Economic Growth in Ethiopia
The Ethiopian economy recorded average real GDP growth of 8.4% in the decade to 2021, significantly above the 3.2% average for Sub-Saharan Africa. In 2021, real GDP growth was 6.4%. For more information on gdp, visit our dedicated page
Ethiopia GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Ethiopia from 2022 to 2017.
Source: Macrobond.
Ethiopia GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 6.1 | 5.6 | 5.3 | 2.7 | - |
| GDP (USD bn) | 96.6 | 99.3 | 119.0 | 159.7 | - |
| GDP (ETB bn) | 3,374 | 4,341 | 6,158 | 8,722 | - |
| Economic Growth (Nominal GDP, ann. var. %) | 25.4 | 28.7 | 41.8 | 41.7 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ethiopian GDP projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Ethiopian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ethiopian GDP projections.
Want to get access to the full dataset of Ethiopian GDP forecasts? Send an email to info@focus-economics.com.