Markets Actual Q3 Q4 Q1 Q2 2021
Currency 35.45 35.48 35.71 35.94 36.18 36.65

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 9.00 3 3 3.5 3.5 3.5
Unemployment Rate (%) 19.10 21.8 21.8 21.6 21.6 21.6
Inflation Rate (%) 22.30 20 18 15 12 10
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -3209.40 -3000 -3010 -3010 -3010 -3200
Current Account (USD Million) -1187.30 -1300 -1350 -1350 -1350 -1620
Current Account to GDP (%) -4.50 -5.4 -5.4 -4.6 -4.6 -4.6
Government Debt to GDP (%) 57.00 80 80 84 84 84
Government Budget (% of GDP) -2.50 -5 -5 -4.7 -4.7 -4.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 9.00 3 3 3.5 3.5 3.5
GDP (USD Billion) 96.11 90 90 97 97 97
GDP per capita (USD) 602.20 500 500 580 580 580
GDP per capita PPP (USD) 2219.70 1900 1900 2100 2100 2100
GDP Constant Prices (ETB Billion) 1874.70 1931 1931 1940 1940 1999
GDP From Agriculture (ETB Billion) 624.00 643 643 646 646 665
GDP From Manufacturing (ETB Billion) 526.20 542 542 545 545 561
GDP From Services (ETB Billion) 745.70 768 768 772 772 795

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 19.10 21.8 21.8 21.6 21.6 21.6
Population (million) 112.00 115 115 118 118 118

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 22.30 20 18 15 12 10
Food Inflation (%) 25.90 20 24 17 20 22
Consumer Price Index CPI (points) 179.00 183 182 189 197 200
Inflation Rate Mom (%) 1.86 1.6 1.8 2 2.5 3

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 7 7 7 7 7

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -3209.40 -3000 -3010 -3010 -3010 -3200
Current Account (USD Million) -1187.30 -1300 -1350 -1350 -1350 -1620
Current Account to GDP (%) -4.50 -5.4 -5.4 -4.6 -4.6 -4.6
Imports (USD Million) 3820.00 3640 3750 3750 3750 4000
Exports (USD Million) 610.50 640 740 740 740 800
Foreign Direct Investment (USD Million) 661.60 700 1250 1250 1250 900

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 57.00 80 80 84 84 84
Government Budget (% of GDP) -2.50 -5 -5 -4.7 -4.7 -4.7

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 15.00 15 15 15 15 15


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.