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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 23.31 22.97 22.74 22.5 22.27 19.72 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 7.60 11 11 11.3 11.3 11.5 percent [+]
GDP 72.37 77.35 79.39 81.1 82.81 99.38 USD Billion [+]
GDP per capita 511.20 528 531 537 543 592 USD [+]
GDP per capita PPP 1608.30 1670 1684 1706 1727 1910 USD [+]
GDP Constant Prices 747.30 791 804 820 835 1028 ETB Billion [+]
GDP From Agriculture 274.00 283 284 287 289 321 ETB Billion [+]
GDP From Manufacturing 125.00 139 146 151 157 229 ETB Billion [+]
GDP From Services 353.00 375 381 388 395 487 ETB Billion [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 16.80 16.2 16.02 15.85 15.67 13.8 percent [+]
Population 102.40 104 105 106 106 113 million [+]
Living Wage Individual 3910.00 3935 3935 3935 3935 3935 ETB/Month [+]
Wages High Skilled 3140.00 3140 3140 3140 3140 3140 ETB/Month [+]
Wages Low Skilled 1970.00 1970 1970 1970 1970 1970 ETB/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 10.40 7.7 8 11.7 8.2 7 percent [+]
Food Inflation 13.30 12.81 13.21 13.28 13.28 13.27 percent [+]
CPI Transportation 115.70 117 118 119 119 119 Index Points [+]
Consumer Price Index Cpi 171.70 171 173 174 174 175 Index points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 5.00 6 6 6 6 5 percent [+]
Deposit Interest Rate 4.68 4.55 4.7 4.67 4.65 4.38 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -2931.70 -3159 -3091 -3000 -3005 -2854 USD Million [+]
Exports 768.20 661 619 729 758 649 USD Million [+]
Imports 3699.80 3749 3728 3699 3679 3512 USD Million [+]
Current Account -1747.50 -1774 -1719 -1597 -1562 -1200 USD Million [+]
Current Account to GDP -9.90 -11 -11 -10.5 -10.5 -8.9 percent [+]
Terrorism Index 3.45 3.58 3.65 3.64 3.64 3.71 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 32.10 35 35 33 33 29 percent [+]
Government Budget -1.90 -1.96 -1.84 -1.82 -1.81 -2.16 percent of GDP [+]
Military Expenditure 447.80 447 451 450 448 441 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease of Doing Business 159.00 169 172 170 168 150 [+]
Corruption Index 34.00 32 32 32 32 29 Points [+]
Corruption Rank 108.00 107 109 110 112 116 [+]
Competitiveness Index 3.77 3.72 3.72 3.75 3.76 3.75 Points [+]
Competitiveness Rank 109.00 113 113 119 121 118 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 [+]