Gross Domestic Product — Value US$ in Ethiopia
Ethiopia: Gross Domestic Product — Value US$ was 142,709 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Ethiopia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Ethiopia stood at 142,709 million USD.
That represents a change of down 10.7% on the previous year and up 163.5% over ten years.
Over the whole period, gross domestic product — value us$ in Ethiopia peaked at 159,746 million USD in 2023 and was at its lowest, 7,148 million USD, in 1994.
That places Ethiopia 70th out of 236 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 US$ in Ethiopia, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 11,208 million USD | — |
| 1991 | 12,786 million USD | +14.1% |
| 1992 | 10,230 million USD | -20.0% |
| 1993 | 7,383 million USD | -27.8% |
| 1994 | 7,148 million USD | -3.2% |
| 1995 | 7,587 million USD | +6.1% |
| 1996 | 8,236 million USD | +8.6% |
| 1997 | 8,522 million USD | +3.5% |
| 1998 | 7,727 million USD | -9.3% |
| 1999 | 7,328 million USD | -5.2% |
| 2000 | 8,030 million USD | +9.6% |
| 2001 | 7,963 million USD | -0.8% |
| 2002 | 7,691 million USD | -3.4% |
| 2003 | 8,454 million USD | +9.9% |
| 2004 | 9,936 million USD | +17.5% |
| 2005 | 12,164 million USD | +22.4% |
| 2006 | 14,983 million USD | +23.2% |
| 2007 | 18,992 million USD | +26.8% |
| 2008 | 25,609 million USD | +34.8% |
| 2009 | 28,194 million USD | +10.1% |
| 2010 | 26,311 million USD | -6.7% |
| 2011 | 30,479 million USD | +15.8% |
| 2012 | 42,210 million USD | +38.5% |
| 2013 | 46,542 million USD | +10.3% |
| 2014 | 54,163 million USD | +16.4% |
| 2015 | 63,079 million USD | +16.5% |
| 2016 | 72,158 million USD | +14.4% |
| 2017 | 76,795 million USD | +6.4% |
| 2018 | 80,210 million USD | +4.4% |
| 2019 | 92,562 million USD | +15.4% |
| 2020 | 96,622 million USD | +4.4% |
| 2021 | 99,260 million USD | +2.7% |
| 2022 | 118,962 million USD | +19.8% |
| 2023 | 159,746 million USD | +34.3% |
| 2024 | 142,709 million USD | -10.7% |
Ethiopia compared with similar countries
- Ethiopia's 142,709 million USD is above the median for low income countries, which is 14,019 million USD, 10.2× the median. (23 countries reporting)
- Ethiopia's 142,709 million USD is above the median for Sub-Saharan Africa, which is 17,421 million USD, 8.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8,815 million USD | 7,148 million USD | 12,786 million USD | 10 |
| 2000s | 14,202 million USD | 7,691 million USD | 28,194 million USD | 10 |
| 2010s | 58,451 million USD | 26,311 million USD | 92,562 million USD | 10 |
| 2020s | 123,460 million USD | 96,622 million USD | 159,746 million USD | 5 |
Countries ranked near Ethiopia
- 67 Venezuela (Bolivarian Republic of) 177,478 million USD compare
- 68 Kuwait 158,600 million USD compare
- 69 Morocco 154,426 million USD compare
- 71 Slovakia 140,729 million USD compare
- 72 Puerto Rico 125,339 million USD compare
- 73 Dominican Republic 125,302 million USD compare
More economy & growth data for Ethiopia
- 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)
- IMF holdings of currency, SDR, annual growth rate -20.34 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Ethiopia?
- Gross domestic product — value us$ in Ethiopia was 142,709 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Ethiopia?
- The highest recorded value was 159,746 million USD in 2023.
- What is the lowest gross domestic product — value us$ recorded in Ethiopia?
- The lowest recorded value was 7,148 million USD in 1994.
- How does Ethiopia rank for gross domestic product — value us$?
- Ethiopia ranks 70th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Ethiopia?
- Over the last ten years it is up 163.5%. 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 US$. 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).