Gross Domestic Product — Annual growth Standard Local Currency in Ethiopia
Ethiopia: Gross Domestic Product — Annual growth Standard Local Currency was 34.72 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth Standard Local Currency in Ethiopia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross domestic product — annual growth standard local currency in Ethiopia is 34.72 %, measured in 2024.
The figure is down 16.7% on the previous year and up 55.2% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Ethiopia peaked at 45.09 % in 2012 and was at its lowest, -3.83 %, in 1998.
That places Ethiopia 8th out of 202 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth Standard Local Currency in Ethiopia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 14.08 % | — |
| 1992 | 8.32 % | -40.9% |
| 1993 | 28.76 % | +245.7% |
| 1994 | 5.82 % | -79.8% |
| 1995 | 19.61 % | +237.1% |
| 1996 | 11.96 % | -39.0% |
| 1997 | 9.3 % | -22.3% |
| 1998 | -3.83 % | -141.2% |
| 1999 | 5.86 % | -252.9% |
| 2000 | 13.37 % | +128.1% |
| 2001 | 2.07 % | -84.5% |
| 2002 | -2.16 % | -204.5% |
| 2003 | 10.33 % | -577.9% |
| 2004 | 18.01 % | +74.4% |
| 2005 | 22.86 % | +26.9% |
| 2006 | 23.64 % | +3.4% |
| 2007 | 30.65 % | +29.7% |
| 2008 | 44.37 % | +44.8% |
| 2009 | 35.07 % | -21.0% |
| 2010 | 14.18 % | -59.6% |
| 2011 | 35.86 % | +152.9% |
| 2012 | 45.09 % | +25.8% |
| 2013 | 16 % | -64.5% |
| 2014 | 22.37 % | +39.8% |
| 2015 | 22.35 % | -0.1% |
| 2016 | 20.81 % | -6.9% |
| 2017 | 16.88 % | -18.9% |
| 2018 | 20.04 % | +18.7% |
| 2019 | 22.3 % | +11.3% |
| 2020 | 25.42 % | +14.0% |
| 2021 | 28.63 % | +12.6% |
| 2022 | 41.83 % | +46.1% |
| 2023 | 41.66 % | -0.4% |
| 2024 | 34.72 % | -16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.1 % | -3.83 % | 28.76 % | 9 |
| 2000s | 19.82 % | -2.16 % | 44.37 % | 10 |
| 2010s | 23.59 % | 14.18 % | 45.09 % | 10 |
| 2020s | 34.45 % | 25.42 % | 41.83 % | 5 |
Countries ranked near Ethiopia
- 5 Lao People's Democratic Republic 18.76 % compare
- 5 South Sudan 81.75 % compare
- 6 Guyana 46.8 % compare
- 6 Viet Nam 11.55 % compare
- 7 Egypt 36.9 % compare
- 7 Syrian Arab Republic 11.53 % compare
- 8 Bolivia (Plurinational State of) 10.04 % compare
- 9 Ghana 32.49 % compare
- 9 United Republic of Tanzania 8.76 % compare
- 10 Republic of Moldova 6.68 % compare
- 10 Yemen 32.03 % compare
- 11 Angola 30.78 % compare
- 11 Micronesia (Federated States of) 6.2 % compare
More economy & growth data for Ethiopia
- Exports of goods and services (current LCU), annual growth rate 207.16 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.87 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 14,801 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 54.56 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.0996 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 92.89 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate -17.48 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2012 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 187.66 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 24.03 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — annual growth standard local currency in Ethiopia?
- Gross domestic product — annual growth standard local currency in Ethiopia was 34.72 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Ethiopia?
- The highest recorded value was 45.09 % in 2012.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Ethiopia?
- The lowest recorded value was -3.83 % in 1998.
- How does Ethiopia rank for gross domestic product — annual growth standard local currency?
- Ethiopia ranks 8th out of 202 countries with data for 2024.
- Is gross domestic product — annual growth standard local currency rising or falling in Ethiopia?
- Over the last ten years it is up 55.2%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).