GDP in Ethiopia
Ethiopia - GDPThe country’s ongoing domestic conflict will have dampened activity in the first half of FY 2021 (8 July 2021–7 July 2022). In late November, Prime Minister Abiy Ahmed temporarily stepped down from his post to officially join the battlefront against rebel troops, who had made significant progress against government forces. On 6 December, the government announced that it had regained control of two strategic cities, which prompted the prime minister to return to his official position. Meanwhile, continued violence against Tigrayan citizens has caused a backlash from several countries, including the U.S., whose authorities have asked for the immediate cessation of the conflict and threatened further trade sanctions down the line. Meanwhile, soaring inflation in October–November will have further weighed on activity.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||8.0||10.1||7.7||9.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||31.98||0.01 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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