Ethiopia Current Account to GDP

Ethiopia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia. Current Account to GDP in Ethiopia averaged -2.93 Percent from 1981 until 2012, reaching an all time high of 1.82 Percent in 1994 and a record low of -12.74 Percent in 2005. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Ethiopia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.60 -0.70 1.82 -12.74 -6.66 | 2013/12 1981 - 2012 Percent Yearly

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Ethiopia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -2288.40 2013-09-30 -1821.40 -956.70 -2366.20 -2116.79 2013-12-31 USD Million [+]
Current Account -1141.40 2013-09-30 -851.70 159.30 -1141.40 -1138.58 2013-12-31 USD Million [+]
Current Account to GDP -6.60 2012-12-31 -0.70 1.82 -12.74 -6.66 2013-12-31 Percent [+]
Exports 631.10 2013-09-30 847.90 984.20 265.90 623.57 2013-12-31 USD Million [+]
Imports 2919.50 2013-09-30 2669.30 3132.70 1355.50 2845.11 2013-12-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Ethiopia Current Account to GDP at -6.60 Percent  
Ethiopia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Inflation Rate at 8.80 percent  
The inflation rate in Ethiopia was recorded at 8.80 percent in March of 2014. Inflation Rate in Ethiopia is reported by the Central Statistical Agency of Ethiopia.
Ethiopia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Ethiopia stands at 35 percent. Personal Income Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Ethiopia stands at 30 percent. Corporate Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Imports at 2919.50 USD Million  
Imports in Ethiopia increased to 2919.50 USD Million in the third quarter of 2013 from 2669.30 USD Million in the second quarter of 2013. Imports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Exports at 631.10 USD Million  
Exports in Ethiopia decreased to 631.10 USD Million in the third quarter of 2013 from 847.90 USD Million in the second quarter of 2013. Exports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Balance of Trade at -2288.40 USD Million  
Ethiopia recorded a trade deficit of 2288.40 USD Million in the third quarter of 2013. Balance of Trade in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Current Account at -1141.40 USD Million  
Ethiopia recorded a Current Account deficit of 1141.40 USD Million in the third quarter of 2013. Current Account in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Ethiopia stands at 15 percent. Sales Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Interest Rate at 5.00 percent  
The benchmark interest rate in Ethiopia was last recorded at 5 percent. Interest Rate in Ethiopia is reported by the National Bank of Ethiopia.
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