logo

ECON FACTBOOK

Home    About

Economy of Ethiopia

Population: 94 million in 20131

GDP: $47 billion in 20132

GDP per capita: $505 nominal3 ($1,354 PPP4) in 2013

GDP growth rate: 10.5% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing12,57945.2%
Other activities5,91921.3%
Wholesale, retail trade, restaurants and hotels5,20418.7%
Transport, storage and communication1,1774.2%
Construction1,1304.1%
Manufacturing1,0673.8%
Mining and utilities7282.6%
Total value added27,804100%

Employment

Unemployment rate: 5.7% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Agriculture, forestry and fishing30,81772.7%
Activities of households as employers3,0917.3%
Wholesale trade, retail trade and repair of motor vehicles2,3055.4%
Manufacturing1,9024.5%
Construction8251.9%
Education6831.6%
Accommodation and food service4821.1%
Other service4561.1%
Transportation and storage3530.8%
Public administration and defence2870.7%
Human health and social work2520.6%
Water supply, sewerage and waste management2000.5%
Mining and quarrying1800.4%
Administrative and support service1430.3%
Professional, scientific and technical1400.3%
Finance and insurance1340.3%
Information and communication600.1%
Arts, entertainment and recreation420.1%
Electricity, gas, steam and air conditioning270.1%
Extraterritorial organizations and bodies220.1%
Real estate20.0%
Total employment42,404100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $19 billion (23% of GDP) in 201410

Household Wealth per Adult: $427 in 201410

Gini Coefficient: .33 in 201111

Government

Central Government

Central Government Revenue: $6.7 billion (14% of GDP) in 201312

Central Government Expenditure: $8.0 billion (17% of GDP) in 201312

Central Government Budget Balance: -$1.3 billion (-3% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 6.63% in Dec 201413

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 30% in 201315

* Individual thresholds calculated using the exchange rate 20.28 ETB = 1 USD

Monetary Policy

Money Supply (M0): $6.6 billion (14% of GDP) in Jun 2014* 16

Benchmark Interest Rate: Deposit Interest Rate = 5.0% in Feb 201517

Total Reserves: $1.8 billion (4% of GDP) in 200918

Exchange Rate: 20.28 Ethiopian Birr = 1 U.S. Dollar on Feb 4, 201519

Inflation: 8.1% in 201320

* Money supply calculated using the exchange rate 20.28 ETB = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $3.2 billion (7% of GDP) in 201322

Imports: $10.7 billion (23% of GDP) in 201322

Trade Balance: -$7.5 billion (-16% of GDP) in 201322

Foreign Direct Investment Inflow: $952 million (2% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $3.2 billion (7% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Market Watch (Government bond yield) Go back
14. Source: KPMG Ethiopia Fiscal Guide (Individual tax rates) Go back
15. Source: KPMG Ethiopia Fiscal Guide (Corporate tax rate) Go back
16. Source: Monetary Development (Money supply) Go back
17. Source: Central Bank of Ethiopia, Frequently Asked Questions (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back