Goods and Services: Debit for Ethiopia
ETHBMGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.40
Year-over-Year Change
-34.96%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Debit for Ethiopia' metric measures Ethiopia's imports and payments for foreign goods and services as a percentage of its GDP. This key indicator provides insights into the country's trade balance and economic openness.
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 economic indicator tracks Ethiopia's debit balance of payments for goods and services, representing the value of imports and other payments made to foreign entities. It is an important measure of a country's trade position and reliance on foreign markets.
Methodology
The data is collected and calculated by the World Bank based on balance of payments statistics.
Historical Context
Economists and policymakers use this metric to assess Ethiopia's international trade flows and competitiveness.
Key Facts
- Ethiopia's goods and services debit was 23.4% of GDP in 2020.
- The debit balance has increased from 17.4% of GDP in 2010.
- Imports of goods and services account for the majority of Ethiopia's debit balance.
FAQs
Q: What does this economic trend measure?
A: This metric measures Ethiopia's imports and payments for foreign goods and services as a percentage of its GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Ethiopia's trade balance and economic openness, which are important factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on balance of payments statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Ethiopia's international trade flows and competitiveness, which informs economic policies and strategies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Goods and Services: Debit for Ethiopia (ETHBMGSBP6GDPPT), retrieved from FRED.