Ethiopia's service exports (current US$, BoP) was US$7.61 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 156.4% from US$2.97 billion in 2014 (9.87% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$7.61 billion | 2024 |
| Five years earlier | US$4.84 billion | 2019 |
| Ten years earlier | US$2.97 billion | 2014 |
| Highest | US$7.61 billion | 2024 |
| Lowest | US$79.47 million | 1978 |
| Average since 2015 | US$5.16 billion | 2015–2024 |
| First recorded | US$83.91 million |
What the numbers say
In 2024, Ethiopia's service exports (current US$, BoP) rose 2.9% on 2023 (from US$7.4 billion to US$7.61 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +12.4% and a typical year strayed about 14.6% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 54.9% in 1985 and the biggest yearly fall was 15.6% in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$541.36 million a year. A straight line explains 92% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Ethiopia had the 3rd highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Ethiopia | US$7.61 billion | 2024 |
| World | US$9.56 trillion | 2025 |
| Sub-Saharan Africa | US$91.99 billion | 2025 |
| Low income | US$24.89 billion | 2024 |
Closest to Ethiopia in the 2024 ranking
- Malta — 1st of 29: US$25.03 billion
- Jordan — 2nd of 29: US$9.45 billion
- Tanzania — 4th of 29: US$6.85 billion
- Bahamas, The — 5th of 29: US$5.9 billion
- Mauritius — 6th of 29: US$4.19 billion
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 48 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2024 | 7,608,411,739 |
| 2023 | 7,395,866,095 |
| 2022 | 7,000,872,482 |
| 2021 | 5,565,857,943 |
| 2020 | 4,461,774,238 |
| 2019 | 4,842,257,161 |
| 2018 | 4,919,331,157 |
| 2017 | 3,607,741,789 |
| 2016 | 3,094,746,062 |
| 2015 | 3,087,170,087 |
| 2014 |
Service exports (current US$, BoP) in nearby economies
- Angola — US$117.94 million (2025)
- Benin — US$461.1 million (2023)
- Botswana — US$1.05 billion (2025)
- Burkina Faso — US$630.16 million (2024)
- Burundi — US$148.12 million (2025)
- Cabo Verde — US$939.94 million (2025)
- Cameroon — US$1.81 billion (2024)
- Comoros — US$116.39 million (2023)
- Congo, Dem. Rep. — US$548.13 million (2025)
- Congo, Rep. — US$239.96 million (2021)
- Côte d'Ivoire
More economic policy & debt data for Ethiopia
- GDP (current US$) — US$126.36 billion (2025)
- GDP (current LCU) — 15.09 trillion (2025)
- GDP per capita (current US$) — US$932.73 (2025)
- GDP per capita (current LCU) — 111,421 (2025)
- GNI (current US$) — US$126.14 billion (2025)
- GNI (current LCU) — 15.07 trillion (2025)
- GNI per capita (current LCU) — 111,231 (2025)
- Total reserves, including gold (current US$) — US$3.78 billion (2024)
- Total reserves, excluding gold (current US$) — US$3.78 billion (2024)
- GDP (constant 2015 US$) — US$128.07 billion (2025)
- GDP (constant LCU)
Reading data like this
Questions people ask
- What is Ethiopia's service exports (current US$, BoP)?
- US$7.61 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 8,967% from US$83.91 million in 1977 (10.06% a year on average, compounded). The highest value was US$7.61 billion in 2024 and the lowest US$79.47 million in 1978.
- How does Ethiopia rank?
- 3rd highest of 29 economies with data for 2024.
- Is the latest change in service exports (current US$, BoP) unusual for Ethiopia?
- In 2024, Ethiopia's service exports (current US$, BoP) rose 2.9% on 2023 (from US$7.4 billion to US$7.61 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +12.4% and a typical year strayed about 14.6% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.GSR.NFSV.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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