Debt service (PPG and IMF only, % of exports of goods, services and) in Ethiopia
Ethiopia: Debt service (PPG and IMF only, % of exports of goods, services and) was 10.1% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Ethiopia, 1977–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Ethiopia recorded 10.1% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
The figure is down 29.4% on the previous year and down 14.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Ethiopia peaked at 43.8% in 1988 and was at its lowest, 2.8%, in 2009.
That places Ethiopia 38th out of 118 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 5.8% | — |
| 1978 | 6.7% | +16.8% |
| 1979 | 5.3% | -20.7% |
| 1980 | 6.3% | +18.8% |
| 1981 | 9.1% | +43.4% |
| 1982 | 11.6% | +28.2% |
| 1983 | 17.7% | +51.8% |
| 1984 | 19.7% | +11.2% |
| 1985 | 23.6% | +20.2% |
| 1986 | 29.0% | +22.8% |
| 1987 | 36.0% | +24.1% |
| 1988 | 43.8% | +21.5% |
| 1989 | 39.7% | -9.2% |
| 1990 | 37.6% | -5.2% |
| 1991 | 29.0% | -22.9% |
| 1992 | 22.7% | -21.7% |
| 1993 | 17.9% | -21.1% |
| 1994 | 15.2% | -15.1% |
| 1995 | 18.3% | +20.5% |
| 1996 | 41.5% | +126.3% |
| 1997 | 9.9% | -76.2% |
| 1998 | 12.1% | +22.5% |
| 1999 | 16.2% | +33.8% |
| 2000 | 13.6% | -15.7% |
| 2001 | 18.4% | +34.9% |
| 2002 | 7.9% | -57.0% |
| 2003 | 7.2% | -9.4% |
| 2004 | 5.5% | -23.1% |
| 2005 | 4.3% | -22.0% |
| 2006 | 5.8% | +34.9% |
| 2007 | 4.6% | -21.1% |
| 2008 | 2.9% | -36.3% |
| 2009 | 2.8% | -4.6% |
| 2010 | 3.8% | +35.7% |
| 2011 | 5.9% | +55.0% |
| 2012 | 7.1% | +22.0% |
| 2013 | 10.6% | +49.1% |
| 2014 | 11.8% | +11.0% |
| 2015 | 18.2% | +53.7% |
| 2016 | 20.6% | +13.5% |
| 2017 | 22.0% | +6.7% |
| 2018 | 21.2% | -3.8% |
| 2019 | 28.7% | +35.8% |
| 2020 | 26.0% | -9.4% |
| 2021 | 21.2% | -18.7% |
| 2022 | 18.2% | -14.1% |
| 2023 | 14.3% | -21.6% |
| 2024 | 10.1% | -29.4% |
Ethiopia compared with similar countries
- Ethiopia's 10.1% is above the median for low income countries, which is 7.3%, 1.4× the median. (20 countries reporting)
- Ethiopia's 10.1% is above the median for Sub-Saharan Africa, which is 8.0%, 1.3× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 5.3% | 6.7% | 3 |
| 1980s | 23.7% | 6.3% | 43.8% | 10 |
| 1990s | 22.0% | 9.9% | 41.5% | 10 |
| 2000s | 7.3% | 2.8% | 18.4% | 10 |
| 2010s | 15.0% | 3.8% | 28.7% | 10 |
| 2020s | 17.9% | 10.1% | 26.0% | 5 |
Countries ranked near Ethiopia
- 35 Bangladesh 10.5% compare
- 36 Malawi 10.3% compare
- 37 Saint Kitts and Nevis 10.1% compare
- 39 Saint Vincent and the Grenadines 10.0% compare
- 40 Mozambique 10.0% compare
- 41 Jordan 10.0% compare
More external debt data for Ethiopia
- IFC, private nonguaranteed 23.11 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.175 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0002 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 66.46 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA 1.13 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.58 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -4.01 million NFL, current US$ (1995)
- Public and publicly guaranteed debt service 8.1% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Ethiopia?
- Debt service (ppg and imf only, % of exports of goods, services and) in Ethiopia was 10.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Ethiopia?
- The highest recorded value was 43.8% in 1988.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Ethiopia?
- The lowest recorded value was 2.8% in 2009.
- How does Ethiopia rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Ethiopia ranks 38th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Ethiopia?
- Over the last ten years it is down 14.8%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.