Ethiopia: Macroeconomic and Social Indicators

2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
Indicators (1996) (1997) (1998) (1999) (2000) (2001) (2002) (2003) (2004) (2005) (2006) (2007) (2008) (2009) (2010) (2011) (2012) (2013)
1. Country Profile
Land Area (total, In Sq.Km) 1.14million 1.14million 1.14million 1.14million 1.14million 1.14million 1.14million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million 1.14 million
Arable Land ( % of total area ) 45.0 45.0 45.0 45.0 45.0 45.0 45.00 45.00 45.00 NA NA NA NA NA 15.20 15.2 10 12
Irrigated Land ( % of total area ) 3.0 3.0 3.0 3.0 3.0 3.0 NA NA NA NA NA NA NA NA 2,900.00 3,100.00 5.0 7
Population Density ( person per sq.km )* 95.8 99.7 101.2 99.6 102.1 104.7 107.40 110.14 112.94 115.76 118.61 121.50
2. Social Indicators
Population total, in millions (Mid-Year population) 66.50 68.30 70.00 72.40 74.90 76.8 78.80 80.70 82.7 84.8 87.0 89.1 91.2 93.4 95.5 97.6 99.75 101.9
(o/w Urban Poulation, in %) 15.8 15.97 16.21 16.45 17 16.14 16.30 16.10 16.3 18.6 19.0 19.5 19.9 20.3 20.8 21 22.8 22.8
Working Age Population ( In Millions )
Urban 7 6.95 7.6 7.6 8.0 8.4 8.92 9.43 10.0 10.5 11.1 11.6 12.2 12.8 7 10.1 NA NA
Rural 31.4 32.6 33.2 32.9 31.3 33.0 33.89 34.83 35.8 36.8 37.7 38.7 39.7 40.8 49 49.8 NA NA
Total 38.4 39.6 40.7 40.6 39.3 41.4 42.82 44.26 45.7 47.3 48.8 50.4 52.0 53.6 56 59.9 NA NA
Age Dependency Ratio 85.2 84.7 84.3 84.3 93 93 93.00 93.00 93.0 75.0 75.0 75.0 75.0 75.0 69 69 69 69.0
Life Expectancy at Birth ( Male - Female ) 53-55 53.42-55.42 55.6-57.9 55.6-57.9 53.4-55.4 53.4-55.4 53.4-55.4 58.4-60.4 53.4-55.4 60.2-64.2 60.2-64.2 60.2-64.2 60.2-64.2 60.2-64.2 62.4-66.6 62.4-66.6 62.4-66.7 65.5
Crude Birth Rate 39.9:1,000 35.7:1,000 36.9:1,000 36.9:1,000 35.7:1,000 35.7:1000 35.7:1000 33.6:1000 33.6:1000 30.3:1000 30.3:1000 30.3:1000 30.3:1000 30.3:1000 27:1000 27:1000 27:1001 27:1002
Crude Death Rate 12.6:1000 12.6:1000 10.8:1,000 10.8:1,000 10.8:1,000 NA NA 9.2:1,000 9.2:1,000 7.2:1000 7.2:1000 7.2:1000 7.2:1000 7.2:1000 6.30 6 6 6.0
Natural Rate of Population Increase ( In % ) 2.7 2.7 2.7 2.7 2.7 2.7 2.60 2.40 2.40 2.31 2.31 2.31 2.31 2.31 2.07 2.07 2.07 2.1
Total Fertility Rate 5.8child:W 5.4child:W 5.4child:W 5.4child:W 5.4child:W 5.4child:W 5 child:W 4.8child:W 4.8child:W 3.94chil:W 3.94chil:W 3.94chil:W 3.94chil:W 3.94chil:W 3.45chil:W 3.45chil:W 3.5chil:W 4.6chil:W
People : Hospital Beds 5721.4:1 5273.5:1 5028:1 5293:1 5698:1 5082:1 7815:1 NA NA 2516:1 NA NA 2850:1 2980:1 3617:1 3150:1 2750
People : Physician1 36954:1 29777:1 35493:1 49888:1 36374:1 36175:1 56013:1 53642:1 28847:1 32132:1 20970:1 17160:1 14045:1 22766:1 26635:1 - 9977 8448:1
1
People : Nurse 4621:1 3956.8:1 4206:1 4601:1 4524:1 3870:1 3012:1 2762:1 2299:1 1884:1 1995:1 1999:01:00 1999:1 1194:1 1780:1 1624:1 1705 1473.0
Infant Mortality Rate 97:1,003 80:1,000 80:1,000 80:1,000 77:1,000 77:1,000 77:1,000 73:1000 59:1000 62.2:1000 62.4:1000 62.4:1000 62.4:1000 62.4:100 53.3:1000 53.3:1000 43.3:1000 47:1001
Access to Safe Water ( In %)
Country Level 35.9 45.6 47.3 52.5 59.5 66.2 68.50 73.30 58.3 68.5 76.7 84.0 61.0 66.0 71.0 76 79 58.5
Urban Population N.A 82 NA 82.0 86.2 88.6 91.50 92.50 78.7 81.3 84.2 91.0 52.5 55.0 60.0 66 66.5 63.0
Rural Population 25.2 38.4 42.2 46.4 53.9 61.5 65.80 71.30 55.2 66.5 75.5 82.0 63.1 68.0 74.0 79 82.7 57.3
Student-Teacher Ratio
Primary ( 1-8 ) 65:1 66:1 62:1 59:1 57:1 54:1 51:1 51:1 50:1 49:1 47:1 46:1 46:1 - - 39 39 34.8
Secondary ( 9-12 ) 48:1 51:1 57:1 48:1 43:1 41:1 36:1 31:1 29:1 28.7:1 27.8:1 26.4:1 26.5:1 - - 22.5 24 27.4
Technical & Vocational 22:1 21:1 20:1 27:1 25:1 34:1 NA 29:1 24.7:1 18.6:1 16.5:1 16.5፡1 12.6፡1 - - 13.3 13.3 1:11
Student-School Ratio
Primary ( 1-8 ) 724:1 690:1 654:1 677:1 657:1 619:1 573:1 590:1 576:1 571:1 571:1 744.9፡1 573፡1 - - 628 528 512.7
Secondary ( 9-12 ) 1312:1 1350:1 1425:1 1440:1 1381:1 1345:1 1270:1 1160:1 1033:1 994:1 857:1 369:1 767.2፡1 - - 568 940 1017
Technical & Vocational 552:1 534:1 468:1 493:1 501:1 673:1 788:1 735:1 654:1 544:1 545:1 383:1 523፡1 - - 246.8 NA NA
3. Macroeconomic Indicators
2
3.1: Real sector Development
GDP at Current Market Price (In Mn. Birr) 85,800.0 105,415.0 130,334.0 170,281.0 245,836.0 332,060.0 379,135.00 515,078.5 747,326.5 866,921.1 1,060,825.4 1,297,961.4 1,568,097.5 1,717,127.2 1,834,066.5 1987157.5 3374349.0 4341387.1
Nominal GDP Growth Rate (In %) 18.0 22.9 23.6 30.6 44.4 35.1 14.18 35.9 45.1 15.3 22.4 22.4 18.2 17.7 21.4 23.3 25.5 28.6
Average Marginal Exchange Rate (Birr per USD) 8.6300 8.6518 8.6810 8.7943 9.2400 10.4200 12.89 16.1 17.3 18.3 19.1 20.1 21.10 22.40 26.10 28.10 31.34 39.0
GDP at Current Market Price (IN Mn. USD) 9,942.1 12,184.2 15,013.7 19,362.7 26,605.6 31,867.6 29,413.11 31,957.1 43,314.2 47,424.6 55,628.0 64,575.2 74,297.0 81,760.0 84,356.0 96107.0 107660.0 111271.2
Nominal GDP per Capita (In USD) 149.5 178.4 214.5 267.4 355.2 415 373.26 396.1 523.5 559.1 639.6 725.0 815.0 876.0 883.0 985.0 1080.0 1091.8
Real GDP per Capita ( In Birr ) 3,652.6 3,976.7 4,300.5 4,634.2 4,962.8 5,266.1 5,776.60 5,895.00 6,947.5 7,299.1 7,625.2 8,571.2 8,864.0 18,257.5 19,204.9 20360.2 21144.1 21862.5
Real GDP per Capita Growth Rate (In %) 10.7 8.9 8.1 7.8 7.1 6.1 9.69 9.00 6.1 5.1 4.5 12.4 3.4 8.0 5.2 6.0 3.8 3.4
GDP Deflator (% change) 3.9 9.9 11.6 17.2 30.3 24.2 1.70 20.08 33.5 4.9 11.0 10.8 9.5 6.7 12.5 20.1 18.2 21.8
Real GDP at constant basic price (In Mn. Birr) 220,477.2 248,354.8 277,013.3 309,686.8 344,331.9 378,907.4 418,946.95 475,647.50 517,026.5 568,432.3 626,977.4 692,221.7 1,449,397.5 1,596,481.6 1,719,491.3 1874689.3 1989519005.0 2114163.2
Real GDP at constant market price (In Mn. Birr) 242,897.6 271,605.2 301,032.7 335,519.0 371,716.7 404,437.0 455,196.02 515,078.50 559,621.6 618,842.2 682,358.5 753,229.7 1,568,097.5 1,717,127.2 1,834,066.5 1,987,157.5 2,109,122.2 2228081.0
Real GDP Growth Rate (In %) 11.7 12.6 11.5 11.8 11.2 10.0 10.57 11.40 8.7 9.9 10.3 10.4 8.0 10.1 7.7 9.0 6.1 6.3
Agriculture & Allied Activties(In Billion Birr) 115.0 130.5 144.8 158.5 170.3 181.2 195.00 212.50 222.9 238.8 251.8 267.8 544.1 580.4 600.9 624 650 686.4
Industrial Sector (In Billion Birr) 23.7 25.9 28.4 30.6 33.9 37.3 41.99 49.80 59.6 73.9 86.5 103.7 343.9 413.8 464.4 526.2 576.9 618.8
Service Sector(In Billion Birr) 84.2 94.6 107.6 124.1 144.1 163.9 185.10 216.60 237.4 258.8 292.5 325.0 575.9 619.3 673.9 745.7 786.8 836.2
Agriculture & Allied Activties (% of GDP) 51.6 51.9 51.5 50.5 48.8 47.3 46.13 44.37 43.1 42.0 40.2 38.7 37.5 36.4 34.9 33.3 32.7 32.5
Industrial Sector ( % of GDP ) 10.9 10.6 10.4 10.2 10.1 10.1 10.17 10.40 11.5 13.0 13.8 15.0 23.7 25.9 27.0 28.1 29 29.3
Service Sector ( % of GDP ) 37.5 37.5 38.0 39.3 41.0 42.6 43.70 45.23 45.9 45.5 46.6 47.0 39.7 38.8 39.2 40 40 39.6
Private Consumption Expenditure 60,866.0 81,445.0 102,537.0 130,118.0 197,461.0 268,002.0 309,132.00 373,088.50 541,536.3 636,901.3 744,978.0 1,042,265.0 1,219,366.0 1,147,628.0 1,441,581.0 1884070.0 2360896.0 3134993.8
Government Consumption Expenditure 11,973.0 13,971.0 17,016.0 19,123.0 25,782.0 31,544.0 34,801.00 53,147.10 62,044.5 77,636.9 98,121.0 116,995.0 174,599.0 203,608.0 225,523.0 247362.0 307769.0 383565.3
Investment 24,902.0 27,409.0 35,952.0 41,227.0 60,156.0 82,560.0 102,403.00 165,380.00 277,243.7 295,456.4 402,922.0 511,618.0 585,665.0 704,596.0 751,626.0 948866.0 1037685.0 1216584.9
Exports 12,913.6 16,076.9 18,205.4 21,854.2 28,317.0 35,233.0 52,168.00 85,949.80 102,887.0 108,227.1 123,496.0 121,532.2 122,501.0 139,830.0 184,282.0 213437.0 239229.0 329634.5
Imports 27,366.8 37,776.3 48,092.4 55,088.7 76,564.0 96,285.0 126,319.00 162,486.80 236,384.7 251,300.6 308,691.3 393,189.0 424,750.0 430,233.0 502,113.0 561512.0 571230.0 723391.3
Resource Balance -14,453.2 -21,699.4 -29,887.0 -33,234.4 -48,247.0 -61,052.0 (74,151.00) (76,537.00) (133,498.0) (143,073.5) (185,195.3) (271,656.0) (302,249.0) (290,403.0) (317,831.0) -348075.0 -332001.0 -393756.8
Gross Private Consumption (% of GDP) 70.9 77.3 78.7 76.4 80.3 80.7 81.54 72.43 72.5 73.5 70.2 69.0 67.9 63.5 75.7 94.8 70.0 72.2
Gross Government Cosumption (% of GDP) 14.0 13.3 13.1 11.2 10.5 9.5 9.18 10.32 8.3 9.0 9.2 9.0 9.7 12.3 10.2 12.4 9.1 8.8
Gross Domestic Fixed Investment (% of GDP) 29.0 26.0 27.6 24.2 24.5 24.9 27.01 32.11 37.1 34.1 38.0 39.4 37.3 38.4 34.1 47.7 30.8 28.0
Resource Balance (% of GDP) -16.8 -20.6 -22.9 -19.5 -19.6 -18.4 (19.56) (14.86) (17.9) (16.5) (17.5) (20.9) (19.3) (15.9) (14.4) (17.5) (9.8) (9.1)
 Continued….
2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/20
Indicators (1996) (1997) (1998) (1999) (2000) (2001) (2002) (2003) (2004) (2005) (2006) (2007) (2008) (2009) (2010) (2011) (2012) (2013)
3.2: Monetory Indictors
Narrow Money Supply (M1) ( In Mn. Birr ) 19,065.9 21,289.8 23,811.9 29,773.4 36,875.5 42,112.7 52,434.6 76,171.00 94,849.88 114,745.69 134,063.78 154,706.34 178,609.66 216,794.60 281,154.70 308,937.1 360,585.5 437,392.0
Broad Money Supply (M2) ( In Mn. Birr ) 34,655.9 40,212.1 46,377.4 56,860.3 69,918.2 82,509.8 104,432.4 145,376.97 189,398.78 235,313.59 297,746.59 371,328.91 445,266.25 573,408.60 740,572.50 886,752.5 1,037,646.3 1,348,266.1
Net Foreign Assets ( In Mn. Birr ) 11,766.9 13,868.0 12,109.6 13,927.3 12,140.6 17,976.8 27,189.8 55,534.68 39,787.69 45,648.53 45,972.30 37,570.95 21,524.19 38,034.79 39,376.20 14,505.2 (22,101.0) (812.3)
Reserve Requirement ( CBs ) 1549.35 1,828.4 2,120.9 2,592.5 9,112.9 11,183.3 14,368.0 20,495.20 18,080.56 11,708.82 14,479.39 18,250.35 21,745.43 28,280.80 36,385.80 44,861.8 51,952.6 67,732.4
Interest Rate ( In % )
Minimum Deposit Rate 3 3 3 4 4 4.0 4.0 5.00 5.00 5.00 5.00 5.00 5.00 5.00 7.00 7.0 7.0 7.0
Lending Rate 8.0-10.5 7-14 7-14 7-14 8-15 8-16.5 12.25 11.88 11.88 11.88 11.88 11.88 12.75 12.75 13.50 13.5 14.3 14.3
Total Net Domestic Credit (in mn. Birr) 31138.781 40305.8 49295.9 61585.0 80772.6 89,203.0 104,413.5 135,553.87 189,080.81 233,404.32 300,026.58 393,421.73 490,230.35 631,092.70 784,621.70 963,699.9 1,190,705.1 1,481,844.4
Government 19199.154 21663.8 25266.4 30290.2 34169.2 32,786.5 33,013.1 28,651.65 21,557.41 21,965.52 26,929.74 30,735.25 47,548.36 85,441.85 102,002.80 109,799.2 150,861.6 214,269.2
Other Sectors 11939.627 18642.0 24029.6 31294.8 46603.4 56,416.5 71,400.4 106,902.22 167,523.40 211,438.80 273,096.84 362,686.48 442,681.99 545,650.85 682,618.90 853,900.7 1,039,843.5 1,267,575.3
3.3: Average annual inflation rate (CPI growth rate) 3
Country Level
-General inflation 7.3 6.1 10.6 15.8 25.3 36.4 2.8 18.1 34.1 13.5 8.1 7.7 9.7 7.4 14.6 12.6 19.9 20.2
-Food inflation 11.5 7.4 13.0 17.5 34.9 44.2 -5.4 15.7 42.9 12.6 5.9 7.4 11.2 7.2 13.4 13.1 23.3 23.2
-Non-food inflation (core inflation) 2.2 4.4 7.1 13.5 12.5 23.5 18.2 21.8 22.7 14.6 10.6 8 8.1 7.5 15.8 11.9 15.8 16.4
Addis Ababa
-General inflation 5.6 7.2 8.4 19.2 20.8 29.4 10.1 19.4 24.8 12.6 8.5 7.6 10.3 2.3 16.5 14.6 18.8 19.5
-Food inflation 8.6 5.7 13.0 25.4 32.1 41.5 4.1 14.8 30.6 13.1 4.6 12.2 16.6 1.2 8.7 15.0 25.9 26.2
-Non-Food inflation (core inflation) 3.0 7.6 4.6 14.0 12.7 19.2 16.0 23.5 21.1 11.9 11.4 4.4 5.8 3.2 22.6 14.0 13.9 14.4
3.4: External Trade(In Mn.USD)
Export of goods & services 1520.6 1895.8 2149.5 2498.1 3127.9 3399.5 4,050.33 5,343.12 5,993.41 5,978.47 6,451.62 6,046.51 6,077.3 6,257.2 7,095.9 7,694.9 7,715.7 8,519.3
Import of goods & services 3,259.8 4,439.6 5,602.7 6,254.2 8,326.9 9,292.3 9,858.40 10,160.72 13,805.17 13,864.19 16,197.24 19,842.8 20,552.1 19,714.0 19,707.4 20,691.0 18,828.3 19,160.4
Net trade in goods & services -1,739.3 -2,543.8 -3,453.2 -3,756.1 -5,199.0 -5,892.8 -5,808.4 -4,817.6 -7,811.8 -7,885.7 -9,745.6 -13,796.3 -14,474.7 -13,456.9 -12,611.4 -12,996.1 -11,112.6 -10,641.1
Current account balance including official transfers -401.5 -771.3 -1,470.9 -991.3 -1,492.4 -1,634.7 -1,193.2 -201.9 -2,778.0 -2,780.3 -4,168.1 -7,406.8 -6,655.1 -6,543.2 -5,285.0 -4,934.2 -4,401.9 -3,153.9
Capital account balance 386.7 491.9 614.3 760.4 1,031.5 1648 2,421.02 2,995.93 2,283.28 3,291.23 4,134.57 7,816.92 6,554.1 6,885.3 6,184.6 4,807.5 4,326.5 3,833.4
Overall balance of payments 389.5463487 66.40934667 37 29.98 -251.6939401 18.7 316.68 1,384.20 (972.79) -6.5 -96.9 -521.4 -830.9 658.6 -201.6 -941.6 -833.4 298.7
3.5: Government Finance (In Mn .Birr4)
Total Revenue (including grants) 17,918.0 20,147.0 23,225.0 29,381.0 39,705.0 40,421.9 66,237.44 85,611.00 115,658.50 137,192.00 158,076.52 199,639.11 243,671.56 269,105.94 287,562.14 344,936.50 394,965.83 478,888.1
Total Revenue (excluding grants) 13,917.0 15,582.0 19,493.0 21,797.0 29,794.0 31,924.0 53,861.34 69,120.00 102,863.65 124,077.00 146,172.77 186,618.69 230,657.28 256,629.04 269,648.19 311,317.43 354,312.80 444,582.6
o/w Tax-Revenue 10,906.0 12398.0 14122.0 17354.0 23801.0 23216.2 43,315.36 58,981.00 85,739.86 107,010.30 133,118.26 165,312.47 189,717.18 210,135.85 235,229.48 268,457.41 311,476.46 388,763.5
Tax-Revenue as % of GDP 12.7 11.8 10.8 10.2 9.7 7.0 11.42 11.45 11.47 12.50 12.71 15.09 14.71 14.7 13.1 12.8 11.7 11.0
Total Expenditures 20,520.0 24803.0 29325.0 35607.0 46915.0 43875.2 71,334.79 93,831.00 124,416.72 153,929.00 185,471.78 230,521.18 272,930.09 329,286.84 354,205.32 413,105.72 480,143.19 599,006.7
Current Expenditures 11,977.0 13,235.0 15,234.0 17,165.0 22,794.0 26315.5 32,012.38 40,535.00 51,445.45 62,745.80 78,086.90 113,375.50 131,902.78 176,703.00 210,470.21 238,156.59 275,967.04 363,596.9
Capital Expenditures 8,271.0 11,343.0 14,042.0 18,398.0 24,121.0 17,559.7 39,322.41 53,297.00 72,971.26 91,182.90 107,384.88 117,145.68 141,027.31 152,583.83 143,735.10 174,949.13 204,176.15 235,409.7
Equity Contribution ( Sinking Fund )
Special Programs 272 224.0 50.0 44.0 0.0 0.0 0.0 - - - - - - - - - - -
Total Expenditures as % of GDP 23.9 23.5 22.5 20.9 19.1 13.2 18.8 18.2 16.6 18.1 17.7 18.64 17.41 18.0 16.1 15.4 14.2 13.8
Current Surplus/Deficit 1,940.0 6,652.7 4,259.0 4,632.0 7,000.0 5,608.5 34,225.1 45,076.5 64,213.0 74,447.0 79,989.6 86,263.61 111,768.78 92,402.94 77,091.92 106,779.91 118,998.78 115,291.2
Overall Budget Deficit ( including grants ) -2,602.0 -4,655.0 -6,100.0 -6226.0 -7210.0 -3453.3 -5,097.4 (8,220.2) (8,758.2) (16,736.0) (27,395.3) (30,882.07) (29,258.53) (60,180.90) (66,643.18) (68,169.22) (85,177.36) (120118.5)
Deficit as % of GDP -3.0 -4.4 -4.7 -3.7 -2.9 -1.0 -1.3 -1.6 -1.2 -2.0 -2.6 (2.50) (1.87) (3.3) (3.0) (2.5) (2.5) (2.8)
Overall Budget Deficit ( excluding grants ) -6,603.0 -9,220.0 -9,832.0 -13,810.0 -17,121.0 -11951.1 -17473.5 (24,711.5) (21,553.1) (29,851.0) (39,299.0) (43,902.49) (42,272.81) (72,657.79) (84,557.13) (101,788.29) (125,830.40) (154,424.0)
Deficit as % of GDP -7.7 -8.7 -7.5 -8.1 -7.0 -3.6 -4.6 -4.8 -2.9 -3.5 -3.8 (3.55) (2.70) (3.96) (3.84) (3.78) (3.73) (3.56)

3.6: Exchange Rate (Birr/ USD)

5
Inter-Bank Forex Market Rate
* Period weighted Average 8.635 8.652 8.681 8.794 9.244 10.4205 12.8909 16.1178 17.2536 18.1947 19.0748 20.0956 21.1059 22.4137 26.1082 28.0543 31.3427 39.0163
* End period 8.630 8.660 8..69 9.030 9.610 11.3009 13.5321 16.9081 17.7305 18.6426 19.5771 20.5659 21.8004 23.1081 27.2621 28.9109 34.9822 43.691
 Continued….
2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/20
Indicators (1996) (1997) (1998) (1999) (2000) (2001) (2002) (2003) (2004) (2005) (2006) (2007) (2008) (2009) (2010) (2011) (2012) (2013)
3.7: Treasury Bill Market ( In Mn .Birr)
T-Bills Demanded ( Total ) 61,143.2 56,896.2 60,603.5 78,922.0 59,888.5 46,767.2 51,258.02 55,760.03 77,194.80 109,184.60 113,527.98 136,536.80 161,575.24 225,321.24 323,991.24 422,633.54 242,155.09 284,783.55
T-Bills Sold 51,645.0 41,065.0 47,793.5 63,315.0 47,716.5 27,839.8 41,736.42 52,316.03 74,694.80 109,184.60 95,314.98 110,593.30 161,475.24 225,321.24 323,991.24 422,633.54 242,155.09 238,799.55
Average Weighted Yield (in %) 0.5 0.095 0.038 0.530 0.677 0.743 0.79 1.13 1.87 1.89 1.60 1.43 1.44 1.42 1.42 1.74 4.81 7.97
T-Bills Outstanding by holder 12485 6595 11638.5 11546 8239.5 7783.1 11,566.20 10,706.62 20,011.86 26,044.90 32,286.86 41,704.80 57,252.56 73,271.56 111,213.56 138,054.36 23,724.00 116,559.95
Banks 11418 6295 10612.3 9135 2739 1672 4,400.00 900.00 2,383.50 3,436.00 - - - - - 650.00 5,604.00 52,040.00
Non-Banks 1067 300 1026.2 2411 5500.5 6111.1 7,166.20 9,896.62 17,628.40 22,608.90 32,286.86 41,704.80 57,252.56 73,271.56 111,213.56 137,404.36 18,120.00 64,519.95
5
3.8: Inter Bank Money Market Rate 7.5 _ _ 7.5 8.5 _ _ _ _ _ _ _ _ _ - - -
3.9: Financial Institutions
Number of Commercial Banks 9 9 10 11 11 12.00 14.00 17.00 17.00 17.00 17.00 17.00 17.00 17.00 17.00 17.00 17.00 18
( o/w Private banks ) 7 7 8 9 9 10.00 12.00 14.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 17
Number of Bank Branches 358 389 421 487 562 636.00 681.00 970.00 1,289.00 1,724.00 2,208.00 2,693.00 3,301.00 4,257.00 4,757.00 5,564.00 6,511.00 7,344
Population : Bank Branch 185754.2:1 175778.4:1 166,270.8:1 148,665.3:1 133,274:1 120,754.7:1 115,712.2:1 83,195.9:1 64,158.3:1 49674.8:1 41,088 33,448.00 27,932.00 22,164.00 20,286.50 17,732.20 15,702.00 13,921
Number of Insurance Companies 9 9 9 9 10 12.00 12.00 14.00 15.00 16.00 17.00 17.00 17.00 17.00 17.00 17.00 18.00 18
( o/w Private Insurance Companies ) 8 8 8 8 9 11.00 11.00 13.00 14.00 15.00 16.00 16.00 16.00 16.00 16.00 16.00 17.00 17
Number of Insurance Branches 121 133 139 146 172 194.00 207.00 221.00 243.00 273.00 332.00 377 426 492.00 532.00 568.00 605.00 635
Population : Insurance Branch 549587:1 513534:1 503597:1 495890:1 435465:1 395876:1 383844:1 366063:1 340329:1 314428.9:1 264918.8:1 238,928.00 216,443.00 191,772.00 181,396.00 173,848.00 168,983.00 160,630
Number of Development Banks 1 1 1 1 1 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1
Number of Development Bank Branches 32 32 32 32 32 32.00 32.00 32.00 32.00 32.00 32.00 32 110 110.00 107.00 107.00 93.00 82
Number of Micro-financial Institutions 22 26 27 28 28 30.00 30.00 31.00 31.00 31.00 31.00 35.00 35.00 35.00 38.00 38.00 39 39
Source : Ministries of Agriculture, Revenue, Health, and Education; National Bank of Ethiopia; Centeral Statistical Authority, … etc
Note:-
*population is estimated using component method after 2006/2007
1. Excluding manpower out side the Ministry of Health.
2. The GDP data series is revised on basis of 2010/11=100 base year
3. Inflation data is calculated using the new base year (December 2016=100)
4. Figures for government finance are preliminary estimates from 1999/00 onwards.
5. Inter-bank money market was first introduced in Aug.1998 and Inter-bank forex market started as of September 1998, and the daily trasactions introduced beginning from october 24, 2001.
*Mid year population was obtained from MoFED
 National Bank of Ethiopia Quarterly Bulletin

I. OVERVIEW
1.1. International Economic Developments
According to the European Central Bank’s COVID-19 cases increased at the start of the
monthly bulletin of 5/2021, the global first quarter of 2021/22, leading to a plunge
economic activity is decelerating due to a in consumer confidence and lower spending,
combination of factors, most prominently especially in vulnerable industries. In
persistent supply bottlenecks. The addition, household disposable income fell
moderating growth momentum partly in real terms in August, as unemployment
reflects a normalisation from the post- benefits fell back to pre-COVID-19 levels.
COVID-19 rebound as base and re-opening
In the United Kingdom, a combination of
effects disappear and incentive decreases. At
the Delta variant spike, labour shortages and
the same time, adverse characteristic factors
broader supply-side disruptions led to a
in selected major economies such as
moderation of growth to 0.4 percent month
COVID-19 resurgences, labour shortages
on month in August. Retail sales and
and a property sector slowdown imply rising
business and consumer confidence surveys
downside risks to the outlook. The global
also signal a slowdown in the first quarter of
composite output Purchasing Managers’
2021/22.
Index (PMI) excluding the euro area
confirmed that growth momentum In Japan, a firmer recovery is no longer
moderated in advanced economies in August expected until nearer the end of the year
and September, although it remained well amid headwinds from lingering supply
above its historical average. Growth bottlenecks. A surge in new infections in the
momentum in emerging market economies early summer and the expansion of the latest
remained softer than in advanced state of emergency weighed on mobility and
economies. consumption in August. Given that the
number of cases has steadily decreased,
In the United States, the economic recovery
consumption is expected to recover to some
is moderating amid supply chain constraints
extent in September, as indicated by the
and the surge in Delta variant cases.
latest survey data.

1 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

In China, GDP decelerated in the first (OECD) increased marginally in August to

quarter of 2021/22. Economic activity rose 4.3 percent on account of increasing food
by 0.2 percent in quarter-on-quarter terms in and energy inflation, still reflecting the
the first quarter of 2021/22 (4.9 percent year rebound from the low price levels recorded
on year), compared with 1.2 percent in the after the COVID-19 outbreak. Meanwhile,
previous quarter. The slowing momentum is core inflation remained stable at 3.1 percent,
related to the COVID-19 outbreak, power unchanged since June. Most of the current
shortages and the property sector slowdown. price pressures are still seen as temporary.
Rising uncertainties related to real estate Nevertheless, inflation expectations for 2022
activity and energy constraints are slightly increased in advanced economies in
increasing downside risks for the near-term September.
growth outlook
Over all, during the first quarter of 2021/22,
Global price pressures remain increased. the global economic activity has decelerated,
Annual consumer price index (CPI) inflation while global inflation increased and oil
in the countries of the Organisation for prices mounted on the back of demand and
Economic Co-operation and Development supply factors.

1.2. Macroeconomic Developments in Ethiopia

1.2.1. Inflation

Headline inflation has increased to 13.1 Likewise, headline inflation showed 8.1
percent during the first quarter of 2021/22 percentage point annual increase on account
from 8.1 percent in last quarter and 5.1 of a 10.6 percentage point increase in food &
percent last year same quarter. This was non- alcoholic beverages inflation and 4.4
attributed to the rise in food & non-alcoholic percentage points rise in non-food inflation.
beverages inflation by 6.9 percent and non- Food & non-alcoholic beverages and non-
food inflation by 2.1 percent. food inflations contributed 9.6 and 3.1
percent to the headline inflation registered in
the review quarter, respectively.

2 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

1.2.2. Monetary Developments

At the end of first quarter of 2021/22, broad Similarly, the reserve money reached Birr
money supply (M2) reached Birr 1.4 trillion 287.1, billion showing 9.8 percent annual
exhibiting a 28.4 percent annual growth, expansion while excess reserve of
owing to 29.6 percent expansion in commercial banks depicted 54.8 percent,
domestic credit and 17.0 percent in other annual contraction.
items (net).

1.2.3. Interest rate

During the review period, average yield on T-bills increased from 6.3
savings deposit rate remained at 8.0 percent in the first quarter of last fiscal
percent while weighted average time year to 9.9 percent similar period of
deposit rate declined by 0.1 percentage current year. Thus, considering 34.8
point. Similarly, the average lending percent headline inflation, the real
interest rate stood at 14.25 year-on-year interest rates on deposit, lending and T-
basis. Meanwhile, weighted average bills yield remained negative.

1.2.4. Financial Sector Developments

a) Banks

The number of banks operating in Ethiopia to bank branch ratio reached 13,4771. Of
reached 20, of which 18 were private and 2 the total bank branches, 34.3 percent were
state owned. These banks have opened 298 located in Addis Ababa. The share of state
new branches during the review quarter
thereby raising the total number of bank 1
Total population is 102,988,001 as CSA estimation
for 2021/22
branches to 7,642. As a result, population

3 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

owned bank branches, was 26.7 percent and mines, power & water resources (Birr 17.1
that of private bank branches 73.3 percent. percent), international trade (16.6 percent),
agriculture (12.8 percent), manufacturing
Total capital of the banking system
(Birr 11.5 percent), consumer and staff
amounted to Birr 156.5 billion with state
loans (Birr 10.2 percent), and housing &
owned banks accounting for 52.3 percent
construction (5.6 percent). The remaining
and private banks 47.7 percent. The share
balance was taken up by other sectors.
of Commercial Bank of Ethiopia, the
biggest state owned bank, was 33.7 percent. Meanwhile, the banking system collected
loans amounting to Birr 81.7 billion of
During the review quarter, banks disbursed
which 37.9 percent was by private banks
Birr 65.3 billion in fresh loans, indicating
and 62.1 percent by state owned banks.
18.7 percent annual increase. Of the total
new loans, the share of state owned banks Total outstanding credit of the banking
was 56.1 percent and that of private banks system (including corporate bond) reached
43.9 percent. Birr 1.3 trillion, showing a 20.7 percent
yearly increase. Claims of private banks on
Sector wise, domestic trade received 20.3
private sector were 99.6 percent while that
percent of the total new loans followed by
of state owned banks stood at 21.3 percent.

b) Insurance Sector

The number of insurance companies Addis Ababa. Likewise, the total capital of
remained at 18, of which 17 were private insurance companies reached Birr 11.6
and 1 state owned. Their branches billion, with private insurance companies
increased to 648 from 616 a year ago, of share being 73 percent.
which, about 54.0 percent were located in

4 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

c) Microfinance Institutions

Total micro-finance institutions (MFIs) outstanding credit also increased by 9.4

reached 40 which mobilized Birr 52.3 percent to Birr 70.7 billion while their total
billion saving deposit, showing a 11.5 asset rose to Birr 105.1 billion, registering a
percent growth annual growth. Their total 12.6 percent annual expansion.

1.2.5. External Sector and Foreign

Exchange Developments

a) External Sector Development

USD 972.4 million export revenue from (79.6 percent), consumer goods (40.6
merchandise goods during the first quarter percent) and semi-finished goods (5.7
of 2021/22 and showed a 16.5 percent percent).
annual growth due to higher revenue from
Current account receipts stood at USD 4.2
coffee (77.5 percent), chat (22.3 percent),
billion or registries 11.1 percent annual
oilseeds (1.3 percent), flower (19.6
increase due to higher receipts from
percent), meat & meat products (64.9
merchandise export (16.5 percent), service
percent), fruits & vegetables (60.1 percent),
proceeds (28.4 percent) and private
and other export items (43.8 percent).
transfers (14.9 percent) despite a 52.1
In contrast, declines in receipts were percent decline in public transfers.
observed in terms of gold (33.3 percent),
Similarly, total current payments went up
pulses (6.3 percent), live-animals (55.8
20.5 percent to USD 5.5 billion on account
percent), leather & leather products (11.5
of higher merchandise import (18.9
percent) and electricity (1.4 percent).
percent), services payment (27.1 percent)
Meanwhile, total merchandise imports bill and public transfers (4.8 percent), despite a
amounted to USD 4.1 billion, depicting 70.6 percent decline in private transfers.
18.9 percent annual growth owing to
significant surge in import values of fuel

5 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

As a result, the current account deficits which was 44.5 percent higher than the
(including official transfer) widened to surplus of last year same quarter.
USD 1.3 billion from USD 784.0 million a
Consequently, the overall balance of
year earlier.
payments recorded USD 972.3 million
On the other hand, capital account deficit compared to USD 196.3 million
registered USD 629.6 million surplus, deficits a year earlier.

b) Exchange Rate Development

During the first quarter of 2021/22, the depreciation. In contrast, real effective
weighted average official exchange rate of exchange rate index (REERI) exhibited 7
the Birr showed a 25.5 percent annual percent appreciation and nominal effective
depreciation and reached Birr at exchange rate (NEERI) 97.5 percent
44.9109/USD showing 25.5 percent appreciation.

1.2.6. Federal Government Fiscal Operations

Total revenue and grants of the Federal

government declined by 10 precent from
Birr 81.1 billion to Birr 73 billion w`hile
total expenditure increased 25.2 percent to
Birr 111.3 billion. As a result, the overall
fiscal deficit (including grants) widened
significantly to reach Birr 38.3 billion
compared to Birr 7.8 billion last year same
quarter.

6 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

1.2.7. Investment

During the first quarter of 2021/22, 13

investment projects, with investment
capital of Birr 99.8 million, became
operational. Compared to last year same
quarter, both the number of investment
projects and investment capital decreased
by 18.8 and 94.6 percent respectively.

7 | First Quarter 2021/22

National Bank of Ethiopia Quarterly Bulletin

II. ENERGY PRODUCTION AND PROCESSING

2.1. Import of Petroleum Products

During the first quarter of 2021/22, the Of the total imports of petroleum products,
volume of petroleum products imported gas oil accounted for 67.9 percent, regular
reached 997.8 thousand metric tons, gasoline 17 percent, jet fuel 12.7 percent,
showing a 13.6 percent annual increment and fuel oil 2.4 percent (Table 2.1).
due to increased imports of all types of
petroleum products.

Table 2.1: Volume of Petroleum Products Imported

(In Metric Ton)

2020/21 2021/22

Qtr. I Qtr. IV Qtr. I Percentage Change

Share
Petroleum Share Share (In
Products A (In %) B (In %) C %) C/A C/B

Regular Gasoline 145,183.0 16.5 176,255.2 18.7 169,292.8 17.0 16.6 -4.0
(MGR)
99,180.5 11.3 106,927.1 11.3 127,007.6 12.7 28.1 18.8
Jet Fuel
20,495.6 2.3 23,310.8 2.5 24,247.1 2.4 18.3 4.0
Fuel Oil

613,828.1 69.9 636,567.6 67.5 677,243.3 67.9 10.3 6.4

Gas Oil (ADO)

Total 878,687.3 100.0 943,060.7 100.0 997,790.7 100.0 13.6 5.8

Source: Ethiopian Petroleum Enterprise

8 | First Quarter 2021/22

National Bank of Ethiopia Quarterly Bulletin

Fig.2.1: Trends in the Volume of Petroleum Products Imported

800,000
700,000
600,000
MGR
In Metric Ton

500,000 Jet Fuel

400,000 Fuel Oil
300,000 Gas Oil
200,000
100,000
-
I II III IV I II III IV I II III IV I II III IV I

2017/18 2018/19 2019/20 2020/21 2021/22

Quarter

Source: Ethiopian Petroleum Enterprise

The total values of the petroleum imports imports. Year-on-year, import value of jet
was Birr 29.4 billion, depicting 129.6 fuel increased 167 percent, gas oil 119.4
percent annual surge as a result of percent and fuel oil 116.4 percent and
international price hike and increased regular gasoline 147.4 percent (Table 2.2).
volume of all types of petroleum product

9 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

Table 2.2: Value of Petroleum Products Imported

(In ‘000Birr)
2020/21 2021/22 Percentage
Qtr. I Qtr. IV Qtr. I Change

Petroleum Share Share Share

Products A (In %) B (In %) C (In %) C/A C/B
Regular
Gasoline 2,391,824.2 18.7 5,313,499.7 21.9 5,916,253.5 20.1 147.4 11.3
(MGR)

1,357,688.8 10.6 2,721,997.7 11.2 3,624,424.7 12.3 167.0 33.2

Jet Fuel

267,938.4 2.1 481,336.1 2.0 579,775.1 2.0 116.4 20.5

Fuel Oil

Gas Oil 8,782,556.0 68.6 15,751,059.8 64.9 19,272,504.4 65.6 119.4 22.4
(ADO)

Total 12,800,007.3 100.0 24,267,893.2 100.0 29,392,957.7 100.0 129.6 21.1

Source: Ethiopian Petroleum Enterprise

Fig.2.2: Trends in the Value of Petroleum Products Imported

25000000

20000000 MGR
Jet Fuel
In '000 Birr

15000000 Fuel Oil

Gas Oil
10000000

5000000

0
I II III IV I II III IV I II III IV I II III IV I

2017/18 2018/19 2019/20 2020/21 2021/22

Quarter

Source: Ethiopian Petroleum Enterprise

Similarly, average FOB price of petroleum petroleum products also showed a 8.4
products rose 75.7 percent year-on-year due percent quarterly increase owing to higher
to higher FOB price of all types of fuel oil price (11.9 percent), regular
petroleum imports. Average FOB price of
10 | First Quarter 2021/22
 National Bank of Ethiopia Quarterly Bulletin

gasoline (9.6 percent), gas oil (7.4 percent),

and jet fuel (5.4 percent) (Table 2.3).

Table 2.3: FOB Price of Petroleum Products Imported

(In USD/ Metric Ton)
2020/21 2021/22
Qtr. I Qtr. IV Qtr. I Percentage Change
Petroleum Products A B C C/A C/B
388.2 639.2 700.8 80.5 9.6
Regular Gasoline (MGR)
322.9 556.7 586.9 81.7 5.4
Jet Fuel
246.4 376.8 421.7 71.1 11.9
Fuel Oil
344.8 538.3 578.2 67.7 7.4
Gas Oil (ADO)
325.6 527.8 571.9 75.7 8.4
Average
Brent Crude Oil 42.7 68.8 73.5 72.0 6.7
(USD/Barrel)
Source: Ethiopian Petroleum Enterprise

Fig.2.3: Trends in the FOB Price of Imported Petroleum Products

1000 MGR
900 Jet Fuel
800 Fuel Oil
700
Gas Oil
USD per Metric Ton

600
500
400
300
200
100
0
I II III IV I II III IV I II III IV I II III IV I

2017/18 2018/19 2019/20 2020/21 2021/22

Quarter

Source: Ethiopian Petroleum Enterprise

11 | First Quarter 2021/22

National Bank of Ethiopia Quarterly Bulletin

The average price of Brent crude oil, which During the review quarter, average retail
is used as a point of reference for price of fuel in Addis Ababa rose to Birr
international oil price, surged by 72.0 32.0 per litter from Birr 23.6 per litter last
percent to reach USD 73.5 per barrel from year same quarter, showing 35.8 percent
USD 42.7 per barrel last year same period. annual increment on account of an increase
Similarly, the average price of Brent crude in retail prices of all types of petroleum
oil was 6.7 percent higher than that of the products (Table 2.4).
previous quarter (Table 2.3).

Table 2.4: Addis Ababa Average Retail Prices of Fuel

(Birr/Liter)
2020/21 2021/22
Qtr. I Qtr. IV Qtr. I Percentage Change
Petroleum Products A B C C/A C/B
21.5 25.9 25.9 20.1 0.0
Regular Gasoline (MGR)
32.9 40.1 40.1 21.7 0.0
Fuel Oil
18.8 23.2 23.2 23.6 0.0
Gas Oil (ADO)
18.8 23.2 23.2 23.6 0.0
Kerosene
25.9 51.8 47.8 84.6 -7.7
Jet fuel
23.6 32.8 32.0 35.8 -2.4
Average
Source: Ministry of Trade

12 | First Quarter 2021/22

National Bank of Ethiopia Quarterly Bulletin

Fig.2.4: Trends of Addis Ababa Average Retail Prices

60

50

40

30

20

10

0
I II III IV I II III IV I II III IV I II III IV I
2017/18 2018/19 2019/20 2020/21 2021/22

MGR Fuel Oil Gas Oil Kerosene Jet Fuel

Source: Ministry of Trade

2.2. Electric Power Generation

A total of 3.9 billion KWH electric power Similarly, the production of electric power
was generated during the first quarter of saw a 3.1 percent slowdown compared to
2021/22, which was 3.9 percent lower than the previous quarter as power generation
a year earlier. This was due to decline in from hydropower dropped 3.1 percent from
electric power generated from hydropower biomass sources by 22.6 percent despite a
(3.6 percent), wind (4.2 percent) and 2.4 percent increase in power production
biomass (52.5 percent). from wind sources (Table 2.5).

13 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

Table 2.5: Electricity Generation by Sources

(In '000 of K.W.H)
2020/21 2021/22
Qtr. I Qtr. IV Qtr. I Percentage Change
Power Share Share (In Share
Source A (In %) B %) C (In %) C/A C/B
3,918,091.3 96.7 3,901,015.3 97.0 3,778,262.3 96.9 -3.6 -3.1
Hydropower
Thermal - - - - - - - -
Power
- - - - - - - -
Geothermal
113,199.8 2.8 105,800.0 2.6 108,391.8 2.8 -4.2 2.4
Wind
22,287.00 0.5 13,677.50 0.3 10,587.00 0.3 -52.5 -22.6
Biomass
4,053,578.2 100.0 4,020,492.8 100.0 3,897,241.2 100.0 -3.9 -3.1
Total
Source: Ethiopian Electric Power

Electric power generation from hydropower

accounted for 96.9 percent while wind and
biomass constituted 2.8 percent and 0.3
percent of the total power production
(Table 2.5).

By system of generation, virtually all the

power generated during the review quarter
was through interconnected system (ICS)2
(Table 2.6).

