Trade Balance in Ethiopia
Ethiopia - Trade BalanceMidway through the second quarter of FY 2020 (8 July 2020–7 July 2021), the economic panorama remains grim. Restrictive measures to curb the spread of the coronavirus remain largely in place, with only some schools reopening in late October. As such, domestic demand is set to be dented in the quarter. Moreover, the armed conflict in the country’s Tigray region has intensified recently, further weighing on the domestic economy and sparking fears of civil war. Tensions on the external front also remain as a new round of talks with Egypt and Sudan conducted in early November failed to overcome differences over the Nile river dam dispute. Additionally, rising new Covid-19 cases globally will likely hamper the external sector and further weaken foreign demand, thereby dragging on the economy in the quarter.
Ethiopia - Trade Balance Data
|Trade Balance (USD billion)||-13.8||-13.6||-12.9||-12.6||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Trade Balance 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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