Ethiopia recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Ethiopia averaged -3.83 percent of GDP from 1981 until 2024, reaching an all time high of 1.50 percent of GDP in 1994 and a record low of -12.60 percent of GDP in 2005. source: National Bank of Ethiopia

Current Account to GDP in Ethiopia is expected to reach -1.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia Current Account to GDP is projected to trend around -1.60 percent of GDP in 2026 and -2.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -3806.90 -3449.10 USD Million Jun 2024
Current Account -1515.60 -1801.70 USD Million Jun 2024
Current Account to GDP -3.40 -2.90 percent of GDP Dec 2024
Exports 1267.40 927.20 USD Million Jun 2024
Foreign Direct Investment 1117.90 957.00 USD Million Jun 2024
Imports 5074.30 4376.30 USD Million Jun 2024



Ethiopia Current Account to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -2.90 1.50 -12.60 1981 - 2024 percent of GDP Yearly