Ethiopia

Description of Ethiopia

Ethiopia, a land of rich cultural heritage and stunning landscapes, stands at a crossroads of development and transformation in the Horn of Africa. With a population surpassing 110 million people, Ethiopia is one of the fastest-growing economies on the continent. As the political landscape evolves and infrastructure projects advance, the country's macroeconomic indicators play a crucial role in shaping its future trajectory. Understanding key statistics such as GDP growth, inflation rates, and foreign direct investment is essential for grasping Ethiopia's position in the global economic landscape and its potential for sustained growth and prosperity.

Population And Age Structure

Population, total: Ethiopia's total population is 117,190,911, significantly higher than the average population of 40,097,746. Ethiopia ranks 12th out of 194 countries in terms of total population.

Population ages 0-14 (% of total population): Ethiopia's population ages 0-14 make up 40.31% of the total population, higher than the average of 27.34%. Ethiopia ranks 32nd out of 194 countries for this metric.

Population ages 0-14, total: With a total of 47,243,396 children aged 0-14, Ethiopia exceeds the average of 10,327,380. Ethiopia ranks 7th out of 194 countries in this category.

Population ages 15-64 (% of total population): The working-age population in Ethiopia represents 56.56% of the total population, which is lower than the average of 63.44%. Ethiopia ranks 161st out of 194 countries in this demographic.

Population ages 15-64, total: Ethiopia's total working-age population stands at 66,279,326, well above the average of 26,003,407. Ethiopia ranks 15th out of 194 countries for this age group.

Population ages 65 and above (% of total population): The elderly population in Ethiopia accounts for 3.13% of the total population, lower than the average of 9.22%. Ethiopia ranks 161st out of 194 countries in this age category.

Population ages 65 and above, total: With 3,668,189 elderly individuals, Ethiopia falls slightly below the average of 3,766,959. Ethiopia ranks 30th out of 194 countries in terms of the elderly population.

Summary

Ethiopia has a significantly high total population, ranking 12th globally. The country also has a higher percentage and total number of children aged 0-14 compared to the global average, ranking 7th and 32nd respectively. However, Ethiopia has a lower percentage of working-age population and elderly population compared to the global averages, ranking 161st in both categories. These demographic indicators are crucial for policymakers as they highlight the dependency ratio, workforce potential, and potential healthcare challenges in Ethiopia.

Population Miscellaneous

Analysis of key statistics for Ethiopia:

Summary

On analyzing key statistics for Ethiopia, it is evident that the country has a significantly high rural population and a lower urban population compared to global averages. Ethiopia also has a higher age dependency ratio and fertility rate but a lower crude death rate compared to the global average. These statistics are important as they highlight the demographic composition of the country, with implications for resource allocation, economic development, and long-term planning.

Military

Analysis of Military Expenditure (current USD): Ethiopia's military expenditure is $504,066,088.25, significantly below the average of $12,904,993,617.17. Ethiopia ranks 86 out of 149 countries in this data set.

Analysis of Military Expenditure (% of GDP): Ethiopia's military expenditure as a percentage of GDP is 0.52%, well below the average of 1.90%. Ethiopia ranks 139 out of 148 countries in this regard.

Analysis of Arms Imports (SIPRI trend indicator values): Ethiopia's arms imports amount to $24,000,000, much lower than the average of $205,522,123.89. Ethiopia holds the 71st position out of 113 countries included in the data.

Analysis of Armed Forces Personnel, total: Ethiopia has 138,000 armed forces personnel, lower than the average of 165,908.54. Ethiopia ranks 44th out of 164 countries in terms of total armed forces personnel.

Analysis of Armed Forces Personnel (% of total labor force): Ethiopia's armed forces personnel as a percentage of the total labor force is 0.25%, well below the average of 1.28%. Ethiopia ranks 150th out of 164 countries in this metric.

Summary

Ethiopia maintains a relatively low level of military expenditure compared to the global average as seen in its total military expenditure, arms imports, armed forces personnel, and their proportion to GDP and total labor force. These figures position Ethiopia lower in global rankings across these key indicators, indicating a more restrained approach to military spending and personnel allocation. This could signify Ethiopia's focus on other areas of development, potentially diverting resources away from defense towards socio-economic priorities such as infrastructure, healthcare, or education.

Natural Resources

Ethiopia's forest area covers 170,685 sq. km, ranking 39th out of 191 countries. Although below the attribute average of 211,606.11 sq. km, the country still maintains a significant portion of forested land.

With a land area of 1,128,571.265 sq. km, Ethiopia ranks 25th out of 194 countries, surpassing the attribute average of 665,166.51 sq. km by a considerable margin.

For surface area, Ethiopia's 1,136,239.544 sq. km places it 26th out of 194 countries. This exceeds the attribute average of 689,779.56 sq. km, showcasing the country's expansive geographical coverage.

Ethiopia's arable land spans 16,195,100 hectares, positioning the country 20th out of 190 countries. The arable land in Ethiopia is notably higher than the attribute average of 7,329,543.16 hectares, indicating a strong agricultural base.

The land under cereal production in Ethiopia is 10,571,532 hectares, ranking 17th out of 174 countries. This is substantially greater than the attribute average of 4,206,011.63 hectares, highlighting Ethiopia's emphasis on cereal cultivation.

With an average precipitation depth of 848 mm per year, Ethiopia ranks 99th out of 178 countries. This value falls below the attribute average of 1,157.83 mm per year, suggesting potential challenges in water availability and agricultural productivity.

Ethiopia's renewable internal freshwater resources total 122 billion cubic meters, placing the country 49th out of 178 countries. This figure is lower than the attribute average of 240.41 billion cubic meters, indicating a potential vulnerability in terms of freshwater availability.

