Ethiopia's economy is expected to have grown by 7.9% in the 2023/2024 Ethiopian fiscal year that started on July 8 2023. GDP Annual Growth Rate in Ethiopia averaged 5.97 percent from 1981 until 2023, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. source: National Bank of Ethiopia

GDP Annual Growth Rate in Ethiopia is expected to reach 7.30 percent by the end of 2024, 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 8.10 percent in 2025 and 8.30 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
GDP Annual Growth Rate 7.90 7.50 percent Dec 2023
GDP Constant Prices 2439.50 2248.60 ETB Billion Dec 2022
GDP from Agriculture 774.00 728.40 ETB Billion Dec 2022
GDP from Construction 501.49 468.44 ETB Billion Dec 2022
GDP from Manufacturing 694.20 649.20 ETB Billion Dec 2022
GDP from Services 971.30 899.80 ETB Billion Dec 2022

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
7.90 7.50 13.90 -11.10 1981 - 2023 percent Yearly