Ethiopia’s GDP rebasing puts its 2025/26 economy at €194 billion
Ethiopia’s revised national accounts value its economy at 31.86 trillion birr, or about €194 billion ($210.7 billion), for 2025/26; the government says the new series makes it Africa’s fifth-largest economy. The revision raises the 2024/25 estimate by 59.2% to €185 billion ($201.42 billion), largely by counting activity previously missed or under-recorded, rather than reflecting equivalent new production.
Bottom line — The larger GDP denominator lowers reported debt and tax ratios, but Ethiopia’s debt and tax receipts do not change through rebasing.
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The Ministry of National Strategy replaced the 2015/16 GDP base year with 2024/25, using updated census, survey and administrative data.
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The ministry says the new series includes digital finance, mining, manufacturing and informal economic activity.
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For 2024/25, the old estimate of 15.09 trillion birr rose to 24.03 trillion birr under the revised method.
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The Ministry of National Strategy estimates real growth at 7.7% for 2025/26.
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Ethiopia’s government says the figures will inform fiscal planning, debt assessments and domestic revenue efforts.
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bne IntelliNews calculates that public debt falls from 45.3% to 27.4% of GDP and tax revenue from 9.1% to 5.5% when existing totals are set against the new figures; the government has not published revised ratios.
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The Rio Times and bne IntelliNews caution that rankings compare Ethiopia’s rebased figures with estimates for other countries using different periods or methods.
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