GDP in Ethiopia

Ethiopia GDP | Economic News & Forecasts

Ethiopia - GDP

Growth is likely to have dipped in FY 2016, which ended on 7 July, as a significant drought affecting agricultural production depressed exports and consumer spending. However, the economy’s underlying fundamentals remain strong, and concerted government efforts to turn Ethiopia into the continent’s leading manufacturing hub are paying off. The country is attracting sizeable inward investment, particularly from key partner China, which is investing heavily in infrastructure projects. In August, the government announced an agreement to develop a port facility in Sudan. This should reduce reliance on Djibouti for access to global shipping lanes, helping diversify and expand the country’s international trade.

Ethiopia - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)9.9  10.3  10.4  8.0  -     

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Ethiopia GDP Chart


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

Ethiopia Facts

ValueChangeDate
Exchange Rate23.55-0.21 %Sep 21
Stock Market0.20.0 %Sep 21

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