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Ethiopia GDP

Ethiopia's GDP rose to $126.77 billion in 2022, up from $111.26 billion in 2021, according to World Bank. This represents an increase of 13.9% ($15.51 billion) from the previous year and accounts for 0.11% of the world's total GDP. Ethiopia has GDP higher than the global median ($126.77 billion vs median $35.85 billion). Compared with the median in Africa, Ethiopia is higher ($126.77 billion vs regional median $20.75 billion) and ranks 6th out of 52 countries in Africa.

Ethiopia's GDP per capita rose to $916.29 in 2024, up from $876.17 in 2023.

Yearly Historical Data (1960-2022)

(in Billion USD)
Year GDP (Billion USD)
2022 126.77
2021 111.26
2020 107.66
2019 95.91
2018 84.27
2017 81.77
2016 74.3
2015 64.59
2014 55.61
2013 47.65
2012 43.31
2011 31.95
2010 29.93
2009 32.44
2008 27.07
2007 19.71
2006 15.28
2005 12.4
2004 10.13
2003 8.62
2002 7.85
2001 8.23
2000 8.24
1999 7.89
1998 8.01
1997 8.8
1996 8.76
1995 7.86
1994 7.1
1993 9.05
1992 10.75
1991 13.8
1990 12.48
1989 11.76
1988 11.18
1987 10.79
1986 10.09
1985 9.72
1984 8.3
1983 8.78
1982 7.9
1981 7.51
1980 7.01
1979 6.59
1978 6.01
1977 5.65
1976 4.94
1975 4.58
1974 4.58
1973 4.07
1972 3.52
1971 3.22
1970 3.05
1969 2.77
1968 2.62
1967 2.46
1966 2.32
1965 2.16
1964 1.98
1963 1.83
1962 1.75
1961 1.68
1960 1.61
Ethiopia GDP : Definition
GDP measures the total value of all goods and services produced in Ethiopia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 7.32% 6.59% 2024
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