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Economy of Ethiopia vs Israel compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $611B for Israel, ranking 66/197 and 27/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $418B (68.5% of GDP) in Israel.

Ethiopia vs Israel GDP by year

Ethiopia
Israel
1x
Year GDP, current $
Ethiopia Israel
2025 $126,358,758,448 $610,777,842,874
2024 $149,740,297,952 $542,284,494,491
2023 $135,874,093,203 $513,393,395,492
2022 $123,140,304,665 $525,157,951,213
2021 $109,070,960,371 $489,735,019,666
2020 $98,676,811,062 $410,908,899,711
2019 $91,834,517,114 $399,207,771,082
2018 $83,337,901,072 $375,470,422,244
2017 $76,366,081,767 $357,360,816,857
2016 $68,475,871,210 $321,083,954,798
2015 $62,103,418,182 $302,841,190,258
2014 $55,612,228,234 $314,376,760,832
2013 $47,648,276,605 $298,045,324,736
2012 $43,310,721,414 $263,172,104,091
2011 $31,952,763,089 $267,739,352,609
2010 $29,933,790,334 $239,372,857,534
2009 $32,437,389,116 $213,112,649,594
2008 $27,066,912,635 $220,952,472,408
2007 $19,707,616,773 $184,448,882,452
2006 $15,280,861,835 $158,706,516,002
2005 $12,401,139,454 $147,346,035,831
2004 $10,131,187,261 $139,925,423,025
2003 $8,623,691,300 $131,278,887,815
2002 $7,850,809,498 $125,215,963,105
2001 $8,231,326,016 $134,889,159,474
2000 $8,242,349,618 $136,409,902,632
1999 $7,892,973,532 $121,329,240,042
1998 $8,013,274,132 $120,468,659,246
1997 $8,803,539,988 $119,389,303,067
1996 $8,761,215,548 $115,051,957,577
1995 $7,855,205,207 $105,432,315,611
1994 $7,100,806,754 $90,684,108,118
1993 $9,051,043,870 $79,806,598,120
1992 $10,754,799,037 $79,408,652,426
1991 $13,799,799,324 $70,954,941,681
1990 $12,478,943,895 $61,978,459,022
1989 $11,762,932,007 $52,411,116,588
1988 $11,181,119,718 $52,618,458,014
1987 $10,790,001,558 $43,022,977,765
1986 $10,094,328,898 $35,812,041,620
1985 $9,717,392,687 $28,887,898,639
1984 $8,298,309,581 $30,626,695,891
1983 $8,781,664,427 $32,655,591,256
1982 $7,899,988,841 $29,237,231,967
1981 $7,507,663,567 $26,865,420,933
1980 $7,012,585,454 $25,379,585,067
1979 $6,586,048,398 $22,595,788,591
1978 $6,014,961,435 $17,690,363,444
1977 $5,651,840,585 $18,245,847,441
1976 $4,943,806,093 $15,946,502,888
1975 $4,577,047,854 $16,131,806,290
1974 $4,577,209,966 $17,162,009,924
1973 $4,070,570,550 $11,895,229,181
1972 $3,520,252,938 $9,216,866,299
1971 $3,224,280,835 $7,048,191,876
1970 $3,045,354,455 $7,402,142,195
1969 $2,768,987,372 $6,293,966,357
1968 $2,619,948,865 $5,455,059,532
1967 $2,461,762,003 $4,759,447,914
1966 $2,324,466,416 $4,700,397,692
1965 $2,159,998,591 $4,326,412,951
1964 $1,984,129,186 $4,021,861,430
1963 $1,825,058,828 $3,533,767,055
1962 $1,747,566,307 $2,964,323,618
1961 $1,680,859,514 $3,706,297,903
1960 $1,610,511,694 $3,068,690,949