2
The generated power from different power stations
stored in substations before distribution
14 | First Quarter 2021/22
 National Bank of Ethiopia Quarterly Bulletin

Table 2.6: Generation of electricity power in interconnected system (ICS) and self-
contained system (SCS)
2020/21 2021/22 Percentage
System of Qtr. I Qtr. IV Qtr. I Share
Power supply A Share (in B Share (in C Share (In C/A C/B
%) %) %)
ICS
Hydro power 3,918,091.3 96.7 3,901,015.3 97.0 3,778,262.3 96.9 -3.6 -3.1

Thermal Power - - - - - - - -

Gethermal - - - - - - - -

Wind 113,199.8 2.8 105,800.0 2.6 108,391.8 2.8 -4.2 2.4

Biomass 22,287.0 0.5 13,677.5 0.3 10,587.0 0.3 -52.5 -

Sub-Total 4,053,578.2 100.0 4,020,492.8 100.0 3,897,241.2 100.0 -3.9 -3.1

SCS
Hydro power - - - - - - - -

Thermal Power - - - - - - - -

Geothermal - - - - - - - -

Wind - - - - - - - -

Sub-Total - - - - - - - -

Grand Total 4,053,578.2 100.0 4,020,492.8 100.0 3,897,241.2 100.0 -3.9 -3.1

Source: Ethiopian Electric Power

15 | First Quarter 2021/22

National Bank of Ethiopia Quarterly Bulletin

Fig.2.5: Volume of Electricity Production by Type

Hydropower Thermal Power Geo- thermal Wind Biomass

5,000,000.0
Thousand kwh

4,000,000.0
3,000,000.0
2,000,000.0
1,000,000.0
-

Quarter

Source: Ethiopian Electric Power

16 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

III. QUARTERLY PRICE DEVELOPMENTS

3.1 Developments in National CPI

Headline inflation increased to 13.1 percent

during the first quarter of 2021/22 from 8.1
point), fish and sea food (14.4 percentage
percent in the previous quarter and 5.1
point), oils & fats (13.5 percentage point),
percent last year same quarter. The rise in
bread & cereals (7.1 percentage point),
quarterly headline inflation was attributed to
vegetables (5.9 percentage point), fruit (2.7
6.9 percentage point increase in food & non-
percentage point), sugar jam, honey &
alcoholic beverages and 2.1 percentage point
chocolate (1.5 percentage point) and food
rise in non-food inflation. Likewise, the year-
products n.e.c (11.2 percentage point).
on-year headline inflation was driven by 10.6
However, price inflation of milk, cheese &
and 4.4 percentage point increases in food &
egg scaled down to 10.0 percentage points
non-alcoholic beverages and non-food
and that of meat to 0.9 percentage point
inflation, respectively. Food & non-alcoholic
(Table 3.2).
beverages contributed 9.6 percent and non-
food inflation 3.1 percent, to the quarterly Similarly, non-food inflation went up to 6.8
headline inflation (Table 3.1 and Fig 3.1). percent from 4.7 percent in the preceding
quarter and 2.4 percent a year earlier mainly
During the review quarter, food & non-
due to higher price inflation of housing,
alcoholic beverages inflation increased to
water, electricity, gas & fuel, alcoholic
17.7 percent from 10.8 percent in the
beverages & tobacco, education and
previous quarter, owing to higher inflation in
restaurants & hotel (Table 3.3).
non-alcoholic beverages (15.9 percentages

17 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

25.0
Fig.3.1: Quarterly Movement in National Inflation
20.0

15.0
Percent

10.0

5.0

0.0
QI

QI

QI

QI
QIII

QIII

QIII

QIII
QII

QII

QII
QIV

QIV

QIV

QIV
2018/19 2019/20 2020/21 2021/22
-5.0

Headline Food & Non-alcoholic bevarages Bread & Cereals Non-Food

Source: CSA

Table 3.1: Quarterly National General Consumer Prices (%) (Dec2016=100)

2020/21 2021/22 Change in %age Contributions in (%) to

QI QIV QI Points
QI-2021/22
Headline Headline
Inflation Inflation Headline
Weights Change over Change Over Inflation
in % A B C C-A C-B QI-2020/21 QIV-2021/22
Absolute Relati
ve
Headline 100 5.1 8.1 13.1 8.1 5.0 8.1 5.0 12.7 100

Food &
Non-
54 7.2 10.8 17.7 10.6 6.9 5.8 3.7 9.6 75.4
alcoholic
beverage

Non-food 46 2.4 4.7 6.8 4.4 2.1 2.2 1.2 3.1 24.6

Source: CSA and NBE Staff Computation

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 National Bank of Ethiopia Quarterly Bulletin

Fig.3.2: Contribution of Food and Non-food Inflation to the Headline Inflation in First
Quarter 2021/22

Non-food; 24.6%

Food & Non-alcoholic

beverage; 75.4%

Source: NBE Staff Computation

Table 3.2: Quarterly National Food & non-alcoholic beverages CPI Inflation (Dec2016=100)
2020/21 2020/21
Change in %age
QI QIV QI points Contribution to

Headline
Headline Inflation
Inflation Change over
Change QIV-2020/21
over QI-
Items Weights A B C C-A C-B 2020/21(%) (%)

Food & Non-alcoholic 0.54 7.2 10.9 17.7 10.5 6.8 5.6 3.6
beverages Inflation
Bread & Cereals 0.17 7.6 13.6 20.7 13.1 7.1 2.2 1.2
Meat 0.04 1.6 12.5 11.7 10.0 -0.9 0.4 0.0
Fish and sea food 0.00 8.2 2.0 16.5 8.2 14.4 0.0 0.0
Milk, cheese & egg 0.03 2.8 13.1 3.0 0.3 -10.0 0.0 -0.3
Oils & Fats 0.04 4.3 21.5 34.9 30.6 13.5 1.3 0.6
Fruit 0.00 -5.9 4.7 7.4 13.3 2.7 0.0 0.0
Vegetables 0.12 10.0 5.1 11.1 1.0 5.9 0.1 0.7
Sugar jam, honey & chocolate 0.01 -0.9 2.0 3.5 4.4 1.5 0.1 0.0
Food products n.e.c 0.06 7.1 10.1 21.2 14.2 11.2 0.8 0.6
Non-alcoholic beverages 0.05 9.8 7.2 23.0 13.2 15.9 0.7 0.8
Source: CSA and NBE Staff Computation

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 National Bank of Ethiopia Quarterly Bulletin

Table 3.3: Quarterly National Non-food CPI Inflations (Dec2016=100)

2020/21 2021/22
Change in
QI QIV QI %age points Contribution to

Headline Headline
Inflation Inflation
Change Change
over QI- over QIV-
Items Weights A B C C-A C-B 2020/21 2020/21(%)

Non-Food Inflation 0.46 2.4 4.7 6.8 4.4 2.1 2.0 1.0

Alcoholic Beverages and tobacco 0.05 -2.8 4.1 10.1 12.8 6.0 0.6 0.3

Clothing and Footwear 0.06 1.9 7.3 7.1 5.2 -0.1 0.3 0.0

Housing, Water, Electricity, Gas

0.17 2.2 0.4 6.8 4.6 6.4 0.8 1.1
and other Fuel

Furnishings, Household
Equipment and Routine 0.05 1.5 13.3 10.7 9.3 -2.6 0.4 -0.1
maintenance of houses

Health 0.01 2.7 11.2 8.8 6.0 -2.4 0.1 0.0

Transport 0.02 13.3 4.7 -0.3 -13.6 -5.0 -0.3 -0.1

Communication 0.02 -1.9 7.4 -4.8 -2.9 -12.1 -0.1 -0.2

Recreation and culture 0.00 -0.1 7.7 7.8 7.9 0.1 0.0 0.0

Education 0.00 -3.9 1.9 7.9 11.9 6.0 0.0 0.0

Restaurant & hotel 0.05 3.7 5.2 6.5 2.7 1.3 0.1 0.1

Miscellaneous Goods 0.03 3.9 9.1 5.6 1.7 -3.5 0.0 -0.1

Source: CSA and NBE Staff Computation

3.2 Developments in Regional CPI Headline inflation in Benshangul, Oromia,

The regional average headline inflation during Dire Dawa, Amhara, Gambella and Afar was

the first quarter of 2021/22 rose to 12.1 higher than the regional average. The highest

percent from 7.5 percent in the preceding headline inflation (18.1 percent) was in

quarter and 6.0 percent last year same quarter. Benshangul, and the lowest (9.4 percent) in
Somali region. As a result, the margin
between the highest and the lowest headline
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 National Bank of Ethiopia Quarterly Bulletin

inflation stood at 8.7 percentage points. The Similarly, the regional average non-food
deviation in the regional headline inflation inflation scaled up to 6.9 percent from 4.5
from the average, expressed by standard percent in the previous quarter and 4.3
deviation, scaled up to 4.7 percent from 3.4 percent last year same quarter. Benshangul,
percent in the preceding quarter and 3.7 Afar, Dire Dawa, Oromia and Amhara
percent last year same quarter (Table 3.4) regional states saw higher non-food inflation
than the regional average. Non-food inflation
The regional average food & non-alcoholic
was the highest in Benshangul (12.1 percent)
beverage inflation increased to 16.4 percent
and the lowest in SNNP (3.2 percent),
from 10.1 percent in the preceding quarter
revealing 8.9 percentage point margin. The
and 7.7 percent last year same quarter. Food
variation in non-food inflation, measured by
& non-alcoholic beverages inflation in
the standard deviation, increased to 3.8
Benshangul, Dire Dawa, Gambella, Oromia
percent in the review quarter from 2.8 percent
Amhara and SNNP was higher than the
in the previous quarter while it scaled down
regional average. The highest food & non-
from 4.4 percent last year same quarter (Table
alcoholic beverages inflation was recorded in
3.4).
Benshangul (23.6 percent) and the lowest in
Somali (14.1 percent), signifying a 9.5
percentage point margin. The variation in
food & non-alcoholic beverages inflation,
measured by standard deviation, was 6.1
percent compared to 4.7 percent a quarter
earlier and 5.1 percent a year ago (Table 3.4).

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National Bank of Ethiopia Quarterly Bulletin

Table 3.4: Quarterly Regional General, Food & non-alcoholic beverages and Non-food Inflation

2020/21 2021/22

QI QIV QI Annual Change Quarterly Change

Regions A B C C-A C-B

Food &
Food & Non- Food & Food & Food &
Non- alcoholic Non- Non- Non-
alcoholic Non- beverag Non- alcoholic Non- alcoholic Non- alcoholic Non-
General beverages food General es food General beverages food General beverages food General beverages food

SNNP 6.0 7.1 4.3 12.0 16.7 5.6 12.1 18.0 3.2 6.1 10.9 -1.2 0.1 1.3 -2.4

Harari 10.1 9.7 10.5 6.5 11.0 3.1 10.9 16.2 6.5 0.8 6.6 -4.0 4.3 5.3 3.3
Oromia 5.0 6.9 2.3 8.4 11.3 4.1 15.9 19.5 10.1 10.9 12.6 7.9 7.5 8.2 6.1
Tigray - - - - - - - - - - - - - - -
Gambella 4.8 6.0 3.1 4.8 7.1 1.3 13.9 19.7 5.0 9.1 13.8 1.8 9.1 12.6 3.7
Addis Ababa 4.6 10.7 -0.1 9.6 13.9 6.0 10.7 15.6 6.3 6.1 4.9 6.4 1.1 1.7 0.3
Dire Dawa 10.6 15.5 5.9 5.8 8.5 2.9 15.2 19.8 10.2 4.7 4.2 4.3 9.5 11.3 7.3
Benshangul. Gumuz 11.7 16.6 6.6 7.3 7.5 7.1 18.1 23.6 12.1 6.3 7.0 5.5 10.8 16.1 5.0

Somali 2.2 3.0 1.2 11.6 12.8 10.0 9.4 14.1 3.4 7.2 11.1 2.2 -2.2 1.2 -6.6
Afar 7.6 3.0 13.2 10.0 15.0 3.9 12.9 14.2 11.3 5.3 11.2 -1.9 2.9 -0.8 7.4
Amhara 3.8 6.7 0.1 6.3 7.4 5.1 14.1 19.5 7.4 10.3 12.8 7.2 7.7 12.1 2.3
Regions Average 6.0 7.7 4.3 7.5 10.1 4.5 12.1 16.4 6.9
Standard deviation 3.7 5.1 4.4 3.4 4.7 2.8 4.7 6.1 3.8
Coefficient of 0.6 0.7 1.0 0.5 0.5 0.6 0.4 0.4 0.6
variation
Source: CSA and NBE Staff Computation

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National Bank of Ethiopia Quarterly Bulletin

4. MONETARY DEVELOPMENTS

4.1. Money Supply and Credit

Broad money supply (M2) reached Birr 1.39 and 17.0 percent rise in other items (net),
trillion at the end of the first quarter, offsetting 209.4 percent contraction in net
exhibiting a 28.4 percent annual growth due external asset (Table4.1).
to 29.6 percent increase in domestic credit

Table 4.1: Factors Influencing Broad Money (In Millions of Birr)

Contributions
of Each
Component
to Broad
Money
Particulars
Qtr. I Qtr. IV Qtr. I Percentage Change growth

(Sept. 20) (June. 21) (Sept. 21)

A B C C/A C/B Annual

1. External Assets (net) (14,369.6) (812.3) (44,457.8) -209.4 -5,372.9 -9.8

2. Domestic Credit 1,205,767.9 1,481,844.4 1,562,108.4 29.6 5.4 115.6

. Claims on Central Gov't (net) 134,620.4 214,269.2 287,174.7 113.3 34.0 49.5

. Claims on Non-Central Gov't 1,071,147.6 1,267,575.3 1,274,933.7 19.0 0.6 66.1

. Financial Institutions 57,642.7 56,642.7 55,492.7 -3.7 -2.0 -0.7

. Others 1,013,504.9 1,210,932.6 1,219,441.0 20.3 0.7 66.8

3. Other Items (net) 106,409.7 132,766.0 124,492.2 17.0 -6.2 5.9

4. Broad Money (M2) 1,084,988.7 1,348,266.1 1,393,158.3 28.4 3.3 100.0

Source: Staff Computation, NBE

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.1: Major Determinants of Monetary Expansion

(Annually Change in Percent)

70.0 250.0
60.0

Net Foreign Assets (NFA)

200.0
50.0
150.0
40.0

(in percent)
100.0
30.0
Other than NFA

20.0 50.0
10.0 0.0
0.0 -50.0
-10.0
-100.0
-20.0
-150.0
-30.0

-40.0 -200.0
-50.0 -250.0

Broad Money Domestic Credit Other Items Net Net Foreign Assets

Source: Staff Computation, NBE

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.2: Composition of Domestic Credit

(Quarterly Change in Percent)

90.0

80.0
Credit to Central Government
70.0
Credit to Non-Central Government
60.0
Domestic Credit
50.0

40.0

30.0

20.0

10.0

0.0

-10.0

-20.0

-30.0

-40.0

Source: Staff computation, NBE

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 National Bank of Ethiopia Quarterly Bulletin

Component wise, quasi-money supply showed 37.1 percent and 62.9 percent to the growth of
25.8 percent annual and 3.7 percent quarterly broad money (Table 4.2).
expansion. Similarly, narrow money supply
The surge in quasi-money was attributed to
exhibited 34.1 percent annual and 2.6 percent
efforts being made by banks in expanding
quarterly growth. Thus, year-on-year basis,
their branch networks and improving their
narrow money and quasi money contributed
service outreach.

Table 4.2: Components of Broad Money (In millions of Birr, unless specified)

Contributions
of Each
Component
to Broad
Percentage Money
Particulars Qtr. I Qtr. IV Qtr. I Change growth

(Sept. 20) (June. 21) (Sept. 21) C/A C/B Annual

A B C

1. Narrow Money Supply 334,583.2 437,392.0 448,775.0 34.1 2.6 37.1

. Currency outside banks 64,666.1 133,621.3 135,810.7 110.0 1.6 23.1

. Demand Deposits (net) 269,917.2 303,770.7 312,964.3 15.9 3.0 14.0

2. Quasi-Money 750,405.4 910,874.2 944,383.3 25.8 3.7 62.9

. Savings Deposits 658,821.5 816,380.3 845,637.4 28.4 3.6 60.6

. Time Deposits 91,583.9 94,493.8 98,745.9 7.8 4.5 2.3

3. Broad Money Supply 1,084,988.7 1,348,266.1 1,393,158.3 28.4 3.3 100.0

Source: Staff Computation, NBE

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.3: Composition of Monetary Stock

(In Billions of Birr)

900.0
800.0
700.0
600.0
500.0
400.0
300.0
200.0
100.0
0.0

Time Dep. Currency Outside Banks Demand Dep.(net) Saving Dep.

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National Bank of Ethiopia Quarterly Bulletin

4.2. Developments in Reserve Money and Monetary Ratio

As at end of September 2021, reserve money The money multiplier, measured by the ratio
reached Birr 287.1 billion showing 9.8 percent of broad money to reserve money increased to
annual and 8.6 percent quarterly expansion. 4.9 from 4.2 a year ago. Similarly, the
On the other hand, excess reserves of multiplier, measured by the ratio of narrow
commercial banks contracted 54.8 percent on money to reserve money, showed annual
annual and 9.1 percent quarterly terms (Table increment but, slight quarterly decline.
4.3).

Table 4.3: Monetary Aggregates and Ratios

(In millions of Birr unless otherwise indicated)

Particulars Qtr. I Qtr. IV Qtr. I

(Sept. 20) (June. 21) (Sept. 21) Percentage Change

A B C C/A C/B

1. Reserve Requirement (CB's) 57,211.4 67,732.4 90,487.1 58.2 33.6

2. Actual Reserve (CB's) 124,961.2 101,384.0 121,089.8 -3.1 19.4

3. Excess Reserve (CB's) 67,749.8 33,651.6 30,602.7 -54.8 -9.1
4. Reserve Money 261,352.9 264,301.8 287,057.2 9.8 8.6
. Currency in Circulation 124,403.5 163,709.1 167,253.2 34.4 2.2
. Banks deposits at NBE 136,949.4 100,592.8 119,804.0 -12.5 19.1
5. Money Multiplier (Ratio):
. Narrow Money to Reserve Money 1.3 1.7 1.6 22.1 -5.5
. Broad Money to Reserve Money 4.2 5.1 4.9 16.9 -4.9
6. Other Monetary Ratios (%):
. Currency to Narrow Money 37.2 37.4 37.3 0.2 -0.4
. Currency to Broad Money 11.5 12.1 12.0 4.7 -1.1
. Narrow Money to Broad Money 30.8 32.4 32.2 4.5 -0.7
. Quasi Money to Broad Money 69.2 67.6 67.8 -2.0 0.3
Source: Staff Computation, NBE

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.4: Quarterly Growth of Reserve Money and Its Components

(Quarterly Change in Percent)

60
Quarterly Growth of Reserve Money and Its Components
50

40

30
Percentage Changes

20

10

0
QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI
-10 2017/18 2018/19 2019/20 2020/21 2021/22

-20 Quarters

Reserve Money Currency in Circulation Bank Deposits

-30

Source: Staff Computation NBE

Fig.IV.5: Monetary Aggregates (In Billions of Birr)

140
120
100
In Billions of Birr

80
60
40
20
0

Required Reserve Actual Reserve Excess Reserve

Source: Staff Computation NBE

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National Bank of Ethiopia Quarterly Bulletin

4.3. Interest Rate Developments introduction of market based T-bills

During the first quarter of 2021/22, average auction. Accordingly, weighted average

savings deposit rate and lending rate yield on T-bills increased from 6.28 percent

remained unchanged at 8.0 percent and in September 2020 to 9.18 percent in

14.25 percent, respectively while weighted September 2021. In a nut shell, considering

average time deposit rate showed slight a 34.8 percent inflation in September 2021,

annual decrease. In contrast, the yield on T- real deposit interest rates, lending rates and

bills improved significantly following the T-bill yield remained negative (Table 4.4).

Table 4.4: Interest Rate Structure of Commercial Banks (Percent per annum)
2020/21 2021/22 Percentage point Changes
Particulars
QI QIV QI Annual Quarterly
1. Savings Deposit Rate 1/
Minimum 7.00 7.00 7.00 - -
Maximum 9.00 9.00 9.00 - -
Average Saving Rate 8.00 8.00 8.00 - -
2. Time Deposits
Up to 1yr 7.83 7.78 7.76 (0.07) (0.02)
1-2 years 7.88 7.83 7.80 (0.08) (0.03)
Over 2 years 7.93 7.87 7.84 (0.09) (0.03)
Average Time Dep. Rate (Weighted) 7.88 7.83 7.80 (0.08) (0.03)
3. Demand Deposit (Weighted) 0.044 0.038 0.036 (0.01) (0.00)
4. Lending Rate 2/
Minimum 7.00 7.00 7.00 - -
Maximum 21.50 21.50 21.50 - -
Average Lending Rate 14.25 14.25 14.25 - -
5. T-bills Rate (Weighted) 6.28 9.97 9.18 2.90 (0.79)
6. GERD Bond Yield 3/
6.1 Maturity within 5 Years 7.50 7.50 7.50 - -
6.1 Maturity above 5 Years 8.00 8.00 8.00 - -
7. Headline Inflation (Year-on-year) 18.6 24.5 34.8 16.20 10.30
8. Food Inflation (Year-on-year) 21.2 28.7 42.0 20.80 13.30
9. Core/non-food Inflation (Year-on-year) 15.4 19.0 25.2 9.80 6.20
1/ Minimum interest rate on saving deposit is set by NBE, whereas the maximum indicates the highest rate some banks are
paying voluntarily.

2/ NBE has no control on lending rates, hence the minimum & maximum rates presented here are mareket determined.

3/ GERD stands for Grand Ethiopian Renaissance Dam.

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.6: Interest Rate Structure of Commercial Banks

(In percent per annum)

16.00

14.00

12.00

10.00

8.00
Value in Percent

6.00

4.00

2.00

0.00

Quarters

Simple Av. Sav. Dep. Rate Simple Av. Lend. Rate

Bond Yield T-bills Yield

Source: NBE and Commercial Banks

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National Bank of Ethiopia Quarterly Bulletin

Fig.IV.7: Average Lending Rate, Average Saving Deposit Rate, 91-day T-bills Yield & Core Inflation Rate

(In percent per annum)

16.00 30.00
14.00
25.00

inflation rate (core)

12.00
20.00
10.00
8.00 15.00
Value in Percent

6.00
10.00
4.00
5.00
2.00
0.00 0.00
Dec-19

Mar-20

Dec-20

Mar-21
Sep-19

Sep-20

Sep-21
Jun-20

Jun-21
Quarters

Lending Rate 91 day T-bills yield Av. Saving Dep.Rate Inflation rate (core)

*Core inflation rate is depicted on the right axis while lending rate, 91 dayT-bills yield and average saving deposit
rate are depicted on the left axis.

Source: Staff computation, NBE

4.4. Developments in the Financial Sector

At end of first quarter of 2021/22, the number private banks constituted 73.3 percent of the
of banks reached 20, including 18 private and total bank branches (Table 4.5).
2 state owned banks. These banks opened 298
Total capital of the banking system reached
new branches during the quarter, raising the
Birr 156.5 billion, of which the share of state
number of bank branches to 7,642. As a result,
owned banks was 52.3 percent and that of
population-to-bank branch ratio rose to
private banks 47.7 percent. Commercial Bank
13,4773. Of the total bank branches, 34.3
of Ethiopia (CBE) alone had a 33.7 percent
percent were located in Addis Ababa. State
share in total capital of the banking system
owned banks accounted for 26.7 percent while
(Table 4.5).
3
Total population is 102,988,001 as CSA Estimation for
2021/22 The number of insurance companies remained
at 18, of which 17 were private and 1 state
32 | First Quarter 2021/22
National Bank of Ethiopia Quarterly Bulletin

owned. Their branch network increased to 648 billion and held outstanding credit to the tune
from 616 a year ago. Of the total branches, of Birr 70.7 billion. Their total asset and
54.0 percent were situated in Addis Ababa. capital also exhibited 12.6 percent and 49.8
percent annual growth and amounted to Birr
Total capital of insurance companies reached
105.1 billion, and Birr 29.5 billion
Birr 11.6 billion at the end of September 2021
respectively (Table 4.7).
from Birr 10.3 billion a year ago. Private
insurance companies accounted for 73.0 The top five largest MFIs, namely: Amhara,
percent of the total capital of the insurance Dedebit, Oromia, Omo & Addis credit and
sector (Table 4.6). savings institutions accounted for 85 percent
of the total capital, 88.5 percent of the total
Meanwhile, the number of micro-finance
deposit, 82.1 percent of the total credit and
institutions (MFIs) reached 40 whose savings
83.8 percent of the total assets of MFIs.
mobilized rose 11.5 percent to Birr 52.3

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National Bank of Ethiopia Quarterly Bulletin

Table 4.5: Branch Network and Capital of the Banking System

(Branch in Number & Capital in millions of Birr)

Branch Network Capital

2020/21 2021/22 2020/21 2021/22
Quarter I Quarter IV Quarter I
Quarter Quarter Quarter
% % %
I IV I
Banks Reg A.A Total Share Reg. A.A Total Share Reg. A.A Total Share
1. Public Banks
Commercial Bank of Ethiopia 1,419 398 1,817 27.4 1489 431 1,920 26.1 1,516 441 1,957 25.6 51,852.1 50,342.47 52,753.07
Development Bank of 77 5 82 1.2 77 5 82 1.1 77 5 82 1.1 7,766.7 29,235.53 29,163.96
Total Public Banks 1,496 403 1,899 29 1,566 436 2,002 27 1,593 446 2,039 27 59,618.8 79,578.0 81,917.0
2. Private Banks -
Awash International Bank 292 199 491 7.4 381 229 610 8.3 394 243 637 8.3 8,385.5 8,385.47 11,172.4
Dashen Bank 286 164 450 6.8 302 167 469 6.4 339 174 513 6.7 5,762.1 5,762.05 7,888.9
Abyssinia Bank 375 228 603 9.1 423 252 675 9.2 468 265 733 9.6 4,191.4 4,191.44 6,878.8
Wegagen Bank 256 146 402 6.1 271 148 419 5.7 271 149 420 5.5 4,170.7 4,170.69 4,751.0
United Bank 191 165 356 5.4 206 184 390 5.3 212 189 401 5.2 4,544.4 4,544.38 5,107.8
Nib International Bank 159 188 347 5.2 198 218 416 5.7 198 218 416 5.4 5,237.4 5,237.39 5,864.1
Cooperative Bank of Oromiya 348 87 435 6.6 371 110 481 6.5 391 114 505 6.6 3,906.3 3,906.34 6,466.0
Lion International Bank 194 86 280 4.2 203 86 289 3.9 203 86 289 3.8 2,790.2 2,790.22 3,255.1
Oromia International Bank 208 108 316 4.8 219 109 328 4.5 222 111 333 4.4 3,650.6 3,650.61 4,356.8
Zemen Bank 22 32 54 0.8 25 42 67 0.9 25 42 67 0.9 2,462.2 2,462.18 3,633.1
Buna International Bank 130 115 245 3.7 169 137 306 4.2 186 147 333 4.4 2,667.5 2,667.51 3,295.2
Berhan International Bank 137 125 262 4.0 152 139 291 4.0 165 140 305 4.0 3,032.1 3,032.07 3,771.8
Abay Bank 166 88 254 3.8 199 100 299 4.1 216 108 324 4.2 2,804.3 2,804.33 3,371.7
Addis Interational Bank 32 53 85 1.3 36 60 96 1.3 38 61 99 1.3 1,130.7 1,130.71 1,328.5
Debub Global Bank 39 53 92 1.4 52 67 119 1.6 52 67 119 1.6 1,192.0 1,192.00 1,618.4
Enat Bank S.C 27 30 57 0.9 37 43 80 1.1 42 46 88 1.2 1,610.5 1,610.46 1,859.9
Hijra Bank S.C 0 7 5 12
Zamzam Bank S.S 0 1 6 7 1 8 9
Total Private Banks 2,862 1,867 4,729 71 3,245 2,097 5,342 73 3,430 2,173 5,603 73 57,538 57,538 74,619
3.Grand Total Banks 4,358 2,270 6,628 100 4,811 2,533 7,344 100 5,023 2,619 7,642 100 117,157 137,116 156,536
Source: National Bank of Ethiopia (NBE)

Note: ‘Reg’ Stands for Region and ‘A.A’ for Addis Ababa

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Fig.IV.8: Share of Branch Network and Capital of Banking System

Share of Branch-Network and Capital

percentage share from total

100%
90%
80% 42.0
49.1 47.7
70%
60% 71.3 72.7 73.3
50%
40%
30% 58.0
50.9 52.3
20%
10% 28.7 27.3 26.7
0%

Public Private

Source: NBE

Table 4.6: Branch Network & Capital of Insurance Companies

(Branch in Number & Capital in millions of Birr)

Branch Capital
2020/21 2021/22 2020/21 2021/22

Quarter I Quarter IV Quarter I Quarter I Quarter IV Quarter I

Insurance Companies A.A Reg Total A.A Reg Total A.A Reg Total Capital Capital Capital
1 Ethiopian Insurance Corporation 25 65 90 25 65 90 25 65 90 2,911 2,924 3,135
2 Awash Insurance Company 28 20 48 29 23 52 29 26 55 1,379 1,551 1,582
3 Africa Insurance Company 18 14 32 18 14 32 18 14 32 367 367 373
4 National Insurance Corporation of 22 17 39 22 17 39 22 17 39 179 206 242
5 United Insurance Company 28 12 40 28 12 40 29 12 41 744 723 793
6 Global Insurance Company 12 8 20 12 8 20 12 8 20 204 230 234
7 Nile Insurance Company 27 22 49 29 22 51 31 24 55 638 678 719
8 Nyala Insurance Company 17 18 35 17 18 35 17 18 35 961 1,049 1,123
9 Nib Insurance Company 28 14 42 28 14 42 28 15 43 628 718 710
10 Lion Insurance Company 16 20 36 16 20 36 16 22 38 328 380 295
11 E-Life & General Insurance S.C. 18 6 24 18 6 24 18 6 24 177 187 187
12 Oromia Insurance Company 22 20 42 22 21 43 22 21 43 548 690 749
13 Abay Insurance Company S.C. 15 13 28 15 14 29 15 14 29 349 382 398
14 Berhan insurance S.C 13 8 21 13 8 21 13 8 21 169 215 231
15 Tsehay Insurance S.C. 18 9 27 19 9 28 20 9 29 267 310 337
16 Lucy Insurance S.C. 12 5 17 16 6 22 16 6 22 135 112 120
17 Bunna Insurance S.C. 16 9 25 16 12 28 16 12 28 171 214 220
18 Zemen Insurance S.C. 1 - 1 2 1 3 3 1 4 119 130 138
TOTAL 336 280 616 345 290 635 350 298 648 10,274 11,066 11,586
Source: NBE

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Table 4.7: Microfinance Institutions Performance as of June 30, 2021

(In thousands of Birr)

2021/21 2021/22 % Change

Particulars QI QIV QI
A B C C/A C/B
Total Capital 19,695,910.5 27,875,026.1 29,501,482.7 49.8 5.8
Saving 46,911,371.6 52,404,252.3 52,303,450.7 11.5 -0.2
Credit 64,630,555.5 69,275,733.1 70,687,170.0 9.4 2.0
Total Assets 93,405,604.6 104,960,572.8 105,149,582.5 12.6 0.2
Source: NBE

4.5. Activities of the Banking System

4.5.1. Resource Mobilization

During the first quarter of 2021/22, total period. Of the total resources mobilized, 67.8
resources mobilized by the banking system percent was loan collection, 31.1 percent
showed 13.9 percent annual decline due to deposits and 1.1 percent borrowings (Table
demonetization undertaken last year same 4.8).

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Table 4.8: Summary of Resource Mobilization & Disbursement of the Banking System

(In millions of Birr)

State owned Banks Private Banks Grand Total

1 2 (3) = (1) + (2)
Particulars Qtr.I Qtr.IV Qtr.I
Qtr.IV Qtr.I Qtr.IV Qtr.I
2020/21 2021/22 2020/21 2021/22 2020/21 2020/21 2021/22 % Change
A B C C/A C/B
1.Deposits (net change) 37,135.2 34,632.3 55,348.1 2,920.3 105,018.7 92,483.2 37,552.6 -64.2 -59.4
-Demand 6,143.0 13,282.9 18,633.5 -9,035.2 31,946.1 24,776.5 4,247.7 -86.7 -82.9
-Saving 34,391.0 18,029.9 34,294.3 10,370.9 69,571.5 68,685.3 28,400.8 -59.2 -58.7
-Time -3,398.8 3,319.5 2,420.3 1,584.6 3,501.1 -978.5 4,904.1 40.1 -601.2
2. Borrowing (net change) 1,351.7 1,280.1 0.0 0.0 85.5 1,351.7 1,280.1 1,397.1 -5.3
-Local 170.0 -530.8 0.0 0.0 40.0 170.0 -530.8 -1,428.6 -412.2
-Foreign 1,181.6 1,811.0 0.0 0.0 45.5 1,181.6 1,811.0 3,875.9 53.3
3. Collection of Loans 24,638.1 50,758.3 42,904.3 30,946.9 34,971.5 67,542.4 81,705.3 133.6 21.0
4. Total Resources Mobilized (1+2+3) 63,124.9 86,670.8 98,252.4 33,867.3 140,075.8 161,377.3 120,538.0 -13.9 -25.3
5. Disbursement 42,122.2 36,624.2 63,758.6 28,666.6 55,028.0 105,880.7 65,290.8 18.7 -38.3
6. Change in Liquidity (4-5) 21,002.7 50,046.6 34,493.8 5,200.6 85,047.8 55,496.5 55,247.2 -35.0 -0.4
Memorandum Item:
Outstanding Credit* 763,657.4 756,720.5 519,626.4 539,971.5 1,074,294.4 1,283,283.8 1,296,692.1 20.7 1.0
Source: Commercial Banks

Notes: *Includes corporate bonds purchased by Commercial Bank of Ethiopia

Fig.IV.9: Trends in Resource Mobilization and Disbursement of Loans

180,000.00
160,000.00
140,000.00
120,000.00
In Millions of Birr

100,000.00
80,000.00
60,000.00
40,000.00
20,000.00
-
IV

IV

IV

IV

IV

IV
II

II

II

II

II

II
I

I
III

III

III

III

III

III

2015/16 2016/17 2017/18 2018/2019 2019/2020 2020/21 2021/22

Total Resource Mobilization Net Deposit Collection of Loans Disbursement of Loans

Source: NBE

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4.5.1.1. Deposit Mobilization

Outstanding deposit liability of the banking Birr 846 billion and had a 60.7 percent share in
system reached Birr 1.4 trillion by the end of total deposits. Time deposits, which with 7.5
first quarter of 2021/22, indicating a 21.6 percent share, increased 5.2 percent to Birr
percent annual growth. 104.3 billion during the review period.

Demand deposits, accounting for 31.8 percent The share of state owned banks in total deposit
of the total deposits, reached Birr 444.1 billion mobilization was 55.4 percent and that of
showing a 14.4 percent year-on-year growth private banks stood at 44.6 percent (Table 4.9).
while saving deposits went up 28.4 percent to

Table 4.9: Stock of Deposits Mobilized by the Banking System

(In millions of Birr)

Quarter I Quarter IV % Quarter I

Deposit by types 2020/21 % Share 2020/21 Share 2021/22 C/A C/B
A B C % Share
Demand Deposit 388,274.7 33.9 439,831.1 32.4 444,078.8 31.8 14.4 1.0
Saving Deposit 659,036.5 57.5 817,619.8 60.3 846,020.6 60.7 28.4 3.5
Time Deposit 99,117.8 8.6 99,371.4 7.3 104,275.6 7.5 5.2 4.9
Total 1,146,429.0 100.0 1,356,822.3 100.0 1,394,374.9 100.0 21.6 2.8
Share of State owned Banks 57.3 54.3 55.4
Share of Private Banks 42.7 45.7 44.6
Source: Commercial Banks and DBE

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Fig.IV.10: Quarterly Growth of Banks’ Deposit Liabilities by Ownership

14.00
12.00
10.00
In percent

8.00
6.00
4.00
2.00
0.00
I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I
-2.00
2015/16 2016/17 2017/18 2018/19 2019/2020 2020/21 2021/22

State owned Banks Private Banks All Banks

Source: NBE

4.5.1.2. Collection of Loans

During the review quarter, banks collected while that of public banks was 62.1 percent
Birr 81.7 billion in loans (including of the total loan collection. About 55.1
corporate bond redemption) which was percent of the total loans were collected
133.6 percent higher than last year same from private and 44.9 percent from public
period (Table 4.8). Loan collection of sectors (Table 4.12).
private banks accounted for 37.9 percent

4.5.1.3. Borrowing

Total outstanding borrowing of the banking Of the total outstanding borrowing, Birr 67.9
system stood at Birr 85.5 billion, showing billion (79.5 percent) was from domestic and
just 1.5 percent annual growth. Birr 17.5 billion (20.5 percent) from external
sources while foreign borrowing increased
45.2 percent on annual basis, domestic
borrowing slightly declined both on quarterly
and annual basis (Table 4.10).

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Table 4.10: Banks’ Outstanding Borrowing by Sources

(In millions of Birr)

2020/21 2021/22
Banks Quarter I Quarter IV Quarter I Percentage change
A B C C/B C/A
Domestic Borrowing 68,456.9 68,466.3 67,935.5 (0.8) (0.8)
Foreign Borrowing 12,071.5 15,716.0 17,526.9 11.5 45.2
Total 80,528.4 84,182.3 85,462.4 1.5 6.1
Source: Commercial Bank of Ethiopia and Development Bank of Ethiopia

4.5.2. Disbursement of Fresh Loans

During the first quarter of 2021/22, Birr 65.3 percent), ‘mines, power & water resource’
billion fresh loan (including CBE’s bond (Birr 11.1 billion or 17.1 percent),
purchases), was disbursed, indicating 18.7 international trade (Birr 10.8 billion or 16.6
percent annual increase. Of the total new loans percent), agriculture (Birr 8.4 billion or 12.8
disbursement, the share of state owned banks was
percent), manufacturing (Birr 7.5 billion or
56.1 percent and that of private banks was 43.9
11.5 percent), ‘consumer and staff loan’
percent (Tables 4.8 & 4.12).
(Birr 6.7 billion or 10.2 percent) and
housing & construction (Birr 3.7 billion or
The major beneficiaries of the fresh loans
5.6 percent) and the remaining balance was
were domestic trade (Birr 13.3 billion or 20.3
taken up by other sectors (Table 4.11).

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Fig.IV.11: Trends in Fresh Loan Disbursement by Ownership

Value in Million Birr

120,000.00
100,000.00
80,000.00
60,000.00
40,000.00
20,000.00
-

QIV

QIV

QIV

QIV
QII

QIV

QII

QII

QII

QIV

QII

QII
QI

QI

QI

QI

QI

QI

QI
QIII

QIII

QIII

QIII

QIII

QIII
2015/2016 2016/2017 2017/18 2018/19 2019/20 2020/21 2021/22

Years/Quarters
Total Public Banks Private Banks

Source: Commercial Banks and Development Bank of Ethiopia

Table 4.11: Banking Loans & Advances by Sectors (including corporate bond)
(In millions of Birr)

Public Banks Private Banks Total

(1) (2) (3)
Borrowing Sector D* C* O/S* D* C* O/S * D* C* O/S*
Corporate Bonds* 11,106 5,617 450,361 - - - 11,106 5,617 450,361
Agriculture 7,860 4,659 29,221 517 304 6,723 8,377 4,964 35,944
Manufacturing 3,447 33,479 169,287 4,081 3,289 87,932 7,528 36,768 257,218
Domestic Trade 8,249 1,224 15,386 5,015 8,533 109,183 13,264 9,756 124,569
International Trade 507 365 21,514 10,322 11,069 179,588 10,829 11,434 201,102
Export 411 302 10,060 7,978 8,444 126,680 8,389 8,746 136,740
Imports 96 63 11,454 2,344 2,625 52,908 2,440 2,688 64,362
Hotels and Tourism 39 546 4,276 690 866 22,076 729 1,413 26,352
Transport & Communication 3 71 72,554 1,492 1,118 14,246 1,495 1,189 86,800
Building and Construction 528 2,733 65,514 3,142 3,210 75,370 3,671 5,943 140,884
Mines, Power & Water Res. 11,133 3,296 329,688 - 32 441 11,133 3,328 330,129
Consumer and Staff loan 4,003 1,918 34,478 2,676 1,774 39,585 6,679 3,693 74,063
Others 854 2,467 14,802 731 751 4,828 1,586 3,218 19,630
Total 36,624 50,758 756,721 28,667 30,947 539,972 65,291 81,705 1,296,692

Source: NBE

D*= Disbursement, C*= Collection, O/S*= Outstanding Credit

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National Bank of Ethiopia Quarterly Bulletin

4.5.3. Outstanding Credit

Total outstanding credit of the banking followed by manufacturing Birr 257.2 billion
system (including corporate bond) increased or 19.8 percent, international trade Birr 201.1
20.7 percent and reached Birr 1.3 trillion as billion or 15.5 percent, building &
at end September 2021. Claims of private construction Birr 140.9 billion 10.9 percent,
banks on private sector and cooperatives domestic trade Birr 124.6 billion or 9.6
stood at 99.6 percent (Tables 4.8 & 4.12). percent and transport & communication Birr
86.8 billion or 6.7 percent. Credit to other
Sector wise, mines, power & water resources economic sectors took the remaining balance
were the major holders of the outstanding (Table 4.11).
credit with Birr 330.1 billion (25.5 percent)

Table 4.12: Breakdown of Banking System Credit by Clients

(In millions of Birr)

Loan Loan Outstanding

Particulars
Disbursement % Share Collection % Share Loan % Share
Public Banks 36,624.2 56.1 50,758.3 62.1 756,720.5 58.4
Corporate Bonds* 11,106.2 0.0 5,616.6 0.0 450,361.4 59.5
State Enterprises 2,264.6 6.2 31,020.1 61.1 144,875.0 19.1
Cooperatives 8,534.5 23.3 6,393.2 12.6 25,602.6 3.4
Private Enterprises 14,718.9 40.2 7,728.4 15.2 135,881.6 18.0
Private Banks 28,666.6 43.9 30,946.9 37.9 539,971.5 41.6
State Enterprises 514.1 1.8 82.8 0.3 2,140.7 0.4
Cooperatives 81.4 0.3 1,073.9 3.5 4,427.9 0.8
Private Enterprises 28,071.1 97.9 29,790.2 96.3 533,402.9 98.8
Grand Total 65,290.8 100.0 81,705.3 100.0 1,296,692.1 100.0
Source: Commercial banks and DBE

Notes: *Corporate bonds purchased by Commercial Bank of Ethiopia

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Fig.IV.12: Share of State Owned and Private Banks in Credit Outstanding

90.00
Value in Percent

80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
QI

QI

QI

QI

QI

QI

QI
QIII

QIII

QIII

QIII

QIII

QIII
QII

QII

QII

QII

QII

QII
QIV

QIV

QIV

QIV

QIV

QIV
2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Years/Quarters

Total Public Total Private

Source: NBE

4.6. Financial Activities of NBE

As at end September 2021, NBE’s gross compared to last year same period due to
claims on the central government increased huge government expenditure demand.
by 36.0 percent to Birr 311.9 billion, of
Meanwhile, deposit of financial
which, government bonds accounted for
institutions at the NBE contracted 12.5
63.6 percent and direct advance 36.4
percent on annual terms despite 19.1
percent. Direct advance to the central
percent quarterly increase (Table 4.13).
government rose sharply by 266.1 percent

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Table 4.13: Financial Activities of National Bank of Ethiopia

(In millions of Birr)

2020/21 2021/22
Qtr.I Qtr.IV Qtr.I % Change
Particulars A B C C/A C/B
1.Loans and Advances 287,005.36 338,505.36 367,355.36 28.0 8.5
1.1. To Central Government 229,362.65 281,862.65 311,862.65 36.0 10.6
Direct Advances 31,000.00 83,500.00 113,500.00 266.1 35.9
Bonds 198,362.65 198,362.65 198,362.65 0.0 0.0
1.2.To Development Bank of Ethiopia 57,642.71 56,642.71 55,492.71 -3.7 -2.0
2.Deposit Liabilities 170,701.77 137,565.88 151,081.03 -11.5 9.8
2.1. Government 33,548.57 36,843.50 31,109.83 -7.3 -15.6
2.2. Financial Institutions 137,153.20 100,722.38 119,971.21 -12.5 19.1
O/W:
-Banks 137,141.99 100,710.32 119,950.89 -12.5 19.1
-Insurance companies 11.2 12.1 20.3 81.3 68.5
3.Net Claims of NBE(1-2) 116,303.6 200,939.5 216,274.3 86.0 7.6
Source: National Bank of Ethiopia (NBE)

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4.7. Developments in Financial Markets

4.7.1. Treasury Bills Market

During the first quarter of 2021/22, the As a result, Birr 40.8 billion (net of
amount of T-bills supplied to the bi- redemption) was mobilized for
weekly auction market was Birr 226.0 government budget financing.
billion, showing 581.3 percent annual
The total outstanding T-bills at the end of
increment. Similarly, the demand for T-
the quarter reached Birr 161.5 billion,
bills was increased 156.5 percent to Birr
reflecting a 316.6 percent increase over
136.6 billion while the total amount of T-
last year same period. The average
bills sold reached Birr 130.6 billion,
weighted T-bills yield was 9.183 percent,
showing a 291.6 percent surge over last
about 46.2 percentage points higher than a
year same quarter. Banks bought T-bills
year earlier mainly due to the policy
worth Birr 93.5 billion while the remaining
change on issuance of T-bill through
T-bills valued at Birr 37.1 billion were
auction market (Table 4.14).
sold to non-bank institutions (Table 14.4).

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Table 4.14: Results of Treasury Bills Auction (2021/22 First Quarter) (In Millions)

2020/21 2021/22 % Change

Quarter I Quarter IV Quarter I
A B C C/A C/B
Number of Bidders 159.00 107.00 98.00 -38.36 -8.41
Public 26.00 53.00 50.00 92.31 (5.66)

Private
Public 133.00 54.00 48.00 0.00 (11.11)

Number of Bids received 159.00 107.00 98.00 -38.36 -8.41

Public 26.00 53.00 50.00 92.31 -5.66
Private 133.00 54.00 48.00 -63.91 (11.11)
Amount Demanded (Mn. Birr) 53,261.00 126,797.85 136,614.40 156.50 7.74
28-day bill 3,558.00 28,705.55 26,539.80 645.92 -7.54
91-day bill 34,967.00 55,231.30 58,386.89 66.98 5.71
182-day bill 14,736.00 24,067.00 41,771.57 183.47 73.56
364-day bill - 18,794.00 9,916.14 - (47.24)
Amount Supplied (Mn. Birr) 33,173.00 130,000.00 226,000.00 581.28 73.85
28-day bill 1,320.00 22,000.00 28,000.00 2021.21 27.27
91-day bill 20,517.00 39,000.00 87,000.00 324.04 123.08
182-day bill 11,336.00 40,500.00 88,000.00 676.29 117.28
364-day bill - 28,500.00 23,000.00 - (19.30)
Amount Sold (Mn. Birr) 33,350.00 110,553.85 130,604.40 291.62 18.14
Banks 14,343.86 53,214.55 93,500.00 551.85 75.70
Non-Banks 19,006.15 57,339.30 37,104.40 95.22 -35.29
Redemption (Mn. Birr) - 28,309.00 89,853.35 - 217.40

Average Weighted Price for

Successful bids (%) 98.21 95.87 95.98 (2.27) 0.12

28-day bill 99.59 99.28 99.37 -0.22 0.09

91-day bill 98.40 97.16 97.65 -0.76 0.51
182-day bill 96.63 95.54 95.52 -1.15 -0.02
364-day bill - 91.49 91.39 - -0.11

Average Weighted Yield for

Successful bids (%) 6.283 9.970 9.183 46.15 -7.89

28-day bill 5.34 9.450 8.232 54.06 -12.89

91-day bill 6.518 11.743 9.650 48.05 -17.83

182-day bill 6.99 9.354 9.401 34.52 0.51

364-day bill - 9.332 9.450 - 1.26

Outstanding bills at the end of

Period (Mn.Br.) 38,760.00 116,559.95 161,461.00 316.57 38.52

Banks 12,982.04 52,040.00 85,250.00 556.68 63.82

Non-Banks 25,777.96 64,519.95 76,211.00 195.64 18.12
Source: National Bank of Ethiopia (NBE)

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Fig.IV.13: Development in Treasury- bills Markets

Supply Demand
400,000.00
350,000.00
300,000.00
250,000.00
200,000.00
150,000.00
100,000.00
50,000.00
-
IV I II III IV I II III IV I II III IV I II III IV I
2017/18 2018/19 2019/20 2020/21 2021/22

Source NBE

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Fig.IV.14: Developments in Average weighted Yields of T-bills

12.5 28-day

10 91-day
(In percent)

182-day
7.5
364-day
5

2.5

0
IV I II III IV I II III IV I II III IV I II III IV I
2017/18 2018/19 2019/20 2020/21 2021/22

Source NBE

4.7.2. Inter- Bank Money Market In the same period, the amount of corporate
bonds redeemed reached Birr 5.6 billion,
There has been no inter-bank money market
held EEP & EEU, City Government of Addis
transaction during the quarter under review.
Ababa and Oromia Regional state.
4.7.3. Corporate Bond Market
Thus, the stock of corporate bonds held by
Corporate bond market remains scant in
CBE stood at Birr 450.4 billion as of end
Ethiopia with the main players being a few
September 2021, of which, 88.9 percent was
public institutions and regional governments.
a claim on public enterprises, and the
Commercial Bank of Ethiopia (CBE) remained
remaining balance on regional governments.
the sole purchaser of corporate bonds.
Corporate bonds outstanding held by EEP &

During the first quarter 2021/22, CBE EEU accounted for 73.0 percent of the total

purchased corporate bonds worth of Birr 11.1 outstanding corporate bond balance (Table

billion wholly from EEP & EEU. 4.15).

