Ethiopia Boosts Economy by 60 Percent to 201 Billion

Ethiopia has revised its economic size upward by nearly 60 percent to 201 billion dollars following a national accounts rebasing. The statistical update improves debt metrics as the nation concludes a restructuring.

Shoppers walk within Merkato, one of Africa's biggest open air market, in Addis Ababa, Ethiopia, April 25, 2024. REUTERS/Tiksa Negeri

Ethiopia revised its economy up 59.2% to $201.42 billion after rebasing national accounts to the 2024/2025 period, according to a government presentation. The statistical overhaul shifts key debt metrics as the nation concludes a long-running debt restructuring. Clearer economic data aims to lower sovereign borrowing risk premiums and boost foreign investment inflows.