Real Gross Domestic Product for Ethiopia
ETHNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.11
Year-over-Year Change
-31.00%
Date Range
1/1/2000 - 1/1/2026
Summary
Real Gross Domestic Product (GDP) for Ethiopia measures the total economic output of the country, adjusted for inflation. It is a key indicator of a nation's economic health and growth trajectory.
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
Real GDP for Ethiopia represents the total value of all goods and services produced within the country, excluding the effects of price changes. Economists and policymakers use this metric to assess the overall performance of the Ethiopian economy and inform economic policies.
Methodology
The data is calculated by the World Bank based on national accounts information.
Historical Context
Real GDP is widely tracked by governments, analysts, and international institutions to gauge economic conditions and guide fiscal and monetary policies.
Key Facts
- Ethiopia's real GDP reached $95.9 billion in 2021.
- GDP per capita in Ethiopia was $874 in 2021.
- Ethiopia's economy grew by 6.1% in 2021 after the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: Real Gross Domestic Product (GDP) for Ethiopia measures the total economic output of the country, adjusted for inflation. It represents the value of all goods and services produced within Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a nation's economic health and growth trajectory. It is widely used by economists, policymakers, and analysts to assess the overall performance of the Ethiopian economy and inform economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP is used by governments, analysts, and international institutions to gauge economic conditions and guide fiscal and monetary policies in Ethiopia and other countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank. There may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Ethiopia (ETHNGDPRPCPPPT), retrieved from FRED.