Gross domestic product (GDP) in Ethiopia
Ethiopia: Gross domestic product (GDP) was 406.07 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
406.07 billion international-$ in 2021 prices
Change on year
up 5.9%
World rank
53rd
of 184 countries
All-time high
406.07 billion international-$ in 2021 prices
in 2023
All-time low
9.06 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Ethiopia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 9.06 billion international-$ in 2021 prices | — |
| 1951 | 10.30 billion international-$ in 2021 prices | +13.7% |
| 1952 | 10.62 billion international-$ in 2021 prices | +3.1% |
| 1953 | 11.37 billion international-$ in 2021 prices | +7.0% |
| 1954 | 11.45 billion international-$ in 2021 prices | +0.8% |
| 1955 | 11.70 billion international-$ in 2021 prices | +2.2% |
| 1956 | 12.29 billion international-$ in 2021 prices | +5.0% |
| 1957 | 12.19 billion international-$ in 2021 prices | -0.8% |
| 1958 | 12.26 billion international-$ in 2021 prices | +0.6% |
| 1959 | 13.11 billion international-$ in 2021 prices | +6.9% |
| 1960 | 13.67 billion international-$ in 2021 prices | +4.3% |
| 1961 | 14.21 billion international-$ in 2021 prices | +4.0% |
| 1962 | 14.78 billion international-$ in 2021 prices | +4.0% |
| 1963 | 15.17 billion international-$ in 2021 prices | +2.6% |
| 1964 | 16.12 billion international-$ in 2021 prices | +6.3% |
| 1965 | 17.30 billion international-$ in 2021 prices | +7.3% |
| 1966 | 17.92 billion international-$ in 2021 prices | +3.6% |
| 1967 | 18.18 billion international-$ in 2021 prices | +1.5% |
| 1968 | 19.05 billion international-$ in 2021 prices | +4.8% |
| 1969 | 20.26 billion international-$ in 2021 prices | +6.4% |
| 1970 | 20.28 billion international-$ in 2021 prices | +0.1% |
| 1971 | 21.19 billion international-$ in 2021 prices | +4.5% |
| 1972 | 22.21 billion international-$ in 2021 prices | +4.8% |
| 1973 | 22.76 billion international-$ in 2021 prices | +2.5% |
| 1974 | 23.21 billion international-$ in 2021 prices | +2.0% |
| 1975 | 24.00 billion international-$ in 2021 prices | +3.4% |
| 1976 | 24.91 billion international-$ in 2021 prices | +3.8% |
| 1977 | 25.24 billion international-$ in 2021 prices | +1.3% |
| 1978 | 25.79 billion international-$ in 2021 prices | +2.2% |
| 1979 | 26.44 billion international-$ in 2021 prices | +2.5% |
| 1980 | 28.04 billion international-$ in 2021 prices | +6.0% |
| 1981 | 31.28 billion international-$ in 2021 prices | +11.6% |
| 1982 | 34.27 billion international-$ in 2021 prices | +9.6% |
| 1983 | 39.92 billion international-$ in 2021 prices | +16.5% |
| 1984 | 40.42 billion international-$ in 2021 prices | +1.2% |
| 1985 | 42.70 billion international-$ in 2021 prices | +5.7% |
| 1986 | 41.79 billion international-$ in 2021 prices | -2.1% |
| 1987 | 41.44 billion international-$ in 2021 prices | -0.8% |
| 1988 | 40.80 billion international-$ in 2021 prices | -1.5% |
| 1989 | 37.78 billion international-$ in 2021 prices | -7.4% |
| 1990 | 43.02 billion international-$ in 2021 prices | +13.9% |
| 1991 | 38.96 billion international-$ in 2021 prices | -9.5% |
| 1992 | 35.19 billion international-$ in 2021 prices | -9.7% |
| 1993 | 38.81 billion international-$ in 2021 prices | +10.3% |
| 1994 | 36.25 billion international-$ in 2021 prices | -6.6% |
| 1995 | 40.69 billion international-$ in 2021 prices | +12.2% |
| 1996 | 41.40 billion international-$ in 2021 prices | +1.7% |
| 1997 | 45.38 billion international-$ in 2021 prices | +9.6% |
| 1998 | 42.01 billion international-$ in 2021 prices | -7.4% |
| 1999 | 43.53 billion international-$ in 2021 prices | +3.6% |
| 2000 | 43.01 billion international-$ in 2021 prices | -1.2% |
| 2001 | 50.24 billion international-$ in 2021 prices | +16.8% |
| 2002 | 44.63 billion international-$ in 2021 prices | -11.2% |
| 2003 | 47.62 billion international-$ in 2021 prices | +6.7% |
| 2004 | 56.36 billion international-$ in 2021 prices | +18.3% |
| 2005 | 67.48 billion international-$ in 2021 prices | +19.7% |
| 2006 | 68.44 billion international-$ in 2021 prices | +1.4% |
| 2007 | 81.67 billion international-$ in 2021 prices | +19.3% |
| 2008 | 89.51 billion international-$ in 2021 prices | +9.6% |
| 2009 | 94.84 billion international-$ in 2021 prices | +6.0% |
| 2010 | 112.08 billion international-$ in 2021 prices | +18.2% |
| 2011 | 126.38 billion international-$ in 2021 prices | +12.8% |
| 2012 | 138.48 billion international-$ in 2021 prices | +9.6% |
| 2013 | 150.03 billion international-$ in 2021 prices | +8.3% |
| 2014 | 185.03 billion international-$ in 2021 prices | +23.3% |
| 2015 | 201.59 billion international-$ in 2021 prices | +9.0% |
| 2016 | 229.13 billion international-$ in 2021 prices | +13.7% |
| 2017 | 243.23 billion international-$ in 2021 prices | +6.2% |
| 2018 | 259.03 billion international-$ in 2021 prices | +6.5% |
| 2019 | 282.29 billion international-$ in 2021 prices | +9.0% |
| 2020 | 298.92 billion international-$ in 2021 prices | +5.9% |
| 2021 | 350.43 billion international-$ in 2021 prices | +17.2% |
| 2022 | 383.38 billion international-$ in 2021 prices | +9.4% |
| 2023 | 406.07 billion international-$ in 2021 prices | +5.9% |
Ethiopia compared with similar countries
- Ethiopia's 406.07 billion international-$ in 2021 prices is above the median for low income countries, which is 42.81 billion international-$ in 2021 prices, 9.5× the median. (22 countries reporting)
- Ethiopia's 406.07 billion international-$ in 2021 prices is above the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 8.9× the median. (47 countries reporting)
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
- 50 Hong Kong 436.91 billion international-$ in 2021 prices compare
- 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.25 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0269 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 86.59 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0253 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 28.66 includes gold, current US$ per person (2024)
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.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.