Summary

Ethiopia's land area, forest coverage, arable land, and cereal production all rank above global averages, indicating a strong agricultural foundation. However, the country's below-average precipitation depth and freshwater resources may pose challenges for sustaining agricultural productivity and water availability, highlighting the importance of water management and sustainable agricultural practices in Ethiopia's development.

Resource Rents

1. Total natural resources rents (% of GDP): Ethiopia's value for this attribute is 5.50%, which is higher than the average of 4.63%. This places Ethiopia at rank 47 out of 175 countries in the dataset.

2. Coal rents (% of GDP): Ethiopia's value for coal rents is very low at 0.000083%, significantly below the average of 0.40%. This places Ethiopia at rank 64 out of 65 countries with available data for this attribute.

3. Forest rents (% of GDP): Ethiopia's value for forest rents is 5.41%, much higher than the average of 1.53%. This places Ethiopia at an impressive rank of 13 out of 174 countries.

4. Mineral rents (% of GDP): Ethiopia's value for mineral rents is 0.08%, below the average of 1.23%. This places Ethiopia at rank 55 out of 86 countries with available data for this attribute.

Summary

Ethiopia has higher than average total natural resources rents and forest rents as a percentage of its GDP, positioning it favorably compared to other countries in the dataset. However, its coal rents and mineral rents are significantly below the average, indicating potential untapped resources in these sectors. These statistics are crucial as they highlight Ethiopia's strengths in certain natural resource sectors but also point to areas where the country may need to focus on further development to fully leverage its resource potential for economic growth.

Commodities

Analysis of key statistics for Ethiopia:

1. Cereal production (metric tons): Ethiopia's cereal production is 30,248,749.18 metric tons, which is significantly above the average of 17,249,945.93 metric tons. Ethiopia ranks 19 out of 174 countries in this attribute.

2. Aquaculture production (metric tons): Ethiopia's aquaculture production is 534 metric tons, well below the average of 679,642.92 metric tons. Ethiopia ranks 136 out of 180 countries in this attribute.

3. Capture fisheries production (metric tons): Ethiopia's capture fisheries production is 60,002 metric tons, below the average of 467,453.06 metric tons. Ethiopia ranks 93 out of 190 countries in this attribute.

4. Total fisheries production (metric tons): Ethiopia's total fisheries production is 60,536 metric tons, below the average of 1,153,914.85 metric tons. Ethiopia ranks 97 out of 182 countries in this attribute.

5. Fertilizer consumption (kilograms per hectare of arable land): Ethiopia's fertilizer consumption is 39.89 kilograms per hectare, below the average of 159.04 kilograms per hectare. Ethiopia ranks 127 out of 187 countries in this attribute.

Summary

Key statistics for Ethiopia highlight a mixed performance in agricultural production metrics. While the country excels in cereal production, ranking 19th globally, it lags behind in aquaculture, capture fisheries, and total fisheries production. Particularly concerning is Ethiopia's low fertilizer consumption per hectare of arable land, ranking 127th globally, which could hinder the country's agricultural productivity and food security in the long run.

Intellectual Property

Analysis for Ethiopia:

Summary

In analyzing key macroeconomic indicators for Ethiopia, it is evident that the country lags behind global averages in various intellectual property-related metrics such as patent and trademark applications, scientific and technical journal articles, as well as charges for the use of intellectual property. These indicators highlight a potential lack of innovation and investment in research and development within Ethiopia's economy, which could hinder its long-term competitiveness and ability to drive economic growth through knowledge-based industries.

Broad Economy Attributes

Analysis of Key Economic Attributes for Ethiopia:

1. GDP (current US$): Ethiopia's GDP is $107.66 billion, which is below the average GDP of $442.87 billion. Ethiopia ranks 58th out of 189 countries in terms of GDP.

2. GDP, PPP (current international $): Ethiopia's GDP with purchasing power parity is $278.85 billion, below the average of $734.14 billion. Ethiopia ranks 57th out of 181 countries in this aspect.

3. GDP per capita (current US$): Ethiopia's GDP per capita is $918.65, well below the average of $15462.11. This places Ethiopia at 166th out of 190 countries for GDP per capita.

4. GDP per capita, PPP (current international $): Ethiopia's GDP per capita with purchasing power parity is $2379.45, below the average of $21251.89. Ethiopia ranks 159th out of 181 countries for GDP per capita with PPP.

5. GNI (current US$): Ethiopia's GNI is $107.05 billion, below the average GNI of $452.04 billion. Ethiopia ranks 59th out of 185 countries for GNI.

6. GNI, PPP (current international $): Ethiopia's GNI with PPP is $277.26 billion, below the average of $730.70 billion. Ethiopia ranks 57th out of 181 countries for GNI with PPP.

7. GNI per capita, PPP (current international $): Ethiopia's GNI per capita with PPP is $2370, below the average of $20615.75. Ethiopia ranks 161st out of 181 countries regarding GNI per capita with PPP.

Summary

Ethiopia's key economic indicators, such as GDP, GDP per capita, GNI, and GNI per capita, consistently fall below global averages. This places Ethiopia at rankings that indicate lower economic development compared to many other countries worldwide.

These findings are important as they highlight the challenges Ethiopia faces in achieving higher levels of economic prosperity, attracting foreign investments, and improving the standard of living for its citizens.

Broad Value Added

The Gross value added at basic prices (GVA) in current US dollars for Ethiopia is 101,553,443,710.72, which is below the average of 360,070,943,595.12. Ethiopia ranks 56 out of 176 countries in this attribute.

Agriculture, forestry, and fishing value added as a percentage of GDP for Ethiopia is 35.56%, significantly higher than the average of 10.86%. Ethiopia ranks 7 out of 182 countries in this category.

The value added in Agriculture, forestry, and fishing in current US dollars is 38,281,227,166.87 for Ethiopia, above the average of 19,924,732,828.07. Ethiopia ranks 17 out of 182 countries in this aspect.

