Ethiopia - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 27.55
27.79 28.11 28.44 28.77 30.13
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 10.20
percent
7.3 7.3 9 9.5 11.5
GDP 80.56
USD Billion
88 88 94 94 105
GDP per capita 549.80
USD
567 567 605 605 625
GDP per capita PPP 1729.90
USD
1793 1793 1902 1902 2022
GDP Constant Prices 1699.20
ETB Billion
1823 1823 1852 1861 2263
GDP From Agriculture 573.10
ETB Billion
615 615 625 628 763
GDP From Manufacturing 404.30
ETB Billion
434 434 441 443 538
GDP From Services 620.20
ETB Billion
665 665 676 679 826
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 16.80
percent
15 15 14.5 14.5 14
Population 105.00
million
107 108 108 109 114
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 13.40
percent
13 12.3 12.5 12.7 12
Food Inflation 16.70
percent
16.5 16.3 15.97 16.07 16.11
Inflation Rate Mom 0.40
percent
1.85 -0.5 0.36 0.99 0.25
Cpi Housing Utilities 183.50
Index Points
185 186 186 186 186
CPI Transportation 122.90
Index Points
133 139 134 145 175
Consumer Price Index Cpi 193.00
Index points
199 199 209 217 251
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 7.00
percent
7 7 7 7 7
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -3295.80
USD Million
-3263 -3263 -3117 -3100 -3225
Exports 667.90
USD Million
729 701 845 877 752
Imports 3963.70
USD Million
3992 3975 3962 3977 3977
Current Account -1852.60
USD Million
-1825 -1829 -1835 -1837 -1835
Current Account to GDP -8.50
percent
-10.5 -10.5 -9.8 -9.8 -8.9
Terrorism Index 5.94
5.03 5.44 5.52 5.59 2.93
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 33.50
percent
33 33 30 30 29
Government Budget -3.30
percent of GDP
-1.97 -2.01 -2.1 -2.19 -2.13
Military Expenditure 497.29
USD Million
495 494 492 490 475
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 3080.92
KBps
3284 3284 3284 3284 3284
IP Addresses 9416.00
IP
10274 10290 10282 10286 10285
Ease of Doing Business 161.00
156 153 150 147 118
Corruption Index 35.00
Points
35 36 36 36 35
Corruption Rank 107.00
111 112 112 112 111
Competitiveness Index 3.78
Points
3.76 3.76 3.77 3.77 3.77
Competitiveness Rank 108.00
116 116 121 122 120
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 16.32
mm
126 37.65 23.14 66.66 69.68
Temperature 21.97
celsius
22.96 22.03 23.14 23.62 23.58