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ethiopia vs Israel by year

Ethiopia
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $60,337 -
2024 $1,134 $3,288 $54,217 $57,236
2023 $1,056 $3,061 $52,126 $55,171
2022 $982 $2,845 $54,947 $53,619
2021 $893 $2,588 $52,258 $46,162
2020 $830 $2,407 $44,591 $40,955
2019 $793 $2,242 $44,092 $41,325
2018 $740 $2,095 $42,269 $40,190
2017 $696 $2,005 $41,013 $39,471
2016 $642 $1,858 $37,571 $38,189
2015 $598 $1,633 $36,138 $35,871
2014 $550 $1,485 $38,265 $34,816
2013 $484 $1,253 $36,981 $34,827
2012 $452 $1,179 $33,269 $32,484
2011 $343 $1,098 $34,477 $31,314
2010 $331 $996 $31,399 $29,456
2009 $369 $899 $28,470 $28,087
2008 $316 $845 $30,231 $28,084
2007 $237.1 $770 $25,689 $28,307
2006 $189.3 $693 $22,500 $26,385
2005 $158.2 $625 $21,262 $25,701
2004 $133.2 $558 $20,550 $26,078
2003 $116.8 $493 $19,624 $24,702
2002 $109.6 $509 $19,059 $26,101
2001 $118.5 $509 $20,949 $25,806
2000 $122.3 $474 $21,690 $25,766
1999 $120.7 $450 $19,809 $23,415
1998 $126.5 $436 $20,176 $22,927
1997 $143.4 $461 $20,457 $22,279
1996 $147.3 $453 $20,213 $21,672
1995 $136.5 $409 $19,014 $20,642
1994 $127.7 $391 $16,796 $19,478
1993 $168.5 $384 $15,169 $18,218
1992 $207.4 $343 $15,500 $17,553
1991 $277.6 $383 $14,337 $16,486
1990 $262.1 $417 $13,300 $15,721
1989 $256.4 - $11,601 -
1988 $253.2 - $11,846 -
1987 $254.1 - $9,847 -
1986 $246 - $8,330 -
1985 $243.9 - $6,824 -
1984 $214.2 - $7,364 -
1983 $232.7 - $7,955 -
1982 $215.3 - $7,253 -
1981 $212.7 - $6,791 -
1980 $203.7 - $6,545 -
1979 $192.4 - $5,968 -
1978 $178.3 - $4,794 -
1977 $170.4 - $5,050 -
1976 $152 - $4,514 -
1975 $144.3 - $4,669 -
1974 $147.9 - $5,082 -
1973 $134.9 - $3,629 -
1972 $119.8 - $2,928 -
1971 $112.7 - $2,297 -
1970 $109.4 - $2,489 -
1969 $102.3 - $2,188 -
1968 $99.5 - $1,946 -
1967 $96.1 - $1,734 -
1966 $93.2 - $1,788 -
1965 $88.9 - $1,688 -
1964 $83.8 - $1,625 -
1963 $79.2 - $1,485 -
1962 $77.8 - $1,293 -
1961 $76.7 - $1,696 -
1960 $75.3 - $1,452 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Israel ranks 36th at $57,236.

Economic indicators

Ethiopia Israel
Gross domestic product
$126B
2025
$611B
2025
GDP rank
66/197
2025
27/197
2025
GDP growth
9.77%
2024-2025
2.93%
2024-2025
GDP per capita
$933
2025
$60,337
2025
GDP per capita rank
182/197
2025
19/197
2025
GDP per capita, PPP
$3,288
2024
$57,236
2024
GDP per capita PPP rank
175/197
2024
36/197
2024
Government debt
$54.4B
2025
$418B
2025
Debt-to-GDP ratio
43.1%
2025
68.5%
2025
Government debt per person
$402
2025
$41,338
2025
Government debt per person rank
172/185
2025
16/185
2025
Average annual personal income after taxes
$2,030
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
24.8%
2021
27%
2022
Income share by poorest 10%
3.5%
2021
1.8%
2022
Government expenditure, % of GDP
12%
2025
43.6%
2025
Consumer prices inflation
13.2%
2024-2025
3.04%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
3.94%
2021
3%
2025
Population
140722974
10334048