Services value added as a percentage of GDP for Ethiopia is 36.83%, which is below the average of 56.72%. Ethiopia ranks 172 out of 183 countries in this attribute.

The value added in Services in current US dollars for Ethiopia is 39,648,267,936.33, much lower than the average of 295,837,711,130.69. Ethiopia ranks 72 out of 183 countries in this area.

Industry (including construction) value added in current US dollars is 24,871,407,184.10 for Ethiopia, below the average of 118,421,095,413.50. Ethiopia ranks 63 out of 183 countries in this category.

Summary

Ethiopia shows a strong emphasis on Agriculture, forestry, and fishing, with a significantly higher value added in this sector compared to the global average. However, the country lags behind in Services, with a lower value added in this category. This indicates a potential imbalance in the economy, with a heavy reliance on agriculture. Diversifying into other sectors such as services and industry could help Ethiopia reduce its vulnerability to fluctuations in the agricultural sector and promote overall economic growth and stability.

Manufacturing Value Added

For Manufacturing, value added (current US$), Ethiopia's value is $5,709,392,031.14, significantly lower than the average of $76,207,179,589.66. Ethiopia is ranked 82 out of 173 countries in this attribute.

Regarding Manufacturing, value added (% of GDP), Ethiopia's value of 5.30% is below the average of 11.90%. The country is ranked 144 out of 173 countries in this category.

In terms of Medium and high-tech manufacturing value added (% manufacturing value added), Ethiopia's value of 16.07% falls below the average of 24.49%. The country holds the 94th rank out of 149 countries.

Summary

Ethiopia's manufacturing sector, as indicated by its Manufacturing value added and its contribution to GDP, lags significantly behind the global average, ranking low in comparison to other countries. The country also shows a lower emphasis on medium and high-tech manufacturing in its overall manufacturing value added. These indicators suggest a need for Ethiopia to focus on industrial growth and technological advancement to enhance its economic competitiveness and productivity in the global market.

Money

Regarding Inflation, consumer prices (annual %), Ethiopia's rate is 20.36%, significantly higher than the average of 8.26%. This places Ethiopia at rank 9 out of 165 countries in the dataset.

As for Inflation, GDP deflator (annual %), Ethiopia's rate stands at 18.25%, well above the average of 6.90%. This places Ethiopia at rank 9 out of 188 countries in the dataset.

Summary

Ethiopia exhibits high rates of inflation in both consumer prices and GDP deflator compared to the global averages, ranking 9th out of 165 countries and 188 countries respectively. These elevated inflation rates could indicate underlying economic imbalances, potentially leading to reduced purchasing power for consumers, increased production costs for businesses, and challenges for the government in maintaining price stability and promoting sustainable economic growth.

Consumption Expenditure

Analysis of key economic indicators for Ethiopia:

1. Final consumption expenditure (current US$): Ethiopia's expenditure is $85.24 billion, significantly below the average of $381.63 billion, ranking 58th out of 159 countries.

2. Final consumption expenditure (% of GDP): Ethiopia's expenditure is 79.17% of its GDP, slightly below the average of 82.37%, ranking 87th out of 159 countries.

3. General government final consumption expenditure (current US$): Ethiopia's expenditure is $9.83 billion, well below the average of $93.68 billion, ranking 71st out of 158 countries.

4. General government final consumption expenditure (% of GDP): Ethiopia's expenditure is 9.13% of its GDP, significantly below the average of 18.71%, ranking 144th out of 158 countries.

5. Household and NPISHs Final consumption expenditure (current US$): Ethiopia's expenditure is $75.41 billion, below the average of $290.13 billion, ranking 55th out of 158 countries.

6. Households and NPISHs final consumption expenditure (% of GDP): Ethiopia's expenditure is 70.04% of its GDP, above the average of 63.68%, ranking 56th out of 158 countries.

Summary

In summary, Ethiopia's key economic indicators reflect relatively lower final consumption expenditure compared to the global average across various categories. The country ranks lower in terms of both total final consumption expenditure and general government final consumption expenditure, indicating potential limitations in government spending and overall economic activity. The higher percentage of household and NPISHs final consumption expenditure vis-a-vis GDP can suggest relatively higher private sector activity, potentially driving domestic demand and economic growth in Ethiopia.

These findings are important as they provide insights into Ethiopia's economic structure, highlighting areas where the country may need to focus on increasing expenditure to stimulate economic growth and development. Additionally, the breakdown of expenditure between the government and private households sheds light on the distribution of economic activity, which can influence policy decisions and development strategies.

Investment

Ethiopia's net foreign direct investment amounted to approximately -$2.4 billion (ranked 130th out of 169 countries), significantly below the attribute average of -$1.6 billion.

In terms of net inflows of foreign direct investment, Ethiopia received $2.4 billion (ranked 47th out of 182 countries), which is below the attribute average of $5.7 billion.

Foreign direct investment as a percentage of GDP in Ethiopia stands at 2.23%, placing it 79th out of 178 countries included in the data, below the attribute average of 2.61%.

Summary

Ethiopia's net foreign direct investment is notably negative, indicating more funds are flowing out of the country than coming in, placing it below the global average. Despite ranking relatively high in terms of net inflows of foreign direct investment, the amount received is still below the global average. Additionally, Ethiopia's foreign direct investment as a percentage of GDP falls short of the attribute average, suggesting that the country may need to attract more investment to spur economic growth and development.

Debt

For Total debt service (% of GNI), Ethiopia's value is 1.87% which is below the average of 5.98%. Ethiopia ranks 93 out of 120 countries for this attribute.

Public and publicly guaranteed debt service (% of GNI) in Ethiopia is 1.84%, lower than the average of 2.84%. The country ranks 65 out of 120 nations.

