Public and publicly guaranteed debt service in Ethiopia
Ethiopia: Public and publicly guaranteed debt service was 8.1% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Ethiopia, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for public and publicly guaranteed debt service in Ethiopia is 8.1%, measured in 2024.
Compared with earlier readings it is down 37.1% on the previous year and down 30.7% over ten years.
Over the whole period, public and publicly guaranteed debt service in Ethiopia peaked at 41.5% in 1996 and was at its lowest, 2.8%, in 2009.
That places Ethiopia 46th out of 120 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.
Public and publicly guaranteed debt service in Ethiopia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1977 | 5.8% | — |
| 1978 | 6.7% | +16.6% |
| 1979 | 5.3% | -20.8% |
| 1980 | 6.0% | +12.3% |
| 1981 | 8.4% | +40.2% |
| 1982 | 9.7% | +16.0% |
| 1983 | 12.6% | +29.6% |
| 1984 | 13.9% | +10.4% |
| 1985 | 17.1% | +23.0% |
| 1986 | 23.4% | +36.8% |
| 1987 | 32.3% | +38.1% |
| 1988 | 40.7% | +26.0% |
| 1989 | 36.1% | -11.3% |
| 1990 | 33.2% | -8.2% |
| 1991 | 27.6% | -16.7% |
| 1992 | 22.7% | -17.7% |
| 1993 | 17.9% | -21.2% |
| 1994 | 15.2% | -15.1% |
| 1995 | 18.3% | +20.4% |
| 1996 | 41.5% | +126.6% |
| 1997 | 9.8% | -76.3% |
| 1998 | 11.6% | +18.3% |
| 1999 | 15.1% | +29.5% |
| 2000 | 12.2% | -18.7% |
| 2001 | 17.1% | +39.9% |
| 2002 | 6.8% | -60.4% |
| 2003 | 6.4% | -5.0% |
| 2004 | 4.9% | -23.6% |
| 2005 | 4.0% | -17.8% |
| 2006 | 5.8% | +42.9% |
| 2007 | 4.6% | -21.1% |
| 2008 | 2.9% | -36.0% |
| 2009 | 2.8% | -5.3% |
| 2010 | 3.8% | +36.4% |
| 2011 | 5.8% | +55.4% |
| 2012 | 7.1% | +22.1% |
| 2013 | 10.6% | +49.1% |
| 2014 | 11.7% | +10.3% |
| 2015 | 17.6% | +49.7% |
| 2016 | 19.7% | +12.3% |
| 2017 | 21.2% | +7.5% |
| 2018 | 20.5% | -3.6% |
| 2019 | 28.1% | +37.3% |
| 2020 | 25.8% | -8.3% |
| 2021 | 21.1% | -18.1% |
| 2022 | 18.0% | -14.5% |
| 2023 | 12.9% | -28.3% |
| 2024 | 8.1% | -37.1% |
Ethiopia compared with similar countries
- Ethiopia's 8.1% is above the median for low income countries, which is 5.2%, 1.6× the median. (21 countries reporting)
- Ethiopia's 8.1% is above the median for Sub-Saharan Africa, which is 5.7%, 1.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 5.3% | 6.7% | 3 |
| 1980s | 20.0% | 6.0% | 40.7% | 10 |
| 1990s | 21.3% | 9.8% | 41.5% | 10 |
| 2000s | 6.7% | 2.8% | 17.1% | 10 |
| 2010s | 14.6% | 3.8% | 28.1% | 10 |
| 2020s | 17.2% | 8.1% | 25.8% | 5 |
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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 598.11 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Ethiopia?
- Public and publicly guaranteed debt service in Ethiopia was 8.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Ethiopia?
- The highest recorded value was 41.5% in 1996.
- What is the lowest public and publicly guaranteed debt service recorded in Ethiopia?
- The lowest recorded value was 2.8% in 2009.
- How does Ethiopia rank for public and publicly guaranteed debt service?
- Ethiopia ranks 46th out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Ethiopia?
- Over the last ten years it is down 30.7%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.