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Ethiopia Real GDP

Ethiopia's real GDP rose to $121.01 billion in 2024, up from $112.76 billion in 2023, according to World Bank. This represents an increase of 7.3% ($8.25 billion) from the previous year and accounts for 0.13% of the world's total real GDP. Ethiopia has real GDP higher than the global median ($121.01 billion vs median $29.34 billion). Compared with the median in Africa, Ethiopia is higher ($121.01 billion vs regional median $17.15 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 (1961-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 121.01
2023 112.76
2022 105.78
2021 100.44
2020 95.07
2019 89.64
2018 82.72
2017 77.44
2016 70.68
2015 64.59
2014 58.51
2013 53.07
2012 47.99
2011 44.17
2010 39.73
2009 35.3
2008 32.44
2007 29.28
2006 26.27
2005 23.7
2004 21.2
2003 18.67
2002 19.08
2001 18.79
2000 17.35
1999 16.36
1998 15.56
1997 16.11
1996 15.62
1995 13.9
1994 13.09
1993 12.69
1992 11.22
1991 12.28
1990 13.22
1989 12.87
1988 12.92
1987 12.86
1986 11.29
1985 10.3
1984 11.59
1983 11.93
1982 11.02
1981 10.92
1980 10.46
1979 9.83
1978 9.94
1977 9.67
1976 9.42
1975 9.4
1974 9.29
1973 8.99
1972 8.56
1971 8.21
1970 7.71
1969 7.45
1968 7.34
1967 7.05
1966 6.78
1965 6.32
1964 5.97
1963 5.74
1962 5.49
1961 5.26
Ethiopia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Ethiopia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $126.77B $111.26B 2022
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