In 2022, GDP for Ethiopia was 126,783 million US dollars. Between 2003 and 2022, GDP of Ethiopia grew substantially from 8,623 million to 126,783 million US dollars rising at an increasing annual rate that reached a maximum of 37.34% in 2008 and then decreased to 13.95% in 2022.
The description is composed by our digital data assistant.GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.