Ethiopia

Continent

Africa

Capital

Addis Ababa

Population

118,550,298

Sub-Zones

General Information

Basic details about Ethiopia

Population:: 118,550,298
Area:: 1,104,300 sq km
Currency:: birr
Languages:: Oromo, Amharic, Somali, Tigrigna, Sidamo 4, Wolaytta 2.2, Gurage 2, Afar, Hadiyya 1.7, Gamo 1.5

Economic Overview

Key economic indicators for Ethiopia

GDP:: $354.604 billion
GDP per Capita:: $2,800
GDP Growth:: 6.5%
Inflation:: 30.22%
Unemployment:: 3.5%
Public Debt:: 31.45% of GDP
Credit Rating:: B (2014)

Political System

Governance structure of Ethiopia

Government Type:: federal parliamentary republic
Head of State:: President TAYE Atske Selassie (since 7 October 2024)
Head of Government:: Prime Minister ABIY Ahmed Ali (since April 2018)
Judiciary:: Federal Supreme Court (consists of 11 judges); note - the House of Federation has jurisdiction for all constitutional issues
Administrative Divisions:: 12 ethnically based regional states (kililoch, singular - kilil) and 2 chartered cities* (astedader akabibiwach, singular - astedader akabibi); Adis Abeba* (Addis Ababa), Afar, Amara (Amhara), Binshangul Gumuz, Dire Dawa*, Gambela Hizboch (Gambela), Hareri Hizb (Harari), Oromia, Sidama, Sumale, Tigray, YeDebub Biheroch Bihereseboch na Hizboch (Southern Nations, Nationalities and Peoples), YeDebub M'irab Ityop'iya Hizboch (Southwest Ethiopia Peoples), Southern Ethiopia Peoples

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 3506 International Drive NW, Washington, DC 20008

Major Alliances and Organizations

AUBRICS

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

35.8% (2023 est.)

Industry

24.5% (2023 est.)

Services

37% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $10.865 billion
Imports:: $22.951 billion

Major Trading Partners

USA 12

China 10

UAE 8

Saudi Arabia 8

Netherlands 5

Economic Outlook

Ethiopia has a 6.5% GDP growth rate with 30.22% inflation. The economy is characterized by a strong agriculture sector.