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Ethiopia GDP Annual Growth Rate

Ethiopia's GDP annual growth rate rose to 7.32% in 2024, up from 6.59% in 2023, according to World Bank. This represents an increase of 0.73% from the previous year. Ethiopia has the 13th highest GDP annual growth rate. Within Africa, it ranks 4th out of 52 countries.

Ethiopia's real GDP rose to $121.01 billion in 2024, up from $112.76 billion in 2023.

Yearly Historical Data (1962-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 7.32%
2023 6.59%
2022 5.32%
2021 5.64%
2020 6.06%
2019 8.36%
2018 6.82%
2017 9.56%
2016 9.43%
2015 10.39%
2014 10.26%
2013 10.58%
2012 8.65%
2011 11.18%
2010 12.55%
2009 8.8%
2008 10.79%
2007 11.46%
2006 10.83%
2005 11.82%
2004 13.57%
2003 -2.16%
2002 1.51%
2001 8.3%
2000 6.07%
1999 5.16%
1998 -3.46%
1997 3.13%
1996 12.43%
1995 6.13%
1994 3.19%
1993 13.14%
1992 -8.67%
1991 -7.14%
1990 2.73%
1989 -0.36%
1988 0.5%
1987 13.86%
1986 9.66%
1985 -11.14%
1984 -2.85%
1983 8.24%
1982 0.92%
1981 4.38%
1980 6.42%
1979 -1.1%
1978 2.74%
1977 2.73%
1976 0.15%
1975 1.25%
1974 3.27%
1973 5.11%
1972 4.23%
1971 6.53%
1970 3.48%
1969 1.39%
1968 4.14%
1967 4.06%
1966 7.26%
1965 5.77%
1964 4.09%
1963 4.52%
1962 4.33%
Ethiopia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Ethiopia's total economic output.
Indicator Last Value Prior Value Period
GDP $126.77B $111.26B 2022
GDP Growth Rate (YoY) 7.3% 8.1% Dec'24
GDP per Capita $916.29 $876.17 2024
GDP per Capita PPP $2,884.26 $2,757.96 2024
R&D Expenditure (% GDP) 0.27% 0.6% 2017
Real GDP $121.01B $112.76B 2024