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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 27.18 23.18 22.94 22.71 22.47 19.9 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 7.60 7.5 7.5 7.4 7.3 11.5 percent [+]
GDP 72.37 79 80.57 82.15 83.72 96 USD Billion [+]
GDP per capita 511.20 530 535 540 546 579 USD [+]
GDP per capita PPP 1608.30 1678 1696 1714 1732 1848 USD [+]
GDP Constant Prices 747.30 804 820 835 851 1028 ETB Billion [+]
GDP From Agriculture 274.00 278 280 281 282 275 ETB Billion [+]
GDP From Manufacturing 125.00 146 151 157 162 229 ETB Billion [+]
GDP From Services 353.00 386 394 402 411 511 ETB Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 16.80 16.7 16.72 16.75 16.77 17.5 percent [+]
Population 102.40 105 106 106 107 113 million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 13.60 9.2 9.2 9.3 9.4 7 percent [+]
Food Inflation 18.10 11.81 10.19 9.31 9.06 9.28 percent [+]
CPI Transportation 119.60 115 113 111 109 104 Index Points [+]
Consumer Price Index Cpi 177.30 178 178 178 178 171 Index points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 7.00 6 6 6 7 7 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -2931.70 -3091 -3000 -3005 -3018 -2854 USD Million [+]
Exports 768.20 619 729 758 667 649 USD Million [+]
Imports 3699.80 3728 3699 3679 3662 3512 USD Million [+]
Current Account -1747.50 -1719 -1597 -1562 -1512 -1200 USD Million [+]
Current Account to GDP -9.90 -11 -10.5 -10.5 -7.38 -8.9 percent [+]
Terrorism Index 5.94 3.58 3.62 3.66 3.7 4.02 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 32.10 35 33 33 34.47 29 percent [+]
Government Budget -1.90 -3.32 -3.34 -3.36 -3.39 -3.36 percent of GDP [+]
Military Expenditure 447.80 509 530 551 572 664 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Internet Speed 3080.92 3158 3136 3916 3076 2486 KBps [+]
IP Addresses 9416.00 6769 5217 4148 4439 5414 IP [+]
Ease of Doing Business 161.00 157 158 158 159 155 [+]
Corruption Index 34.00 32 32 32 31 29 Points [+]
Corruption Rank 108.00 107 108 110 111 115 [+]
Competitiveness Index 3.78 3.72 3.72 3.72 3.72 3.69 Points [+]
Competitiveness Rank 108.00 116 116 116 116 127 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 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 [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 16.00 63.25 67.46 66 64.28 65.48 mm [+]
Temperature 21.00 22.35 22.35 22.34 22.34 22.34 celsius [+]