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Economy of Ethiopia vs Jordan compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $53.4B for Jordan, ranking 60/197 and 90/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Ethiopia vs Jordan GDP by year

Ethiopia
Jordan
1x
Year GDP, current $
Ethiopia Jordan
2024 $149,740,297,953 $53,352,289,577
2023 $135,874,093,202 $51,088,476,338
2022 $123,140,304,666 $48,764,963,380
2021 $109,070,960,372 $46,296,100,141
2020 $98,676,811,061 $43,700,383,099
2019 $91,834,517,113 $44,503,006,338
2018 $83,337,901,072 $43,370,860,704
2017 $76,366,081,767 $41,608,435,915
2016 $68,475,871,210 $39,892,551,127
2015 $62,103,418,182 $38,587,017,887
2014 $55,612,228,234 $36,847,643,521
2013 $47,648,276,605 $34,454,440,141
2012 $43,310,721,414 $31,634,561,690
2011 $31,952,763,089 $29,524,149,155
2010 $29,933,790,334 $27,133,804,225
2009 $32,437,389,116 $24,537,876,056
2008 $27,066,912,635 $22,658,715,989
2007 $19,707,616,773 $17,110,437,236
2006 $15,280,861,835 $15,056,981,664
2005 $12,401,139,454 $12,588,998,590
2004 $10,131,187,261 $11,411,706,629
2003 $8,623,691,300 $10,195,627,645
2002 $7,850,809,498 $9,582,510,578
2001 $8,231,326,016 $8,975,814,653
2000 $8,242,349,618 $8,460,789,845
1999 $7,892,973,532 $8,149,929,478
1998 $8,013,274,132 $7,912,270,804
1997 $8,803,539,988 $7,245,839,210
1996 $8,761,215,548 $6,927,503,526
1995 $7,855,205,207 $6,727,597,032
1994 $7,100,806,754 $6,236,295,978
1993 $9,051,043,870 $5,606,400,222
1992 $10,754,799,037 $5,310,833,194
1991 $13,799,799,324 $4,344,467,193
1990 $12,478,943,895 $4,160,087,508
1989 $11,762,932,007 $4,221,373,674
1988 $11,181,119,718 $6,277,451,829
1987 $10,790,001,558 $6,756,209,762
1986 $10,094,328,898 $6,402,050,485
1985 $9,717,392,687 $4,993,601,520
1984 $8,298,309,581 $4,967,162,160
1983 $8,781,664,427 $4,920,692,191
1982 $7,899,988,841 $4,681,240,993
1981 $7,507,663,567 $4,383,944,703
1980 $7,012,585,454 $3,910,044,474
1979 $6,586,048,398 $3,271,368,781
1978 $6,014,961,435 $2,602,208,589
1977 $5,651,840,585 $2,096,778,602
1976 $4,943,806,093 $1,708,521,219
1975 $4,577,047,854 $1,363,073,498
1974 $4,577,209,966 $1,197,483,949
1973 $4,070,570,550 $943,783,840
1972 $3,520,252,938 $788,479,685
1971 $3,224,280,835 $678,159,729
1970 $3,045,354,455 $639,519,744
1969 $2,768,987,372 $698,879,720
1968 $2,619,948,865 $561,119,776
1967 $2,461,762,003 $631,679,747
1966 $2,324,466,416 $657,999,737
1965 $2,159,998,591 $599,759,760
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

