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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 2021 was at about 12.259 USD per capita. GDP in Ethiopia, on the other hand, reached USD 944 per capita, or 111.27 billion USD in the whole country. Ethiopia is therefore currently ranked 60 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 160.

Inflation in Ethiopia was in 2021 at around 26.84%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 64.7% 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

Overall, the gross domestic product in Ethiopia in 2020 increased from 95.91 billion US Dollar to 107.66 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 12.25 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. The consumer inflation rate has risen from 15.8% previously to 20.4% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Ethiopia
Total
Ethiopia
per capita
EU
Total
EU
per capita
GDP111.27 bn USD943.97 USD17.09 tn USD33,228.68 USD
Gross national product113.59 bn USD963.67 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1981 - 2021



Im- and Exports 2020

 Ethiopia
Total
Ethiopia
per capita
EU
Total
EU
per capita
Imports17.17 bn USD145.66 USD8,916.24 bn USD17,337.55 USD
Exports7.71 bn USD65.45 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1977 - 2020

Exports
Imports



Ethiopia: AirportsLargest airports and airlines in EthiopiaThe 21 biggest airports and Ethiopian in Ethiopia with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Infected and deaths by the corona virus (COVID 19)Spread of the Corona virus Covid19 (SARS-CoV-2)Worldwide development of the number of cases and deaths due to the corona virus.