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Economy of Ethiopia vs Vanuatu compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $1.35B for Vanuatu, ranking 66/197 and 185/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Ethiopia vs Vanuatu GDP by year

Ethiopia
Vanuatu
1x
Year GDP, current $
Ethiopia Vanuatu
2025 $126,358,758,448 $1,353,658,841
2024 $149,740,297,952 $1,297,956,615
2023 $135,874,093,203 $1,188,137,265
2022 $123,140,304,665 $1,151,863,790
2021 $109,070,960,371 $1,093,826,089
2020 $98,676,811,062 $1,017,403,363
2019 $91,834,517,114 $1,061,547,513
2018 $83,337,901,072 $1,034,402,941
2017 $76,366,081,767 $998,536,155
2016 $68,475,871,210 $908,725,513
2015 $62,103,418,182 $855,360,240
2014 $55,612,228,234 $879,185,478
2013 $47,648,276,605 $863,347,172
2012 $43,310,721,414 $747,839,698
2011 $31,952,763,089 $770,153,588
2010 $29,933,790,334 $670,712,980
2009 $32,437,389,116 $592,622,319
2008 $27,066,912,635 $590,748,429
2007 $19,707,616,773 $516,392,923
2006 $15,280,861,835 $439,358,587
2005 $12,401,139,454 $394,962,433
2004 $10,131,187,261 $364,996,869
2003 $8,623,691,300 $314,471,413
2002 $7,850,809,498 $262,596,536
2001 $8,231,326,016 $257,926,882
2000 $8,242,349,618 $272,014,628
1999 $7,892,973,532 $268,006,973
1998 $8,013,274,132 $262,293,411
1997 $8,803,539,988 $272,771,209
1996 $8,761,215,548 $261,370,044
1995 $7,855,205,207 $249,333,250
1994 $7,100,806,754 $233,701,301
1993 $9,051,043,870 $200,491,853
1992 $10,754,799,037 $209,088,825
1991 $13,799,799,324 $201,334,169
1990 $12,478,943,895 $168,879,207
1989 $11,762,932,007 $154,013,202
1988 $11,181,119,718 $158,351,368
1987 $10,790,001,558 $139,464,174
1986 $10,094,328,898 $126,498,935
1985 $9,717,392,687 $131,856,421
1984 $8,298,309,581 $144,482,515
1983 $8,781,664,427 $117,389,554
1982 $7,899,988,841 $114,501,913
1981 $7,507,663,567 $113,781,796
1980 $7,012,585,454 $121,185,498
1979 $6,586,048,398 $119,258,835
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/vanuatu | CC BY

GDP per capita in Ethiopia vs Vanuatu by year

Ethiopia
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $4,039 -
2024 $1,134 $3,288 $3,960 $3,606
2023 $1,056 $3,061 $3,708 $3,568
2022 $982 $2,845 $3,680 $3,453
2021 $893 $2,588 $3,576 $3,136
2020 $830 $2,407 $3,404 $3,118
2019 $793 $2,242 $3,636 $3,315
2018 $740 $2,095 $3,626 $3,233
2017 $696 $2,005 $3,585 $3,146
2016 $642 $1,858 $3,340 $3,030
2015 $598 $1,633 $3,214 $2,966
2014 $550 $1,485 $3,378 $2,890
2013 $484 $1,253 $3,393 $2,832
2012 $452 $1,179 $3,005 $2,834
2011 $343 $1,098 $3,163 $2,816
2010 $331 $996 $2,815 $2,733
2009 $369 $899 $2,546 $2,730
2008 $316 $845 $2,604 $2,701
2007 $237.1 $770 $2,334 $2,573
2006 $189.3 $693 $2,035 $2,496
2005 $158.2 $625 $1,874 $2,287
2004 $133.2 $558 $1,774 $2,157
2003 $116.8 $493 $1,567 $2,070
2002 $109.6 $509 $1,341 $1,995
2001 $118.5 $509 $1,350 $2,125
2000 $122.3 $474 $1,460 $2,206
1999 $120.7 $450 $1,472 $2,084
1998 $126.5 $436 $1,471 $2,091
1997 $143.4 $461 $1,562 $2,087
1996 $147.3 $453 $1,529 $1,998
1995 $136.5 $409 $1,492 $1,961
1994 $127.7 $391 $1,431 $1,946
1993 $168.5 $384 $1,257 $1,789
1992 $207.4 $343 $1,344 $1,777
1991 $277.6 $383 $1,326 $1,737
1990 $262.1 $417 $1,141 $1,670
1989 $256.4 - $1,067 -
1988 $253.2 - $1,125 -
1987 $254.1 - $1,017 -
1986 $246 - $946 -
1985 $243.9 - $1,012 -
1984 $214.2 - $1,137 -
1983 $232.7 - $947 -
1982 $215.3 - $946 -
1981 $212.7 - $962 -
1980 $203.7 - $1,048 -
1979 $192.4 - $1,055 -
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/vanuatu | CC BY

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Vanuatu ranks 170th at $3,606.