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Table 4.15: Corporate Bond Purchase, Redemption and Outstanding during the First
Quarter of 2021/22 (In millions of Birr)

2020/21 2021/22
Issuer of the Bond QI QI
NP Red O/S NP Red O/S
1. Puplic Enterprises 5,844.93 121.43 369,130.51 11,106.18 3,250.00 400,128.13
EEP&EEU 2,840.22 121.43 305,064.52 11,106.18 3,250.00 328,741.90
Railways Corporation 3,004.71 - 64,065.99 - - 71,386.23
DBE - - - -
2. Regional Governments - 1,060.68 45,131.67 - 2,366.55 50,233.23
Oromia - 21.78 392.34 - 3.59 372.46
Amhara - - - - - -
Tigray - - 91.54 - - 91.54
SNNPRS - - - - - -
Dire Dawa - - - - - -
Harari - - - - - -
City Government of - 1,038.90 44,647.79 - 2,362.96 49,769.23
Addis Ababa
3. Grand Total (1+2) 5,844.93 1,182.11 414,262.18 11,106.18 5,616.55 450,361.36
Source: NBE

Note: NP= New Purchase, Red. = Redemption, O/S= outstanding

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V. EXTERNAL SECTOR DEVELOPMENTS

5.1. Balance of Payments

During the first quarter 2021/22, the account was due to a 19.6 percent
overall balance of payments recorded widening of merchandise trade deficit
USD 972.3 million in deficit which coupled with 57.3 percent decline in
significantly widened compared to USD official transfers. Net service trade and
196.3 million deficit a year ago. This private transfers, however, showed 59.7
was attributed to a 66.0 percent surge in percent and 15.4 percent annual
current account deficit which more than increase. Similarly, capital account
offset a 44.5 percent increase in capital surplus increased mainly due to higher
account surplus. The increases in current net foreign direct investment inflows and
decline of net payment of other public
sector long term capital (Table 5.1).

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Table 5.1: Balance of Payments

(In Millions of USD)
2020/21 2021/22 Percentage Change
S/N Particulars QI QIV QI
A B C D=C/A E=C/B
1 Exports, f.o.b. 834.7 1,156.5 972.4 16.5 -15.9
Coffee 185.3 395.4 329.0 77.5 -16.8
Other 649.4 761.1 643.4 -0.9 -15.5
2 Imports 3,480.3 3,911.9 4,136.6 18.9 5.7
Fuel 377.9 600.2 678.6 79.6 13.1
Cereals 195.7 507.3 610.1 211.8 20.3
Aircraft 14.7 72.4 55.0 274.7 -24.1
Imports excl. fuel, cereals, aircraft 2,892.1 2,731.9 2,792.9 -3.4 2.2
3 Trade Balance (1-2) -2,645.6 -2,755.4 -3,164.2 19.6 14.8
4 Services, net 45.2 -154.8 72.1 59.7 -146.6
Non-factor services, net 182.3 -15.8 245.0 34.4 -1,648.1
Exports of non-factor services 1,100.1 1,302.7 1,411.9 28.3 8.4
Imports of non-factor services 917.8 1,318.5 1,166.9 27.1 -11.5
Factor services (Investment income), net -137.1 -139.0 -172.9 26.1 24.4
Interest, net 137.9 -138.9 175.0 26.9 -226.0
Dividend, net -0.1
5 Private transfers, net 1,396.3 1,792.5 1,611.5 15.4 -10.1
o/w: NGO's,(Net) 216.1 378.8 498.7 130.8 31.6
Private Individuals 1,180.2 1,413.7 1,112.8 -5.7 -21.3
6 Current account balance excluding official -1,204.1 -1,117.8 -1,480.5 23.0 32.4
transfers (3+4+5)
7 Official transfers, net 420.1 170.7 179.4 -57.3 5.1
8 Current account balance including official -784.0 -947.1 -1,301.1 66.0 37.4
transfers(6+7)
9 Capital account 435.6 1,851.7 629.6 44.5 -66.0
Official Long-term Capital, net 186.3 216.5 -48.2 -125.9 -122.3
Disbursements 202.9 269.5 138.1 -31.9 -48.7
Amortization 16.6 53.0 186.3 1,023.3 251.9
Other public long-term capital -354.1 -238.1 -249.1 -29.6 4.6
Private sector, long term 33.1 63.7 13.8 -58.3 -78.3
Foreign Direct Investment, net 617.2 1,906.7 816.5 32.3 -57.2
Short-term Capital -46.9 -97.1 96.6 -306.1 -199.4
10 Errors and Omissions [11-(9+8)] 152.0 29.0 -300.8
11 Overall balance (-13) -196.3 933.5 -972.3
12 Financing (13+16) 196.3 -933.5 972.3
13 Reserves [ Increase(-), Decrease (+)] (14+15) 196.3 -933.5 972.3
14 Central Bank (NFA) 46.2 -488.4 1,062.5
Asset -29.9 -647.5 756.0
Liabilities 76.2 159.1 306.5
15 Commercial banks (NFA) 150.1 -445.1 -90.2
16 Debt Relief
Principal
Interest
Source: NBE Staff Compilation

51 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

Total current receipts during the first bills (18.9 percent), services payments
quarter 2021/22 amounted to a USD 4.2 (27.1 percent) and public transfers (4.8
billion showing a 11.1 annual growth on percent). In contrast, private transfer
account of higher receipts from payments sharply dropped to USD 2.6
merchandise export earnings (16.5 million from USD 8.8 million. As a
percent), service proceeds (28.4 percent) result, the current account deficit
and private transfers (14.9 percent) (including official transfers) widened
despite slowdown in public transfers significantly to USD 1.3 billion from
(52.1 percent). USD 784 million deficit a year ago
(Table 5.2).
Similarly, total current payments
increased 20.5 percent to USD 5.5
billion due to huge merchandise import

Table 5.2: Current Receipts and Payments

(In millions of USD)
2020/21 2021/22

QI QIV QI Percentage Change

S/N Particulars A B C D=C/A E=C/B

1 Current Receipts 3,799.2 4,489.0 4,220.1 11.1 -6.0

Export Proceeds 834.7 1,156.5 972.4 16.5 -15.9
Service Proceeds 1,100.9 1,306.2 1,414.0 28.4 8.3
Private Transfers 1,405.2 1,799.1 1,614.1 14.9 -10.3
Public Transfers 458.4 227.2 219.5 -52.1 -3.4
2 Current Payments 4,583.2 5,436.1 5,521.2 20.5 1.6

Import Payments 3,480.3 3,911.9 4,136.6 18.9 5.7

Service Payments 1,055.7 1,461.1 1,341.9 27.1 -8.2
Private Transfers 8.8 6.6 2.6 -70.6 -60.6
Public Transfer 38.3 56.5 40.1 4.8 -29.0
3 Net, (1-2) -784.0 -947.1 -1,301.1 66.0 37.4
Source: NBE Staff Compilation

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 National Bank of Ethiopia Quarterly Bulletin

Fig V.1: Trends in Current Receipts and Payments

7,000.0
6,000.0
In Millions of USD

5,000.0
4,000.0
3,000.0
2,000.0
1,000.0
-

Qtr IV
Qtr II

Qtr IV

Qtr II

Qtr IV

Qtr II

Qtr IV

Qtr II

Qtr II

Qtr IV
Qtr I

Qtr I

Qtr I

Qtr I

Qtr I

Qtr I
Qtr III

Qtr III

Qtr III

Qtr III

Qtr III
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Current Receipts Current Payments
Source: NBE Staff Compilation

5.2. Trade Balance

Likewise, merchandise trade deficit import payments outweighed that of

widened to USD 3.2 billion from USD merchandise export receipts.
2.6 billion a year earlier as the growth of

Fig.V.2: Quarterly Movements in Export Proceeds & Import

Payments
6000
(In Millions of USD)

5000

4000

3000

2000

1000

0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Export Import

Source: Ethiopian Customs Commission

53 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

4500
Fig.V.3: Evolution of Trade Deficit
4000
(In Millions of USD) 3500
3000
2500
2000
1500
1000
500
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Source: Ethiopian Customs Commission

5.2.1. Export of Goods Likewise, proceeds from oilseeds export

increased by 1.3 percent over last year
Total receipts from export of goods
same quarter due to the rise international
showed a 16.5 percent annual growth
price by 10.7 percent despite export
owing to increased export earnings from
volume declined by 8.6 percent.
coffee (77.5 percent), chat (22.3 percent),
However, the share of oilseeds in total
flower (19.6 percent), meat & meat products
export earnings declined to 6.0 percent
(64.9 percent) and fruits & vegetables (60.1
from 7.0 percent a year earlier.
percent). On the other hand, receipts from
export of gold (33.3 percent), pulses (6.3 Earnings from export of flower showed
percent), live-animals (55.8 percent), 19.6 percent growth due to 19.9 percent
leather & leather products (11.5 percent) increase in export volume though a 0.2
and electricity (1.4 percent) showed percent marginal fall in international
reduction. price. Hence, the share of flower in total
merchandise export improved slightly to
The increase in coffee export earnings
12.6 percent from 12.3 percent.
was driven by higher international price
(9.9 percent) and volume (61.5 percent). Likewise, earnings from chat export rose
As a result, the share of coffee in total by 22.3 percent and amounted USD
export earnings rose to 33.8 percent 115.8 million owing to increased export
from 22.2 percent a year ago. volume (25.3 percent) despite the

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 National Bank of Ethiopia Quarterly Bulletin

decline in international price (2.4 to 4.3 percent from 5.0 percent a year
percent). Thus, the share of chat in total earlier.
merchandise export earnings slightly
In contrast, export earnings from gold
improved to 11.9 percent from 11.3
dropped by 33.3 percent as a result of
percent last year same period.
lower export volume (16.44 percent) and
international price (20.2 percent). Hence,
Export receipts from meat & meat
the share of gold in total merchandise
products stood at USD 26.3 million,
export contracted to 14.0 percent from
depicting 64.9 percent annual growth
24.4 percent.
owing to higher export volume (53.3
percent) and international price (7.5 In same way, export revenue from
percent). As a result, the share of meat & pulses showed 6.3 percent annual
meat products in total export earnings decrement mainly due to the lower
rose to 2.7 percent from 1.9 percent a export volume (30.1 percent) despite
year ago. higher in international price (34.1
percent). As a result, the share of pulses
Similarly, export revenue from fruits &
in total merchandise export revenue
vegetables surged 60.1 percent to USD
decreased to 4.5 percent from 5.6
21.2 million, on account of increased
percent a year ago.
international price (8.5 percent) and
increased export volume (47.6 percent). Receipts from export of leather & leather
Therefore, the share of fruits & products slowed down by 11.5 percent
vegetables in total merchandise export owing to lower export volume (3.3
receipt went up to 2.2 percent from 1.6 percent) and international price (8.5
percent. percent). Thus, the share of these export
items in total merchandise export shrank
Likewise, export revenue from textile &
to 0.8 percent from 1.1 percent.
textile products marginally increased by
0.1 percent as a result of 17.6 percent Similarly, export revenue from live-
rise in export volume despite 14.9 animals dropped 55.8 percent on annual
percent decline in international price. basis owing to the fall in export volume
Consequently, their share in total (49.1 percrnt) and international price
merchandise export earnings decreased (13.2 percent). Hence, its share in total

55 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

merchandise export earnings declined to 0.2 percent rise in international price.

0.6 percent from 1.5 percent. Therefore, the share of electricity in total
export earnings fell to 2.4 percent from
Export receipts from electricity
2.8 percent a year earlier (Tables 5.3, 5.4
decreased by 1.4 percent as export
and 5.5).
volume decreased by 1.6 percent despite

Table 5.3: Values of Major Export Items

(In Millions of USD)

2020/21 2021/22
Percentage Change
Particulars QI QIV QI
A %share B %share C %share C/A C/B
Coffee 185.3 22.2 395.4 34.2 329.0 33.8 77.5 -16.8
Oilseeds 58.0 7.0 75.8 6.6 58.8 6.0 1.3 -22.5
Leather and Leather
Products 9.3 1.1 9.6 0.8 8.2 0.8 -11.5 -14.0
Pulses 46.7 5.6 67.8 5.9 43.8 4.5 -6.3 -35.4
Meat & Meat Products 16.0 1.9 22.8 2.0 26.3 2.7 64.9 15.7
Fruits & Vegetables 13.2 1.6 19.1 1.7 21.2 2.2 60.1 10.9
Textile & Textile
Products 41.5 5.0 37.3 3.2 41.5 4.3 0.1 11.1
Live Animals 12.4 1.5 13.1 1.1 5.5 0.6 -55.8 -58.1
Chat 94.7 11.3 116.5 10.1 115.8 11.9 22.3 -0.6
Gold 203.3 24.4 201.0 17.4 135.7 14.0 -33.3 -32.5
Flower 102.5 12.3 125.8 10.9 122.6 12.6 19.6 -2.6
Electricity 23.3 2.8 28.1 2.4 23.0 2.4 -1.4 -18.3
Others 28.6 3.4 44.3 3.8 41.1 4.2 43.8 -7.1
Total Export 834.7 100.0 1,156.5 100.0 972.4 100.0 16.5 -15.9
Total Export
Excluding Electricity 811.5 1,128.4 949.4 17.0 -15.9
Source: Ethiopian Customs Commission, Ethiopian Electric Utility and Ethiopian Electric Power

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 National Bank of Ethiopia Quarterly Bulletin

Fig.V.4: Export Value of Selected Commodities

400
360
320
(Millions USD)

280
240
200
160
120
80
40
0
QII
QIII

QII
QIII

QII
QIII

QII
QIII

QII
QIII
QI

QIV
QI

QIV
QI

QIV
QI

QIV
QI

QIV
QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Coffee Oil Seeds Leather & Leather Products
Pulses Flower Gold
Chat
Source: NBE Staff Compilation

Table 5.4: Volume of Major Export Items

(In millions of Kg)
2020/21 2021/22 Percentage
Particulars QI QIV QI Change

A B C C/A C/B
Coffee 53.5 101.7 86.4 61.5 (15.0)
Oilseeds 46.2 54.6 42.2 (8.6) (22.7)
Leather and Leather Products 0.6 0.6 0.5 (3.3) (9.6)
Pulses 63.8 74.1 44.5 (30.1) (39.9)
Meat & Meat Products 3.2 4.3 4.9 53.3 14.3
Fruits & Vegetables 38.9 71.9 57.4 47.6 (20.2)
Textile & Textile Products 6.1 6.8 7.2 17.6 5.3
Live Animals 6.9 7.7 3.5 (49.1) (54.2)
Chat 16.7 20.6 20.9 25.3 1.5
Gold(In mn. of grams) 2.7 2.9 2.3 (16.4) (23.2)
Flower 22.7 27.5 27.3 19.9 (0.7)
Electricity(In mn of kwh) 430.1 505.2 423.4 (1.6) (16.2)
Source: Ethiopian Customs Commission, Ethiopian Electric Utility and Ethiopian Electric Power

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 National Bank of Ethiopia Quarterly Bulletin

Fig.V.5: Export Volume of Selected Commodities

(Millions Kg.) 200

150

100

50

0
QI QII QIIIQIV QI QII QIIIQIV QI QII QIIIQIV QI QII QIIIQIV QI QII QIIIQIV QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Coffee Oil Seeds Leather & Leather Products

Pulses Flower Gold
Chat

Source: NBE Staff Computation

Table 5.5: Unit Value of Major Export Items

(In USD/kg)
2020/21 2021/22
Percentage Change
Particulars QI QIV QI
A B C C/A C/B
Coffee 3.5 3.9 3.8 9.9 (2.1)
Oilseeds 1.3 1.4 1.4 10.7 0.2
Leather and Leather Products 16.8 16.2 15.4 (8.5) (4.9)

Pulses 0.7 0.9 1.0 34.1 7.4

Meat & Meat Products 5.0 5.3 5.4 7.5 1.2
Fruits & Vegetables 0.3 0.3 0.4 8.5 38.9
Textile & Textile Products 6.8 5.5 5.8 (14.9) 5.5
Live Animals 1.8 1.7 1.6 (13.2) (8.5)
Chat 5.7 5.7 5.5 (2.4) (2.1)
Gold (USD/grams) 75.2 68.3 60.0 (20.2) (12.1)
Flower 4.5 4.6 4.5 (0.2) (1.8)
Electricity (USD/kwh) 0.1 0.1 0.1 0.2 (2.6)
Source: Ethiopian Customs Commission, Ethiopian Electric Utility and Ethiopian Electric Power

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 National Bank of Ethiopia Quarterly Bulletin

Fig.V.6: Unit Value of Selected Export Commodities

80 7.0
70
(USD/kg,, USD/gm(Gold))
6.0
60
5.0
50

(USD/Kg)
4.0
40
3.0
30
2.0
20
10 1.0

0 0.0
QIII

QIII

QIII

QIII

QIII
QI
QII

QII
QIV
QI
QII

QIV
QI

QIV
QI
QII

QII
QIV
QI

QIV
QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Leather & Leather Products Gold Coffee (SA)

Oil Seeds (SA) Pulses (SA) Flower (SA)
Chat (SA)

Source: NBE Staff Computation

5.2.2. Import of Goods Likewise, payments for fuel import rose

sharply (79.6 percent) and its share in
Quarterly total merchandise imports
total import payments increased to 16.4
amounted to USD 4.1 billion depicting
percent from 10.9 percent during same
18.9 percent annual growth due to the
period.
surge in import of consumer goods, fuel
and semi-finished goods. Similarly, import value of semi-finished
goods increased by 5.7 percent due to
Import of consumer goods increased
significant rise of import bills of
40.6 percent, wholly driven by higher
fertilizer. However, their share in total
import of non-durable goods (48.0
merchandise import declined to 14.6
percent) despite decline in import of
percent from 16.5 percent.
durable goods (5.6 percent). As a result,
the share of consumer goods in total In contrast, capital goods import
import bills increased to 50.7 percent decreased by 27.6 percent due to lower
from 42.9 percent. import of transport goods (14.3 pecent),
agricultural goods (18 percnet) and

59 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

industrial capital goods (29.5 percent). Similarly, total imports of miscellaneous

As a result, the share of capital goods in goods depicted 15.6 percent decline
total import contracted to 16.9 percent accounting for 0.8 percent of total
from 27.8 percent. imports.

During the same period, import of raw On the contrary, total Franco-valuta
materials decreased 28.4 percent and import surged 77.8 percent and stood at
their share in total merchandise import USD 1.8 billion and constituted 44.5
declined to 0.6 percent from 1.0 percent. percent of the total import values.

Table 5.6: Values of Major Import Items

(In Millions of USD)
2020/21 2021/22
Share Share Share Percentage Changes
Particular Qtr I Qtr IV Qtr I
(%) (%) (%)
A B C C/A C/B
Raw Materials 34.9 1.0 33.2 0.8 25.0 0.6 -28.4 -24.6
Semi-finished Goods 572.5 16.5 728.5 18.6 605.0 14.6 5.7 -17.0
Fertilizers 9.6 0.3 264.7 6.8 42.5 1.0 344.3 -84.0
Fuel 377.9 10.9 600.2 15.3 678.6 16.4 79.6 13.1
Petroleum Products 358.3 10.3 571.3 14.6 655.1 15.8 82.9 14.7
Others 19.7 0.6 28.7 0.7 23.5 0.6 19.5 -18.1
Capital Goods 966.1 27.8 1,001.2 25.6 699.9 16.9 -27.6 -30.1
Transport 106.6 3.1 106.7 2.7 91.3 2.2 -14.3 -14.5
Agricultural 20.8 0.6 12.4 0.3 17.0 0.4 -18.0 37.5
Industrial 838.7 24.1 882.1 22.5 591.6 14.3 -29.5 -32.9
Consumer Goods 1,491.5 42.9 1,504.3 38.5 2,096.5 50.7 40.6 39.4
Durables 207.4 6.0 206.9 5.3 195.7 4.7 -5.6 -5.4
Non-durables 1,284.2 36.9 1,297.3 33.2 1,900.8 46.0 48.0 46.5
Miscellaneous 37.3 1.1 44.5 1.1 31.5 0.8 -15.6 -29.1
Total Imports 3,480.3 100 3,911.9 100 4,136.6 100 18.9 5.7
Source: Ethiopian Customs Commission

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Table 5.7: The Value of Franco Valuta Import

(In Millions of USD
2020/21 2021/22
Percentage Change
Commodity Group Qtr I Qtr IV Qtr I
A B C C/A C/B
Beverages
0.8 0.2 8.7 1062.1 4516.5
Chemicals
8.0 7.5 7.9 -1.0 5.6
Clothing 5.4 5.1 4.8 -10.2 -4.7
Food and live animals 133.3 478.3 556.8 317.6 16.4
Textiles 23.5 20.6 21.0 -10.3 2.0
Tobacco 0.0 0.0 0.1 174.2 49.0
Soap & polish 0.7 1.0 1.1 69.9 11.1
Fertilizer 12.6 59.7 14.3 13.9 -76.0
Paper & paper manufacturing 1.4 5.5 2.6 87.0 -53.5
Metal & metal manufacturing 103.6 100.0 75.7 -26.9 -24.3
Medical and pharmaceuticals
products 23.7 31.7 42.8 80.3 34.9
Rubber products
11.9 9.7 10.7 -9.9 10.3
Petroleum Crude
- - - - -
Petroleum product 5.3 3.6 8.9 66.6 143.6
Glass & glass ware 2.4 2.6 2.7 11.3 0.9
Electrical material 46.7 67.4 65.7 40.6 -2.5
Machine 204.7 414.7 134.9 -34.1 -67.5
Road & motor vehicles 30.5 4.6 2.7 -91.2 -41.2
Tele apparatus 0.9 0.8 4.2 355.5 451.4
Cement 0.08 0.08 0.08 0.0 0.0
Others 421.3 541.9 877.2 108.2 61.9
Total 1,036.6 1,755.0 1,842.8 77.8 5.0
Source: Ethiopian Customs Commission

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 National Bank of Ethiopia Quarterly Bulletin

5.2.3. Direction of Trade (4.3 percent), Hong Kong (2.4 percent),

Taiwan (2.3 percent), Yemen (1.6
5.2.3.1. Export of Goods
percent) and Indonesia (1.4 Percent). All
The major destinations of Ethiopian these countries constituted 87.9 percent
exports were Europe, Asia and Africa of Ethiopia’s total export to Asia.
during the first quarter of 2021/22 where
About 18 percent of Ethiopia’s export
Europe constituted 42.9 percent of
went to African countries, mainly
Ethiopia’s total exports. Switzerland
Somalia (57.9 percent), Djibouti (15.5
accounted for 32.7 percent of total
percent), Sudan (9.6 percent), South
Ethiopian exports followed by the
Africa (1.9 percent) and Kenya (1.2
Netherlands (21.4 percent), Germany
percent), which took up 86.0 percent of
(17.7 percent), Belgium (9.0 percent),
Ethiopia’s total exports to Africa.
Italy (4.5 percent), United Kingdom (3.0
percent), France (2.4 percent) and America had 9.4 percent share in
Turkey (2.2 percent) which altogether Ethiopia’s total exports of which 89.9
had 92.9 percent share of Ethiopia’s total percent was to the United States
exports to Europe. followed by Canada (7.4 percent). These
two countries alone accounted for 97.3
Asia accounted for 28.7 percent of
percent of Ethiopia’s total exports to
Ethiopia’s total exports with Saudi
America.
Arabia being the main destination
having a 23.8 percent share, followed by
United Arab Emirates (12.2 percent),
Japan (10.1 percent), Israel (8.9 percent),
South Korea (7.2 percent), China (6.8
percent), India (6.7 percent), Singapore

62 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

Fig.V.7: Export By Destination

1.0%

18.0%

28.7% Africa
Europe
America
Asia
Oceania
9.4%
42.9%

Source: NBE Staff Compilation

5.2.3.2. Import of Goods percent), Italy (8.0 percent), Germany

(7.2 percent), France (6.7 percent),
During the first quarter of 2021/22,
United Kingdom (3.5 percent), the
Ethiopia’s import from Asia accounted
Netherlands (3.3 percent), Spain (2.7
for 67.0 percent of the total imports with
percent), Belgium (2.6 percent), Russia
the major imports originating from India
(2.1 percent) and Hungary (2.1 percent).
(31.5 percent), China (28.4 percent),
These countries jointly accounted for
UAE (11.1 percent), Malaysia (10.6
91.2 percent of Ethiopia’s total imports
percent), Kuwait (5.3 percent), Saudi
from Europe.
Arabia (2.6 percent), Indonesia (2.2
percent) and Thailand (1.6 percent) all of America had 7.2 percent share in

which had a 93.3 percent share. Ethiopia’s total imports with US having
a 93.6 percent share followed by Canada
Imports from Europe constituted 20.1
(2.9 percent) and Brazil (.2.1 percent).
percent of Ethiopia’s total imports.
Turkey accounted for 37.2 percent of Africa’s share in Ethiopia’s total

total imports followed by Ukraine (15.9 merchandise import was 5.7 percent with
the major countries of origin being

63 | First Quarter 2021/22

 National Bank of Ethiopia Quarterly Bulletin

Egypt (40.5 percent), Djibouti (30.8

percent), South Africa (13.9 percent),
Kenya (11.8 percent) and Rwanda (1.2
percent) which altogether accounted for
98.3 percent of the total imports from the
continent.

Fig.V.8: Import By Origin

0.1%

Africa
5.7%
Europe
America
20.1% Asia
67.0%
Oceania

7.2%

Source: NBE Staff Compilation

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 National Bank of Ethiopia Quarterly Bulletin

5.3. Services and Transfers same period due to increased net

transport (58.1 percent) and net
5.3.1. Net Services government (69.5 percent) (Table 5.8).

During the review quarter, net services

trade surplus improved to USD 72.1
million from USD 45.2 million last year

Fig.V.9: Trends in Net Service

400.0

300.0
(In Million USD)

200.0

100.0

0.0

Qtr II
Qtr I
Qtr I
Qtr II

Qtr II

Qtr II

Qtr II
Qtr IV
Qtr I

Qtr IV
Qtr I

Qtr IV

Qtr IV
Qtr I

Qtr IV
Qtr I
Qtr III

Qtr III

Qtr III

Qtr III

Qtr III
-100.0

-200.0 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

-300.0

-400.0
Net Service Net Travel
Net Transportation Net Government (n.i.e)

Source: NBE Staff Compilation

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 National Bank of Ethiopia Quarterly Bulletin

Table 5.8: Developments in Services Accounts

(In Millions of USD)
2020/21 2021/22
QI QIV QI Percentage Change
S/N Particulars A B C D=C/A E=C/B
1 Investment Income (2+5) -137.1 -139.0 -172.9 26.1 24.4
2 Interest, net (3-4) -137.1 -138.9 -172.9 26.1 24.5
3 Credit 0.8 3.6 2.1 167.7 -41.6
4 Debit 137.9 142.5 175.0 26.9 22.8
5 Dividend, net -0.1
6 NON-FACTOR SERVICES, net (7-8) 182.3 -15.8 245.0 34.4 -1648.1

7 Exports of non-factor services 28.3 8.4

1,100.1 1,302.7 1,411.9
8 Travel 304.1 281.4 221.9 -27.0 -21.1
9 Transport 1 686.8 879.2 1049.2 52.8 19.3
10 Gov't 2 39.4 40.7 48.2 22.5 18.3
3
11 Other 69.9 101.4 92.6 32.5 -8.6

12 Imports of non-factor services 917.8 1,318.5 1,166.9 27.1 -11.5

13 Travel 53.6 150.4 211.9 295.1 40.8

14 Transport 1 543.9 715.6 823.3 51.4 15.1
2
15 Gov't 11.2 7.9 0.5 -95.8 -94.0
3
16 Other 309.1 444.5 131.2 -57.6 -70.5
17 Net Services (18+19+20+21+22) 45.2 -154.8 72.1 59.7 -146.6
18 Travel (8-13) 250.4 130.9 10.0 -96.0 -92.3
19 Transport (9-14) 142.9 163.5 225.8 58.1 38.1
20 Gov't (10-15) 28.2 32.8 47.8 69.5 45.6
21 Other (11-16) -239.2 -343.1 -38.6 -83.9 -88.7
22 Investment Income (2+5) -137.1 -139.0 -172.9 26.1 24.4

Source: MoF, Transport and Telecommunication Companies, NBE- FEMRMD and Staff Compilation

1/ Includes Ethiopian Airlines receipts and payments

2/ Includes transactions with Embassies and international organizations such as UN-ECA, AU, EU, IMF and WB

3/ Includes communication, construction, insurance, financial, information, other business

66 | First Quarter 2021/22

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5.3.2. Transfers Similarly, total transfer payments declined

to USD 42.7 million from USD 47.1 million
Total transfer receipts in the first quarter of
over the same period as private transfer
2021/22 showed a 1.6 percent yearly decline
payments dropped 70.6 percent despite a 4.8
and reached USD 1.8 billion due to 52.1
percent rise in official transfer payments. As
percent reduction in official transfers which
a result, net transfers decreased by 1.4
offset a 14.9 percent increase in private
percent to USD 1.8 billion during the review
transfers.
period (Table 5.9).

Table 5.9: Developments in Transfer Accounts

(In Millions of USD)
2020/21 2021/22 Percentage
QI Share QIV Share QI Share Change
S/N Particulars A B C D=C/A E=C/
(In %) (In %) (In %)
B
1 Private transfers, 1,396.3 76.9 1,792.5 91.3 1,611.5 90.0 15.4 -10.1
2 Credit (3+4)
net (2-5) 1,405.2 75.4 1,799.1 88.8 1,614.1 88.0 14.9 -10.3
3 NGO's 225.0 12.1 385.4 19.0 501.3 27.3 122.8 30.1
4 Private individuals 1,180.2 63.3 1,413.7 69.8 1,112.8 60.7 -5.7 -21.3
5 Debit 8.8 18.8 6.6 10.5 2.6 6.1 -70.6 -60.6
6 Official transfers, 420.1 23.1 170.7 8.7 179.4 10.0 -57.3 5.1
7 Credit
net (7-8) 458.4 24.6 227.2 11.2 219.5 12.0 -52.1 -3.4
8 Debit 38.3 81.2 56.5 89.5 40.1 93.9 4.8 -29.0
9 Total Receipts 1,863.6 100.0 2,026.3 100.0 1,833.6 100.0 -1.6 -9.5
10 Total Payments 47.1 100.0 63.1 100.0 42.7 100.0 -9.3 -32.3
11 Net Transfers 1,816.4 100.0 1,963.2 100.0 1,790.9 100.0 -1.4 -8.8

Source: NBE Staff Computation

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Fig.V.10: Trends in Private and Official Transfers, (Receipts)

2000
(In Millions of USD) 1800
1600
1400
1200
1000
800
600
400
200
0
Qtr I

Qtr IV

Qtr IV

Qtr IV

Qtr IV

Qtr IV
Qtr I

Qtr I

Qtr I

Qtr I

Qtr I
Qtr II
Qtr III

Qtr II
Qtr III

Qtr II
Qtr III

Qtr III
Qtr II

Qtr II
Qtr III
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Private Transfers Official Transfers
Source: NBE Staff Compilation

5.4. Current Account Balance

Current account deficit (including official transfers (57.3 percent). Net

official transfers) widened to USD 1.3 private transfers and net service trade,
billion from USD 784.0 million a year however, registered 15.4 percent and
ago due to higher merchandise trade 59.7 percent growth, respectively (Table
deficit (19.6 percent) and lower net 5.1).

5.5. Capital Account

Capital account recorded USD 629.6 term capital shifted from USD 46.9
million in surplus which was 44.5 million outflow to USD 96.6 million
percent higher than that of last year same inflows.
period mainly due to the rise in FDI
In contrast, net official long term capital
from USD 617.2 million to USD 816.5
and private long term capital registered
million. In addition, other public sector
125.9 percent and 58.3 percent
long term capital net payments
reduction, respectively.
decreased by 29.6 percent while short

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5.6. Changes in Reserve Position

During the first quarter of 2021/22, the commercial banks exhibited USD 90.4
overall balance of payments registered USD million build up. Hence, gross foreign
972.3 million in deficit compared to USD reserve coverage, as of September 2021, was
196.3 million deficit last year same period. 1.7 months of imports of goods and non-
Consequently, net foreign assets of the factor services of next fiscal year (Table
National Bank of Ethiopia showed USD 1.1 5.1).
billion draw dawn while those of

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5.7. Developments in the Foreign Exchange Market

5.7.1. Exchange Rate Movements

In the first quarter of 2021/22, average exchange rate of the Birr was
official exchange rate of Birr in the 46.1007/USD, indicating that the Birr
interbank market reached Birr has weakened against USD by 25.5
44.9109/USD depicting 25.5 percent percent.
annual depreciation. The end period

Table 5.10: Developments in Inter-bank Market Forex Traded and Exchange Rates

(USD/ETB)

Official Market

Period Amount Traded in

End Period Average Weighted Millions of USD
Weighted Rate Rate Among
Total
CBs
2020/21 43.6910 39.0163 12.4 0.0
Qtr. I C 36.7488 35.7771 3.10 0.00
July 35.2684 35.1278 1.00 0.00
August 36.1553 35.6843 1.05 0.00
September 36.7488 36.5192 1.05 0.00
Qtr. IV B 43.6910 42.5284 3.00 0.00
April 41.9424 41.6437 1.05 0.00
May 43.0853 42.5444 0.90 0.00
June 43.6910 43.3970 1.05 0.00
2021/22
Qtr. I A 46.1007 44.9109 3.20 0.00
July 44.3046 44.0097 1.05 0.00
August 45.4232 44.9143 1.10 0.00
September 46.1007 45.8086 1.05 0.00
A/B 5.52 5.60 6.67
Percentage Changes
A/C 25.45 25.53 3.23
Source: National Bank of Ethiopia

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In retail foreign exchange market, the Thus, the average spread between the
average buying rate in forex bureau of buying and selling rates widened to 2.0
commercial banks stood at Birr percent from 1.8 percent (Table 5.11).
44.8760/USD, showing a 25.2 percent
annual depreciation while the selling rate at
Birr 45.7711/USD, depicted a 25.4 percent
depreciation.

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Table 5.11: Amount of Foreign Exchange Purchased and Sold by Forex Bureau of Commercial Banks (In ‘000 of USD)

2020/21 2021/22
Percentage change
Quarter I Quarter IV Quarter I
A B C C/B C/A
No. Name of Forex Bureaux Purchases Sales Purchases Sales Purchases Sales Purchases Sales Purchases Sales
1 Commercial Bank of Ethiopia 26,424.1 5,547.7 30,492.3 6,022.7 27,911.1 4,909.2 (8.5) (18.5) 5.6 (11.5)
2 Bank of Abyssinia 688.5 1,353.5 683.8 2,137.6 776.8 5,974.9 13.6 179.5 12.8 341.4
3 Dashen Bank 2,959.2 2,137.5 2,668.6 1,850.0 2,654.9 3,984.6 (0.5) 115.4 (10.3) 86.4
4 Awash International Bank 910.2 1,870.2 805.1 2,510.0 657.3 6,255.2 (18.3) 149.2 (27.8) 234.5
5 Construction & Business Bank - - - - -
6 Wegagen Bank 1,270.8 676.5 502.9 375.9 1,043.7 1,101.3 107.5 193.0 (17.9) 62.8
7 United Bank 7,983.5 652.6 1,631.3 1,207.1 1,529.8 2,966.8 (6.2) 145.8 (80.8) 354.6
8 Development Bank 0.2 5.0 1.5 4.4 2.3 49.7 49.7 1022.1 933.2 893.3
9 Nib International Bank 618.0 301.8 1,147.4 236.2 1,897.4 1,061.1 65.4 349.3 207.0 251.6
10 Lion International Bank 2,885.5 48.7 286.3 33.2 152.8 55.8 (46.6) 68.2 (94.7) 14.5
11 Oromia International Bank 2,705.5 784.2 1,427.0 429.9 972.4 1,294.2 (31.9) 201.0 (64.1) 65.0
12 Zemen Bank 58.2 1,395.9 72.6 819.0 83.6 1,208.2 15.1 47.5 43.6 (13.4)
13 Cooperative Bank of Oromia 99.5 415.1 338.9 671.1 219.5 1,709.6 (35.2) 154.7 120.7 311.9
14 Buna International Bank 263.8 20.9 593.0 136.0 647.3 403.0 9.2 196.4 145.4 1824.2
15 Birhan International Bank 276.8 398.9 472.2 305.3 1,671.9 982.3 254.1 221.8 504.0 146.3
16 Abay Bank 335.6 56.4 158.9 92.1 500.5 506.9 214.9 450.2 49.1 798.8
17 Addis International Bank 1,295.5 228.8 627.8 182.7 716.4 438.5 14.1 140.0 (44.7) 91.6
18 Debub Global Bank 80.9 97.3 692.5 75.5 203.5 302.3 (70.6) 300.7 151.5 210.6
19 Enat Bank 43.7 116.5 54.8 231.0 154.5 385.3 182.2 66.8 253.8 230.8
Total 48,899.7 16,107.6 42,656.9 17,319.6 41,795.8 33,589.1 (2.0) 93.9 (14.5) 108.5
Average Exchange Rate 35.8366 36.4961 42.5414 43.3788 44.8760 45.7711 5.5 5.5 25.2 25.4
Spread 1.8 2.0 2.0
Source: National Bank of Ethiopia

Note: * Refers the percentage spread between forex bureaus average buying and selling exchange rate in a given quarter.

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Fig.V.11: Average Buying, Selling Rates and Spread of Forex Bureau of Commercial Banks

50 2.1
45
40 2.0
(Birr per USD)

35

(Percent)
30 2.0
25
20 1.9
15
10 Buying Rate Selling Rate Spread (SA) 1.9
5
0 1.8
QIII

QIII

QIII

QIII

QIII
QII

QII

QII

QII

QII
QI

QIV
QI

QIV
QI

QIV
QI

QIV
QI

QIV
QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Source: NBE Staff Compilation

In the official forex market, US dollar has Likewise, on quarterly basis, the USD
experienced mixed movements against depreciated against Swiss Franc (1.5
major international currencies. On annual percent) and SDR (0.8 percent) while it
basis, USD depreciated against SDR (1.4 appreciated against Pound Sterling (11.2
percent), Euro (1.0 percent) and Swiss Franc percent), Japanese Yen (11.1 percent) and
(0.3 percent), whereas it appreciated against Euro (0.5 percent) (Table 5.12).
Japanese Yen (15.4 percent) and Pound
Sterling (5.9 percent).

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Table 5.12: Average Official Exchange Rates (USD per Major International Currencies)

EURO JAPANESE YEN SDR POUNDSTELING SWISS FRANK

Mid Mid Mid Mid Mid
Period Buying Selling Rate Buying Selling Rate Buying Selling Rate Buying Selling Rate Buying Selling Rate

2020/21

QI C 1.1673 1.1673 1.1673 0.0094 0.0094 0.0094 1.4036 1.4036 1.4036 1.2906 1.2904 1.2905 1.0858 1.0859 1.0858

July 1.1404 1.1404 1.1404 0.0093 0.0093 0.0093 1.3867 1.3867 1.3867 1.2594 1.2594 1.2594 1.0659 1.0659 1.0659

August 1.1818 1.1818 1.1818 0.0094 0.0094 0.0094 1.4108 1.4108 1.4108 1.3119 1.3112 1.3115 1.0977 1.0977 1.0977

September 1.1798 1.1798 1.1798 0.0095 0.0095 0.0095 1.41339 1.4134 1.4134 1.3006 1.3006 1.3006 1.0938 1.0940 1.0939

QIV B 1.1869 1.1856 1.1856 0.0090 0.0090 0.0090 1.4117 1.4114 1.4116 1.3676 1.3676 1.3676 1.0735 1.0735 1.0735

April 1.1391 1.1352 1.1352 0.0087 0.0087 0.0087 1.3581 1.3573 1.3577 1.3155 1.3155 1.3155 1.0281 1.0281 1.0281

May 1.2154 1.2154 1.2154 0.0091 0.0091 0.0091 1.4399 1.4399 1.4399 1.3835 1.3835 1.3835 1.0898 1.0898 1.0898

June 1.2062 1.2062 1.2062 0.0091 0.0091 0.0091 1.4371 1.4371 1.4371 1.4039 1.4039 1.4039 1.1024 1.1024 1.1024

2021/22

QI A 1.1793 1.1792 1.1792 0.0080 0.0080 0.0080 1.4227 1.4227 1.4227 1.2211 1.2086 1.2149 1.0892 1.0892 1.0892

July 1.1822 1.1822 1.1822 0.0084 0.0084 0.0084 1.4235 1.4235 1.4235 1.3233 1.2855 1.3044 1.0882 1.0881 1.0882

August 1.1773 1.1773 1.1772 0.0077 0.0077 0.0077 1.4222 1.4222 1.4222 1.1728 1.1728 1.1728 1.0943 1.0943 1.0943

September 1.1782 1.1780 1.1781 0.0077 0.0077 0.0077 1.4222 1.4222 1.4222 1.1672 1.1675 1.1673 1.0852 1.0852 1.0852

A/B -0.64 -0.54 -0.54 -11.17 -11.11 -11.13 0.78 0.80 0.79 -10.71 -11.63 -11.17 1.47 1.46 1.47
Percentage
Changes A/C 1.02 1.01 1.01 -15.44 -15.40 -15.41 1.36 1.36 1.36 -5.39 -6.34 -5.86 0.32 0.31 0.31
Source: National Bank of Ethiopia

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On the other hand, the Birr has depreciated, On quarterly basis, the Birr lost ground
both on annual and quarterly bases, against against USD (5.6 percent), Japanese Yen
all major international currencies. It showed (5.0 percent), Swiss Franc (4.8 percent),
annual depreciation against Pound Sterling SDR (4.7 percent), Pound Sterling (4.1
(34.0 percent), SDR (27.2 percent), Euro percent) and Euro (3.3 percent) (Table 5.13).
(26.7 percent), Swiss Franc (25.8 percent),
USD (25.5 percent) and Japanese Yen (21.1
percent).

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Table 5.13: Period Average Exchange Rates (Birr per Major Currencies)

Currency

USD EURO JAPANESE YEN SDR POUNDSTERLING SWISS FRANK

Mid- Mid- Mid- Mid- Mid- Mid-
Period Buying Selling Rate Buying Selling Rate Buying Selling Rate Buying Selling Rate Buying Selling Rate Buying Selling Rate

2020/21

QI C 35.7771 36.1347 35.9559 41.7931 42.2110 42.0021 0.3369 0.3403 0.3386 50.2356 50.7379 50.4867 46.2075 46.6622 46.4349 38.8677 39.2589 39.0633

July 35.1278 35.4786 35.3032 40.1131 40.5140 40.3135 0.3284 0.3317 0.3301 48.7412 49.2286 48.9849 44.2995 44.7425 44.5210 37.4791 37.8538 37.6665

August 35.6843 36.0411 35.8627 42.1803 42.6022 42.3912 0.3363 0.3398 0.3381 50.3502 50.8537 50.6020 46.8297 47.2758 47.0527 39.1816 39.5734 39.3775

September 36.5192 36.8844 36.7018 43.0860 43.5169 43.3014 0.3460 0.3494 0.3477 51.6153 52.1315 51.8734 47.4935 47.9685 47.7310 39.9425 40.3494 40.1459

QIV B 42.5284 42.9537 42.7410 51.2589 51.7715 51.5278 0.3886 0.3925 0.3907 61.0200 61.6203 61.3301 59.4806 60.0755 59.7822 46.6729 47.1396 46.9207

April 41.6437 42.0601 41.8519 49.6979 50.1948 49.9841 0.3815 0.3853 0.3837 59.4183 59.9828 59.7303 57.6001 58.1762 57.9006 45.0147 45.4649 45.2832

May 42.5444 42.9698 42.7571 51.7087 52.2258 51.9672 0.3902 0.3941 0.3921 61.2605 61.8731 61.5668 59.8872 60.4861 60.1867 47.1336 47.6050 47.3693

June 43.3970 43.8310 43.6140 52.3703 52.8940 52.6321 0.3942 0.3982 0.3962 62.3811 63.0050 62.6931 60.9546 61.5642 61.2594 47.8702 48.3489 48.1096

2021/22

QI A 44.9109 45.3600 45.1338 52.9604 53.4857 53.2193 0.4080 0.4123 0.4102 63.8935 64.5325 64.2106 61.9269 62.5462 62.2320 48.9137 49.4010 49.1576

July 44.0097 44.4498 44.2297 52.0320 52.5524 52.2922 0.3987 0.4034 0.4010 62.6535 63.2801 62.9651 60.7721 61.3798 61.0738 47.8859 48.3590 48.1225

August 44.9143 45.3635 45.1342 52.8771 53.4059 53.1300 0.4090 0.4131 0.4111 63.8765 64.5153 64.1904 62.0138 62.6339 62.3123 49.1464 49.6379 49.3929

September 45.8086 46.2666 46.0376 53.9721 54.4990 54.2355 0.4163 0.4205 0.4184 65.1505 65.8021 65.4763 62.9950 63.6249 63.3099 49.7088 50.2061 49.9575

A/B 5.60 5.60 5.60 3.32 3.31 3.28 4.98 5.04 4.99 4.71 4.73 4.70 4.11 4.11 4.10 4.80 4.80 4.77
Percentage
Change A/C 25.53 25.53 25.53 26.72 26.71 26.71 21.09 21.15 21.13 27.19 27.19 27.18 34.02 34.04 34.02 25.85 25.83 25.84

Source: National Bank of Ethiopia

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Table 5.14: Birr per Unit of Currency End Period Mid-Market Rate

September 30, June 30, September

2020 2021 30, 2021 Percentage Change

Currency A B C C/B C/A

USD 36.9326 43.9095 46.3312 5.52 25.45

Pound 47.6527 60.7444 62.5055 2.90 31.17

Swedish Kroner 5.8037 5.1500 5.2951 2.82 -8.76

Djibouti Frank 0.2073 0.2464 0.2600 5.52 25.43

Swiss Frank 40.0310 47.6655 49.8829 4.65 24.61

Saudi Riyal 9.8463 11.7077 12.3511 5.50 25.44

UAE Dirhams 10.0538 11.9531 12.6123 5.51 25.45

Canadian Dollar 27.6131 35.4767 36.5244 2.95 32.27

Japanese Yen 0.3496 0.3971 0.4161 4.77 19.02

Euro 43.2111 52.2610 53.9991 3.33 24.97

SDR 51.9494 62.7291 65.5726 4.53 26.22

Source: NBE Staff Compilation

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5.7.2. Movements in the Real Effective Exchange Rate

During the first quarter of 2021/22, the Birr Likewise, the NEERI appreciated by 92.5
appreciated by 7.0 percent annually in real percent compared with last year same
terms largely because the gains from the quarter due to the significant depreciation of
surge in trading partners’ price was the Sudanese Pound against USD following
counteracted by the strengthening of the the decision of the Central Bank of Sudan to
Birr vis-à-vis trading partners’ countries and float the currency. However, excluding
rising domestic inflation. In particular, Sudan from the NEERI computations, the
continuously rising inflation in Sudan has Birr depreciated by 17.8 percent in nominal
eroded the price advantage of trading terms (Table 5.15).
partners. On the other hand, when netting
out the impact of Sudan from REER
computation, the REER appreciation stood
at 5.4 percent.

