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Ethiopia's government has revised the size of its economy up by 59.2% to $201.4 billion for 2024/25 after moving the base year for gross domestic product (GDP) from 2015/16 to 2024/25, Reuters reported on 5 November. Officials put output for 2025/26 at 31.86 trillion birr, or $210.7 billion. The new base captures activities the old one missed, such as digital financial services, ride-hailing and large solar installations, and follows the birr's steep fall after it was floated in 2024 under reforms tied to an International Monetary Fund (IMF) programme. A larger GDP lowers Ethiopia's debt and tax ratios as it completes its external debt restructuring, which the government expects to improve its credit ratings and cut borrowing costs.
