Economy
Ethiopia Overtakes Morocco to Become Africa's Fifth-Largest Economy After GDP Rebasing
Business Insider Africa · 5 hours ago · Read the Full Story on Business Insider Africa
AI SUMMARY
Ethiopia has overtaken Morocco to become Africa's fifth-largest economy following a major GDP rebasing that lifted its measured economic output to $210.7 billion for the 2025/26 fiscal year.
- Ethiopia's GDP rebasing lifted its measured economic output to $210.7 billion for the 2025/26 fiscal year, making it Africa's fifth-largest economy.
- The country joins South Africa at $489.1 billion, Egypt at $442.9 billion, Nigeria at $386.7 billion, and Algeria at $331.9 billion among the continent's five largest economies.
- The rebasing increased the previously measured 2024/25 economy by 59.2%, bringing its GDP to 24.03 trillion birr or $201.4 billion.
- Minister of Planning and Development Fitsum Assefa Adela announced the figures, stating the revision also positions Ethiopia as the third-largest economy in sub-Saharan Africa.
- The new GDP series uses the 2017 Ethiopian Fiscal Year (2024/25) as its base year, replacing the previous 2008 EFY (2015/16) baseline.
- The updated calculations incorporate recent national agriculture and economic censuses, household surveys, administrative records, and data from state-owned enterprises and non-profit institutions.
- The 59.2% increase represents a statistical revision of the measured economy size rather than an equivalent growth in actual economic output.
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