Secondary income balance (credit less debit), Net (credits less) in Ethiopia
Ethiopia: Secondary income balance (credit less debit), Net (credits less) was 8.35 billion in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Ethiopia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Ethiopia stood at 8.35 billion.
Compared with earlier readings it is up 9.5% on the previous year and up 34.2% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Ethiopia peaked at 8.56 billion in 2022 and was at its lowest, 1.27 billion, in 2006.
That places Ethiopia 20th out of 197 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.40 billion | — |
| 2006 | 1.27 billion | -9.2% |
| 2007 | 3.39 billion | +165.9% |
| 2008 | 4.30 billion | +26.8% |
| 2009 | 3.46 billion | -19.5% |
| 2010 | 4.70 billion | +35.8% |
| 2011 | 4.96 billion | +5.6% |
| 2012 | 5.15 billion | +3.9% |
| 2013 | 5.23 billion | +1.5% |
| 2014 | 6.22 billion | +18.9% |
| 2015 | 6.58 billion | +5.7% |
| 2016 | 6.60 billion | +0.3% |
| 2017 | 7.22 billion | +9.3% |
| 2018 | 8.03 billion | +11.3% |
| 2019 | 7.21 billion | -10.1% |
| 2020 | 7.40 billion | +2.5% |
| 2021 | 7.40 billion | +0.0% |
| 2022 | 8.56 billion | +15.7% |
| 2023 | 7.62 billion | -10.9% |
| 2024 | 8.35 billion | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.76 billion | 1.27 billion | 4.30 billion | 5 |
| 2010s | 6.19 billion | 4.70 billion | 8.03 billion | 10 |
| 2020s | 7.87 billion | 7.40 billion | 8.56 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 secondary income balance (credit less debit), net (credits less) in Ethiopia?
- Secondary income balance (credit less debit), net (credits less) in Ethiopia was 8.35 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Ethiopia?
- The highest recorded value was 8.56 billion in 2022.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Ethiopia?
- The lowest recorded value was 1.27 billion in 2006.
- How does Ethiopia rank for secondary income balance (credit less debit), net (credits less)?
- Ethiopia ranks 20th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Ethiopia?
- Over the last ten years it is up 34.2%. The long-run trend across the full record is rising.
- Where does this Ethiopia data come from?
- The figures come from International Monetary Fund, published as part of Secondary income 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.