Ethiopia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$163.70 billion
↑ 29.13% vs 2022GDP per Capita
$1,272.02
↑ 25.81% vs 2022GDP Growth (Annual %)
6.50%
↑ 1.18pp vs 2022Inflation Rate (CPI %)
30.22%
↓ 3.67pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $126.77 billion | $163.70 billion | +29.13% |
| GDP per Capita | $1,011.07 | $1,272.02 | +25.81% |
| GDP Growth (Annual %) | 5.32% | 6.50% | +1.18pp |
| Inflation (CPI %) | 33.89% | 30.22% | -3.67pp |
| Unemployment Rate (%) | 3.41% | 3.40% | -0.01pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $163.70 billion
- GDP per Capita
- $1,272.02
- GDP Growth (Annual %)
- 6.50%
- Gross National Income
- $163.28 billion
Prices & Employment
- Inflation (CPI %)
- 30.22%
- Inflation (GDP Deflator %)
- 33.02%
- Unemployment Rate (%)
- 3.40%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -2.92%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Ethiopia's Gross Domestic Product (GDP) is $163.70 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Ethiopia for 2023 is $1,272.02. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Ethiopia for 2023 is 30.22%. This measures the annual percentage change in the cost of consumer goods and services.
Ethiopia's annual GDP growth rate for 2023 is 6.50%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Ethiopia for 2023 is 3.40%. This represents the percentage of the labor force that is unemployed and actively seeking employment.