Ethiopia - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 27.23
28.16 29.15 30.16 31.22 35.81
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 7.60
percent
7.5 7.4 7.3 7.3 11.5
GDP 72.37
USD Billion
72.47 74.65 76.82 79 100
GDP per capita 511.20
USD
518 522 526 530 587
GDP per capita PPP 1608.30
USD
1635 1649 1664 1678 1885
GDP Constant Prices 747.30
ETB Billion
764 778 791 804 1077
GDP From Agriculture 274.00
ETB Billion
278 278 278 278 267
GDP From Manufacturing 125.00
ETB Billion
125 132 139 146 247
GDP From Services 353.00
ETB Billion
360 369 377 386 540
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 16.80
percent
17.3 17.1 16.9 16.7 17.8
Population 102.40
million
103 104 104 105 115
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 13.40
percent
9.2 9.3 9.4 9.5 7
Food Inflation 17.40
percent
15.33 12.72 10.92 10.07 10.11
CPI Transportation 116.70
Index Points
119 117 116 115 108
Consumer Price Index Cpi 177.60
Index points
178 178 178 177 168
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 7.00
percent
7 7 7 7 7
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -3163.40
USD Million
-3144 -3131 -3129 -3112 -2933
Exports 905.50
USD Million
742 830 734 656 679
Imports 4068.90
USD Million
3975 3966 3953 3935 3751
Current Account -1674.20
USD Million
-1530 -1468 -1429 -1382 -1037
Current Account to GDP -9.90
percent
-10.5 -10.5 -7.7 -10.5 -8.9
Terrorism Index 5.94
4.2 4.62 5.03 5.44 2.93
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 32.10
percent
33 33 33.72 33 29
Government Budget -1.90
percent of GDP
-3.57 -3.49 -3.41 -3.32 -3.18
Military Expenditure 447.80
USD Million
495 500 504 509 659
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 3080.92
KBps
3136 3916 3076 3030 2486
IP Addresses 9416.00
IP
5217 4148 4439 4389 5287
Ease of Doing Business 161.00
157 158 158 159 153
Corruption Index 34.00
Points
32 32 32 32 29
Corruption Rank 108.00
103 104 106 107 113
Competitiveness Index 3.78
Points
3.72 3.72 3.72 3.72 3.65
Competitiveness Rank 108.00
116 116 116 116 120
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 16.32
mm
23.09 86.26 126 37.65 69.68
Temperature 21.97
celsius
23.1 24.18 22.96 22.03 23.58