Gross domestic product (GDP) in Ethiopia
Ethiopia: Gross domestic product (GDP) was 406.07 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Ethiopia, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Ethiopia stood at 406.07 billion international-$ in 2021 prices. That is the highest value across all 74 years on record.
The figure is up 5.9% on the previous year and up 170.7% over ten years.
Over the whole period, gross domestic product (gdp) in Ethiopia peaked at 406.07 billion international-$ in 2021 prices in 2023 and was at its lowest, 9.06 billion international-$ in 2021 prices, in 1950.
That places Ethiopia 53rd out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 11.44 billion international-$ in 2021 prices | 9.06 billion international-$ in 2021 prices | 13.11 billion international-$ in 2021 prices | 10 |
| 1960s | 16.66 billion international-$ in 2021 prices | 13.67 billion international-$ in 2021 prices | 20.26 billion international-$ in 2021 prices | 10 |
| 1970s | 23.60 billion international-$ in 2021 prices | 20.28 billion international-$ in 2021 prices | 26.44 billion international-$ in 2021 prices | 10 |
| 1980s | 37.84 billion international-$ in 2021 prices | 28.04 billion international-$ in 2021 prices | 42.70 billion international-$ in 2021 prices | 10 |
| 1990s | 40.52 billion international-$ in 2021 prices | 35.19 billion international-$ in 2021 prices | 45.38 billion international-$ in 2021 prices | 10 |
| 2000s | 64.38 billion international-$ in 2021 prices | 43.01 billion international-$ in 2021 prices | 94.84 billion international-$ in 2021 prices | 10 |
| 2010s | 192.73 billion international-$ in 2021 prices | 112.08 billion international-$ in 2021 prices | 282.29 billion international-$ in 2021 prices | 10 |
| 2020s | 359.70 billion international-$ in 2021 prices | 298.92 billion international-$ in 2021 prices | 406.07 billion international-$ in 2021 prices | 4 |
Countries ranked near Ethiopia
- 51 Venezuela 435.13 billion international-$ in 2021 prices compare
- 52 Israel 408.45 billion international-$ in 2021 prices compare
- 54 Myanmar 396.32 billion international-$ in 2021 prices compare
- 55 Denmark 392.00 billion international-$ in 2021 prices compare
- 56 Portugal 382.11 billion international-$ in 2021 prices 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 gross domestic product (gdp) in Ethiopia?
- Gross domestic product (gdp) in Ethiopia was 406.07 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Ethiopia?
- The highest recorded value was 406.07 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Ethiopia?
- The lowest recorded value was 9.06 billion international-$ in 2021 prices in 1950.
- How does Ethiopia rank for gross domestic product (gdp)?
- Ethiopia ranks 53rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Ethiopia?
- Over the last ten years it is up 170.7%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.