Ethiopia Economic Statistics and Indicators
29, Jul 2015, EDT. Welcome to the Ethiopia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Ethiopia › Change country
National or Regional Currency: Birr, ETB
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 96633458 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 1,104,300 sq km ; land: 1 million sq km ; water: 104,300 sq km
Natural Resources: small reserves of gold, platinum, copper, potash, natural gas, hydropower
Capital: name: Addis Ababa ; geographic coordinates: 9 02 N, 38 42 E ; time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time)
Ethiopia's economy is based on agriculture but the government is pushing to diversify into manufacturing, textiles, and energy generation.. Coffee is a major export crop. The agricultural sector suffers from poor cultivation practices and frequent drought, but recent joint efforts by the Government of Ethiopia and donors have strengthened Ethiopia's agricultural resilience, contributing to a reduction in the number of Ethiopians threatened with starvation. The banking, insurance, telecommunications, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted significant foreign investment in textiles, leather, commercial agriculture and manufacturing. Under Ethiopia's constitution, the state owns all land and provides long-term leases to the tenants; land use certificates are now being issued in some areas so that tenants have more recognizable rights to continued occupancy and hence make more concerted efforts to improve their leaseholds. While GDP growth has remained high, per capita income is among the lowest in the world. Ethiopia's economy continues on its state-led Growth and Transformation Plan under the new collective leadership that followed Prime Minister MELES’s death. The five-year economic plan has achieved high single-digit growth rates through government-led infrastructure expansion and commercial agriculture development. Ethiopia in 2014 will continue construction of its Grand Renaissance Dam on the Nile – a controversial five billion dollar effort to develop electricity for domestic consumption and export.
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GDP (Constant Prices, National Currency) for Ethiopia in year 2014 is ETB 602.071 Billion.
GDP (Current Prices, National Currency) for Ethiopia in year 2014 is ETB 997.8 Billion.
GDP (Current Prices, US Dollars) for Ethiopia in year 2014 is US$ 49.857 Billion.
GDP Deflator for Ethiopia in year 2014 is 165.728 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Ethiopia in year 2014 is ETB 10,966.96 .
GDP (PPP), US Dollars for Ethiopia in year 2014 is US$ 139.434 Billion.
GDP Per Capita (PPP), US Dollars for Ethiopia in year 2014 is US$ 1,532.54 .
Investment (% of GDP) for Ethiopia in year 2014 is 30.104 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Ethiopia in year 2014 is 549.58 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Ethiopia in year 2014 is 619.341 (Index, Base Year 2000 = 100).
Population for Ethiopia in year 2014 is 90.982 Million .
General government revenue (National Currency) for Ethiopia in year 2014 is ETB 156.433 Billions.
General government total expenditure (National Currency) for Ethiopia in year 2014 is ETB 183.557 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Ethiopia in year 2014 is ETB -27.124 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Ethiopia in year 2014 is ETB 997.859 Billions.
Current Account Balance (US Dollars) for Ethiopia in year 2014 is US$ -3.534 Billion.
|Number of Internet Users for Ethiopia|
|Internet Penetration Rate for Ethiopia|
|Number of Facebook Accounts for Ethiopia|
|Facebook Penetration Rate for Ethiopia|
|Corruption Perceptions Index Rank and Score for Ethiopia|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International