GDP in Ethiopia

Ethiopia GDP | Economic News & Forecasts

Ethiopia - GDP

Growth strengthened in the 2018–2019 fiscal year, which ended in July, boosted by rock-solid industrial production and a thriving services sector. Soaring infrastructure spending and buoyant activity in transport and communications were behind the stellar performances of the secondary and tertiary sectors, respectively. However, agricultural output increased at a much softer pace. Meanwhile, in mid-December, the government struck an agreement with the IMF for a three-year USD 2.9 billion financing package which will support the country’s economic reform agenda. Earlier in the month, Prime Minister Abiy Ahmed stated the country will receive a USD 3.0 billion loan from the World Bank with the same end. On the political front, the electoral board proposed to hold national elections on 16 August, which would mark the first elections since Ahmed’s gradual political and economic liberalization reforms.

Ethiopia - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)10.4  8.0  10.9  7.7  -     

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Ethiopia GDP Chart

Ethiopia GDP
Note: GDP, annual variation in %.
Source: National Bank of Ethiopia.

Ethiopia Facts

Value Change Date
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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