Annual current GDP growth (%) : 7.958
Population (Thousands) : nodata
Economic performance and outlook
Ethiopia's economy slowed in 2021, growing by 5.6 percent in 2021 compared to 6.1 percent in 2020. The current account deficit at 4.4 percent of GDP in 2020 improves slightly to 4.3 percent in 2021, thanks to moderate imports, FDI financing and remittances. International reserves remain low at 2.2 months of import cover in 2021. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
At the end of 2017, the banking sector of Ethiopia represented a total asset of $30 billion.
Credit distributed to businesses represents $14 billion and, more broadly, credit to private sector totaling $24 billion at the end of 2017