Gross Domestic Product … Standard Local Currency annual growth rate in Ethiopia
Ethiopia: Gross Domestic Product … Standard Local Currency annual growth rate was 7.32 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Ethiopia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ethiopia recorded 7.32 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is up 11.0% on the previous year and down 28.7% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Ethiopia peaked at 13.57 % change on previous year in 2004 and was at its lowest, -8.91 % change on previous year, in 1992.
That places Ethiopia 11th out of 223 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 … Standard Local Currency annual growth rate in Ethiopia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -7.22 % change on previous year | — |
| 1992 | -8.91 % change on previous year | +23.4% |
| 1993 | 13.36 % change on previous year | -250.0% |
| 1994 | 3.49 % change on previous year | -73.9% |
| 1995 | 6.12 % change on previous year | +75.6% |
| 1996 | 13.53 % change on previous year | +121.1% |
| 1997 | 2.84 % change on previous year | -79.0% |
| 1998 | -4.05 % change on previous year | -242.4% |
| 1999 | 5.16 % change on previous year | -227.6% |
| 2000 | 6.07 % change on previous year | +17.6% |
| 2001 | 8.3 % change on previous year | +36.7% |
| 2002 | 1.51 % change on previous year | -81.8% |
| 2003 | -2.16 % change on previous year | -242.7% |
| 2004 | 13.57 % change on previous year | -728.0% |
| 2005 | 11.82 % change on previous year | -12.9% |
| 2006 | 10.83 % change on previous year | -8.3% |
| 2007 | 11.46 % change on previous year | +5.7% |
| 2008 | 10.79 % change on previous year | -5.8% |
| 2009 | 8.8 % change on previous year | -18.4% |
| 2010 | 12.55 % change on previous year | +42.6% |
| 2011 | 13.16 % change on previous year | +4.8% |
| 2012 | 8.65 % change on previous year | -34.3% |
| 2013 | 10.58 % change on previous year | +22.4% |
| 2014 | 10.26 % change on previous year | -3.0% |
| 2015 | 10.39 % change on previous year | +1.2% |
| 2016 | 7.56 % change on previous year | -27.2% |
| 2017 | 9.56 % change on previous year | +26.5% |
| 2018 | 6.82 % change on previous year | -28.7% |
| 2019 | 8.36 % change on previous year | +22.7% |
| 2020 | 6.06 % change on previous year | -27.6% |
| 2021 | 5.64 % change on previous year | -6.9% |
| 2022 | 5.32 % change on previous year | -5.7% |
| 2023 | 6.59 % change on previous year | +23.9% |
| 2024 | 7.32 % change on previous year | +11.0% |
Ethiopia compared with similar countries
- Ethiopia's 7.32 % change on previous year is above the median for low income countries, which is 4 % change on previous year, 1.8× the median. (23 countries reporting)
- Ethiopia's 7.32 % change on previous year is above the median for Sub-Saharan Africa, which is 4 % change on previous year, 1.8× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency annual growth rate in Ethiopia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +728.0% | -2.16 % change on previous year | 13.57 % change on previous year |
| 1993 | +250.0% | -8.91 % change on previous year | 13.36 % change on previous year |
| 1998 | -242.4% | 2.84 % change on previous year | -4.05 % change on previous year |
| 2003 | -242.7% | 1.51 % change on previous year | -2.16 % change on previous year |
| 1999 | +227.6% | -4.05 % change on previous year | 5.16 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7 % change on previous year | -8.91 % change on previous year | 13.53 % change on previous year | 9 |
| 2000s | 8.1 % change on previous year | -2.16 % change on previous year | 13.57 % change on previous year | 10 |
| 2010s | 9.79 % change on previous year | 6.82 % change on previous year | 13.16 % change on previous year | 10 |
| 2020s | 6.19 % change on previous year | 5.32 % change on previous year | 7.32 % change on previous year | 5 |
Countries ranked near Ethiopia
- 8 Tajikistan 8.4 % change on previous year compare
- 9 Belize 8.15 % change on previous year compare
- 10 Benin 7.45 % change on previous year compare
- 12 Cabo Verde 7.27 % change on previous year compare
- 13 Palau 7.23 % change on previous year compare
- 14 Vietnam 7.09 % change on previous year compare
- 14 Viet Nam 7.09 % change on previous year compare
More economy & growth data for Ethiopia
- Real gdp growth, annual growth rate 13.66 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 4.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.0318 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.4608 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.0232 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -16.34 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0038 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 3.57 units per person (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Ethiopia?
- Gross domestic product — value standard local currency, 2015 prices in Ethiopia was 7.32 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Ethiopia?
- The highest recorded value was 13.57 % change on previous year in 2004.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Ethiopia?
- The lowest recorded value was -8.91 % change on previous year in 1992.
- How does Ethiopia rank for gross domestic product — value standard local currency, 2015 prices?
- Ethiopia ranks 11th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Ethiopia?
- Over the last ten years it is down 28.7%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.