Gross Domestic Product — Value Standard Local Currency in Ethiopia
Ethiopia: Gross Domestic Product — Value Standard Local Currency was 11.75 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Ethiopia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Ethiopia stood at 11.75 million million SLC. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 34.7% on the previous year and up 1,007.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Ethiopia peaked at 11.75 million million SLC in 2024 and was at its lowest, 23,200 million SLC, in 1990.
That places Ethiopia 56th out of 218 countries with data for 2024, 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 — Value Standard Local Currency in Ethiopia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 23,200 million SLC | — |
| 1991 | 26,467 million SLC | +14.1% |
| 1992 | 28,669 million SLC | +8.3% |
| 1993 | 36,914 million SLC | +28.8% |
| 1994 | 39,061 million SLC | +5.8% |
| 1995 | 46,722 million SLC | +19.6% |
| 1996 | 52,310 million SLC | +12.0% |
| 1997 | 57,174 million SLC | +9.3% |
| 1998 | 54,982 million SLC | -3.8% |
| 1999 | 58,205 million SLC | +5.9% |
| 2000 | 65,986 million SLC | +13.4% |
| 2001 | 67,351 million SLC | +2.1% |
| 2002 | 65,895 million SLC | -2.2% |
| 2003 | 72,703 million SLC | +10.3% |
| 2004 | 85,800 million SLC | +18.0% |
| 2005 | 105,415 million SLC | +22.9% |
| 2006 | 130,334 million SLC | +23.6% |
| 2007 | 170,281 million SLC | +30.6% |
| 2008 | 245,836 million SLC | +44.4% |
| 2009 | 332,060 million SLC | +35.1% |
| 2010 | 379,135 million SLC | +14.2% |
| 2011 | 515,079 million SLC | +35.9% |
| 2012 | 747,327 million SLC | +45.1% |
| 2013 | 866,921 million SLC | +16.0% |
| 2014 | 1.06 million million SLC | +22.4% |
| 2015 | 1.30 million million SLC | +22.4% |
| 2016 | 1.57 million million SLC | +20.8% |
| 2017 | 1.83 million million SLC | +16.9% |
| 2018 | 2.20 million million SLC | +20.0% |
| 2019 | 2.69 million million SLC | +22.3% |
| 2020 | 3.37 million million SLC | +25.4% |
| 2021 | 4.34 million million SLC | +28.6% |
| 2022 | 6.16 million million SLC | +41.8% |
| 2023 | 8.72 million million SLC | +41.7% |
| 2024 | 11.75 million million SLC | +34.7% |
Ethiopia compared with similar countries
- Ethiopia's 11.75 million million SLC is below the median for low income countries, which is 11.93 million million SLC, 98% of the median. (23 countries reporting)
- Ethiopia's 11.75 million million SLC is above the median for Sub-Saharan Africa, which is 8.81 million million SLC, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42,370 million SLC | 23,200 million SLC | 58,205 million SLC | 10 |
| 2000s | 134,166 million SLC | 65,895 million SLC | 332,060 million SLC | 10 |
| 2010s | 1.32 million million SLC | 379,135 million SLC | 2.69 million million SLC | 10 |
| 2020s | 6.87 million million SLC | 3.37 million million SLC | 11.75 million million SLC | 5 |
Countries ranked near Ethiopia
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 — value standard local currency in Ethiopia?
- Gross domestic product — value standard local currency in Ethiopia was 11.75 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Ethiopia?
- The highest recorded value was 11.75 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Ethiopia?
- The lowest recorded value was 23,200 million SLC in 1990.
- How does Ethiopia rank for gross domestic product — value standard local currency?
- Ethiopia ranks 56th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Ethiopia?
- Over the last ten years it is up 1,007.7%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).