External debt stocks (% of GNI) for Ethiopia stand at 28.37%, significantly below the average of 65.42%. Ethiopia ranks 98 out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$) for Ethiopia is $1,997,366,859.3, much lower than the average of $9,811,195,839.23. The country ranks 48 out of 123 nations.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) is $1,970,070,782.6 in Ethiopia, below the average of $3,310,612,057.60. Ethiopia ranks 34 out of 123 countries for this attribute.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Ethiopia amount to $29,016,047,752.20, slightly above the average of $28,695,879,144.98. The country ranks 29 out of 123 nations for this measure.

External debt stocks, total (DOD, current US$) for Ethiopia reach $30,363,947,104.10, significantly below the average of $73,845,530,111.82. Ethiopia ranks 41 out of 123 countries in this regard.

Summary

Overall, Ethiopia performs relatively well in terms of debt indicators compared to the global average. The country has lower values in total debt service, public and publicly guaranteed debt service, external debt stocks, debt service on external debt, and external debt stocks compared to the average values across all countries. This indicates that Ethiopia has a lower debt burden and more favorable debt sustainability metrics, which can positively impact the country's macroeconomic stability and fiscal health in the long run.

Broad Trade Attributes

Trade (% of GDP): Ethiopia's trade as a percentage of GDP is significantly lower than the average among 163 countries, ranking at 160. This indicates a relatively lower level of international trade compared to other nations.

Merchandise trade (% of GDP): Ethiopia's merchandise trade as a percentage of GDP is notably below the average among 186 countries, ranking at 185. This suggests a lower volume of merchandise trade in relation to the size of the economy compared to most other nations.

Trade in services (% of GDP): Ethiopia's trade in services as a percentage of GDP is below the average among 171 countries, ranking at 127. This implies that the service sector plays a comparatively smaller role in Ethiopia's economy compared to many other countries.

External balance on goods and services (current US$): Ethiopia has a negative external balance on goods and services, indicating that it imports more than it exports in monetary terms. This deficit is substantial, ranking Ethiopia at 148 out of 163 countries, reflecting a challenge in balancing trade.

External balance on goods and services (% of GDP): Ethiopia's external balance as a percentage of GDP is below the average, highlighting a trade deficit relative to the size of the economy. With a rank of 115 out of 163 countries, Ethiopia faces a relatively higher imbalance in trade compared to many other nations.

Summary

Overall, Ethiopia exhibits a significant imbalance in its trade relations, with low levels of trade, merchandise trade, and trade in services compared to other countries. The country also faces a substantial deficit in its external balance on goods and services, both in monetary terms and relative to the size of its economy. These indicators are crucial as they highlight Ethiopia's trade challenges and underscore the need for strategic initiatives to boost international trade, improve export competitiveness, and enhance the role of the service sector in driving economic growth.

Net Trade

1. Current account balance (BoP, current US$): Ethiopia's current account balance is -2718803790.04773, which is below the average of 1443864831.4940138. Ethiopia ranks 141 out of 170 countries in this attribute.

2. Current account balance (% of GDP): Ethiopia's current account balance as a percentage of GDP is -2.52%, slightly below the average of -2.36%. Ethiopia ranks 99 out of 170 countries in this attribute.

3. Net trade in goods and services (BoP, current US$): Ethiopia's net trade in goods and services is -9455071323.93282, significantly lower than the average of 2604730003.5650773. Ethiopia ranks 158 out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Ethiopia's net primary income is -660756977.415127, higher than the average of -903807529.7376518. Ethiopia ranks 93 out of 170 countries in this attribute.

5. Net secondary income (BoP, current US$): Ethiopia's net secondary income is 7397024511.30022, a substantial increase from the average of -269227340.40242267. Ethiopia ranks 15 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Ethiopia's net trade in goods is -8509208859.23342, significantly below the average of 1302831005.6800897. Ethiopia ranks 150 out of 171 countries in this attribute.

7. Net financial account (BoP, current US$): Ethiopia's net financial account is -5677304613.09664, much lower than the average of -469840994.6309935. Ethiopia ranks 151 out of 170 countries in this attribute.

Summary

Ethiopia faces challenges in its current account balances, with deficits in both goods trade and financial accounts. However, the country performs relatively better in net secondary income. These indicators are crucial as they reflect Ethiopia's economic health, international trade relationships, and financial stability. Addressing the deficits in trade and financial accounts will be critical for Ethiopia's overall macroeconomic stability and growth.

Broad Export Attributes

Analysis of key statistics for Ethiopia:

1. Exports of goods, services and primary income (BoP, current US$): Ethiopia's value is $7.73 billion, which is significantly below the average of $146.24 billion, ranking 99th out of 170 countries.

2. Exports of goods and services (BoP, current US$): Ethiopia's value is $7.71 billion, also notably lower than the average of $122.94 billion, ranking 95th out of 170 countries.

3. Exports of goods and services (current US$): Ethiopia's value is $7.67 billion, falling short of the average of $129.60 billion, ranking 93rd out of 163 countries.

4. Exports of goods and services (% of GDP): Ethiopia's value is 7.13%, well below the average of 38.19%, ranking 158th out of 163 countries.

5. Goods exports (BoP, current US$): Ethiopia's value is $3.25 billion, significantly lower than the average of $93.31 billion, ranking 117th out of 171 countries.

6. International tourism, receipts (% of total exports): Ethiopia's value is 29.58%, which is notably above the average of 9.74%, ranking 11th out of 120 countries.

7. ICT goods exports (% of total goods exports): Ethiopia's value is 1.26%, below the average of 3.81%, ranking 55th out of 142 countries.

