Ethiopia vs Ghana: Economic Indicators Comparison

Ethiopia with a GDP of $84.4B ranked the 68th largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, Ethiopia and Ghana ranked 2nd vs 46th and 181st vs 142nd, respectively.

Gross Domestic Product & Income

StatEthiopiaGhana
GDP$84.4B$65.6B
GDP growth, 1 year7.7%5.6%
GDP growth, 5-years average9.3%4.5%
Population105M26.9M
GDP per capita$772$2.2k
GDP per capita growth4.05%3.96%
Purchasing Power Parity conversion factor9.972.13
Price level ratio of PPP conversion factor GDP to market exchange rate0.380.46
GDP per capita, PPP adjusted$2.3k$6.5k
GNI, Atlas method$86.7B$63.4B
GNI per capita$790$2.1k
GNI, PPP adjusted$219.4B$138.5B
GNI per capita, PPP adjusted$2k$4.7k

Financial system and Human development

StatEthiopiaGhana
Income Tax Rate35%35%
Corporate Tax Rate30%25%
Inflation, consumer prices13.8%9.8%
Inflation, GDP deflator12.5%10.2%
Unemployment1.8%6.7%
Economic Freedom Index53.659.4
Personal Freedom Index5.447.64
Human Freedom Index5.337.21
Property Rights Index36.552.5
Judical Effectiveness Index45.146.1
Business Freedom Index48.658.4
Fiscal Health Index79.235.6
Labor Freedom Index57.659.3
Investment Freedom Index3570
Financial Freedom Index2060
Trade Freedom Index60.863.8
Monetary Freedom Index62.768.9
Government Spending Index90.888.1
Tax Burden Index77.478.4
Government Integrity Index29.432.2
Corruption Perceptions Index3441
Life expectancy at birth, years65.963.5
Suicide mortality rate, per 100,000 people7.25.4
Mortality caused by road traffic injury, per 100,000 people26.724.9
Intentional homicides, per 100,000 people7.62.1
International tourism, number of arrivals849k897k

Government debt & reserves

StatEthiopiaGhana
Central government debt, % of GDP61.1%59.6%
External debt stocks, % of GNI33.4%36.3%
External debt stocks$28B$23.3B
Short-term debt, % of total reserves18.8%57.7%
Total debt service, % of exports and primary income20.8%9.4%
Adjusted net savings including particulate emission damage, % of GNI9.3%-8.4%
Gross savings, % of GDP33.2%21%
Gross capital formation, % of GDP34.1%14.9%
Total reserves including gold$4B$6.3B
Foreign direct investment net inflows$3.4B$3B

Exports, imports and economic structure

StatEthiopiaGhana
Exports of goods and services, % of GDP8.4%35.3%
Imports of goods and services, % of GDP22.8%36.4%
Current account balance (balance of payments)-$4.6B-$2B
Revenue excluding grants, % of GDP9%27.2%
Grants excluding technical cooperation, BoP$2.4B$713.6M
Personal remittances received$436.3M$3.5B
Industry including construction value added, % of GDP27.3%31.5%
Agriculture, forestry and fishing value added, % of GDP31.2%18.3%
Charges for the use of intellectual property, payments BoP$26.7M$700k
Charges for the use of intellectual property, receipts BoP$7.8MN/A
Expense, % of GDP10.8%30.5%
Government Expenditure, % of GDP17.5%20%

Compare with countries close by GDP per capita

Ethiopia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Ghana vs

CountryGDP
per capita
Population
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M