Ethiopia: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Ethiopia |
Trade balance as percent of GDP |
|---|---|
| Latest value | -7.40 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2011 - 2023 |
| Average | -14.34 |
| Min - Max | -20.93 - -7.40 |
| Source | The World Bank |
The latest value from 2023 is -7.4 percent, an increase from -10.11 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Ethiopia from 2011 to 2023 is -14.34 percent. The minimum value, -20.93 percent, was reached in 2015 while the maximum of -7.4 percent was recorded in 2023.
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* indicates monthly or quarterly data series
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The trade balance for Ethiopia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 104.64 | 2021 | percent |
| Trade openness | 20.59 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 6.59 | 2023 | percent |
| Exports, billion dollars | 10.79 | 2023 | billion U.S. dollars |
| Growth of exports | -0.75 | 2023 | percent |
| Imports, percent of GDP | 13.99 | 2023 | percent |
| Imports, billion dollars | 22.91 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.99 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 3.67 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2009 | million dollars (current) |
| Current account, percent of GDP | -4.00 | 2022 | percent |
| Current account, in dollars | -4.79 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -7.40 | 2023 | percent |
| Trade balance, in dollars | -12.09 | 2023 | billion U.S. dollars |
| Reserves | 3.05 | 2020 | billion U.S. dollars |
| Remittances, percent of GDP | 0.36 | 2023 | percent |
| Remittances | 591.95 | 2023 | million U.S. dollars |
| Net errors and omissions | -196.29 | 2023 | million USD |
| External debt | 22.67 | 2022 | percent |
| Short-term external debt | 1.18 | 2022 | percent |
| Short-term debt to reserves | 13.40 | 2020 | percent |
| Foreign exchange reserves | 113.50 | Q4/2023 | billion |