Net secondary income in Ethiopia
Ethiopia: Net secondary income was 8.35 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
8.35 billion BoP, current US$
Change on year
up 9.5%
World rank
20th
of 200 countries
All-time high
8.56 billion BoP, current US$
in 2022
All-time low
56.52 million BoP, current US$
in 1977
Years of data
48
1977–2024
Net secondary income in Ethiopia, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net secondary income in Ethiopia stood at 8.35 billion BoP, current US$.
That represents a change of up 9.5% on the previous year and up 34.2% over ten years.
Over the whole period, net secondary income in Ethiopia peaked at 8.56 billion BoP, current US$ in 2022 and was at its lowest, 56.52 million BoP, current US$, in 1977.
That places Ethiopia 20th out of 200 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Ethiopia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 56.52 million BoP, current US$ | — |
| 1978 | 84.69 million BoP, current US$ | +49.8% |
| 1979 | 82.13 million BoP, current US$ | -3.0% |
| 1980 | 72.42 million BoP, current US$ | -11.8% |
| 1981 | 68.89 million BoP, current US$ | -4.9% |
| 1982 | 140.77 million BoP, current US$ | +104.3% |
| 1983 | 250.68 million BoP, current US$ | +78.1% |
| 1984 | 331.30 million BoP, current US$ | +32.2% |
| 1985 | 611.01 million BoP, current US$ | +84.4% |
| 1986 | 183.19 million BoP, current US$ | -70.0% |
| 1987 | 408.21 million BoP, current US$ | +122.8% |
| 1988 | 442.46 million BoP, current US$ | +8.4% |
| 1989 | 336.23 million BoP, current US$ | -24.0% |
| 1990 | 449.08 million BoP, current US$ | +33.6% |
| 1991 | 504.65 million BoP, current US$ | +12.4% |
| 1992 | 885.39 million BoP, current US$ | +75.4% |
| 1993 | 531.38 million BoP, current US$ | -40.0% |
| 1994 | 726.55 million BoP, current US$ | +36.7% |
| 1995 | 736.23 million BoP, current US$ | +1.3% |
| 1996 | 671.41 million BoP, current US$ | -8.8% |
| 1997 | 417.90 million BoP, current US$ | -37.8% |
| 1998 | 574.09 million BoP, current US$ | +37.4% |
| 1999 | 481.06 million BoP, current US$ | -16.2% |
| 2000 | 678.01 million BoP, current US$ | +40.9% |
| 2001 | 830.26 million BoP, current US$ | +22.5% |
| 2002 | 855.68 million BoP, current US$ | +3.1% |
| 2003 | 1.23 billion BoP, current US$ | +44.1% |
| 2004 | 1.40 billion BoP, current US$ | +13.8% |
| 2005 | 1.40 billion BoP, current US$ | -0.1% |
| 2006 | 1.27 billion BoP, current US$ | -9.2% |
| 2007 | 3.39 billion BoP, current US$ | +165.9% |
| 2008 | 4.30 billion BoP, current US$ | +26.8% |
| 2009 | 3.46 billion BoP, current US$ | -19.5% |
| 2010 | 4.70 billion BoP, current US$ | +35.8% |
| 2011 | 4.96 billion BoP, current US$ | +5.6% |
| 2012 | 5.15 billion BoP, current US$ | +3.9% |
| 2013 | 5.23 billion BoP, current US$ | +1.5% |
| 2014 | 6.22 billion BoP, current US$ | +18.9% |
| 2015 | 6.58 billion BoP, current US$ | +5.7% |
| 2016 | 6.60 billion BoP, current US$ | +0.3% |
| 2017 | 7.22 billion BoP, current US$ | +9.3% |
| 2018 | 8.03 billion BoP, current US$ | +11.3% |
| 2019 | 7.21 billion BoP, current US$ | -10.1% |
| 2020 | 7.40 billion BoP, current US$ | +2.5% |
| 2021 | 7.40 billion BoP, current US$ | +0.0% |
| 2022 | 8.56 billion BoP, current US$ | +15.7% |
| 2023 | 7.62 billion BoP, current US$ | -10.9% |
| 2024 | 8.35 billion BoP, current US$ | +9.5% |
Ethiopia compared with similar countries
- Ethiopia's 8.35 billion BoP, current US$ is above the median for low income countries, which is 881.61 million BoP, current US$, 9.5× the median. (23 countries reporting)
- Ethiopia's 8.35 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 554.03 million BoP, current US$, 15.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 74.44 million BoP, current US$ | 56.52 million BoP, current US$ | 84.69 million BoP, current US$ | 3 |
| 1980s | 284.52 million BoP, current US$ | 68.89 million BoP, current US$ | 611.01 million BoP, current US$ | 10 |
| 1990s | 597.78 million BoP, current US$ | 417.90 million BoP, current US$ | 885.39 million BoP, current US$ | 10 |
| 2000s | 1.88 billion BoP, current US$ | 678.01 million BoP, current US$ | 4.30 billion BoP, current US$ | 10 |
| 2010s | 6.19 billion BoP, current US$ | 4.70 billion BoP, current US$ | 8.03 billion BoP, current US$ | 10 |
| 2020s | 7.87 billion BoP, current US$ | 7.40 billion BoP, current US$ | 8.56 billion BoP, current US$ | 5 |
Countries ranked near Ethiopia
- 17 Dominican Republic 11.30 billion BoP, current US$ compare
- 18 El Salvador 10.03 billion BoP, current US$ compare
- 19 Thailand 9.42 billion BoP, current US$ compare
- 21 Peru 7.91 billion BoP, current US$ compare
- 22 Kenya 7.61 billion BoP, current US$ compare
- 23 Ecuador 7.03 billion BoP, current US$ 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 net secondary income in Ethiopia?
- Net secondary income in Ethiopia was 8.35 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Ethiopia?
- The highest recorded value was 8.56 billion BoP, current US$ in 2022.
- What is the lowest net secondary income recorded in Ethiopia?
- The lowest recorded value was 56.52 million BoP, current US$ in 1977.
- How does Ethiopia rank for net secondary income?
- Ethiopia ranks 20th out of 200 countries with data for 2024.
- Is net secondary income rising or falling in Ethiopia?
- Over the last ten years it is up 34.2%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.