Ethiopia: Trade (% of GDP)
In , Ethiopia's Trade (% of GDP) was 17.40.
That's down 15.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Ethiopia ranks #159 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #38 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2011–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 48.23
- Trough
- 17.40
- 1-year change
- -15.5%
- 5-year change
- -39.6%
- -9.6% / yr
- 10-year change
- -57.3%
- -8.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 17.4004 | |
| 20.5982 | |
| 26.5955 | |
| 24.3451 | |
| 24.0061 | |
| 28.8153 | |
| 31.1994 | |
| 31.1036 | |
| 34.8990 | |
| 39.6561 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Ethiopia's Trade (% of GDP) in 2024?
- In 2024, Ethiopia's Trade (% of GDP) was 17.40, according to World Bank Open Data.
- Is Ethiopia's Trade (% of GDP) rising or falling?
- Ethiopia's Trade (% of GDP) fell 15.5% from 2023 to 2024.
- How does Ethiopia rank globally on Trade (% of GDP)?
- In 2024, Ethiopia ranked #159 out of 160 countries reporting Trade (% of GDP).
- How does Ethiopia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Ethiopia is below the world average. Within Sub-Saharan Africa, it ranks #38 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.