Ethiopia has unveiled revised gross domestic product (GDP) figures, valuing its economy at USD 210.7 billion in the 2018 (2025/26) Ethiopian fiscal year following a nationwide rebasing exercise designed to capture changes in economic activity.
Finance Minister Fitsum Assefa announced the results on Wednesday, describing the revision as a major step toward more accurate economic measurement and better informed policymaking.
Under the updated framework, GDP for the 2017 Ethiopian fiscal year (2024/25), selected as the new base year, stood at Birr 24.03 trillion, equivalent to USD 201.42 billion. In the following Ethiopian fiscal year, GDP reached Birr 31.86 trillion, or USD 210.7 billion.
Fitsum said the rebased figures would improve the government's ability to evaluate economic performance, formulate fiscal and monetary policies, and strengthen domestic revenue mobilization.
The updated accounts are also expected to support more reliable assessments of public debt sustainability and tax collection by providing revised debt to GDP and tax to GDP ratios.
According to the minister, the improved statistical picture will give investors, development partners, and international financial institutions stronger information for investment and financing decisions.
The rebasing process took one year, from September 2018 (September 2025) to September 2019 (September 2026) in the Ethiopian calendar, and forms part of the Ethiopian Statistics Development Program. The revised accounts follow the internationally recognized 2008 System of National Accounts.
The new framework incorporates developments in digital financial services, modern trade, industry, and mining that were not fully reflected in previous estimates.
Fitsum urged federal and regional institutions, businesses, and development partners to use the updated data in their budgeting, planning, and investment decisions.
She added that the improved figures would help monitor implementation of the Medemer Grand Strategy while promoting greater transparency, accountability, and evidence-based economic management.
Officials say the revised estimates offer a clearer foundation for tracking future development priorities.
Source (including image): Ethiopian News Agency
