Ethiopia 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$173.34 billion
↑ 5.89% vs 2023GDP per Capita
$1,346.91
↑ 5.89% vs 2023GDP Growth (Annual %)
5.89%
↓ 0.61pp vs 2023Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $163.70 billion | $173.34 billion | +5.89% |
| GDP per Capita | $1,272.02 | $1,346.91 | +5.89% |
| GDP Growth (Annual %) | 6.50% | 5.89% | -0.61pp |
| Inflation (CPI %) | 30.22% | N/A | N/A |
| Unemployment Rate (%) | 3.40% | 3.40% | 0.00pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $173.34 billion
- GDP per Capita
- $1,346.91
- GDP Growth (Annual %)
- 5.89%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 3.40%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Ethiopia's Gross Domestic Product (GDP) is $173.34 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Ethiopia for 2024 is $1,346.91. GDP per capita is calculated by dividing the country's GDP by its population.
Ethiopia's annual GDP growth rate for 2024 is 5.89%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Ethiopia for 2024 is 3.40%. This represents the percentage of the labor force that is unemployed and actively seeking employment.