Labor force | 61.664 million (2023 est.) |
---|---|
Industrial production growth rate | 6.93% (2023 est.) |
Industries | food processing, beverages, textiles, leather, garments, chemicals, metals processing, cement |
Population below poverty line | 23.5% (2015 est.) |
Taxes and other revenues | 4.51% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | birr (ETB) per US dollar - |
Exchange rates 2023 | 54.601 (2023 est.) |
Exchange rates 2022 | 51.756 (2022 est.) |
Exchange rates 2021 | 43.734 (2021 est.) |
Exchange rates 2020 | 34.927 (2020 est.) |
Exchange rates 2019 | 29.07 (2019 est.) |
Debt - external | |
Debt - external 2022 | $21.522 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2020 | $3.046 billion (2020 est.) |
Reserves of foreign exchange and gold 2019 | $2.993 billion (2019 est.) |
Reserves of foreign exchange and gold 2018 | $3.987 billion (2018 est.) |
Current account balance | |
Current account balance 2023 | -$4.788 billion (2023 est.) |
Current account balance 2022 | -$5.16 billion (2022 est.) |
Current account balance 2021 | -$4.507 billion (2021 est.) |
Public debt | |
Public debt 2019 | 31.45% of GDP (2019 est.) |
Budget | |
Revenues | $7.009 billion (2022 est.) |
Expenditures | $8.83 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.36% of GDP (2023 est.) |
Remittances 2022 | 0.4% of GDP (2022 est.) |
Remittances 2021 | 0.4% of GDP (2021 est.) |
Household income | |
Lowest 10% | 2.9% (2015 est.) |
Highest 10% | 28.5% (2015 est.) |
Average household expenditures | |
On food | 39.7% of household expenditures (2022 est.) |
On alcohol and tobacco | 3.1% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $22.951 billion (2023 est.) |
Imports 2022 | $24.187 billion (2022 est.) |
Imports 2021 | $20.859 billion (2021 est.) |
Imports (partners) | China 24%, US 9%, India 8%, UAE 6%, UK 4% (2022) |
Comodities Imports force | wheat, refined petroleum, fertilizers, vaccines, palm oil (2022) |
Exports | |
Imports 2023 | $22.951 billion (2023 est.) |
Imports 2022 | $24.187 billion (2022 est.) |
Imports 2021 | $20.859 billion (2021 est.) |
Exports (partners) | UAE 17%, US 13%, Germany 6%, Saudi Arabia 6%, Somalia 6% (2022) |
Comodities Exports force | coffee, gold, garments, cut flowers, vegetables (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $354.604 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $332.968 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $316.145 billion (2021 est.) |
GDP (official exchange rate) | $163.698 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $2,800 (2023 est.) |
Real GDP per capita 2022 | $2,700 (2022 est.) |
Real GDP per capita 2021 | $2,600 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 35.8% (2023 est.) |
Industry | 24.5% (2023 est.) |
Services | 37% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 78.9% (2023 est.) |
Government consumption | 6.3% (2023 est.) |
Investment in fixed capital | 22.2% (2023 est.) |
Exports of goods and services | 6.6% (2023 est.) |
Imports of goods and services | -14% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 3.5% (2023 est.) |
Unemployment rate 2022 | 3.49% (2022 est.) |
Unemployment rate 2021 | 3.94% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 5.6% (2023 est.) |
Male | 4% (2023 est.) |
Female | 7.4% (2023 est.) |
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