Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Growth slowed in fiscal year 2017 but nevertheless remained quite robust. The expansion was supported by strong, albeit softening, growth in the manufacturing sector, as well as by robust growth in the services sector. In addition, the banking system remained in good shape, showing solid capitalization and good profitability. Mining activity fell considerably, however, while agricultural output recorded only a modest increase, weighed down by soft commodity prices and overseas sales. In the political arena, the government unveiled a plan at the end of December to improve the country’s business environment. The plan, which is part of the government’s reform drive to open up the economy, includes measures such as enhancing access to credit, revising trade laws and improving power supply.

Ethiopia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-6.1  -11.0  -11.1  -8.4  -     

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Ethiopia Current Account Chart


Ethiopia Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Ethiopia.

Ethiopia Facts

ValueChangeDate
Exchange Rate28.570.01 %Jan 30
Stock Market0.40.0 %Jan 30

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