Ethiopia
Government debt in Ethiopia
Government debt in Ethiopia: 87.9% of GDP in 1992 and 33.5% of GDP in 2024, by IMF estimates.
- Latest, 2024
- 33.5% of GDP
- Since 1992
- −54.5 percentage points
- Projected, 2031
- 27.5% of GDP
- IMF projection (World Economic Outlook, October 2026)
% of GDP · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 27.5% of GDP in 2031.
- The highest was 155.2% of GDP in 1994, the lowest 30% of GDP in 2009.
Every year
% of GDP · IMF
| Year | Ethiopia |
|---|---|
| 2024 | 33.5 |
| 2023 | 38.7 |
| 2022 | 47 |
| 2021 | 53.8 |
| 2020 | 53.3 |
| 2019 | 54.7 |
| 2018 | 58.5 |
| 2017 | 55.3 |
| 2016 | 51.8 |
| 2015 | 50.7 |
| 2014 | 44.2 |
| 2013 | 44.1 |
| 2012 | 39.4 |
| 2011 | 44.6 |
| 2010 | 39.4 |
| 2009 | 30 |
| 2008 | 56.1 |
| 2007 | 55.7 |
| 2006 | 79.6 |
| 2005 | 78.2 |
| 2004 | 103.1 |
| 2003 | 103.7 |
| 2002 | 107.4 |
| 2001 | 97.3 |
| 2000 | 93.6 |
| 1999 | 97.8 |
| 1998 | 89.3 |
| 1997 | 80.3 |
| 1996 | 132.8 |
| 1995 | 146.6 |
| 1994 | 155.2 |
| 1993 | 141 |
| 1992 | 87.9 |
IMF projection (World Economic Outlook, October 2026) · 2025–2031
| Year | Ethiopia |
|---|---|
| 2025 | 43.3 |
| 2026 | 40.7 |
| 2027 | 37 |
| 2028 | 34.2 |
| 2029 | 31.8 |
| 2030 | 29.7 |
| 2031 | 27.5 |
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Ethiopia in numbers
Every measure for Ethiopia on one page
Health
People
Economy
Education
Politics
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Military
- Military spending0.49% of GDP in 2025
- Military spending in US dollars$785M in 2025
- Military spending per person$4 in 2025
- Military share of state spending4.1% of government spending in 2025
- Armed forces personnel138,000 people in 2020
- National power0.85% of world capability in 2022
- Armed forces, share of workers0.28% of the labour force in 2020
- Arms imports63 million TIV in 2025
- Arms exports17 million TIV in 1997