Addis Ababa:Ethiopia's Finance Minister, Fitsum Assefa, has announced the results of the GDP rebasing with the Ethiopian fiscal year 2017 (2024/25) as the new base year. The announcement was made in Addis Ababa on November 4.
According to Africa News Agency, the GDP for the base year is 24.03 trillion birr, approximately $201.42 billion. For the fiscal year 2018 (2025/26), the GDP is estimated at 31.86 trillion birr, or $210.7 billion.
The new GDP series incorporates factors such as digital financial services, modern trade, industry, and mining, reflecting a comprehensive update in the calculation of the country's economic output.