Markets Actual Q4 Q1 Q2 Q3 2021
Currency 37.38 37.58 37.82 38.07 38.32 38.82

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 6.10 2.5 4 4 4 4
Unemployment Rate (%) 19.10 23 21.6 21.6 21.6 21.6
Inflation Rate (%) 18.70 18 15 12 10.4 10
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2868.70 -2975 -2700 -2920 -3030 -2900
Current Account (USD Million) -1649.50 -1800 -1800 -1410 -1360 -1450
Current Account to GDP (%) -4.50 -7 -5.8 -5.8 -5.8 -5.8
Government Debt to GDP (%) 57.00 80 75 75 75 75
Government Budget (% of GDP) -2.50 -4 -3.7 -3.7 -3.7 -3.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 6.10 2.5 4 4 4 4
GDP (USD Billion) 96.11 90 97 97 97 97
GDP per capita (USD) 602.20 500 580 580 580 580
GDP per capita PPP (USD) 2219.70 1900 2100 2100 2100 2100
GDP Constant Prices (ETB Billion) 1874.70 2015 1922 1950 1950 2184
GDP From Agriculture (ETB Billion) 624.00 704 640 649 649 763
GDP From Manufacturing (ETB Billion) 526.20 544 539 547 547 590
GDP From Services (ETB Billion) 745.70 790 764 776 776 856

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 19.10 23 21.6 21.6 21.6 21.6
Population (million) 112.00 115 118 118 118 118

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 18.70 18 15 12 10.4 10
Food Inflation (%) 22.00 23 20 20.7 21 22
Consumer Price Index CPI (points) 180.30 153 182 189 197 168
Inflation Rate Mom (%) -1.31 1.8 2 2.5 1.7 2.2

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

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -2868.70 -2975 -2700 -2920 -3030 -2900
Current Account (USD Million) -1649.50 -1800 -1800 -1410 -1360 -1450
Current Account to GDP (%) -4.50 -7 -5.8 -5.8 -5.8 -5.8
Imports (USD Million) 3626.30 3400 3600 3600 3850 3700
Exports (USD Million) 757.60 700 680 720 750 750
Foreign Direct Investment (USD Million) 561.40 520 750 800 900 1100

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 57.00 80 75 75 75 75
Government Budget (% of GDP) -2.50 -4 -3.7 -3.7 -3.7 -3.7
Military Expenditure (USD Million) 503.00 490 502 502 502 502

Taxes Actual Q4 Q1 Q2 Q3 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.