Country intelligence

Ethiopia

Last updated 15 Nov 2026, 05:19 UTC (sources checked) · figures last changed 15 Nov 2026

Partner risk indices

Country Risk Index
58.7
Political Risk Index
58.9
Short-Term Economic Risk Index
52.1
Long-Term Economic Risk Index
48.3
Operational Risk Index
67

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

IndicatorValuePeriodSource
Real GDP growth9.2%2025 (estimate)IMF WEO
Inflation, average consumer prices16%2025 (estimate)IMF WEO
GDP, current pricesUS$126.4bn2025 (estimate)IMF WEO
GDP per capita, current pricesUS$1,1422025 (estimate)IMF WEO
General government gross debt43.3%2025 (estimate)IMF WEO
Government net lending (+) / borrowing (-)-1.2%2025 (estimate)IMF WEO
Current account balance-0.8%2025 (estimate)IMF WEO
Population135.5 million2025World Bank WDI
Population growth2.55%2025World Bank WDI
Urban population24.1%2025World Bank WDI
Unemployment (modelled ILO estimate)3.3%2025World Bank WDI
Foreign direct investment, net inflows3%2025World Bank WDI
External debt stocks31.7%2025World Bank WDI
Official exchange rate (period average)82.6 LCU per USD2024World Bank WDI
Trade (exports plus imports)33.5%2025World Bank WDI
Bank lending interest rate8%2008World Bank WDI
Domestic credit to the private sector17.7%2008World Bank WDI
Internet users21.9%2024World Bank WDI
Mobile subscriptions65.08 per 100 people2024World Bank WDI
Fixed broadband subscriptions0.59 per 100 people2024World Bank WDI
Access to electricity56.6%2024World Bank WDI
Renewable share of final energy consumption90.6%2021World Bank WDI
Oil rents0%2021World Bank WDI
Fuel exports0%2023World Bank WDI
Mineral rents0.3%2021World Bank WDI
Ores and metals exports0.7%2023World Bank WDI
Agriculture, forestry and fishing, value added32.8%2025World Bank WDI
Employment in agriculture60.1%2025World Bank WDI
Manufacturing, value added4.2%2025World Bank WDI
Industry (including construction), value added27.8%2025World Bank WDI
Services, value added36.6%2025World Bank WDI
Political stability and absence of violence33.122025World Bank WGI
Regulatory quality42.932025World Bank WGI
Rule of law43.182025World Bank WGI
Control of corruption40.492025World Bank WGI
Government effectiveness39.742025World Bank WGI

Market overview

  • Ethiopia is in East Africa and is classified by the World Bank as Low income. (World Bank)
  • Population: 135.5 million (2025). (World Bank WDI)
  • GDP: US$126.4bn in 2025 (estimate). (IMF WEO)

Economic conditions

  • Real GDP growth: 9.2% in 2025 (estimate); the IMF projects 9.2% for 2026. (IMF WEO)
  • Average consumer price inflation: 16% in 2025 (estimate); projected 11.7% for 2026. (IMF WEO)
  • General government gross debt: 43.3% of GDP in 2025 (estimate). (IMF WEO)
  • Current account balance: -0.8% of GDP in 2025 (estimate). (IMF WEO)
  • Government net lending/borrowing: -1.2% of GDP in 2025 (estimate). (IMF WEO)
  • Official exchange rate averaged 82.6 local currency units per US dollar in 2024, against 51.76 in 2022: 59.6% more units per dollar (the currency weakened against the dollar). (World Bank WDI)

Key risks

  • Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 58.7 (rank 31 of 53 in Africa, 1 = lowest risk); Political Risk Index 58.9 (rank 45 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 52.1 (rank 19 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 48.3 (rank 8 of 53 in Africa, 1 = lowest risk); Operational Risk Index 67 (rank 32 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
  • Highest-scoring Partner risk component: crime and security risk (75.8, operational). (Partner Research Partner)
  • World Bank governance scores (2025, 0-100, higher is better): control of corruption 4; government effectiveness 4; political stability and absence of violence 33; rule of law 43; regulatory quality 43. (World Bank WGI)
  • External debt stocks: 31.7% of GNI (2025). (World Bank WDI)
  • Unemployment (modelled ILO estimate): 3.3% of labour force (2025). (World Bank WDI)

Investment considerations

  • Foreign direct investment, net inflows: 3% of GDP (2025). (World Bank WDI)
  • Domestic credit to the private sector: 17.7% of GDP (2008). (World Bank WDI)
  • Bank lending interest rate: 8% (2008). (World Bank WDI)
  • Trade (exports plus imports): 33.5% of GDP (2025). (World Bank WDI)
  • The Meridian holds 313 published records tagged to Ethiopia. (The Meridian)

Sector snapshot

  • Energy and power: access to electricity 56.6% of population (2024); renewable share of final energy consumption 90.6% (2021). (World Bank WDI)
  • Mining and minerals: mineral rents 0.3% of GDP (2021); ores and metals exports 0.7% of merchandise exports (2023). (World Bank WDI)
  • Financial services: foreign direct investment, net inflows 3% of GDP (2025); bank lending interest rate 8% (2008). (World Bank WDI)
  • Technology, media and telecoms: internet users 21.9% of population (2024); mobile subscriptions 65.1 per 100 people (2024). (World Bank WDI)
  • Agriculture: agriculture, forestry and fishing, value added 32.8% of GDP (2025); employment in agriculture 60.1% of employment (2025). (World Bank WDI)
  • Manufacturing and industry: manufacturing, value added 4.2% of GDP (2025); industry (including construction), value added 27.8% of GDP (2025). (World Bank WDI)
  • Infrastructure and real estate: urban population 24.1% of population (2025); access to electricity 56.6% of population (2024). (World Bank WDI)

Data limitations and sources

  • Older data, shown with its period and not described as current: Bank lending interest rate (Latest published value is for 2008); Domestic credit to the private sector (Latest published value is for 2008); Renewable share of final energy consumption (Latest published value is for 2021); Oil rents (Latest published value is for 2021); Fuel exports (Latest published value is for 2023); Mineral rents (Latest published value is for 2021); Ores and metals exports (Latest published value is for 2023).
  • IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
  • Sources last checked 15 Nov 2026.

Meridian transactions

Economic baseline (World Bank / IMF)

GDP
$126.4bn2025
Real GDP growth
9.2%2025
GDP per capita
$1,1422025
Consumer price inflation
16.0%2025
Population
110.6m2025
Current account balance (% of GDP)
-0.8%2025
General government gross debt (% of GDP)
43.3%2025

Sources: IMF World Economic Outlook via the IMF DataMapper (latest year shown is no later than 2025; recent years may be IMF estimates). Latest available year shown; refreshed weekly. Compare all 54 markets.

Investors active in Ethiopia

All investors and indicators for Ethiopia