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Economy of Ethiopia vs Ukraine compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $214B for Ukraine, ranking 66/197 and 57/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Ethiopia vs Ukraine GDP by year

Ethiopia
Ukraine
1x
Year GDP, current $
Ethiopia Ukraine
2025 $126,358,758,448 $214,233,312,784
2024 $149,740,297,952 $190,833,835,445
2023 $135,874,093,203 $181,221,517,869
2022 $123,140,304,665 $161,989,520,721
2021 $109,070,960,371 $199,765,859,571
2020 $98,676,811,062 $156,617,722,013
2019 $91,834,517,114 $153,883,047,510
2018 $83,337,901,072 $130,891,088,294
2017 $76,366,081,767 $112,090,505,082
2016 $68,475,871,210 $93,355,869,404
2015 $62,103,418,182 $91,030,967,789
2014 $55,612,228,234 $133,503,871,862
2013 $47,648,276,605 $190,498,811,460
2012 $43,310,721,414 $182,591,753,828
2011 $31,952,763,089 $169,333,835,202
2010 $29,933,790,334 $141,209,170,427
2009 $32,437,389,116 $121,552,153,444
2008 $27,066,912,635 $188,110,390,660
2007 $19,707,616,773 $148,733,861,386
2006 $15,280,861,835 $111,884,752,475
2005 $12,401,139,454 $89,238,865,119
2004 $10,131,187,261 $67,220,154,164
2003 $8,623,691,300 $52,010,355,753
2002 $7,850,809,498 $43,956,163,612
2001 $8,231,326,016 $39,309,580,983
2000 $8,242,349,618 $32,375,083,935
1999 $7,892,973,532 $31,580,639,554
1998 $8,013,274,132 $41,882,523,345
1997 $8,803,539,988 $50,151,531,592
1996 $8,761,215,548 $44,558,831,005
1995 $7,855,205,207 $48,213,856,469
1994 $7,100,806,754 $52,549,580,265
1993 $9,051,043,870 $65,648,559,903
1992 $10,754,799,037 $73,945,908,384
1991 $13,799,799,324 $77,350,733,982
1990 $12,478,943,895 $81,393,558,423
1989 $11,762,932,007 $82,709,161,099
1988 $11,181,119,718 $74,703,517,903
1987 $10,790,001,558 $64,087,694,038
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ethiopia vs Ukraine by year

Ethiopia
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $5,496 -
2024 $1,134 $3,288 $5,040 $18,549
2023 $1,056 $3,061 $4,803 $17,665
2022 $982 $2,845 $3,946 $14,770
2021 $893 $2,588 $4,510 $17,846
2020 $830 $2,407 $3,505 $15,541
2019 $793 $2,242 $3,423 $14,217
2018 $740 $2,095 $2,895 $12,555
2017 $696 $2,005 $2,467 $11,536
2016 $642 $1,858 $2,047 $10,865
2015 $598 $1,633 $1,988 $9,922
2014 $550 $1,485 $2,904 $10,494
2013 $484 $1,253 $4,130 $10,904
2012 $452 $1,179 $3,951 $9,552
2011 $343 $1,098 $3,657 $9,127
2010 $331 $996 $3,040 $8,453
2009 $369 $899 $2,607 $7,995
2008 $316 $845 $4,018 $9,324
2007 $237.1 $770 $3,160 $8,900
2006 $189.3 $693 $2,366 $7,971
2005 $158.2 $625 $1,875 $7,142
2004 $133.2 $558 $1,401 $6,663
2003 $116.8 $493 $1,076 $5,764
2002 $109.6 $509 $903 $5,123
2001 $118.5 $509 $800 $4,747
2000 $122.3 $474 $653 $4,228
1999 $120.7 $450 $632 $3,871
1998 $126.5 $436 $831 $3,794
1997 $143.4 $461 $987 $3,794
1996 $147.3 $453 $870 $3,812
1995 $136.5 $409 $933 $4,124
1994 $127.7 $391 $1,009 $4,565
1993 $168.5 $384 $1,254 $5,766
1992 $207.4 $343 $1,413 $6,568
1991 $277.6 $383 $1,483 $7,148
1990 $262.1 $417 $1,564 $7,591
1989 $256.4 - $1,593 -
1988 $253.2 - $1,444 -
1987 $254.1 - $1,244 -
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 (1960–2025, retrieved 2026-07-08).

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Ukraine ranks 101st at $18,549.