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Ethiopia Israel
Government spending Government debt Government spending Government debt
2025 12% 43.1% 43.6% 68.5%
2024 9.54% 33.4% 43.7% 67.7%
2023 10.8% 38.7% 39.6% 61.3%
2022 12.7% 46.9% 36.9% 60.3%
2021 13.8% 53.8% 40.1% 67.7%
2020 14.5% 53.2% 44.8% 71.1%
2019 15.4% 54.7% 38.7% 59.3%
2018 16.1% 58.4% 39.2% 60.1%
2017 18% 55.3% 38.4% 59.8%
2016 17.9% 51.8% 37.9% 61.7%
2015 17.3% 50.7% 37.6% 62.8%
2014 17.5% 44.2% 38.3% 65.8%
2013 17.8% 44.1% 39.7% 66%
2012 16.6% 39.4% 39.6% 66.9%
2011 18.2% 44.6% 39.3% 67.2%
2010 18.5% 39.4% 39.7% 69%
2009 17.1% 30% 41.4% 72.6%
2008 18.8% 56.1% 41.2% 70.2%
2007 20.5% 55.7% 40.2% 70.8%
2006 22.1% 79.6% 41.6% 77.7%
2005 22.9% 78.2% 42.3% 85.2%
2004 23.1% 103.1% 43% 88.3%
2003 27% 103.7% 45.4% 89.7%
2002 24.9% 107.4% 50% 87.2%
2001 22.4% 97.3% 46.1% 81.1%
2000 25.6% 93.6% 43.4% 77.2%
1999 26.8% 97.8% 53.6% 94.8%
1998 21.1% 89.3% 55% 101%
1997 17.9% 80.3% 52.6% 99.3%
1996 18.8% 132.8% 53.2% 100.3%
1995 17.4% 146.6% 52.8% 102.3%
1994 17.6% 155.2% 41.7% 110.2%
1993 13.8% 141% 42.2% 118.3%
1992 14.2% 87.9% 44.1% 119.6%
1991 17.3% 89.3% 34.4% 123.7%
1990 20.9% 91.6% 46.8% 138.3%
1989 24% 84.7% 47.5% 147.4%
1988 21.6% 84.3% 46.5% 145.4%
1987 18.4% 82.3% 52.8% 143.2%
1986 19.8% 75.7% 55.7% 162.5%
1985 19.7% 67.7% 65.2% 199%
1984 18.8% 65.4% - 284%
1983 21.3% 55.2% - 260.5%
1982 16.4% 48.8% 69.7% -
1981 14.2% 30.6% 71.8% -
1980 13.5% 18.5% 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 68.5% in Israel, ranking 122/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Israel
1x
Year Deficit/surplus, % of GDP
Ethiopia Israel
2025 -1.19% -5.22%
2024 -1.99% -8.07%
2023 -2.6% -5.38%
2022 -4.16% 0.3%
2021 -2.77% -3.37%
2020 -2.76% -10.6%
2019 -2.53% -3.79%
2018 -3.03% -3.58%
2017 -3.24% -1.17%
2016 -2.3% -1.78%
2015 -1.95% -1.2%
2014 -2.58% -2.28%
2013 -1.93% -4.07%
2012 -1.17% -4.46%
2011 -1.61% -3.43%
2010 -1.32% -3.72%
2009 -0.93% -6.53%
2008 -2.88% -3.49%
2007 -3.57% -0.43%
2006 -3.79% -0.94%
2005 -4.12% -2.74%
2004 -2.65% -3.4%
2003 -5.59% -5.03%
2002 -5.76% -8.21%
2001 -3.76% -4.06%
2000 -8.88% -0.8%
1999 -8.54% -6.26%
1998 -3.65% -7.99%
1997 -1.76% -4.84%
1996 -3.93% -5.97%
1995 -2.76% -4.28%
1994 -5.39% -5.62%
1993 -4.12% -5.62%
1992 -4.92% -8%
1991 -6% -7.04%
1990 -6.86% -9.67%
1989 -4.33% -9.03%
1988 -3.48% -7.57%
1987 -3.54% -7.47%
1986 -3.98% -7.51%
1985 -4.71% -14.2%
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -13.8%
1981 -2.19% -23.5%
1980 -2.56% -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

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

In 2025, Ethiopia's government deficit, the difference between spending and revenue, was $1.5B, equivalent to 1.19% of GDP. This compares to Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 46 years, Ethiopia recorded a fiscal deficit in 46 of those years, while Israel ran a deficit in 43 years. On average, Ethiopia posted an annual deficit equal to 3.62% of GDP, compared to deficit of 6.03% of GDP for Israel.

