The economy of Ethiopia grew 6.1 percent in the 2019/2020 fiscal year, the weakest expansion since a contraction was observed in 2002, mainly due to the impact of the Covid-19 pandemic. It compares with an earlier estimate of a 10.8 percent growth before Ethiopia's first reported case of the new coronavirus.

GDP Annual Growth Rate in Ethiopia averaged 5.87 percent from 1981 until 2019, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in Ethiopia is expected to reach 2.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Ethiopia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.10 9.00 13.90 -11.10 1981 - 2019 percent Yearly

Ethiopia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.10 9.00 13.90 -11.10 percent [+]
GDP 96.11 84.27 96.11 6.93 USD Billion [+]
GDP per capita 602.20 570.70 602.20 164.30 USD [+]
GDP per capita PPP 2219.70 2103.50 2219.70 605.80 USD [+]
GDP Constant Prices 1874.70 1719.50 1874.70 184.60 ETB Billion [+]
GDP From Agriculture 624.00 600.90 624.00 98.30 ETB Billion [+]
GDP From Manufacturing 526.20 464.40 526.20 17.70 ETB Billion [+]
GDP From Services 745.70 673.90 745.70 69.40 ETB Billion [+]

Ethiopia GDP Annual Growth Rate
Ethiopia is among the fastest growing non-oil economies in the world as the government reforms undertaken in recent years have succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry.