Gross external debt, Percent of GDP (Balance of Payments and) in Ethiopia
Ethiopia: Gross external debt, Percent of GDP (Balance of Payments and) was 26.84 in 2027. ◆ Volatile
Gross external debt, Percent of GDP (Balance of Payments and) in Ethiopia, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, gross external debt, percent of gdp (balance of payments and) in Ethiopia stood at 26.84.
The figure is down 10.0% on the previous year and down 7.7% over ten years.
Over the whole period, gross external debt, percent of gdp (balance of payments and) in Ethiopia peaked at 71.72 in 2002 and was at its lowest, 10.51, in 2008.
That places Ethiopia 22nd out of 45 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross external debt, Percent of GDP (Balance of Payments and) in Ethiopia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 66.75 | — |
| 2001 | 69.28 | +3.8% |
| 2002 | 71.72 | +3.5% |
| 2003 | 69.79 | -2.7% |
| 2004 | 71.14 | +1.9% |
| 2005 | 47.77 | -32.8% |
| 2006 | 37.11 | -22.3% |
| 2007 | 10.52 | -71.7% |
| 2008 | 10.51 | -0.1% |
| 2009 | 13.9 | +32.3% |
| 2010 | 19.99 | +43.9% |
| 2011 | 22.89 | +14.5% |
| 2012 | 19.12 | -16.5% |
| 2013 | 21.33 | +11.5% |
| 2014 | 22.81 | +6.9% |
| 2015 | 26.23 | +15.0% |
| 2016 | 28.14 | +7.3% |
| 2017 | 29.09 | +3.4% |
| 2018 | 30.63 | +5.3% |
| 2019 | 28.23 | -7.8% |
| 2020 | 28.8 | +2.0% |
| 2021 | 29.05 | +0.9% |
| 2022 | 24.02 | -17.3% |
| 2023 | 18.07 | -24.8% |
| 2024 | 22.82 | +26.3% |
| 2025 | 32.47 | +42.3% |
| 2026 | 29.82 | -8.2% |
| 2027 | 26.84 | -10.0% |
Ethiopia compared with similar countries
- Ethiopia's 26.84 is above the median for Sub-Saharan Africa, which is 26.53, 1.0× the median. (45 countries reporting)
- Ethiopia's 26.84 is above the median for low income countries, which is 24.57, 1.1× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.85 | 10.51 | 71.72 | 10 |
| 2010s | 24.85 | 19.12 | 30.63 | 10 |
| 2020s | 26.49 | 18.07 | 32.47 | 8 |
Countries ranked near Ethiopia
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 gross external debt, percent of gdp (balance of payments and) in Ethiopia?
- Gross external debt, percent of gdp (balance of payments and) in Ethiopia was 26.84 in 2027, according to International Monetary Fund.
- What is the highest gross external debt, percent of gdp (balance of payments and) recorded in Ethiopia?
- The highest recorded value was 71.72 in 2002.
- What is the lowest gross external debt, percent of gdp (balance of payments and) recorded in Ethiopia?
- The lowest recorded value was 10.51 in 2008.
- How does Ethiopia rank for gross external debt, percent of gdp (balance of payments and)?
- Ethiopia ranks 22nd out of 45 countries with data for 2027.
- Is gross external debt, percent of gdp (balance of payments and) rising or falling in Ethiopia?
- Over the last ten years it is down 7.7%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from International Monetary Fund, published as part of Gross external debt, Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.