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Analysis

Ethiopia’s revised GDP estimates put industry narrowly ahead of agriculture

Nov 15, 2026
Ethiopia’s revised GDP estimates put industry narrowly ahead of agriculture

Key Takeaways

  • Br31.9 trillion is the preliminary estimate for nominal GDP in Ethiopian fiscal year 2018.
  • Industry is projected at 31.78% of output, ahead of agriculture at 31.35%.
  • Services retain the largest projected share at 33.85%.
  • Real output growth is projected at 7.7% after accounting for price changes.
  • Revised accounts put the previous fiscal year’s nominal GDP at Br24.03 trillion.
  • Wider statistical coverage lifted that previous-year estimate by 59.21%.
  • The revised accounts capture more informal activity, telecommunications, transport and mining.

Market Impact

Industry’s projected lead is just 0.43 percentage points. The category includes construction, mining and utilities alongside manufacturing, so the sector ranking alone cannot establish how factories performed.

The revised figures change the baseline for comparing market size. Analysts measuring changes in production can use the separate real-growth estimate, which adjusts for prices.

Key Numbers

  • 0.43 percentage points — projected industrial lead over agriculture
  • 59.21% — revision to the previous year’s nominal GDP estimate
  • 7.7% — projected growth in real output

Business Signal

Companies comparing sector sizes across years need figures drawn from the same revised national accounts.

AI-generated editorial illustration.