Summary

Overall, Ethiopia's export performance demonstrates a significant gap compared to global averages, with lower values in various export categories such as goods, services, and primary income. Particularly striking is the low percentage of exports to GDP, indicating a potential imbalance in the economy. However, the country excels in international tourism receipts, showcasing a sector with strong potential for growth and economic development. These findings are important as they highlight areas where Ethiopia can focus on improving its export competitiveness and diversification, while also leveraging its strength in tourism to drive economic expansion.

Merchandise Exports

- Merchandise exports (current US$): Ethiopia's merchandise exports amount to $3.25 billion, significantly below the average of $89.54 billion. Ethiopia ranks 121st out of 187 countries in this category.
- Agricultural raw materials exports (% of merchandise exports): Ethiopia's agricultural raw materials exports constitute 9.08% of its merchandise exports, far above the average of 2.97%. Ethiopia ranks 11th out of 151 countries in this metric.
- Food exports (% of merchandise exports): Ethiopia's food exports make up 77.58% of its merchandise exports, significantly exceeding the average of 24.06%. The country holds the 9th rank out of 152 nations in this aspect.
- Fuel exports (% of merchandise exports): Ethiopia's fuel exports stand at 0.005% of its merchandise exports, much lower than the average of 13.70%. Ethiopia's rank is 141st out of 147 countries considered.
- Ores and metals exports (% of merchandise exports): Ethiopia's ores and metals exports account for 0.32% of its merchandise exports, substantially below the average of 9.10%. The country is placed 140th out of 152 countries in this measure.
- Merchandise exports by the reporting economy, residual (% of total merchandise exports): Ethiopia's residual merchandise exports represent 0.64% of its total merchandise exports, below the average of 3.20%. The country holds the 66th rank out of 166 nations in this category.

Summary

Ethiopia has a diverse export profile, with a heavy reliance on food exports which account for a significant portion of its merchandise exports. The country also has a high proportion of agricultural raw materials exports. However, Ethiopia lags behind in fuel and ores/metal exports compared to global averages. These indicators are crucial as they highlight Ethiopia's strengths and weaknesses in key export sectors, providing insights for policymakers and investors on areas that may require development and investment.

Technology Exports

1. Manufactures exports (% of merchandise exports): Ethiopia's value of 13.02% is significantly below the average of 42.62%. The country is ranked 114 out of 152 countries included in the data for this attribute.

2. High-technology exports (current US$): Ethiopia's export value of $43,185,591 is well below the average of $16,655,934,078.80. The country is ranked 92 out of 151 countries.

3. High-technology exports (% of manufactured exports): Ethiopia's value of 13.10% is above the average of 10.15%. The country is ranked 38 out of 150 countries.

4. Medium and high-tech exports (% manufactured exports): Ethiopia's value of 28.99% is below the average of 34.29%. The country is ranked 80 out of 149 countries.

Summary

Ethiopia's performance in key macroeconomic indicators related to exports shows a consistent trend of being below average compared to other countries. This signifies a potential lack of competitiveness in high-technology and manufactured exports, which are crucial for economic diversification, growth, and global trade relevance. Improving these indicators is essential for Ethiopia to enhance its economic standing, attract investments, and drive sustainable development.

Service Exports

Service exports (BoP, current US$): Ethiopia's value of $4,461,774,238.17 for service exports is significantly below the average of $28,917,292,503.82. This places Ethiopia at rank 72 out of 171 countries.

ICT service exports (BoP, current US$): Ethiopia's value of $130,485,959.47 for ICT service exports is notably below the average of $4,578,501,153.77. Ethiopia is ranked 88 out of 166 countries in this aspect.

ICT service exports (% of service exports, BoP): Ethiopia's rate of 2.92% for ICT service exports as a percentage of total service exports is substantially lower than the average of 11.75%. This places Ethiopia at rank 134 out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): Ethiopia's percentage of 9.53% for communications, computer, etc., within service exports is significantly below the average of 45.85%. Ethiopia ranks 160 out of 169 countries for this metric.

Transport services (% of service exports, BoP): Ethiopia's proportion of 67.17% for transport services in service exports is notably higher than the average of 21.80%, positioning Ethiopia at an impressive rank of 3 out of 169 countries.

Travel services (% of service exports, BoP): Ethiopia's percentage of 23.15 for travel services in service exports is slightly below the average of 26.40%. The country ranks 72 out of 167 nations in this category.

Insurance and financial services (% of service exports, BoP): Ethiopia's proportion of 0.15% for insurance and financial services within service exports is significantly lower than the average of 6.46%. Ethiopia is placed at rank 157 out of 161 countries for this attribute.

Summary

Ethiopia exhibits a mixed performance in key macroeconomic indicators related to service exports, with strengths in transport services but weaknesses in ICT and financial services. The country's high proportion of transport services in service exports indicates a strong transportation sector, which could be a key driver of economic growth. However, the low percentages in ICT and financial services highlight areas that may require further development to enhance the country's competitiveness and diversification in the global market.

Commercial Service Exports

Commercial service exports (current US$): Ethiopia's value of $4.3 billion is significantly below the average of approximately $28.5 billion, ranking 70th out of 171 countries.
Travel services (% of commercial service exports): Ethiopia's value of 23.92% is slightly below the average of 27.89%, ranking 74th out of 167 countries.
Computer, communications and other services (% of commercial service exports): Ethiopia's value of 6.52% is well below the average of 42.44%, ranking 161st out of 169 countries.
Insurance and financial services (% of commercial service exports): Ethiopia's value of 0.15% is significantly lower than the average of 6.97%, ranking 157th out of 161 countries.
Transport services (% of commercial service exports): Ethiopia's value of 69.41% is significantly above the average of 23.37%, ranking 4th out of 169 countries.

Summary

Ethiopia's commercial service exports amount to $4.3 billion, ranking 70th out of 171 countries, which is significantly below the global average. The country relies heavily on transport services, accounting for 69.41% of its commercial service exports, which is crucial for the movement of goods and people. However, Ethiopia's low contributions from sectors like computer, communications, insurance, and financial services indicate a need for diversification in its service export portfolio to enhance economic growth and resilience.