Inflation comparison by year

Inflation
Ethiopia

Israel
1x
Year Consumer prices inflation
Ethiopia Israel
2025 13.2% 3.04%
2024 21% 3.07%
2023 30.2% 4.23%
2022 33.9% 4.41%
2021 26.8% 1.48%
2020 20.4% -0.58%
2019 15.8% 0.82%
2018 13.8% 0.81%
2017 10.7% 0.25%
2016 6.63% -0.54%
2015 9.57% -0.62%
2014 6.89% 0.47%
2013 7.46% 1.59%
2012 23.6% 1.68%
2011 33.2% 3.49%
2010 8.15% 2.7%
2009 8.48% 3.37%
2008 44.4% 4.53%
2007 17.2% 0.47%
2006 12.3% 2.05%
2005 9.97% 1.34%
2004 3.33% -0.42%
2003 13.7% 0.71%
2002 0.68% 5.8%
2001 -8.24% 1.12%
2000 0.66% 1.03%
1999 7.94% 5.19%
1998 0.89% 5.49%
1997 2.4% 8.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.27% in Israel. In 2025, inflation was 13.2% in Ethiopia and 3.04% in Israel.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $102M
Processed food, beverages & tobacco $1.63M
Raw materials & minerals $383K
Textiles & consumer goods $108K
Machinery & equipment $35K
Chemicals & pharma $30K
Wood & paper products $17K
Metals $7K
Animal & marine products $6K
Precious metals & jewellery $4K
Israel
Export category Export value
Machinery & equipment $3.65M
Raw agricultural goods $3.22M
Chemicals & pharma $1.32M
Textiles & consumer goods $672K
Metals $555K
Raw materials & minerals $148K
Wood & paper products $50K
Processed food, beverages & tobacco $28K
Miscellaneous $10K
Animal & marine products $3K

Balance of trade

Ethiopia Israel
Current account balance
-$3.79B
2024
$8.53B
2025
Current account balance ranking
154/190
2024
26/190
2025
Current account balance, % of GDP
-2.53%
2024
+1.4%
2025
Goods imports
$19.6B
2024
$102B
2025
Goods exports
$5.58B
2024
$76.2B
2025
Service imports
$5.51B
2024
$53.2B
2025
Service exports
$7.61B
2024
$92.4B
2025
Imports of goods and services, % of GDP
20.2%
2025
25.4%
2025
Exports of goods and services, % of GDP
13.3%
2025
27.6%
2025

Economic freedom indices

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

Ethiopia Israel
Economic freedom 48.1 68.4
Economic freedom ranking 171/197 47/197
Property rights 22.1 73.1
Government integrity 33.2 66.2
Judicial effectiveness 19.1 68.1
Tax burden 78.6 60.2
Government spending 96.4 52
Fiscal health 84.3 60.8
Business freedom 44.5 72.4
Labor freedom 37.8 56.8
Monetary freedom 53.7 78.2
Trade freedom 57.4 82.8
Investment freedom 30 70
Financial freedom 20 80

Economic freedom comparison by year

Ethiopia
Israel
1x
Year Economic freedom index
Ethiopia Israel
2026 48.1 68.4
2025 48.1 69.9
2024 47.9 70.1
2023 48.3 68.9
2022 49.6 68
2021 51.7 73.8
2020 53.6 74
2019 53.6 72.8
2018 52.8 72.2
2017 52.7 69.7
2016 51.5 70.7
2015 51.5 70.5
2014 50 68.4
2013 49.4 66.9
2012 52 67.8
2011 50.5 68.5
2010 51.2 67.7
2009 53 67.6
2008 52.5 66.3
2007 53.6 64.8
2006 50.9 64.4
2005 51.1 62.6
2004 54.5 61.4
2003 48.8 62.7
2002 49.8 66.9
2001 48.9 66.1
2000 50.2 65.5
1999 46.7 68.3
1998 49.2 68
1997 48.1 62.7
1996 45.9 62
1995 42.6 61.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Israel
Services, % of GDP
36.6%
2025
72.8%
2024
Industry, % of GDP
27.8%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
1.29%
2024
GNI, Atlas method
$151B
2025
$569B
2025
GNI per capita, PPP
$3,620
2025
$58,870
2025
Total reserves including gold
$3.78B
2024
$229B
2025
Total reserves ranking
113/177
2024
18/177
2025
Net foreign direct investment
-$4.02B
2024
-$11.8B
2025
Net inflows of foreign direct investment
$4.02B
2024
$14.8B
2024
Net outflows of foreign direct investment
$0
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
n/a
Poverty at national poverty lines
33.1%
2021
22%
2020
Gross capital formation, % of GDP
20.1%
2025
24.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.