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Economy of Ethiopia vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $1.16B for Saint Vincent, ranking 60/197 and 186/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Ethiopia vs Saint Vincent GDP by year

Ethiopia
Saint Vincent
1x
Year GDP, current $
Ethiopia Saint Vincent
2024 $149,740,297,953 $1,157,207,407
2023 $135,874,093,202 $1,072,237,037
2022 $123,140,304,666 $989,188,889
2021 $109,070,960,372 $888,677,778
2020 $98,676,811,061 $864,566,667
2019 $91,834,517,113 $910,481,481
2018 $83,337,901,072 $884,329,630
2017 $76,366,081,767 $844,040,741
2016 $68,475,871,210 $814,303,704
2015 $62,103,418,182 $786,555,556
2014 $55,612,228,234 $770,900,000
2013 $47,648,276,605 $764,781,259
2012 $43,310,721,414 $730,032,593
2011 $31,952,763,089 $713,796,370
2010 $29,933,790,334 $720,447,889
2009 $32,437,389,116 $714,300,259
2008 $27,066,912,635 $732,663,259
2007 $19,707,616,773 $713,596,667
2006 $15,280,861,835 $643,501,148
2005 $12,401,139,454 $579,948,926
2004 $10,131,187,261 $549,900,185
2003 $8,623,691,300 $509,090,889
2002 $7,850,809,498 $487,763,852
2001 $8,231,326,016 $462,072,333
2000 $8,242,349,618 $427,946,037
1999 $7,892,973,532 $390,718,519
1998 $8,013,274,132 $373,618,519
1997 $8,803,539,988 $347,770,370
1996 $8,761,215,548 $331,488,889
1995 $7,855,205,207 $316,007,407
1994 $7,100,806,754 $289,437,037
1993 $9,051,043,870 $286,307,407
1992 $10,754,799,037 $277,955,556
1991 $13,799,799,324 $254,829,630
1990 $12,478,943,895 $240,366,667
1989 $11,762,932,007 $214,745,002
1988 $11,181,119,718 $200,726,713
1987 $10,790,001,558 $175,580,647
1986 $10,094,328,898 $160,846,657
1985 $9,717,392,687 $145,641,705
1984 $8,298,309,581 $135,024,988
1983 $8,781,664,427 $122,255,350
1982 $7,899,988,841 $113,759,203
1981 $7,507,663,567 $102,086,539
1980 $7,012,585,454 $82,340,340
1979 $6,586,048,398 $71,096,360
1978 $6,014,961,435 $60,844,771
1977 $5,651,840,585 $49,353,162
1976 $4,943,806,093 $32,792,845
1975 $4,577,047,854 $33,237,226
1974 $4,577,209,966 $32,923,703
1973 $4,070,570,550 $30,165,081
1972 $3,520,252,938 $27,585,805
1971 $3,224,280,835 $20,051,922
1970 $3,045,354,455 $18,450,000
1969 $2,768,987,372 $16,650,000
1968 $2,619,948,865 $15,350,000
1967 $2,461,762,003 $15,835,106
1966 $2,324,466,416 $16,099,960
1965 $2,159,998,591 $15,108,296
1964 $1,984,129,186 $14,758,296
1963 $1,825,058,828 $13,708,299
1962 $1,747,566,307 $14,524,964
1961 $1,680,859,514 $13,999,965
1960 $1,610,511,694 $13,066,634

