The Gross Domestic Product (GDP) in Ethiopia expanded 6.10 percent in the second quarter of 2020 over the same quarter of the previous year. source: National Bank of Ethiopia

GDP Annual Growth Rate in Ethiopia averaged 5.88 percent from 1981 until 2020, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2022.

GDP Annual Growth Rate in Ethiopia is expected to reach 4.30 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia GDP Annual Growth Rate is projected to trend around 6.50 percent in 2023 and 7.00 percent in 2024, according to our econometric models.

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Ethiopia GDP Annual Growth Rate

Ethiopia GDP Annual Growth Rate
Ethiopia is among the fastest growing non-oil economies in the world as the government reforms undertaken in recent years have succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry.
Actual Previous Highest Lowest Dates Unit Frequency
6.10 9.00 13.90 -11.10 1981 - 2020 percent Yearly

Related Last Previous Unit Reference
GDP Annual Growth Rate 6.10 9.00 percent Jun/20
GDP From Services 786.80 745.70 ETB Billion Dec/19
GDP From Manufacturing 576.90 526.20 ETB Billion Dec/19
GDP From Agriculture 650.30 623.80 ETB Billion Dec/19
GDP Constant Prices 1990.00 1874.70 ETB Billion Dec/19