Net Current Account Total for Ethiopia
ETHBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.22
Year-over-Year Change
-59.26%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Ethiopia measures the difference between the country's exports and imports of goods, services, and income. It's a key indicator of Ethiopia's economic performance and international trade position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents Ethiopia's balance of payments, tracking the flow of goods, services, and capital between the country and the rest of the world. It's used by policymakers and analysts to assess the nation's economic health and external competitiveness.
Methodology
The data is collected and calculated by the National Bank of Ethiopia based on international accounting standards.
Historical Context
The current account balance is closely watched by investors and international institutions like the IMF when evaluating Ethiopia's macroeconomic policies and prospects.
Key Facts
- Ethiopia has run a current account deficit in recent years.
- The current account balance is influenced by Ethiopia's trade in goods, services, and income flows.
- Improving the current account is a key policy goal for the Ethiopian government.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Ethiopia measures the difference between the country's exports and imports of goods, services, and income. It represents Ethiopia's balance of payments with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Ethiopia's economic performance and international competitiveness. It's closely watched by policymakers, investors, and international institutions when evaluating the country's macroeconomic policies and prospects.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of Ethiopia based on international accounting standards for balance of payments.
Q: How is this trend used in economic policy?
A: The current account balance is an important consideration for the Ethiopian government's macroeconomic policies, as improving the external position is a key policy goal.
Q: Are there update delays or limitations?
A: The data is published quarterly by the National Bank of Ethiopia, with potential delays of several months before it becomes available.
Related Trends
Number of Identified Exporters to Ethiopia from Colorado
COETHA475SCEN
Value of Exports to Ethiopia from Oklahoma
OKETHA052SCEN
Gross Debt Position of the General Government for Ethiopia
ETHGGXWDGG01GDPPT
Number of Identified Exporters to Ethiopia from Connecticut
CTETHA475SCEN
Value of Exports to Ethiopia from Nebraska
NEETHA052SCEN
Value of Exports to Ethiopia from Maryland
MDETHA052SCEN
Citation
U.S. Federal Reserve, Net Current Account Total for Ethiopia (ETHBCABP6GDPPT), retrieved from FRED.