Markets Actual Q2 Q3 Q4 Q1 2022
Currency 43.39 43.67 43.95 44.24 44.53 45.11

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 6.10 8.7 8.7 8.7 10 10
Unemployment Rate (%) 19.10 21.6 21.6 21.6 21.3 21.3
Inflation Rate (%) 19.70 18 16 10 8.5 8
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -2599.40 -2520 -2880 -2900 -2860 -3350
Current Account (USD Million) -592.60 -1410 -1700 -1800 -1650 -1520
Current Account to GDP (% of GDP) -4.40 -3.6 -3.6 -3.6 -4 -4
Government Debt to GDP (% of GDP) 59.00 63 63 63 61 61
Government Budget (% of GDP) -2.50 -2.7 -2.7 -2.7 -3.4 -3.4
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 2022
GDP Annual Growth Rate (%) 6.10 8.7 8.7 8.7 10 10
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 2163 2163 2163 2189 2379
GDP From Agriculture (ETB Billion) 650.30 707 707 707 715 778
GDP From Manufacturing (ETB Billion) 576.90 627 627 627 635 690
GDP From Services (ETB Billion) 786.80 855 855 855 865 941

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

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 19.70 18 16 10 8.5 8
Food Inflation (%) 22.10 23 22 21.5 20.6 18
Consumer Price Index CPI (points) 204.20 207 209 200 215 216
Inflation Rate Mom (%) 2.20 1.8 1.4 2 1.3 1.3

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

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -2599.40 -2520 -2880 -2900 -2860 -3350
Current Account (USD Million) -592.60 -1410 -1700 -1800 -1650 -1520
Current Account to GDP (% of GDP) -4.40 -3.6 -3.6 -3.6 -4 -4
Imports (USD Million) 3321.70 3200 3850 3700 4000 4100
Exports (USD Million) 722.30 720 750 840 720 750
Foreign Direct Investment (USD Million) 706.50 540 730 800 580 1100

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 59.00 63 63 63 61 61
Government Budget (% of GDP) -2.50 -2.7 -2.7 -2.7 -3.4 -3.4
Military Expenditure (USD Million) 460.00 502 502 502 502 475

Taxes Actual Q2 Q3 Q4 Q1 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.