Current Account in Ethiopia

Ethiopia Current Account | Economic News & Forecasts

Ethiopia - Current Account

Economic growth cooled in fiscal year 2017, as production in the important agricultural sector increased only modestly and the pace of expansion in the industrial sector softened. The slowdown in the industrial sector was chiefly driven by a moderation in infrastructure spending, as the government reduced capital imports in an attempt to alleviate dollar shortages. That said, the banking sector continued to enjoy good financial health. In early February, the country’s mines and petroleum minister announced the forthcoming adoption of a comprehensive reform of the mining and oil sectors. Reflective of the government’s attempts to open up the economy, the reform will aim to improve the fiscal regime in order to attract more foreign investment and thus also ease dollar shortages.

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 Rate28.600.01 %Feb 21
Stock Market0.40.0 %Feb 21

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