Ethiopia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ethiopia expanded 8.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Ethiopia is reported by the National Bank of Ethiopia. From 1982 until 2012, Ethiopia GDP Annual Growth Rate averaged 5.1 percent reaching an all time high of 13.9 percent in December of 1987 and a record low of -11.1 percent in December of 1985. Ethiopia is one of the poorest countries in the world. Most of the population rely on subsistence agriculture and foreign aid. Yet, Ethiopia is amongst the fastest growing non-oil economies in the world. Government reforms succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry. However, systemic trade deficits, under-developed financial system and unemployment are Ethiopia’s main economic constraints. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.50 10.70 13.86 -11.14 7.05 | 2014/06 1982 - 2012 percent Yearly

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Ethiopia GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 43.13 2012-12-31 31.70 43.13 7.27 63.98 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 8.50 2012-12-31 10.70 13.86 -11.14 7.05 2014-06-30 percent [+]
GDP per capita 255.69 2012-12-31 241.82 255.69 113.01 277.13 2014-06-30 USD [+]
GDP per capita PPP 981.43 2012-12-31 928.18 981.43 433.76 1063.71 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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