The gross domestic product (GDP) in current prices in Ethiopia was forecast to continuously increase between 2024 and 2029 by in total 56.6 billion U.S. dollars (+39.03 percent). After the fourth consecutive increasing year, the GDP is estimated to reach 201.58 billion U.S. dollars and therefore a new peak in 2029. The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Mauritius, Malawi, and Zambia.

The Gross Domestic Product per capita in Ethiopia was last recorded at 2755.46 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Ethiopia, when adjusted by Purchasing Power Parity is equivalent to 16 percent of the world's average. This dataset provides - Ethiopia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Ethiopia ET: Mobile Account: Income: Poorest 40%: % Aged 15+ data was reported at 0.000 % in 2014. Ethiopia ET: Mobile Account: Income: Poorest 40%: % Aged 15+ data is updated yearly, averaging 0.000 % from Dec 2014 (Median) to 2014, with 1 observations. Ethiopia ET: Mobile Account: Income: Poorest 40%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank: Banking Indicators. Mobile account denotes the percentage of respondents who report personally using a mobile phone to pay bills or to send or receive money through a GSM Association (GSMA) Mobile Money for the Unbanked (MMU) service in the past 12 months; or receiving wages, government transfers, or payments for agricultural products through a mobile phone in the past 12 months.; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

As of 2023, Rwanda had the lowest average monthly salary of employees in the world in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Gambia had the second lowest average wages, with Ethiopia in third. Of the 20 countries with the lowest average salaries in the world, 17 were located in Africa. On the other hand, Luxembourg had the highest average monthly salaries of employees.

Ethiopia ET: GDP: Real: Gross National Income data was reported at 1,688,989.406 ETB mn in 2017. This records an increase from the previous number of 1,536,155.204 ETB mn for 2016. Ethiopia ET: GDP: Real: Gross National Income data is updated yearly, averaging 1,294,562.227 ETB mn from Jul 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 1,688,989.406 ETB mn in 2017 and a record low of 977,830.591 ETB mn in 2011. Ethiopia ET: GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Ethiopia ET: GDP: Real: GNI per Capita data was reported at 16,092.136 ETB in 2017. This records an increase from the previous number of 15,001.047 ETB for 2016. Ethiopia ET: GDP: Real: GNI per Capita data is updated yearly, averaging 13,295.729 ETB from Jul 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 16,092.136 ETB in 2017 and a record low of 10,859.143 ETB in 2011. Ethiopia ET: GDP: Real: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The overall score for Ethiopia on the Economic Freedom Index was 53.6 as of 2020, equally to the score of 2019. During this year, the judicial effectiveness improved. However, this was cancelled out by a drop in fiscal health. According to the index, Ethiopia was ranked the 146th out of 180 countries in the world, and 33rd in the Africa region out of the 53 listed countries. Furthermore, between 2000 and 2020, Ethiopia's overall score was lower than the average for the African continent. Therefore, Ethiopia's economic climate is considered mostly unfree.

Ethiopia ET: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data was reported at 25.700 % in 2014. Ethiopia ET: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 25.700 % from Dec 2014 (Median) to 2014, with 1 observations. Ethiopia ET: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank.WDI: Banking Indicators. Account at a financial institution denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution.; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

Ethiopia ET: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia data was reported at 7.701 % in 2016. This records an increase from the previous number of 6.909 % for 2015. Ethiopia ET: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia data is updated yearly, averaging 2.766 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 10.314 % in 2013 and a record low of 0.648 % in 1985. Ethiopia ET: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank: Imports. Merchandise imports from low- and middle-income economies in South Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the South Asia region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

Minimum Wages in Ethiopia remained unchanged at 420 ETB/Month in 2025 from 420 ETB/Month in 2024. This dataset includes a chart with historical data for Ethiopia Minimum Wages.

Ethiopia ET: GDP: Growth: GNI per Capita data was reported at 7.273 % in 2017. This records an increase from the previous number of 4.971 % for 2016. Ethiopia ET: GDP: Growth: GNI per Capita data is updated yearly, averaging 7.334 % from Jul 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 7.731 % in 2013 and a record low of 4.971 % in 2016. Ethiopia ET: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In the fiscal year ending July 7 2022, Ethio Telecom generated 62.2 billion Ethiopian Birr in income, an increase of around 11.5 percent on the previous year. Ethio Telecom is a government-owned telecoms operator which holds a monopoly over the Ethiopian telecoms sector.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21.87 thousand U.S. dollars. Mauritius followed with around 13 thousand U.S. dollars, whereas Gabon registered 9.31 thousand U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

2,748 (international dollars) in 2023. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

While the market for sustainably certified products grows, the debate on whether smallholder farmers benefit from this certification movement is far from over. We present empirical findings across three continents. Identical household surveys were conducted among 738 smallholder coffee farmers organized in primary cooperatives in Ethiopia, India and Nicaragua. The comparative analysis which is based on the propensity score matching approach shows that the impacts of Fairtrade certification on coffee yields and income vary across countries. In Ethiopia, the coffee farmers from Fairtrade certified cooperatives fare worse than their non-certified counterparts both in coffee yield and income. In the Indian case study, the Fairtrade cooperative members have yield and price advantages over the non-certified farmers. This has in turn led to higher net revenue from coffee for certified farmers. In Nicaragua, coffee farmers from Fairtrade and double (Fairtrade-Organic) certified cooperatives also benefit in terms of net revenue but there is no statistically significant effect on yield and household income. A comparison of the Fairtrade minimum floor price and the weight-equivalent Fairtrade cooperative price in the three countries shows that Nicaraguan Fairtrade certified farmers have obtained a higher average price than the Fairtrade mandated minimum price, whereas in Ethiopia the certified farmers received a much lower price. In India, the certified average price was closer to the minimum floor price. We conclude that coffee cooperatives and the motivation and capability of their staff play a central role in training their member farmers about each aspect of coffee growing and certification.

Average family income of the respondents with satisfaction (N = 546).

Individual and health system-related characteristics of insecurely housed women in southwest Ethiopia, 2021 G.C.

South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

While the market for sustainably certified products grows, the debate on whether smallholder farmers benefit from this certification movement is far from over. We present empirical findings across three continents. Identical household surveys were conducted among 738 smallholder coffee farmers organized in primary cooperatives in Ethiopia, India and Nicaragua. The comparative analysis which is based on the propensity score matching approach shows that the impacts of Fairtrade certification on coffee yields and income vary across countries. In Ethiopia, the coffee farmers from Fairtrade certified cooperatives fare worse than their non-certified counterparts both in coffee yield and income. In the Indian case study, the Fairtrade cooperative members have yield and price advantages over the non-certified farmers. This has in turn led to higher net revenue from coffee for certified farmers. In Nicaragua, coffee farmers from Fairtrade and double (Fairtrade-Organic) certified cooperatives also benefit in terms of net revenue but there is no statistically significant effect on yield and household income. A comparison of the Fairtrade minimum floor price and the weight-equivalent Fairtrade cooperative price in the three countries shows that Nicaraguan Fairtrade certified farmers have obtained a higher average price than the Fairtrade mandated minimum price, whereas in Ethiopia the certified farmers received a much lower price. In India, the certified average price was closer to the minimum floor price. We conclude that coffee cooperatives and the motivation and capability of their staff play a central role in training their member farmers about each aspect of coffee growing and certification.