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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 27.25
28.18 29.16 30.17 31.21 35.76
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 10.20
percent
7.4 7.3 7.3 10.65 11.5
GDP 72.37
USD Billion
75.25 77.27 79.3 98.8 105
GDP per capita 511.20
USD
526 583 534 605 626
GDP per capita PPP 1608.30
USD
1654 1668 1681 1902 1969
GDP Constant Prices 1577.10
ETB Billion
1694 1692 1882 1745 2335
GDP From Agriculture 573.10
ETB Billion
616 615 684 634 849
GDP From Manufacturing 404.30
ETB Billion
434 434 482 447 599
GDP From Services 620.20
ETB Billion
666 665 740 686 918
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 16.80
percent
16.4 16.2 16 15.82 13.2
Population 102.40
million
104 104 105 106 115
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 13.70
percent
16.3 17 17.4 17.2 17.6
Food Inflation 16.10
percent
19.99 17.2 14.35 13.24 16.9
Inflation Rate Mom 0.97
percent
0.87 1.85 -0.5 0.36 0.25
CPI Transportation 119.50
Index Points
134 137 145 140 201
Consumer Price Index Cpi 187.20
Index points
195 206 208 217 288
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 7.00
percent
7 5.75 7 6 6
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -3183.70
USD Million
-3184 -3184 -3184 -3184 -3184
Exports 905.50
USD Million
906 906 906 906 906
Imports 4089.20
USD Million
4089 4089 4089 4089 4089
Current Account -1674.20
USD Million
-1674 -1674 -1674 -1674 -1674
Current Account to GDP -9.90
percent
-10.5 -10.5 -10.5 -9.8 -8.9
Terrorism Index 5.94
4.62 5.03 5.44 5.52 2.93
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 33.50
percent
33 33 33 30 29
Government Budget -1.90
percent of GDP
-2.08 -1.96 -1.84 -1.82 -2.17
Military Expenditure 497.29
USD Million
504 509 515 540 699
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 3080.92
KBps
3285 3284 3284 3284 3284
IP Addresses 9416.00
IP
10308 10274 10290 10282 10285
Ease of Doing Business 161.00
161 161 161 161 161
Corruption Index 35.00
Points
35 35 35 35 35
Corruption Rank 107.00
107 107 107 107 107
Competitiveness Index 3.78
Points
3.77 3.77 3.77 3.77 3.77
Competitiveness Rank 108.00
116 116 116 122 120
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 16.32
mm
86.26 126 37.65 23.14 69.68
Temperature 21.97
celsius
24.18 22.96 22.03 23.14 23.58