Ethiopia: GDP, constant dollars

(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series

Ethiopia: Gross Domestic Product, billions of 2010 U.S. dollars, 1981 - 2020:

For that indicator, we provide data for Ethiopia from 1981 to 2020. The average value for Ethiopia during that period was 22.8 billion U.S. dollars with a minimum of 7.8 billion U.S. dollars in 1985 and a maximum of 71.6 billion U.S. dollars in 2020. The latest value from 2020 is 71.6 billion U.S. dollars. For comparison, the world average in 2020 based on 174 countries is 501.0 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The GDP of Ethiopia and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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