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%.

Ethiopia GDP from 1980 to 2024

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

Change Chart

    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.


    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