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

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

GDP per capita in Ethiopia vs Jordan by year

Ethiopia
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $4,618 $10,821
2023 $1,056 $3,061 $4,466 $10,412
2022 $982 $2,845 $4,332 $9,927
2021 $893 $2,588 $4,183 $9,182
2020 $830 $2,407 $4,022 $9,579
2019 $793 $2,242 $4,170 $9,429
2018 $740 $2,095 $4,145 $9,042
2017 $696 $2,005 $4,066 $9,266
2016 $642 $1,858 $3,987 $8,748
2015 $598 $1,633 $4,043 $8,967
2014 $550 $1,485 $4,191 $9,145
2013 $484 $1,253 $4,311 $9,817
2012 $452 $1,179 $4,170 $9,739
2011 $343 $1,098 $3,947 $9,632
2010 $331 $996 $3,718 $9,417
2009 $369 $899 $3,436 $9,291
2008 $316 $845 $3,242 $8,983
2007 $237.1 $770 $2,506 $8,416
2006 $189.3 $693 $2,343 $8,046
2005 $158.2 $625 $2,088 $7,697
2004 $133.2 $558 $1,940 $7,074
2003 $116.8 $493 $1,776 $6,500
2002 $109.6 $509 $1,706 $6,256
2001 $118.5 $509 $1,632 $5,948
2000 $122.3 $474 $1,571 $5,641
1999 $120.7 $450 $1,545 $5,402
1998 $126.5 $436 $1,532 $5,264
1997 $143.4 $461 $1,436 $5,171
1996 $147.3 $453 $1,410 $5,055
1995 $136.5 $409 $1,416 $5,027
1994 $127.7 $391 $1,367 $4,830
1993 $168.5 $384 $1,289 $4,726
1992 $207.4 $343 $1,287 $4,654
1991 $277.6 $383 $1,110 $4,195
1990 $262.1 $417 $1,149 $4,317
1989 $256.4 - $1,260 -
1988 $253.2 - $1,966 -
1987 $254.1 - $2,217 -
1986 $246 - $2,200 -
1985 $243.9 - $1,797 -
1984 $214.2 - $1,871 -
1983 $232.7 - $1,939 -
1982 $215.3 - $1,929 -
1981 $212.7 - $1,885 -
1980 $203.7 - $1,750 -
1979 $192.4 - $1,519 -
1978 $178.3 - $1,249 -
1977 $170.4 - $1,039 -
1976 $152 - $873 -
1975 $144.3 - $718 -
1974 $147.9 - $651 -
1973 $134.9 - $531 -
1972 $119.8 - $460 -
1971 $112.7 - $412 -
1970 $109.4 - $409 -
1969 $102.3 - $474 -
1968 $99.5 - $409 -
1967 $96.1 - $497 -
1966 $93.2 - $558 -
1965 $88.9 - $546 -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

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

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

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Jordan ranks 131st at $10,821.

Economic indicators

Ethiopia Jordan
Gross domestic product
$150B
2024
$53.4B
2024
GDP rank
60/197
2024
90/197
2024
GDP growth
7.61%
2023-2024
2.49%
2023-2024
GDP per capita
$1,134
2024
$4,618
2024
GDP per capita rank
171/197
2024
123/197
2024
GDP per capita, PPP
$3,288
2024
$10,821
2024
GDP per capita PPP rank
175/197
2024
131/197
2024
Government debt
$48.9B
2024
$48.1B
2024
Debt-to-GDP ratio
32.7%
2024
90.2%
2024
Government debt per person
$370
2024
$4,167
2024
Government debt per person rank
172/185
2024
91/185
2024
Average annual personal income after taxes
$1,946
2026
$4,787
2026
Market capitalization of domestic companies n/a
$24.9B
2024
Income share by richest 10%
24.8%
2021
27.4%
2010
Income share by poorest 10%
3.5%
2021
3.5%
2010
Government expenditure, % of GDP
9.54%
2024
33%
2024
Consumer prices inflation
21%
2023-2024
1.56%
2023-2024
Central bank interest rate n/a
5.75%
2025
Unemployment rate
3.94%
2021
16.6%
2023
Population
139917664
11555022