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Table 5.15: Trends in the Real and Nominal Effective Exchange Rates

2020/21 2021/22
Percentage Change
Item QIV QIV QI
A B C C/B C/A
REERI 148.4 179.5 158.8 -11.5 7.0
NEERI 36.4 69.6 70.0 0.6 92.5
Source: NBE Staff Compilation

NB:

REERI = Real Effective Exchange Rate Index, NEERI = Nominal Effective Exchange Rate
Index

A decrease in the REERI and NEERI implies depreciation and vice versa.

Fig.V.12: Movements in the Real and Nominal Effective Exchange Rate

250

200

150

100
REERI NEERI
50

0
QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Source: NBE Staff Compilation

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5.7.3. Volume of Transactions

In the first quarter of 2021/22, the volume of exclusively supplied by the NBE with a view to
foreign exchange traded in the inter-bank stabilize the foreign exchange market (Table
foreign exchange market amounted to USD 3.2 5:10).
million, which was 3.2 percent higher than last
year same quarter. The foreign exchange was

Fig.V.13: Foreign Exchange Trade in the Interbank Foreign Exchange Market

3.5
3.0
2.5
(In Mn USD)

2.0
1.5
1.0
0.5
0.0
QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI QII QIII QIV QI
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Total Amount Traded Amount Traded among CBs

Source: NBE Staff Compilation

In the same period, forex bureaus of USD 33.6 million which increased 108.5
commercial banks purchased USD 41.8 percent over last year same quarter (Table
million from their clients recording a 14.5 5.11).
percent annual reduction. They also sold

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VI. FEDERAL GOVERNMENT FINANCE

During first quarter of 2021/22, total government rose by 25.2 percent relative to
revenue and grants of the Federal last year same period while it dropped by 8
government declined both on annual and percent compared to a quarter earlier.
quarterly basis and its performance was 17.9
Hence, the overall fiscal balance of Federal
percent of the annual budget.
government (including grants) resulted in a
Birr 38.3 billion deficit compared to Birr
Likewise, total expenditure of the Federal
7.8 billion deficit a year ago (Table 6.1).

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Table 6.1: Summary of Quarterly Federal Government Finance

[in millions of Birr]

performance
2020/21 2021/22 Percentage changes rate

QI QIV Budget QI

No Finer points A B C D D/A D/B D/C

1 Revenue and Grants 81,108.6 73,872.2 407,863.5 72,998.6 (10.0) (1.2) 17.9
1.1 Total Revenue 75,074.7 73,872.2 369,111.0 72,998.6 (2.8) (1.2) 19.8
Tax Revenue 61,909.9 65,316.6 334,011.5 68,570.2 10.8 5.0 20.5
Direct tax 19003.4 20,044.4 96,214.4 19,724.7 3.8 (1.6) 20.5
Indirect tax 42906.5184 45,272.2 237,797.1 48,845.5 13.8 7.9 20.5
Non-Tax Revenue 13,164.8 8,555.6 35,099.5 4,428.4 (66.4) (48.2) 12.6
1.2 Grant & Relief 6,033.8 38,752 - -
2 Current Expenditure 24,487.3 48,066.3 142,522.2 38,865.8 58.7 (19.1) 27.3
3 Current - - - - - - -
Surplus/Deficit
(Including Grants) 56,621.3 25,805.9 265,341.3 34,132.8 (39.7) 32.3 12.9
(Excluding Grants) 50,587.4 25,805.9 226,588.8 34,132.8 (32.5) 32.3 15.1
4 Capital Expenditure 22,225.3 32,543.9 156,932.8 24,756.7 11.4 (23.9) 15.8
5 Regional Transfers 42,187.3 40,435.3 207,276.7 47,723.0 13.1 18.0 23.0
6 Total Expenditure 88,900.0 121,045.5 506,731.7 111,345.5 25.2 (8.0) 22.0
7 Overall - - - - - - -
Surplus/Deficit
(Including Grants) (7,791.4) (47,173.3) (98,868.3) (38,346.9) 392.2 (18.7) 38.8
(Excluding Grants) (13,825.2) (47,173.3) (137,620.8) (38,346.9) 177.4 (18.7) 27.9
8 Total Financing 7,791.4 47,173.3 98,868.3 38,346.9 392.2 (18.7) 38.8
8.1 Net External 2,902.6 4,216.5 30,706.7 1,203.3 (58.5) (71.5) 3.9
Borrowings
External 3,130.3 4,995.1 24,136.5 4,446.4 42.0 (11.0) 18.4
Borrowing
Amortization 586.7 2,294.5 18,956.3 3,243.2 452.8 41.3 17.1
8.2 Net Domestic (1,837.2) 69,116.2 68,161.5 54,928.7 (3,089.8) (20.5) 80.6
Borrowings
Banking System (1,451.1) 50,255.9 - 10,721.9 (838.9) (78.7) -
Non-Bank Sources (386.0) 18,860.3 - 44,206.8 (11,551.3) 134.4 -
8.3 Privatization receipts - - - - - -

8.4 Others and Residuals 6,726.0 (26,159) - (17,785.1) (364.4) (32.0)

Source: Ministry of Finance

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6.1. Revenue and Grants

Total revenue and grants mobilized during domestic sources. Of the total revenue, tax
the review period, reached Birr 72.9 billion, and non-tax revenues accounted for 93.9
all of which was mobilized collected from percent and 6.1 percent, respectively.

Table 6.2: Summary of Federal Government Revenue by Component

(In Millions of Birr)

2020/21 2021/22 Percentage Performance

Particulars Change Rate
No QI QIV Budget QI D/A D/B D/C
A B C D
Total Revenue and 81,108.6 73,872.2 407,863.5 72,998.6 (10.0) (1.2) 17.9
Grants
Total Domestic 75,074.7 73,872.2 369,111.0 72,998.6 (2.8) (1.2) 19.8
Revenue
1 Tax Revenue 61,909.9 65,316.6 334,011.5 68,570.2 10.8 5.0 20.5

1.1 Direct Tax 19,003.4 20,044.4 96,214.4 19,724.7 3.8 (1.6) 20.5
Revenue
1.1.1 Income Taxes 16,722.9 16,917.5 76,638.7 16,889.5 1.0 (0.2) 22.0

- Personal 4,330.6 3834.9 21,820.2 5351.7 23.6 39.6 24.5

- Business 12,392.3 13082.6 54,818.5 11537.8 (6.9) (11.8) 21.0

1.1.2 Others1 2,280.5 3126.9 19,575.7 2,835.2 24.3 (9.3) 14.5

1.2 Indirect Taxes 42,906.5 45,272.2 237,797.1 48,845.5 13.8 7.9 20.5

1.2.1 Domestic Taxes 16,597.5 18,354.4 90,832.0 18,876.2 13.7 2.8 20.8

1.2.2 Foreign Trade Taxes 26,309.0 26,917.8 146,965.0 29,969.4 13.9 11.3 20.4

- Import 26,309.0 26,917.8 146,965.0 29,969.4 13.9 11.3 20.4

2 Non-Tax Revenue 13,164.8 8555.6 35,099.5 4428.4 (66.4) (48.2) 12.6

3 Privatization - - - -

4 Grants and Relief 6,033.8 38,752.5 0.0 (100.0) 0.0

Source: Ministry of Finance

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Fig.VI.1: Quarterly Developments in Major Components of Domestic Revenue of the Federal

Government

100000

90000

80000

70000

60000
(In Millions of Birr)

50000

40000

30000

20000

10000

0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2017/18 2018/19 201920 2020/21 2021/22

Total Domestic Revenue Tax Revenue Direct Tax Revenue Indirect Taxes Non -Tax Revenue

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 National Bank of Ethiopia Quarterly Bulletin

Fig.VI.2: Domestic Revenue by Major Components during the First quarter of 2021/22

Non Tax Revenue

6.1% Direct Tax Revenue

27.0%

Indirect Tax Revenue

66.9%

Total tax revenue stood at Birr 68.5 revenue rose 5.0 percent relative to the
billion depicting a 10.8 percent preceding quarter wholly due to an
increment over last year same quarter. increase in indirect tax revenue (7.9
This was on account of 13.3 percent percet). Thus, the performance of total
increase in indirect tax and 3.8 percent in tax revenue vis-à-vis the annual budget
direct tax revenues. Likewise, total tax was 20.5 percent (Table 6.2).

6.2. Expenditure

Total Federal government expenditure (34.9 percent) went to finance current

including regional transfers, amounted to expenditures and Birr 24.7 billion (22.2
Birr 111.3 billion, which was 25.2 percent percent) to fund capital expenditures.
higher than last year same quarter but 8 The balance birr 47.7 billion or 42.9 percent
percent lower than the preceding quarter was regional transfers. In a nutshell, current

Of the total expenditure, Birr 38.8 billion expenditure showed 58.7 percent, capital

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 National Bank of Ethiopia Quarterly Bulletin

expenditures 11.4 percent and rregional the review quarter.

transfers’ 13.1 percent annual growth during

Tale 6.3: Summary of Federal Government Expenditure by components

(In Millions of Birr)

2020/21 2021/22 Percentage Performance

Change Rate
No Particulars QI QIV Budget QI D/A D/B D/C
A B C D
Total Expenditure 88,900.0 121,045.5 506,731.7 111,345.5 25.2 (8.0) 22.0
1 Current Expenditure 24,487.3 48,066.3 142,522.2 38,865.8 58.7 (19.1) 27.3
- General Services 9,720.4 21,332.0 46,069.3 12,372.8 27.3 (42.0) 26.9
- Economic Services 1,954.0 1,831.8 7,259.3 2,655.0 35.9 44.9 36.6
- Social Services 10,757.1 12,889.2 51,863.7 19,013.1 76.7 47.5 36.7
- Others expenditure 236.8 83 11,864.6 308.0 30.1 270.0 2.6
- Debt Service 1,819.1 11930.1 25,465.3 4,516.9 148.3 (62.1) 17.7
2 Capital Expenditure 22,225.3 32,543.9 156,932.8 24,756.7 11.4 (23.9) 15.8
- Economic Development 17,028.3 17698.7 111,267.5 18,068.8 6.1 2.1 16.2
- Social Development 4,691.2 12566.3 34,468.0 6,010.8 28.1 (52.2) 17.4
- General Development 505.8 2278.9 11,197.4 677.1 33.9 (70.3) 6.0
4 Regional Transfers 42,187.3 40435.3 207,276.7 47,723.0 13.1 18.0 23.0
Source: Ministry of Finance

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Fig.VI.3: Major Components of Federal Governments Expenditure during the First Quarter of
2021/22

Regional Transfer
42.9%

Current
Expenditure
34.9%

Capital Expenditure
22.2%

Fig.VI.4: Quarterly Developments in Federal Government Expenditure by components

140000

120000

100000

80000
(In Millions of Birr)

60000

40000

20000

2017/18 2018/19 2019/20

Quarters/Years 2020/21 2021/22
Total Expenditure Current Expenditure
Capital Expenditure Regional Transfers

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 National Bank of Ethiopia Quarterly Bulletin

6.3. Deficit Financing

Budgetary operations of the Federal billion deficit last year same period. The
government, including grants, showed deficit was financed from external and
Birr 38.3 billion in overall defict which domestic borrowing.
was significantly higher than the Birr 7.8

Fig.VI.5 Federal Government Finance during First Quarter of F.Y 2017/18

200000
180000
160000
140000
(In Millions of Birr)

120000
100000
80000
60000
40000
20000
0

2017/18 2018/19 2019/20 2020/21 2021/22

Quarters/Years
Expenditure Deficit Revenue Including Grants

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 National Bank of Ethiopia Quarterly Bulletin

VII. DEVELOPMENTS IN INVESTMENT

During the first quarter of 2021/22, 13 million (or 19.1 percent) while that of
investment projects with investment capital foreign investment projects was Birr 80.7
of Birr 99.8 million became operational. million (or 80.9 percent).
Compared to last year same quarter, both the
number of investment projects and These investment projects generated
investment capital decreased by 18.8 and employment opportunities for 8,203
94.6 percent, respectively. employees and showed a significant annual
and quarterly increase. Of the total
All the investment projects that commenced employment created, 74.2 percent was
operation during the period were private, of permanent and 25.8 percent casual (Table
which 23.1 percent were domestic and 76.9 7.1).
percent foreign. Domestic investment
projects had investment capital of Birr 19.1

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Table 7.1: Performance of Operational Investment Projects

Capital (in millions of Birr)
2020/21 2021/22 Percentage Changes
QI QIV QI
Type of Projects Items A B C Share C/A C/B
16 22 13 100 -18.8 -40.9
Number of projects
1,846.2 1,075.0 99.8 100 -94.6 -90.7
1. Total Capital
Investment
36 386 6,086 100 16,805.6 1,476.7
Permanent Employment
2 485 2,117 100 105,750.0 336.5
Temporary Employment
16 22 13 100 -199.2 -40.9
Number of projects
1,846.2 1,075.0 99.8 100 -94.6 -90.7
2. Private Capital
Investment 36 386 6,086 100 16,805.6 1,476.7
Permanent Employment
2 485 2,117 100 105,750.0 336.5
Temporary Employment
14 16 3 23.1 -78.6 -81.3
Number of projects
75.7 716.9 19.1 19.1 -74.8 -97.3
2.1 Domestic Capital
Investment - 177 35 0.6 - -80.2
Permanent Employment
- 166 7 0.3 - -95.8
Temporary Employment
2 6 10 76.9 400.0 66.7
Number of projects
2.2. Foreign 1,770.5 358.1 80.7 80.9 -95.4 -77.5
Investment Capital
36 209 6,051 99.4 16,708.3 2,795.2
Permanent Employment
Temporary Employment 2 319 2,110 99.7 105,400.0 561.4
- - - - - -
Number of projects
- - - - - -
3. Public Capital
Investment - - - - - -
Permanent Employment
- - - - - -
Temporary Employment
Source: Ethiopian Investment Commission

As for sectoral distribution, manufacturing service 7.7 percent. Of the total Birr 99.8
constituted 53.8 percent of the total million capitals invested, manufacturing
investment projects, real estate, renting and accounted for 70.9 percent, real estate,
business activities 30.8 percent, tour renting and business activities 19.6 percent,
operation, transport & communication 7.7 wholesale, retail trade & repair service 7.5
percent and wholesale, retail trade & repair

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 National Bank of Ethiopia Quarterly Bulletin

percent and tour operation, transport & accounting 51.2 percent of temporary
communication 2 percent. employment followed by wholesale, retail
About 66.7 percent of the permanent trade & repair service (45.8 percent), real
employment was created by manufacturing, estate, renting & business activities (2.9
32.3 percent by wholesale, retail trade & percent) and tour operation, transport, &
repair service and 0.9 percent by real estate, communication (0.1 percent) (Table 7.2).
renting and business activities. At the same
time, manufacturing is the leading sector by

Table 7.2: Investment Distribution by Sector during the First Quarter of 2021/22
No. of Share Capital (in Share (%) Perm. Share Temp. Share
Sectors Proj. (%) Million Birr) Emp. (%) Emp. (%)

Agriculture, hunting
and forestry - - - - - - - -
Construction - - - - - - - -
Education - - - - - - - -
Electricity, gas, steam
and water supply - - - - - - - -
Health and social work - - - - - - - -
Hotels and restaurants - - - - - - - -
Manufacturing 7 53.8 70.7 70.9 4,062 66.7 1,084 51.2
Mining and quarrying - - - - - - - -
Other community,
social and personal
service activities - - - - - - - -
Real estate, renting and
business activities 4 30.8 19.6 19.6 57 0.9 62 2.9
Tour operation,
transport, and
communication 1 7.7 2.0 2.0 3 0.0 2 0.1
Wholesale, retail trade
& repair service 1 7.7 7.4 7.5 1,964 32.3 969 45.8
Others*
- - - - - - - -
Grand Total
13 100 99.8 100 6,086 100 2,117 100
Source: Ethiopian Investment Commission
*Includes export of flowers, spices, cotton and cotton product, wooden handicrafts, souvenirs and flower baskets,
data center services.

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In terms of regional distribution, Addis projects accounted for 99.4 percent of the
Ababa took about 23.1 percent of the total total permanent and 99.7 percent temporary
projects with 19.0 percent total investment employments. Addis Ababa, on its part,
capital while multiregional projects constituted 0.6 and 0.3 percent of total
constituted 76.9 percent of the total projects permanent and temporary employment,
and 81.0 percent of total investment capital. respectively (Table 7.3).
In terms of job creation, multiregional

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Table 7.3: Performance of Operational Investment Projects by Region Capital in million Birr
2020/21 2021/22 Growth Rate
VIII. INTERNATIONAL ECONOMIC DEVELOPMENTS
QI QIV QI C/A C/B

A B C Share In (%)
Region

No of Proj

No of Proj

No of Proj

No of Proj

No of Proj

No of Proj
Temp emp

Temp emp

Temp emp

Temp emp

Temp emp

Temp emp
Perm emp

Perm emp

Perm emp

Perm emp

Perm emp

Perm emp
Capital.

Capital.
Capital

Capital

Capital

Capital
Addis
Ababa 14 76 - - 16 717 177 166 3 19 35 7 23.1 19.1 0.6 0.3 -79 -75 - - -81 -97 - -96

Afar - - - - - - - - - - - - - - - - - - - - - - - -

Amhara - - - - - - - - - - - - - - - - - - - - - - - -

B.Gumuz - - - - - - - - - - - - - - - - - - - - - - - -
Dire Dawa - - - - - - - - - - - - - - - - - - - - - - - -

Oromia - - - - - - - - - - - - - - - - - - - - - - - -

SNNPR - - - - - - - - - - - - - - - - - - - - - - - -

Gamb - - - - - - - - - - - - - - - - - - - - - - - -
Somali - - - - - - - - - - - - - - - - - - - - - - - -

Harari - - - - - - - - - - - - - - - - - - - - - - - -
Tigray - - - - - - - - - - - - - - - - - - - - - - - -
Multi-
regional 2 1,770 36 2 6 36 209 319 10 81 6,051 2,110 76.9 80.9 99.4 99.7 400 -95 16,708 105,400 67 125 2,795 561

Grand
Total 16 1,846 36 2 22 753 386 485 13 100 6,086 2,117 100 100 100 100 -19 -95 16,806 105,750 355 -87 -74 -79
Source: Ethiopian Investment Commission

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VIII. INTERNATIONAL ECONOMIC DEVELOPMENTS

8.1. Overview of the World Economy4 the third consecutive month in emerging
markets.
Global economic activity is decelerating
owing to a combination of factors, most In the United States, the economic recovery
prominently persistent supply bottlenecks. is moderating amid supply chain constraints
The moderating growth momentum partly and the surge in Delta variant cases.
reflects a normalisation from the post- COVID-19 cases increased at the start of the
COVID-19 rebound as base and re-opening first quarter of 2021/22, leading to a plunge
effects disappear and incentive decreases. At in consumer confidence and lower spending,
the same time, adverse characteristic factors especially in vulnerable industries. In
in selected major economies such as addition, household disposable income fell
COVID-19 resurgences, labour shortages in real terms in August, as unemployment
and a property sector slowdown imply rising benefits fell back to pre-COVID-19 levels.
downside risks to the outlook. The global
In the United Kingdom, due to combination
composite output Purchasing Managers’
of the Delta variant spike, labour shortages
Index (PMI) excluding the euro area
and broader supply-side disruptions led to a
confirmed that growth momentum
moderation of growth to 0.4 percent month
moderated in advanced economies in August
on month in August. Retail sales and
and September, although it remained well
business and consumer confidence surveys
above its historical average. Growth
also signal a slowdown in the first quarter of
momentum in emerging market economies
2021/22.
remained softer than in advanced
economies, especially in manufacturing. In Japan, a firmer recovery is no longer
Specifically, industrial production expected until nearer the end of the year
momentum continued to soften in advanced amid headwinds from lingering supply
economies in July, while it contracted for bottlenecks. A surge in new infections in the
early summer and the expansion of the latest
state of emergency weighed on mobility and
4
Sections 8.1– 8.3 are excerpted from European
consumption in August. Given that the
Central Bank monthly bulletin of 7/2021.
number of cases has steadily decreased,

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consumption is expected to recover to some related to the COVID-19 outbreak, power

extent in September, as indicated by the shortages and the property sector slowdown.
latest survey data. Monthly indicators for September point to a
gradual pick-up in retail sales since July. By
In China, GDP decelerated in the first
contrast, industrial production and
quarter of 2021/22. Economic activity rose
investment continued to decelerate. Rising
by 0.2 percent in quarter-on-quarter terms in
uncertainties related to real estate activity
the first quarter of 2021/22 (4.9 percent year
and energy constraints are increasing
on year), compared with 1.2 percent in the
downside risks for the near-term growth
previous quarter. The slowing momentum is
outlook.

8.2. Inflation Developments

Global price pressures remain raised. price pressures are still seen as temporary.
Annual consumer price index (CPI) inflation Nevertheless, inflation expectations for 2022
in the countries of the Organisation for slightly increased in advanced economies in
Economic Co-operation and Development September. At the same time, input and
(OECD) increased marginally in August to output prices from PMIs for advanced
4.3 percent on account of increasing food economies remained close to historically
and energy inflation, still reflecting the high levels, amid record-high freight rates,
rebound from the low price levels recorded while price pressures again rose in emerging
after the COVID-19 outbreak. Meanwhile, markets.
core inflation remained stable at 3.1 percent,
unchanged since June. Most of the current

8.3. Commodity Price

Oil prices climbed on the back of demand recovery and substitution from gas to oil
and supply factors. Oil prices have increased amid high gas prices. On the supply side,
to well above pre-pandemic levels since the OPEC+ failed to reach its targets in August
Governing Council meeting in September, and September, mainly owing to capacity
supported by the on-going global economic problems in Nigeria and Angola. In the

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United States, the recovery in shale oil since the last Governing Council meeting,
production has been sluggish and supply with higher energy input costs more
was further interrupted by Hurricane Ida. prominently supporting copper and
Food and metal prices have also increased aluminium prices.

8.4. Exchange Rate Developments

In foreign exchange markets, the euro based volatility. The euro also continued
depreciated in trade-weighted terms, appreciating against the currencies of
reflecting a broad-based weakening against several non-euro area EU Member States,
several major currencies. Over the review including the Hungarian forint (by 3.8
period the nominal effective exchange rate percent), the Polish zloty (by 1.9 percent)
of the euro, as measured against the and the Czech koruna (by 1.1 percent).
currencies of 42 of the euro area’s most
important trading partners, weakened by 0.9
percent. The euro depreciated against the US
dollar (by 1.8 percent), continuing its recent
downward trend and reflecting market
expectations of a faster normalisation of US
monetary policy relative to the euro area.
The euro also weakened against other major
currencies, including the Chinese renminbi
(by 2.8 percent), the Swiss franc (by 1.8
percent) and the pound sterling (by 1.2
percent), and strongly depreciated (by 5.5
percent) against the Russian rouble, which
displayed broad-based strength in the
context of the recent increase in energy
prices. Over the same period the euro
appreciated significantly against the Turkish
lira (by 9.9 percent) and the Brazilian real
(by 2.9 percent), amid their recent broad-

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8.5. Impact of Global Economic Development on Ethiopian Economy

During the first quarter of 2021/22, the helped the country to generate significant
global economic activity is decelerating foreign exchange from its commodity
while global inflation rose and oil prices export. However, the negative impact of the
mounted on the back of demand and supply rise of international crude oil prices resulted
factors. Oil prices increased to well above in the country’s trade balance to widen
the pre-pandemic level. which worsened further the current account
balance compared to last year the same
As a positive impact, the rise of commodity
period.
price and recovery of global economy

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 Table 1(a): Statement of Condition of National Bank of Ethipia:
Assets
(In Millions of Birr)

Foreign Assets Claims on Government

End of Advance Silver Other
Period Reserve Foreign Direct to DBE Coins Assets
Total Gold Others Total Bond Others
Tranche Exchange Advance
2008/09
Qtr.I 8,636.72 15.01 110.78 8,010.33 500.60 44,270.98 9,692.98 34,578.00 - - - 2,516.61
Qtr.II 9,260.43 81.90 112.13 8,551.39 515.01 42,948.98 9,692.98 33,256.00 - - - 2,567.86
Qtr.III 13,284.94 8.60 120.45 12,580.96 574.93 42,248.98 9,692.98 32,556.00 - - - 2,690.57
Qtr.IV 17,214.61 18.17 127.45 16,488.13 580.86 44,498.73 9,607.73 34,891.00 - - - 2,627.60
2009/10
Qtr.I 22,262.14 120.26 143.91 21,002.66 995.32 44,326.63 9,555.63 34,771.00 - - - 2,664.26
Qtr.II 23,445.68 287.33 144.34 22,018.26 995.76 43,610.83 9,555.63 34,055.20 - - - 2,705.57
Qtr.III 27,285.95 267.70 148.18 24,480.32 2,389.76 45,989.73 9,555.63 36,434.10 - - - 3,048.61
Qtr.IV 27,289.34 443.30 145.70 23,490.22 3,210.12 45,522.78 9,478.68 36,044.10 - - - 3,041.10
2010/11
Qtr.I 35,852.22 490.52 184.31 31,229.17 3,948.22 47,983.68 9,426.58 38,557.10 - - - 3,150.64
Qtr.II 40,042.00 444.17 184.63 34,418.71 4,994.49 50,488.58 9,426.58 41,062.00 - - - 3,269.68
Qtr.III 45,367.31 1,636.24 192.33 38,413.88 5,124.86 51,930.58 9,426.58 42,504.00 - - - 7,413.23
Qtr.IV 51,551.39 1,395.23 195.67 44,738.80 5,221.68 55,614.64 9,349.64 46,265.00 - 6,250.00 - 7,650.19
2011/12
Qtr.I 59,724.20 1,037.56 195.24 53,248.95 5,242.45 55,566.48 9,301.54 46,264.95 - 7,400.00 - 7,928.55
Qtr.II 51,965.40 479.44 193.30 46,056.19 5,236.48 55,562.48 9,297.54 46,264.95 - 10,070.00 - 10,747.88
Qtr.III 40,349.89 669.26 195.77 34,192.43 5,292.44 55,562.48 9,297.54 46,264.95 - 11,870.00 - 10,948.76
Qtr.IV 40,101.45 2,038.08 195.32 32,528.76 5,339.29 55,562.48 9,297.54 46,264.95 - 12,502.00 - 12,951.32
2012/13
Qtr.I 44,307.75 (24.32) 201.51 38,671.89 5,458.67 55,510.38 9,245.44 46,264.95 - 12,502.00 - 16,383.71
Qtr.II 46,620.93 1,964.27 203.98 38,926.61 5,526.08 55,510.38 9,245.44 46,264.95 - 13,307.00 - 20,867.63
Qtr.III 50,358.05 1,310.29 201.42 43,334.32 5,512.02 59,510.38 9,245.44 50,264.95 - 14,807.00 - 25,469.44
Qtr.IV 44,140.03 2,253.17 201.78 36,078.39 5,606.69 64,510.38 9,245.44 55,264.95 - 16,507.00 - 20,560.93
2013/14
Qtr.I 46,471.52 2,656.15 209.91 37,900.27 5,705.18 64,381.33 9,116.39 55,264.95 - 16,807.00 - 25,388.28
Qtr.II 49,513.05 1,522.50 214.30 41,971.87 5,804.38 64,381.33 9,116.39 55,264.95 - 17,207.00 - 28,944.33
Qtr.III 45,838.73 1,333.55 217.05 38,439.61 5,848.52 73,381.33 9,116.39 64,264.95 - 17,507.00 - 26,128.62
Qtr.IV 50,624.47 1,217.59 218.41 43,237.44 5,951.02 73,304.39 9,039.44 64,264.95 - 20,257.00 - 25,566.64
2014/15
Qtr.I 52,555.40 1,217.59 215.08 45,256.47 5,866.25 73,175.34 8,910.39 64,264.95 - 21,957.00 - 26,679.17
Qtr.II 74,840.58 741.24 317.35 67,914.12 5,867.87 78,175.34 8,910.39 69,264.95 - 22,157.00 - 27,953.04
Qtr.III 64,152.02 206.89 307.11 57,837.68 5,800.34 81,175.34 8,910.39 72,264.95 - 22,857.00 - 33,275.33
Qtr.IV 66,817.67 79.30 315.26 60,856.52 5,566.59 92,175.34 8,910.39 83,264.95 - 23,357.00 - 27,477.29
2015/16
Qtr.I 65,085.59 (101.65) 318.69 59,349.29 5,519.27 99,657.34 8,392.40 91,264.95 - 23,857.00 - 27,240.74
Qtr.II 84,226.48 222.87 319.06 78,442.72 5,241.83 104,657.34 8,392.40 96,264.95 - 24,857.00 - 36,166.96
Qtr.III 72,889.54 1,136.99 325.65 66,362.68 5,064.22 104,657.34 8,392.40 96,264.95 - 24,857.00 - 49,245.99
Qtr.IV 74,156.73 1,113.92 331.50 67,851.69 4,859.62 109,080.40 8,315.45 100,764.95 - 25,607.00 - 53,471.19
2016/17
Qtr.I 74,949.60 8.43 336.04 69,963.93 4,641.20 115,640.85 7,875.90 107,764.95 - 25,607.00 - 60,022.94
Qtr.II 72,397.44 1,139.58 326.66 66,561.06 4,370.15 120,640.85 7,875.90 112,764.95 - 26,107.00 - 60,244.19
Qtr.III 70,874.56 1,135.37 337.66 61,851.06 7,550.46 129,640.85 7,875.90 121,764.95 - 26,607.00 - 61,151.48
Qtr.IV 73,874.32 741.33 349.42 68,851.84 3,931.73 135,632.85 7,867.90 127,764.95 - 27,226.00 - 53,200.57
2017/18
Qtr.I 68,636.42 0.01 359.52 64,643.51 3,633.38 150,632.85 7,867.90 142,764.95 - 27,226.00 - 53,714.62
Qtr.II 82,254.04 0.01 420.35 77,584.06 4,249.63 160,128.85 7,863.90 152,264.95 - 28,055.71 - 55,288.17
Qtr.III 85,287.93 81.43 432.67 80,464.52 4,309.30 160,128.85 7,863.90 152,264.95 - 29,992.71 - 54,691.37
Qtr.IV 77,617.37 750.54 418.41 72,217.34 4,231.09 160,128.85 7,863.90 152,264.95 - 47,292.71 - 56,407.16
2018/19
Qtr.I 103,307.08 750.99 422.10 97,678.76 4,455.23 166,685.30 7,420.35 159,264.95 - 46,992.71 - 56,965.81
Qtr.II 110,973.71 750.54 423.72 105,145.06 4,654.41 178,685.30 7,420.35 171,264.95 - 52,092.71 - 57,949.69
Qtr.III 111,651.22 198.87 431.88 106,132.87 4,887.60 182,685.30 7,420.35 175,264.95 - 52,792.71 - 76,825.13
Qtr.IV 98,726.63 804.88 437.79 92,853.80 4,630.17 194,685.30 7,420.35 187,264.95 - 52,142.71 - 95,430.96
2019/20
Qtr.I 69,790.04 15.26 435.36 64,693.13 4,646.29 199,237.75 6,972.80 192,264.95 - 52,142.71 - 106,893.95
Qtr.II 94,289.16 19.38 478.35 88,749.48 5,041.96 204,237.75 6,972.80 197,264.95 - 55,942.71 - 115,902.36
Qtr.III 80,407.49 316.70 488.33 74,412.19 5,190.27 221,237.75 6,972.80 214,264.95 - 55,242.71 - 120,561.48
Qtr.IV 112,086.32 3,280.63 525.42 102,412.06 5,868.20 230,237.75 199,237.75 31,000.00 - 58,142.71 - 148,024.70
2020/21
Qtr.I 120,432.59 5,033.13 563.29 108,717.20 6,118.98 243,141.31 198,362.65 44,778.66 - 57,642.71 - 139,732.21
Qtr.II 120,263.57 1,868.95 614.96 111,460.69 6,318.98 248,141.31 198,362.65 49,778.66 - 56,642.71 - 145,286.21
Qtr.III 104,230.92 12,559.91 639.43 84,429.98 6,601.61 251,862.65 198,362.65 53,500.00 - 56,642.71 - 146,247.20
Qtr.IV 125,859.69 628.17 680.17 117,629.89 6,921.46 281,862.65 198,362.65 83,500.00 - 56,642.71 - 161,714.97
2021/22
Qtr I 99,173.34 1,886.67 711.01 89,322.29 7,253.37 311,862.65 198,362.65 113,500.00 - 55,492.71 - 156,713.55
Table 1(b): Statement of Condition of National Bank of Ethipia:
Liabilities
(In Millions of Birr)

Deposits Foreign Liabilities

Total Currency
End of Capital Other
Liab.= (Notes
Period Fund Account Liab.
Assets + Coins) Total Gov't Banker Total Others
Credit

2008/09
Qtr.I 55,424.30 19,640.12 23,365.96 7,222.97 16,143.00 3,660.06 - 3,660.06 3,592.76 5,165.40
Qtr.II 54,777.27 20,870.35 25,148.92 6,215.84 18,933.09 3,123.02 - 3,123.02 2,088.31 3,546.68
Qtr.III 58,224.49 23,303.92 24,710.29 6,682.81 18,027.48 3,713.38 556.02 3,157.36 2,101.15 4,395.76
Qtr.IV 64,340.94 23,836.35 27,942.19 6,671.53 21,270.67 5,380.94 588.35 4,792.59 2,094.84 5,086.60
2009/10
Qtr.I 69,253.03 22,773.23 31,494.51 7,373.32 24,121.19 8,049.53 2,127.19 5,922.33 1,588.53 5,347.24
Qtr.II 69,762.08 25,663.17 28,307.16 7,785.92 20,521.24 8,693.10 2,132.24 6,560.86 1,576.74 5,521.92
Qtr.III 76,324.29 27,277.96 30,107.70 7,036.56 23,071.13 10,995.53 2,188.91 8,806.62 1,576.18 6,366.93
Qtr.IV 75,853.22 28,802.93 26,803.98 6,182.46 20,621.52 11,906.03 2,152.27 9,753.76 1,574.95 6,765.34
2010/11
Qtr.I 86,986.54 29,711.72 31,872.51 8,265.64 23,606.88 12,848.92 2,722.65 10,126.26 2,809.67 9,743.72
Qtr.II 93,800.26 33,949.03 32,141.88 9,369.75 22,772.12 15,062.65 4,769.71 10,292.95 2,757.53 9,889.18
Qtr.III 104,711.13 37,456.68 37,453.93 11,276.68 26,177.25 15,282.84 4,972.05 10,310.80 2,757.53 11,760.16
Qtr.IV 121,066.21 39,100.58 40,233.45 10,290.93 29,942.52 18,695.39 5,058.24 13,637.15 2,749.74 20,287.05
2011/12
Qtr.I 130,619.23 38,732.57 48,523.29 19,133.30 29,389.99 20,368.49 5,047.27 15,321.22 8,848.06 14,146.82
Qtr.II 128,345.76 42,048.13 43,045.28 17,307.05 25,738.23 17,289.74 4,996.96 12,292.78 8,848.06 17,114.54
Qtr.III 118,731.13 44,710.64 29,832.27 11,962.11 17,870.17 15,825.84 5,060.88 10,764.96 8,831.80 19,530.58
Qtr.IV 121,117.25 45,785.24 30,405.78 10,218.40 20,187.38 18,847.12 5,049.31 13,797.81 4,841.48 21,237.65
2012/13
Qtr.I 128,703.84 46,183.34 38,073.19 17,980.48 20,092.72 19,311.91 5,209.14 14,102.77 4,841.92 20,293.48
Qtr.II 136,305.95 50,971.94 36,872.57 12,778.13 24,094.44 20,263.30 5,273.03 14,990.27 4,833.78 23,364.36
Qtr.III 150,144.87 54,292.91 34,503.60 17,952.55 16,551.06 20,750.51 5,181.16 15,569.34 4,833.78 35,764.07
Qtr.IV 145,718.34 54,917.74 29,031.39 9,133.04 19,898.35 19,494.41 5,297.81 14,196.60 4,834.47 37,440.33
2013/14
Qtr.I 153,048.13 50,571.65 37,323.17 16,548.01 20,775.16 23,064.82 5,426.52 17,638.30 4,842.06 37,246.44
Qtr.II 160,045.71 53,864.09 32,759.15 14,339.95 18,419.21 28,216.04 5,456.21 22,759.83 4,842.06 40,364.38
Qtr.III 162,855.69 61,372.47 35,971.75 12,807.36 23,164.39 22,394.73 5,468.90 16,925.83 4,842.06 38,274.68
Qtr.IV 169,752.50 64,355.05 33,760.96 8,793.48 24,967.48 23,910.57 5,685.44 18,225.13 4,849.06 42,876.86
2014/15
Qtr.I 174,366.91 63,714.21 37,053.76 14,407.98 22,645.78 25,489.57 5,577.32 19,912.25 4,849.07 43,260.30
Qtr.II 203,125.95 70,709.06 33,899.35 13,882.20 20,017.15 46,447.12 5,577.32 40,869.81 4,849.07 47,221.36
Qtr.III 201,459.69 74,337.79 42,291.49 21,308.75 20,982.74 36,511.44 5,490.54 31,020.90 4,849.07 43,469.91
Qtr.IV 209,827.30 75,240.70 42,325.60 15,098.54 27,227.06 36,844.30 5,034.04 31,810.26 4,849.07 50,567.64
2015/16
Qtr.I 215,840.68 74,745.66 48,887.10 31,740.19 17,146.91 36,004.39 4,988.41 31,015.98 4,849.20 51,354.33
Qtr.II 249,907.78 77,830.00 49,034.83 25,739.39 23,295.44 61,731.80 4,662.00 57,069.80 4,849.20 56,461.95
Qtr.III 251,649.87 80,258.93 45,004.03 20,077.26 24,926.76 59,027.31 4,479.63 54,547.68 4,849.20 62,510.41
Qtr.IV 262,315.31 82,592.70 50,614.34 14,042.32 36,572.02 63,650.30 4,271.47 59,378.84 4,849.20 60,608.76
2016/17
Qtr.I 276,220.38 85,811.90 54,484.65 18,220.23 36,264.42 71,483.16 4,027.65 67,455.51 4,849.20 59,591.48
Qtr.II 279,389.48 90,247.04 53,908.66 15,628.13 38,280.53 66,855.56 3,645.20 63,210.36 4,849.20 63,529.02
Qtr.III 288,273.88 92,212.49 66,239.19 19,084.80 47,154.39 56,579.86 3,434.90 53,144.96 4,849.20 68,393.15
Qtr.IV 289,933.74 94,245.51 66,754.22 14,741.81 52,012.41 49,897.29 3,296.00 46,601.29 4,849.20 74,187.52
2017/18
Qtr.I 300,209.88 94,962.74 76,379.95 19,337.75 57,042.20 50,984.56 3,036.68 47,947.88 4,849.20 73,033.43
Qtr.II 325,726.77 105,936.80 61,913.44 16,680.94 45,232.50 70,862.22 3,239.47 67,622.75 4,849.20 82,165.11
Qtr.III 330,100.86 112,438.63 68,720.48 18,874.93 49,845.54 59,522.34 2,907.62 56,614.71 4,849.20 84,570.22
Qtr.IV 341,446.08 112,910.96 81,186.45 19,921.99 61,264.46 48,857.99 2,502.21 46,355.78 4,849.20 93,641.49
2018/19
Qtr.I 373,950.89 110,876.51 83,541.82 19,601.81 63,940.01 82,036.37 2,107.92 79,928.45 4,849.20 92,646.99
Qtr.II 399,701.41 120,349.03 73,912.83 23,783.26 50,129.57 99,909.75 1,802.49 98,107.25 4,849.20 100,680.60
Qtr.III 423,954.35 125,298.33 90,171.76 37,661.76 52,510.00 93,865.15 1,705.62 92,159.53 4,849.20 109,769.91
Qtr.IV 440,985.60 121,800.02 101,463.14 22,513.90 78,949.25 94,758.88 1,106.63 93,652.25 4,849.20 118,114.36
2019/20
Qtr.I 428,064.45 123,976.32 83,257.85 20,433.47 62,824.38 94,208.78 805.24 93,403.54 4,849.20 121,772.30
Qtr.II 470,371.98 128,071.58 99,917.83 30,939.51 68,978.32 111,833.99 530.84 111,303.15 4,849.20 125,699.38
Qtr.III 477,449.43 139,106.29 109,747.07 26,131.42 83,615.66 110,558.25 6,560.60 103,997.65 4,849.20 113,188.61
Qtr.IV 548,491.47 140,521.13 140,553.83 34,529.59 106,024.24 127,307.32 6,670.16 120,637.16 4,849.20 135,260.00
2020/21
Qtr.I 560,948.82 124,403.48 170,497.94 33,548.57 136,949.38 154,135.85 24,550.96 129,584.89 4,849.20 107,062.35
Qtr.II 570,333.80 138,864.54 151,544.16 31,702.07 119,842.09 172,023.04 24,979.40 147,043.65 1,013.45 106,888.61
Qtr.III 558,983.48 159,484.75 137,597.63 30,602.71 106,994.93 153,966.87 11,502.32 142,464.55 1,013.45 106,920.77
Qtr.IV 626,080.02 163,709.05 137,436.24 36,843.46 100,592.78 169,766.69 12,004.53 157,762.16 3,109.44 152,058.60
2021/22
Qtr I 623,242.24 167,253.25 150,913.82 31,109.83 119,804.00 193,261.43 12,384.55 180,876.89 3,109.44 108,704.31
Table 2(a): Statement of Condition of Commercial Banks:
Assets
(In Millions of Birr)

Claims on Non-Central Gov't

Reserves Deposits
Total Foreign Claims Total Other
End of Cash in with Loans & Invest- Commercial
(2+3) Assets On Gov't (7+8+9) Assets
Period Hand NBE Adv. ment Banks
1 4 5 6 10
2 3 7 8 9

