Skip to content

Economy of Ethiopia vs Lithuania compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $84.9B for Lithuania, ranking 60/197 and 79/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Ethiopia vs Lithuania GDP by year

Ethiopia
Lithuania
1x
Year GDP, current $
Ethiopia Lithuania
2024 $149,740,297,953 $84,869,215,513
2023 $135,874,093,202 $79,789,877,416
2022 $123,140,304,666 $71,033,884,500
2021 $109,070,960,372 $67,037,321,009
2020 $98,676,811,061 $57,412,038,533
2019 $91,834,517,113 $55,122,066,226
2018 $83,337,901,072 $54,261,795,149
2017 $76,366,081,767 $47,756,764,508
2016 $68,475,871,210 $42,970,749,245
2015 $62,103,418,182 $41,540,954,817
2014 $55,612,228,234 $48,306,546,657
2013 $47,648,276,605 $46,303,660,422
2012 $43,310,721,414 $42,709,372,067
2011 $31,952,763,089 $43,186,501,863
2010 $29,933,790,334 $36,638,128,534
2009 $32,437,389,116 $37,494,380,039
2008 $27,066,912,635 $47,831,254,208
2007 $19,707,616,773 $39,729,151,615
2006 $15,280,861,835 $30,116,192,747
2005 $12,401,139,454 $26,105,207,115
2004 $10,131,187,261 $22,743,164,431
2003 $8,623,691,300 $18,809,197,970
2002 $7,850,809,498 $14,282,292,665
2001 $8,231,326,016 $12,260,761,329
2000 $8,242,349,618 $11,550,695,727
1999 $7,892,973,532 $11,022,095,814
1998 $8,013,274,132 $11,289,161,847
1997 $8,803,539,988 $10,168,271,903
1996 $8,761,215,548 $8,430,207,164
1995 $7,855,205,207 $7,921,210,340
1994 $7,100,806,754 -
1993 $9,051,043,870 -
1992 $10,754,799,037 -
1991 $13,799,799,324 -
1990 $12,478,943,895 -
1989 $11,762,932,007 -
1988 $11,181,119,718 -
1987 $10,790,001,558 -
1986 $10,094,328,898 -
1985 $9,717,392,687 -
1984 $8,298,309,581 -
1983 $8,781,664,427 -
1982 $7,899,988,841 -
1981 $7,507,663,567 -
1980 $7,012,585,454 -
1979 $6,586,048,398 -
1978 $6,014,961,435 -
1977 $5,651,840,585 -
1976 $4,943,806,093 -
1975 $4,577,047,854 -
1974 $4,577,209,966 -
1973 $4,070,570,550 -
1972 $3,520,252,938 -
1971 $3,224,280,835 -
1970 $3,045,354,455 -
1969 $2,768,987,372 -
1968 $2,619,948,865 -
1967 $2,461,762,003 -
1966 $2,324,466,416 -
1965 $2,159,998,591 -
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/lithuania | CC BY

GDP per capita in Ethiopia vs Lithuania by year

Ethiopia
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $29,384 $55,286
2023 $1,056 $3,061 $27,786 $52,348
2022 $982 $2,845 $25,086 $50,936
2021 $893 $2,588 $23,870 $45,874
2020 $830 $2,407 $20,429 $41,263
2019 $793 $2,242 $19,609 $40,564
2018 $740 $2,095 $19,247 $36,492
2017 $696 $2,005 $16,800 $31,305
2016 $642 $1,858 $14,934 $28,699
2015 $598 $1,633 $14,270 $26,949
2014 $550 $1,485 $16,446 $26,275
2013 $484 $1,253 $15,637 $24,890
2012 $452 $1,179 $14,288 $23,275
2011 $343 $1,098 $14,262 $21,558
2010 $331 $996 $11,829 $18,719
2009 $369 $899 $11,854 $17,055
2008 $316 $845 $14,956 $19,410
2007 $237.1 $770 $12,295 $17,969
2006 $189.3 $693 $9,210 $15,522
2005 $158.2 $625 $7,857 $13,951
2004 $133.2 $558 $6,735 $12,605
2003 $116.8 $493 $5,507 $11,660
2002 $109.6 $509 $4,148 $10,296
2001 $118.5 $509 $3,533 $9,399
2000 $122.3 $474 $3,301 $8,475
1999 $120.7 $450 $3,128 $7,918
1998 $126.5 $436 $3,181 $7,846
1997 $143.4 $461 $2,844 $7,167
1996 $147.3 $453 $2,341 $6,479
1995 $136.5 $409 $2,183 $6,023
1994 $127.7 $391 - $5,667
1993 $168.5 $384 - $6,107
1992 $207.4 $343 - $7,087
1991 $277.6 $383 - $8,790
1990 $262.1 $417 - $9,030
1989 $256.4 - - -
1988 $253.2 - - -
1987 $254.1 - - -
1986 $246 - - -
1985 $243.9 - - -
1984 $214.2 - - -
1983 $232.7 - - -
1982 $215.3 - - -
1981 $212.7 - - -
1980 $203.7 - - -
1979 $192.4 - - -
1978 $178.3 - - -
1977 $170.4 - - -
1976 $152 - - -
1975 $144.3 - - -
1974 $147.9 - - -
1973 $134.9 - - -
1972 $119.8 - - -
1971 $112.7 - - -
1970 $109.4 - - -
1969 $102.3 - - -
1968 $99.5 - - -
1967 $96.1 - - -
1966 $93.2 - - -
1965 $88.9 - - -
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/lithuania | CC BY