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

GeoRank.org/economy/ethiopia/saint-vincent | CC BY

GDP per capita in Ethiopia vs Saint Vincent by year

Ethiopia
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $11,501 $21,272
2023 $1,056 $3,061 $10,582 $19,820
2022 $982 $2,845 $9,694 $18,035
2021 $893 $2,588 $8,641 $16,201
2020 $830 $2,407 $8,351 $15,337
2019 $793 $2,242 $8,741 $15,340
2018 $740 $2,095 $8,428 $14,690
2017 $696 $2,005 $7,988 $13,575
2016 $642 $1,858 $7,657 $13,493
2015 $598 $1,633 $7,354 $12,379
2014 $550 $1,485 $7,169 $12,136
2013 $484 $1,253 $7,072 $11,625
2012 $452 $1,179 $6,714 $10,989
2011 $343 $1,098 $6,528 $10,774
2010 $331 $996 $6,552 $10,561
2009 $369 $899 $6,464 $10,869
2008 $316 $845 $6,599 $10,902
2007 $237.1 $770 $6,398 $10,604
2006 $189.3 $693 $5,745 $9,949
2005 $158.2 $625 $5,157 $8,986
2004 $133.2 $558 $4,873 $8,472
2003 $116.8 $493 $4,500 $7,903
2002 $109.6 $509 $4,303 $7,250
2001 $118.5 $509 $4,071 $6,768
2000 $122.3 $474 $3,769 $6,503
1999 $120.7 $450 $3,447 $6,266
1998 $126.5 $436 $3,301 $6,026
1997 $143.4 $461 $3,074 $5,726
1996 $147.3 $453 $2,930 $5,440
1995 $136.5 $409 $2,795 $5,277
1994 $127.7 $391 $2,563 $4,802
1993 $168.5 $384 $2,540 $4,769
1992 $207.4 $343 $2,471 $4,477
1991 $277.6 $383 $2,271 $4,126
1990 $262.1 $417 $2,150 $3,960
1989 $256.4 - $1,930 -
1988 $253.2 - $1,814 -
1987 $254.1 - $1,596 -
1986 $246 - $1,472 -
1985 $243.9 - $1,342 -
1984 $214.2 - $1,254 -
1983 $232.7 - $1,144 -
1982 $215.3 - $1,074 -
1981 $212.7 - $972 -
1980 $203.7 - $790 -
1979 $192.4 - $687 -
1978 $178.3 - $592 -
1977 $170.4 - $484 -
1976 $152 - $324 -
1975 $144.3 - $331 -
1974 $147.9 - $331 -
1973 $134.9 - $306 -
1972 $119.8 - $282.1 -
1971 $112.7 - $207 -
1970 $109.4 - $192.3 -
1969 $102.3 - $175.2 -
1968 $99.5 - $163.1 -
1967 $96.1 - $170 -
1966 $93.2 - $174.9 -
1965 $88.9 - $166.2 -
1964 $83.8 - $164.4 -
1963 $79.2 - $154.9 -
1962 $77.8 - $166.5 -
1961 $76.7 - $163 -
1960 $75.3 - $154.8 -

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

GeoRank.org/economy/ethiopia/saint-vincent | CC BY

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Ethiopia Saint Vincent
Gross domestic product
$150B
2024
$1.16B
2024
GDP rank
60/197
2024
186/197
2024
GDP growth
7.61%
2023-2024
4.06%
2023-2024
GDP per capita
$1,134
2024
$11,501
2024
GDP per capita rank
171/197
2024
81/197
2024
GDP per capita, PPP
$3,288
2024
$21,272
2024
GDP per capita PPP rank
175/197
2024
92/197
2024
Government debt
$48.9B
2024
$1.07B
2024
Debt-to-GDP ratio
32.7%
2024
92.7%
2024
Government debt per person
$370
2024
$10,659
2024
Government debt per person rank
172/185
2024
56/185
2024
Average annual personal income after taxes
$1,946
2026
$12,573
2026
Income share by richest 10%
24.8%
2021
n/a
Income share by poorest 10%
3.5%
2021
n/a
Government expenditure, % of GDP
9.54%
2024
39.1%
2024
Consumer prices inflation
21%
2023-2024
3.63%
2023-2024
Unemployment rate
3.94%
2021
18.8%
2008
Population
139917664
99237

