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 (2021): China, India, and United States
Top 3 Exported Goods (2021): Coffee & Spices, Vegetables, and Oil Seeds

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Textiles; Leather

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $346,892,741,943 (2022)
GDP Growth Rate (annual %) 5.317% (2022)
GDP Per Capita, PPP (current international) $2,812 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 57/197 (2022)

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$) $30,017,495,807 (2021)
Total tax rate (% of commercial profits) 37.7% (2019)
Real Interest Rate (5 year average %) -17.122% (2008)
Manufacturing, value added (% of GDP) 4.241% (2022)
Current Account Balance (BoP, current US$) ($4,507,268,340) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 60,026,672 (2022)
Employment in Agriculture (% of total employment) 63.66% (2021)
Employment in Industry (% of total employment) 10.188% (2021)
Employment in Services (% of total employment) 26.152% (2021)
Unemployment Rate 4.018% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $23,228,997,849 (2022)
Exports of goods and services (current US$) $10,453,358,911 (2022)
Total Merchandise Trade (% of GDP) 17.944% (2022)
FDI, net inflows (BoP, current US$) $3,669,991,332 (2022)
Commercial Service Exports (current US$) $7,000,872,482 (2022)
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