Current account balance (credit less debit), Net (credits less debits) in Ethiopia
Ethiopia: Current account balance (credit less debit), Net (credits less debits) was -3.79 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Ethiopia, 2005–2024
Source: International Monetary Fund.
Analysis
Ethiopia recorded -3.79 billion for current account balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 20.8% on the previous year and up 34.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Ethiopia peaked at -635.27 million in 2010 and was at its lowest, -7.91 billion, in 2016.
Ethiopia ranks 169th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.57 billion | — |
| 2006 | -1.79 billion | +13.9% |
| 2007 | -828.00 million | -53.6% |
| 2008 | -1.81 billion | +118.1% |
| 2009 | -2.19 billion | +21.3% |
| 2010 | -635.27 million | -71.0% |
| 2011 | -1.06 billion | +66.2% |
| 2012 | -3.08 billion | +191.6% |
| 2013 | -3.03 billion | -1.4% |
| 2014 | -5.77 billion | +90.3% |
| 2015 | -7.57 billion | +31.1% |
| 2016 | -7.91 billion | +4.5% |
| 2017 | -5.93 billion | -25.0% |
| 2018 | -4.61 billion | -22.2% |
| 2019 | -5.03 billion | +9.0% |
| 2020 | -2.72 billion | -45.9% |
| 2021 | -4.51 billion | +65.8% |
| 2022 | -5.16 billion | +14.5% |
| 2023 | -4.79 billion | -7.2% |
| 2024 | -3.79 billion | -20.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.64 billion | -2.19 billion | -828.00 million | 5 |
| 2010s | -4.46 billion | -7.91 billion | -635.27 million | 10 |
| 2020s | -4.19 billion | -5.16 billion | -2.72 billion | 5 |
Countries ranked near Ethiopia
More financial sector data for Ethiopia
- Net domestic credit (current LCU), per capita 1,078 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 3.41 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 27.19 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 2.89 billion SDR (2024)
- Reserves excluding gold 2.90 billion SDR (2024)
- Total reserves (gold at market value) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 21.97 SDR per person (2024)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Ethiopia?
- Current account balance (credit less debit), net (credits less debits) in Ethiopia was -3.79 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The highest recorded value was -635.27 million in 2010.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The lowest recorded value was -7.91 billion in 2016.
- How does Ethiopia rank for current account balance (credit less debit), net (credits less debits)?
- Ethiopia ranks 169th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Ethiopia?
- Over the last ten years it is up 34.3%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.