Broad Import Attributes

Imports of goods and services (current US$): Ethiopia's value of $18,171,455,003.67 is significantly below the average of $126,191,355,599.06, ranking 78th out of 163 countries in the dataset.

Imports of goods and services (% of GDP): Ethiopia's value of 16.88% is well below the average of 44.15%, placing it in the 153rd rank out of 163 countries.

International tourism, expenditures (% of total imports): Ethiopia's expenditure accounting for 1.88% of total imports is lower than the average of 3.98%, ranking 100th out of 131 countries.

ICT goods imports (% total goods imports): Ethiopia's import of ICT goods comprising 3.65% of total goods imports is below the average of 6.85%, placing it in the 107th rank out of 143 countries.

Goods imports (BoP, current US$): Ethiopia's value of $11,762,035,598.55 is significantly lower than the average of $92,007,788,027.17, ranking 82nd out of 171 countries.

Imports of goods and services (BoP, current US$): Ethiopia's value of $17,169,672,301.42 is notably below the average of $120,321,577,988.12, ranking 82nd out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Ethiopia's value of $17,843,281,624.54 is significantly below the average of $144,514,428,722.28, ranking 84th out of 170 countries.

Summary

Ethiopia's import levels in various categories such as goods and services, ICT goods, and international tourism expenditures are notably below global averages, positioning the country in lower ranks among a large dataset of countries. These statistics are crucial indicators of Ethiopia's level of integration with the global economy, its ability to diversify its imports, and its attractiveness as a tourism destination. The lower rankings suggest potential areas for growth, improvement in trade balance, and development of the tourism sector to enhance economic resilience and competitiveness.

Merchandise Imports

Ethiopia's merchandise imports amount to $13.1 billion, ranking 82nd out of 190 countries. This value is significantly below the average merchandise import value of $89.39 billion.
Manufacturing imports account for 67.86% of Ethiopia's merchandise imports, slightly above the average of 66.76%. Ethiopia ranks 76th out of 152 countries for this attribute.
Agricultural raw materials imports constitute only 0.50% of Ethiopia's merchandise imports, much lower than the average of 1.27%. Ethiopia ranks 132nd out of 152 countries in this aspect.
Food imports contribute to 18.40% of Ethiopia's merchandise imports, surpassing the average of 15.89%. Ethiopia ranks 48th out of 152 countries for this category.
Fuel imports make up 12.04% of Ethiopia's merchandise imports, slightly exceeding the average of 11.38%. Ethiopia holds the 62nd rank out of 152 countries for fuel imports.
Ores and metals imports represent 1.20% of Ethiopia's merchandise imports, significantly below the average of 2.57%. This places Ethiopia at the 100th rank out of 152 countries.
Ethiopia's residual merchandise imports account for 15.29% of the total, substantially above the average of 2.51%. Ethiopia ranks 5th out of 180 countries in this category.

Summary

Ethiopia's key macroeconomic indicators reveal a unique import profile compared to global averages and rankings. The country's heavy reliance on manufacturing and food imports, coupled with minimal agricultural raw materials and ores/metal imports, signifies a strategic emphasis on value-added products and perhaps a vulnerability in raw material availability. A notable over-reliance on residual merchandise imports, significantly surpassing the global average, could point to inefficiencies or gaps in local production capabilities that may warrant further investigation and potential policy interventions.

Service Imports

For Service imports (BoP, current US$), Ethiopia's value is significantly below the average, ranking 70 out of 171 countries in the dataset.

Communications, computer, etc. (% of service imports, BoP) in Ethiopia is below the average, with a rank of 139 out of 169 countries.

Transport services (% of service imports, BoP) has a notably high value in Ethiopia, ranking 7 out of 169 countries.

Travel services (% of service imports, BoP) in Ethiopia is below the average, with a rank of 131 out of 169 countries.

Insurance and financial services (% of service imports, BoP) also fall below the average for Ethiopia, with a rank of 121 out of 169 countries.

Summary

Ethiopia's performance in key macroeconomic indicators for service imports presents a mixed picture. While the country excels in the import of transport services, it lags behind in areas such as communications, computer services, travel services, insurance, and financial services. These indicators are crucial as they reflect Ethiopia's level of integration with the global economy and its ability to leverage services for economic growth and development.

Commercial Service Imports

Analysis of Commercial Service Imports (current US$): Ethiopia's value for this attribute is significantly below the average of $27,102,746,128.60, ranking 70 out of 171 countries.

Analysis of Computer, Communications and Other Services (% of Commercial Service Imports): Ethiopia's value for this attribute is below the average of 41.71%, ranking 132 out of 169 countries.

Analysis of Insurance and Financial Services (% of Commercial Service Imports): Ethiopia's value for this attribute is below the average of 8.85%, ranking 122 out of 169 countries.

Analysis of Transport Services (% of Commercial Service Imports): Ethiopia's value for this attribute is significantly above the average of 34.71%, ranking 11 out of 169 countries.

Analysis of Travel Services (% of Commercial Service Imports): Ethiopia's value for this attribute is below the average of 14.73%, ranking 131 out of 169 countries.

Summary

Across various categories of commercial service imports, Ethiopia consistently falls below average in Computer, Communications and Other Services as well as Insurance and Financial Services. Conversely, the country performs significantly above average in Transport Services. These statistics indicate that while Ethiopia excels in certain sectors like transportation, there is room for growth in areas such as technology-related services and financial offerings. Addressing these disparities could lead to a more balanced and diversified economy, ultimately enhancing Ethiopia's overall competitiveness in the global market.

