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Ethiopia Trade (% GDP)

Ethiopia's trade (% GDP) fell to 17.31% in 2024, down from 20.6% in 2023, according to World Bank. This represents a decrease of 3.29% from the previous year. Ethiopia has the 2nd lowest trade (% GDP). Other bottom countries are Sudan, Haiti, United States and Bangladesh.

Yearly Historical Data (2011-2024)

(in %)
Year Trade (% GDP)
2024 17.31%
2023 20.6%
2022 26.6%
2021 24.35%
2020 24.01%
2019 28.82%
2018 31.2%
2017 31.1%
2016 34.9%
2015 39.66%
2014 40.74%
2013 41.47%
2012 45.4%
2011 48.23%
Ethiopia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Ethiopia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $2.86B $3.09B 2023
Annual Imports $17.05B $16.54B 2023
Balance of Trade -$3.8B -$3.4B Jun'24
Exports $1.3B $927M Jun'24
Exports (% GDP) 5.55% 6.6% 2024
FDI Inflows (% GDP) 2.89% 3.83% 2022
Imports $5.1B $4.4B Jun'24
Imports (% GDP) 11.76% 14% 2024
Net Trade (Goods & Services, BoP) -$12.09B -$13.22B 2023
Tariff Rate 18.49% 17.83% 2021