2008/09
Qtr.I 17,673.90 3,302.53 14,371.38 7,726.62 6,234.94 50,116.36 34,397.64 14,818.58 900.13 26,922.77
Qtr.II 20,659.25 3,437.48 17,221.77 6,950.64 5,547.24 54,252.77 35,946.71 17,436.57 869.49 33,601.83
Qtr.III 21,886.74 4,039.91 17,846.83 8,093.58 5,548.90 57,041.57 37,079.81 18,852.70 1,109.06 31,611.17
Qtr.IV 23,690.72 4,121.34 19,569.38 9,219.66 5,409.36 57,651.07 38,802.03 17,614.51 1,234.53 49,113.08
2009/10
Qtr.I 27,119.02 4,226.02 22,893.00 9,172.96 5,740.11 60,703.15 39,701.38 19,805.10 1,196.66 40,436.92
Qtr.II 24,371.67 3,907.33 20,464.34 9,731.23 5,177.56 65,942.83 44,092.84 20,297.50 1,552.48 48,475.03
Qtr.III 26,921.09 4,209.86 22,711.23 12,949.12 5,627.86 70,716.27 46,900.67 21,733.09 2,082.51 48,973.02
Qtr.IV 25,217.08 4,596.14 20,620.94 15,060.75 7,415.27 73,299.81 47,540.18 23,796.85 1,962.79 36,932.92
2010/11
Qtr.I 28,768.06 5,861.80 22,906.26 19,245.97 5,480.72 75,434.99 48,436.98 25,124.50 1,873.51 38,067.24
Qtr.II 27,486.93 5,636.70 21,850.23 20,194.12 4,102.86 85,357.09 55,653.80 27,485.93 2,217.36 44,732.22
Qtr.III 31,482.17 6,921.98 24,560.19 21,148.87 4,953.20 100,590.17 62,088.83 35,549.12 2,952.21 52,150.16
Qtr.IV 34,282.97 6,525.71 27,757.27 28,394.16 3,568.67 110,114.46 61,871.31 45,547.45 2,695.70 49,545.00
2011/12
Qtr.I 34,514.38 6,658.96 27,855.43 22,565.30 4,121.67 118,399.53 64,979.01 50,781.33 2,639.19 51,494.85
Qtr.II 30,154.47 5,773.53 24,380.95 23,089.59 2,857.24 135,328.52 75,725.46 58,171.12 1,431.94 63,801.94
Qtr.III 17,652.45 6,982.96 10,669.49 28,640.04 3,068.28 156,445.50 88,608.28 66,455.73 1,381.50 70,487.48
Qtr.IV 29,039.93 7,248.10 21,791.83 24,017.57 4,421.18 170,379.68 94,617.04 73,472.51 2,290.12 105,360.90
2012/13
Qtr.I 27,882.48 8,265.81 19,616.67 20,182.74 8,511.89 171,722.32 94,081.93 75,849.86 1,790.53 83,987.99
Qtr.II 33,108.11 8,294.92 24,813.19 19,475.22 6,693.03 188,001.68 102,409.08 83,727.13 1,865.48 80,835.23
Qtr.III 32,417.53 9,150.51 23,267.02 23,412.02 5,407.49 208,833.85 113,423.09 92,141.62 3,269.14 103,959.36
Qtr.IV 30,375.31 9,236.07 21,139.24 28,509.18 5,699.97 222,393.59 114,378.39 99,396.97 8,618.23 82,403.13
2013/14
Qtr.I 31,747.72 9,699.16 22,048.56 22,706.08 4,089.11 228,006.18 112,906.99 106,635.50 8,463.70 75,318.88
Qtr.II 29,413.17 9,778.39 19,634.78 20,170.98 3,464.05 253,312.63 127,152.46 117,797.59 8,362.58 68,754.51
Qtr.III 34,921.78 11,397.19 23,524.59 21,162.46 1,753.80 272,894.01 138,291.24 126,344.08 8,258.68 66,924.58
Qtr.IV 35,672.30 11,179.02 24,493.28 27,253.50 1,629.68 288,212.71 141,975.83 136,904.30 9,332.58 70,099.87
2014/15
Qtr.I 38,690.72 12,931.48 25,759.24 19,597.01 1,227.50 297,817.51 144,435.07 144,679.15 8,703.29 69,897.16
Qtr.II 35,148.79 12,580.20 22,568.59 18,800.84 1,246.35 329,512.50 162,570.66 159,004.32 7,937.52 68,417.37
Qtr.III 35,280.66 13,872.76 21,407.90 15,862.13 1,252.35 355,615.38 179,552.27 173,479.03 2,584.09 78,370.49
Qtr.IV 42,342.37 14,779.78 27,562.60 15,924.15 1,256.02 379,393.58 185,501.92 191,246.21 2,645.44 79,584.26
2015/16
Qtr.I 39,809.59 15,337.93 24,471.66 15,463.04 905.43 390,966.45 188,671.02 199,896.80 2,398.62 79,531.91
Qtr.II 37,943.40 14,322.94 23,620.46 18,368.24 905.43 421,417.51 206,946.76 212,968.82 1,501.93 87,671.16
Qtr.III 40,401.93 14,635.18 25,766.75 21,316.42 905.43 445,653.52 219,399.61 225,001.87 1,252.04 92,444.68
Qtr.IV 50,905.91 15,906.53 34,999.38 20,898.27 785.65 461,664.43 226,849.25 231,953.28 2,861.91 98,731.37
2016/17
Qtr.I 53,728.78 17,326.81 36,401.97 21,116.01 554.28 475,564.62 231,569.06 240,872.08 3,123.48 106,597.14
Qtr.II 54,499.76 16,544.49 37,955.27 20,370.84 554.28 509,890.48 253,196.53 252,915.43 3,778.52 101,539.01
Qtr.III 64,854.52 17,034.56 47,819.97 20,975.60 530.28 544,327.92 272,606.06 267,906.04 3,815.82 109,207.67
Qtr.IV 75,305.69 20,327.77 54,977.93 24,876.54 21,982.71 582,426.70 283,911.51 294,089.24 4,425.95 111,779.13
2017/18
Qtr.I 81,683.92 21,035.73 60,648.19 25,253.39 22,208.82 594,599.99 288,878.52 300,579.22 5,142.26 110,830.25
Qtr.II 68,091.41 19,152.65 48,938.76 26,326.86 22,186.62 635,646.86 308,050.08 322,392.50 5,204.29 120,419.44
Qtr.III 74,352.05 21,843.87 52,508.19 24,664.20 22,186.62 673,008.41 327,935.85 338,881.74 6,190.82 129,191.54
Qtr.IV 89,611.48 26,493.67 63,117.81 25,121.57 22,186.62 714,685.11 346,314.30 359,418.93 8,951.88 137,783.39
2018/19
Qtr.I 91,062.85 27,496.50 63,566.35 30,835.45 22,567.12 731,013.59 355,971.41 364,102.91 10,939.27 151,722.28
Qtr.II 85,123.08 28,156.45 56,966.63 28,357.05 22,521.73 779,265.80 392,263.57 378,472.13 8,530.10 165,243.37
Qtr.III 82,819.61 28,223.23 54,596.39 26,880.84 22,952.93 843,659.70 418,777.00 417,474.71 7,408.00 168,443.19
Qtr.IV 118,506.49 29,783.05 88,723.44 28,543.82 23,620.21 898,733.08 443,362.21 447,380.43 7,990.45 170,578.44
2019/20
Qtr.I 116,740.09 32,453.58 84,286.52 25,980.84 22,927.78 928,496.12 463,151.74 456,261.93 9,082.46 211,425.69
Qtr.II 117,120.70 29,406.33 87,714.37 23,973.08 23,123.42 977,370.59 512,299.58 456,233.83 8,837.18 232,194.69
Qtr.III 114,998.82 29,771.00 85,227.82 24,606.29 22,927.78 1,025,047.29 528,438.89 487,766.96 8,841.44 257,616.79
Qtr.IV 136,738.41 31,449.32 105,289.09 35,116.52 28,838.49 1,074,869.20 571,811.98 490,492.71 12,564.51 219,185.38
2020/21
Qtr.I 184,698.60 59,737.43 124,961.18 33,204.14 36,506.06 1,126,390.63 611,983.47 500,592.74 13,814.42 233,131.04
Qtr.II 146,676.51 30,538.49 116,138.02 43,367.05 32,698.32 1,203,355.10 660,534.64 526,006.13 16,814.34 259,022.95
Qtr.III 136,453.39 31,966.43 104,486.95 55,078.76 40,993.81 1,254,219.06 704,083.35 530,694.80 19,440.90 286,075.07
Qtr.IV 131,471.76 30,087.76 101,384.00 76,945.12 76,773.86 1,312,731.74 758,869.37 532,913.44 20,948.94 285,977.43
2021/22
Qtr.I 152,532.33 31,442.53 121,089.81 85,042.49 107,177.57 1,310,049.31 761,862.44 532,471.29 15,715.57 325,653.91
 Table 2(b): Statement of Condition of Commercial Banks:
Liabilities
(In Millions of Birr)

Total Non-Central Gov't Deposits Capital Account

Gov't Foreign Other
End of (Liab.=
Total Demand Time Saving Depos. Liab. Total Legal Liab.
Period Assets) Others
(3+4+5) 3 4 5 6 7 (9+10+11) Capital 9 Reserve 12
1 11
2 8 10
2008/09
Qtr.I 108,674.58 56,010.62 21,545.78 3,001.17 31,463.68 8,410.60 2,315.51 9,645.17 6,733.48 1,230.03 1,681.66 32,292.69
Qtr.II 121,011.72 59,279.79 23,758.17 2,977.84 32,543.78 10,336.00 2,854.59 10,537.09 7,140.83 1,251.78 2,144.49 38,004.24
Qtr.III 124,181.95 62,157.88 24,447.53 3,051.31 34,659.04 11,766.01 2,801.54 11,577.30 7,188.23 1,251.88 3,137.19 35,879.23
Qtr.IV 145,083.89 64,134.18 23,737.09 3,248.37 37,148.72 10,450.06 3,076.51 10,286.27 7,289.87 1,817.11 1,179.29 57,136.87
2009/10
Qtr.I 143,172.15 69,799.47 26,482.89 3,502.06 39,814.53 10,193.02 3,856.62 11,615.74 7,351.48 1,864.96 2,399.30 47,707.30
Qtr.II 153,698.31 70,853.05 25,540.12 3,498.80 41,814.13 12,446.66 3,690.78 12,382.87 7,779.28 1,999.39 2,604.20 54,324.95
Qtr.III 165,187.35 76,068.96 28,137.85 3,568.66 44,362.45 14,542.87 3,960.93 13,733.68 7,988.50 1,999.39 3,745.79 56,880.92
Qtr.IV 157,925.83 81,081.39 29,083.62 3,956.21 48,041.57 13,742.50 3,254.28 12,410.85 8,104.15 2,627.14 1,679.56 47,436.80
2010/11
Qtr.I 166,996.99 85,850.72 30,488.06 3,901.29 51,461.37 13,830.65 4,246.06 16,074.71 8,251.77 2,800.15 5,022.79 46,994.83
Qtr.II 181,873.22 90,753.82 33,017.73 3,860.06 53,876.03 17,847.47 4,942.59 15,372.02 8,814.85 2,875.59 3,681.59 52,957.32
Qtr.III 210,324.55 101,160.55 36,557.44 4,462.70 60,140.41 22,023.33 5,595.24 17,203.71 8,993.68 2,875.59 5,334.44 64,341.73
Qtr.IV 225,905.26 114,155.42 44,949.45 4,666.41 64,539.56 20,240.72 5,715.48 15,598.31 9,352.31 3,720.04 2,525.97 70,195.32
2011/12
Qtr.I 231,095.73 119,908.86 47,241.19 4,679.92 67,987.76 20,211.73 6,441.17 18,039.70 9,463.93 3,873.96 4,701.81 66,494.27
Qtr.II 255,231.76 120,849.46 44,105.79 5,165.29 71,578.38 27,669.07 8,419.69 20,118.90 10,273.75 4,082.96 5,762.20 78,174.64
Qtr.III 276,293.75 135,663.57 49,133.42 10,136.38 76,393.77 30,994.76 7,392.24 23,505.51 10,588.88 4,082.96 8,833.67 78,737.68
Qtr.IV 333,219.25 152,894.71 58,345.81 12,061.06 82,487.84 28,207.85 5,484.21 26,333.75 10,766.19 4,341.88 11,225.68 120,298.72
2012/13
Qtr.I 312,287.41 154,727.02 55,112.80 12,112.46 87,501.75 29,560.96 5,873.98 22,096.52 10,848.48 5,848.45 5,399.59 100,028.94
Qtr.II 328,113.27 163,882.22 57,818.51 12,930.05 93,133.66 35,693.26 6,078.30 23,819.49 11,410.19 6,095.88 6,313.43 98,639.99
Qtr.III 374,030.25 181,078.62 66,836.46 13,515.66 100,726.49 34,173.15 6,038.08 26,732.87 11,848.34 6,095.79 8,788.74 126,007.54
Qtr.IV 369,381.17 189,762.82 69,253.31 14,278.69 106,230.82 39,111.79 7,515.18 23,668.93 16,207.65 3,737.13 3,724.15 109,322.44
2013/14
Qtr.I 361,867.96 196,546.98 67,873.86 15,611.58 113,061.54 30,347.65 7,787.68 27,244.86 16,648.31 4,289.25 6,307.29 99,940.79
Qtr.II 375,115.34 208,389.34 69,703.14 15,928.74 122,757.46 35,196.57 7,933.50 29,890.38 18,021.29 4,432.14 7,436.95 93,705.55
Qtr.III 397,656.63 223,632.13 71,185.39 17,192.59 135,254.15 41,483.14 7,843.13 34,089.20 19,040.22 4,452.88 10,596.10 90,609.01
Qtr.IV 422,868.05 244,630.10 80,947.33 17,872.27 145,810.51 39,210.84 7,995.09 28,116.57 19,412.60 4,874.11 3,829.87 102,915.44
2014/15
Qtr.I 427,229.91 253,720.44 79,404.57 18,878.38 155,437.49 34,524.85 7,599.61 33,579.69 19,576.17 6,809.31 7,194.22 97,805.31
Qtr.II 453,125.86 267,761.37 82,145.60 21,324.70 164,291.07 41,958.38 7,784.85 35,980.61 20,786.66 7,102.85 8,091.10 99,640.66
Qtr.III 486,381.01 288,748.61 87,992.92 37,731.13 163,024.57 39,876.94 7,985.81 41,100.74 21,089.10 7,150.07 12,861.57 108,668.91
Qtr.IV 518,500.38 310,905.47 94,282.90 41,990.59 174,631.98 47,597.57 8,326.57 46,345.99 21,607.18 7,657.37 17,081.44 105,324.78
2015/16
Qtr.I 526,676.42 321,277.08 94,511.03 44,846.83 181,919.21 44,750.57 8,351.74 40,988.33 21,854.91 10,061.03 9,072.39 111,308.70
Qtr.II 566,305.74 333,108.04 95,784.87 45,039.02 192,284.15 54,814.93 9,418.30 44,605.48 22,365.60 10,260.55 11,979.33 124,358.98
Qtr.III 600,721.98 346,500.77 97,666.68 47,318.84 201,515.25 55,903.51 10,021.13 50,099.86 23,925.73 10,503.55 15,670.58 138,196.72
Qtr.IV 632,985.63 378,580.10 111,923.51 49,622.31 217,034.28 48,275.36 9,880.50 54,282.67 24,741.97 11,066.22 18,474.49 141,967.00
2016/17
Qtr.I 657,560.82 395,283.96 114,563.30 52,113.56 228,607.10 48,122.05 10,224.60 48,306.09 25,430.72 13,555.78 9,319.59 155,624.12
Qtr.II 686,854.36 422,592.69 122,551.62 56,019.12 244,021.95 59,973.04 9,442.47 53,837.72 25,907.50 14,058.71 13,871.51 141,008.44
Qtr.III 739,896.00 459,035.83 134,885.28 59,330.90 264,819.66 59,514.06 9,775.10 58,827.88 28,022.68 14,160.64 16,644.56 152,743.14
Qtr.IV 816,370.77 499,497.48 142,883.04 63,182.74 293,431.70 57,431.90 10,818.77 91,591.79 60,893.89 9,875.33 20,822.57 157,030.82
2017/18
Qtr.I 834,576.37 528,377.97 155,587.95 65,890.63 306,899.39 57,282.65 11,920.65 82,506.03 61,439.56 11,571.16 9,495.31 154,489.07
Qtr.II 872,671.18 557,368.92 161,094.75 71,726.79 324,547.38 65,662.50 15,190.78 82,934.75 62,190.72 12,080.49 8,663.54 151,514.23
Qtr.III 923,402.82 605,324.66 178,222.22 74,478.38 352,624.07 66,838.21 14,436.48 88,987.79 63,762.86 12,299.12 12,925.81 147,815.69
Qtr.IV 989,388.16 654,155.59 194,737.37 76,868.79 382,549.43 60,390.64 14,504.75 95,507.04 66,196.61 12,595.70 16,714.73 164,830.14
2018/19
Qtr.I 1,027,201.29 668,751.40 182,882.17 78,698.46 407,170.77 66,445.07 14,163.89 94,700.64 67,062.59 14,917.55 12,720.51 183,140.28
Qtr.II 1,080,511.02 696,969.21 185,405.32 81,465.14 430,098.75 78,865.30 15,913.29 103,262.58 69,816.60 16,293.97 17,152.00 185,500.64
Qtr.III 1,144,756.26 734,934.84 186,067.65 86,071.53 462,795.66 84,437.25 17,251.34 114,740.74 71,712.80 17,604.93 25,423.00 193,392.10
Qtr.IV 1,239,982.05 794,735.58 216,920.17 90,513.29 487,302.12 85,992.40 18,006.38 123,412.65 73,711.99 17,916.21 31,784.45 217,835.04
2019/20
Qtr.I 1,305,570.51 818,414.16 225,668.94 90,546.90 502,198.32 79,401.21 18,605.21 120,129.32 74,852.82 21,407.51 23,869.00 269,020.62
Qtr.II 1,373,782.48 851,887.36 233,018.82 89,720.91 529,147.63 85,267.44 21,056.84 123,826.12 77,283.99 23,471.46 23,070.67 291,744.72
Qtr.III 1,445,196.96 877,428.13 246,556.75 80,765.27 550,106.12 87,691.14 23,358.51 136,459.58 80,471.39 23,493.66 32,494.53 320,259.61
Qtr.IV 1,494,747.98 928,574.53 251,513.71 87,886.77 589,174.06 87,466.56 24,579.24 134,232.91 82,108.81 23,579.76 28,544.34 319,894.74
2020/21
Qtr.I 1,613,930.46 1,020,322.63 269,917.20 91,583.91 658,821.52 97,699.75 27,650.16 132,885.23 83,326.31 26,401.11 23,157.80 335,372.71
Qtr.II 1,685,119.93 1,069,388.57 282,154.65 89,154.94 698,078.98 109,414.14 30,184.61 133,129.90 86,224.23 27,173.26 19,732.41 343,002.71
Qtr.III 1,772,820.09 1,132,091.96 291,829.38 91,673.01 748,589.57 98,776.82 32,715.75 145,544.84 90,327.76 27,272.10 27,944.97 363,690.72
Qtr.IV 1,883,899.91 1,214,644.86 303,770.68 94,493.84 816,380.34 107,523.89 33,851.44 163,931.60 94,830.26 27,285.92 41,815.42 363,948.11
2021/22
Qtr.I 1,980,455.61 1,257,347.63 312,964.32 98,745.88 845,637.43 100,755.67 35,412.24 163,229.87 97,226.11 30,509.63 35,494.13 423,710.21
Table 3(a): Consolidated Statement of Condition of Development Bank of Ethipia:
Assets
(In Millions of Birr)
Claims on Non-Central Gov't
Cash Claims
End of Foreign Private Other
& on Central Public Cooper-
Period Assets Total & Assets Total
Banks Gov't Enterprise atives
Individuals Assets
2008/09
Qtr.I 639.13 226.80 253.93 5,579.55 527.45 178.53 4,873.57 688.57 7,387.97
Qtr.II 320.37 243.70 237.52 5,976.99 535.00 215.62 5,226.37 864.87 7,643.45
Qtr.III 174.66 248.80 219.42 6,246.95 539.70 222.66 5,484.59 834.94 7,724.78
Qtr.IV 137.89 374.59 219.42 6,435.92 546.22 193.14 5,696.57 743.24 7,911.07
2009/10
Qtr.I 205.29 549.70 219.42 7,135.13 597.47 164.88 6,372.78 720.57 8,830.11
Qtr.II 303.62 595.20 218.83 7,671.64 582.63 246.00 6,843.01 1,103.73 9,893.01
Qtr.III 219.98 1,513.01 203.02 8,068.25 609.20 235.01 7,224.04 1,147.57 11,151.83
Qtr.IV 422.78 1,023.91 184.92 8,787.24 699.57 202.47 7,885.20 919.24 11,338.08
2010/11
Qtr.I 505.43 1,058.79 184.92 8,952.77 703.88 143.97 8,104.93 1,140.16 11,842.07
Qtr.II 200.52 1,031.98 184.92 9,516.13 711.06 226.46 8,578.61 736.37 11,669.91
Qtr.III 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
Qtr.IV 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
2011/12
Qtr.I 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
Qtr.II 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
Qtr.III 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
Qtr.IV 810.38 1,175.29 176.42 10,355.88 928.65 202.34 9,224.88 995.52 13,513.49
2012/13
Qtr.I 710.96 1,122.00 7,866.42 15,323.90 1,385.16 102.91 13,835.83 1,867.93 26,891.21
Qtr.II 400.61 794.52 7,832.51 16,707.86 1,770.72 147.06 14,790.08 1,341.19 27,076.70
Qtr.III 281.13 190.20 8,814.41 17,657.91 1,910.88 196.39 15,550.65 856.25 27,799.89
Qtr.IV 379.77 457.00 9,819.44 17,928.90 1,660.21 87.79 16,180.91 1,374.79 29,959.90
2013/14
Qtr.I 1,948.03 350.90 8,425.93 18,556.52 1,791.63 78.99 16,685.89 1,723.32 31,004.70
Qtr.II 380.83 1,575.49 9,664.19 20,103.24 1,880.18 152.18 18,070.87 1,905.11 33,628.87
Qtr.III 535.83 1,888.62 9,807.16 18,542.19 1,930.05 108.33 16,503.81 2,545.42 33,319.20
Qtr.IV 1,156.66 1,890.59 11,337.60 21,443.02 2,003.46 63.56 19,376.00 1,971.93 37,799.81
2014/15
Qtr.I 1,175.45 1,511.30 13,148.05 20,197.59 1,996.89 54.11 18,146.59 2,550.90 38,583.28
Qtr.II 544.45 1,744.17 13,141.88 21,381.44 2,019.13 184.95 19,177.37 2,648.93 39,460.87
Qtr.III 1,143.62 1,803.01 13,112.08 22,224.86 2,002.19 165.61 20,057.07 2,719.16 41,002.74
Qtr.IV 1,173.92 1,635.37 13,289.06 25,677.84 2,675.48 130.93 22,871.43 2,343.58 44,119.75
2015/16
Qtr.I 1,175.45 1,511.30 13,148.05 20,197.59 1,996.89 54.11 18,146.59 2,550.90 38,583.28
Qtr.II 544.45 1,744.17 13,141.88 21,381.44 2,019.13 184.95 19,177.37 2,648.93 39,460.87
Qtr.III 1,143.62 1,803.01 13,112.08 22,224.86 2,002.19 165.61 20,057.07 2,719.16 41,002.74
Qtr.IV 1,173.92 1,635.37 13,289.06 25,677.84 2,675.48 130.93 22,871.43 2,343.58 44,119.75
2016/17
Qtr.I 2,434.51 2,430.84 15,836.85 29,770.27 2,838.72 104.12 26,827.43 3,846.72 54,319.19
Qtr.II 1,585.15 2,065.49 15,836.85 30,986.45 3,007.68 106.31 27,872.46 3,940.08 54,414.01
Qtr.III 1,462.81 2,849.59 15,816.87 31,734.09 2,765.88 107.49 28,860.71 4,032.03 55,895.39
Qtr.IV 1,232.72 3,225.53 15,816.87 31,590.85 2,632.74 108.69 28,849.42 5,223.28 57,089.25
2017/18
Qtr.I 824.85 2,902.01 15,816.87 32,396.06 2,605.80 127.06 29,663.20 5,273.55 57,213.34
Qtr.II 888.91 3,223.37 15,816.87 35,413.14 3,992.24 116.26 31,304.64 4,229.09 59,571.38
Qtr.III 1,049.8 4,813.1 15,796.9 37,322.9 4,081.2 108.8 33,132.8 6,278.0 65,260.8
Qtr.IV 2,703.06 4,387.68 32,797.34 39,155.36 4,113.94 438.25 34,603.17 4,804.21 83,847.64
2018/19
Qtr.I 956.91 4,783.60 32,796.90 40,801.82 4,158.57 487.14 36,156.11 4,950.16 84,289.39
Qtr.II 4,779.94 4,389.26 32,794.45 45,856.04 4,341.33 542.46 40,972.25 5,907.38 93,727.06
Qtr.III 3,626.79 5,565.72 32,717.96 44,217.12 4,419.41 620.85 39,176.87 43,323.30 129,450.88
Qtr.IV 2,144.76 5,383.60 31,993.93 47,577.14 4,895.24 310.46 42,371.44 5,623.22 92,722.64
2019/20
Qtr.I 4,681.92 4,548.77 32,110.73 45,107.52 4,996.09 424.00 39,687.43 7,843.40 94,292.34
Qtr.II 8,243.21 2,471.15 26,627.38 47,326.26 5,148.78 532.67 41,644.81 10,844.09 95,512.09
Qtr.III 8,447.33 2,301.93 32,663.59 48,471.20 5,417.10 694.38 42,359.71 10,051.30 101,935.35
Qtr.IV 8,022.54 4,718.27 33,036.37 51,103.50 3,519.43 889.98 46,694.08 7,209.88 104,090.56
2020/21
Qtr.I 8,684.02 2,625.89 33,416.61 51,992.48 4,732.12 5,476.46 41,783.90 7,416.75 104,135.75
Qtr.II 6,225.58 5,639.41 32,913.18 53,384.20 5,038.49 5,560.51 42,785.20 8,170.46 106,332.83
Qtr.III 7,733.37 4,649.87 54,303.83 54,214.05 5,247.08 4,955.84 44,011.13 16,860.80 138,029.48
Qtr.IV 8,319.83 4,661.02 53,927.17 55,431.44 5,487.58 5,012.91 44,930.95 17,624.66 139,723.58
2021/22
Qtr.I 9,839.69 5,137.66 54,307.97 50,960.72 5,123.55 4,361.36 41,475.80 19,734.85 139,431.54
Table 3(b): Consolidated Statement of Condition of Development Bank of Ethiopia:
Liablities
(In Millions of Birr)
Total Time & Credit Foreign Other
End of Demand Capital Credit from Banks
Assets Savings from Advance Liability
Period Deposits Accounts
=Liab. Deposits Total N.B.E Others Gov't & Loan Items
2007/08
Qtr.I 6,464.22 16.49 477.48 1,867.24 1,888.28 381.38 1,506.91 0.73 434.30 1,779.70
Qtr.II 6,866.96 37.08 400.44 1,883.01 2,087.51 381.38 1,706.13 0.73 457.07 2,001.12
Qtr.III 6,855.30 46.45 369.30 1,916.16 2,091.11 381.38 1,709.73 0.73 505.37 1,926.19
Qtr.IV 6,969.97 126.04 374.55 1,910.00 2,102.17 381.38 1,720.80 - 506.10 1,951.11
2008/09
Qtr.I 7,387.97 186.97 379.06 1,915.86 2,338.59 381.38 1,957.21 - 522.99 2,044.51
Qtr.II 7,643.45 141.72 381.25 1,943.46 2,340.03 381.38 1,958.66 - 522.99 2,314.00
Qtr.III 7,724.78 101.98 385.09 1,948.81 2,341.20 381.38 1,959.83 - 647.27 2,300.42
Qtr.IV 7,911.07 124.71 369.44 1,934.17 2,341.61 381.38 1,960.23 - 647.27 2,493.87
2009/10
Qtr.I 8,830.11 123.42 372.51 2,014.71 2,571.28 424.28 2,147.00 - 887.86 2,860.32
Qtr.II 9,893.01 75.21 368.93 1,943.13 3,028.71 424.28 2,604.43 - 900.46 3,576.57
Qtr.III 11,151.83 85.62 369.09 2,084.50 4,228.26 424.28 3,803.98 884.48 3,499.86
Qtr.IV 11,338.08 178.96 376.24 2,124.68 4,618.87 381.38 4,237.49 - 978.67 3,060.66
2010/11
Qtr.I 11,842.07 141.50 382.37 2,357.45 4,799.25 381.38 4,417.87 - 984.95 3,176.56
Qtr.II 11,669.91 235.16 384.03 2,223.63 4,951.89 381.38 4,570.51 - 908.98 2,966.22
Qtr.III 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
Qtr.IV 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
2011/12
Qtr.I 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
Qtr.II 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
Qtr.III 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
Qtr.IV 13,513.49 414.91 373.25 2,224.88 6,403.06 381.38 6,021.69 - 997.65 3,099.73
2012/13
Qtr.I 26,891.21 374.79 384.09 2,738.96 17,154.13 642.47 16,511.66 - 1,209.71 5,029.53
Qtr.II 27,076.70 376.31 384.43 2,856.36 16,348.79 643.96 15,704.84 - 1,539.14 5,571.66
Qtr.III 27,799.89 355.69 375.75 3,157.21 18,741.44 739.97 18,001.47 - 1,771.24 4,360.49
Qtr.IV 29,959.90 347.35 380.85 3,150.26 20,889.93 610.14 20,279.79 - 2,301.22 2,677.78
2013/14
Qtr.I 31,004.70 298.98 390.46 3,390.94 21,434.53 17,667.54 3,766.99 - 2,371.60 2,922.88
Qtr.II 33,628.87 248.02 377.34 3,620.17 21,340.36 17,792.14 3,548.22 - 2,928.57 5,114.42
Qtr.III 33,319.20 348.34 378.01 3,763.50 21,746.54 18,101.57 3,644.98 - 3,105.66 3,977.49
Qtr.IV 37,799.81 634.91 376.94 3,567.64 27,234.63 20,851.57 6,383.06 - 3,409.38 2,576.31
2014/15
Qtr.I 38,583.28 656.73 380.48 3,895.22 25,430.93 22,551.57 2,879.37 - 3,621.73 4,598.20
Qtr.II 39,460.87 298.59 377.50 4,086.65 25,618.79 22,751.16 2,867.64 - 3,769.99 5,309.35
Qtr.III 41,002.74 300.40 376.13 4,082.93 26,599.74 23,451.57 3,148.17 - 3,880.62 5,762.93
Qtr.IV 44,119.75 427.25 376.39 4,255.64 27,411.00 23,951.57 3,459.43 - 4,030.99 7,618.49
2014/15
Qtr.I 47,977.82 445.92 375.43 7,688.46 27,369.19 23,857.00 3,512.19 - 4,018.53 8,080.30
Qtr.II 50,132.21 436.66 375.25 7,792.09 28,428.52 24,857.00 3,571.52 - 4,627.47 8,472.23
Qtr.III 51,587.15 1,006.51 376.27 7,858.82 28,464.89 24,935.93 3,528.96 - 4,727.40 9,153.27
Qtr.IV 52,696.45 1,040.13 376.63 7,968.72 29,328.36 29,251.50 76.86 - 4,726.81 9,255.80
2016/17
Qtr.I 54,319.19 1,251.79 381.92 7,834.36 31,771.85 31,711.64 60.21 - 4,795.67 8,283.60
Qtr.II 54,414.01 903.62 380.51 7,876.92 33,091.64 33,033.92 57.72 - 4,816.88 7,344.45
Qtr.III 55,895.39 868.19 120.03 7,960.91 34,190.12 34,131.51 58.61 - 4,826.26 7,929.88
Qtr.IV 57,089.25 948.38 122.21 7,918.92 34,984.44 34,309.69 674.75 - 4,822.20 8,293.11
2017/18
Qrt.I 57,213.34 915.76 126.04 8,032.78 35,365.33 35,304.91 60.42 - 5,096.40 7,677.04
Qtr.II 59,571.38 1,130.53 125.90 7,999.87 37,888.62 37,832.63 55.99 - 5,226.40 7,200.05
Qtr.III 65,260.76 1,102.03 125.95 8,048.34 40,102.10 40,043.12 58.98 - 6,291.98 9,590.37
Qtr.IV 83,847.64 1,081.46 125.29 8,043.84 58,125.10 58,064.08 61.02 - 6,849.05 9,622.90
2018/19
Qtr.I 84,289.39 867.51 129.39 7,461.41 58,247.52 58,185.11 62.41 - 8,111.85 9,471.70
Qtr.II 93,727.06 818.33 128.26 2,718.41 63,592.57 63,529.89 62.69 - 8,195.19 18,274.31
Qtr.III 129,450.88 805.96 123.96 6,315.02 64,040.86 63,982.41 58.45 - 8,552.23 49,612.86
Qtr.IV 92,722.64 770.33 123.73 7,403.15 62,764.43 62,704.89 59.54 - 9,391.53 12,269.47
2019/20
Qrt.I 94,292.34 653.41 121.49 7,873.78 63,285.34 63,225.60 59.74 - 10,467.84 11,890.49
Qtr.II 95,512.09 581.89 121.27 7,023.65 61,046.46 60,986.28 60.18 - 10,476.70 16,262.12
Qrt.III 101,935.35 594.94 121.56 7,049.90 65,982.91 65,922.26 60.65 - 11,096.39 17,089.65
QtrIV 104,090.56 664.86 125.09 6,922.46 68,416.90 68,355.72 61.18 - 12,025.95 15,935.30
2020/21 -
Qtr.I 104,135.75 630.13 126.34 6,731.18 68,456.86 68,395.75 61.10 - 12,071.50 16,119.76
Qtr.II 106,332.83 825.02 126.50 7,014.60 67,464.75 67,416.64 48.11 - 14,134.42 16,767.55
Qrt.III 138,029.48 614.02 140.51 28,909.31 68,296.31 68,248.08 48.23 - 14,534.33 25,535.01
QtrIV 139,723.58 664.00 138.11 31,698.97 68,466.32 68,418.07 48.25 - 15,715.97 23,040.21
2021/22
Qrt.I 139,431.54 715.53 143.85 28,576.29 67,935.48 67,886.36 49.12 - 17,526.92 24,533.46
Table 4: Money Supply and its Determinants
(In Millions of Birr)

Money and Quasi-Money Domestic Credit Net Foreign Assets

Currency Net Money Total Total Net Claims on Gov't Claims on Other
Outside Demand Supply Quasi- Volume Credit Total Nat. Comm. Non-Cen Total Nat. Comm. Items
End of Banks Deposit (1+2) Money (3+4) (7+10) (8+9) Bank Banks Gov't (13+12) Bank Banks Net
Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14
2008/09
Qtr.I 16,337.59 20,633.90 36,971.49 34,464.85 71,436.34 84,088.59 34,872.36 37,048.01 (2,175.65) 49,216.23 10,387.77 4,976.66 5,411.11 23,040.02
Qtr.II 17,432.87 22,949.25 40,382.11 35,521.62 75,903.73 85,327.66 31,944.38 36,733.14 (4,788.76) 53,383.28 10,233.46 6,137.41 4,096.05 19,657.39
Qtr.III 19,264.00 23,589.18 42,853.18 37,710.34 80,563.52 85,281.56 29,349.06 35,566.17 (6,217.11) 55,932.51 14,863.60 9,571.56 5,292.04 19,581.64
Qtr.IV 19,715.01 22,397.64 42,112.66 40,397.09 82,509.75 89,203.04 32,786.50 37,827.20 (5,040.70) 56,416.54 17,976.81 11,833.66 6,143.15 24,670.10
2009/10
Qtr.I 18,547.21 25,572.45 44,119.66 43,316.58 87,436.24 92,006.88 32,500.40 36,953.31 (4,452.91) 59,506.48 19,528.96 14,212.62 5,316.34 24,099.60
Qtr.II 21,755.84 24,372.26 46,128.10 45,312.93 91,441.03 92,946.17 28,555.82 35,824.91 (7,269.09) 64,390.35 20,793.03 14,752.59 6,040.45 22,298.18
Qtr.III 23,068.09 26,271.82 49,339.91 47,931.11 97,271.03 98,671.91 30,038.16 38,953.17 (8,915.01) 68,633.76 25,278.62 16,290.43 8,988.19 26,679.50
Qtr.IV 24,206.80 27,727.99 51,934.78 51,997.77 103,932.56 104,350.11 33,013.08 39,340.32 (6,327.24) 71,337.03 27,189.78 15,383.31 11,806.47 27,607.34
2010/11
Qtr.I 23,849.92 29,249.39 53,099.31 55,362.66 108,461.97 104,929.59 31,368.11 39,718.05 (8,349.93) 73,561.48 38,003.21 23,003.30 14,999.91 34,470.83
Qrt II 28,312.32 31,751.83 60,064.16 57,736.08 117,800.24 110,513.95 27,374.22 41,118.83 (13,744.61) 83,139.73 40,230.88 24,979.34 15,251.53 32,944.59
Qtr.III 30,534.69 35,171.96 65,706.66 64,603.11 130,309.77 121,221.73 23,583.78 40,653.91 (17,070.13) 97,637.96 45,638.10 30,084.47 15,553.63 36,550.06
Qtr.IV 32,574.88 43,596.12 76,171.00 69,205.97 145,376.97 142,320.42 28,651.65 45,323.71 (16,672.05) 113,668.76 55,534.68 32,856.00 22,678.68 52,478.12
2011/12
Qtr.I 32,073.62 46,068.57 78,142.18 72,667.68 150,809.86 143,503.46 20,343.12 36,433.18 (16,090.06) 123,160.34 55,479.84 39,355.70 16,124.13 48,173.44
Qtr.II 36,274.61 42,879.96 79,154.57 76,743.67 155,898.24 157,410.18 13,443.60 38,255.43 (24,811.83) 143,966.58 49,345.56 34,675.66 14,669.91 50,857.50
Qtr.III 37,727.68 47,246.43 84,974.11 86,530.15 171,504.25 182,607.91 15,673.90 43,600.37 (27,926.47) 166,934.01 45,771.85 24,524.05 21,247.79 56,875.50
Qtr.IV 38,537.14 56,312.74 94,849.88 94,548.90 189,398.78 202,148.96 21,557.41 45,344.08 (23,786.67) 180,591.55 39,787.69 21,254.33 18,533.36 52,537.88
2012/13
Qtr.I 37,917.53 54,544.75 92,462.28 99,614.21 192,076.50 198,914.63 16,480.84 37,529.91 (21,049.06) 182,433.79 39,304.60 24,995.84 14,308.76 46,142.73
Qtr.II 42,677.02 57,524.67 100,201.69 106,063.71 206,265.39 213,175.22 13,732.02 42,732.25 (29,000.24) 199,443.21 39,754.55 26,357.64 13,396.92 46,664.38
Qtr.III 45,142.40 66,203.30 111,345.70 114,242.15 225,587.85 233,163.88 12,792.18 41,557.83 (28,765.66) 220,371.71 46,981.49 29,607.54 17,373.94 54,557.52
Qtr.IV 45,681.67 69,052.38 114,734.05 120,509.51 235,243.56 252,247.88 21,965.52 55,377.34 (33,411.82) 230,282.36 45,639.62 24,645.62 20,994.00 62,643.94
2013/14
Qtr.I 40,872.49 67,625.20 108,497.69 128,673.13 237,170.82 257,924.26 21,574.78 47,833.32 (26,258.54) 236,349.48 38,325.10 23,406.69 14,918.40 59,078.54
Qtr.II 44,085.69 69,579.58 113,665.27 138,686.20 252,351.47 280,465.92 18,308.87 50,041.39 (31,732.52) 262,157.05 33,534.49 21,297.01 12,237.48 61,648.94
Qtr.III 49,975.27 71,046.94 121,022.21 152,446.74 273,468.95 302,986.96 20,844.63 60,573.97 (39,729.34) 282,142.33 36,763.33 23,444.00 13,319.32 66,281.33
Qtr.IV 53,176.03 80,887.76 134,063.78 163,682.78 297,746.56 326,066.87 26,929.74 64,510.91 (37,581.17) 299,137.13 45,972.30 26,713.89 19,258.41 74,292.61
2014/15
Qtr.I 50,782.73 79,355.45 130,138.19 174,315.87 304,454.06 336,541.23 25,470.01 58,767.36 (33,297.35) 311,071.22 39,063.23 27,065.83 11,997.40 71,150.40
Qtr.II 58,128.86 82,081.55 140,210.40 185,615.77 325,826.17 367,313.10 23,581.11 64,293.14 (40,712.03) 343,731.98 39,409.45 28,393.45 11,015.99 80,896.38
Qtr.III 60,465.03 87,943.76 148,408.79 200,755.69 349,164.48 397,130.29 21,241.99 59,866.59 (38,624.59) 375,888.30 35,516.90 27,640.58 7,876.32 83,482.71
Qtr.IV 60,460.92 94,245.42 154,706.34 216,622.57 371,328.91 430,840.39 30,735.25 77,076.80 (46,341.55) 400,105.14 37,570.95 29,973.37 7,597.57 97,082.42
2015/16
Qtr.I 59,407.73 94,503.33 153,911.06 226,766.04 380,677.10 436,496.83 24,072.01 67,917.15 (43,845.14) 412,424.83 36,192.52 29,081.21 7,111.31 92,012.25
Qtr.II 63,507.06 95,784.79 159,291.85 237,323.17 396,615.02 469,781.03 25,008.45 78,917.95 (53,909.50) 444,772.58 31,444.63 22,494.68 8,949.94 104,610.63
Qtr.III 65,623.75 97,666.63 163,290.39 248,834.10 412,124.48 498,840.49 29,582.00 84,580.08 (54,998.07) 469,258.48 25,157.52 13,862.23 11,295.29 111,873.52
Qtr.IV 66,686.17 111,923.49 178,609.66 266,656.59 445,266.25 531,957.89 47,548.36 95,038.07 (47,489.71) 484,409.53 21,524.19 10,506.42 11,017.77 108,215.83
2016/17
Qtr.I 68,485.09 114,563.29 183,048.38 280,720.66 463,769.04 547,900.98 49,852.85 97,420.62 (47,567.77) 498,048.14 14,357.85 3,466.44 10,891.41 98,489.79
Qtr.II 73,702.55 122,551.62 196,254.17 300,041.07 496,295.24 577,812.91 45,593.96 105,012.72 (59,418.76) 532,218.95 16,470.24 5,541.88 10,928.36 97,987.92
Qtr.III 75,177.93 134,885.28 210,063.21 324,150.56 534,213.77 618,691.36 51,572.27 110,556.05 (58,983.78) 567,119.09 25,495.21 14,294.70 11,200.51 109,972.80
Qtr.IV 73,917.75 142,883.04 216,800.79 356,614.44 573,415.22 690,668.59 85,441.85 120,891.04 (35,449.19) 605,226.75 38,034.79 23,977.03 14,057.76 155,288.16
2017/18
Qtr.I 73,927.01 155,587.95 229,514.96 372,790.02 602,304.98 712,905.00 96,221.26 131,295.09 (35,073.83) 616,683.74 30,984.60 17,651.86 13,332.74 141,584.62
Qtr.II 86,784.15 161,094.75 247,878.90 396,274.17 644,153.07 758,470.30 99,972.02 143,447.90 (43,475.88) 658,498.28 22,527.90 11,391.82 11,136.08 136,845.13
Qtr.III 90,594.76 178,222.22 268,816.98 427,102.45 695,919.43 793,412.62 96,602.32 141,253.91 (44,651.59) 696,810.30 35,993.32 25,765.59 10,227.72 133,486.51
Qtr.IV 86,417.30 194,737.37 281,154.67 459,418.22 740,572.89 855,028.77 102,002.83 140,206.86 (38,204.03) 753,025.94 39,376.20 28,759.38 10,616.82 153,832.08
2018/19
Qtr.I 83,380.01 182,882.17 266,262.18 485,869.24 752,131.42 870,272.56 103,205.53 147,083.49 (43,877.95) 767,067.02 37,942.27 21,270.71 16,671.56 156,083.41
Qtr.II 92,192.59 185,405.32 277,597.90 511,563.89 789,161.79 921,386.87 98,558.46 154,902.04 (56,343.57) 822,828.41 23,507.72 11,063.97 12,443.76 155,732.81
Qtr.III 97,075.11 186,067.65 283,142.75 548,867.19 832,009.94 972,583.62 83,539.21 145,023.53 (61,484.32) 889,044.41 27,415.57 17,786.07 9,629.50 167,989.25
Qtr.IV 92,017.0 216,920.17 308,937.14 577,815.41 886,752.54 1,052,684.55 109,799.21 172,171.40 (62,372.19) 942,885.35 14,505.19 3,967.75 10,537.44 180,437.20
2019/20
Qtr.I 91,522.75 225,668.94 317,191.69 592,745.22 909,936.90 1,093,887.22 122,330.84 178,804.28 (56,473.43) 971,556.37 (17,043.11) (24,418.74) 7,375.63 166,907.21
Qtr.II 98,665.25 233,018.82 331,684.07 618,868.54 950,552.61 1,135,630.34 111,154.23 173,298.24 (62,144.01) 1,024,476.11 (14,628.59) (17,544.83) 2,916.24 170,449.14
Qtr.III 109,335.29 246,556.75 355,892.04 630,871.38 986,763.42 1,201,791.53 130,342.97 195,106.33 (64,763.36) 1,071,448.56 (28,902.99) (30,150.76) 1,247.77 186,125.12
Qtr.IV 109,071.81 251,513.71 360,585.51 677,060.82 1,037,646.34 1,257,527.48 137,080.08 195,708.16 (58,628.07) 1,120,447.40 (4,683.72) (15,221.00) 10,537.27 215,197.43
2020/21
Qtr.I 64,666.05 269,917.20 334,583.25 750,405.43 1,084,988.68 1,318,617.97 148,399.05 209,592.74 (61,193.69) 1,170,218.92 (28,149.28) (33,703.26) 5,553.98 205,480.01
Qtr.II 108,326.05 282,154.64 390,480.69 787,233.92 1,177,714.61 1,382,906.89 139,723.41 216,439.24 (76,715.83) 1,243,183.48 (38,577.03) (51,759.47) 13,182.44 166,615.25
Qtr.III 127,518.32 291,829.37 419,347.69 840,262.58 1,259,610.27 1,454,897.79 163,476.93 221,259.94 (57,783.01) 1,291,420.86 (10,275.23) (32,638.24) 22,363.01 185,012.29
Qtr.IV 133,621.30 303,770.68 437,391.98 910,874.18 1,348,266.16 1,562,694.68 214,269.16 245,019.19 (30,750.03) 1,348,425.52 10,455.44 (32,638.24) 43,093.68 224,883.96
2021/22
Qtr.I 135,810.72 312,964.31 448,775.03 944,383.31 1,393,158.33 1,637,001.16 287,174.72 280,752.82 6,421.90 1,349,826.45 16,992.01 (32,638.24) 49,630.25 260,834.84
Table 5: Seasonally adjusted data of Monetary Variables (1)
(In Millions of Birr)

