Goods and Services: Net for Ethiopia
ETHBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.45
Year-over-Year Change
-37.02%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Ethiopia' economic trend measures Ethiopia's net balance of trade in goods and services as a percentage of GDP. This metric is a key indicator of the country's international economic competitiveness and integration.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks Ethiopia's trade balance, which is the difference between the value of its exports and imports of goods and services. It represents a core component of the country's current account and is closely monitored by economists and policymakers to assess macroeconomic performance.
Methodology
The data is collected and calculated by the International Monetary Fund based on official government trade statistics.
Historical Context
The goods and services trade balance is a critical factor in determining a country's economic growth, employment, and currency valuation.
Key Facts
- Ethiopia had a trade deficit equal to 6.7% of GDP in 2021.
- The country's trade deficit has narrowed in recent years due to export growth.
- Improving the trade balance is a key policy goal for the Ethiopian government.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Ethiopia' trend measures the difference between Ethiopia's exports and imports of goods and services as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is a critical indicator of Ethiopia's international economic competitiveness and integration. It provides insight into the country's trade dynamics and current account position, which are important for assessing macroeconomic performance and policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on official government trade statistics reported by the Ethiopian authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Ethiopia's trade balance to evaluate the country's external sector performance and inform decisions related to exchange rate, trade, and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Goods and Services: Net for Ethiopia (ETHBGSBP6GDPPT), retrieved from FRED.