Ministry of National Strategy Programme

is not new growth. It is the same economy, measured better.

Rebasing updates the base year to 2024/25 and counts activity the old series could not see. GDP for 2017 EFY is now estimated at ETB 24.03 trillion, up from 15.09.

ETB 24.03 TnRebased GDP, 2017 EFY
USD 201.4 BnUSD equivalent
5th in Africa3rd in Sub-Saharan Africa
Wednesday 04 November 2026 25 Tikimt 2019 E.C.

High-level national launch of the rebased GDP

Time
09:00–13:00Registration from 08:30
Venue
Skylight HotelAbay
See the programmeRead the report

By invitation · RSVP: Hana Abebe, Chief of Staff

Same economy. Sharper picture.

Old lens Base year 2015/16 15.09 ETB trillion · 2017 EFY

Older prices, sample data, a smaller view of informal activity.

New lens Base year 2024/25 24.03 ETB trillion · 2017 EFY

Today's prices, two national censuses, SNA 2008 standards.

The economy didn't change. The lens did.

What changed

Three changes to the yardstick.

  1. The old lens

    Base year 2015/16 put 2017 EFY GDP at ETB 15.09 trillion.

  2. 1A new base year

    Prices and sector weights move from 2015/16 to 2024/25.

  3. 2Wider coverage

    Two national censuses bring in activity the old series missed: informal mining, small manufacturing, transport services, FinTech and interest-free banks.

  4. 3International standards

    Methods follow SNA 2008 and ISIC Rev. 5, reviewed by the IMF.

    ETB 24.03 trillion.

Illustration. Each dot is an equal share of the rebased economy. It does not show how much each change contributed.

What the new lens sees

Activity that was always there, now counted from census and administrative records.

Built on

  • Agriculture CensusA full count of crops and livestock replaces scaled sample estimates.
  • Economic Establishment CensusThe first comprehensive census of industry and services.
  • Integrated Household SurveyUp-to-date patterns of household consumption.
International standardsMethods aligned with the System of National Accounts 2008 (SNA 2008) and ISIC Rev. 5, so Ethiopia's figures compare like for like with other economies.

A bigger, truer picture

How the economy uses its output

% of GDP, rebased 2017 EFY

Private consumption64.4%
Investment35.3%
Domestic saving30.9%
Trade deficit4.4%

Investment and saving play a far larger role than previously measured, and the trade gap is smaller relative to the economy.

The economy grew 7.7% in 2018 EFY.

Real GDP growth at constant market prices, measured on the new 2017 EFY base. The 59.2% is a revision to the old estimate, not growth.

7.7%Real GDP growth, 2018 EFY
ETB 31.97 TnGDP at current prices
USD 210.7 BnGDP in US dollars

Ethiopia among Africa's largest economies

Top 9 economies in Africa, GDP 2026, USD billion

  1. 1South Africa480.0
  2. 2Egypt429.7
  3. 3Nigeria377.4
  4. 4Algeria317.2
  5. 5Ethiopia210.7
  6. 6Morocco194.3
  7. 7Angola152.4
  8. 8Kenya147.3
  9. 9DR Congo123.4
5th in Africa3rd in Sub-Saharan Africa

Source: IMF, 2026; Ethiopia: rebased estimate, Ministry of National Strategy.

Programme

Wednesday 4 November 2026 · 09:00–13:00 · Skylight Hotel, Abay

  1. Arrival and registrationProtocol team
Session 1High-level opening and official launch
09:00–10:05
  1. Introduction and programme overviewMr. Temesgen Shiferaw, Master of Ceremonies
  2. Welcome remarksH.E. Mr. Abas Mohammed, State Minister, MoNS
  3. Opening speechH.E. Mr. Bereket Fesehatsion, Minister of National Strategy
  4. Guest of honour remarksH.E. Dr. Fitsum Assefa
  5. Official launch of the rebased GDP and photo momentGuest of honour
  6. Stage transition
  1. Rebased GDP (2017 EFY base year): rationale, methodology and key resultsMr. Feleke Demsis, National Accounts CEO, MoNS
  2. Coffee and tea break
Session 2High-level panel discussion
11:05–12:40
  1. Moderated panel: GDP rebasing and Ethiopia's data transformationModerator: Dr. Solomon Tsehay
  2. Moderated audience questionsModerator: Dr. Solomon Tsehay
  1. Key messages, next steps and closingMinister of National Strategy, MoNS
  2. Announcements and transitionMaster of Ceremonies
  3. Lunch

Panelists

Press conference follows the close. Programme subject to change.

Read the full report

High Level Report: 2017 EFY GDP Rebasing. Rationale, methodology and key results.

Questions info@mons.gov.et