Markets Actual Q1 Q2 Q3 Q4 2022
Currency 39.84 40.1 40.36 40.62 40.89 41.42

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 6.10 -0.1 -0.1 -0.1 -0.1 9
Unemployment Rate (%) 19.10 21.6 21.6 21.6 21.6 21.3
Inflation Rate (%) 19.20 15 12 10.4 10 8
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2645.60 -2700 -2920 -2880 -2900 -2950
Current Account (USD Million) -785.50 -1800 -1410 -1360 -1450 -1520
Current Account to GDP (%) -4.50 -5.8 -5.8 -5.8 -5.8 -5.3
Government Debt to GDP (%) 57.00 65 65 65 65 62
Government Budget (% of GDP) -2.50 -3.7 -3.7 -3.7 -3.7 -3.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 6.10 -0.1 -0.1 -0.1 -0.1 9
GDP (USD Billion) 96.11 97 97 97 97 105
GDP per capita (USD) 602.20 580 580 580 580 650
GDP per capita PPP (USD) 2219.70 2100 2100 2100 2100 2250
GDP Constant Prices (ETB Billion) 1990.00 1912 1873 1873 2184 1910
GDP From Agriculture (ETB Billion) 650.30 636 623 623 763 636
GDP From Manufacturing (ETB Billion) 576.90 537 526 526 590 536
GDP From Services (ETB Billion) 786.80 761 745 745 856 760

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 19.10 21.6 21.6 21.6 21.6 21.3
Population (million) 112.00 118 118 118 118 120

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 19.20 15 12 10.4 10 8
Food Inflation (%) 22.00 20 20.7 21 22 23
Consumer Price Index CPI (points) 184.90 189 197 199 200 216
Inflation Rate Mom (%) 1.65 2 2.5 1.7 2.2 3

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 7.00 7 7 7 7 7

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -2645.60 -2700 -2920 -2880 -2900 -2950
Current Account (USD Million) -785.50 -1800 -1410 -1360 -1450 -1520
Current Account to GDP (%) -4.50 -5.8 -5.8 -5.8 -5.8 -5.3
Imports (USD Million) 3480.30 3600 3600 3850 3700 3850
Exports (USD Million) 834.70 680 720 750 750 750
Foreign Direct Investment (USD Million) 632.00 750 800 900 1100 1100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 57.00 65 65 65 65 62
Government Budget (% of GDP) -2.50 -3.7 -3.7 -3.7 -3.7 -3.5
Military Expenditure (USD Million) 503.00 502 502 502 502 475

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 15.00 15 15 15 15 15


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.