Infrastructure

1. Air transport, freight (million ton-km): Ethiopia's value of 2897.1341 is above the average of 1384.3654 million ton-km. Ethiopia ranks 14th out of 126 countries in this attribute.

2. Air transport, registered carrier departures worldwide: Ethiopia's value of 72194 is below the average of 134365.6054 departures. Ethiopia ranks 39th out of 149 countries in this attribute.

3. Air transport, passengers carried: Ethiopia's value of 4940183 passengers is also below the average of 11848242.7004 passengers. Ethiopia ranks 41st out of 149 countries in this attribute.

Summary

Ethiopia performs above average in air transport freight volume but below average in registered carrier departures and passengers carried when compared to global averages. Despite ranking 14th in freight volume, its lower rankings in carrier departures (39th) and passengers carried (41st) indicate potential for growth and development in its air transport sector. Improving these metrics can enhance connectivity, trade opportunities, and economic growth for Ethiopia.

Information Technology Infrastructure

Analysis of key stats for Ethiopia:

- Secure Internet servers: Ethiopia has 654 servers, which is significantly below the average of 458,294. Ethiopia ranks 128 out of 193 countries in this data set.

- Secure Internet servers (per 1 million people): With 5.58 servers per 1 million people, Ethiopia is well below the average of 14,067. Ethiopia ranks 183 out of 193 countries.

- Individuals using the Internet (% of population): Only 16.42% of Ethiopians use the internet, much lower than the average of 64.77%. Ethiopia ranks 171 out of 180 countries.

- Fixed broadband subscriptions: Ethiopia has 212,000 subscriptions, far below the average of 6,591,956. Ethiopia ranks 113 out of 185 countries.

- Mobile cellular subscriptions: With 44.5 million subscriptions, Ethiopia is above the average of 42.5 million. Ethiopia ranks 34 out of 193 countries.

Summary

Ethiopia lags behind in key internet infrastructure indicators such as secure internet servers and fixed broadband subscriptions, ranking significantly below global averages. The low percentage of individuals using the internet further emphasizes the digital divide within the country. However, Ethiopia performs relatively well in mobile cellular subscriptions, surpassing the global average. These indicators are crucial as they reflect Ethiopia's current digital infrastructure readiness and highlight areas that require significant improvement to enhance connectivity and access to information in the country.

Energy Consumption

For renewable energy consumption in Ethiopia, the country's value stands at 89.52%, significantly higher than the attribute average of 32.18%. This places Ethiopia at rank 7 out of 191 countries included in the data.

Regarding CO2 emissions in Ethiopia, the country emits 18,098 kt, which is notably below the attribute average of 171,895.94 kt. Ethiopia ranks 89 out of 188 countries in terms of CO2 emissions.

Summary

Ethiopia excels in renewable energy consumption with a rate of 89.52%, ranking 7th globally, well above the average of 32.18%. Additionally, the country emits significantly less CO2 with 18,098 kt, placing it 89th out of 188 countries, far below the average of 171,895.94 kt. These statistics highlight Ethiopia's commitment to sustainable development practices and environmental stewardship, showcasing its potential for long-term growth while mitigating adverse climate impacts.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): Ethiopia's value is 1.96% of GDP, below the average of 2.45%. It ranks 37 out of 87 countries in the dataset.

2. Net incurrence of liabilities, total (% of GDP): Ethiopia's value is 3.65% of GDP, below the average of 7.43%. It ranks 71 out of 92 countries in the dataset.

3. Total reserves (% of total external debt): Ethiopia's value is 10.03% of total external debt, significantly below the average of 66.13%. It ranks 96 out of 102 countries in the dataset.

4. Reserves and related items (BoP, current US$): Ethiopia's value is -1,289,930,883.26 US$, below the average of 1,924,407,186.58 US$. It ranks 141 out of 171 countries in the dataset.

5. Total reserves minus gold (current US$): Ethiopia's value is 3,046,114,358.81 US$, significantly below the average of 74,221,588,171.61 US$. It ranks 101 out of 161 countries in the dataset.

6. Total reserves (includes gold, current US$): Ethiopia's value is 3,046,114,358.81 US$, significantly below the average of 85,708,019,773.47 US$. It ranks 103 out of 161 countries in the dataset.

7. Total reserves in months of imports: Ethiopia's value is 2.05 months of imports, below the average of 7.10 months. It ranks 129 out of 151 countries in the dataset.

Summary

Ethiopia's key macroeconomic indicators paint a picture of the country's financial strength and international economic standing. With below-average values in net acquisition of financial assets and net incurrence of liabilities, Ethiopia ranks relatively lower in the dataset, indicating opportunities for improvement in managing financial assets and liabilities. Additionally, Ethiopia's total reserves, reserves and related items, and total reserves minus gold are significantly below average, suggesting a relatively weaker financial cushion against external economic shocks and lower liquidity compared to other countries in the dataset. These findings are important as they highlight areas where Ethiopia may need to focus on enhancing its financial stability and resilience in the global economic landscape.

Government Revenue

For Revenue, excluding grants (% of GDP), Ethiopia's value is 7.10%, which is significantly below the average of 27.02%. This places Ethiopia at a rank of 120 out of 122 countries.

Regarding Grants and other revenue (% of revenue), Ethiopia's value of 30.62% is above the average of 23.54%. This places Ethiopia at a rank of 24 out of 108 countries.

For Taxes on goods and services (% of revenue), Ethiopia's value of 30.29% is slightly below the average of 31.82%. This places Ethiopia at a rank of 72 out of 122 countries.

In terms of Taxes on international trade (% of revenue), Ethiopia's value of 17.81% is notably above the average of 6.24%. This places Ethiopia at a high rank of 10 out of 101 countries.

Lastly, for Taxes on income, profits and capital gains (% of revenue), Ethiopia's value of 21.28% is below the average of 24.66%. This places Ethiopia at a rank of 68 out of 119 countries.

