GDP in Ethiopia
Ethiopia - GDPThe latest available data suggests growth softened in July-December 2018, dragged down by lower-than-budgeted public capital spending and shrinking exports. In May, falling water levels in hydropower dams prompted the government to start rationing electricity for households and industrial firms, and to suspend electricity exports, which might further constrain growth. Activity cooled in FY 2017, on lower agricultural and mining production, although was solid nonetheless thanks to notable expansions in the manufacturing and services sectors. In the political arena, the cabinet approved the budget for FY 2019, which provides for a notable increase in government spending; however, Parliament still has to ratified it. Meanwhile, in early June, the government secured a USD 350 million financial assistance agreement with the World Bank, aimed at supporting the livestock production sector.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||10.4||10.4||8.0||10.9||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||29.05||0.01 %||Jun 20|
|Stock Market||0.1||0.0 %||Jun 20|
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