Current Account in Ethiopia
Ethiopia - Current AccountEconomic 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
|Current Account (% of GDP)||-6.1||-11.0||-11.1||-8.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Current Account Chart
Source: National Bank of Ethiopia.
|Exchange Rate||28.60||0.01 %||Feb 21|
|Stock Market||0.4||0.0 %||Feb 21|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.