Money and Quasi-Money Domestic Credit

End of
Currency Net Central Foreign
Period Money Quasi Total Non-Cent.
Outside Demand Gov't Assets
Supply Money Volume Gov't
Banks Deposit (Net) (Net)
2008/09
Qtr.I 17,236.16 20,076.78 37,312.94 35,567.72 72,880.66 80,977.31 52,956.66 10,003.42
Qtr.II 13,853.90 22,627.96 36,481.86 34,811.19 71,293.04 85,412.99 37,368.30 10,243.69
Qtr.III 19,013.57 24,296.85 43,310.42 37,031.56 80,341.98 89,119.23 42,508.70 15,532.46
Qtr.IV 22,934.47 22,938.32 45,872.80 40,397.09 86,269.89 90,455.45 78,306.15 18,229.20
2009/10
Qtr.I 19,567.31 24,881.99 44,449.30 44,486.13 88,935.43 88,602.63 64,028.97 18,806.39
Qtr.II 17,289.37 24,031.04 41,320.41 44,406.67 85,727.08 93,039.12 45,073.24 20,813.83
Qtr.III 21,937.76 26,455.72 48,393.48 47,835.25 96,228.73 98,671.91 52,161.65 25,278.62
Qtr.IV 28,159.77 28,397.34 56,557.11 51,997.77 108,554.88 105,815.19 99,015.79 27,571.53
2010/11
Qtr.I 25,161.66 28,459.66 53,621.32 57,134.27 110,755.59 101,047.20 79,152.15 36,597.10
Qrt.II 22,499.80 31,307.31 53,807.11 56,581.36 110,388.47 110,624.46 58,197.81 40,271.11
Qtr.III 30,137.74 36,227.12 66,364.87 63,440.25 129,805.12 126,676.71 74,204.85 47,691.82
Qtr.IV 37,894.35 44,648.53 82,542.89 69,205.97 151,748.85 144,318.59 157,772.24 56,314.38
2011/12
Qtr.I 33,837.67 44,824.71 78,662.38 74,993.04 153,655.42 138,193.83 132,520.53 53,427.08
Qtr.II 28,827.43 42,279.64 71,107.07 75,208.80 146,315.87 157,567.59 100,776.61 49,394.91
Qtr.III 37,237.22 48,663.82 85,901.04 84,972.60 170,873.64 190,825.26 126,869.85 47,831.58
Qtr.IV 44,830.25 57,672.13 102,502.38 94,548.90 197,051.28 204,987.13 250,661.08 40,346.31
2012/13
Qtr.I 40,003.00 53,072.04 93,075.04 102,801.87 195,876.91 191,554.79 196,298.76 37,850.33
Qtr.II 33,915.43 56,719.32 90,634.75 103,942.43 194,577.18 213,388.40 139,610.24 39,794.31
Qtr.III 44,555.55 68,189.40 112,744.94 112,185.79 224,930.74 243,656.26 167,482.50 49,095.65
Qtr.IV 53,141.49 70,719.31 123,860.79 120,509.51 244,370.30 255,789.44 319,631.91 46,280.40
2013/14
Qtr.I 43,120.48 65,799.32 108,919.80 132,790.67 241,710.46 248,381.06 254,312.04 36,907.07
Qtr.II 35,034.90 68,605.47 103,640.37 135,912.48 239,552.84 280,746.38 183,509.94 33,568.03
Qtr.III 49,325.59 73,178.35 122,503.94 149,702.70 272,206.64 316,621.37 214,428.17 38,417.68
Qtr.IV 61,859.67 82,840.39 144,700.06 163,682.78 308,382.84 330,644.85 415,202.34 46,617.75
2014/15
Qtr.I 53,575.78 77,212.86 130,788.64 179,893.98 310,682.62 324,089.21 334,712.63 37,617.89
Qtr.II 46,195.00 80,932.40 127,127.41 181,903.45 309,030.86 367,680.41 240,612.39 39,448.86
Qtr.III 59,678.99 90,582.08 150,261.06 197,142.09 347,403.15 415,001.15 285,675.10 37,115.16
Qtr.IV 70,334.19 96,520.51 166,854.69 216,622.57 383,477.26 436,889.39 555,345.93 38,098.44
2015/16
Qtr.I 62,675.16 91,951.74 154,626.90 234,022.56 388,649.45 420,346.45 443,769.11 34,853.39
Qtr.II 50,469.06 94,443.80 144,912.87 232,576.71 377,489.57 470,250.81 311,340.80 31,476.07
Qtr.III 64,770.64 100,596.63 165,367.28 244,355.08 409,722.36 521,288.31 356,636.45 26,289.61
Qtr.IV 77,576.03 114,625.32 192,201.35 266,656.59 458,857.94 539,426.58 672,360.42 21,826.39
2016/17
Qtr.I 72,251.77 111,470.08 183,721.85 289,703.72 473,425.57 527,628.65 535,899.79 13,826.61
Qtr.II 58,571.42 120,835.90 179,407.32 294,040.25 473,447.56 578,390.72 372,553.27 16,486.71
Qtr.III 74,200.62 138,931.83 213,132.45 318,315.85 531,448.30 646,532.47 431,010.51 26,642.49
Qtr.IV 85,988.51 146,332.24 232,320.75 356,614.44 588,935.19 700,365.58 840,054.73 38,568.80
2017/18
Qtr.I 77,993.00 151,387.08 229,380.07 384,719.30 614,099.37 686,527.51 663,551.70 29,838.17
Qtr.II 68,967.37 158,839.42 227,806.79 388,348.68 616,155.47 759,228.77 460,948.80 22,550.43
Qtr.III 89,417.03 183,568.88 272,985.92 419,414.60 692,400.52 829,116.19 37,613.02
Qtr.IV 100,529.24 199,438.33 299,967.57 459,418.22 759,385.79 867,033.37 1,045,200.01 39,929.04
2018/19
Qtr.I 87,965.91 177,944.35 265,910.26 501,417.05 767,327.31 838,072.47 825,364.12 36,538.41
Qtr.II 73,265.45 182,809.64 256,075.09 501,332.61 757,407.70 922,308.26 575,979.89 23,531.23
Qtr.III 95,813.13 191,649.68 287,462.80 538,987.58 826,450.38 1,016,349.89 675,673.75 28,649.27
Qtr.IV 107,043.34 222,156.62 329,199.96 577,815.41 907,015.37 1,067,464.25 1,308,724.86 14,708.85
2019/20
Qtr.I 96,556.50 219,575.88 316,132.37 611,713.06 927,845.44 1,053,413.39 1,045,394.66 (16,412.51)
Qtr.II 78,409.27 229,756.55 308,165.83 606,491.17 914,657.00 1,136,765.97 717,133.28 (14,643.22)
Qtr.III 107,913.93 253,953.45 361,867.38 619,515.70 981,383.08 1,255,872.15 814,300.90 (30,203.62)
QIV 126,883.23 257,585.25 384,468.48 677,060.82 1,061,529.30 1,275,183.17 1,555,180.99 (4,749.48)
2020/21
Qtr.I 68,222.69 262,629.43 330,852.12 774,418.40 1,105,270.52 1,269,829.10 1,259,155.56 (27,107.75)
Qtr.II 86,086.71 278,204.48 364,291.19 771,489.24 1,135,780.43 1,384,289.79 870,228.43 (38,615.60)
Qtr.III 101,338.81 287,743.76 389,082.57 823,457.33 1,212,539.89 1,456,352.69 903,994.60 (10,285.50)
Qtr IV 155,441.65 311,103.71 466,545.36 910,874.18 1,377,419.54 1,584,634.91 1,871,614.62 10,602.23
2021/22
Qtr.I 143,280.31 304,514.27 447,794.58 974,603.57 1,422,398.15 1,576,432.12 1,452,413.25 16,363.31
1/ Obtained by multiplying each original observation by appropriate index for the month
Table 6: International Reserves and Net Foreign Assets of National Bank & Commercial Banks
(In Millions of Birr)
Gross Reserve
Foreign Liabilities Net Foreign Assets
National Bank of Ethiopia International Reserves
Comm.
End of Reserve
Gross NBE Foreign Banks Total Comm. Comm.
Period Gold Tranche NBE Total NBE
Reserve Total Exc. Others Reserve Liab. Banks Banks
3 Posi. 6 9 10=11+12 11=2-9
1=2+6 2=3 to 5 4 7=8+9 8 12=6-8
5
2007/08
Qtr.I 20,016.34 13,021.85 375.82 12,080.02 463.88 102.13 6,994.50 4,787.11 2,113.06 2,674.04 15,229.24 10,347.81 4,881.43
Qtr.II 19,194.15 12,829.31 491.81 11,759.64 472.18 105.68 6,364.83 4,983.72 2,221.78 2,761.94 14,210.43 10,067.38 4,143.05
Qtr.III 19,005.66 10,875.89 502.52 9,772.72 486.96 113.69 8,129.78 6,005.59 2,384.41 3,621.19 13,000.07 7,254.70 5,745.37
Qtr.IV 16,735.51 8,708.66 5.47 8,093.97 495.26 113.96 8,026.85 5,069.87 2,301.87 2,768.01 11,665.63 5,940.65 5,724.98
2008/09
Qtr.I 16,363.33 8,636.72 15.01 8,010.33 500.60 110.78 7,726.62 5,975.57 2,315.51 3,660.06 10,387.77 4,976.66 5,411.11
Qtr.II 16,211.07 9,260.43 81.90 8,551.39 515.01 112.13 6,950.64 5,977.61 2,854.59 3,123.02 10,233.46 6,137.41 4,096.05
Qtr.III 21,378.52 13,284.94 8.60 12,580.96 574.93 120.45 8,093.58 6,514.92 2,801.54 3,713.38 14,863.60 9,571.56 5,292.04
Qtr.IV 26,434.27 17,214.61 18.17 16,488.13 580.86 127.45 9,219.66 8,457.46 3,076.51 5,380.94 17,976.81 11,833.66 6,143.15
2009/10
Qtr.I 31,435.10 22,262.14 120.26 21,002.66 995.32 143.91 9,172.96 11,906.14 3,856.62 8,049.53 19,528.96 14,212.62 5,316.34
Qtr.II 33,176.91 23,445.68 287.33 22,018.26 995.76 144.34 9,731.23 12,383.88 3,690.78 8,693.10 20,793.03 14,752.59 6,040.45
Qtr.III 40,235.07 27,285.95 267.70 24,480.32 2,389.76 148.18 12,949.12 14,956.45 3,960.93 10,995.53 25,278.62 16,290.43 8,988.19
Qtr.IV 42,350.09 27,289.34 443.30 23,490.22 3,210.12 145.70 15,060.75 15,160.31 3,254.28 11,906.03 27,189.78 15,383.31 11,806.47
2010/11
Qtr.I 55,098.19 35,852.22 490.52 31,229.17 3,948.22 184.31 19,245.97 17,094.98 4,246.06 12,848.92 38,003.21 23,003.30 14,999.91
Qrt.II 60,236.11 40,042.00 444.17 34,418.71 4,994.49 184.63 20,194.12 20,005.24 4,942.59 15,062.65 40,230.88 24,979.34 15,251.53
Qtr.III 66,516.18 45,367.31 1,636.24 38,413.88 5,124.86 192.33 21,148.87 20,878.08 5,595.24 15,282.84 45,638.10 30,084.47 15,553.63
Qtr.IV 79,945.54 51,551.39 1,395.23 44,738.80 5,221.68 195.67 28,394.16 24,410.87 5,715.48 18,695.39 55,534.68 32,856.00 22,678.68
2011/12
Qtr.I 82,289.50 59,724.20 1,037.56 53,248.95 5,242.45 195.24 22,565.30 26,809.66 6,441.17 20,368.49 55,479.84 39,355.70 16,124.13
Qtr.II 75,054.99 51,965.40 479.44 46,056.19 5,236.48 193.30 23,089.59 25,709.43 8,419.69 17,289.74 49,345.56 34,675.66 14,669.91
Qtr.III 68,989.93 40,349.89 669.26 34,192.43 5,292.44 195.77 28,640.04 23,218.08 7,392.24 15,825.84 45,771.85 24,524.05 21,247.79
Qtr.IV 64,119.02 40,101.45 2,038.08 32,528.76 5,339.29 195.32 24,017.57 24,331.33 5,484.21 18,847.12 39,787.69 21,254.33 18,533.36
2012/13
Qtr.I 64,490.48 44,307.75 (24.32) 38,671.89 5,458.67 201.51 20,182.74 25,185.88 5,873.98 19,311.91 39,304.60 24,995.84 14,308.76
Qtr.II 66,096.15 46,620.93 1,964.27 38,926.61 5,526.08 203.98 19,475.22 26,341.60 6,078.30 20,263.30 39,754.55 26,357.64 13,396.92
Qtr.III 73,770.07 50,358.05 1,310.29 43,334.32 5,512.02 201.42 23,412.02 26,788.59 6,038.08 20,750.51 46,981.49 29,607.54 17,373.94
Qtr.IV 72,649.20 44,140.03 2,253.17 36,078.39 5,606.69 201.78 28,509.18 27,009.59 7,515.18 19,494.41 45,639.62 24,645.62 20,994.00
2013/14
Qtr.I 69,177.60 46,471.52 2,656.15 37,900.27 5,705.18 209.91 22,706.08 30,852.50 7,787.68 23,064.82 38,325.10 23,406.69 14,918.40
Qtr.II 69,684.03 49,513.05 1,522.50 41,971.87 5,804.38 214.30 20,170.98 36,149.54 7,933.50 28,216.04 33,534.49 21,297.01 12,237.48
Qtr.III 67,001.19 45,838.73 1,333.55 38,439.61 5,848.52 217.05 21,162.46 30,237.86 7,843.13 22,394.73 36,763.33 23,444.00 13,319.32
Qtr.IV 77,877.97 50,624.47 1,217.59 43,237.44 5,951.02 218.41 27,253.50 31,905.67 7,995.09 23,910.57 45,972.30 26,713.89 19,258.41
2014/15
Qtr.I 72,152.41 52,555.40 1,217.59 45,256.47 5,866.25 215.08 19,597.01 33,089.18 7,599.61 25,489.57 39,063.23 27,065.83 11,997.40
Qtr.II 93,641.42 74,840.58 741.24 67,914.12 5,867.87 317.35 18,800.84 54,231.97 7,784.85 46,447.12 39,409.45 28,393.45 11,015.99
Qtr.III 80,014.15 64,152.02 206.89 57,837.68 5,800.34 307.11 15,862.13 44,497.25 7,985.81 36,511.44 35,516.90 27,640.58 7,876.32
Qtr.IV 82,741.82 66,817.67 79.30 60,856.52 5,566.59 315.26 15,924.15 45,170.87 8,326.57 36,844.30 37,570.95 29,973.37 7,597.57
2015/16
Qtr.I 80,548.64 65,085.59 (101.65) 59,349.29 5,519.27 318.69 15,463.04 44,356.12 8,351.74 36,004.39 36,192.52 29,081.21 7,111.31
Qtr.II 102,594.72 84,226.48 222.87 78,442.72 5,241.83 319.06 18,368.24 71,150.10 9,418.30 61,731.80 31,444.63 22,494.68 8,949.94
Qtr.III 94,205.95 72,889.54 1,136.99 66,362.68 5,064.22 325.65 21,316.42 69,048.43 10,021.13 59,027.31 25,157.52 13,862.23 11,295.29
Qtr.IV 95,054.99 74,156.73 1,113.92 67,851.69 4,859.62 331.50 20,898.27 73,530.80 9,880.50 63,650.30 21,524.19 10,506.42 11,017.77
2016/17
Qtr.I 96,065.61 74,949.60 8.43 69,963.93 4,641.20 336.04 21,116.01 81,707.76 10,224.60 71,483.16 14,357.85 3,466.44 10,891.41
Qtr.III 92,768.28 72,397.44 1,139.58 66,561.06 4,370.15 326.66 20,370.84 76,298.03 9,442.47 66,855.56 16,470.24 5,541.88 10,928.36
Qtr.III 91,850.16 70,874.56 1,135.37 61,851.06 7,550.46 337.66 20,975.60 66,354.95 9,775.10 56,579.86 25,495.21 14,294.70 11,200.51
Qtr.IV 98,750.85 73,874.32 741.33 68,851.84 3,931.73 349.42 24,876.54 60,716.07 10,818.77 49,897.29 38,034.79 23,977.03 14,057.76
2017/18
Qtr.I 93,889.81 68,636.42 0.01 64,643.51 3,633.38 359.52 25,253.39 62,905.21 11,920.65 50,984.56 30,984.60 17,651.86 13,332.74
Qtr.II 108,580.90 82,254.04 0.01 77,584.06 4,249.63 420.35 26,326.86 86,053.00 15,190.78 70,862.22 22,527.90 11,391.82 11,136.08
Qtr.III 109,952.13 85,287.93 81.43 80,464.52 4,309.30 432.67 24,664.20 73,958.81 14,436.48 59,522.34 35,993.32 25,765.59 10,227.72
Qtr.IV 102,738.94 77,617.37 750.54 72,217.34 4,231.09 418.41 25,121.57 63,362.74 14,504.75 48,857.99 39,376.20 28,759.38 10,616.82
2017/18
Qtr.I 134,142.53 103,307.08 750.99 97,678.76 4,455.23 422.10 30,835.45 96,200.25 14,163.89 82,036.37 37,942.27 21,270.71 16,671.56
Qtr.II 139,330.76 110,973.71 750.54 105,145.06 4,654.41 423.72 28,357.05 115,823.04 15,913.29 99,909.75 23,507.72 11,063.97 12,443.76
Qtr.III 138,532.05 111,651.22 198.87 106,132.87 4,887.60 431.88 26,880.84 111,116.48 17,251.34 93,865.15 27,415.57 17,786.07 9,629.50
Qtr.IV 127,270.46 98,726.63 804.88 92,853.80 4,630.17 437.79 28,543.82 112,765.27 18,006.38 94,758.88 14,505.19 3,967.75 10,537.44
2019/20
Qtr.I 95,770.88 69,790.04 15.26 64,693.13 4,646.29 435.36 25,980.84 112,813.99 18,605.21 94,208.78 (17,043.11) (24,418.74) 7,375.63
Qtr.II 118,262.24 94,289.16 19.38 88,749.48 5,041.96 478.35 23,973.08 132,890.84 21,056.84 111,833.99 (14,628.59) (17,544.83) 2,916.24
Qtr.III 105,013.78 80,407.49 316.70 74,412.19 5,190.27 488.33 24,606.29 133,916.77 23,358.51 110,558.25 (28,902.99) (30,150.76) 1,247.77
Qtr.IV 147,202.83 112,086.32 3,280.63 102,412.06 5,868.20 525.42 35,116.52 151,886.56 24,579.24 127,307.32 (4,683.72) (15,221.00) 10,537.27
2020/21
Qtr.I 153,636.73 120,432.59 5,033.13 108,717.20 6,118.98 563.29 33,204.14 181,786.00 27,650.16 154,135.85 (28,149.28) (33,703.26) 5,553.98
Qtr.II 163,630.62 120,263.57 1,868.95 111,460.69 6,318.98 614.96 43,367.05 202,207.65 30,184.61 172,023.04 (38,577.03) (51,759.47) 13,182.44
Qtr.III 159,309.69 104,230.92 12,559.91 84,429.98 6,601.61 639.43 55,078.76 186,682.62 32,715.75 153,966.87 (27,372.93) (49,735.95) 22,363.01
Qtr.IV 202,804.80 125,859.69 628.17 117,629.89 6,921.46 680.17 76,945.12 203,618.13 33,851.44 169,766.69 (813.32) (43,907.00) 43,093.68
2021/22
Qtr.I 184,215.83 99,173.34 1,886.67 89,322.29 7,253.37 711.01 85,042.49 228,673.67 35,412.24 193,261.43 (44,457.84) (94,088.09) 49,630.25
 Table 7: Domestic Credit by Sector
(In Millions of Birr)

Gross Claims on Central Gov't Claims on Non-Central Gov't

Domestic Comm. Loans & Invest-
End of Credit Total NBE Banks Total Advances ments
Period 1=2+5 2=3+4 3 4 5=6+7 6 7
2007/08
Qtr.I 77,648.79 46,319.15 30,269.27 16,049.88 31,329.65 22,920.83 8,408.81
Qtr.II 83,224.02 48,069.23 31,995.27 16,073.96 35,154.79 25,761.00 9,393.79
Qtr.III 88,852.79 46,095.09 33,917.27 12,177.81 42,757.71 31,682.65 11,075.06
Qtr.IV 95,104.83 48,211.24 41,563.08 6,648.16 46,893.59 33,600.67 13,292.93
2008/09
Qtr.I 99,722.15 50,505.92 44,270.98 6,234.94 49,216.23 34,397.64 14,818.58
Qtr.II 101,879.50 48,496.21 42,948.98 5,547.24 53,383.28 35,946.71 17,436.57
Qtr.III 103,730.38 47,797.88 42,248.98 5,548.90 55,932.51 37,079.81 18,852.70
Qtr.IV 106,324.63 49,908.09 44,498.73 5,409.36 56,416.54 38,802.03 17,614.51
2009/10
Qtr.I 109,573.22 50,066.74 44,326.63 5,740.11 59,506.48 39,701.38 19,805.10
Qtr.II 113,178.74 48,788.40 43,610.83 5,177.56 64,390.35 44,092.84 20,297.50
Qtr.III 120,251.34 51,617.59 45,989.73 5,627.86 68,633.76 46,900.67 21,733.09
Qtr.IV 124,275.08 52,938.05 45,522.78 7,415.27 71,337.03 47,540.18 23,796.85
2010/11
Qtr.I 127,025.88 53,464.40 47,983.68 5,480.72 73,561.48 48,436.98 25,124.50
Qrt.II 137,731.17 54,591.45 50,488.58 4,102.86 83,139.73 55,653.80 27,485.93
Qtr.III 154,521.74 56,883.78 51,930.58 4,953.20 97,637.96 62,088.83 35,549.12
Qtr.IV 172,852.07 59,183.31 55,614.64 3,568.67 113,668.76 68,121.31 45,547.45
2011/12
Qtr.I 182,848.50 59,688.15 55,566.48 4,121.67 123,160.34 72,379.01 50,781.33
Qtr.II 202,386.30 58,419.72 55,562.48 2,857.24 143,966.58 85,795.46 58,171.12
Qrt.III 225,564.77 58,630.77 55,562.48 3,068.28 166,934.01 100,478.28 66,455.73
Qtr.IV 240,575.21 59,983.66 55,562.48 4,421.18 180,591.55 107,119.04 73,472.51
2012/13
Qtr.I 246,456.06 64,022.27 55,510.38 8,511.89 182,433.79 106,583.93 75,849.86
Qtr.II 261,646.62 62,203.41 55,510.38 6,693.03 199,443.21 115,716.08 83,727.13
Qtr.III 285,289.57 64,917.87 59,510.38 5,407.49 220,371.71 128,230.09 92,141.62
Qtr.IV 300,492.71 70,210.35 64,510.38 5,699.97 230,282.36 130,885.39 99,396.97
2013/14
Qtr.I 304,819.92 68,470.44 64,381.33 4,089.11 236,349.48 129,713.99 106,635.50
Qtr.II 330,002.44 67,845.38 64,381.33 3,464.05 262,157.05 144,359.46 117,797.59
Qtr.III 357,277.46 75,135.14 73,381.33 1,753.80 282,142.33 155,798.24 126,344.08
Qtr.IV 374,071.19 74,934.06 73,304.39 1,629.68 299,137.13 162,232.83 136,904.30
2014/15
Qtr.I 385,474.06 74,402.84 73,175.34 1,227.50 311,071.22 166,392.07 144,679.15
Qtr.II 423,153.67 79,421.69 78,175.34 1,246.35 343,731.98 184,727.66 159,004.32
Qtr.III 458,315.98 82,427.69 81,175.34 1,252.35 375,888.30 202,409.27 173,479.03
Qtr.IV 493,536.50 93,431.36 92,175.34 1,256.02 400,105.14 208,858.92 191,246.21
2015/16
Qtr.I 512,987.60 100,562.77 99,657.34 905.43 412,424.83 212,528.02 199,896.80
Qtr.II 550,335.35 105,562.77 104,657.34 905.43 444,772.58 231,803.76 212,968.82
Qtr.III 574,821.26 105,562.77 104,657.34 905.43 469,258.48 244,256.61 225,001.87
Qtr.IV 594,275.57 109,866.05 109,080.40 785.65 484,409.53 252,456.25 231,953.28
2016/17
Qtr.I 614,243.26 116,195.13 115,640.85 554.28 498,048.14 257,176.06 240,872.08
Qtr.II 653,414.08 121,195.13 120,640.85 554.28 532,218.95 279,303.53 252,915.43
Qtr.III 697,290.22 130,171.13 129,640.85 530.28 567,119.09 299,213.06 267,906.04
Qtr.IV 762,842.31 157,615.56 135,632.85 21,982.71 605,226.75 311,137.51 294,089.24
2017/18
Qtr.I 789,525.40 172,841.67 150,632.85 22,208.82 616,683.74 316,104.52 300,579.22
Qtr.II 840,813.75 182,315.46 160,128.85 22,186.62 658,498.28 336,105.79 322,392.50
Qtr.III 879,125.76 182,315.46 160,128.85 22,186.62 696,810.30 357,928.56 338,881.74
Qtr.IV 935,341.40 182,315.46 160,128.85 22,186.62 753,025.94 393,607.01 359,418.93
2018/19
Qtr.I 956,319.44 189,252.41 166,685.30 22,567.12 767,067.02 402,964.12 364,102.91
Qtr.II 1,024,035.43 201,207.02 178,685.30 22,521.73 822,828.41 444,356.28 378,472.13
Qtr.III 1,094,682.64 205,638.22 182,685.30 22,952.93 889,044.41 471,569.71 417,474.71
Qtr.IV 1,161,190.85 218,305.50 194,685.30 23,620.21 942,885.35 495,504.92 447,380.43
2019/20
Qtr.I 1,193,721.90 222,165.52 199,237.75 22,927.78 971,556.37 515,294.45 456,261.93
Qtr.II 1,251,837.28 227,361.17 204,237.75 23,123.42 1,024,476.11 568,242.29 456,233.83
Qtr.III 1,315,614.08 244,165.52 221,237.75 22,927.78 1,071,448.56 583,681.60 487,766.96
QIV 1,379,523.63 259,076.23 230,237.75 28,838.49 1,120,447.40 629,954.69 490,492.71
2020/21
Qtr.I 1,449,866.28 279,647.36 243,141.31 36,506.06 1,170,218.92 669,626.18 500,592.74
Qtr.II 1,524,023.10 280,839.63 248,141.31 32,698.32 1,243,183.48 717,177.35 526,006.13
Qtr.III 1,584,277.32 292,856.46 251,862.65 40,993.81 1,291,420.86 760,726.06 530,694.80
Qtr.IV 1,707,062.02 358,636.51 281,862.65 76,773.86 1,348,425.52 815,512.08 532,913.44
2021/22
Qtr.I 1,768,866.66 419,040.21 311,862.65 107,177.57 1,349,826.45 817,355.15 532,471.29
Table 8: Deposits by Type and Sector
(In Millions of Birr)

Non-Central Gov't Deposits with CBs Central Gov't Dep. with

Net Time Dep.
Total Demand Savings (30 days National Comm.
End of Deposits Total Deposit Deposit & over) Total Bank Banks
Period 1=2+6 2=3 to 5 3 4 5 6=7+8 7 8
2007/08
Qtr.I 61,683.06 45,481.93 16,968.54 24,994.43 3,518.97 16,201.13 8,032.28 8,168.85
Qtr.II 62,526.95 46,703.07 16,652.00 26,300.71 3,750.36 15,823.89 6,740.91 9,082.98
Qtr.III 64,318.55 48,941.84 17,462.77 27,829.80 3,649.27 15,376.71 5,966.52 9,410.19
Qtr.IV 65,663.61 50,528.03 17,696.26 29,477.65 3,354.13 15,135.58 6,157.32 8,978.26
2008/09
Qtr.I 70,732.30 55,098.74 20,633.90 31,463.68 3,001.17 15,633.56 7,222.97 8,410.60
Qtr.II 75,022.70 58,470.86 22,949.25 32,543.78 2,977.84 16,551.83 6,215.84 10,336.00
Qtr.III 79,748.34 61,299.52 23,589.18 34,659.04 3,051.31 18,448.82 6,682.81 11,766.01
Qtr.IV 79,916.41 62,794.83 22,397.64 37,148.81 3,248.37 17,121.59 6,671.53 10,450.06
2009/10
Qtr.I 86,455.99 68,889.65 25,572.45 39,815.15 3,502.06 17,566.34 7,373.32 10,193.02
Qtr.II 89,917.82 69,685.24 24,372.26 41,814.19 3,498.80 20,232.57 7,785.92 12,446.66
Qtr.III 95,782.45 74,203.02 26,271.82 44,362.54 3,568.66 21,579.43 7,036.56 14,542.87
Qtr.IV 99,652.87 79,727.91 27,727.99 48,043.71 3,956.21 19,924.97 6,182.46 13,742.50
2010/11
Qtr.I 107,047.07 84,950.78 29,584.52 51,464.97 3,901.29 22,096.29 8,265.64 13,830.65
Qrt.II 116,681.78 89,464.56 31,725.01 53,879.49 3,860.06 27,217.22 9,369.75 17,847.47
Qtr.III 132,852.12 99,552.12 34,948.61 60,140.80 4,462.70 33,300.00 11,276.68 22,023.33
Qtr.IV 143,339.26 112,807.61 43,596.12 64,545.08 4,666.41 30,531.65 10,290.93 20,240.72
2011/12
Qtr.I 158,086.94 118,741.91 46,068.57 67,993.43 4,679.92 39,345.03 19,133.30 20,211.73
Qtr.II 164,606.16 119,630.04 42,879.96 71,584.79 5,165.29 44,976.12 17,307.05 27,669.07
Qrt.III 176,742.06 133,785.19 47,246.43 76,402.38 10,136.38 42,956.87 11,962.11 30,994.76
Qtr.IV 189,288.75 150,862.50 56,312.74 82,488.70 12,061.06 38,426.25 10,218.40 28,207.85
2012/13
Qtr.I 201,701.35 154,159.92 54,544.75 87,502.71 12,112.46 47,541.43 17,980.48 29,560.96
Qtr.II 212,060.37 163,588.98 57,524.67 93,134.26 12,930.05 48,471.40 12,778.13 35,693.26
Qtr.III 232,572.14 180,446.45 66,203.30 100,727.49 13,515.66 52,125.69 17,952.55 34,173.15
Qtr.IV 237,807.95 189,563.12 69,052.38 106,232.04 14,278.69 48,244.83 9,133.04 39,111.79
2013/14
Qtr.I 243,194.15 196,298.49 67,625.20 113,061.71 15,611.58 46,895.66 16,548.01 30,347.65
Qtr.II 257,802.58 208,266.07 69,579.58 122,757.75 15,928.74 49,536.52 14,339.95 35,196.57
Qtr.III 277,784.24 223,493.74 71,046.94 135,254.21 17,192.59 54,290.51 12,807.36 41,483.14
Qtr.IV 292,574.89 244,570.57 80,887.76 145,810.54 17,872.27 48,004.32 8,793.48 39,210.84
2014/15
Qtr.I 302,604.19 253,671.36 79,355.45 155,437.52 18,878.38 48,932.83 14,407.98 34,524.85
Qtr.II 323,537.99 267,697.42 82,081.55 164,291.18 21,324.70 55,840.58 13,882.20 41,958.38
Qtr.III 349,885.26 288,699.57 87,943.76 163,024.68 37,731.13 61,185.70 21,308.75 39,876.94
Qtr.IV 373,564.10 310,867.99 94,245.42 174,631.98 41,990.59 62,696.11 15,098.54 47,597.57
2015/16
Qtr.I 397,760.17 321,269.40 94,503.33 181,919.24 44,846.83 76,490.77 31,740.19 44,750.57
Qtr.II 413,662.32 333,107.99 95,784.79 192,284.18 45,039.02 80,554.32 25,739.39 54,814.93
Qtr.III 422,481.50 346,500.73 97,666.63 201,515.25 47,318.84 75,980.77 20,077.26 55,903.51
Qtr.IV 440,897.76 378,580.08 111,923.49 217,034.28 49,622.31 62,317.68 14,042.32 48,275.36
2016/17
Qtr.I 461,626.23 395,283.95 114,563.29 228,607.10 52,113.56 66,342.28 18,220.23 48,122.05
Qtr.II 498,193.86 422,592.69 122,551.62 244,021.95 56,019.12 75,601.17 15,628.13 59,973.04
Qtr.III 537,634.69 459,035.83 134,885.28 264,819.66 59,330.90 78,598.86 19,084.80 59,514.06
Qtr.IV 571,671.19 499,497.48 142,883.04 293,431.70 63,182.74 72,173.71 14,741.81 57,431.90
2017/18
Qtr.I 605,014.07 528,393.66 155,587.95 306,915.08 65,890.63 76,620.40 19,337.75 57,282.65
Qtr.II 639,712.39 557,368.95 161,094.75 324,547.41 71,726.79 82,343.44 16,680.94 65,662.50
Qtr.III 691,047.39 605,334.25 178,222.22 352,633.66 74,478.38 85,713.14 18,874.93 66,838.21
Qtr.IV 734,482.46 654,169.83 194,737.37 382,563.67 76,868.79 80,312.63 19,921.99 60,390.64
2018/19
Qtr.I 754,813.22 668,766.34 182,882.17 407,185.70 78,698.46 86,046.88 19,601.81 66,445.07
Qtr.II 799,642.99 696,994.43 185,405.32 430,123.97 81,465.14 102,648.56 23,783.26 78,865.30
Qtr.III 857,091.15 734,992.14 186,067.65 462,852.96 86,071.53 122,099.01 37,661.76 84,437.25
Qtr.IV 903,483.68 794,977.38 216,920.17 487,543.93 90,513.29 108,506.29 22,513.90 85,992.40
2019/20
Qtr.I 918,495.03 818,660.35 225,668.94 502,444.51 90,546.90 99,834.68 20,433.47 79,401.21
Qtr.II 968,377.71 852,170.77 233,018.82 529,431.05 89,720.91 116,206.94 30,939.51 85,267.44
Qtr.III 991,737.27 877,914.72 246,556.75 550,592.71 80,765.27 113,822.55 26,131.42 87,691.14
Qtr.IV 1,050,842.01 928,845.86 251,513.71 589,445.39 87,886.77 121,996.15 34,529.59 87,466.56
2020/21
Qtr.I 1,151,766.44 1,020,518.13 269,917.20 659,017.03 91,583.91 131,248.31 33,548.57 97,699.75
Qtr.II 1,210,840.93 1,069,724.72 282,154.64 698,415.14 89,154.94 141,116.21 31,702.07 109,414.14
Qtr.III 1,261,780.28 1,132,400.75 291,829.37 748,898.37 91,673.01 129,379.53 30,602.71 98,776.82
Qtr.IV 1,360,219.55 1,215,852.20 303,770.67 817,587.69 94,493.84 144,367.35 36,843.46 107,523.89
2021/22
Qtr.I 1,389,560.12 1,257,694.62 312,964.31 845,984.44 98,745.88 131,865.50 31,109.83 100,755.67
 Table 9: Reserve and Liquidity Position of the Commercial Banks, and Turnover of Deposits
(In Millions of Birr)
Actual Ratio:
Reserve Foreign Liabilities Reserve+ Liqui- Loans Debit Turn-
Requir- Actual Excess Foreign Short Long Net For. dity Adv.to Bal- Over of
End of ments Rese. Rese. Assets Total Term Term Assets Ratio Dep. ance Deposit
Period 1 2 3=2-1 4 5=6+7 6 7 7=2+4-5 8 9 10 11
2007/08
Qtr.I 5,365.08 13,865.27 8,500.19 6,994.50 2,113.06 2,113.06 - 18,746.71 41.22 42.72 76,830.15 2.32
Qtr.II 5,578.60 14,355.51 8,776.91 6,364.83 2,221.78 2,221.78 - 18,498.56 39.61 46.18 82,185.63 2.53
Qtr.III 5,835.20 12,463.60 6,628.40 8,129.78 2,384.41 2,384.41 - 18,208.97 37.21 54.30 90,495.30 2.76
Qtr.IV 8,925.94 17,795.25 8,869.31 8,026.85 2,301.87 2,301.87 - 23,520.23 46.55 56.47 90,493.46 2.76
2008/09
Qtr.I 9,526.40 17,673.90 8,147.50 7,726.62 2,315.51 2,315.51 - 23,085.01 41.90 54.16 93,429.37 2.58
Qtr.II 10,321.03 20,659.25 10,338.22 6,950.64 2,854.59 2,854.59 - 24,755.30 42.34 52.24 102,943.96 2.61
Qtr.III 10,959.83 21,886.74 10,926.91 8,093.58 2,801.54 2,801.54 - 27,178.78 44.34 50.75 105,249.56 2.50
Qtr.IV 10,986.73 23,690.72 12,703.99 9,219.66 3,076.51 3,076.51 - 29,833.87 47.51 52.98 124,300.65 3.15
2009/10
Qtr.I 11,398.99 27,119.02 15,720.02 9,172.96 3,856.62 3,856.62 - 32,435.36 48.58 51.27 119,082.48 2.93
Qtr.II 11,983.78 24,371.67 12,387.89 9,731.23 3,690.78 3,690.78 - 30,412.11 44.65 53.63 131,681.49 3.04
Qtr.III 12,695.80 26,921.09 14,225.29 12,949.12 3,960.93 3,960.93 - 35,909.28 50.53 54.01 140,393.61 3.01
Qtr.IV 13,973.16 25,217.08 11,243.92 15,060.75 3,254.28 3,254.28 - 37,023.55 47.14 52.64 135,342.10 2.72
2010/11
Qtr.I 14,425.68 28,768.06 14,342.38 19,245.97 4,246.06 4,246.06 - 43,767.97 52.16 50.04 142,217.22 2.86
Qrt.II 15,192.46 27,486.93 12,294.47 20,194.12 4,942.59 4,942.59 - 42,738.46 49.33 51.14 157,805.63 2.92
Qtr.III 17,642.76 31,482.17 13,839.40 21,148.87 5,595.24 5,595.24 - 47,035.80 48.70 51.76 182,812.16 2.73
Qtr.IV 19,025.55 34,282.97 15,257.42 28,394.16 5,715.48 5,715.48 - 56,961.65 53.00 51.32 195,452.30 2.84
2011/12
Qtr.I 20,126.73 34,514.38 14,387.65 22,565.30 6,441.17 6,441.17 - 50,638.52 43.68 52.65 (9,492.66) (0.11)
Qtr.II 21,519.95 30,154.47 8,634.53 23,089.59 8,419.69 8,419.69 - 44,824.38 37.92 55.15 (2,172.31) (0.02)
Qrt.III 23,815.67 17,652.45 (6,163.22) 28,640.04 7,392.24 7,392.24 - 38,900.24 29.94 60.46 17,694.84 0.19
Qtr.IV 25,253.90 29,039.93 3,786.03 24,017.57 5,484.21 5,484.21 - 47,573.29 33.72 61.61 4,861.45 0.05
2012/13
Qtr.I 26,887.04 27,882.48 995.43 20,182.74 5,873.98 5,873.98 - 42,191.23 27.86 59.18 1,243.93 0.01
Qtr.II 28,886.85 33,108.11 4,221.25 19,475.22 6,078.30 6,078.30 - 46,505.03 29.49 58.13 (393.14) (0.00)
Qtr.III 31,682.68 32,417.53 734.85 23,412.02 6,038.08 6,038.08 - 49,791.47 28.61 59.23 9,287.24 0.08
Qtr.IV 33,194.01 30,375.31 (2,818.70) 28,509.18 7,515.18 7,515.18 - 51,369.31 27.80 59.17 17,366.28 0.15
2013/14
Qtr.I 11,141.57 31,747.72 20,606.14 22,706.08 7,787.68 7,787.68 - 46,666.12 23.76 57.70 9,229.02 0.08
Qtr.II 11,623.52 29,413.17 17,789.65 20,170.98 7,933.50 7,933.50 - 41,650.65 20.86 59.24 5,710.64 0.05
Qtr.III 12,841.04 34,921.78 22,080.74 21,162.46 7,843.13 7,843.13 - 48,241.10 22.27 59.34 175.83 0.00
Qtr.IV 13,653.84 35,672.30 22,018.46 27,253.50 7,995.09 7,995.09 - 54,930.71 23.40 58.46 4,339.82 0.03
2014/15
Qtr.I 14,375.89 38,690.72 24,314.83 19,597.01 7,599.61 7,599.61 - 50,688.12 19.88 57.30 2,953.29 0.02
Qtr.II 14,936.11 35,148.79 20,212.68 18,800.84 7,784.85 7,784.85 - 46,164.79 17.77 59.30 6,009.59 0.04
Qtr.III 16,089.21 35,280.66 19,191.45 15,862.13 7,985.81 7,985.81 - 43,156.97 15.51 61.63 18,711.98 0.13
Qtr.IV 17,277.43 42,342.37 25,064.94 15,924.15 8,326.57 8,326.57 - 49,939.95 16.80 60.16 15,260.52 0.10
2015/16
Qtr.I 18,154.75 39,809.59 21,654.84 15,463.04 8,351.74 8,351.74 - 46,920.90 14.65 58.02 12,689.06 0.07
Qtr.II 18,915.62 37,943.40 19,027.78 18,368.24 9,418.30 9,418.30 - 46,893.34 14.39 59.75 21,979.28 0.13
Qtr.III 19,737.07 40,401.93 20,664.86 21,316.42 10,021.13 10,021.13 - 51,697.22 15.38 60.76 21,123.17 0.12
Qtr.IV 21,091.12 50,905.91 29,814.79 20,898.27 9,880.50 9,880.50 - 61,923.67 17.26 59.00 11,998.99 0.07
2016/17
Qtr.I 21,607.98 53,728.78 32,120.80 21,116.01 10,224.60 10,224.60 - 64,620.18 16.58 59.07 9,035.88 0.05
Qtr.II 23,442.03 54,499.76 31,057.72 20,370.84 9,442.47 9,442.47 - 65,428.12 15.95 57.14 1,283.95 0.01
Qtr.III 25,206.43 64,854.52 39,648.09 20,975.60 9,775.10 9,775.10 - 76,055.03 17.20 57.42 6,627.15 0.03
Qtr.IV 26,950.85 75,305.69 48,354.85 24,876.54 10,818.77 10,818.77 - 89,363.46 18.71 56.11 1,282.86 0.01
2017/18
Qtr.I 28,587.02 81,683.92 53,096.91 25,253.39 11,920.65 11,920.65 - 95,016.66 18.28 54.86 (15,668.39) (0.07)
Qtr.II 30,398.50 68,091.41 37,692.91 26,326.86 15,190.78 15,190.78 - 79,227.48 14.73 54.20 (443.57) (0.00)
Qtr.III 32,735.93 74,352.05 41,616.12 24,664.20 14,436.48 14,436.48 - 84,579.78 14.43 53.77 (1,452.41) (0.01)
Qtr.IV 34,423.80 89,611.48 55,187.68 25,121.57 14,504.75 14,504.75 - 100,228.29 16.02 55.08 (7,299.45) (0.03)
2018/19
Qtr.I 36,595.29 91,062.85 54,467.56 30,835.45 14,163.89 14,163.89 - 107,734.41 16.13 54.41 (7,494.41) (0.03)
Qtr.II 38,073.40 85,123.08 47,049.67 28,357.05 15,913.29 15,913.29 - 97,566.83 14.26 55.87 2,464.99 0.01
Qtr.III 39,995.88 82,819.61 42,823.73 26,880.84 17,251.34 17,251.34 - 92,449.11 12.90 57.40 8,337.54 0.03
Qtr.IV 41,140.08 118,506.49 77,366.41 28,543.82 18,006.38 18,006.38 - 129,043.93 17.23 58.71 (26,020.41) (0.09)
2019/20
Qtr.I 43,740.81 116,740.09 72,999.28 25,980.84 18,605.21 18,605.21 - 124,115.72 15.70 57.37 2,290.04 0.01
Qtr.II 45,358.63 117,120.70 71,762.07 23,973.08 21,056.84 21,056.84 - 120,036.93 14.67 60.26 6,788.45 0.02
Qtr.III 47,088.05 114,998.82 67,910.77 24,606.29 23,358.51 23,358.51 - 116,246.59 13.63 62.54 30,715.28 0.09
Qtr.IV 49,370.84 136,738.41 87,367.57 35,116.52 24,579.24 24,579.24 - 147,275.68 16.61 62.77 (11,125.89) (0.03)
2020/21
Qtr.I 53,516.97 184,698.60 131,181.63 33,204.14 27,650.16 27,650.16 - 190,252.58 19.61 60.67 (31,821.59) (0.08)
Qtr.II 57,514.76 146,676.51 89,161.75 43,367.05 30,184.61 30,184.61 - 159,858.95 15.28 59.88 (28,127.24) (0.07)
Qtr.III 59,747.70 136,453.39 76,705.69 55,078.76 32,715.75 32,715.75 - 158,816.40 14.54 62.09 (5,192.09) (0.01)
Qtr.IV 64,445.41 131,471.76 67,026.34 76,945.12 33,851.44 33,851.44 - 174,565.43 14.85 61.15 (17,860.57) (0.04)
2021/22
Qtr.I 67,910.66 152,532.33 84,621.68 85,042.49 35,412.24 35,412.24 - 202,162.59 16.18 59.68 (19,114.44) (0.04)
1. Actual Reserve: Reserves with the National Bank of Ethiopia Plus Cash in Hand (Local Currency).
2. Liquidity Ratio: Actual Reserves + Foreign Asset, net of short term liabilities, divided by Demand Deposits, net.
3. Ratio of Loans and Advances to Deposits: Gross Commercial Bank Loans and discounts plus credit to Central
Government divided by Gross Demand Deposits (of private and others) + Demand Deposits of domestic banks + Time
and Savings Deposits + Government Deposits with commercial banks.
4. Debit Balance: Total Debit Balance less debit against the deposits of the commercial banks.
5. Turnover of Deposits: Debit Balances divided by Gross Demand Deposits of private and others + Government Deposits.
 Table 10: Circulating Notes and Coins by Denomination
(In Millions of Birr)

