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Country Report Ethiopia May 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 | 19.2 | 25.9 | 28.5 | 25.0 | 25.0 | 26.8 |
| Nominal GDP (Birr bn) | 132 | 172 | 249 | 336 | 360 | 447 | 525 |
| Real GDP growth (%) | 10.8 | 11.5 | 10.8 | 8.7 | 7.0 | 9.0 | 9.5 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 15.0 | 17.1 | 18.1 | 7.8 | 8.2 | 9.0 | 9.9 |
| Government consumption | 3.2 | -0.9 | 7.6 | -10.7 | 15.6 | -2.2 | 3.6 |
| Gross fixed investment | 18.3 | 26.5 | -1.6 | 35.2 | 8.2 | 9.0 | 9.9 |
| Exports of goods & services | 0.2 | 10.4 | -3.3 | 6.9 | 29.1 | 11.7 | 11.0 |
| Imports of goods & services | 17.9 | 31.4 | 12.6 | 16.4 | 19.1 | 7.7 | 10.0 |
| Origin of GDP (% real change) | |||||||
| Agriculture | 10.9 | 9.5 | 7.5 | 6.4 | 5.6 | 6.0 | 10.0 |
| Industry | 10.2 | 10.2 | 10.4 | 8.9 | 9.5 | 9.0 | 9.2 |
| Services | 12.8 | 15.2 | 15.3 | 14.3 | 7.6 | 11.9 | 9.1 |
| 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) | 768 | 867 | 965 | 1,042b | 1,109 | 1,209 | 1,340 |
| Fiscal indicators (% of GDP) | |||||||
| Central government revenued | 18.4 | 17.0 | 16.0 | 16.2 | 18.4 | 16.9 | 16.6 |
| Central government expenditured | 22.3 | 20.7 | 18.9 | 17.2 | 20.1 | 19.4 | 19.0 |
| Central government balanced | -3.8 | -3.7 | -2.9 | -1.0 | -1.7 | -2.5 | -2.3 |
| Net public debt | 46.1 | 42.9 | 39.6 | 40.9 | 47.9 | 44.1 | 42.1 |
| 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 | 19.09 | 24.43 | 25.38 |
| Consumer prices (av; %) | 12.3 | 17.2 | 44.4 | 8.5 | 8.1a | 22.7 | 11.0 |
| Stock of money M1 (% change) | 23.4 | 21.4 | 26.2 | 31.1b | 13.2 | 27.0 | 17.6 |
| Stock of money M2 (% change) | 20.0 | 22.2 | 23.4 | 31.6b | 12.4 | 27.0 | 15.1 |
| Lending interest rate (av; %) | 15.5 | 15.0 | 14.4 | 14.2b | 8.8 | 8.6 | 9.0 |
| Current account (US$ m) | |||||||
| Trade balance | -3,081 | -3,871 | -5,652 | -5,281 | -5,220 | -5,593 | -6,057 |
| Goods: exports fob | 1,025 | 1,285 | 1,555 | 1,538 | 1,716 | 2,171 | 2,158 |
| Goods: imports fob | -4,106 | -5,156 | -7,206 | -6,819 | -6,937 | -7,764 | -8,215 |
| Services balance | 3 | -384 | -451 | -332 | -179 | 193 | 482 |
| Income balance | 18 | 40 | 2 | -37 | 21 | 37 | 46 |
| Current transfers balance | 1,274 | 3,387 | 4,295 | 3,459 | 3,532 | 3,978 | 4,406 |
| Current-account balance | -1,786 | -828 | -1,806 | -2,191 | -1,847 | -1,384 | -1,123 |
| External debt (US$ m) | |||||||
| Debt stock | 2,277 | 2,620 | 2,879 | 5,025 | 5,681 | 6,416 | 7,086 |
| Debt service paid | 304 | 133 | 112 | 103 | 134 | 136 | 165 |
| Principal repayments | 254 | 88 | 72 | 62 | 91 | 99 | 114 |
| Interest | 50 | 45 | 40 | 42 | 43 | 37 | 51 |
| International reserves (US$ m) | |||||||
| Total international reserves | 867 | 1,290 | 871 | 1,781 | 1,796 | 1,983 | 2,140 |
| 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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Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information