
|Exchange Rate||29.05||0.01 %||Jul 11|
|Stock Market||0.4||0.0 %||Jul 11|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.