Ethiopia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Ethiopia's GDP changed from approximately $7B 385M in 1980 to $205B 130M in 2024, showing an overall 2677.7% sharply increased during the period.
The lowest GDP was recorded in 1980 at $7B 385M, and the highest in 2024 at $205B 130M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.8%.
For comparison, the average annual growth rate of Egypt was 6.3%, and that of Eritrea was 4.5%.

Overview of Ethiopia's GDP (1980–2024)

The Gross Domestic Product (GDP) of Ethiopia recorded a 2677.7% sharply increased from 1980 to 2024.
The average GDP during this period was $35B 622M, and the median was $12B 387M.
GDP fluctuated within a range of $197B 745M, with a standard deviation of $44B 484M.
The average annual change was $2B 626M.


Ethiopia GDP from 1980 to 2024

The total market value of goods and services produced annually in Ethiopia.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $7B 385M
    • Highest GDP: 2024, $205B 130M
    • Most Recent GDP: 2024, $205B 130M

    Notable Annual GDP Changes

    • 2024: Significant increase in GDP
    • 1993: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Ethiopia's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $92B 608M → $96B 611M
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $19B 329M → $28B 672M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $8B 167M → $8B 103M
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $8B 621M → $7B 815M
    • Outcome: declined

    Key Economic Indicators of Ethiopia (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 7B 385M
    $ 227.62
    $ 323.52
    $ 10B 496M
    3.997 %
    -3.062 %
    5 %
    -2.031 %
    32M 444K people
    1981
    $ 7B 578M
    $ 228.06
    $ 345.79
    $ 11B 489M
    0 %
    -2.571 %
    6.01 %
    -1.55 %
    33M 226K people
    1982
    $ 7B 973M
    $ 233.31
    $ 360.40
    $ 12B 317M
    0.961 %
    -3.738 %
    5.17 %
    -2.736 %
    34M 175K people
    1983
    $ 8B 863M
    $ 251.40
    $ 391.51
    $ 13B 803M
    7.845 %
    -2.094 %
    5.43 %
    -6.737 %
    35M 256K people
    1984
    $ 8B 375M
    $ 229.99
    $ 383.68
    $ 13B 972M
    -2.305 %
    -2.74 %
    8.09 %
    -2.559 %
    36M 415K people
    1985
    $ 9B 808M
    $ 260.76
    $ 339.48
    $ 12B 768M
    -11.413 %
    1.036 %
    5.92 %
    -3.332 %
    37M 612K people
    1986
    $ 10B 188M
    $ 262.32
    $ 367.88
    $ 14B 288M
    9.693 %
    -1.932 %
    7.30 %
    -2.724 %
    38M 839K people
    1987
    $ 10B 890M
    $ 271.54
    $ 415.73
    $ 16B 672M
    13.87 %
    -0.935 %
    5.56 %
    -2.526 %
    40M 105K people
    1988
    $ 11B 285M
    $ 272.45
    $ 419.12
    $ 17B 360M
    0.574 %
    -2.592 %
    10.20 %
    -2.353 %
    41M 420K people
    1989
    $ 11B 872M
    $ 277.39
    $ 419.60
    $ 17B 958M
    -0.457 %
    -1.384 %
    8.19 %
    -3.288 %
    42M 799K people
    1990
    $ 12B 595M
    $ 284.64
    $ 431.99
    $ 19B 115M
    2.602 %
    -1.145 %
    7.15 %
    -5.962 %
    44M 249K people
    1991
    $ 13B 928M
    $ 304.28
    $ 400.57
    $ 18B 335M
    -7.218 %
    -2.143 %
    4.95 %
    -5.06 %
    45M 774K people
    1992
    $ 14B 696M
    $ 310.31
    $ 360.71
    $ 17B 82M
    -8.907 %
    0.036 %
    6.55 %
    -3.882 %
    47M 359K people
    1993
    $ 9B 143M
    $ 186.66
    $ 404.74
    $ 19B 825M
    13.363 %
    0.072 %
    7.48 %
    -2.723 %
    48M 981K people
    1994
    $ 8B 135M
    $ 160.75
    $ 414.06
    $ 20B 954M
    3.486 %
    -1.082 %
    9.23 %
    -3.009 %
    50M 606K people
    1995
    $ 7B 887M
    $ 151.06
    $ 434.81
    $ 22B 703M
    6.121 %
    2.458 %
    13.49 %
    -1.015 %
    52M 212K people
    1996
    $ 8B 794M
    $ 163.50
    $ 487.96
    $ 26B 247M
    13.533 %
    0.302 %
    12.23 %
    -2.228 %
    53M 789K people
    1997
    $ 8B 621M
    $ 155.77
    $ 496.12
    $ 27B 458M
    2.84 %
    -0.264 %
    10.03 %
    -0.119 %
    55M 345K people
    1998
    $ 7B 815M
    $ 137.37
    $ 467.64
    $ 26B 604M
    -4.185 %
    -0.537 %
    12.53 %
    -2.087 %
    56M 891K people
    1999
    $ 7B 515M
    $ 128.58
    $ 490.68
    $ 28B 679M
    6.294 %
    -7.027 %
    7.40 %
    -6.8 %
    58M 448K people