Markets Actual Q2 Q3 Q4 Q1 2021
Currency 34.08 34.07 34.29 34.51 34.74 35.19

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 9.00 3 3 3 4.4 4.4
Unemployment Rate (%) 19.10 20 20 20 20.5 20.5
Inflation Rate (%) 19.80 19.3 17 16 15 18
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -3023.80 -2950 -3000 -3010 -3010 -3200
Current Account (USD Million) -1644.80 -980 -1300 -1350 -1350 -1620
Current Account to GDP (%) -4.50 -5.4 -5.4 -5.4 -4.6 -4.6
Government Debt to GDP (%) 57.00 80 80 80 84 84
Government Budget (% of GDP) -2.50 -5 -5 -5 -4.7 -4.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 9.00 3 3 3 4.4 4.4
GDP (USD Billion) 94.00 99.37 105 105 110 110
GDP per capita (USD) 570.30 640 640 640 675 675
GDP per capita PPP (USD) 1794.29 1848 1848 2022 1848 1941
GDP Constant Prices (ETB Billion) 1874.70 1931 1931 1931 1957 2016
GDP From Agriculture (ETB Billion) 624.00 643 643 643 651 671
GDP From Manufacturing (ETB Billion) 526.20 542 542 542 549 566
GDP From Services (ETB Billion) 745.70 768 768 768 779 802

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 19.10 20 20 20 20.5 20.5
Population (million) 112.00 115 115 115 118 118

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 19.80 19.3 17 16 15 18
Food Inflation (%) 26.90 25 20 24 17 23
Consumer Price Index Cpi (points) 167.60 172 177 179 189 211
Inflation Rate Mom (%) 2.00 4 3.8 3.8 3.4 4

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 7.00 7 7 7 7 7

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -3023.80 -2950 -3000 -3010 -3010 -3200
Current Account (USD Million) -1644.80 -980 -1300 -1350 -1350 -1620
Current Account to GDP (%) -4.50 -5.4 -5.4 -5.4 -4.6 -4.6
Imports (USD Million) 3746.40 3780 3640 3750 3750 4000
Exports (USD Million) 723.00 830 640 740 740 800
Foreign Direct Investment (USD Million) 700.20 685 700 1250 1250 900

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 57.00 80 80 80 84 84
Government Budget (% of GDP) -2.50 -5 -5 -5 -4.7 -4.7

Taxes Actual Q2 Q3 Q4 Q1 2021
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.