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.

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.

GDP (current US$) in Ethiopia was reported at 163697927594 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

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).

GDP deflator: linked series (base year varies by country) in Ethiopia was reported at 438 year in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - GDP deflator: linked series (base year varies by country) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP per capita growth (annual %) in Ethiopia was reported at 4.5797 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

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 August of 2025.

In 2024, Niger's real GDP is estimated to grow by 10.4 percent compared to the previous year. During 2023, the GDP is estimated to have increased by only 1.4 percent, nevertheless a positive trend. The country's real GDP is forecast to continue growing but at a slower pace. Between 2025 and 2029, it is expected to grow annually by roughly six percent. Furthermore, the GDPs of Senegal, Libya, and Rwanda might increase by around 8.3 percent, 7.8 percent, and 6.9 percent during 2024, respectively. Niger: A dependence on agriculture A large portion of Niger's economy comes from agriculture. In 2022, agriculture accounted for almost 40 percent of the GDP. Niger is not the only country in Africa where agriculture plays a crucial role. For example, agriculture made up nearly 60 percent of Sierra Leone’s GDP in 2022. Such dependence could mean that any disruptions in the agricultural products market could have significant effects on the country's GDP. Sub-Saharan Africa's economy will be among the fastest-growing regions worldwide Three African countries have significantly larger economies, namely, Nigeria, South Africa, and Egypt. As of 2022, these countries' GDP stood at nearly 477.4 billion, 475.2 billion, and 405.7 billion U.S. dollars. Furthermore, it is anticipated that Sub-Saharan Africa's GDP growth in 2026 will rank as the second-fastest growing economic region in the world after the ASEAN-5 countries, with a growth rate of approximately four percent. In contrast, economic areas such as the European Union are forecast to grow at only about 1.5 percent in the same year.

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.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 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.

Inflation, GDP deflator: linked series (annual %) in Ethiopia was reported at 25.54 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The Ethiopian used car market, valued at $471 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 2.50% from 2025 to 2033. This expansion is fueled by several key factors. Rising disposable incomes and a burgeoning middle class are driving increased demand for personal vehicles, particularly in urban areas. Furthermore, the relatively lower cost of used cars compared to new vehicles makes them an attractive option for a large segment of the population. The market is segmented by vehicle type (hatchbacks, sedans, SUVs, MUVs), vendor type (organized and unorganized dealerships), and fuel type (gasoline, diesel, electric, and alternative fuels). The dominance of gasoline and diesel vehicles is expected to continue in the near term, although the nascent electric vehicle market presents a significant long-term growth opportunity, albeit at a slower pace due to infrastructure limitations and high initial costs. Competition amongst established players like Cars 2 Africa, Ultimate Motor, Megebeya com, Marathon Motors Engineering, Proxima Auto Car Dealer, Nyala Motors, and ALEM INTERNATIONAL PL is intensifying, leading to price competitiveness and improved service offerings. Government regulations regarding vehicle imports and emissions standards also play a crucial role in shaping market dynamics. The unorganized sector continues to hold a significant market share, although the organized sector is steadily growing, driven by consumer preference for transparency and warranties. The forecast period (2025-2033) anticipates continued market expansion, driven by ongoing urbanization and economic development in Ethiopia. However, challenges remain. Limited access to financing for vehicle purchases, particularly in rural areas, could restrain growth. Furthermore, fluctuations in currency exchange rates and import duties can impact pricing and availability. Infrastructure limitations, including insufficient road networks and charging infrastructure for electric vehicles, pose further hurdles. Despite these challenges, the positive long-term outlook for Ethiopia's economy suggests that the used car market is poised for sustained growth, presenting significant opportunities for both established players and new entrants. Strategic investments in improving infrastructure and facilitating access to financing could further accelerate market expansion. This comprehensive report provides an in-depth analysis of the burgeoning Ethiopia used car market, offering valuable insights for investors, industry players, and policymakers. Covering the historical period (2019-2024), base year (2025), and forecasting until 2033, this report meticulously examines market dynamics, trends, and growth drivers within this rapidly evolving sector. We delve into market size (in millions of units), segmentation, and competitive landscape, providing a 360-degree view of the Ethiopian used car market. Recent developments include: July 2023: Volkswagen AG announced the expansion of its operations in Ethiopia. The company is looking for a financial partner that provides loan and finance options to buy new and used vehicles in the country., May 2023: The Ministry of Finance of Ethiopia announced the adoption of new investment incentives for the duty-free import of vehicles.. Key drivers for this market are: Increased Demand For Used Cars Compared To New Cars. Potential restraints include: Trust And Transparency In Used Car Remained A Key Challenge For Consumers. Notable trends are: Online Infrastructure witnessing major growth.

Ethiopia recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - Ethiopia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 August of 2025.

Expense (% of GDP) in Ethiopia was reported at 6.1216 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - Expense (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Gross capital formation (% of GDP) in Ethiopia was reported at 20.5 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - Gross capital formation (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

GDP per capita (current US$) in Ethiopia was reported at 1272 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ethiopia - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.