Worlddata.info

Indicators of economy in Ethiopia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Ethiopia reached 936 US dollars per inhabitant, or 107.65 bn US Dollar in the whole country. Ethiopia is therefore currently ranked 59 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Ethiopia is in the list of the world's richest countries in place 170.

Inflation in Ethiopia was in 2019 at around 15.84%. Within the EU, the average in the same year was 0.50%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 75.5% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Ethiopia

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Ethiopia in 2020 increased from 95.91 billion US Dollar to 107.65 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 12.23 percent increase has been rather unusual this year. While most countries have suffered significant losses, Ethiopia has certainly held its own. The tourism sector alone slumped by around 35 percent. The unemployment rate rose from 2.3 to 3.2 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Ethiopia
Total
Ethiopia
per capita
EU
Total
EU
per capita
GDP107.65 bn USD936.34 USD15,291.93 tn USD29,692.11 USD
Gross national product102.67 bn USD893.03 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1981 - 2020



Im- and Exports 2020

 Ethiopia
Total
Ethiopia
per capita
EU
Total
EU
per capita
Imports17.17 bn USD149.35 USD7,340.01 bn USD14,251.98 USD
Exports7.71 bn USD67.10 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1977 - 2020

Exports
Imports



Ethiopia: AirportsLargest airports and airlines in EthiopiaThe 13 biggest airports and Ethiopian in Ethiopia with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
Hong Kong: Public HolidaysPublic holidays in Hong Kong 2022-2026Statutory and inofficial holidays in Hong Kong for 2022 to 2026