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 0.15 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.

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.

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.

Industry (including construction), value added (% of GDP) in Ethiopia was reported at 25.42 % in 2024, 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 July of 2025.

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 by year from 1960 to 2023.

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.

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.

The Gross Domestic Product per capita in Ethiopia was last recorded at 916.29 US dollars in 2024. 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.

Ethiopia: Percent of world GDP: The latest value from 2022 is 0.13 percent, an increase from 0.11 percent in 2021. In comparison, the world average is 0.52 percent, based on data from 191 countries. Historically, the average for Ethiopia from 1980 to 2022 is 0.06 percent. The minimum value, 0.02 percent, was reached in 1999 while the maximum of 0.13 percent was recorded in 2020.

GDP growth of Ethiopia jumped by 10.96% from 6.6 % in 2023 to 7.3 % in 2024. Since the 5.67% drop in 2022, GDP growth shot up by 37.49% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 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.

Agriculture, forestry, and fishing, value added (% of GDP) in Ethiopia was reported at 34.87 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - Agriculture, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP per capita growth of Ethiopia shot up by 18.81% from 3.9 % in 2023 to 4.6 % in 2024. Since the 9.11% slump in 2022, GDP per capita growth soared by 76.45% in 2024. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant U.S. dollars. GDP per capita is gross domestic product divided by midyear population. 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.

Ethiopia: Remittances as percent of GDP: The latest value from 2023 is 0.36 percent, a decline from 0.4 percent in 2022. In comparison, the world average is 5.13 percent, based on data from 174 countries. Historically, the average for Ethiopia from 1977 to 2023 is 0.61 percent. The minimum value, 0.04 percent, was reached in 1990 while the maximum of 3.23 percent was recorded in 2014.

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 Value Added: Services data was reported at 8.588 % in 2016. This records a decrease from the previous number of 11.105 % for 2015. Ethiopia ET: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 8.468 % from Jul 1982 (Median) to 2016, with 35 observations. The data reached an all-time high of 21.876 % in 1993 and a record low of -19.460 % in 1991. Ethiopia ET: GDP: Growth: Gross Value Added: Services 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 value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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.

Ethiopia ET: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.587 % in 2017. This records an increase from the previous number of 5.578 % for 2016. Ethiopia ET: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 4.625 % from Jul 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 7.301 % in 1997 and a record low of 3.114 % in 1992. Ethiopia ET: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; 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: Industry value added, billion USD: The latest value from 2023 is 40.07 billion U.S. dollars, an increase from 28.8 billion U.S. dollars in 2022. In comparison, the world average is 124.18 billion U.S. dollars, based on data from 168 countries. Historically, the average for Ethiopia from 1981 to 2023 is 6.21 billion U.S. dollars. The minimum value, 0.57 billion U.S. dollars, was reached in 1994 while the maximum of 40.07 billion U.S. dollars was recorded in 2023.