Ethiopia: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 85.62 billion Ethiopian Birr as of Q1 2024, a decline compared to the previous value of 113.5 billion Ethiopian Birr. Historically, the average for Ethiopia from Q1 2007 to Q1 2024 is 56.78 billion Ethiopian Birr. The minimum of 7.21 billion Ethiopian Birr was recorded in Q2 2007, while the maximum of 125.86 billion Ethiopian Birr was reached in Q2 2021.
Click on the following link to see the values of: Foreign exchange reserves around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: billion Ethiopian Birr
- Source: National Bank of Ethiopia
| Recent values | Ethiopia: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Q1 | 85.62 |
| 2023 Q4 | 113.5 |
| 2023 Q3 | 27.1 |
| 2023 Q2 | 56.15 |
| 2023 Q1 | 48.98 |
| 2022 Q4 | 62.95 |
| 2022 Q3 | 64.41 |
| 2022 Q2 | 79.82 |
Download data from our database
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| 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 | 3.26 | 2023 | 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 | 0.65 | 2023 | percent |
| Short-term debt to reserves | 13.40 | 2020 | percent |
| Foreign exchange reserves | 85.62 | Q1/2024 | billion |