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Factsheet updated October 2021. Next update April 2022. Ethiopia Most data refers to 2020 (*indicates the most recent available) (all forecasts
from Oct 2021 IMF data)
Economic Overview
Nominal GDP ($US bn) 96.6 GDP growth (annual %) 12.0 Inflation (annual %)
Real annual GDP Growth (%) 6.1 30.0
GDP per capita ($US) 994.2 10.0 25.0
Withdrawn 8.0
Annual inflation rate (%) 20.4 20.0
Unemployment rate (%) - 6.0 15.0
Fiscal balance (% of GDP) -2.8
Current account balance (% of GDP) -4.6 4.0 10.0
1 2.0 5.0
Due to the method of estimating value added, pie chart may not add up to 100%
1 0.0 0.0
2013 2015 2017 2019 2021 2023 2025 2013 2015 2017 2019 2021 2023 2025
1
Share of GDP*
1
1 Agriculture, forestry, Fiscal balance (% of GDP) Current account balance (% of GDP)
1 and fishing, value 0.0 0.0
36.8 1 35.5 added (% of GDP)
Industry (including -0.5 -2.0
1 construction), value
-1.0 -4.0
1 added (% of GDP)
1 Services, value added in -1.5 -6.0
1 (% of GDP) -2.0 -8.0
1 23.1 -2.5 -10.0
1 -3.0 -12.0
1 June -14.0
1 -3.5
2013 2015 2017 2019 2021 2023 2025 2013 2015 2017 2019 2021 2023 2025
1
Population*
1 3.5 Population ages 0-14
1 (% of total population) Human Development Index GDP per capita ($US)
1 (1= highly developed, 0= undeveloped)
39.9 Population ages 15-64 Data label is global HDI ranking 0.515 Data label is global GDP per capita ranking
1 (% of total population) 1,150
1 0.510 2022 1,100
0.505
1 Population ages 65 0.500 1,050
56.5 and above (% of total 0.495 1,000
0.490
population) 0.485 950
0.480 900
0.475
170 172 173 174 175 0.470 159 160 161 162 163 850
0.465 800
Sudan The Gambia Ethiopia Malawi Congo Guinea Zambia Ethiopia Lesotho Uganda
(Democratic
Republic)
Compiled by the FCDO Economics and Evaluation Directorate using data from external sources. Contact Sophie.Appleyard@fco.gov.uk for more information about this factsheet.
Factsheet updated October 2021. Next update April 2022. Ethiopia Most data refers to 2020 (*indicates the most recent available) (all forecasts
from Oct 2021 IMF data)
Trade & Investment
Macroeconomy Population †for latest statistics, see DIT factsheets
Withdrawn https://www.gov.uk/government/collections/trade-and-investment-factsheets
Real annual GDP growth (%) 6.1 Population (millions) 97.18 Current account balance (% of GDP) -4.6
GDP at Purchasing Power Parity ($US bn) 282.6 Population growth rate (% change) 1.599 Current account balance ($US bn) -4.4
GDP at Purchasing Power Parity per capita ($) 2,907.9 Urban population (%) 21.7 Total exports of goods and services ($US bn) 7.2
GDP at PPP as a share of world (%) 0.2 Development Total imports of goods and services ($US bn) 20.4
Government Finance Human Capital Index score for 2020 (min 0, max 1) 0.38 Exports of goods to UK (£m)† 330
General government net debt (% of GDP) 51.8 Human Development Index (min 0, max 1)* 0.49 Imports of goods from UK (£m)† 559
General government gross debt (% of GDP) 55.4 Life expectancy at birth (years)* 66.6 Exports of services to UK (£m)† 122
Fiscal balance (% of GDP) -2.8 Literacy rates (%)* 51.8 Imports of services from UK (£m)† 147
General government revenue (% of GDP) 11.7 Income inequality (equality 0, inequality 100)* 35.0 Exports + imports as share of GDP (%) 28.5
General government expenditure (% of GDP) 14.5 Internet users (% population)* 25.0 Inward direct investment flow ($US bn)* 2.52
Current health expenditure (% of GDP)* 3.3 Net aid received per capita ($US)* 42.9 Inward direct investment stocks ($US bn)* 24.9
Public education expenditure (% of GDP)* 4.7 Infant mortality (per 1,000 live births) 36.5 Emissions & Environment
Military expenditure (% of GDP)* Fertility Rate* CO emissions per capita (tonnes)*
0.5 in 4.15 2 0.1
Foreign Exchange reserves ($US bn)* 3.0 Personal remittances, received (% of GDP) 0.47 Pump price for petrol ($US per litre)* 0.75
Energy Net ODA received (% of GNI) 5.05 Energy use per capita (kg of oil equivalent)* -
Oil production (thousand barrels per day) Poverty headcount ratio at $1.90 per day* Food imports (% share of goods imports)*
June
- 30.80 15.1
Gas production (bn cubic metres per year) - Poverty headcount ratio at $3.20 per day* 68.90 Forest area (% of land area)* 15.1
Net energy imports (% of energy use)* - Agricultural land (% of land area)* 33.6
Forecast and comparison with other countries/territories
Value Global Ranking (1-185) Comparator countries/territories in 2020
Indicator 2020 2021 forecast 2026 forecast 2020 2021 forecast 2026 forecast
Population (million) 97.2 98.7 n/a 15 14 - Below Vietnam, Above Congo UK rank is 21
(Democratic Republic)
2022
Nominal GDP ($US bn) 96.6 92.8 - 64 63 - Below Ecuador, Above Myanmar UK rank is 5
(Burma)
GDP/capita ($US) 994 940 - 161 163 - Above Low income Economy Average UK rank is 22
($663.18)
Real annual GDP growth (%) 6.1 2.0 - 3 148 - Above Low Income Economy Average UK rank is 161
(-0.92%)
General government gross debt (% of GDP) 55.4 57.1 - All data externally sourced from the IMF World Economic Outlook, World Bank WDI
Database, NATO, BP Statistical Review of World Energy, UNCTAD statistics, ONS UK
Fiscal balance (% of GDP) -2.8 -3.0 - Balance of Payments and UN International Human Development Indicators.
Annual inflation rate (%) Factsheets for 185 countries and a detailed sources page can be found on the
20.4 25.2 - Economics Unit SharePoint (FCDO users only):
Unemployment rate (%) - - - https://www.gov.uk/government/collections/fco-economic-factsheets
Compiled by the FCDO Economics and Evaluation Directorate using data from external sources. Contact Sophie.Appleyard@fco.gov.uk for more information about this factsheet.
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