Economic indicators

Ethiopia Vanuatu
Gross domestic product
$126B
2025
$1.35B
2025
GDP rank
66/197
2025
185/197
2025
GDP growth
9.77%
2024-2025
3.05%
2024-2025
GDP per capita
$933
2025
$4,039
2025
GDP per capita rank
182/197
2025
133/197
2025
GDP per capita, PPP
$3,288
2024
$3,606
2024
GDP per capita PPP rank
175/197
2024
170/197
2024
Government debt
$54.4B
2025
$554M
2025
Debt-to-GDP ratio
43.1%
2025
40.9%
2025
Government debt per person
$402
2025
$1,654
2025
Government debt per person rank
172/185
2025
125/185
2025
Average annual personal income after taxes
$2,030
2026
$2,801
2026
Income share by richest 10%
24.8%
2021
24.7%
2019
Income share by poorest 10%
3.5%
2021
3%
2019
Government expenditure, % of GDP
12%
2025
35.5%
2025
Consumer prices inflation
13.2%
2024-2025
0.66%
2024-2025
Unemployment rate
3.94%
2021
1.41%
2025
Population
140722974
346488

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Ethiopia Vanuatu
Government spending Government debt Government spending Government debt
2025 12% 43.1% 35.5% 40.9%
2024 9.54% 33.4% 33.1% 39.1%
2023 10.8% 38.7% 38.9% 39.2%
2022 12.7% 46.9% 38.5% 39.2%
2021 13.8% 53.8% 38.6% 42.2%
2020 14.5% 53.2% 38.8% 42.9%
2019 15.4% 54.7% 35.1% 39.8%
2018 16.1% 58.4% 29.4% 40%
2017 18% 55.3% 32.7% 46.4%
2016 17.9% 51.8% 31.2% 37.6%
2015 17.3% 50.7% 38.1% 32.2%
2014 17.5% 44.2% 20.5% 17.8%
2013 17.8% 44.1% 20.1% 16.4%
2012 16.6% 39.4% 22.1% 17.4%
2011 18.2% 44.6% 22.7% 19.3%
2010 18.5% 39.4% 25.6% 18.3%
2009 17.1% 30% 24.9% 19.1%
2008 18.8% 56.1% 25.1% 19.2%
2007 20.5% 55.7% 20.3% 17.6%
2006 22.1% 79.6% 18.2% 20%
2005 22.9% 78.2% 16.5% 23.8%
2004 23.1% 103.1% 16.7% 27.5%
2003 27% 103.7% 17% 34.6%
2002 24.9% 107.4% 20.2% 35.1%
2001 22.4% 97.3% 20.2% 33.5%
2000 25.6% 93.6% 23% 32.6%
1999 26.8% 97.8% 21.6% 27.7%
1998 21.1% 89.3% 25.2% 25.4%
1997 17.9% 80.3% 20.1% 20.7%
1996 18.8% 132.8% 22.1% 20.8%
1995 17.4% 146.6% 25.3% 21.8%
1994 17.6% 155.2% 22% 19.5%
1993 13.8% 141% 23.7% 18.3%
1992 14.2% 87.9% 28.8% 19%
1991 17.3% 89.3% 30% 14.4%
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 (1980–1991, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 40.9% in Vanuatu, ranking 122/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Vanuatu
1x
Year Deficit/surplus, % of GDP
Ethiopia Vanuatu
2025 -1.19% -3.88%
2024 -1.99% -2.46%
2023 -2.6% -0.78%
2022 -4.16% -5.96%
2021 -2.77% 2.07%
2020 -2.76% -1.74%
2019 -2.53% 2.48%
2018 -3.03% 5.53%
2017 -3.24% -1.06%
2016 -2.3% -0.64%
2015 -1.95% -8.13%
2014 -2.58% 1.26%
2013 -1.93% -0.22%
2012 -1.17% -1.54%
2011 -1.61% -1.98%
2010 -1.32% -2.38%
2009 -0.93% -0.76%
2008 -2.88% -0.04%
2007 -3.57% 0.25%
2006 -3.79% 0.44%
2005 -4.12% 1.68%
2004 -2.65% 0.72%
2003 -5.59% -1.22%
2002 -5.76% -3.29%
2001 -3.76% -3.01%
2000 -8.88% -5.67%
1999 -8.54% -0.5%
1998 -3.65% -6.01%
1997 -1.76% -0.46%
1996 -3.93% -1.61%
1995 -2.76% -2.34%
1994 -5.39% -1.35%
1993 -4.12% -3.32%
1992 -4.92% -2.1%
1991 -6% -2.54%
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Ethiopia recorded a fiscal deficit in 35 of those years, while Vanuatu ran a deficit in 27 years. On average, Ethiopia posted an annual deficit equal to 3.43% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Ethiopia

