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Trading Basics

Ethiopia

Capital
Addis Ababa
Region
Sub-Saharan Africa
Income group
Low income
Population
135 million (2025)

At a glance

  • Prices in Ethiopia rose 13.2% in 2025, faster than in most countries.
  • Ethiopia's economy grew 9.8% in 2025, faster than most economies.
  • Output per person in Ethiopia was US$933 in 2025, lower than in most countries.
  • 3.3% of Ethiopia's labour force had no job in 2025, a lower share than in most countries.
  • Ethiopia had 135 million people in 2025: about 1.7% of everyone on Earth, the 10th largest population of 217 countries and territories.
  • Ethiopia had a current account deficit of 2.5% of GDP in 2024, close to the middle of the range worldwide.

Consumer prices, change over the year (yearly average)

13.2%
World median 3.0%

Since 2000

Show the numbers
Inflation in Ethiopia and the world median, last ten years
YearEthiopiaWorld median
202513.2%3.0%
202421.0%3.0%
202330.2%5.7%
202233.9%8.0%
202126.8%3.5%
202020.4%1.9%
201915.8%2.2%
201813.8%2.5%
201710.7%2.3%
20166.6%1.6%

Real GDP, change over the year

9.8%
World median 3.4%

Since 2000

Show the numbers
Economic growth in Ethiopia and the world median, last ten years
YearEthiopiaWorld median
20259.8%3.4%
20247.6%3.4%
20236.6%3.2%
20225.3%4.3%
20215.6%5.1%
20206.1%−3.8%
20198.4%2.8%
20186.8%3.2%
20179.6%3.3%
20169.4%3.1%

GDP divided by population, in US dollars at current prices

US$933
World median US$7,882

Since 2000

Show the numbers
GDP per person in Ethiopia and the world median, last ten years
YearEthiopiaWorld median
2025US$933US$7,882
2024US$1,134US$7,853
2023US$1,056US$7,862
2022US$982US$7,656
2021US$893US$7,269
2020US$830US$6,433
2019US$793US$7,037
2018US$740US$6,978
2017US$696US$6,548
2016US$642US$5,982

Share of the labour force without a job (ILO modelled estimate)

3.3%
World median 5.1%

Since 2000

Show the numbers
Unemployment in Ethiopia and the world median, last ten years
YearEthiopiaWorld median
20253.3%5.1%
20243.4%5.1%
20233.4%5.2%
20223.4%5.3%
20213.9%6.0%
20204.0%6.4%
20192.9%5.4%
20182.8%5.4%
20172.7%5.6%
20162.6%5.9%

Everyone living in the country, mid-year

135 million

Since 2000

Show the numbers
Population in Ethiopia and the world median, last ten years
YearEthiopia
2025135 million
2024132 million
2023129 million
2022125 million
2021122 million
2020119 million
2019116 million
2018113 million
2017110 million
2016107 million

Current account balance, % of GDP

−2.5%
World median −1.3%

Since 2000

Show the numbers
Current account balance in Ethiopia and the world median, last ten years
YearEthiopiaWorld median
2024−2.5%−1.3%
2023−3.5%−1.2%
2022−4.2%−3.0%
2021−4.1%−2.4%
2020−2.8%−1.7%
2019−5.5%−2.1%
2018−5.5%−2.9%
2017−7.8%−2.1%
2016−11.5%−2.8%
2015−12.2%−2.8%

No recent World Bank figure for Ethiopia: government debt.

About these figures

All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Ethiopia since 2000 or since its first figure.

Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.