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Ethiopia Jordan
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 33% 90.2%
2023 10.8% 38.7% 32.9% 89%
2022 12.7% 46.9% 33.3% 88.6%
2021 13.8% 53.8% 34.1% 87.6%
2020 14.5% 53.7% 33.7% 104.5%
2019 15.4% 54.7% 32.4% 92.9%
2018 16.1% 58.4% 32% 87.4%
2017 18% 55.3% 29.6% 86.1%
2016 17.9% 51.8% 29.8% 85%
2015 17.3% 50.7% 31.7% 83.4%
2014 17.5% 44.2% 39.2% 78.6%
2013 17.8% 44.1% 36.4% 78.1%
2012 16.6% 39.4% 32.2% 73.8%
2011 18.2% 44.6% 27.4% 63.9%
2010 18.5% 39.4% 29.8% 59.5%
2009 17.1% 30% 35.9% 55.5%
2008 18.8% 56.1% 35.8% 53.2%
2007 20.5% 55.7% 37.7% 64.4%
2006 22.1% 79.6% 34.7% 65.6%
2005 22.9% 78.2% 37.3% 80.5%
2004 23.1% 103.1% 36.6% 86%
2003 27% 103.7% 36% 94.6%
2002 24.9% 107.4% 32.9% 91.3%
2001 22.4% 97.3% 32.1% 89.7%
2000 25.6% 93.6% 33.1% 85.6%
1999 25.8% 94.3% 32.7% 98.1%
1998 20.4% 86% 34.9% 99.8%
1997 17.3% 77.4% 33.9% 98.1%
1996 18.2% 129% 36.2% 104.9%
1995 16.9% 142.3% 35.5% 106.1%
1994 17.1% 150.7% 34.3% 116.2%
1993 13.4% 136.9% 36.4% 126.6%
1992 13.8% 85.4% 35.5% 139.6%
1991 16.8% 89.3% 44.9% 187%
1990 20.3% 91.6% 44% 204.8%
1989 24% 84.7% 42.5% 195.4%
1988 21.6% 84.3% 44.3% 129.3%
1987 18.4% 82.3% 42.1% 101.9%
1986 19.8% 75.7% 33.8% 84.3%
1985 19.7% 67.7% 42.4% 85.2%
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 90.2% in Jordan, ranking 150/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Jordan
1x
Year Deficit/surplus, % of GDP
Ethiopia Jordan
2024 -1.99% -7.33%
2023 -2.6% -6.89%
2022 -4.16% -6.8%
2021 -2.77% -8.45%
2020 -2.76% -10.1%
2019 -2.53% -7.19%
2018 -3.03% -5.78%
2017 -3.24% -3.61%
2016 -2.3% -3.71%
2015 -1.95% -7.1%
2014 -2.58% -15.5%
2013 -1.93% -16.1%
2012 -1.17% -13.8%
2011 -1.61% -5.61%
2010 -1.32% -5.43%
2009 -0.93% -8.66%
2008 -2.88% -5.38%
2007 -3.57% -5.45%
2006 -3.79% -3.82%
2005 -4.12% -5.36%
2004 -2.65% -1.09%
2003 -5.59% -2.52%
2002 -5.76% -4.44%
2001 -3.76% -2.77%
2000 -8.88% -3.99%
1999 -8.23% -2.69%
1998 -3.51% -5.4%
1997 -1.7% -2.97%
1996 -3.81% -3.25%
1995 -2.68% -1.72%
1994 -5.23% -2.3%
1993 -4% -2.14%
1992 -4.78% 1.87%
1991 -5.83% -10.2%
1990 -6.66% -7.45%
1989 -4.33% -6.89%
1988 -3.48% -13%
1987 -3.54% -13.4%
1986 -3.98% -2.39%
1985 -4.71% -6.9%
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/ethiopia/jordan | 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 Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 40 years, Ethiopia recorded a fiscal deficit in 40 of those years, while Jordan ran a deficit in 39 years. On average, Ethiopia posted an annual deficit equal to 3.61% of GDP, compared to deficit of 6.14% of GDP for Jordan.

