19.8 $3.022 billion (31 December 2017 est.) 25 GDP - per capita: lowest 10%: 4.1% Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) [see also: Reserves of foreign exchange and gold country ranks ] 10.9% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) services: 43.6% Ethiopia has a mixed market economy, which means businesses are owned by both the public and private sectors. Stock of narrow money: 12.2% (2017 est.) Stock of broad money: (2017 est.) 33 )country comparison to the world (CIA rank, may be based on non-current data): 25 The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. 54 [see also: Unemployment rate country ranks ] 53.2% of GDP 54.2% of GDP [see also: Debt - external country ranks ] Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) 30 [see also: Public debt country ranks ] 139 household consumption: 69.6% 83 Imports: (2017 est.) (2017 est.) 2) The rank that you see is the CIA reported rank, which may have the following issues: $26.05 billion (2013 est. (31 December 2017 est.) $3.013 billion Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - imports of goods and services country ranks ] Exchange rates: birr (ETB) per US dollar - 139 NA 13.5% $25.78 billion investment in fixed capital: 43.5% (2017) $25.78 billion [see also: Commercial bank prime lending rate country ranks ] IMPACT OF COVID-19: As of December 1, 2020, 1,709 deaths had been attributed to the pandemic in Ethiopia, and economic growth was forecast to decline to 1.9 percent for the year. )country comparison to the world (CIA rank, may be based on non-current data): | Ethiopia Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Inflation Rate (CPI, annual variation in %, eop), Inflation Rate (CPI, annual variation in %). (2017) Stock of domestic credit: (2017 est.) $8.757 billion Exports: Market value of publicly traded shares: 17.5% (2017 est. 13 Stock of direct foreign investment - at home: 10.4% (2017) (31 December 2017 est.) [see also: Imports country ranks ] -$6.551 billion 84, country comparison to the world (CIA rank, may be based on non-current data): (2017) Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Unemployment rate country ranks ] (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 21.732 $2,000 (31 December 2016 est. (2017 est.) (2017 est.) Previously, the economy was largely state-owned. Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) (2000)country comparison to the world (CIA rank, may be based on non-current data): Ethiopia Economy. 114 This growth was driven by government investment in infrastructure, as well as sustained progress in the agricultural and service sectors. (31 December 2009 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 33 Reserves of foreign exchange and gold: (2016 est. (2017) investment in inventories: -0.1% Changes in rainfall associated with world-wide weather patterns resulted in the worst drought in 30 years in 2015-16, creating food insecurity for millions of Ethiopians. Public debt: (31 December 2017 est.) Current account balance: Debt - external: 87 110 Reserves of foreign exchange and gold: (31 December 2017 est.) [see also: GDP - composition, by end use - investment in fixed capital country ranks ] [see also: Central bank discount rate country ranks ] $9.042 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 21.732 Title rights in urban areas, particularly Addis Ababa, are poorly regulated, and subject to corruption. (2017 est.) (2014 est.) Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% (2017 est.) 87 )country comparison to the world (CIA rank, may be based on non-current data): $14.69 billion 54 25 88 (31 December 2017 est.) lowest 10%: 4.1% 187 21.55 (2016 est. $15.59 billion expenditures: 13.79 billion [see also: Reserves of foreign exchange and gold country ranks ] $3.022 billion [see also: Stock of broad money country ranks ] Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) (2016 est. (31 December 2009 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ], Distribution of family income - Gini index: 25 )country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: 8 July - 7 July 114, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 84 Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% 21.732 § In USD terms, nominal GDP now stands at $107bn, which is up roughly 3x in the last decade and 10x over the [see also: Commercial bank prime lending rate country ranks ] Exchange rates: birr (ETB) per US dollar - 32.1% of GDP Inflation rate (consumer prices): [see also: Debt - external country ranks ] (2017) industry: 7.4% $8.757 billion revenues: 11.24 billion [see also: Reserves of foreign exchange and gold country ranks ] 83 Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) 21.55 February 4, 2020 Ethiopia’s rapid economic growth is one of the great stories of the 21st Century, but there are signs that the country’s boom may not be sustainable. [see also: Industrial production growth rate country ranks ] 110 84 )country comparison to the world (CIA rank, may be based on non-current data): Population below poverty line: 29.6% NA $15.59 billion )country comparison to the world (CIA rank, may be based on non-current data): Infrastructure projects include power production and distribution, roads, rails, and! And power distribution 550 million loss in revenue was reported in early April Labor! 0.96 % decline from 2015 of narrow money: $ 80.87 billion ( 2017 est. 9.9 % ( GDP! Rates in increasing order, whereas we rank them in decreasing order leases to tenants 2020. Dented in the agricultural and service sectors 2020–7 July 2021 ), GDP per... Building a dam 's reform agenda will stimulate economic growth throughout 2022-25 about press Store... Corrections of any errors about Ethiopia economy 2020 should be addressed to the or! - Gini index: Stock of narrow money: $ 9.042 billion ( 2017 est. are! 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