Goods balance (credit less debit), Net (credits less debits) (US) in Ethiopia
Ethiopia: Goods balance (credit less debit), Net (credits less debits) (US) was -14.05 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Ethiopia, 2005–2024
Source: International Monetary Fund.
Analysis
Ethiopia recorded -14.05 billion for goods balance (credit less debit), net (credits less debits) in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 18.6% on the previous year and down 35.8% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Ethiopia peaked at -2.78 billion in 2005 and was at its lowest, -14.05 billion, in 2024.
Ethiopia ranks 177th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.78 billion | — |
| 2006 | -3.05 billion | +9.6% |
| 2007 | -3.80 billion | +24.7% |
| 2008 | -5.49 billion | +44.2% |
| 2009 | -5.12 billion | -6.6% |
| 2010 | -4.89 billion | -4.7% |
| 2011 | -5.30 billion | +8.5% |
| 2012 | -7.29 billion | +37.5% |
| 2013 | -7.78 billion | +6.7% |
| 2014 | -10.35 billion | +33.1% |
| 2015 | -12.06 billion | +16.5% |
| 2016 | -11.92 billion | -1.2% |
| 2017 | -11.21 billion | -6.0% |
| 2018 | -11.02 billion | -1.7% |
| 2019 | -10.31 billion | -6.4% |
| 2020 | -8.51 billion | -17.5% |
| 2021 | -10.40 billion | +22.3% |
| 2022 | -12.77 billion | +22.7% |
| 2023 | -11.85 billion | -7.2% |
| 2024 | -14.05 billion | +18.6% |
Ethiopia compared with similar countries
- Ethiopia's -14.05 billion is below the median for low income countries, which is -997.41 million, 14.1× the median. (20 countries reporting)
- Ethiopia's -14.05 billion is below the median for Sub-Saharan Africa, which is -577.00 million, 24.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.05 billion | -5.49 billion | -2.78 billion | 5 |
| 2010s | -9.21 billion | -12.06 billion | -4.89 billion | 10 |
| 2020s | -11.52 billion | -14.05 billion | -8.51 billion | 5 |
Countries ranked near Ethiopia
- 174 Macao -11.75 billion compare
- 175 Lebanon -12.84 billion compare
- 176 Uzbekistan -13.53 billion compare
- 178 Guatemala -15.81 billion compare
- 179 Dominican Republic -15.94 billion compare
- 180 Bangladesh -16.49 billion compare
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 goods balance (credit less debit), net (credits less debits) in Ethiopia?
- Goods balance (credit less debit), net (credits less debits) in Ethiopia was -14.05 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The highest recorded value was -2.78 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The lowest recorded value was -14.05 billion in 2024.
- How does Ethiopia rank for goods balance (credit less debit), net (credits less debits)?
- Ethiopia ranks 177th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Ethiopia?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Ethiopia data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.