Ethiopia vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Ethiopia ranked 68th with $84.4B. By GDP 5-years average growth and GDP per capita, Norway and Ethiopia ranked 142nd vs 2nd and 5th vs 181st, respectively.

Gross Domestic Product & Income

StatEthiopiaNorway
GDP$84.4B$434.2B
GDP growth, 1 year7.7%1.4%
GDP growth, 5-years average9.3%1.7%
Population105M5.4M
GDP per capita$772$82k
GDP per capita growth4.05%0.58%
Purchasing Power Parity conversion factor9.9710.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.381.25
GDP per capita, PPP adjusted$2.3k$74k
GNI, Atlas method$86.7B$428.4B
GNI per capita$790$81k
GNI, PPP adjusted$219.4B$363B
GNI per capita, PPP adjusted$2k$68k

Financial system and Human development

StatEthiopiaNorway
Income Tax Rate35%47.8%
Corporate Tax Rate30%22%
Inflation, consumer prices13.8%2.8%
Inflation, GDP deflator12.5%5.8%
Unemployment1.8%3.9%
Economic Freedom Index53.673.4
Personal Freedom Index5.449.55
Human Freedom Index5.338.61
Property Rights Index36.584.3
Judical Effectiveness Index45.182.8
Business Freedom Index48.686.1
Fiscal Health Index79.297.3
Labor Freedom Index57.657.4
Investment Freedom Index3575
Financial Freedom Index2060
Trade Freedom Index60.883.8
Monetary Freedom Index62.774.8
Government Spending Index90.825.6
Tax Burden Index77.457.7
Government Integrity Index29.495.6
Corruption Perceptions Index3484
Life expectancy at birth, years65.982.5
Suicide mortality rate, per 100,000 people7.212.2
Mortality caused by road traffic injury, per 100,000 people26.72.7
Intentional homicides, per 100,000 people7.60.5
International tourism, number of arrivals849k5.7M

Government debt & reserves

StatEthiopiaNorway
Central government debt, % of GDP61.1%36.8%
External debt stocks, % of GNI33.4%N/A
External debt stocks$28BN/A
Short-term debt, % of total reserves18.8%N/A
Total debt service, % of exports and primary income20.8%N/A
Adjusted net savings including particulate emission damage, % of GNI9.3%16.9%
Gross savings, % of GDP33.2%35.9%
Gross capital formation, % of GDP34.1%27.3%
Total reserves including gold$4B$63.1B
Foreign direct investment net inflows$3.4B-$17.4B

Exports, imports and economic structure

StatEthiopiaNorway
Exports of goods and services, % of GDP8.4%38.4%
Imports of goods and services, % of GDP22.8%32.6%
Current account balance (balance of payments)-$4.6B$31.4B
Revenue excluding grants, % of GDP9%47.4%
Grants excluding technical cooperation, BoP$2.4BN/A
Personal remittances received$436.3M$644.3M
Industry including construction value added, % of GDP27.3%32%
Agriculture, forestry and fishing value added, % of GDP31.2%1.9%
Charges for the use of intellectual property, payments BoP$26.7M$768.9M
Charges for the use of intellectual property, receipts BoP$7.8M$515.2M
Expense, % of GDP10.8%37.7%
Government Expenditure, % of GDP17.5%49.8%

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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k