Country profile · Sovereign risk

Ethiopia

East Africa·ETH·ETB
RicherFin rating
On request
Proprietary analytical opinion
Currency
ETB
Public projects
62
Published public projects
Reference data
2019–2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchRDNone
Moody'sCaa3Stable
S&PSDStable

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth9.8%2025
Central government debt / GDP31.4%2019
Current account / GDP-2.5%2024
Inflation13.2%2025
GDP per capitaUSD 9332025
Trade openness33.5%2025

Access the markets

Existing RicherFin pages

Ethiopian Securities Exchange

ESX · 2 instruments

Public projects & infrastructure

62 projects →
Access to Distributed Electricity and Lighting in Ethiopia (ADELE)Other infrastructure · ActivePreview→Adama-AwashTransport · Official PPP pipeline (published 2021)Preview→Awash-MiesoTransport · Official PPP pipeline (published 2021)Preview→Chemoga YadaEnergy · Official PPP pipeline (published 2021)Preview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Central government debt / GDP · 2019 · World Bank · Primary source →

Current account / GDP · 2024 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · RD · · Source →

Moody's · Caa3 · · Source →

S&P · SD · · Source →

Institutional sovereign report