Current account balance in Ethiopia
Ethiopia: Current account balance was -3.79 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Ethiopia, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Ethiopia stood at -3.79 billion BoP, current US$.
That represents a change of up 20.8% on the previous year and up 34.3% over ten years.
Over the whole period, current account balance in Ethiopia peaked at 125.42 million BoP, current US$ in 1994 and was at its lowest, -7.91 billion BoP, current US$, in 2016.
That places Ethiopia 162nd out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -95.22 million BoP, current US$ | -111.74 million BoP, current US$ | -82.56 million BoP, current US$ | 3 |
| 1980s | -178.02 million BoP, current US$ | -327.15 million BoP, current US$ | 106.28 million BoP, current US$ | 10 |
| 1990s | -95.43 million BoP, current US$ | -465.22 million BoP, current US$ | 125.42 million BoP, current US$ | 10 |
| 2000s | -947.88 million BoP, current US$ | -2.19 billion BoP, current US$ | 13.46 million BoP, current US$ | 10 |
| 2010s | -4.46 billion BoP, current US$ | -7.91 billion BoP, current US$ | -635.27 million BoP, current US$ | 10 |
| 2020s | -4.19 billion BoP, current US$ | -5.16 billion BoP, current US$ | -2.72 billion BoP, current US$ | 5 |
Countries ranked near Ethiopia
- 159 Algeria -2.75 billion BoP, current US$ compare
- 160 Jordan -3.13 billion BoP, current US$ compare
- 161 Afghanistan -3.14 billion BoP, current US$ compare
- 163 Venezuela -3.87 billion BoP, current US$ compare
- 164 Cote d'Ivoire -3.89 billion BoP, current US$ compare
- 165 Democratic Republic of Congo -3.94 billion BoP, current US$ compare
More economy & growth data for Ethiopia
- External balance on goods and services as a percent of GDP -6.9% (2025)
- Inflation of consumer prices 13.2% (2025)
- GDP per capita 945.36 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.2% (2025)
- Gross domestic product (GDP) 128.07 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 945.36 constant 2015 US$ (2025)
- DEC alternative conversion factor 119.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.06 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 8.86 billion current US$ (2025)
- Taxes less subsidies on products 575.80 billion current LCU (2025)
Frequently asked questions
- What is current account balance in Ethiopia?
- Current account balance in Ethiopia was -3.79 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Ethiopia?
- The highest recorded value was 125.42 million BoP, current US$ in 1994.
- What is the lowest current account balance recorded in Ethiopia?
- The lowest recorded value was -7.91 billion BoP, current US$ in 2016.
- How does Ethiopia rank for current account balance?
- Ethiopia ranks 162nd out of 198 countries with data for 2024.
- Is current account balance rising or falling in Ethiopia?
- Over the last ten years it is up 34.3%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.