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Ethiopia Saint Vincent
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 39.1% 92.7%
2023 10.8% 38.7% 38.9% 89.4%
2022 12.7% 46.9% 36.6% 86.3%
2021 13.8% 53.8% 37.2% 88.4%
2020 14.5% 53.7% 32.9% 80.2%
2019 15.4% 54.7% 29.2% 68.2%
2018 16.1% 58.4% 26.3% 69.4%
2017 18% 55.3% 26.6% 69%
2016 17.9% 51.8% 27.1% 79.4%
2015 17.3% 50.7% 27.6% 75.1%
2014 17.5% 44.2% 30.4% 75%
2013 17.8% 44.1% 29.4% 69.9%
2012 16.6% 39.4% 26.5% 68.1%
2011 18.2% 44.6% 29.4% 64%
2010 18.5% 39.4% 31.1% 61.1%
2009 17.1% 30% 31% 57.2%
2008 18.8% 56.1% 28.4% 50.3%
2007 20.5% 55.7% 27.1% 48.5%
2006 22.1% 79.6% 26.1% 44.7%
2005 22.9% 78.2% 26.7% 50.5%
2004 23.1% 103.1% 24.9% 58.6%
2003 27% 103.7% 26% 55.3%
2002 24.9% 107.4% 25.7% 53.2%
2001 22.4% 97.3% 24.4% 52%
2000 25.6% 93.6% 23.8% 54.3%
1999 25.8% 94.3% 25.2% 52.9%
1998 20.4% 86% 25.2% 39.5%
1997 17.3% 77.4% 26% 38.8%
1996 18.2% 129% 20.9% 40.7%
1995 16.9% 142.3% 19.9% 46.8%
1994 17.1% 150.7% 22.4% 52.8%
1993 13.4% 136.9% 22.3% 48.1%
1992 13.8% 85.4% 25.4% 49.6%
1991 16.8% 89.3% 25.5% 52.1%
1990 20.3% 91.6% 23.1% 53.9%
1989 24% 84.7% 27.6% -
1988 21.6% 84.3% 24.8% -
1987 18.4% 82.3% 23.7% -
1986 19.8% 75.7% 22.3% -
1985 19.7% 67.7% 21.4% -
1984 18.8% 65.4% 23.1% -
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/saint-vincent | CC BY

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 92.7% in Saint Vincent, ranking 150/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Ethiopia Saint Vincent
2024 -1.99% -12.9%
2023 -2.6% -12%
2022 -4.16% -9.35%
2021 -2.77% -7.19%
2020 -2.76% -5.92%
2019 -2.53% -3.45%
2018 -3.03% -1.65%
2017 -3.24% -1.56%
2016 -2.3% 0.04%
2015 -1.95% -2.01%
2014 -2.58% -2.82%
2013 -1.93% -5.81%
2012 -1.17% -1.81%
2011 -1.61% -3.5%
2010 -1.32% -3.7%
2009 -0.93% -2.85%
2008 -2.88% -1.3%
2007 -3.57% -3.07%
2006 -3.79% -3.13%
2005 -4.12% -4.3%
2004 -2.65% -2.71%
2003 -5.59% -2.51%
2002 -5.76% -2%
2001 -3.76% -1.6%
2000 -8.88% -0.82%
1999 -8.23% -1.93%
1998 -3.51% -1.81%
1997 -1.7% -2.77%
1996 -3.81% 1.57%
1995 -2.68% 1.08%
1994 -5.23% 0.12%
1993 -4% -1.46%
1992 -4.78% -3.25%
1991 -5.83% -0.47%
1990 -6.66% 1.69%
1989 -4.33% -1.92%
1988 -3.48% 0.59%
1987 -3.54% 1.1%
1986 -3.98% 2.32%
1985 -4.71% 4.23%
1984 -3.69% 2.5%
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/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 41 years, Ethiopia recorded a fiscal deficit in 41 of those years, while Saint Vincent ran a deficit in 31 years. On average, Ethiopia posted an annual deficit equal to 3.61% of GDP, compared to deficit of 2.35% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Ethiopia