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Lithuania ranks 39th at $55,286.

Economic indicators

Ethiopia Lithuania
Gross domestic product
$150B
2024
$84.9B
2024
GDP rank
60/197
2024
79/197
2024
GDP growth
7.61%
2023-2024
2.77%
2023-2024
GDP per capita
$1,134
2024
$29,384
2024
GDP per capita rank
171/197
2024
43/197
2024
GDP per capita, PPP
$3,288
2024
$55,286
2024
GDP per capita PPP rank
175/197
2024
39/197
2024
Government debt
$48.9B
2024
$32.4B
2024
Debt-to-GDP ratio
32.7%
2024
38.2%
2024
Government debt per person
$370
2024
$11,232
2024
Government debt per person rank
172/185
2024
49/185
2024
Average annual personal income after taxes
$1,946
2026
$19,946
2026
Income share by richest 10%
24.8%
2021
27.3%
2023
Income share by poorest 10%
3.5%
2021
2.2%
2023
Government expenditure, % of GDP
9.54%
2024
39.5%
2024
Consumer prices inflation
21%
2023-2024
0.72%
2023-2024
Unemployment rate
3.94%
2021
7.1%
2024
Population
139917664
2829914

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Ethiopia Lithuania
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 39.5% 38.2%
2023 10.8% 38.7% 37.4% 37.3%
2022 12.7% 46.9% 36.3% 38.1%
2021 13.8% 53.8% 37.3% 43.3%
2020 14.5% 53.7% 42.4% 45.9%
2019 15.4% 54.7% 34.6% 35.6%
2018 16.1% 58.4% 33.8% 33.3%
2017 18% 55.3% 33.4% 39.3%
2016 17.9% 51.8% 34.5% 40%
2015 17.3% 50.7% 35.2% 42.6%
2014 17.5% 44.2% 35% 40.7%
2013 17.8% 44.1% 35.7% 38.9%
2012 16.6% 39.4% 36.6% 39.9%
2011 18.2% 44.6% 40.1% 37.5%
2010 18.5% 39.4% 43% 36.7%
2009 17.1% 30% 44.8% 27.9%
2008 18.8% 56.1% 38.2% 14.6%
2007 20.5% 55.7% 35.3% 15.9%
2006 22.1% 79.6% 34.4% 17.3%
2005 22.9% 78.2% 34.1% 17.6%
2004 23.1% 103.1% 33.9% 18.6%
2003 27% 103.7% 32.8% 20.4%
2002 24.9% 107.4% 34.4% 22.1%
2001 22.4% 97.3% 36.5% 22.9%
2000 25.6% 93.6% 38.7% 23.5%
1999 25.8% 94.3% 42.4% 28%
1998 20.4% 86% 39.6% 21.7%
1997 17.3% 77.4% 35% -
1996 18.2% 129% 34.4% -
1995 16.9% 142.3% 35.5% -
1994 17.1% 150.7% - -
1993 13.4% 136.9% - -
1992 13.8% 85.4% - -
1991 16.8% 89.3% - -
1990 20.3% 91.6% - -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
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/lithuania | CC BY

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 38.2% in Lithuania, ranking 150/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Lithuania
1x
Year Deficit/surplus, % of GDP
Ethiopia Lithuania
2024 -1.99% -1.28%
2023 -2.6% -0.69%
2022 -4.16% -0.72%
2021 -2.77% -1.15%
2020 -2.76% -6.42%
2019 -2.53% 0.41%
2018 -3.03% 0.52%
2017 -3.24% 0.36%
2016 -2.3% 0.03%
2015 -1.95% -0.77%
2014 -2.58% -1.79%
2013 -1.93% -2.69%
2012 -1.17% -3.15%
2011 -1.61% -5.92%
2010 -1.32% -6.95%
2009 -0.93% -9.09%
2008 -2.88% -3.09%
2007 -3.57% -0.82%
2006 -3.79% -0.27%
2005 -4.12% -0.34%
2004 -2.65% -1.39%
2003 -5.59% -1.26%
2002 -5.76% -1.85%
2001 -3.76% -3.52%
2000 -8.88% -3.18%
1999 -8.23% -7.82%
1998 -3.51% -4.93%
1997 -1.7% -0.76%
1996 -3.81% -3.59%
1995 -2.68% -3.31%
1994 -5.23% -
1993 -4% -
1992 -4.78% -
1991 -5.83% -
1990 -6.66% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
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/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Ethiopia recorded a fiscal deficit in 30 of those years, while Lithuania ran a deficit in 26 years. On average, Ethiopia posted an annual deficit equal to 3.26% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Ethiopia

