Services balance (credit less debit), Net (credits less debits) in Ethiopia
Ethiopia: Services balance (credit less debit), Net (credits less debits) was 2.10 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Ethiopia, 2005–2024
Source: International Monetary Fund.
Analysis
Ethiopia recorded 2.10 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
The figure is up 985.5% on the previous year and up 243.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Ethiopia peaked at 2.10 billion in 2024 and was at its lowest, -2.17 billion, in 2016.
Ethiopia ranks 53rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -181.70 million | — |
| 2006 | -27.61 million | -84.8% |
| 2007 | -450.03 million | +1530.1% |
| 2008 | -614.89 million | +36.6% |
| 2009 | -488.55 million | -20.5% |
| 2010 | -385.39 million | -21.1% |
| 2011 | -623.53 million | +61.8% |
| 2012 | -845.69 million | +35.6% |
| 2013 | -358.44 million | -57.6% |
| 2014 | -1.47 billion | +309.6% |
| 2015 | -1.80 billion | +22.4% |
| 2016 | -2.17 billion | +21.0% |
| 2017 | -1.47 billion | -32.5% |
| 2018 | -1.28 billion | -12.5% |
| 2019 | -1.33 billion | +3.5% |
| 2020 | -945.86 million | -28.8% |
| 2021 | -960.19 million | +1.5% |
| 2022 | -451.32 million | -53.0% |
| 2023 | -237.40 million | -47.4% |
| 2024 | 2.10 billion | -985.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -352.56 million | -614.89 million | -27.61 million | 5 |
| 2010s | -1.17 billion | -2.17 billion | -358.44 million | 10 |
| 2020s | -98.50 million | -960.19 million | 2.10 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 services balance (credit less debit), net (credits less debits) in Ethiopia?
- Services balance (credit less debit), net (credits less debits) in Ethiopia was 2.10 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The highest recorded value was 2.10 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Ethiopia?
- The lowest recorded value was -2.17 billion in 2016.
- How does Ethiopia rank for services balance (credit less debit), net (credits less debits)?
- Ethiopia ranks 53rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Ethiopia?
- Over the last ten years it is up 243.2%. 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 Services 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.