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Country Report Ethiopia January 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ bn) | 15.1 | 19.1 | 25.9 | 28.5 | 25.7 | 23.0 | 24.1 |
| Nominal GDP (Birr bn) | 132 | 171 | 249 | 336 | 370 | 412 | 473 |
| Real GDP growth (%) | 10.9 | 11.1 | 11.1 | 8.7 | 7.0 | 9.0 | 9.5 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 15.0 | 8.1 | 27.9 | 7.8 | 14.0 | 7.6 | 9.0 |
| Government consumption | 3.2 | -0.5 | 7.2 | -10.7 | 16.0 | 8.1 | 10.0 |
| Gross fixed investment | 18.3 | 18.4 | 5.0 | 12.7 | 14.0 | 7.6 | 9.0 |
| Exports of goods & services | 0.2 | 10.2 | -3.1 | 6.9 | 40.7 | 10.7 | 10.8 |
| Imports of goods & services | 18.0 | 3.8 | 42.7 | 16.4 | 30.7 | 6.7 | 9.8 |
| Origin of GDP (% real change) | |||||||
| Agriculture | 10.9 | 9.4 | 7.5 | 6.4 | 5.6 | 10.0 | 10.5 |
| Industry | 10.2 | 11.0 | 9.6 | 9.2 | 9.5 | 9.0 | 9.2 |
| Services | 12.9 | 13.9 | 16.5 | 15.5 | 7.6 | 8.0 | 8.6 |
| Population and income | |||||||
| Population (m) | 70.3 | 71.6 | 72.8 | 73.9 | 75.1 | 76.2 | 77.3 |
| GDP per head (US$ at PPP) | 769b | 864b | 965b | 1,042b | 1,105 | 1,207 | 1,330 |
| Fiscal indicators (% of GDP) | |||||||
| Central government revenued | 18.4 | 17.1 | 16.0 | 16.2 | 17.9 | 18.3 | 19.2 |
| Central government expenditured | 22.2 | 20.8 | 18.9 | 17.2 | 19.6 | 21.0 | 22.2 |
| Central government balanced | -3.8 | -3.7 | -2.9 | -1.0 | -1.7 | -2.8 | -3.0 |
| Net public debt | 46.0 | 43.0 | 39.6 | 35.6b | 39.7 | 41.5 | 42.0 |
| Prices and financial indicators | |||||||
| Exchange rate Birr:US$ (av) | 8.70 | 8.97 | 9.60 | 11.78 | 14.40 | 17.90 | 19.60 |
| Exchange rate Birr:€ (av) | 10.92 | 12.27 | 14.11 | 16.41 | 19.06 | 22.38 | 23.52 |
| Consumer prices (av; %) | 12.3 | 17.2 | 44.4 | 8.5 | 7.7 | 11.0 | 10.0 |
| Stock of money M1 (% change) | 23.4 | 21.4 | 26.2 | 31.1b | 16.2 | 14.2 | 14.8 |
| Stock of money M2 (% change) | 20.0 | 22.2 | 23.4 | 31.6b | 15.8 | 14.1 | 12.3 |
| Lending interest rate (av; %) | 7.0 | 7.5 | 8.0 | 9.0b | 8.8 | 8.6 | 9.0 |
| Current account (US$ m) | |||||||
| Trade balance | -3,081 | -3,871 | -5,652 | -5,281 | -6,060 | -6,084 | -6,652 |
| Goods: exports fob | 1,025 | 1,285 | 1,555 | 1,538 | 1,712 | 1,978 | 2,040 |
| Goods: imports fob | -4,106 | -5,156 | -7,206 | -6,819 | -7,773 | -8,062 | -8,691 |
| Services balance | 3 | -384 | -451 | -332 | -257 | 58 | 297 |
| Income balance | 18 | 40 | 2 | -37 | 27 | 39 | 49 |
| Current transfers balance | 1,274 | 3,387 | 4,295 | 3,459 | 3,629 | 3,670 | 3,970 |
| Current-account balance | -1,786 | -828 | -1,806 | -2,191 | -2,661 | -2,317 | -2,336 |
| External debt (US$ m) | |||||||
| Debt stock | 2,273 | 2,621 | 2,882 | 3,611b | 4,312 | 5,069 | 5,892 |
| Debt service paid | 333 | 133 | 111 | 97b | 102 | 112 | 126 |
| Principal repayments | 276 | 88 | 71 | 70b | 70 | 72 | 78 |
| Interest | 57 | 45 | 40 | 27b | 32 | 39 | 48 |
| International reserves (US$ m) | |||||||
| Total international reserves | 867 | 1,290 | 871 | 1,781 | 1,970 | 2,031 | 2,227 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Fiscal years ending July 7th. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
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