This page has economic forecasts for Ethiopia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ethiopia economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 27.83
27.92 28.24 28.57 28.91 30.28
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 10.20
percent
7.3 9 9.5 10 11.5
GDP 80.56
USD Billion
88 94 94 94 105
GDP per capita 549.80
USD
567 605 605 605 625
GDP per capita PPP 1729.90
USD
1793 1902 1902 1902 2022
GDP Constant Prices 1699.20
ETB Billion
1823 1852 1861 2006 2263
GDP From Agriculture 573.10
ETB Billion
615 625 628 676 763
GDP From Manufacturing 404.30
ETB Billion
434 441 443 477 538
GDP From Services 620.20
ETB Billion
665 676 679 732 826
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 16.80
percent
15 14.5 14.5 14.5 14
Population 105.00
million
108 108 109 109 114
Living Wage Family 7150.00
ETB/Month
7216 7187 7173 7159 7161
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 11.50
percent
10 9.5 9 8.5 10
Food Inflation 12.70
percent
16.3 11.85 11.78 11.71 11.71
Inflation Rate Mom -0.25
percent
-0.5 0.36 0.99 0.99 0.25
Cpi Housing Utilities 183.30
Index Points
184 183 183 183 183
CPI Transportation 126.00
Index Points
136 131 140 129 161
Consumer Price Index Cpi 196.50
Index points
195 203 210 214 231
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 7.00
percent
7 7 7 7 7
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -2806.20
USD Million
-3021 -2863 -2806 -2913 -2920
Exports 739.30
USD Million
659 738 785 706 688
Imports 3545.50
USD Million
3729 3601 3591 3619 3608
Current Account -1435.60
USD Million
-1788 -1738 -1743 -1743 -1747
Current Account to GDP -8.50
percent
-10.5 -9.8 -9.8 -9.8 -8.9
Terrorism Index 5.94
5.94 5.94 5.94 5.94 5.94
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 33.50
percent
33 30 30 30 29
Government Budget -3.30
percent of GDP
-3.3 -3.3 -3.3 -3.3 -3.3
Military Expenditure 497.29
USD Million
494 492 490 488 475
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 3080.92
KBps
3284 3284 3284 3284 3284
IP Addresses 9416.00
IP
10290 10282 10286 10284 10285
Ease of Doing Business 159.00
155 151 149 147 126
Corruption Index 35.00
Points
35 35 35 35 35
Corruption Rank 107.00
107 107 107 107 107
Competitiveness Index 44.45
Points
44.95 44.95 44.95 44.95 47.45
Competitiveness Rank 122.00
122 122 122 122 122
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 16.32
mm
37.65 23.14 66.66 65.96 69.68
Temperature 21.97
celsius
22.03 23.14 23.62 23.62 23.58



Ethiopia - Economic Forecasts - 2018-2020 Outlook