Summary

Ethiopia's low Revenue, excluding grants (% of GDP), coupled with a high reliance on Taxes on international trade (% of revenue), indicates a potential vulnerability in its revenue generation. However, the country's above-average Grants and other revenue (% of revenue) suggest a level of external support. The lower Taxes on income, profits, and capital gains (% of revenue) compared to the average may signal room for improvement in domestic revenue diversification.

These findings are crucial as they highlight Ethiopia's current fiscal dynamics, showing the need for strategic reforms to enhance domestic revenue sources and reduce dependency on international trade taxes. Addressing these disparities could strengthen Ethiopia's fiscal sustainability and resilience in the long run.

Taxes

Regarding Tax revenue (% of GDP), Ethiopia's value of 6.20% is significantly below the average of 16.72%. The country ranks 121 out of 123 countries in this dataset.

In terms of Customs and other import duties (% of tax revenue), Ethiopia's value of 16.25% is notably above the average of 9.01%. The country holds the 18th rank out of 99 countries in this attribute.

For Taxes on income, profits and capital gains (% of total taxes), Ethiopia's value of 30.67% is slightly below the average of 38.40%. Ethiopia ranks 83rd out of 120 countries in this aspect.

Summary

Ethiopia's tax revenue as a percentage of GDP is significantly lower than the global average, which may indicate potential challenges in funding public services and infrastructure development. However, the country's reliance on customs and import duties is higher than average, suggesting a heavy dependence on trade-related revenue streams. Additionally, Ethiopia's proportion of taxes on income, profits, and capital gains is slightly below the average, indicating room for potential reforms to increase revenue diversification and tax compliance.

These findings are crucial as they highlight Ethiopia's current fiscal structure and revenue sources, showcasing areas where the country may need to focus on to strengthen its economy and enhance fiscal sustainability in the long run.

Government Expenses

1. Expense (% of GDP): Ethiopia's expense as a percentage of GDP is 8.41%, significantly below the average of 31.69%. This places Ethiopia at rank 120 out of 123 countries in the dataset.

2. Compensation of employees (% of expense): The allocation to employee compensation in Ethiopia is 13.67%, lower than the average of 24.70%. This places Ethiopia at rank 94 out of 123 countries.

3. Goods and services expense (% of expense): Ethiopia allocates 20.99% of its expenses to goods and services, exceeding the average of 14.77%. Ethiopia ranks 23 out of 122 countries in this aspect.

4. Interest payments (% of expense): Ethiopia spends 4.77% of its expenses on interest payments, below the average of 6.85%. This places Ethiopia at rank 63 out of 121 countries.

5. Other expense (% of expense): Ethiopia's allocation to other expenses is 7.20%, slightly below the average of 8.29%. Ethiopia ranks 51 out of 120 countries in this category.

6. Subsidies and other transfers (% of expense): Ethiopia allocates 53.37% of its expenses to subsidies and transfers, surpassing the average of 43.29%. Ethiopia ranks 36 out of 121 countries in this aspect.

Summary

Ethiopia's macroeconomic indicators show a pattern of prudent fiscal management with a lower expense as a percentage of GDP compared to the average. The country prioritizes goods and services expense over employee compensation and interest payments, while allocating significantly more towards subsidies and transfers. This strategic allocation indicates Ethiopia's focus on investing in infrastructure and social welfare programs to support long-term economic growth and development.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population, total 12/194
Population ages 0-14, total 7/194
Population ages 15-64, total 15/194
Rural population 7/190
Rural population (% of total population) 12/190
Land under cereal production (hectares) 17/174
Forest rents (% of GDP) 13/174
Agriculture, forestry, and fishing, value added (% of GDP) 7/182
Agriculture, forestry, and fishing, value added (current US$) 17/182
Inflation, consumer prices (annual %) 9/165
Inflation, GDP deflator (annual %) 9/188
Net secondary income (BoP, current US$) 15/170
International tourism, receipts (% of total exports) 11/120
Agricultural raw materials exports (% of merchandise exports) 11/151
Food exports (% of merchandise exports) 9/152
Transport services (% of service exports, BoP) 3/169
Transport services (% of commercial service exports) 4/169
Merchandise imports by the reporting economy, residual (% of total merchandise imports) 5/180
Transport services (% of service imports, BoP) 7/169
Transport services (% of commercial service imports) 11/169
Renewable energy consumption (% of total final energy consumption) 7/191
Taxes on international trade (% of revenue) 10/101

Ranks in Bottom Decile For:

Attribute Rank/Total
Urban population (% of total population) 183/194
Military expenditure (% of GDP) 139/148
Armed forces personnel (% of total labor force) 150/164
Coal rents (% of GDP) 64/65
Charges for the use of intellectual property, receipts (BoP, current US$) 117/122
Services, value added (% of GDP) 172/183
General government final consumption expenditure (% of GDP) 144/158
Trade (% of GDP) 160/163
Merchandise trade (% of GDP) 185/186
External balance on goods and services (current US$) 148/163
Net trade in goods and services (BoP, current US$) 158/171
Exports of goods and services (% of GDP) 158/163
Fuel exports (% of merchandise exports) 141/147
Ores and metals exports (% of merchandise exports) 140/152
Communications, computer, etc. (% of service exports, BoP) 160/169
Insurance and financial services (% of service exports, BoP) 157/161
Computer, communications and other services (% of commercial service exports) 161/169
Insurance and financial services (% of commercial service exports) 157/161
Imports of goods and services (% of GDP) 153/163
Secure Internet servers (per 1 million people) 183/193
Individuals using the Internet (% of population) 171/180
Total reserves (% of total external debt) 96/102
Revenue, excluding grants (% of GDP) 120/122
Tax revenue (% of GDP) 121/123
Expense (% of GDP) 120/123