Economic indicators

Ethiopia Ukraine
Gross domestic product
$126B
2025
$214B
2025
GDP rank
66/197
2025
57/197
2025
GDP growth
9.77%
2024-2025
1.82%
2024-2025
GDP per capita
$933
2025
$5,496
2025
GDP per capita rank
182/197
2025
118/197
2025
GDP per capita, PPP
$3,288
2024
$18,549
2024
GDP per capita PPP rank
175/197
2024
101/197
2024
Government debt
$54.4B
2025
$233B
2025
Debt-to-GDP ratio
43.1%
2025
108.7%
2025
Government debt per person
$402
2025
$5,977
2025
Government debt per person rank
172/185
2025
76/185
2025
Average annual personal income after taxes
$2,030
2026
$5,580
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2026
Income share by richest 10%
24.8%
2021
21.7%
2020
Income share by poorest 10%
3.5%
2021
4.3%
2020
Government expenditure, % of GDP
12%
2025
74.5%
2025
Consumer prices inflation
13.2%
2024-2025
12.7%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
3.94%
2021
9.83%
2021
Population
140722974
40408451

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Ethiopia Ukraine
Government spending Government debt Government spending Government debt
2025 12% 43.1% 74.5% 108.7%
2024 9.54% 33.4% 71.2% 89.7%
2023 10.8% 38.7% 73.4% 81.2%
2022 12.7% 46.9% 65.4% 77.7%
2021 13.8% 53.8% 40.5% 48.9%
2020 14.5% 53.2% 45.6% 60.5%
2019 15.4% 54.7% 41.5% 50.5%
2018 16.1% 58.4% 41.9% 60.4%
2017 18% 55.3% 41.7% 71.6%
2016 17.9% 51.8% 40.8% 79.5%
2015 17.3% 50.7% 43% 79.3%
2014 17.5% 44.2% 44.8% 70.3%
2013 17.8% 44.1% 46.3% 39%
2012 16.6% 39.4% 47.1% 36.1%
2011 18.2% 44.6% 44% 35.5%
2010 18.5% 39.4% 47.3% 39.1%
2009 17.1% 30% 46.8% 34.1%
2008 18.8% 56.1% 45.4% 19.7%
2007 20.5% 55.7% 42.1% 11.8%
2006 22.1% 79.6% 42.9% 14.3%
2005 22.9% 78.2% 42.6% 17.1%
2004 23.1% 103.1% 40.1% 23.9%
2003 27% 103.7% 37.5% 28.3%
2002 24.9% 107.4% 36.5% 32.3%
2001 22.4% 97.3% 35.3% 35.3%
2000 25.6% 93.6% 35.4% 43.7%
1999 26.8% 97.8% 26.7% 61%
1998 21.1% 89.3% 38.4% 48.1%
1997 17.9% 80.3% 42.2% 29.9%
1996 18.8% 132.8% 38.2% 24.4%
1995 17.4% 146.6% 42.7% 30.2%
1994 17.6% 155.2% - -
1993 13.8% 141% - -
1992 14.2% 87.9% - -
1991 17.3% 89.3% - -
1990 20.9% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1996, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 108.7% in Ukraine, ranking 122/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Ukraine
1x
Year Deficit/surplus, % of GDP
Ethiopia Ukraine
2025 -1.19% -23.3%
2024 -1.99% -17.2%
2023 -2.6% -19.3%
2022 -4.16% -15.6%
2021 -2.77% -3.97%
2020 -2.76% -5.92%
2019 -2.53% -2.08%
2018 -3.03% -2.12%
2017 -3.24% -2.36%
2016 -2.3% -2.46%
2015 -1.95% -1.16%
2014 -2.58% -4.46%
2013 -1.93% -4.6%
2012 -1.17% -4.15%
2011 -1.61% -2.66%
2010 -1.32% -5.56%
2009 -0.93% -6.04%
2008 -2.88% -3.02%
2007 -3.57% -1.89%
2006 -3.79% -1.31%
2005 -4.12% -2.19%
2004 -2.65% -4.25%
2003 -5.59% -0.86%
2002 -5.76% -1.77%
2001 -3.76% -2.92%
2000 -8.88% -3.18%
1999 -8.54% 5.12%
1998 -3.65% -2.78%
1997 -1.76% -5.56%
1996 -3.93% -3.2%
1995 -2.76% -4.88%
1994 -5.39% -
1993 -4.12% -
1992 -4.92% -
1991 -6% -
1990 -6.86% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

GeoRank.org/economy/ethiopia/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Ethiopia recorded a fiscal deficit in 31 of those years, while Ukraine ran a deficit in 30 years. On average, Ethiopia posted an annual deficit equal to 3.22% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Ethiopia

