Country Report Ethiopia May 2011

Data and charts: Quarterly data

	2008			2009				2010
	2 Qtr	3 Qtr	4 Qtr	1 Qtr	2 Qtr	3 Qtr	4 Qtr	1 Qtr
Prices
Consumer prices (2000=100)	180.7	218.5	208.8	200.0	203.7	210.0	211.2	214.7
Consumer prices (% change, year on year)	41.4	61.8	48.0	31.2	12.7	-3.9	1.1	7.4
Financial indicators
Exchange rate Birr:US$ (av)	9.55	9.66	9.87	10.95	11.20	12.37	12.59	13.13
Exchange rate Birr:US$ (end-period)	9.61	9.69	9.96	11.11	11.30	12.54	12.64	13.40
Deposit rate (av; %)	4.7	4.7	4.7	n/a	n/a	n/a	n/a	n/a
Lending rate (av; %)	8.0	8.0	8.0	n/a	n/a	n/a	n/a	n/a
Treasury-bill rate (av; %)	0.6	0.7	0.8	n/a	n/a	n/a	n/a	n/a
M1 (end-period; Birr m)	43	44	49	n/a	n/a	n/a	n/a	n/a
M1 (% change, year on year)	19.5	19.5	26.2	n/a	n/a	n/a	n/a	n/a
M2 (end-period; Birr m)	76	79	85	n/a	n/a	n/a	n/a	n/a
M2 (% change, year on year)	20.7	20.9	23.4	n/a	n/a	n/a	n/a	n/a
Foreign trade (US$ m)a
Exports fob	457	352	271	402	424	342	370	556
Imports cif	-1,839	-2,038	-1,742	-1,545	-1,604	-1,591	-2,079	-1,953
Trade balance	-1,381	-1,686	-1,471	-1,144	-1,180	-1,248	-1,709	-1,397
Foreign payments (US$ m)
Merchandise trade balance	-1,381.3	-1,686.3	-1,470.9	-1,143.7	-1,180.1	-1,248.3	-1,708.9	-1,397.0
Services balance	-206.5	-88.4	-24.6	-68.4	-197.5	-52.0	-14.1	-84.4
Income balance	3.2	2.2	-10.6	-7.1	-9.0	-11.7	-9.1	-9.6
Net transfer payments	1,137.9	969.1	1,292.7	605.7	676.0	974.2	1,203.2	1,205.0
Current-account balance	-446.7	-803.4	-213.4	-613.5	-710.6	-337.8	-528.9	-286.0
Reserves excl gold (end-period)	854.8	838.2	870.5	1,143.9	1,471.2	1,715.1	1,780.9	n/a
a DOTS estimates.
Sources: IMF, International Financial Statistics; Direction of Trade Statistics.

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