Ethiopia | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 22.69 22.88 23.1 23.78 23.56 27.18 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 9.60 11 11 11 11.3 11.5 percent [+]
GDP 61.54 64.01 65.49 66.96 68.28 87.01 USD Billion [+]
GDP per capita 486.27 496 505 514 521 605 USD [+]
GDP per capita PPP 1529.89 1567 1593 1618 1639 1934 USD [+]
GDP Constant Prices 747.30 778 791 804 820 1028 ETB Billion [+]
GDP From Agriculture 274.00 282 283 284 287 321 ETB Billion [+]
GDP From Manufacturing 125.00 118 139 146 151 229 ETB Billion [+]
GDP From Services 353.00 369 375 381 388 487 ETB Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 16.80 16.38 16.2 16.02 15.85 13.8 percent [+]
Population 99.39 101 101 102 102 112 million [+]
Living Wage Individual 3910.00 3935 3935 3935 3935 3935 ETB/Month [+]
Wages High Skilled 3140.00 3140 3140 3140 3140 3140 ETB/Month [+]
Wages Low Skilled 1970.00 1970 1970 1970 1970 1970 ETB/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 8.50 7.4 7.6 8 7.52 7 percent [+]
Food Inflation 9.60 5.25 5.39 5.2 5.3 5.27 percent [+]
Cpi Transportation 109.00 110 111 111 111 111 Index Points [+]
Consumer Price Index Cpi 160.90 165 167 168 168 168 Index points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 5.00 5 6 6 6 5 percent [+]
Deposit Interest Rate 4.68 4.41 4.55 4.7 4.67 4.38 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -3565.10 -3465 -3587 -3686 -3632 -3632 USD Million [+]
Exports 658.90 778 663 632 731 668 USD Million [+]
Imports 4224.00 4228 4253 4282 4293 4277 USD Million [+]
Current Account -2710.10 -2327 -2380 -2395 -2384 -2378 USD Million [+]
Current Account to GDP -5.90 -6.56 -6.48 -6.4 -6.36 -6.18 percent [+]
Terrorism Index 3.45 3.31 3.33 3.35 3.4 3.6 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 32.10 33.1 32.82 32.54 32.63 31.65 percent [+]
Government Budget -1.90 -2.08 -1.96 -1.84 -1.82 -2.16 percent of GDP [+]
Military Expenditure 404.50 405 409 412 412 402 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 159.00 166 169 172 170 150 [+]
Corruption Index 34.00 32 32 32 32 29 Points [+]
Corruption Rank 108.00 104 107 109 110 116 [+]
Competitiveness Index 3.77 3.72 3.72 3.72 3.76 3.75 Points [+]
Competitiveness Rank 109.00 113 113 113 121 118 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]