Inflation comparison by year

Inflation
Ethiopia

Jordan
1x
Year Consumer prices inflation
Ethiopia Jordan
2024 21% 1.56%
2023 30.2% 2.08%
2022 33.9% 4.23%
2021 26.8% 1.35%
2020 20.4% 0.33%
2019 15.8% 0.76%
2018 13.8% 4.46%
2017 10.7% 3.32%
2016 6.63% -0.78%
2015 9.57% -0.88%
2014 6.89% 2.9%
2013 7.46% 4.82%
2012 23.6% 4.52%
2011 33.2% 4.16%
2010 8.15% 4.85%
2009 8.48% -0.74%
2008 44.4% 14%
2007 17.2% 4.74%
2006 12.3% 6.25%
2005 9.97% 3.49%
2004 3.33% 3.36%
2003 13.7% 1.63%
2002 0.68% 1.83%
2001 -8.24% 1.77%
2000 0.66% 0.67%
1999 7.94% 0.61%
1998 0.89% 3.09%
1997 2.4% 3.04%

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

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

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.91% in Jordan. In 2024, inflation was 21% in Ethiopia and 1.56% in Jordan.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $39.7M
Metals $235K
Raw materials & minerals $120K
Machinery & equipment $26K
Wood & paper products $11K
Textiles & consumer goods $6K
Chemicals & pharma $4K
Miscellaneous $1K
Precious metals & jewellery $1K
Jordan
Export category Export value
Chemicals & pharma $1.81M
Raw materials & minerals $272K
Miscellaneous $268K
Machinery & equipment $237K
Textiles & consumer goods $196K
Processed food, beverages & tobacco $124K
Wood & paper products $44K
Animal & marine products $40K
Metals $35K
Raw agricultural goods $20K

Balance of trade

Ethiopia Jordan
Current account balance
-$3.79B
2024
-$3.13B
2024
Current account balance ranking
160/190
2024
158/190
2024
Current account balance, % of GDP
-2.53%
2024
-5.86%
2024
Goods imports
$19.6B
2024
$23.9B
2024
Goods exports
$5.58B
2024
$13.3B
2024
Service imports
$5.51B
2024
$6.5B
2024
Service exports
$7.61B
2024
$9.45B
2024
Imports of goods and services, % of GDP
11.9%
2024
57.1%
2024
Exports of goods and services, % of GDP
5.54%
2024
42.6%
2024

Economic freedom indices

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

Ethiopia Jordan
Economic freedom 48.1 59.3
Economic freedom ranking 171/197 104/197
Property rights 22.1 52.3
Government integrity 33.2 51
Judicial effectiveness 19.1 44
Tax burden 78.6 84.1
Government spending 96.4 67.2
Fiscal health 84.3 5.2
Business freedom 44.5 62.7
Labor freedom 37.8 51.3
Monetary freedom 53.7 81.2
Trade freedom 57.4 82
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

Ethiopia
Jordan
1x
Year Economic freedom index
Ethiopia Jordan
2026 48.1 59.3
2025 48.1 59.4
2024 47.9 58.3
2023 48.3 58.8
2022 49.6 60.1
2021 51.7 64.6
2020 53.6 66
2019 53.6 66.5
2018 52.8 64.9
2017 52.7 66.7
2016 51.5 68.3
2015 51.5 69.3
2014 50 69.2
2013 49.4 70.4
2012 52 69.9
2011 50.5 68.9
2010 51.2 66.1
2009 53 65.4
2008 52.5 64.1
2007 53.6 64.5
2006 50.9 63.7
2005 51.1 66.7
2004 54.5 66.1
2003 48.8 65.3
2002 49.8 66.2
2001 48.9 68.3
2000 50.2 67.5
1999 46.7 67.4
1998 49.2 66.8
1997 48.1 63.6
1996 45.9 60.8
1995 42.6 62.7

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Jordan
Services, % of GDP
37.5%
2024
60.4%
2024
Industry, % of GDP
25.4%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
5.07%
2024
GNI, Atlas method
$146B
2024
$51.2B
2024
GNI per capita, PPP
$3,280
2024
$10,570
2024
Total reserves including gold
$3.78B
2024
$21.9B
2024
Total reserves ranking
109/177
2024
60/177
2024
Net foreign direct investment
-$4.02B
2024
-$1.58B
2024
Net inflows of foreign direct investment
$4.02B
2024
$1.63B
2024
Net outflows of foreign direct investment
$0
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
8.64%
2024
Poverty at national poverty lines
33.1%
2021
14.2%
2020
Gross capital formation, % of GDP
20.6%
2024
25.2%
2021

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/jordan | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.