Vanuatu
1x
Year Consumer prices inflation
Ethiopia Vanuatu
2025 13.2% 0.66%
2024 21% 1.14%
2023 30.2% 11.2%
2022 33.9% 6.68%
2021 26.8% 2.34%
2020 20.4% 5.33%
2019 15.8% 2.76%
2018 13.8% 2.33%
2017 10.7% 3.08%
2016 6.63% 0.84%
2015 9.57% 2.48%
2014 6.89% 0.8%
2013 7.46% 1.46%
2012 23.6% 1.35%
2011 33.2% 0.87%
2010 8.15% 2.76%
2009 8.48% 4.3%
2008 44.4% 4.84%
2007 17.2% 3.94%
2006 12.3% 2.04%
2005 9.97% 1.2%
2004 3.33% 1.42%
2003 13.7% 3.02%
2002 0.68% 1.96%
2001 -8.24% 3.58%
2000 0.66% 2.54%
1999 7.94% 2%
1998 0.89% 3.28%
1997 2.4% 2.83%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 2.86% in Vanuatu. In 2025, inflation was 13.2% in Ethiopia and 0.66% in Vanuatu.

Balance of trade

Ethiopia Vanuatu
Current account balance
-$3.79B
2024
-$127M
2022
Current account balance ranking
154/190
2024
83/190
2022
Current account balance, % of GDP
-2.53%
2024
-11.1%
2022
Goods imports
$19.6B
2024
$350M
2022
Goods exports
$5.58B
2024
$73.6M
2022
Service imports
$5.51B
2024
$230M
2022
Service exports
$7.61B
2024
$78.5M
2022
Imports of goods and services, % of GDP
20.2%
2025
48%
2024
Exports of goods and services, % of GDP
13.3%
2025
25.3%
2024

Economic freedom indices

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

Ethiopia Vanuatu
Economic freedom 48.1 61.1
Economic freedom ranking 171/197 92/197
Property rights 22.1 62.1
Government integrity 33.2 48.3
Judicial effectiveness 19.1 67.9
Tax burden 78.6 96.9
Government spending 96.4 48.1
Fiscal health 84.3 78.8
Business freedom 44.5 50.3
Labor freedom 37.8 41
Monetary freedom 53.7 72.1
Trade freedom 57.4 62
Investment freedom 30 65
Financial freedom 20 40

Economic freedom comparison by year

Ethiopia
Vanuatu
1x
Year Economic freedom index
Ethiopia Vanuatu
2026 48.1 61.1
2025 48.1 61.8
2024 47.9 62.2
2023 48.3 62.1
2022 49.6 62.9
2021 51.7 60.5
2020 53.6 60.7
2019 53.6 56.4
2018 52.8 69.5
2017 52.7 67.4
2016 51.5 60.8
2015 51.5 61.1
2014 50 59.5
2013 49.4 56.6
2012 52 56.6
2011 50.5 56.7
2010 51.2 56.4
2009 53 58.4
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 2026-07-08).

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Vanuatu
Services, % of GDP
36.6%
2025
56.8%
2024
Industry, % of GDP
27.8%
2025
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
26.6%
2024
GNI, Atlas method
$151B
2025
$1.48B
2025
GNI per capita, PPP
$3,620
2025
$4,970
2025
Total reserves including gold
$3.78B
2024
$615M
2024
Total reserves ranking
113/177
2024
152/177
2024
Net foreign direct investment
-$4.02B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$4.02B
2024
$28.9M
2024
Net outflows of foreign direct investment
$0
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
1.88%
2024
Poverty at national poverty lines
33.1%
2021
15.9%
2020
Gross capital formation, % of GDP
20.1%
2025
26.1%
2024

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/vanuatu | 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 (1980–1991, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.