Ukraine
1x
Year Consumer prices inflation
Ethiopia Ukraine
2025 13.2% 12.7%
2024 21% 6.5%
2023 30.2% 12.9%
2022 33.9% 20.2%
2021 26.8% 9.4%
2020 20.4% 2.7%
2019 15.8% 7.9%
2018 13.8% 10.9%
2017 10.7% 14.4%
2016 6.63% 13.9%
2015 9.57% 48.7%
2014 6.89% 12.1%
2013 7.46% -0.3%
2012 23.6% 0.6%
2011 33.2% 8%
2010 8.15% 9.4%
2009 8.48% 15.9%
2008 44.4% 25.2%
2007 17.2% 12.8%
2006 12.3% 9.1%
2005 9.97% 13.5%
2004 3.33% 9%
2003 13.7% 5.2%
2002 0.68% 0.8%
2001 -8.24% 12%
2000 0.66% 28.2%
1999 7.94% 22.7%
1998 0.89% 10.6%
1997 2.4% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 12.8% in Ukraine. In 2025, inflation was 13.2% in Ethiopia and 12.7% in Ukraine.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $359K
Chemicals & pharma $97K
Ukraine
Export category Export value
Raw agricultural goods $18.7M
Metals $4.29M
Processed food, beverages & tobacco $1.48M
Machinery & equipment $1.43M
Miscellaneous $1.22M
Chemicals & pharma $1.19M
Textiles & consumer goods $398K
Animal & marine products $150K
Raw materials & minerals $119K
Wood & paper products $29K

Balance of trade

Ethiopia Ukraine
Current account balance
-$3.79B
2024
-$15.2B
2024
Current account balance ranking
154/190
2024
180/190
2024
Current account balance, % of GDP
-2.53%
2024
-7.96%
2024
Goods imports
$19.6B
2024
$72.3B
2024
Goods exports
$5.58B
2024
$39.3B
2024
Service imports
$5.51B
2024
$23.1B
2024
Service exports
$7.61B
2024
$17.3B
2024
Imports of goods and services, % of GDP
20.2%
2025
51.8%
2025
Exports of goods and services, % of GDP
13.3%
2025
25.3%
2025

Economic freedom indices

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

Ethiopia Ukraine
Economic freedom 48.1 54.1
Economic freedom ranking 171/197 135/197
Property rights 22.1 21.6
Government integrity 33.2 35
Judicial effectiveness 19.1 28.2
Tax burden 78.6 83.7
Government spending 96.4 0
Fiscal health 84.3 3.9
Business freedom 44.5 57.4
Labor freedom 37.8 46.9
Monetary freedom 53.7 65.7
Trade freedom 57.4 73
Investment freedom 30 35
Financial freedom 20 30

Economic freedom comparison by year

Ethiopia
Ukraine
1x
Year Economic freedom index
Ethiopia Ukraine
2026 48.1 -
2025 48.1 -
2024 47.9 -
2023 48.3 -
2022 49.6 54.1
2021 51.7 56.2
2020 53.6 54.9
2019 53.6 52.3
2018 52.8 51.9
2017 52.7 48.1
2016 51.5 46.8
2015 51.5 46.9
2014 50 49.3
2013 49.4 46.3
2012 52 46.1
2011 50.5 45.8
2010 51.2 46.4
2009 53 48.8
2008 52.5 51
2007 53.6 51.5
2006 50.9 54.4
2005 51.1 55.8
2004 54.5 53.7
2003 48.8 51.1
2002 49.8 48.2
2001 48.9 48.5
2000 50.2 47.8
1999 46.7 43.7
1998 49.2 40.4
1997 48.1 43.5
1996 45.9 40.6
1995 42.6 39.9

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Ukraine
Services, % of GDP
36.6%
2025
61%
2025
Industry, % of GDP
27.8%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
7.57%
2025
GNI, Atlas method
$151B
2025
$201B
2025
GNI per capita, PPP
$3,620
2025
$18,750
2025
Total reserves including gold
$3.78B
2024
$57.3B
2025
Total reserves ranking
113/177
2024
43/177
2025
Net foreign direct investment
-$4.02B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$4.02B
2024
$4.02B
2024
Net outflows of foreign direct investment
$0
2024
$305M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
5.4%
2024
Poverty at national poverty lines
33.1%
2021
23.2%
2020
Gross capital formation, % of GDP
20.1%
2025
20.8%
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/ukraine | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.