Current account balance (credit less debit), Net (credits less) in Ethiopia
Ethiopia: Current account balance (credit less debit), Net (credits less) 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) 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% |
Ethiopia compared with similar countries
- Ethiopia's -3.79 billion is below the median for low income countries, which is -1.71 billion, 2.2× the median. (20 countries reporting)
- Ethiopia's -3.79 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 6.3× the median. (43 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0759 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0554 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0759 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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.
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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.