Saint Vincent
1x
Year Consumer prices inflation
Ethiopia Saint Vincent
2024 21% 3.63%
2023 30.2% 4.56%
2022 33.9% 5.66%
2021 26.8% 1.57%
2020 20.4% -0.63%
2019 15.8% 0.91%
2018 13.8% 2.32%
2017 10.7% 2.15%
2016 6.63% -0.15%
2015 9.57% -1.73%
2014 6.89% 0.19%
2013 7.46% 0.81%
2012 23.6% 2.6%
2011 33.2% 3.19%
2010 8.15% 0.75%
2009 8.48% 0.42%
2008 44.4% 10.1%
2007 17.2% 7.24%
2006 12.3% 2.74%
2005 9.97% 3.73%
2004 3.33% 2.96%
2003 13.7% 0.21%
2002 0.68% 1.86%
2001 -8.24% 0.9%
2000 0.66% 0.17%
1999 7.94% 1.01%
1998 0.89% 2.14%
1997 2.4% 0.44%

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

GeoRank.org/economy/ethiopia/saint-vincent | CC BY

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.13% in Saint Vincent. In 2024, inflation was 21% in Ethiopia and 3.63% in Saint Vincent.

Top exports between countries

Ethiopia
Export category Export value
Saint Vincent
Export category Export value
Metals $37K

Balance of trade

Ethiopia Saint Vincent
Current account balance
-$3.79B
2024
-$157M
2024
Current account balance ranking
160/190
2024
93/190
2024
Current account balance, % of GDP
-2.53%
2024
-13.5%
2024
Goods imports
$19.6B
2024
$445M
2024
Goods exports
$5.58B
2024
$59.2M
2024
Service imports
$5.51B
2024
$196M
2024
Service exports
$7.61B
2024
$366M
2024
Imports of goods and services, % of GDP
11.9%
2024
n/a
Exports of goods and services, % of GDP
5.54%
2024
15.3%
2025

Economic freedom indices

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

Ethiopia Saint Vincent
Economic freedom 48.1 60
Economic freedom ranking 171/197 98/197
Property rights 22.1 65.2
Government integrity 33.2 63.3
Judicial effectiveness 19.1 76.9
Tax burden 78.6 82
Government spending 96.4 56.2
Fiscal health 84.3 2.8
Business freedom 44.5 67.3
Labor freedom 37.8 60.1
Monetary freedom 53.7 77.3
Trade freedom 57.4 58.8
Investment freedom 30 70
Financial freedom 20 40

Economic freedom comparison by year

Ethiopia
Saint Vincent
1x
Year Economic freedom index
Ethiopia Saint Vincent
2026 48.1 60
2025 48.1 60.1
2024 47.9 59.8
2023 48.3 63.5
2022 49.6 65.7
2021 51.7 66.3
2020 53.6 66.8
2019 53.6 65.8
2018 52.8 67.7
2017 52.7 65.2
2016 51.5 68.8
2015 51.5 68
2014 50 67
2013 49.4 66.7
2012 52 66.5
2011 50.5 66.9
2010 51.2 66.9
2009 53 64.3
2008 52.5 -
2007 53.6 -
2006 50.9 -
2005 51.1 -
2004 54.5 -
2003 48.8 -
2002 49.8 -
2001 48.9 -
2000 50.2 -
1999 46.7 -
1998 49.2 -
1997 48.1 -
1996 45.9 -
1995 42.6 -

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

GeoRank.org/economy/ethiopia/saint-vincent | CC BY

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Saint Vincent
Services, % of GDP
37.5%
2024
66.4%
2024
Industry, % of GDP
25.4%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
3.55%
2024
GNI, Atlas method
$146B
2024
$1.11B
2024
GNI per capita, PPP
$3,280
2024
$21,150
2024
Total reserves including gold
$3.78B
2024
$317M
2024
Total reserves ranking
109/177
2024
167/177
2024
Net foreign direct investment
-$4.02B
2024
-$74M
2024
Net inflows of foreign direct investment
$4.02B
2024
$139M
2024
Net outflows of foreign direct investment
$0
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
3.84%
2024
Poverty at national poverty lines
33.1%
2021
n/a
Gross capital formation, % of GDP
20.6%
2024
n/a

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/saint-vincent | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2020, 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.