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 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 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.

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

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.

Historical dataset showing Ethiopia gdp growth rate by year from 1962 to 2023.

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

Ethiopia: Value added in the agricultural sector as percent of GDP: The latest value from 2024 is 34.87 percent, a decline from 35.79 percent in 2023. In comparison, the world average is 9.68 percent, based on data from 151 countries. Historically, the average for Ethiopia from 1981 to 2024 is 44.28 percent. The minimum value, 31.22 percent, was reached in 2018 while the maximum of 62.28 percent was recorded in 1992.

Ethiopia: Health spending as percent of GDP: The latest value from 2022 is 2.85 percent, a decline from 3.21 percent in 2021. In comparison, the world average is 6.74 percent, based on data from 185 countries. Historically, the average for Ethiopia from 2000 to 2022 is 4.13 percent. The minimum value, 2.85 percent, was reached in 2022 while the maximum of 5.47 percent was recorded in 2010.

The Gross Domestic Product per capita in Ethiopia was last recorded at 2884.26 US dollars in 2024, 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.

Ethiopia: GDP per capita, constant dollars: The latest value from 2024 is 916.29 U.S. dollars, an increase from 876.17 U.S. dollars in 2023. In comparison, the world average is 15841.40 U.S. dollars, based on data from 178 countries. Historically, the average for Ethiopia from 1961 to 2024 is 375.74 U.S. dollars. The minimum value, 216.29 U.S. dollars, was reached in 1992 while the maximum of 916.29 U.S. dollars was recorded in 2024.

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

Ethiopia: GDP per capita, Purchasing Power Parity: The latest value from 2024 is 2884 U.S. dollars, an increase from 2758 U.S. dollars in 2023. In comparison, the world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for Ethiopia from 1990 to 2024 is 1425 U.S. dollars. The minimum value, 681 U.S. dollars, was reached in 1992 while the maximum of 2884 U.S. dollars was recorded in 2024.

GDP from Services in Ethiopia increased to 1046.10 ETB Billion in 2023 from 971.30 ETB Billion in 2022. This dataset provides - Ethiopia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ethiopia ET: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 17.411 % in 2017. This records a decrease from the previous number of 18.390 % for 2016. Ethiopia ET: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 8.286 % from Jul 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 29.722 % in 1993 and a record low of -34.921 % in 1991. Ethiopia ET: GDP: Growth: 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: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

View yearly updates and historical trends for Ethiopia GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data with YCharts analy…

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 ET: GDP: Growth: Gross Fixed 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 Fixed 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 Fixed 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. Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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;

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.