Value of Denomination of Notes: Birr Denominations of Coins: Cents

End of Notes & Total Value Total Value
Period Coins (Notes) 1 5 10 50 100 200 (Coins) 1 5 10 25 50 100(coin)
2008/09
Qtr.I 6,788.5 6,591.0 417.0 162.8 2,456.7 3,554.5 13,600.0 197.5 0.8 30.4 69.6 37.8 58.9
Qtr.II 7,177.9 6,974.0 441.7 259.8 2,514.7 3,757.7 14,952.0 203.9 0.8 31.3 71.5 39.4 60.8
Qtr.III 7,452.4 7,242.4 459.8 268.9 2,581.7 3,931.9 16,576.4 210.1 0.8 32.2 73.0 41.3 62.8
Qtr.IV 7,034.6 6,818.9 449.0 245.7 2,227.0 3,897.3 17,099.3 215.7 0.8 33.2 74.3 42.8 64.7
2009/10
Qtr.I 6,424.3 6,203.5 426.3 231.8 2,023.7 3,521.7 16,612.0 220.7 0.9 33.9 75.6 44.1 66.2
Qtr.II 6,689.4 6,464.9 458.5 258.6 2,023.7 3,724.2 19,321.9 224.5 0.9 34.3 76.8 45.2 67.3
Qtr.III 7,727.5 7,497.9 466.2 364.7 2,943.1 3,723.9 20,605.6 229.6 0.9 34.8 78.9 45.9 69.2
Qtr.IV 7,282.1 7,046.3 462.6 356.9 2,842.9 3,383.9 21,530.6 235.8 0.9 35.4 80.6 46.6 72.3
2010/11
Qtr.I 7,303.7 6,960.8 482.3 366.6 2,618.5 3,493.4 23,316.4 342.9 1.0 36.2 83.5 52.0 127.7 42.5
Qtr.II 8,178.7 7,835.2 404.1 223.3 3,124.9 4,082.8 25,896.0 343.5 1.0 36.2 83.6 50.9 122.9 49.0
Qtr.III 9,673.9 9,396.0 471.9 310.0 4,012.5 4,601.5 27,803.9 278.0 1.0 36.3 83.9 26.1 73.1 57.6
Qtr.IV 8,781.1 8,485.1 482.9 293.4 3,425.0 4,283.8 30,363.2 296.0 0.8 37.0 86.0 30.1 76.3 65.9
2011/12
Qtr.I 9,219.4 8,912.8 486.5 287.1 3,526.7 4,612.6 29,562.4 306.6 0.8 37.2 86.8 31.0 77.6 73.2
Qtr.II 10,552.7 10,233.0 496.5 287.4 3,563.9 5,885.1 31,503.3 319.7 0.8 37.2 87.0 32.4 81.3 80.9
Qtr.III 13,387.9 13,060.6 661.5 659.5 4,605.1 7,134.5 31,330.1 327.3 0.8 37.2 87.7 33.9 84.5 83.1
Qtr.IV 5,100.8 4,767.1 626.3 514.8 1,144.0 2,482.0 40,701.3 333.7 0.8 37.3 88.4 35.2 86.4 85.6
2012/13
Qtr.I 6,211.5 5,963.9 677.6 626.9 1,545.6 3,113.7 40,027.1 247.6 0.8 27.3 69.6 6.9 55.8 87.3
Qtr II 9,019.3 8,764.0 700.2 465.3 2,533.4 5,065.1 41,963.6 255.3 0.8 28.2 70.7 8.9 58.6 88.1
Qtr II 11,257.6 10,985.5 614.7 513.6 3,368.2 6,488.9 43,080.0 272.2 0.8 28.5 73.8 14.2 66.9 88.0
Qtr.IV 11,586.7 11,225.8 659.6 533.0 3,430.7 6,602.4 43,407.0 360.9 0.8 34.2 84.0 57.7 96.0 88.3
2013/14
Qtr.I 11,262.4 10,893.1 683.6 589.5 3,222.9 6,397.1 39,329.5 369.3 0.8 34.2 84.9 59.0 98.1 92.2
Qtr.II 11,472.5 11,098.5 692.6 609.2 3,321.6 6,475.1 41,023.4 374.0 0.8 34.4 85.3 59.6 99.1 94.9
Qtr.III 11,029.7 10,617.7 659.9 867.2 2,421.4 6,669.2 53,612.6 412.0 0.8 39.3 94.9 61.9 100.1 114.9
Qtr.IV 11,108.5 10,683.8 634.9 906.9 2,368.8 6,773.2 53,364.4 424.8 0.8 39.5 95.4 62.8 101.4 124.8
2014/15
Qtr.I 10,917.9 10,477.9 618.3 964.8 2,339.5 6,555.3 52,928.7 440.1 0.8 39.7 95.9 63.9 102.9 136.8
Qtr.II 12,314.8 11,858.1 602.5 1,097.3 2,550.7 7,607.6 58,526.7 456.6 0.8 39.9 96.2 64.5 104.0 151.2
Qtr.III 12,693.4 12,212.3 589.0 1,161.0 2,695.0 7,767.3 61,776.9 481.1 0.8 40.0 96.7 65.6 105.9 172.1
Qtr.IV 12,383.0 11,871.1 557.8 1,177.8 2,675.6 7,459.8 62,975.8 511.9 0.8 40.1 97.1 66.4 107.3 200.1
2015/16
Qtr.I 12,327.4 11,777.6 538.9 1,209.0 2,725.7 7,304.0 62,536.1 549.8 0.8 40.3 97.6 67.1 108.6 235.4
Qtr.II 12,863.1 12,272.6 507.3 1,306.8 2,885.2 7,573.2 65,084.8 590.5 0.8 40.5 97.9 67.8 109.8 273.7
Qtr.III 12,624.2 11,979.8 479.6 1,325.7 2,807.1 7,367.4 67,752.0 644.4 0.8 40.6 98.3 68.3 110.7 325.6
Qtr.IV 13,164.0 12,466.9 455.8 1,337.4 2,766.9 7,906.8 69,600.9 697.1 0.8 40.7 98.4 68.7 111.5 376.9
2016/17
Qtr.I 14,241.1 13,500.0 439.3 1,355.6 2,793.4 8,911.7 71,743.1 741.0 0.8 40.9 98.7 69.4 112.5 418.7
Qtr.II 15,014.6 14,224.9 425.9 1,456.3 2,925.0 9,417.7 75,404.3 789.6 0.8 41.0 98.9 69.9 113.5 465.6
Qtr.III 15,312.7 14,470.9 411.7 1,461.3 2,982.7 9,615.2 77,070.3 841.8 0.8 41.1 99.1 70.6 114.7 515.5
Qtr.IV 15,442.8 14,554.8 403.8 1,418.7 3,010.1 9,722.2 78,972.8 888.0 0.8 41.2 99.4 71.4 115.8 559.3
2017/18
Qtr.I 15,423.3 14,497.0 396.4 1,396.7 3,025.7 9,678.2 79,709.5 926.3 0.8 41.3 99.6 72.0 116.8 595.8
Qtr.II 16,995.0 16,025.5 393.8 1,506.7 3,423.5 10,701.5 89,111.8 969.5 0.8 41.3 99.7 72.4 117.7 637.6
Qtr.III 17,419.4 16,400.5 388.2 1,507.8 3,487.4 11,017.1 95,189.3 1,018.9 0.8 41.4 99.8 72.7 118.6 685.5
Qtr.IV 17,568.5 16,508.1 384.1 1,467.8 3,512.8 11,143.4 95,512.5 1,060.4 0.8 41.4 99.8 73.0 118.9 726.5
2018/19
Qtr.I 17,125.8 16,038.5 380.4 1,464.1 3,497.5 10,696.4 93,919.9 1,087.3 0.8 41.4 99.8 73.2 119.9 752.2
Qtr.II 18,732.9 17,612.0 378.1 1,525.6 3,764.1 11,944.2 101,784.7 1,120.9 0.8 41.5 99.7 73.5 120.5 784.9
Qtr.III 18,695.3 17,551.8 375.4 1,533.0 3,747.1 11,896.4 106,771.2 1,143.5 0.8 41.5 99.7 73.4 120.6 807.5
Qtr.IV 18,185.2 17,022.6 374.5 1,535.7 3,724.9 11,387.5 103,782.4 1,162.5 0.8 41.4 99.6 73.4 120.7 826.5
2019/20
Qtr.I 18,032.3 16,859.3 374.8 1,551.8 3,766.4 11,166.3 106,111.5 1,173.0 0.8 41.5 99.5 73.3 121.0 836.9
Qtr.II 18,740.4 17,559.4 374.2 1,628.5 4,030.4 11,526.2 109,497.7 1,181.0 0.8 41.5 99.5 73.4 121.2 844.6
Qtr.III 19,935.3 18,743.4 376.4 1,709.2 4,226.1 12,431.6 119,337.4 1,192.0 0.8 41.4 99.5 73.3 122.5 854.4
Qtr.IV 19,859.4 18,664.8 375.8 1,674.6 4,389.0 12,225.4 120,817.5 1,194.6 0.8 41.5 99.5 73.2 123.1 856.5
2020/21
Qtr.I 18,165.6 16,968.7 375.8 1,520.3 4,430.4 10,642.3 106,393.0 0.0 1,196.9 0.8 41.4 99.4 73.1 123.3 858.7
Qtr.II 82,325.3 81,125.6 373.0 1,538.1 6,611.0 15,844.8 56,691.9 56,758.8 1,199.7 0.8 41.4 99.4 73.1 123.2 861.7
Qtr.III 159,636.9 158,424.2 372.7 1,605.5 6,789.7 14,970.3 59,977.3 74,708.8 1,212.6 0.8 41.4 99.4 73.0 123.8 874.1
Qtr.IV 163,861.0 162,638.3 372.8 1,574.6 6,180.0 14,058.6 60,268.5 80,183.9 1,222.7 0.8 41.4 99.4 73.0 124.3 883.7
2021/22
Qtr.I 167,348.0 166,108.6 373.4 1,555.7 6,033.7 13,977.5 60,653.6 83,514.6 1,239.4 0.8 41.4 99.4 73.1 124.9 899.7
 Table 11: Interest Rate Structures
A. Lending Rates (by CBE and specialized banks)
Through September 30, 1992
Oct. 1, 1992- Sept.1,1994-
Aug 31, 1994 Jan. 1, 1995
Sector Cooperatives State Private
Agriculture 5 6 7 11.0-12 Lending to all sectors 14-15
Industry, mining, power, and water resources 6 8 9 13.0-14
Domestic trade 6 8 9.5 14.0-15 Lending to the Central Gov't 12-13
Transport and communications 6 8 8 13.0-14
Export trade 6 6 6 13.0-14 NBE Lending to: 10.5
Import trade (agricultural inputs) 5 6 7 14.0-15 CBEs/ Discount Rate/
Import trade (other) 6 8 9.5 14.0-15
Hotels and tourism 6 8 9 14.0-15 Other Financial Inst. 10.5
Construction 6 8 9 11.0-12
Housing (1) purchase 6 6 8 11.0-12 Interbank Rate 10
(2) construction 4.5 4.5 7 11.0-12
Central Government -- 3.0-5.0 -- 12.0-13
Banks and financial institutions -- 2.5-4.5 -- 10.0
Personal loans -- -- 10 14.0-15

B. Deposit rates

Oct. 1, 1992-
Through September Aug 31, 1994 Sept.1,1994-
Deposit rates 30, 1992 Jan. 1, 1995
1.Time deposits
30 days notice -- 10.5 10.5
3 months to less than 6 months -- 10.5 10.5
6 months to less than 12 months -- 11 11
1 year to less than 2 years Differed by 11.5 11.5
2 years and above ownership 12 12
and maturity
Memorandum Items:
Rate differentials for 1 year and over
Financial institutions (1 year): 1.0
Gov'nt-owned under takings (1 year): 1.0
Individuals, savings and credit
cooperatives;self-help organizations:
1 year 6.0
2 years 6.5
3 years 7.0
5 years 7.5
Others:1 year 4.0
2 years 0.8
3 years 5.0
5 years 5.5

Differed by 10 10
2.Savings deposits ownership
and maturity
Rate differentials:
Individuals, savings and credit cooperatives;
self-help organizations:
Up to Br. 100,000 6.0
In excess of Br. 100,000 2.0

C. Minimum and Maximum Interest Rates

Jan. 2, 1995- Dec. 1, 1995- June 1, 1996- Sep.16,1996- Jan. 1,1998- Aug. 2002 to 08/02/2005 04/07/2007 11/10/2017
Nov. 30, 1995 May 30, 1996 Sep. 15, 1996 Dec. 31,1997 Mar. 3, 2002 Mar. 4,2002- 07/02/2005 04/07/2007 30/11/2010 01/12/2010 to todate
Minimum and Maximum Interest Rates 01/08/2002 to 10-Oct-2017
Minimum interest rates on Time
and Savings Deposits 10 11 10 7 6 3 3 3 4 5 7
Maximum lending rate by commercial
banks & other financial institutions, 15 16 15 10.5 Market Market Market Market Market Market Market
except for central government loan determined determined determined determined determined determined determined
Central Government loan 12 12 12 12 6 6 5 3 3 3 3
Table 12: Government Internal Debt by Holder
(In Millions of Birr)

Total National Bank of Ethiopia

Gov't Gov't Bonds Commercial Banks Others
End of NBE Direct
Indebt- Comm.
Period Total Advance Non-interest Interest Gov't Others Gov't Treasury
edness Banks Treasury
2=3 to 5 3 bearing bearing Bonds Total Bonds Bills
1=2+6+9 Total Bills 8
4 5 7 9=10+11 10 11
6=7+8
2009/10
Qtr.I 56,667.53 44,326.63 34,771.00 9,193.63 362.00 5,740.11 3,469.42 2,270.69 6,600.79 370.61 6,230.18
Qtr.II 55,892.60 43,610.83 34,055.20 9,193.63 362.00 5,177.56 3,456.84 1,720.73 7,104.20 354.21 6,749.99
Qtr.III 58,879.96 45,989.73 36,434.10 9,193.63 362.00 5,627.86 3,456.84 2,171.02 7,262.37 310.91 6,951.46
Qtr.IV 59,921.16 45,522.78 36,044.10 9,124.68 354.00 7,415.27 3,319.45 4,095.82 6,983.11 310.91 6,672.20
2010/11
Qtr.I 60,527.51 47,983.68 38,557.10 9,124.68 301.90 5,480.72 3,047.24 2,433.48 7,063.11 310.91 6,752.20
Qtr.II 61,613.17 50,488.58 41,062.00 9,124.68 301.90 4,102.86 2,784.66 1,318.20 7,021.72 269.31 6,752.41
Qtr.III 64,015.49 51,930.58 42,504.00 9,124.68 301.90 4,953.20 2,784.45 2,168.75 7,131.71 269.30 6,862.41
Qtr.IV 69,415.23 55,614.64 46,265.00 9,055.74 293.90 3,568.67 2,670.28 898.39 10,231.92 269.30 9,962.62
2011/12
Qtr.I 71,051.95 55,566.48 46,264.95 9,055.74 245.80 4,121.67 2,424.58 1,697.09 11,363.80 251.20 11,112.60
Qrt.II 71,122.32 55,562.48 46,264.95 9,055.74 241.80 2,857.24 2,423.24 434.00 12,702.60 251.20 12,451.40
Qrt.III 75,502.17 55,562.48 46,264.95 9,055.74 241.80 3,068.28 2,419.19 649.10 16,871.40 200.00 16,671.40
Qtr.IV 77,812.02 55,562.48 46,264.95 9,055.74 241.80 4,421.18 2,419.19 2,001.99 17,828.36 200.00 17,628.36
2012/13
Qtr.I 82,079.07 55,510.38 46,264.95 9,055.74 189.70 8,511.89 2,455.93 6,055.97 18,056.80 200.00 17,856.80
Qtr.II 81,380.81 55,510.38 46,264.95 9,055.74 189.70 6,693.03 2,397.57 4,295.46 19,177.40 200.00 18,977.40
Qtr.III 85,794.00 59,510.38 50,264.95 9,055.74 189.70 5,407.49 2,419.75 2,987.74 20,876.14 200.00 20,676.14
Qtr.IV 93,019.21 64,510.38 55,264.95 9,055.74 189.70 5,699.97 2,380.36 3,319.61 22,808.86 200.00 22,608.86
2013/14
Qtr.I 91,279.30 64,381.33 55,264.95 8,986.79 129.60 4,089.11 1,753.86 2,335.24 22,808.86 200.00 22,608.86
Qtr.II 90,654.24 64,381.33 55,264.95 8,986.79 129.60 3,464.05 1,753.83 1,710.21 22,808.86 200.00 22,608.86
Qtr.III 97,944.00 73,381.33 64,264.95 8,986.79 129.60 1,753.80 1,753.80 - 22,808.86 200.00 22,608.86
Qtr.IV 107,318.52 73,304.39 64,264.95 8,917.84 121.60 1,629.68 1,629.68 - 32,384.46 97.60 32,286.86
2014/15
Qtr.I 109,794.80 73,175.34 64,264.95 8,848.89 61.50 1,227.50 1,227.50 - 35,391.96 97.60 35,294.36
Qtr.II 116,383.35 78,175.34 69,264.95 8,848.89 61.50 1,246.35 1,246.35 - 36,961.66 54.30 36,907.36
Qtr.III 121,824.85 81,175.34 72,264.95 8,848.89 61.50 1,252.35 1,252.35 - 39,397.16 54.30 39,342.86
Qtr.IV 135,190.41 92,175.34 83,264.95 8,848.89 61.50 1,256.02 1,256.02 - 41,759.05 54.30 41,704.76
2015/16
Qtr.I 144,937.83 99,657.34 91,264.95 8,344.40 48.00 905.43 905.43 - 44,375.06 54.30 44,320.76
Qtr.II 154,426.63 104,657.34 96,264.95 8,344.40 48.00 905.43 905.43 - 48,863.86 54.30 48,809.56
Qtr.III 159,157.73 104,657.34 96,264.95 8,344.40 48.00 905.43 905.43 - 53,594.96 72.40 53,522.56
Qtr.IV 163,461.01 109,080.40 100,764.95 8,275.45 40.00 785.65 785.65 - 53,594.96 72.40 53,522.56
2016/17
Qtr.I 161,914.19 107,764.95 107,764.95 - - 554.28 554.28 - 53,594.96 72.40 53,522.56
Qtr.II 171,344.89 120,640.85 112,764.95 7,839.90 36.00 554.28 554.28 - 50,149.76 36.20 50,113.56
Qtr.III 184,406.89 129,640.85 121,764.95 7,839.90 36.00 530.28 530.28 - 54,235.76 36.20 54,199.56
Qtr.IV 230,923.31 135,632.85 127,764.95 7,839.90 28.00 21,982.71 21,982.71 - 73,307.76 36.20 73,271.56
2017/18
Qtr.I 251,943.33 150,632.85 142,764.95 7,839.90 28.00 22,208.82 22,208.82 - 79,101.66 18.10 79,083.56
Qtr.II 264,416.12 160,128.85 152,264.95 7,839.90 24.00 22,186.62 22,186.62 - 82,100.66 18.10 82,082.56
Qtr.III 270,410.12 160,128.85 152,264.95 7,839.90 24.00 22,186.62 22,186.62 - 88,094.66 18.10 88,076.56
Qtr.IV 286,601.12 160,128.85 152,264.95 7,839.90 24.00 22,186.62 22,186.62 - 104,285.66 18.10 104,267.56
2018/19
Qtr.I 306,121.07 166,685.30 159,264.95 7,404.35 16.00 22,567.12 22,567.12 - 116,868.66 18.10 116,850.56
Qtr.II 324,319.68 178,685.30 171,264.95 7,404.35 16.00 22,521.73 22,521.73 - 123,112.66 18.10 123,094.56
Qtr.III 334,556.88 182,685.30 175,264.95 7,404.35 16.00 22,952.93 22,952.93 - 128,918.66 18.10 128,900.56
Qtr.IV 353,340.16 194,685.30 187,264.95 7,404.35 16.00 23,620.21 22,970.35 649.86 135,034.66 18.10 135,016.56
2019/20
Qtr.I 364,447.98 199,237.75 192,264.95 6,968.80 4.00 22,927.78 22,927.78 - 142,282.45 18.10 142,264.36
Qtr.II 377,411.83 204,237.75 197,264.95 6,968.80 4.00 23,123.42 22,927.78 195.65 150,050.66 18.10 150,032.56
Qtr.III 400,742.18 221,237.75 214,264.95 6,968.80 4.00 22,927.78 22,927.78 - 156,576.66 18.10 156,558.56
Qtr.IV 447,118.02 243,141.31 44,778.66 6,097.70 192,264.95 36,506.06 23,385.37 13,120.69 167,470.66 18.10 167,452.56
2020/21
Qtr.I 453,775.98 243,141.31 44,778.66 6,097.70 192,264.95 36,506.06 23,385.37 13,120.69 174,128.62 18.10 174,110.52
Qtr.II 469,642.92 248,141.31 49,778.66 6,097.70 192,264.95 32,698.32 23,341.82 9,356.50 188,803.30 18.10 188,785.20
Qtr.III 511,100.82 251,862.65 53,500.00 6,097.70 192,264.95 40,993.81 23,356.82 17,637.00 218,244.36 18.10 218,226.26
Qtr.IV 624,547.12 281,862.65 83,500.00 6,097.70 192,264.95 76,773.86 23,818.91 52,954.95 265,910.61 18.10 265,892.51
2021/22
Qtr.I 603,459.61 311,862.65 113,500.00 6,097.70 192,264.95 107,177.57 23,818.85 83,358.72 184,419.40 18.10 184,401.30
Table 13: General Government Quarterly Revenue (In million Birr)
Ethiopian fiscal year 2012 2013 2014
Fiscal year ending July 7 2019/20 2020/21 2021/22
Actual Actual Pre-Actual
Budget 3mon(Qrt.I) 6mon Qrt.II 9mon Qrt.III 12 Mon Qrt.IV Budget 3mon (QI) 6Month (QII) 9Month (QIII) 12Month (QIV) Budget 3mon (QI)
Tax revenue 311,067.9 73,522.2 167,547.4 94,025.2 241,294.5 73,747.1 311,476.5 70,181.9 380,653.3 83,871.6 204,179.8 120,308.2 290,567.3 86,387.5 388,763.5 98,196.1 469,567.5 99,798.8
Direct taxes 127,778.3 27,968.8 74,812.5 46,843.7 102,822.5 28,010.0 132,214.5 29,392.1 144,457.3 34,999.0 100,532.9 65,534.0 133,594.9 33,062.0 173,965.5 40,370.6 190,152.4 40,656.5
Income and profits tax 124,751.6 27,315.0 73,381.0 46,066.0 100,643.8 27,262.8 129,479.3 28,835.5 140,363.6 33,946.4 98,397.0 64,450.5 130,815.9 32,418.9 153,044.7 34,453.1 157,194.9 36,121.4
Personal income 44,392.5 9,169.6 22,964.8 13,795.2 35,965.2 13,000.4 49,869.6 13,904.3 56,706.7 13,722.9 33,292.6 19,569.8 49,009.4 15,716.8 66,032.0 17,022.6 76,504.8 17,816.3
Rental income tax 2,556.5 1,049.6 2,318.6 1,269.0 2,476.5 157.9 2,612.2 135.7 3,304.8 1,231.4 2,718.6 1,487.2 3,006.8 288.2 3,315.5 308.7 4,296.3 1,487.1
Business profits 65,411.5 14,246.5 42,088.1 27,841.6 52,963.0 10,875.0 64,664.1 11,701.1 59,532.0 16,355.6 56,437.2 40,081.5 69,582.2 13,145.0 87,012.6 17,430.5 80,690.1 18,305.1
Withholding income tax on imports 3,806.8 1,208.3 2,511.4 1,303.1 3,851.7 1,340.3 4,892.7 1,041.0 5,945.4 1,233.0 2,446.4 1,213.4 3,799.0 1,352.6 5,144.9 1,345.9 8,405.3 1,503.7
Agriculture income 565.0 10.7 59.5 48.8 252.6 193.1 365.3 112.7 674.9 11.0 144.3 133.3 334.4 190.1 420.0 85.5 722.3 9.7
Other income 5,388.2 984.2 2,152.0 1,167.8 2,947.5 795.5 4,347.0 1,399.4 11,085.8 711.7 1,803.1 1,091.4 2,780.5 977.4 4,502.5 1,722.0 9,394.6 649.8
Interest income tax 1,770.5 547.9 1,127.7 579.9 1,663.7 536.0 2,132.2 468.6 2,588.1 635.0 1,453.5 818.5 2,125.5 672.0 2,778.6 653.2 3,675.6 835.0
Capital gains tax 860.6 98.3 159.0 60.7 523.6 364.6 596.3 72.7 525.8 45.8 101.3 55.5 178.2 76.9 582.1 403.9 536.5 22.1
Rural land use fee 560.7 15.3 65.5 50.2 238.5 173.1 358.0 119.5 452.1 21.0 135.6 114.6 295.1 159.5 391.9 96.8 586.1 13.6
Urban land lease fee 2,465.9 638.6 1,366.0 727.4 1,940.1 574.1 2,377.3 437.2 3,641.7 1,031.5 2,000.4 968.8 2,483.9 483.6 3,785.3 1,301.3 5,340.9 14.0
Domestic indirect taxes 91,956.4 20,490.4 41,054.6 20,564.1 59,807.0 18,752.4 78,886.5 19,079.5 114,816.5 22,563.6 50,784.5 28,220.9 77,255.3 26,470.8 108,160.1 30,904.8 132,450.0 29,166.9
Sales/TOT/excise taxes 45,973.6 9,425.5 18,017.1 8,591.6 26,377.7 8,360.6 35,454.8 9,077.1 62,852.4 11,652.6 26,214.3 14,561.7 40,696.8 14,482.5 55,560.2 14,863.4 64,962.7 15,757.4
Petroleum products 688.3 140.9 323.1 182.2 358.2 35.1 398.2 40.0 863.2 33.8 131.1 97.3 257.4 126.3 313.5 56.0 972.4 232.7
Alcohol and tobacco 8,826.5 1,988.8 4,661.9 2,673.0 6,485.8 1,824.0 9,657.7 3,171.8 12,055.8 2,594.9 7,058.3 4,463.4 11,898.4 4,840.1 15,477.3 3,578.9 12,699.1 3,872.7
Other goods 36,458.8 7,295.8 13,032.1 5,736.4 19,533.7 6,501.5 25,398.9 5,865.2 49,933.3 9,023.9 19,024.9 10,001.0 28,541.0 9,516.1 39,769.4 11,228.4 51,291.1 11,652.1
Services TOT/ sales tax 43,707.3 10,453.2 21,399.5 10,946.3 31,013.8 9,614.2 40,264.6 9,250.8 47,857.9 10,129.9 22,831.3 12,701.4 33,713.0 10,881.7 48,626.1 14,913.1 62,032.0 12,609.7
Stamp duties 2,275.4 611.7 1,637.9 1,026.2 2,415.5 777.6 3,167.1 751.5 4,106.2 781.1 1,739.0 957.9 2,845.5 1,106.5 3,973.9 1,128.4 5,455.3 799.7
Import duties and taxes 91,333.3 25,062.9 51,680.4 26,617.4 78,665.1 26,984.7 100,375.4 21,710.3 121,379.5 26,309.0 52,862.3 26,553.3 79,717.1 26,854.8 106,637.8 26,920.7 146,965.0 29,975.5
Custom duties 31,303.5 8,632.5 17,603.9 8,971.4 26,846.9 9,243.0 34,060.5 7,213.6 44,995.9 9,078.3 18,400.8 9,322.5 28,136.8 9,736.0 37,718.6 9,581.9 50,506.0 15,047.6
Sales/excise taxes 42,430.6 11,583.8 24,042.2 12,458.4 36,383.1 12,340.9 46,560.0 10,176.8 51,611.1 12,084.0 24,195.3 12,111.4 36,302.7 12,107.4 48,759.3 12,456.5 68,070.6 9,846.5
Petroleum products 2,284.3 726.9 1,584.2 857.3 2,248.8 664.7 3,025.3 776.4 3,891.7 497.2 1,121.7 624.5 1,473.5 351.7 1,788.8 315.3 3,786.7 303.9
Alcohol and tobacco 445.9 124.1 217.8 93.6 309.7 91.9 356.0 46.4 825.0 128.2 218.5 90.3 356.5 138.0 539.1 182.6 706.7 447.5
Other imports 39,700.4 10,732.8 22,240.2 11,507.5 33,824.6 11,584.4 43,178.7 9,354.0 46,894.4 11,458.5 22,855.1 11,396.5 34,472.8 11,617.8 46,431.4 11,958.6 63,577.2 9,095.1
Surtax on imports 17,599.1 4,846.6 10,034.3 5,187.7 15,435.1 5,400.8 19,755.0 4,319.9 24,772.5 5,146.7 10,266.2 5,119.5 15,277.6 5,011.4 20,160.0 4,882.3 28,388.5 5,081.4
Export taxes 0.0 0.0 0.0 0.0
Coffee duties 0.0 0.0 0.0 0.0
Coffee surtax 0.0 0.0 0.0 0.0
Other 0.0 0.0 0.0 0.0 0.0

Transaction tax 0.0 0.0 0.0 0.0 0.0

Non-tax revenue 54,136.2 12,795.2 20,049.4 7,254.2 26,681.1 6,631.7 42,836.3 16,155.2 67,650.1 16,089.3 24,214.8 8,125.5 37,405.3 13,190.5 55,819.2 18,413.9 76,707.3 9,686.9
Charges and fees 3,492.5 1,085.0 2,222.8 1,137.7 3,400.7 1,177.9 4,095.2 694.5 3,983.7 553.0 1,719.9 1,166.9 3,007.0 1,287.1 5,394.6 2,387.6 5,167.9 2,109.4
Sales of goods & services 4,474.2 1,201.5 2,580.2 1,378.7 4,195.0 1,614.8 5,794.2 1,599.2 6,358.5 914.1 2,465.9 1,551.9 4,415.8 1,949.9 7,399.0 2,983.2 8,166.9 1,899.6
Residual surplus, capital charge, interest 0.0 0.0 0.0
payments and state dividend 19,454.4 7,152.5 8,018.9 866.4 8,443.9 425.0 17,488.90 9,045.0 23,083.0 11,486.7 11,927.9 441.1 14,042.8 2,114.9 20,926.3 6,883.5 25,383.6 646.1
Reimbursement & property sales 543.4 25.7 159.1 133.4 178.8 19.7 203.38 24.6 663.5 144.8 198.0 53.2 2,036.7 1,838.8 680.3 -1,356.5 447.0 25.1
Miscellaneous 10,619.2 2,003.9 3,677.1 1,673.2 5,889.0 2,211.9 7,199.78 1,310.8 12,865.2 1,723.3 4,983.6 3,260.3 8,581.7 3,598.1 13,285.4 4,703.8 8,744.7 2,204.2
Other extraordinary 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Privatization proceeds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other revenue 15,552.5 1,326.5 3,391.3 2,064.8 4,573.7 1,182.3 8,054.9 3,481.2 20,696.2 1,267.5 2,919.6 1,652.1 5,321.3 2,401.8 8,133.6 2,812.3 28,797.2 2,802.5
Total revenue 365,204.1 86,317.4 187,596.8 101,279.5 267,975.7 80,378.8 354,312.8 86,337.1 448,303.4 99,960.9 228,394.6 128,433.7 327,972.7 99,578.0 444,582.6 116,610.0 546,274.8 109,485.7
External grants 36,793.6 4,083.9 9,365.4 5,281.6 14,442.3 5,076.9 40,653.0 26,210.7 45,458.7 11,241.5 22,926.3 11,684.8 29,621.8 6,695.5 34,305.5 4,683.7 66,818.8 5,900.6
Grants in kind/earmarked 18,794.9 3,759.0 8,081.8 4,322.8 13,156.4 5,074.6 17,855.1 4,698.7 24,798.3 5,207.6 10,663.3 5,455.6 17,358.8 6,695.5 23,558.4 6,199.6 28,066.3 5,900.6
Untied cash & CPF/grants 17,998.8 324.9 1,283.6 958.7 1,285.9 2.3 22,797.9 21,512.0 20,660.4 6,033.8 12,263.0 6,229.2 12,263.0 0.0 10,747.1 -1,515.9 38,752.5 0.0
Total revenue and grants 401,997.7 90,401.2 196,962.3 106,561.1 282,418.0 85,455.7 394,965.8 112,547.8 493,762.1 111,202.4 251,320.9 140,118.5 357,594.5 106,273.6 478,888.1 121,293.6 613,093.6 115,386.3
Source: Ministry of Finance
Table 14 General Government Quarterly Expenditure (Million Birr)
Ethiopian fiscal year 2012 2013 2014
Fiscal year ending July 7 2019/20 2020/21 2021/22
Actual Pre-Actual
Budget 3mon(Qrt.I) 6mon Qrt.II 9mon Qrt.III 12 mon Qrt.IV Budget 3 Mon(QI) 6Month (QII) 9Month (QIII) 12Month QIV Budget 3mon (QI)
A. Capital Expenditure
Economic development 145,030.4 22,862.7 51,179.8 28,317.1 78,260.3 27,080.5 132,629.1 54,368.8 171,547.6 23,667.4 62,570.7 38,903.3 98,122.5 35,551.8 146,692.3 48,569.8 191,202.0 31,894.0
Agriculture 20,861.6 3,888.9 8,652.0 4,763.1 13,675.0 5,023.0 22,383.73 8,708.8 22,954.9 6,432.3 16,170.9 9,738.6 21,120.5 4,949.7 28,416.0 7,295.5 30,886.0 5,697.0
Natural Resource 30,003.2 2,726.1 7,153.8 4,427.7 11,280.1 4,126.3 22,116.65 10,836.6 35,670.3 1,929.8 7,073.7 5,143.8 12,207.9 5,134.2 24,006.5 11,798.7 32,929.4 4,223.4
o/w: Water 29,957.3 2,724.0 7,071.8 4,347.8 11,273.4 4,201.6 21,921.86 10,648.5 31,915.2 1,853.4 5,387.9 3,534.5 9,593.0 4,205.0 19,851.8 10,258.9 32,005.5 4,219.2
Mines & Energy 49.8 2.5 15.6 13.1 23.6 8.0 34.64 11.1 75.4 402.3 763.9 361.7 842.1 78.1 1,024.5 182.4 244.0 400.1
Trade, Industry & Tourism 6,790.8 155.4 1,011.5 856.1 2,036.2 1,024.7 4,545.58 2,509.3 8,064.1 602.5 1,205.0 602.5 2,826.8 1,621.8 5,160.7 2,333.9 6,607.8 325.1
Urban dev't & housing 25,269.8 4,504.0 10,148.7 5,644.7 15,331.9 5,183.3 26,837.44 11,505.5 29,475.5 2,901.3 8,950.7 6,049.4 15,153.9 6,203.2 21,833.9 6,680.0 31,531.7 4,903.8
Road construction 57,637.5 11,311.1 21,974.5 10,663.4 32,503.1 10,528.6 51,429.14 18,926.0 70,137.9 11,164.4 27,277.7 16,113.3 43,658.4 16,380.8 61,301.1 17,642.7 81,840.5 16,154.0
Transport & communication 4,417.7 274.7 2,223.8 1,949.1 3,410.4 1,186.6 5,281.95 1,871.5 5,169.5 234.9 1,128.9 894.0 2,313.0 1,184.1 4,949.6 2,636.6 7,162.7 190.6

Social Development 51,314.6 10,759.9 22,661.2 11,901.3 31,965.7 9,304.5 51,316.1 19,350.4 61,925.8 8,400.1 23,277.2 14,877.1 34,322.2 11,045.0 59,535.2 25,213.0 69,340.9 9,757.6
Education 29,380.8 8,207.8 14,312.5 6,104.7 19,854.0 5,541.5 33,203.5 13,349.5 33,710.1 4,375.2 12,060.8 7,685.6 16,991.0 4,930.2 33,694.6 16,703.6 38,935.6 6,334.9
Health 15,626.4 2,116.4 6,882.8 4,766.3 10,354.1 3,471.3 15,019.3 4,665.2 21,912.2 3,530.7 9,552.1 6,021.4 15,082.6 5,530.5 22,299.2 7,216.7 23,886.3 3,088.9
Socail welfare 1,445.1 46.9 359.8 312.9 651.7 291.8 989.9 338.2 1,953.7 177.1 428.7 251.6 690.3 261.6 1,267.4 577.1 2,296.8 113.1
Culture & sport 4,862.3 388.7 1,106.1 717.4 1,105.9 2,103.4 997.5 4,349.8 317.1 1,235.7 918.5 1,558.3 322.7 2,274.0 715.7 4,222.1 220.7

General Development 22,926.5 1,887.6 5,061.0 3,173.4 8,448.4 3,387.4 20,231.0 11,782.5 29,905.2 1,530.0 7,593.6 6,063.6 13,004.3 5,410.7 29,182.2 16,178.0 49,374.9 4,021.6
Compensation payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
External assistance 18,794.9 3,759.0 8,081.8 4,322.8 13,156.4 5,074.6 17,855.1 4,698.7 24,798.3 5,207.6 10,663.3 5,455.6 17,358.8 6,695.5 23,558.4 6,199.6 28,098.0 5,900.6
Sub Total Capital Expenditure 219,271.5 35,510.1 78,902.0 43,391.9 118,674.4 39,772.4 204,176.1 85,501.7 263,378.5 33,597.5 93,441.5 59,844.0 145,449.0 52,007.5 235,409.7 89,960.8 309,917.8 45,673.3

B. Current Expenditure
General Services 77,008.6 15,035.1 37,075.7 22,040.7 59,840.1 22,764.4 89,920.2 30,080.1 93,221.9 19,350.1 59,624.2 40,274.2 84,790.4 25,166.1 129,678.9 44,888.5 107,931.2 24,469.2
Organ of the State 12,632.8 2,332.1 5,858.3 3,526.2 9,894.5 4,036.2 15,302.1 5,407.6 15,604.3 2,857.5 9,226.6 6,369.1 14,817.3 5,590.7 21,913.8 7,096.5 15,467.5 4,068.6
Justice 8,575.5 1,590.9 4,808.7 3,217.8 7,926.9 3,118.2 10,377.0 2,450.1 12,029.8 1,985.5 5,375.2 3,389.7 8,133.1 2,757.9 11,297.8 3,164.7 13,264.5 2,902.7
Defence 15,000.0 3,586.8 7,443.2 3,856.4 12,131.0 4,687.7 16,908.2 4,777.3 16,500.0 1,937.8 18,389.1 16,451.3 23,053.2 4,664.1 37,092.4 14,039.1 22,000.0 5,402.7
Public order & security 20,581.8 3,875.7 8,984.3 5,108.6 14,226.8 5,242.5 24,174.2 9,947.4 25,247.2 7,466.5 11,907.6 4,441.1 18,528.1 6,620.5 30,335.9 11,807.8 29,808.7 5,640.7
Other General services 20,218.5 3,649.5 9,981.2 6,331.6 15,661.0 5,679.9 23,158.7 7,497.7 23,840.6 5,102.7 14,725.7 9,623.0 20,258.6 5,532.9 29,039.0 8,780.4 27,390.5 6,454.4
Economic Services 37,281.8 5,523.7 15,131.6 9,607.9 23,563.2 8,431.6 36,323.1 12,759.9 44,369.6 8,198.6 20,945.2 12,746.6 30,430.0 9,484.8 42,497.7 12,067.7 52,299.8 9,653.0
Agriculture&natural resource 24,511.7 3,359.1 9,753.6 6,394.5 14,930.4 5,176.8 23,198.7 8,268.3 29,086.4 5,270.9 13,050.5 7,779.6 19,201.3 6,150.8 26,901.5 7,700.1 34,691.9 5,520.7
Agriculture 19,298.3 2,967.6 7,360.7 4,393.2 11,453.5 4,092.8 17,895.3 6,441.7 24,068.5 4,709.3 10,942.7 6,233.4 16,362.2 5,419.4 21,850.3 5,488.1 28,341.5 4,300.9
Natural resource 5,213.4 391.5 2,392.8 2,001.3 3,476.9 1,084.1 5303.5 1,826.6 5,017.9 561.6 2,107.8 1,546.2 2,839.2 731.4 5,051.2 2,212.0 6,350.3 1,219.8
o/w: Water 5,128.5 349.8 1,760.0 1,410.2 2,577.4 817.4 4753.4 2,176.0 4,733.6 480.0 1,996.6 1,516.6 2,618.5 621.9 4,993.8 2,375.3 5,963.6 1,044.9
Trade, Industry & Tourism 6,595.2 1,199.7 3,173.0 1,973.3 5,127.0 1,954.0 7,795.5 2,668.6 6,825.0 1,495.4 3,868.7 2,373.3 5,119.2 1,250.5 7,136.0 2,016.8 6,986.3 1,616.8
Mines & Energy 192.4 48.2 102.0 53.8 148.3 46.2 188.8 40.5 243.6 75.3 169.4 94.1 238.4 69.0 366.7 128.3 255.9 328.3
Tourism 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 211.4 158.2 358.7 200.5 685.5 326.8 826.2 140.7 1,245.5 170.0
Transport & communication 1,497.1 146.9 355.6 208.7 585.6 230.0 927.3 341.7 2,449.1 193.2 1,051.8 858.6 1,559.9 508.1 2,283.8 723.9 2,748.9 834.0
Urban devt. & construction 3,387.4 615.3 1,527.1 911.8 2,348.3 821.2 3667.0 1,318.7 4,815.1 840.2 2,099.5 1,259.3 3,098.2 998.8 4,399.8 1,301.5 5,037.4 1,068.6
o/w: Road Construction 1,361.6 305.4 856.3 550.9 1,298.6 442.4 2029.5 730.8 2,008.7 459.0 916.6 457.5 1,371.0 454.4 1,899.0 528.1 2,264.7 381.2
Economic development studies 1,098.0 154.5 220.3 65.8 423.7 203.4 545.8 122.1 738.9 165.5 346.6 181.1 527.4 180.8 583.7 56.3 1,333.8 114.7
Social Services 114,933.3 22,659.6 54,534.3 31,874.7 84,026.8 29,492.5 130,356.0 46,329.2 152,838.3 31,077.8 77,222.3 46,144.5 114,999.5 37,777.2 160,366.1 45,366.7 181,313.6 43,163.5
Education & training 80,686.1 15,491.1 37,667.7 22,176.6 58,395.8 20,728.1 86,411.4 28,015.7 107,915.7 21,700.1 52,255.6 30,555.5 78,202.6 25,947.0 107,513.0 29,310.4 123,266.5 26,364.5
Culture & sports 3,539.6 563.1 1,251.7 688.6 2,006.2 754.4 2,817.6 811.4 3,315.9 630.0 1,358.0 728.0 2,315.9 957.9 3,621.1 1,305.1 2,474.8 680.3
Public health 29,071.1 4,138.9 11,735.4 7,596.5 19,227.6 7,492.2 33,464.7 14,237.1 39,262.5 6,742.4 17,998.6 11,256.3 27,153.1 9,154.5 40,665.4 13,512.3 44,423.5 7,441.2
Labour & social welfare 1,011.8 240.9 644.7 403.8 1,042.5 397.9 1,878.2 835.6 1,480.5 379.7 644.6 264.8 1,504.8 860.2 2,074.1 569.4 2,278.7 455.1
Rehabilitation 624.7 2,225.6 3,234.8 1,009.2 3,354.7 119.9 5,784.0 2,429.3 863.8 1,625.6 4,965.4 3,339.8 5,823.0 857.5 6,492.5 669.5 8,870.0 8,222.4
Interest & Charges 17,407.8 8,106.3 6,990.8 -1,115.5 11,341.6 4,350.8 13,481.1 2,139.5 19,765.1 1,819.1 10,909.6 9,090.5 12,071.0 1,161.4 24,001.0 11,930.1 25,465.3 4,516.9
Internal debt 9,351.2 6,746.2 3,658.4 -3,087.8 6,376.0 2,717.6 6,366.5 -9.5 10,012.5 988.5 7,574.6 6,586.0 7,811.3 236.7 16,562.9 8,751.6 12,607.4 2,668.2
External debt 8,056.6 1,360.0 3,332.3 1,972.3 4,965.6 1,633.2 7,114.6 2,149.0 9,752.6 830.6 3,335.1 2,504.5 4,259.7 924.7 7,438.2 3,178.5 12,857.9 1,848.6
O/w: defence commercial 0.0 0.0 0.0 0.0
Miscellaneous 24,422.6 826.2 2,414.4 1,588.2 3,934.1 1,519.6 5,886.6 1,952.5 25,984.1 1,174.1 3,550.6 2,376.5 6,359.2 2,808.6 7,053.2 694.0 28,102.8 2,206.7

External assistance * 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sub Total Current Expenditure 271,054.2 52,150.8 116,146.9 63,996.0 182,705.8 66,559.0 275,967.0 93,261.2 336,179.0 61,619.6 172,251.9 110,632.3 248,649.9 76,398.0 363,596.9 114,947.0 395,112.6 84,009.3
Grand Total Expenditure 490,325.7 87,660.9 195,048.9 107,388.0 301,380.3 106,331.4 480,143.2 178,762.9 599,557.5 95,217.1 265,693.4 170,476.3 394,098.9 128,405.5 599,006.7 204,907.7 705,030.5 129,682.6
* Estimated value
Source: Ministry Finance
 Table 15: Domestic Refining and Imports of Ptroleum (In MT)

