Current account balance as a share of GDP in Ethiopia
Ethiopia: Current account balance as a share of GDP was -2.5% in 2024. ◆ Volatile
Current account balance as a share of GDP in Ethiopia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Ethiopia is -2.5%, measured in 2024.
That represents a change of up 28.1% on the previous year and up 75.6% over ten years.
Over the whole period, current account balance as a share of gdp in Ethiopia peaked at 0.2% in 2000 and was at its lowest, -12.6%, in 2005.
Ethiopia ranks 118th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Ethiopia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.2% | — |
| 2001 | -4.5% | -2937.5% |
| 2002 | -1.7% | -61.7% |
| 2003 | -1.6% | -9.2% |
| 2004 | -6.6% | +317.1% |
| 2005 | -12.6% | +91.8% |
| 2006 | -11.7% | -7.5% |
| 2007 | -4.2% | -64.1% |
| 2008 | -6.7% | +58.8% |
| 2009 | -6.8% | +1.2% |
| 2010 | -2.1% | -68.6% |
| 2011 | -3.3% | +55.7% |
| 2012 | -7.1% | +115.5% |
| 2013 | -6.4% | -10.4% |
| 2014 | -10.4% | +63.0% |
| 2015 | -12.2% | +17.3% |
| 2016 | -11.5% | -5.3% |
| 2017 | -7.8% | -32.8% |
| 2018 | -5.5% | -28.7% |
| 2019 | -5.5% | -1.1% |
| 2020 | -2.8% | -49.5% |
| 2021 | -4.1% | +49.6% |
| 2022 | -4.2% | +1.5% |
| 2023 | -3.5% | -16.0% |
| 2024 | -2.5% | -28.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.6% | -12.6% | 0.2% | 10 |
| 2010s | -7.2% | -12.2% | -2.1% | 10 |
| 2020s | -3.4% | -4.2% | -2.5% | 5 |
Countries ranked near Ethiopia
- 115 United Kingdom of Great Britain and Northern Ireland -2.2% compare
- 116 Albania -2.4% compare
- 117 Saint Lucia -2.5% compare
- 119 Belarus -2.6% compare
- 119 Bolivia, Plurinational State of -2.6% compare
- 121 Iceland -2.6% compare
More economy & growth data for Ethiopia
- Services, value added (constant LCU), per capita 8,303 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 16.68 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -16.09 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9619 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 897.15 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 27.36 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 114.9 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 107,170 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 9.15 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9742 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Ethiopia?
- Current account balance as a share of gdp in Ethiopia was -2.5% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Ethiopia?
- The highest recorded value was 0.2% in 2000.
- What is the lowest current account balance as a share of gdp recorded in Ethiopia?
- The lowest recorded value was -12.6% in 2005.
- How does Ethiopia rank for current account balance as a share of gdp?
- Ethiopia ranks 118th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Ethiopia?
- Over the last ten years it is up 75.6%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).