Lithuania
1x
Year Consumer prices inflation
Ethiopia Lithuania
2024 21% 0.72%
2023 30.2% 9.12%
2022 33.9% 19.7%
2021 26.8% 4.68%
2020 20.4% 1.2%
2019 15.8% 2.33%
2018 13.8% 2.7%
2017 10.7% 3.72%
2016 6.63% 0.91%
2015 9.57% -0.88%
2014 6.89% 0.1%
2013 7.46% 1.05%
2012 23.6% 3.09%
2011 33.2% 4.13%
2010 8.15% 1.32%
2009 8.48% 4.45%
2008 44.4% 10.9%
2007 17.2% 5.74%
2006 12.3% 3.74%
2005 9.97% 2.66%
2004 3.33% 1.16%
2003 13.7% -1.13%
2002 0.68% 0.28%
2001 -8.24% 1.37%
2000 0.66% 0.98%
1999 7.94% 0.73%
1998 0.89% 5.07%
1997 2.4% 8.88%

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

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

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 3.53% in Lithuania. In 2024, inflation was 21% in Ethiopia and 0.72% in Lithuania.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $709K
Textiles & consumer goods $127K
Machinery & equipment $4K
Precious metals & jewellery $1K
Lithuania
Export category Export value
Machinery & equipment $127K
Chemicals & pharma $124K
Processed food, beverages & tobacco $98K
Animal & marine products $57K
Raw materials & minerals $14K
Raw agricultural goods $10K
Textiles & consumer goods $8K
Metals $7K

Balance of trade

Ethiopia Lithuania
Current account balance
-$3.79B
2024
$2.77B
2024
Current account balance ranking
160/190
2024
41/190
2024
Current account balance, % of GDP
-2.53%
2024
+3.27%
2024
Goods imports
$19.6B
2024
$43.8B
2024
Goods exports
$5.58B
2024
$38.9B
2024
Service imports
$5.51B
2024
$14.7B
2024
Service exports
$7.61B
2024
$24.3B
2024
Imports of goods and services, % of GDP
11.9%
2024
68.9%
2024
Exports of goods and services, % of GDP
5.54%
2024
74.1%
2024

Economic freedom indices

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

Ethiopia Lithuania
Economic freedom 48.1 75.3
Economic freedom ranking 171/197 18/197
Property rights 22.1 91.8
Government integrity 33.2 71.4
Judicial effectiveness 19.1 73.2
Tax burden 78.6 76.2
Government spending 96.4 57.3
Fiscal health 84.3 95.8
Business freedom 44.5 84.2
Labor freedom 37.8 58.1
Monetary freedom 53.7 76.7
Trade freedom 57.4 79.4
Investment freedom 30 70
Financial freedom 20 70

Economic freedom comparison by year

Ethiopia
Lithuania
1x
Year Economic freedom index
Ethiopia Lithuania
2026 48.1 75.3
2025 48.1 74.6
2024 47.9 72.9
2023 48.3 72.2
2022 49.6 75.8
2021 51.7 76.9
2020 53.6 76.7
2019 53.6 74.2
2018 52.8 75.3
2017 52.7 75.8
2016 51.5 75.2
2015 51.5 74.7
2014 50 73
2013 49.4 72.1
2012 52 71.5
2011 50.5 71.3
2010 51.2 70.3
2009 53 70
2008 52.5 70.9
2007 53.6 71.5
2006 50.9 71.8
2005 51.1 70.5
2004 54.5 72.4
2003 48.8 69.7
2002 49.8 66.1
2001 48.9 65.5
2000 50.2 61.9
1999 46.7 61.5
1998 49.2 59.4
1997 48.1 57.3
1996 45.9 49.7
1995 42.6 -

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Lithuania
Services, % of GDP
37.5%
2024
63.6%
2024
Industry, % of GDP
25.4%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
2.57%
2024
GNI, Atlas method
$146B
2024
$78.4B
2024
GNI per capita, PPP
$3,280
2024
$53,920
2024
Total reserves including gold
$3.78B
2024
$7.41B
2024
Total reserves ranking
109/177
2024
86/177
2024
Net foreign direct investment
-$4.02B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$4.02B
2024
$4.7B
2024
Net outflows of foreign direct investment
$0
2024
$795M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
n/a
Poverty at national poverty lines
33.1%
2021
20.9%
2021
Gross capital formation, % of GDP
20.6%
2024
20.4%
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/lithuania | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.