What was Ethiopia's GDP (constant 2015 US$) in 2024?

In 2024, Ethiopia's GDP (constant 2015 US$) was $116.67 billion, according to World Bank Open Data.

Is Ethiopia's GDP (constant 2015 US$) rising or falling?

Ethiopia's GDP (constant 2015 US$) rose 7.6% from 2023 to 2024.

How does Ethiopia rank globally on GDP (constant 2015 US$)?

In 2024, Ethiopia ranked #60 out of 192 countries reporting GDP (constant 2015 US$).

How does Ethiopia's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Ethiopia is below the world average. Within Sub-Saharan Africa, it ranks #3 of 46.

Ethiopia: GDP (constant 2015 US$)

Name: Ethiopia: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Ethiopia's GDP (constant 2015 US$) was $116.67 billion.

That's up 7.6% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Ethiopia ranks #60 globally out of 192 reporting countries. Within Sub-Saharan Africa, it ranks #3 of 46.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $116.67B; 2024
Trough: $22.79B; 2005
1-year change: +7.6%
5-year change: +35.4%; +6.2% / yr
10-year change: +107.4%; +7.6% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	116.669B
2023	108.416B
2022	101.709B
2021	96.570B
2020	91.413B
2019	86.190B
2018	79.537B
2017	74.462B
2016	67.962B
2015	62.103B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Ethiopia's GDP (constant 2015 US$) in 2024?: In 2024, Ethiopia's GDP (constant 2015 US$) was $116.67 billion, according to World Bank Open Data.
Is Ethiopia's GDP (constant 2015 US$) rising or falling?: Ethiopia's GDP (constant 2015 US$) rose 7.6% from 2023 to 2024.
How does Ethiopia rank globally on GDP (constant 2015 US$)?: In 2024, Ethiopia ranked #60 out of 192 countries reporting GDP (constant 2015 US$).
How does Ethiopia's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Ethiopia is below the world average. Within Sub-Saharan Africa, it ranks #3 of 46.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.