The growth of the real gross domestic product (GDP) in Ethiopia was estimated at approximately 8.05 percent in 2024. Between 1980 and 2024, the growth rose by around 4.05 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by about 0.55 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in Ethiopia expanded 7.50 percent in the fourth quarter of 2022 over the same quarter of the previous year. This dataset provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ethiopia was worth 163.70 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Ethiopia represents 0.16 percent of the world economy. This dataset provides the latest reported value for - Ethiopia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) in current prices in Ethiopia was estimated at about 143.12 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 135.73 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 89.70 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are 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.

Ethiopia GDP for 2023 was 163.70 billion US dollars, a 29.13% increase from 2022.

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<li>Ethiopia GDP for 2022 was <strong>126.77 billion US dollars</strong>, a <strong>13.94% increase</strong> from 2021.</li>
<li>Ethiopia GDP for 2021 was <strong>111.26 billion US dollars</strong>, a <strong>3.35% increase</strong> from 2020.</li>
<li>Ethiopia GDP for 2020 was <strong>107.66 billion US dollars</strong>, a <strong>12.25% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Ethiopia: Economic growth forecast: The latest value from 2030 is 7.5 percent, a decline from 7.76 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Ethiopia from 1980 to 2030 is 6.22 percent. The minimum value, -11.41 percent, was reached in 1985 while the maximum of 13.87 percent was recorded in 1987.

Ethiopia ET: GDP: Growth: Gross Value Added: Industry data was reported at 18.683 % in 2017. This records a decrease from the previous number of 22.762 % for 2016. Ethiopia ET: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 8.134 % from Jul 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 26.898 % in 1993 and a record low of -19.862 % in 1992. Ethiopia ET: GDP: Growth: Gross Value Added: Industry 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 growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Ethiopia from 2013 to 2023. In 2023, the share of agriculture in Ethiopia's gross domestic product was 35.79 percent, industry contributed approximately 24.48 percent and the services sector contributed about 36.98 percent.

Graph and download economic data for Gross Domestic Product for Ethiopia (MKTGDPETA646NWDB) from 1960 to 2023 about Ethiopia and GDP.

Industry (including construction), value added (% of GDP) in Ethiopia was reported at 24.48 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Ethiopia ET: GDP: Growth data was reported at 10.246 % in 2017. This records an increase from the previous number of 7.562 % for 2016. Ethiopia ET: GDP: Growth data is updated yearly, averaging 8.268 % from Jul 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 13.859 % in 1987 and a record low of -11.144 % in 1985. Ethiopia ET: GDP: Growth 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 GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The gross domestic product (GDP) per capita in Ethiopia was estimated at about 1.32 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 1.09 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 632.29 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

The Gross Domestic Product per capita in Ethiopia was last recorded at 875.37 US dollars in 2023. The GDP per Capita in Ethiopia is equivalent to 7 percent of the world's average. This dataset provides the latest reported value for - Ethiopia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Real Gross Domestic Product for Ethiopia (ETHNGDPRPCPPPT) from 2000 to 2026 about Ethiopia, REO, real, GDP, and rate.

Ethiopia ET: GDP: Growth: Gross Capital Formation data was reported at 15.903 % in 2017. This records an increase from the previous number of 10.579 % for 2016. Ethiopia ET: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 20.147 % from Jul 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 46.511 % in 2012 and a record low of 9.441 % in 2013. Ethiopia ET: GDP: Growth: Gross Capital Formation 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 growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

As of December 2020, the real Gross Domestic Product (GDP) growth in Ethiopia was revised down, considering the effects of the COVID-19 pandemic. In 2019, the real GDP growth was reviewed to 8.4 percent. Moreover, it is estimated that 2020 growth rate would remain positive regardless of the pandemic at 6.1 percent. The GDP growth in 2021 and 2022 was revised to 2 percent and 7.9 percent, respectively.

Ethiopia registered the first coronavirus infection on March 13, 2020. By April, more than 228 thousand cases were recorded in the country.

Ethiopia ET: GDP: Growth: Gross Value Added: Agriculture data was reported at 6.713 % in 2017. This records an increase from the previous number of 2.590 % for 2016. Ethiopia ET: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 5.278 % from Jul 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 17.381 % in 1987 and a record low of -20.528 % in 1985. Ethiopia ET: GDP: Growth: Gross Value Added: Agriculture 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: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Ethiopia: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 35.79 percent, a decline from 37.64 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for Ethiopia from 1981 to 2023 is 44.5 percent. The minimum value, 31.22 percent, was reached in 2018 while the maximum of 62.28 percent was recorded in 1992.

Historical chart and dataset showing Ethiopia GDP per capita by year from 1960 to 2023.

Under current climate policies, Ethiopia would face a GDP loss of 14 percent by 2050 and a shrinkage of over 50 percent by 2100 due to climate change. According to the source's estimates, in a scenario of limiting temperatures to 1.5 degrees Celsius, the damage to Ethiopia's economy would stand at a GDP reduction of nine percent by 2050 and 25 percent by 2100. The estimates did not consider potential adaptation measures to alleviate the economic loss.