Ethiopia’s Rebased Economy: What the New GDP Series Means for Investment, Tax and Debt

GCA Brief Ethiopia GDP Rebasing Nov 2026.pdf

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Ethiopia’s national accounts have been rebased to EFY 2017 (2024/25), raising nominal GDP by 59% to ETB 24.03 trillion (USD 201 billion). In this Macro Intelligence Brief, Growth Capital Analytics explains what the revision changes. Industry’s share rises to 30.2% of GDP, investment is revised up to 35.3% of GDP, and fiscal and debt ratios fall by about 37%. The brief sets out what this means for revenue mobilization, debt sustainability and Ethiopia’s IMF program ahead of the 6th review, and which data releases to watch next.

Download the full brief (PDF)