Economic Trivia

Ethiopia's economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2018): China, United States, and India
Top 3 Exported Goods (2018): Coffee & Spices, Oil Seeds, and Vegetables

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Textiles; Leather

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $306,447,087,761 (2021)
GDP Growth Rate (annual %) 5.637% (2021)
GDP Per Capita, PPP (current international) $2,600 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 58/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 26.84% (2021)
External debt stocks, total (DOD, current US$) $30,364,411,863 (2020)
Total tax rate (% of commercial profits) 37.7% (2019)
Real Interest Rate (5 year average %) -17.122% (2008)
Manufacturing, value added (% of GDP) 4.605% (2021)
Current Account Balance (BoP, current US$) ($2,718,803,790) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 55,899,088 (2021)
Employment in Agriculture (% of total employment) 65.617% (2020)
Employment in Industry (% of total employment) 10.35% (2020)
Employment in Services (% of total employment) 24.033% (2020)
Unemployment Rate 3.694% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $18,540,745,791 (2021)
Exports of goods and services (current US$) $8,448,635,570 (2021)
Total Merchandise Trade (% of GDP) 17.731% (2021)
FDI, net inflows (BoP, current US$) $2,395,799,881 (2020)
Commercial Service Exports (current US$) $4,318,052,360 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ethiopia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank