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Economy of Ethiopia vs Haiti compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $25.2B for Haiti, ranking 60/197 and 117/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Ethiopia vs Haiti GDP by year

Ethiopia
Haiti
1x
Year GDP, current $
Ethiopia Haiti
2024 $149,740,297,953 $25,224,154,991
2023 $135,874,093,202 $19,850,585,722
2022 $123,140,304,666 $20,253,551,921
2021 $109,070,960,372 $20,944,387,976
2020 $98,676,811,061 $14,508,222,518
2019 $91,834,517,113 $15,016,090,930
2018 $83,337,901,072 $16,403,864,618
2017 $76,366,081,767 $15,093,357,161
2016 $68,475,871,210 $14,069,277,526
2015 $62,103,418,182 $14,849,629,309
2014 $55,612,228,234 $15,146,883,498
2013 $47,648,276,605 $14,902,488,604
2012 $43,310,721,414 $13,708,925,477
2011 $31,952,763,089 $13,008,746,039
2010 $29,933,790,334 $11,859,312,725
2009 $32,437,389,116 $11,597,002,835
2008 $27,066,912,635 $10,432,962,635
2007 $19,707,616,773 $9,228,637,768
2006 $15,280,861,835 $7,638,739,123
2005 $12,401,139,454 $7,030,149,730
2004 $10,131,187,261 $6,087,360,684
2003 $8,623,691,300 $5,071,947,798
2002 $7,850,809,498 $6,205,847,214
2001 $8,231,326,016 $6,331,970,324
2000 $8,242,349,618 $6,813,566,099
1999 $7,892,973,532 $4,153,725,884
1998 $8,013,274,132 $3,723,903,724
1997 $8,803,539,988 $3,338,949,152
1996 $8,761,215,548 $2,907,517,604
1995 $7,855,205,207 $2,813,313,279
1994 $7,100,806,754 $2,167,569,046
1993 $9,051,043,870 $1,878,253,767
1992 $10,754,799,037 $2,257,129,792
1991 $13,799,799,324 $3,473,562,628
1990 $12,478,943,895 $3,096,289,800
1989 $11,762,932,007 $2,736,243,800
1988 $11,181,119,718 $2,613,926,800
1987 $10,790,001,558 $2,047,200,000
1986 $10,094,328,898 $2,318,000,000
1985 $9,717,392,687 $2,009,400,000
1984 $8,298,309,581 $1,816,200,000
1983 $8,781,664,427 $1,623,600,000
1982 $7,899,988,841 $1,474,200,000
1981 $7,507,663,567 $1,479,400,000
1980 $7,012,585,454 $1,383,800,000
1979 $6,586,048,398 $1,080,600,000
1978 $6,014,961,435 $974,200,000
1977 $5,651,840,585 $947,000,000
1976 $4,943,806,093 $879,000,000
1975 $4,577,047,854 $681,400,000
1974 $4,577,209,966 $565,399,322
1973 $4,070,570,550 $466,798,973
1972 $3,520,252,938 $371,998,958
1971 $3,224,280,835 $362,800,000
1970 $3,045,354,455 $331,200,000
1969 $2,768,987,372 $391,820,400
1968 $2,619,948,865 $367,968,800
1967 $2,461,762,003 $369,124,200
1966 $2,324,466,416 $368,948,600
1965 $2,159,998,591 $353,251,800
1964 $1,984,129,186 $325,281,200
1963 $1,825,058,828 $294,883,400
1962 $1,747,566,307 $281,896,800
1961 $1,680,859,514 $271,066,000
1960 $1,610,511,694 $273,187,200

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/haiti | CC BY

GDP per capita in Ethiopia vs Haiti by year

Ethiopia
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $2,143 $3,194
2023 $1,056 $3,061 $1,706 $3,292
2022 $982 $2,845 $1,761 $3,275
2021 $893 $2,588 $1,841 $3,145
2020 $830 $2,407 $1,290 $3,103
2019 $793 $2,242 $1,352 $3,237
2018 $740 $2,095 $1,496 $3,197
2017 $696 $2,005 $1,395 $3,339
2016 $642 $1,858 $1,318 $3,253
2015 $598 $1,633 $1,411 $3,026
2014 $550 $1,485 $1,460 $3,076
2013 $484 $1,253 $1,458 $3,042
2012 $452 $1,179 $1,361 $2,830
2011 $343 $1,098 $1,312 $2,858
2010 $331 $996 $1,210 $2,695
2009 $369 $899 $1,197 $2,855
2008 $316 $845 $1,095 $2,724
2007 $237.1 $770 $985 $2,647
2006 $189.3 $693 $829 $2,504
2005 $158.2 $625 $776 $2,427
2004 $133.2 $558 $683 $2,322
2003 $116.8 $493 $579 $2,331
2002 $109.6 $509 $721 $2,248
2001 $118.5 $509 $749 $2,230
2000 $122.3 $474 $821 $2,229
1999 $120.7 $450 $510 $2,201
1998 $126.5 $436 $465 $2,152
1997 $143.4 $461 $425 $2,122
1996 $147.3 $453 $377 $2,070
1995 $136.5 $409 $372 $1,989
1994 $127.7 $391 $292.1 $1,807
1993 $168.5 $384 $258.1 $2,048
1992 $207.4 $343 $316 $2,158
1991 $277.6 $383 $497 $2,273
1990 $262.1 $417 $452 $2,202
1989 $256.4 - $407 -
1988 $253.2 - $397 -
1987 $254.1 - $318 -
1986 $246 - $367 -
1985 $243.9 - $325 -
1984 $214.2 - $299.2 -
1983 $232.7 - $272.8 -
1982 $215.3 - $252.6 -
1981 $212.7 - $258.5 -
1980 $203.7 - $246.5 -
1979 $192.4 - $196.2 -
1978 $178.3 - $180.3 -
1977 $170.4 - $178.7 -
1976 $152 - $169.1 -
1975 $144.3 - $133.6 -
1974 $147.9 - $113 -
1973 $134.9 - $95.1 -
1972 $119.8 - $77.3 -
1971 $112.7 - $76.8 -
1970 $109.4 - $71.5 -
1969 $102.3 - $86.1 -
1968 $99.5 - $82.4 -
1967 $96.1 - $84.2 -
1966 $93.2 - $85.7 -
1965 $88.9 - $83.6 -
1964 $83.8 - $78.5 -
1963 $79.2 - $72.4 -
1962 $77.8 - $70.4 -
1961 $76.7 - $69 -
1960 $75.3 - $70.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/haiti | CC BY

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Haiti ranks 177th at $3,194.

Economic indicators

Ethiopia Haiti
Gross domestic product
$150B
2024
$25.2B
2024
GDP rank
60/197
2024
117/197
2024
GDP growth
7.61%
2023-2024
-4.17%
2023-2024
GDP per capita
$1,134
2024
$2,143
2024
GDP per capita rank
171/197
2024
153/197
2024
GDP per capita, PPP
$3,288
2024
$3,194
2024
GDP per capita PPP rank
175/197
2024
177/197
2024
Government debt
$48.9B
2024
$3.91B
2024
Debt-to-GDP ratio
32.7%
2024
15.5%
2024
Government debt per person
$370
2024
$332
2024
Government debt per person rank
172/185
2024
176/185
2024
Average annual personal income after taxes
$1,946
2026
$1,896
2026
Income share by richest 10%
24.8%
2021
31.2%
2012
Income share by poorest 10%
3.5%
2021
2.1%
2012
Government expenditure, % of GDP
9.54%
2024
5.25%
2024
Consumer prices inflation
21%
2023-2024
26.9%
2023-2024
Unemployment rate
3.94%
2021
14.1%
2012
Population
139917664
12076663

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Ethiopia Haiti
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 5.25% 15.5%
2023 10.8% 38.7% 6.46% 28.5%
2022 12.7% 46.9% 8.33% 29.5%
2021 13.8% 53.8% 9.42% 28.9%
2020 14.5% 53.7% 9.86% 22.3%
2019 15.4% 54.7% 9.59% 26.5%
2018 16.1% 58.4% 11.3% 24.1%
2017 18% 55.3% 10.2% 22.5%
2016 17.9% 51.8% 10.5% 24.4%
2015 17.3% 50.7% 12.7% 23.9%
2014 17.5% 44.2% 14.6% 21.4%
2013 17.8% 44.1% 15.9% 25.1%
2012 16.6% 39.4% 16.4% 24.1%
2011 18.2% 44.6% 14.1% 22.3%
2010 18.5% 39.4% 12.6% 24.9%
2009 17.1% 30% 11.6% 19.4%
2008 18.8% 56.1% 11.2% 33.9%
2007 20.5% 55.7% 11.1% 24.4%
2006 22.1% 79.6% 9.67% 32.2%
2005 22.9% 78.2% 8.75% 29.7%
2004 23.1% 103.1% 7.38% 30.4%
2003 27% 103.7% 7.83% 37.8%
2002 24.9% 107.4% 6.64% 32%
2001 22.4% 97.3% 6.11% 28.8%
2000 25.6% 93.6% 6.25% 32.5%
1999 25.8% 94.3% 6.91% 24.1%
1998 20.4% 86% 5.4% 24%
1997 17.3% 77.4% 5.46% 26.2%
1996 18.2% 129% - 26.2%
1995 16.9% 142.3% - 26.2%
1994 17.1% 150.7% - 35.3%
1993 13.4% 136.9% - 98%
1992 13.8% 85.4% - 118.9%
1991 16.8% 89.3% - 80.7%
1990 20.3% 91.6% - 85.1%
1989 24% 84.7% - 98.7%
1988 21.6% 84.3% - 90.9%
1987 18.4% 82.3% 32.4% 58.6%
1986 19.8% 75.7% 15.1% 26.5%
1985 19.7% 67.7% 17.4% 25.6%
1984 18.8% 65.4% 16.9% 27.3%
1983 21.3% 55.2% 21.9% 28.9%
1982 16.4% 48.8% 20.7% 25.5%
1981 14.2% 30.6% 17.4% 23.7%
1980 13.5% 18.5% 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/ethiopia/haiti | CC BY

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 15.5% in Haiti, ranking 150/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Haiti
1x
Year Deficit/surplus, % of GDP
Ethiopia Haiti
2024 -1.99% 6.96%
2023 -2.6% 0.77%
2022 -4.16% -1.75%
2021 -2.77% -2.45%
2020 -2.76% -1.96%
2019 -2.53% -1.99%
2018 -3.03% -1.13%
2017 -3.24% -0.32%
2016 -2.3% 0.12%
2015 -1.95% -1.47%
2014 -2.58% -3.64%
2013 -1.93% -3.98%
2012 -1.17% -2.71%
2011 -1.61% -1.43%
2010 -1.32% -1.5%
2009 -0.93% -2%
2008 -2.88% -1.8%
2007 -3.57% -1.55%
2006 -3.79% -0.91%
2005 -4.12% -0.83%
2004 -2.65% -1.34%
2003 -5.59% -2.24%
2002 -5.76% -1.8%
2001 -3.76% -1.55%
2000 -8.88% -1.36%
1999 -8.23% -1.54%
1998 -3.51% 0.21%
1997 -1.7% 0.37%
1996 -3.81% -
1995 -2.68% -
1994 -5.23% -
1993 -4% -
1992 -4.78% -
1991 -5.83% -
1990 -6.66% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -4.94%
1986 -3.98% -1.4%
1985 -4.71% -0.97%
1984 -3.69% -3.52%
1983 -7.59% -5.72%
1982 -3.6% -3.93%
1981 -2.19% -4.38%
1980 -2.56% -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/ethiopia/haiti | CC BY

In 2024, Ethiopia's government deficit, the difference between spending and revenue, was $2.98B, equivalent to 1.99% of GDP. This compares to Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 45 years, Ethiopia recorded a fiscal deficit in 45 of those years, while Haiti ran a deficit in 31 years. On average, Ethiopia posted an annual deficit equal to 3.64% of GDP, compared to deficit of 1.76% of GDP for Haiti.

Inflation comparison by year

Inflation
Ethiopia

Haiti
1x
Year Consumer prices inflation
Ethiopia Haiti
2024 21% 26.9%
2023 30.2% 36.8%
2022 33.9% 34%
2021 26.8% 16.8%
2020 20.4% 22.8%
2019 15.8% 18.7%
2018 13.8% 12.5%
2017 10.7% 10.7%
2016 6.63% 11.5%
2015 9.57% 6.73%
2014 6.89% 3.44%
2013 7.46% 4.77%
2012 23.6% 5.02%
2011 33.2% 6.33%
2010 8.15% 4.83%
2009 8.48% 0.39%
2008 44.4% 15.3%
2007 17.2% 6.56%
2006 12.3% 11.3%
2005 9.97% 14%
2004 3.33% 21%
2003 13.7% 28.7%
2002 0.68% 7.03%
2001 -8.24% 13.3%
2000 0.66% 9.33%
1999 7.94% 3%
1998 0.89% 5.27%
1997 2.4% 20.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ethiopia/haiti | CC BY

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 13.5% in Haiti. In 2024, inflation was 21% in Ethiopia and 26.9% in Haiti.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $84K
Haiti
Export category Export value

Balance of trade

Ethiopia Haiti
Current account balance
-$3.79B
2024
-$145M
2024
Current account balance ranking
160/190
2024
92/190
2024
Current account balance, % of GDP
-2.53%
2024
-0.58%
2024
Goods imports
$19.6B
2024
$4.27B
2024
Goods exports
$5.58B
2024
$767M
2024
Service imports
$5.51B
2024
$518M
2024
Service exports
$7.61B
2024
$96.6M
2024
Imports of goods and services, % of GDP
11.9%
2024
18.8%
2024
Exports of goods and services, % of GDP
5.54%
2024
3.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ethiopia Haiti
Economic freedom 48.1 46.1
Economic freedom ranking 171/197 178/197
Property rights 22.1 6.6
Government integrity 33.2 13
Judicial effectiveness 19.1 17.3
Tax burden 78.6 81.7
Government spending 96.4 98.7
Fiscal health 84.3 99.5
Business freedom 44.5 30.7
Labor freedom 37.8 54.7
Monetary freedom 53.7 45.1
Trade freedom 57.4 66.4
Investment freedom 30 20
Financial freedom 20 20

Economic freedom comparison by year

Ethiopia
Haiti
1x
Year Economic freedom index
Ethiopia Haiti
2026 48.1 46.1
2025 48.1 46.1
2024 47.9 48.2
2023 48.3 49.9
2022 49.6 50
2021 51.7 50.8
2020 53.6 52.3
2019 53.6 52.7
2018 52.8 55.8
2017 52.7 49.6
2016 51.5 51.3
2015 51.5 51.3
2014 50 48.9
2013 49.4 48.1
2012 52 50.7
2011 50.5 52.1
2010 51.2 50.8
2009 53 50.5
2008 52.5 49
2007 53.6 51.4
2006 50.9 49.2
2005 51.1 48.4
2004 54.5 51.2
2003 48.8 50.6
2002 49.8 47.9
2001 48.9 47.1
2000 50.2 45.7
1999 46.7 45.9
1998 49.2 45.7
1997 48.1 45.8
1996 45.9 41
1995 42.6 43

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ethiopia/haiti | CC BY

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Haiti
Services, % of GDP
37.5%
2024
48.3%
2024
Industry, % of GDP
25.4%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
15.9%
2024
GNI, Atlas method
$146B
2024
$20.7B
2024
GNI per capita, PPP
$3,280
2024
$3,190
2024
Total reserves including gold
$3.78B
2024
$2.72B
2024
Total reserves ranking
109/177
2024
121/177
2024
Net foreign direct investment
-$4.02B
2024
-$20M
2024
Net inflows of foreign direct investment
$4.02B
2024
$20M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
2.15%
2024
Poverty at national poverty lines
33.1%
2021
58.5%
2012
Gross capital formation, % of GDP
20.6%
2024
9.94%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/ethiopia/haiti | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.