Ethiopia recorded a Current Account deficit of 1649.50 USD Million in the first quarter of 2020.

Current Account in Ethiopia averaged -988.91 USD Million from 2006 until 2020, reaching an all time high of 159.30 USD Million in the second quarter of 2007 and a record low of -2535.80 USD Million in the fourth quarter of 2014. This page provides - Ethiopia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia Current Account - values, historical data and charts - was last updated on October of 2020.

Current Account in Ethiopia is expected to be -1700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Ethiopia to stand at -1410.00 in 12 months time. In the long-term, the Ethiopia Current Account is projected to trend around -1450.00 USD Million in 2021 and -1520.00 USD Million in 2022, according to our econometric models.

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Ethiopia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1649.50 -1584.50 159.30 -2535.80 2006 - 2020 USD Million Quarterly

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -2868.70 -3209.50 -956.70 -3852.10 USD Million [+]
Current Account -1649.50 -1584.50 159.30 -2535.80 USD Million [+]
Current Account to GDP -4.50 -6.50 1.50 -12.60 percent [+]
Imports 3626.30 3820.00 4436.30 1355.50 USD Million [+]
Exports 757.60 610.50 984.80 265.90 USD Million [+]
Foreign Direct Investment 561.40 661.60 1327.30 151.90 USD Million [+]
Terrorism Index 5.35 5.63 5.94 2.31 [+]

Ethiopia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).