MGR Jet fuel Gasoil LFO HFO Total fuel oil

QI 34,775.06 173,261.41 184,166.32 10,009.91 21,192.23 423,404.92 31,202.14
QII 48,048.29 153,993.68 297,309.21 5,972.17 17,762.14 523,085.49 23,734.31
2010/11 QIII 32,966.76 101,025.13 271,238.79 8,652.59 50,147.46 464,030.73 58,800.06
QIV 28,088.65 131,242.32 295,148.16 9,645.72 27,585.68 491,710.53 37,231.40
Annual 143,878.76 559,522.54 1,047,862.47 34,280.40 116,687.51 1,902,231.67 150,967.90
QI 33,381.17 126,523.78 260,608.14 6,850.35 27,834.12 455,197.56 34,684.47
QII 41,496.28 129,614.72 334,320.73 12,393.32 34,511.75 552,336.81 46,905.07
2011/12 QIII 40,160.94 144,199.01 338,249.54 4,915.87 11,444.37 538,969.74 16,360.25
QIV 35,580.67 144,182.12 369,272.74 12,336.82 34,214.70 595,587.05 46,551.52
Annual 150,619.05 544,519.64 1,302,451.15 36,496.37 108,004.95 2,142,091.15 144,501.32
QI 48,367.80 148,668.08 285,788.92 10,156.70 41,075.11 534,056.62 51,231.82
QII 45,607.59 149,611.12 296,204.43 8,122.04 29,320.00 528,865.18 37,442.04
2012/13 QIII 52,070.39 156,140.93 360,766.11 8,657.71 28,675.05 606,310.18 37,332.76
QIV 40,471.73 148,006.84 323,803.46 9,486.22 23,804.56 545,572.82 33,290.79
Annual 186,517.50 602,426.98 1,266,562.91 36,422.68 122,874.72 2,214,804.79 159,297.40
QI 52,821.02 185,032.12 388,200.80 11,512.09 31,974.27 669,540.29 43,486.36
QII 49,883.39 162,038.72 306,082.59 7,551.20 29,090.00 554,645.90 36,641.20
2013/14 QIII 55,536.11 192,607.72 400,794.60 9,823.04 34,105.49 692,866.95 43,928.53
QIV 53,356.68 161,740.31 463,263.07 7,190.94 20,846.66 706,397.66 28,037.60
Annual 211,597.20 701,418.86 1,558,341.05 36,077.28 116,016.41 2,623,450.80 152,093.69
QI 52,223.00 169,004.79 359,514.00 10,278.63 32,896.29 623,916.71 43,174.92
QII 57,561.00 171,011.22 435,565.00 9,958.50 32,870.81 706,966.53 42,829.31
2014/15 QIII 64,895.00 207,909.14 369,681.00 10,398.09 32,223.62 685,106.85 42,621.71
QIV 63,065.00 164,822.86 538,500.77 10,001.11 29,678.58 806,068.32 39,679.69
Annual 237,744.00 712,748.00 1,703,260.77 40,636.33 127,669.30 2,822,058.40 168,305.63
QI 72,312.74 213,015.55 398,136.40 7,953.19 22,697.05 714,114.92 30,650.23
QII 71,317.00 161,194.00 497,966.00 10,441.00 21,413.00 762,331.00 31,854.00
2015/16 QIII 77,271.77 197,134.40 509,229.51 10,177.96 14,817.00 808,630.64 24,994.96
QIV 77,965.95 164,577.79 496,459.62 7,382.20 12,097.00 758,482.56 19,479.20
Annual 298,867.46 735,921.74 1,901,791.53 35,954.34 71,024.05 3,043,559.12 106,978.39
QI 82,152.17 206,560.18 468,051.30 11,312.26 7,675.00 775,750.90 18,987.26
QII 97,258.59 208,282.60 550,034.05 7,804.86 7,775.00 871,155.10 15,579.86
2016/17 QIII 96,423.57 215,632.55 580,188.02 11,008.68 12,397.12 915,649.94 23,405.80
QIV 88,010.77 170,307.94 601,081.24 9,502.81 7,807.86 876,710.62 17,310.67
Annual 363,845.10 800,783.27 2,199,354.60 39,628.60 35,654.98 3,439,266.55 75,283.59
QI 106,706.30 165,269.22 591,077.34 10,763.35 10,241.32 884,057.53 21,004.67
QII 99,641.17 234,532.08 608,690.11 8,174.17 10,396.32 961,433.85 18,570.49
2017/18 QIII 114,839.25 149,872.69 629,025.21 9,240.29 12,457.77 915,435.20 21,698.06
QIV 120,355.57 188,431.77 678,879.80 7,607.48 14,387.83 1,009,662.45 21,995.31
Annual 441,542.28 738,105.77 2,507,672.46 35,785.29 47,483.23 3,770,589.02 83,268.52
QI 120,069.69 205,741.76 570,182.14 6,646.30 4,500.00 979,262.11 83,268.52
QII 122,357.95 221,894.30 600,552.26 9,751.84 9,596.77 1,028,073.02 83,268.52
2018/19 QIII 135,787.58 208,436.33 690,546.55 5,987.23 9,894.90 1,118,038.98 83,268.52
QIV 128,523.96 183,926.16 635,440.86 8,695.82 11,075.96 1,031,159.50 83,268.52
Annual 506,739.18 819,998.55 2,496,721.80 31,081.18 35,067.63 3,906,728.06 83,268.52
QI 159,613.12 210,503.47 616,810.64 8,886.66 14,477.84 1,070,195.75 83,268.52
QII 133,745.93 212,529.51 648,408.02 10,582.62 8,425.26 1,077,951.97 83,268.52
2019/20 QIII 141,900.06 133,970.65 659,674.52 9,393.61 10,290.56 1,018,813.75 83,268.52
QIV 142,182.87 84,127.50 643,282.89 8,690.86 9,700.00 952,861.77 83,268.52
Annual 577,441.98 641,131.13 2,568,176.06 37,553.75 42,893.66 3,870,017.69 83,268.52
QI 145,183.01 99,180.54 613,828.06 8,195.65 12,300.00 941,460.13 83,268.52
QII 176,894.50 107,969.29 630,617.51 6,914.50 15,500.00 998,749.82 83,268.52
2020/21 QIII 154,240.29 129,945.36 654,442.00 7,750.00 13,602.43 1,021,896.16 83,268.52
QIV 176,255.18 106,927.12 636,567.62 7,300.00 16,010.77 1,003,018.44 83,268.52
Annual 652,572.98 444,022.30 2,535,455.19 30,160.15 57,413.21 3,715,318.99 83,268.52
201/22 QI 169,292.79 127,007.57 677,243.25 13,809.64 10,437.46 1,056,812.13 83,268.52
Table 16: GDP By Economic Activity at Constant Prices
(In millions of Birr)
2005 2006 2007 2008 2009 2010 2011 2012 2013
Sectors/Year 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
Agriculture, Hunting and Forestry 473,132.2 498,733.6 530,341.5 542,700.2 579,022.9 599,331.4 622,220.3 648,711.8 684,733.9
Crop 293,063.1 312,338.7 334,768.6 346,293.6 374,649.8 392,291.8 404,049.6 422,966.5 446,919.4
Animal Farming and Hunting 139,692.4 142,601.9 149,246.8 146,959.5 153,170.4 154,038.0 163,279.5 168,722.4 178,571.3
Forestry 44,867.9 46,751.8 48,368.2 49,447.1 51,202.7 53,001.7 54,891.1 57,022.9 59,243.3
Fishing 797.8 1,057.4 1,381.1 1,381.9 1,389.4 1,546.7 1,581.8 1,625.9 1,653.4
Mining and Quarrying 8,784.6 8,506.2 6,328.5 6,116.8 4,296.9 3,402.8 2,658.9 5,089.3 10,960.7
Manufacturing 54,668.7 63,764.0 75,383.5 89,246.7 111,249.6 117,410.7 127,986.7 137,601.5 144,618.9
Large and Medium Scale Manufacturing 33,516.2 40,743.0 50,174.6 61,687.4 73,528.2 77,966.5 87,691.9 96,268.6 102,266.2
Small Scale and Cottage Industries 24,838.1 25,895.4 26,874.8 27,559.2 37,721.5 39,444.2 40,294.7 41,332.9 42,352.7
Electricity and Water 8,585.3 9,165.6 9,577.4 11,015.5 11,552.5 11,929.0 14,115.4 15,136.4 16,476.2
Construction 116,588.0 144,420.0 190,028.6 237,545.0 286,749.6 331,691.4 381,443.8 419,078.0 446,721.7
Whole Sale and Retail Trade 141,360.7 166,337.5 186,850.2 202,241.5 215,351.0 241,936.3 268,037.0 285,293.1 303,217.7
Hotels and Restaurants 21,925.0 27,758.6 35,971.8 41,601.3 41,625.2 44,335.3 48,143.8 49,220.4 50,484.9
Transport and Communications 141,360.7 166,337.5 186,850.2 202,241.5 215,351.0 241,936.3 104,436.2 105,646.1 113,090.7
Financial Intermediation 21,925.0 27,758.6 35,971.8 41,601.3 41,625.2 44,335.3 57,368.6 65,274.3 71,158.1
Real Estate, Renting and Business Activities 59,781.2 62,114.2 64,690.9 67,062.9 70,005.2 74,364.3 79,942.0 87,510.2 95,299.7
Public Administration and Defense 49,253.6 54,681.3 57,979.5 62,259.2 70,488.5 76,754.1 83,662.0 85,612.2 89,770.1
Education 34,781.5 35,679.7 38,963.0 42,385.6 41,031.0 42,520.8 44,221.6 44,784.1 45,694.9
Health and Social Work 10,489.0 12,510.3 14,137.2 15,669.4 16,767.9 18,153.4 20,747.2 23,414.2 26,554.3
Other Community , Social & Personal Services 16,560.4 17,193.4 17,828.7 18,371.3 19,198.4 20,178.0 21,454.2 21,995.5 22,426.8
Private Households with Employed Persons 14,136.1 14,758.3 15,401.2 16,063.8 16,633.3 17,276.0 17,707.4 18,115.5 18,515.9
Total 1,111,987.7 1,227,058.7 1,355,280.4 1,463,883.2 1,613,519.9 1,739,254.9 1,895,726.7 2,014,108.6 2,141,377.8
Less : FISIM 8,803.4 10,512.8 12,393.0 14,485.8 17,038.3 19,763.6 21,037.4 24,520.9 27,214.5
Gross Value Added at Constant Basic Prices 1,102,467.8 1,216,015.3 1,342,555.9 1,449,397.5 1,596,481.6 1,719,491.3 1,874,689.3 1,989,587.7 2,114,163.2
Taxes on Products 95,162.9 104,547.5 115,169.8 118,700.0 120,645.6 114,575.2 112,468.2 119,592.3 113,917.7
GDP at Constant Market Prices 1,197,753.9 1,320,688.1 1,457,857.6 1,568,097.5 1,717,127.2 1,834,066.5 1,987,157.5 2,109,180.1 2,228,081.0
Source:MoFED
Table 17 : Growth Rate of GDP By Economic Activity at Constant Prices
( In percent)
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Industry/Year 2010/11 2011/12. 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
Agriculture, Hunting and Forestry 9.0 4.9 7.1 5.4 6.3 2.3 6.7 3.5 3.8 4.3 5.6
Crop 10.3 5.0 8.2 6.6 7.2 3.4 8.2 4.7 3 4.7 5.7
Animal Farming and Hunting 7.5 5.4 5.2 2.1 4.7 -1.5 4.2 0.6 6 3.3 5.8
Forestry 3.0 3.1 3.3 4.2 3.5 2.2 3.6 3.5 3.8 3.9 3.9
Fishing 5.9 21.3 19.4 32.5 30.6 0.1 0.5 11.3 2.3 2.8 1.7
Mining and Quarrying 57.7 12.7 6.3 -3.2 -25.6 -3.3 -29.8 -20.8 -21.9 91.4 115.4
Manufacturing 12.1 11.8 16.9 16.6 18.2 18.4 24.7 5.5 7.7 7.5 5.1
Large and Medium Scale Manufacturing 14.1 15.9 24.2 21.6 23.1 22.9 19.2 6.0 10 9.8 6.2
Small Scale and Cottage Industries 7.2 4.2 1.9 4.3 3.8 2.5 36.9 4.6 3 2.6 2.5
Electricity and Water 19.1 13.5 10.0 6.8 4.5 15.0 4.9 3.3 4 7.2 8.9
Construction 12.8 31.5 38.7 23.9 31.6 25.0 20.7 15.7 15 9.9 6.6
Whole Sale and Retail Trade 5.9 12.5 10.1 17.7 12.3 8.2 6.5 12.3 11.7 6.4 6.3
Hotels and Restaurants 24.6 10.1 19.1 26.6 29.6 15.6 0.1 6.5 9 2.2 2.6
Transport and Communications 9.7 12.6 16.5 12.7 13.3 13.7 15.1 6.4 21 1.2 7.0
Financial Intermediation 23.7 23.6 -12.2 14.3 7.5 9.6 18.3 10.7 10.1 10.2 9.0
Real Estate, Renting and Business Activities 22.1 3.8 3.9 3.9 4.1 3.7 4.4 6.2 7.5 9.5 8.9
Public Administration and Defense 9.4 3.1 7.6 11.0 6.0 7.4 13.2 8.9 9 2.3 4.9
Education 4.4 4.5 10.1 2.6 9.2 8.8 -3.2 3.6 4 1.8 2.0
Health and Social Work 6.2 9.4 12.3 19.3 13.0 10.8 7.0 8.3 14.3 12.9 13.4
Other Community , Social & Personal Services 4.9 12.4 18.4 3.8 3.7 3.0 4.5 5.1 6.3 2.5 2.0
Private Households with Employed Persons 5.1 16.1 8.2 4.4 4.4 4.3 3.5 3.9 2.5 2.3 2.2
Total 11.4 8.6 9.9 10.3 10.4 8.0 10.2 7.8 8.9 6.2 6.3
Less : FISIM 11.1 -10.6 6.4 19.4 17.9 16.9 17.6 16.0 7 14.2 11.0
Gross Value Added at Constant Basic Prices 11.4 8.7 9.9 10.3 10.4 8.0 10.1 7.7 9.0 6.1 6.3
Taxes on Products 8.6 8.0 18.3 9.9 10.2 3.1 1.6 -5.0 -1.8 6.3 -4.7
GDP at Constant Market Prices 11.2 8.6 10.6 10.3 10.4 7.6 9.5 6.8 8.3 6.1 5.6
Source:MoFED
Table 18: GDP by Economic Activity at Current Prices
(In million Birr)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Industry/Year 2010/11 20011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

Agriculture, Hunting and Forestry 220,095 343,066 370,012 422,902 484,026 542,700 616,843 684,644 910,589.1 1,196,254.2 1,626,191.2

Crop 143,154 234,212 238,052 272,201 309,349 346,294 393,324 427,193 587,216.0 797,015.6 1,122,637.7

Animal Farming and Hunting 56,584 82,070 101,728 113,693 132,287 146,960 164,730 191,867 247,337.3 303,074.1 385,788.3

Forestry 19,713 24,326 30,470 36,789 42,608 49,447 58,788 65,584 76,035.8 96,164.4 117,765.3

Fishing 217 455 685 796 1,225 1,382 2,259 2,351 3,020.6 3,747.5 5,034.3

Mining and Quarrying 7,062 9,645 10,045 8,986 6,259 6,117 4,840 4,053 3,368.1 9,643.4 30,909.1

Manufacturing 27,661 37,272 46,803 61,744 83,370 89,247 113,387 128,200 150,530.5 178,972.3 199,934.1

Large and Medium Scale Manufacturing 15,403 21,448 28,787 40,111 58,040 61,687 74,763 84,791 104,723.1 125,757.6 141,915.1

Small Scale and Cottage Industries 15,460 19,541 21,088 23,844 24,972 27,559 38,624 43,410 45,807.5 53,214.7 58,019.0

Electricity and Water 6,402 8,079 9,604 10,752 10,560 11,015 13,714 15,026 18,726.4 23,826.9 30,614.7

Construction 20,183 31,459 48,338 88,410 148,198 237,545 300,209 452,978 495,283.1 567,201.4 687,236.9

Whole Sale and Retail Trade 73,175 105,914 117,028 151,450 187,022 202,241 225,076 275,513 360,656.3 444,506.1 554,733.8

Hotels and Restaurants 9,558 13,355 18,004 24,954 33,841 41,601 44,922 53,441 66,596.7 79,304.1 95,766.7

Transport and Communications 21,385 31,954 41,221 49,215 57,579 70,453 77,659 82,947 99,884.4 140,312.7 183,481.3

Financial Intermediation 8,961 14,214 19,936 24,206 32,684 39,769 51,810 69,359 85,044.1 102,994.4 122,893.7

Real Estate, Renting and Business Activities 40,755 47,776 54,746 60,283 63,825 67,063 70,793 79,553 106,157.2 154,804.2 228,594.8

Public Administration and Defense 26,346 29,967 35,401 41,309 51,521 62,259 80,817 94,614 103,262.3 120,235.7 159,154.9

Education 13,862 17,092 21,637 28,739 35,388 42,386 61,123 75,776 85,738.9 94,199.3 116,406.3

Health and Social Work 4,931 5,966 7,593 9,881 12,917 15,669 18,770 24,100 27,328.0 34,927.8 40,104.3

Other Community , Social & Personal Services 6,540 9,618 13,303 14,779 16,721 18,371 20,568 23,634 28,140.8 33,305.6 39,400.7

Private Households with Employed Persons 5,105 7,678 9,443 12,024 15,327 16,064 19,879 25,428 31,181.0 38,264.3 45,764.8

Total 491,051 711,975 824,684 1,009,521 1,238,088 1,463,883 1,722,669 2,091,618 2,575,507.5 3,222,499.9 4,166,221.7

Less : FISIM 2,576 3,091 6,335 7,796 11,628 14,486 18,870 26,829 31,884.3 39,104.0 46,801.9

Annex4 489,127 710,012 818,870 1,002,351 1,226,637 1,449,397 1,703,798 2,064,789 2,543,623.2 3,183,395.8 4,119,419.9

Taxes on Products 39,431 56,882 70,618 86,098 105,129 118,700 128,755 137,583 152,599.6 191,351.1 221,967.3

GDP at Current Market Prices 528,580 766,915 889,645 1,088,632 1,331,984 1,568,097 1,832,554 2,202,373 2,696,222.7 3,374,746.9 4,341,387.1
Source: MoFED

21
Table 19: Growth Rates of GDP by Economic Activity at Current Prices (%)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Sectors/Year 2009/10 2010/11 20011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

Agriculture, Hunting and Forestry 3.1 32.9 55.9 7.9 14.3 14.5 12.1 13.7 11.0 33.0 31.4 35.9
Crop -2.3 31.9 63.6 1.6 14.3 13.6 11.9 13.6 8.6 37.5 35.7 40.9

Animal Farming and Hunting 17.8 39.6 45.0 24.0 11.8 16.4 11.1 12.1 16.5 28.9 22.5 27.3
Forestry 8.6 17.8 23.4 25.3 20.7 15.8 16.1 18.9 11.6 16.2 26.5 22.5
Fishing 31.3 9.6 109.5 50.8 16.2 53.8 12.8 63.5 4.1 28.5 24.1 34.3

Mining and Quarrying 94.9 217.2 36.6 4.2 -10.5 -30.3 -2.3 -20.9 -16.3 -16.9 186.3 220.5
Manufacturing 17.0 22.1 34.7 25.6 31.9 35.0 7.0 27.0 13.1 17.4 18.9 11.7

Large and Medium Scale Manufacturing 17.3 18.8 39.3 34.2 39.3 44.7 6.3 21.2 13.4 20.2 20.1 12.8
Small Scale and Cottage Industries 16.4 28.5 26.4 7.9 13.1 4.7 10.4 40.1 12.4 3.0 16.2 9.0
Electricity and Water 18.2 19.1 26.2 18.9 12.0 -1.8 4.3 24.5 9.6 20.7 27.2 28.5

Construction -1.2 26.2 55.9 53.7 82.9 67.6 60.3 26.4 50.9 9.3 14.5 21.2
Whole Sale and Retail Trade 12.4 25.0 44.7 10.5 29.4 23.5 8.1 11.3 22.4 32.4 23.2 24.8

Hotels and Restaurants 43.5 46.6 39.7 34.8 38.6 35.6 22.9 8.0 19.0 25.1 19.1 20.8
Transport and Communications 25.2 54.8 49.4 29.0 19.4 17.0 22.4 10.2 6.8 20.4 40.5 30.8
Financial Intermediation 2.5 46.1 58.6 40.3 21.4 35.0 21.7 30.3 33.9 22.6 21.1 19.3

Real Estate, Renting and Business Activities 49.1 40.2 17.2 14.6 10.1 5.9 5.1 5.6 12.4 33.4 45.8 47.7
Public Administration and Defense 18.2 30.3 13.7 18.1 16.7 24.7 20.8 29.8 17.1 9.1 16.4 32.4
Education 19.6 12.4 23.3 26.6 32.8 23.1 19.8 44.2 24.0 13.1 9.9 23.6

Health and Social Work 18.5 25.1 21.0 27.3 30.1 30.7 21.3 19.8 28.4 13.4 27.8 14.8
Other Community , Social & Personal Services 11.1 23.8 47.1 38.3 11.1 13.1 9.9 12.0 14.9 19.1 18.4 18.3

Private Households with Employed Persons 8.1 31.6 50.4 23.0 27.3 27.5 4.8 23.7 27.9 22.6 22.7 19.6
Total 12 34 45.0 15.8 22.4 22.6 18.2 17.7 21.4 23.3 25.1 29.3
Less : FISIM 11 31 20.0 104.9 23.1 49.2 24.6 30.3 42.2 22.0 22.6 19.7

Gross Value Added at Current Basic Prices 12 34 45.2 15.3 22.4 22.4 18.2 17.6 21.2 23.3 25.2 29.4
Taxes on Products 48 39 44.3 24.1 21.9 22.1 12.8 12.9 6.9 10.9 25.4 16.0
GDP at Current Market Prices 14 33 45.1 16.0 22.4 22.4 17.7 16.9 20.2 22.4 25.2 28.6

Source: MoFED

22
 Table 20: Value of Aggregate Output, Consumption, Investment and Savings at Current Prices
(In Millions of Birr)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Description / Year 2011 /12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

Gross Value Added at Current Basic Prices 710,011.5 818,870.1 1,002,350.9 1,226,637.4 1,449,397.5 1,703,798.2 2,064,789.2 2,543,623.0 3,183,395.8 4,119,419.9

Taxes on Products, net 56,882.0 70,618.0 86,098.0 105,128.7 118,700.0 128,755.5 137,583.5 152,600.0 191,351.1 221,967.3

GDP at Current Market Prices 766,915.5 889,644.9 1,088,631.8 1,331,983.7 1,568,097.5 1,832,553.7 2,202,372.7 2,696,223.0 3,374,746.9 4,341,387.1

Incomes from ROW, net (1,659.8) (1,942.8) (2,914.6) (5,275.1) (5,122.4) (10,884.1) (14,349.1) (13,104.0) (19,203.0) (21,735.9)

Gross National Income at Current Basic Prices 708,351.7 816,927.4 999,436.3 1,221,362.3 1,444,275.0 1,692,914.1 2,050,440.2 2,530,519.0 3,164,192.9 4,097,683.9

Gross National Income at Current Market Prices 765,255.7 887,702.1 1,085,717.2 1,326,708.6 1,562,975.0 1,821,669.6 2,188,023.6 2,683,118.6 3,355,544.0 4,319,651.2

Current Transfers from ROW, net 86,849.9 93,355.1 106,357.3 128,400.8 155,964.2 154,959.4 188,527.3 240,392.0 210,332.1 300,237.5

Gross National Disposable Income 852,105.6 981,057.2 1,192,074.5 1,455,109.4 1,718,939.2 1,976,628.9 2,376,550.9 2,923,510.0 3,565,876.0 4,619,888.7

Government Final Consumption Expenditure 72,783.5 91,074.7 115,104.0 137,245.8 174,598.8 203,607.9 225,523.2 247,362.0 308,096.7 383,565.3

Private Final Consumption Expenditure 544,140.3 639,963.8 748,560.3 900,516.9 1,042,264.6 1,219,365.9 1,441,581.1 1,848,070.0 2,363,783.1 3,134,993.8

Gross Capital Formation (Investment) 275,811.3 293,930.7 400,841.2 508,975.9 585,665.0 704,596.0 751,626.2 948,866.0 1,031,962.8 1,216,584.9

Exports of Goods and Services 102,886.6 108,227.1 123,496.0 121,532.2 122,500.8 139,830.1 184,282.1 213,437.0 240,525.0 329,634.5

Imports of Goods and Services 236,383.9 251,300.6 308,691.3 393,188.5 424,749.9 430,233.2 502,112.9 561,512.0 569,620.6 723,391.3

Resource Balance (133,497.3) (143,073.5) (185,195.3) (271,656.3) (302,249.2) (290,403.1) (317,830.8) (348,075.0) (329,095.7) (393,756.8)

Gross Domestic Savings 149,991.7 158,606.3 224,967.5 294,221.0 351,234.0 409,579.8 535,268.5 600,791.0 702,867.1 822,828.0

Gross National Savings 235,181.8 250,018.7 328,410.1 417,346.8 502,075.8 553,655.1 709,446.7 828,078.0 893,996.2 1,101,329.6

Mid-year Population (In Million) 82.7 84.8 87.0 89.1 91.2 93.4 95.5 97.6 99.7 101.9

Per Capita Nominal GDP (In Birr) 9,268.6 10,486.5 12,520.2 14,953.4 17,192.4 19,630.4 23,061.5 27,625.0 33,849.0 42,598.7

Per Capita Real GDP (In Birr) 13,090.3 14,118.3 15,189.1 16,366.5 17,192.4 18,393.9 19,204.9 20,312.5 21,155.3 21,862.5

Average Exchange Rate (Birr/USD) 17.3 18.3 19.1 20.1 21.1 22.4 26.1 28.1 31.3 39.0

Real GDP (In USD) 62,777.3 65,528.4 69,237.3 72,546.1 74,296.6 76,610.6 70,249.0 70,666.9 67,294.2 57,106.5

Nominal GDP (In USD)(Million) 44,449.6 48,671.9 57,071.7 66,282.4 74,296.6 81,760.4 84,356.0 96,107.0 107,672.6 111,271.2

Per Capita Nominal GDP (In USD) 537.2 573.7 656.4 744.1 814.6 875.8 883.3 985.0 1,080.0 1,091.8

Per Capita Real GDP (In USD) 758.7 772.4 796.3 814.4 814.6 820.7 735.6 724.3 675.0 560.3

GDP Deflator 0.71 0.74 0.82 0.91 1.00 1.07 1.20 1.36 1.60 1.95
Source: Planning commission

23
Table 21: Growth Rates of Aggregate Output, Consumption, Investment and Savings
( Inpercent)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Description / Year 2009 /10 2010/11 2011 /12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
GDP at Current Basic Prices 12.1 33.8 45.2 15.3 22.4 22.4 18.2 17.6 21.2 23.3 25.2 29.4
Taxes on Products, net 48.5 38.8 44.3 24.1 21.9 22.1 12.9 8.5 6.9 10.9 25.4 16.0
GDP at Current Market Prices 14.2 33.5 45.1 16.0 22.4 22.4 17.7 16.9 20.2 22.5 25.2 28.6
Incomes from ROW, net (116.5) (57.1) (48.2) (17.0) (50.0) (81.0) (2.9) (112.5) (31.8) (33.0) 46.5 13.2
Gross National Income at Current Basic Price 12.0 33.8 45.2 15.3 22.3 22.2 18.3 17.2 21.1 23.3 25.0 29.5
Gross National Income at Current Market Price 14.1 33.4 45.1 16.0 22.3 22.2 17.8 16.6 20.1 22.5 25.1 28.7
Current Transfers from ROW, net 34.6 24.8 17.0 7.5 13.9 20.7 21.5 (0.6) 21.7 25.7 (12.5) 42.7
Gross National Disposable Income 16.4 32.3 41.6 15.1 21.5 22.1 18.1 15.0 20.2 22.8 22.0 29.6
Government Final Consumption Expenditure 10.3 25.4 16.7 25.1 26.4 19.2 27.2 16.6 10.8 9.7 24.6 24.5
Private Final Consumption Expenditure 15.3 28.6 45.1 17.6 17.0 20.3 15.7 17.0 18.2 27.9 27.9 32.6
Gross Capital Formation (Investment) 24.0 38.1 67.6 6.6 36.4 27.0 15.1 20.3 6.7 26.2 8.8 17.9
Exports of Goods and Services 48.1 64.8 19.7 5.2 14.1 (1.6) 0.8 14.1 31.8 15.9 12.7 37.0
Imports of Goods and Services 31.2 28.6 45.5 6.3 22.8 27.4 8.0 1.3 16.7 11.8 1.4 27.0
Resource Balance (21.5) (3.2) (74.4) (7.2) (29.4) (46.7) (11.3) 3.9 (9.4) (9.5) (5.5) 19.6
Gross Domestic Savings 11.7 66.7 64.2 5.7 41.8 30.8 19.4 16.6 30.7 12.2 17.0 17.1
Gross National Savings 22.2 44.8 43.0 6.3 31.4 27.1 20.3 10.3 28.1 16.4 8.0 23.2
Mid-year Population (in Million) 2.7 2.2 2.6 2.5 2.5 2.4 2.4 2.4 2.3 2.2 2.2 2.2
Per Capita GDP (Birr) (Nominal) 11.2 30.6 41.5 13.1 19.4 19.4 15.0 14.2 17.5 19.8 22.5 25.8
Per Capita GDP (Birr) (Real) 9.7 8.7 5.9 7.9 7.6 7.8 5.0 7.0 4.4 5.8 4.1 3.3
Average Exchange Rate (Birr/USD) 23.7 25.0 7.0 5.9 4.4 5.4 5.0 6.2 16.5 7.6 11.5 24.5
Real GDP (USD) (9.0) (11.2) 1.5 4.4 5.7 4.8 2.4 3.1 (8.3) 0.6 (4.8) (15.1)
GDP at Current Market Prices(USD) (7.7) 6.8 35.5 9.5 17.3 16.1 12.1 10.0 3.2 13.7 12.0 3.3
Per Capita GDP (USD) (Nominal) (10.1) 4.4 32.2 6.8 14.4 13.4 9.5 7.5 0.9 11.5 9.6 1.1
Per Capita GDP (USD) (Real) (11.3) (13.1) (1.0) 1.8 3.1 2.3 0.0 0.7 (10.4) (1.5) (6.8) (17.0)
Percentage Change in GDP Deflator 1.4 20.2 33.5 4.9 11.0 10.8 9.5 6.7 12.5 13.3 17.6 21.8
Source:Planning commission
 Table 22(A): National Non-Food Consumer Price Index,
December 2016=100

Housing,Water,Electricity,

Maintenance of the House

Food and Non-Alcoholic

Alcoholic Beverages and

Equipment and Routine

Furnishings, Household

Recreation and Culture

Restaurants and Hotels

Clothing & Foot-wear

Miscellaneous Goods
Gas and Other Fuels

Non-Food Index
Communication
General Index

Transport

Education
Beverages

Tobacco

Health
Period

2009/10
Q.I 40.9 40.9 40.7 34.4 39.3 37.9 42.5 55.0 103.4 39.4 53.9 35.2 45.2 39.6
Q.II 41.1 43.0 41.3 36.3 41.6 39.5 43.9 60.2 104.8 39.9 55.6 36.9 47.4 41.6
Q.III 41.8 44.9 42.8 38.8 43.1 41.9 46.4 62.4 103.0 40.8 57.3 37.8 49.3 43.4
Q.IV 42.5 46.3 44.8 40.4 44.3 43.6 47.8 65.3 101.1 43.2 57.7 38.8 50.3 44.8
2010/11
Q.I 43.4 47.8 45.4 42.3 45.7 45.2 47.9 65.7 100.4 44.6 61.3 39.6 51.7 46.1
Q.II 45.9 51.4 50.1 45.7 48.8 49.0 50.2 72.5 100.7 49.5 72.3 42.4 56.5 49.7
Q.III 50.0 55.4 52.0 50.4 52.9 51.4 51.5 83.8 100.3 52.8 72.3 43.9 60.3 53.4
Q.IV 56.9 58.7 57.2 54.2 54.9 54.7 52.9 96.6 100.0 54.3 74.5 48.9 63.3 56.8
2011/12
Q.I 60.7 60.6 61.4 56.7 55.5 58.1 54.2 97.2 99.5 58.9 77.8 53.1 67.8 58.9
Q.II 63.5 63.3 62.2 61.7 56.7 61.2 55.6 94.7 99.2 61.9 82.7 56.3 72.8 61.3
Q.III 67.5 67.6 66.1 67.3 60.6 65.5 56.8 96.9 99.1 66.2 82.6 59.6 76.7 65.3
Q.IV 71.5 69.6 65.5 70.9 62.0 68.5 58.0 97.5 99.1 67.5 85.1 63.1 78.5 67.2
2012/13
Q.I 73.7 72.0 64.9 73.1 65.7 69.9 59.4 97.1 99.1 69.5 84.1 66.2 80.9 69.6
Q.II 74.3 74.7 68.0 73.7 68.4 73.6 70.3 98.5 99.2 72.4 84.1 68.9 82.6 72.2
Q.III 74.5 75.7 70.8 75.9 68.5 74.7 71.1 95.6 99.1 73.4 85.3 70.6 85.0 73.2
Q.IV 76.2 77.3 70.7 78.0 70.0 77.1 73.3 95.0 99.1 74.6 86.7 72.9 86.2 74.7
2013/14
Q.I 79.2 79.8 71.9 80.9 73.3 78.4 72.0 94.6 99.1 77.1 86.7 76.1 88.0 77.1
Q.II 80.3 81.8 76.9 82.9 74.4 79.9 77.7 96.7 99.1 79.3 86.7 78.1 89.0 79.0
Q.III 80.6 84.4 81.9 84.7 77.6 82.4 80.2 98.5 99.1 77.9 86.7 78.8 89.1 81.5
Q.IV 82.9 85.8 82.1 86.4 79.5 83.8 82.9 99.2 99.1 75.5 86.9 80.3 89.2 82.9
2014/15
Q.I 84.5 86.7 85.0 88.2 79.5 84.8 82.5 99.0 99.3 76.5 87.7 81.3 90.0 83.7
Q.II 85.3 88.2 86.2 91.2 81.1 86.1 83.8 99.3 99.1 79.0 87.0 81.7 91.5 85.2
Q.III 87.2 90.6 92.9 93.6 83.4 87.8 86.7 96.3 99.6 78.0 87.1 83.3 92.7 87.5
Q.IV 91.0 92.8 96.2 94.5 86.7 89.7 86.1 94.8 101.2 78.4 87.2 85.4 93.9 89.7
2015/16
Q.I 94.4 93.9 93.6 96.3 87.7 91.2 87.6 96.5 103.9 83.7 91.4 88.0 94.7 90.8
Q.II 94.3 94.8 94.6 96.8 87.7 92.8 92.0 98.2 101.3 88.2 99.8 90.8 95.6 91.8
Q.III 94.9 95.2 101.3 97.9 91.1 95.9 93.8 97.2 100.3 91.1 99.8 92.6 96.5 94.6
Q.IV 97.8 98.7 94.9 99.0 97.0 96.9 97.4 97.0 101.5 92.3 99.9 94.9 97.8 96.9
2016/17
QI 100.4 102.5 92.4 99.2 100.1 97.7 95.1 98.1 99.7 93.5 100.0 97.6 98.5 98.2
QII 100.4 101.3 97.3 99.5 100.1 99.2 98.8 99.3 99.9 98.4 100.0 99.1 99.0 99.4
QIII 102.4 103.0 104.4 100.7 102.3 101.2 104.3 103.9 99.8 99.0 100.0 98.1 100.9 101.7
QIV 106.5 109.5 98.3 102.1 102.8 107.9 113.4 104.7 102.1 111.6 99.4 101.6 101.9 103.0
2017/18
QI 112.0 113.9 104.5 116.0 113.3 111.1 97.0 106.3 101.7 113.1 106.0 107.9 102.2 109.9
QII 115.6 116.6 110.7 119.8 119.7 115.3 92.9 108.9 103.4 114.0 107.5 113.5 104.5 114.5
QIII 118.8 118.7 117.3 126.3 123.4 122.4 99.9 111.4 105.9 117.9 109.2 114.0 109.5 118.9
QIV 122.8 123.1 108.2 135.8 127.8 129.1 101.3 113.2 107.2 120.9 110.4 118.6 115.6 122.5
2018/19
QI 127.4 128.2 112.3 141.1 131.3 133.9 107.2 115.5 106.7 122.6 117.5 123.7 119.6 126.5
QII 127.9 128.3 112.3 144.7 130.0 136.3 110.6 119.7 101.1 124.9 125.8 128.1 119.8 127.4
QIII 131.9 132.0 121.2 150.7 133.1 141.5 116.0 128.9 101.5 126.6 126.3 130.8 123.6 131.8
QIV 141.0 145.6 125.1 151.6 137.0 147.4 114.8 132.3 105.5 127.7 129.5 135.7 131.4 135.7
2019/20
QI 149.5 156.6 127.0 156.4 144.7 150.0 120.2 136.0 105.6 129.8 132.6 145.9 135.6 141.4
QII 153.1 158.5 131.5 158.6 153.8 151.4 126.6 139.5 102.8 141.4 134.1 152.0 139.8 146.8
QIII 159.6 164.5 137.4 159.7 167.2 153.6 130.3 146.6 101.0 143.2 134.3 156.7 145.5 153.9
QIV 171.2 179.2 163.0 167.1 168.5 156.4 143.4 192.6 108.1 140.3 135.6 159.3 149.5 161.9
2020/21
QI 179.9 192.1 158.5 170.3 172.2 158.7 147.4 218.3 106.1 140.2 130.3 165.2 155.3 165.8
QII 181.9 193.7 168.8 177.3 174.8 159.8 155.9 171.1 104.3 153.9 145.6 176.7 161.3 168.3
QIII 191.9 201.8 176.8 185.6 188.5 173.6 170.6 200.0 117.3 163.1 149.9 183.3 169.3 180.4
QIV 207.7 224.0 184.0 199.0 189.2 196.7 189.6 209.5 125.9 175.6 152.8 192.8 184.7 188.9
2021/22
QI 234.9 263.5 202.5 213.2 202.0 217.8 206.3 209.0 119.9 189.2 164.9 205.3 195.1 201.8
Source: Central Statistical Agency(CSA) and NBE Staff Compilation
Table 22 (B): National Food Consumer Price Index,
December 2016=100

Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Sugar jam, honey,

& confectionery
Fish & Sea Food

Food products

Non-Alcoholic
Oils & Fats

Vegetables

Beverages
Beverages

chocolate
Period

Fruits
Meat
2009/10
Q.I 41.9 53.7 31.0 33.4 36.1 34.4 34.1 51.3 23.7 38.0
Q.II 41.0 51.8 31.1 34.1 36.0 36.0 34.7 52.4 26.9 41.8
QIII 40.9 50.9 31.9 35.4 36.5 37.4 35.6 55.1 30.7 42.6
QIV 41.1 49.7 33.2 35.8 38.6 35.6 36.2 56.5 40.6 42.3
2010/11
QI 41.7 48.9 34.4 37.3 41.0 36.4 38.3 56.1 46.1 47.3
Q.II 43.7 48.3 34.8 40.0 49.5 42.3 43.1 59.0 41.6 57.6
Q.III 48.0 50.7 31.9 43.6 54.4 37.9 48.8 57.3 43.3 77.3
Q.IV 57.4 58.9 35.9 46.8 74.2 40.1 56.5 60.0 62.4 90.9
2011/12
Q.I 62.4 65.4 44.9 48.8 74.4 47.4 56.9 61.2 71.1 91.8
Q.II 65.4 69.7 48.8 50.3 71.0 57.7 61.1 64.1 71.3 97.1
Q.III 69.5 74.0 54.6 56.1 73.4 62.2 68.6 66.1 62.4 97.9
Q.IV 75.4 80.7 64.7 61.1 79.2 62.8 75.4 68.3 67.9 90.3
2012/13
Q.I 77.6 85.8 69.5 61.6 76.6 70.2 75.8 69.0 69.7 88.2
Q.II 76.3 84.2 70.0 64.3 74.2 79.3 73.8 70.3 67.7 84.7
Q.III 75.7 82.5 72.1 67.1 74.6 76.9 73.8 72.9 66.1 80.2
Q.IV 77.5 86.1 73.7 67.8 77.0 73.6 74.5 73.2 68.2 78.7
2013/14
Q.I 81.2 92.5 76.4 69.4 76.2 72.5 78.4 74.4 69.7 79.3
Q.II 81.4 95.1 77.7 70.5 75.8 74.6 75.7 73.8 70.2 78.9
Q.III 79.7 85.1 78.6 73.1 78.0 76.4 80.1 73.1 69.1 79.1
Q.IV 82.9 88.9 80.5 74.2 81.5 74.2 79.8 74.2 75.1 94.3
2014/15
Q.I 85.2 92.7 81.5 76.7 87.0 77.5 78.2 73.9 81.8 99.3
Q.II 85.3 89.4 81.5 77.7 89.3 79.9 82.1 75.5 78.7 101.7
Q.III 86.9 86.2 83.4 82.1 94.2 85.9 88.7 75.1 82.6 95.9
Q.IV 92.1 89.3 86.7 89.5 101.4 84.5 94.3 76.5 100.1 91.1
2015/16
Q.I 97.9 94.3 90.9 90.1 102.9 88.7 96.6 76.3 131.6 87.8
QII 96.6 94.0 92.1 92.2 99.5 95.7 96.5 77.0 120.8 85.1
QIII 95.2 95.7 92.8 96.9 96.6 96.2 96.5 81.7 101.2 81.1
QIV 98.7 98.2 96.4 100.2 99.7 96.1 103.0 83.9 101.8 84.1
2016/17
Q.I 102.6 102.9 100.7 99.4 99.9 98.7 106.8 86.7 104.6 92.3
Q.II 101.3 102.7 100.6 100.0 100.8 99.3 99.6 100.0 94.6 105.6 99.3
Q.III 103.0 100.7 100.8 98.9 103.8 102.3 103.2 107.4 96.1 109.2 97.3
Q.IV 109.5 110.9 106.9 100.4 108.3 101.7 106.6 114.7 93.9 117.9 97.0
2017/18
QI 113.9 123.6 113.8 101.1 108.5 100.5 119.5 110.2 94.4 122.0 101.3
QII 116.6 125.7 115.7 104.2 112.4 96.9 128.9 113.8 95.9 125.0 108.5
QIII 118.7 123.6 123.0 101.1 115.7 95.1 134.4 120.4 97.2 133.5 105.2
QIV 123.1 133.8 131.5 110.8 122.8 95.1 133.8 116.9 98.1 137.4 109.7
2018/19
QI 128.2 139.7 137.0 112.1 127.8 95.9 133.1 124.8 102.1 136.9 115.9
QII 128.3 140.0 137.1 114.2 129.8 97.5 141.0 124.3 105.3 137.8 112.1
QIII 132.0 142.1 142.0 115.3 135.3 98.0 147.9 133.6 106.7 143.2 106.5
QIV 145.7 156.8 157.9 113.3 145.6 104.6 160.2 157.8 112.0 148.1 109.6
2019/20
QI 156.6 175.6 170.3 114.5 149.8 107.8 168.7 167.2 115.3 153.1 116.0
QII 158.5 182.5 174.5 116.7 149.1 106.5 183.1 163.4 112.7 153.8 119.3
QIII 164.5 182.7 179.2 122.9 153.4 112.9 187.7 171.3 104.9 177.4 127.5
QIV 179.2 201.5 189.6 139.2 158.9 118.5 187.0 189.1 107.1 195.5 137.9
2020/21
QI 192.1 216.9 192.7 150.7 163.3 123.7 175.9 208.2 106.2 209.3 151.4
QII 193.7 223.7 196.3 148.8 172.5 135.7 182.6 192.9 114.1 210.0 159.7
QIII 201.8 233.6 200.6 158.4 191.7 147.3 195.4 202.0 117.9 213.4 159.4
QIV 224.0 265.3 225.7 161.6 216.8 181.1 204.5 212.4 120.3 234.8 170.8
2021/22
QI 263.5 320.2 252.0 188.2 223.4 241.9 219.6 235.9 124.5 284.7 210.2
Source: Central Statistical Agency(CSA) and NBE Staff Compilation
 Table 22 (C): Addis Ababa Non-Food Consumer Price Index ,
December 2016=100

Hosing,Water,Electricity,Gas and
Food & Non-alcoholic Beverages

Alcoholic beverages & Tobacco

Maintenance of the House

Equipment and Routine
Furnishings, Household

Recreation and Culture

Restaurants and Hotels

Clothing & Foo-twear

Miscellaneous Goods
Communication

Non-Food Index
General Index

Other Fuels

Transport

Education
Health
Period

2009/10
Q.I 44.8 43.6 43.7 35.6 49.8 42.6 52.3 61.9 60.6 50.2 44.6 34.2 38.9 45.3
Q.II 46.1 44.2 44.3 36.4 51.6 45.4 52.9 67.1 65.7 52.0 46.2 37.4 41.3 47.3
Q.III 46.2 43.2 45.1 37.7 52.3 47.4 52.9 68.5 67.1 53.6 47.7 40.2 42.6 48.5
Q.IV 48.3 45.5 47.6 39.1 54.1 49.7 55.0 72.3 70.8 53.8 47.8 42.5 43.3 50.4
2010/11
Q.I 50.5 48.2 49.7 42.8 54.4 51.6 55.3 71.9 70.4 56.6 50.3 44.9 44.9 52.0
Q.II 53.8 49.4 55.9 47.9 59.9 56.1 56.8 80.0 78.3 65.0 57.8 46.8 48.6 57.3
Q.III 56.1 49.5 54.3 51.1 65.6 59.7 57.3 88.3 86.5 66.0 58.6 47.6 55.3 61.6
Q.IV 61.1 55.4 57.9 55.3 68.2 64.2 60.2 98.7 96.6 65.8 58.5 50.7 59.2 65.7
2011/12
Q.I 64.6 60.1 62.7 58.9 69.6 65.2 62.2 98.6 96.5 68.6 61.0 54.4 62.9 67.9
Q.II 67.3 64.2 65.6 64.5 69.2 68.5 65.3 99.1 97.1 75.1 66.8 57.3 66.4 70.6
Q.III 70.6 67.0 71.4 70.5 70.6 72.4 67.1 102.2 100.0 75.6 67.1 59.0 70.4 73.4
Q.IV 74.0 73.3 71.7 72.1 71.8 73.8 69.6 102.2 100.0 76.7 72.2 59.0 72.4 74.6
2012/13
Q.I 76.5 75.8 72.0 75.8 77.4 75.6 71.3 101.3 100.0 78.2 70.2 59.0 74.6 77.0
Q.II 77.4 74.4 72.4 80.9 80.1 76.8 73.1 101.3 100.0 81.0 70.2 64.8 77.3 79.7
Q.III 77.8 73.2 79.0 82.6 81.5 79.5 76.5 101.3 100.0 82.4 72.6 66.8 80.6 81.4
Q.IV 79.6 75.7 81.1 84.8 81.5 81.8 80.9 101.2 100.0 84.0 75.0 68.8 82.0 82.5
2013/14
Q.I 82.8 78.9 84.0 86.2 85.7 83.4 74.9 101.4 100.0 86.9 75.1 78.3 83.6 85.8
Q.II 83.8 77.6 88.6 87.4 88.7 84.8 77.2 106.0 100.0 94.4 75.1 82.8 85.6 88.6
Q.III 84.6 76.7 87.6 90.3 91.5 88.3 79.6 110.2 100.0 96.4 75.1 82.3 86.0 90.6
Q.IV 86.7 79.6 92.4 93.3 91.9 90.8 85.5 110.4 100.0 98.3 75.1 85.8 85.6 92.1
2014/15
Q.I 88.6 83.9 94.0 93.5 91.2 90.0 90.7 110.3 100.0 100.9 75.1 86.9 88.8 92.3
Q.II 88.9 84.2 94.1 94.0 91.3 90.6 94.3 109.6 100.0 97.9 75.1 87.0 89.3 92.5
Q.III 90.9 87.7 95.9 94.8 92.8 93.1 95.3 101.2 100.0 98.1 75.1 91.2 93.8 93.4
Q.IV 95.1 95.4 94.8 97.4 95.2 95.5 96.0 98.8 100.0 97.4 75.1 92.8 96.3 94.8
2015/16
Q.I 101.4 107.4 95.7 99.8 97.7 96.1 96.8 99.7 100.0 98.0 83.4 93.9 98.2 96.8
QII 100.8 103.3 99.4 100.5 98.2 98.0 99.9 100.0 100.0 99.6 100.0 98.0 99.2 98.9
QIII 98.2 97.0 98.4 101.4 96.5 103.8 102.3 98.3 100.0 101.3 100.0 99.4 101.6 99.2
QIV 100.6 101.7 100.4 103.5 96.4 105.4 102.7 97.5 100.0 103.5 100.0 100.5 102.5 99.7
2016/17
QI 103.9 107.3 109.8 105.0 97.9 107.8 103.6 97.5 100.0 105.0 100.0 103.3 102.1 101.3
QII 101.5 102.2 104.7 104.0 98.6 105.1 102.5 98.3 100.0 104.4 100.0 102.5 101.2 100.9
QIII 100.9 100.4 103.8 100.6 101.7 101.7 98.5 104.1 100.0 99.5 97.4 100.1 103.2 101.3
QIV 104.1 104.4 100.9 94.8 103.0 107.5 107.6 107.9 114.4 105.4 96.9 99.9 102.5 103.8
2017/18
QI 112.3 109.2 103.3 98.8 133.7 114.3 113.7 106.5 115.3 107.3 100.4 104.9 100.9 114.8
QII 117.6 110.3 103.0 101.2 151.3 120.5 113.9 106.9 116.5 107.3 99.9 118.5 106.5 123.1
QIII 121.1 113.1 112.7 104.8 158.3 126.6 117.3 107.7 116.8 109.7 99.7 120.2 111.3 127.2
QIV 127.1 117.7 114.1 111.3 170.0 132.4 131.8 109.4 116.8 112.2 100.1 127.5 119.4 134.2
2018/19
QI 132.1 125.2 115.1 113.8 171.4 136.5 130.1 113.6 116.8 112.4 113.3 136.1 122.4 137.4
QII 133.0 123.7 116.1 115.5 172.8 142.5 135.8 116.1 120.4 112.6 122.3 137.7 123.1 140.0
QIII 137.5 127.5 126.1 116.3 186.6 147.0 133.0 117.8 119.2 112.8 120.8 138.7 127.0 145.1
QIV 145.3 141.4 127.1 121.1 188.3 153.5 139.6 121.5 118.0 115.7 121.9 142.9 130.7 148.2
2019/20
QI 152.8 155.5 126.7 123.3 192.5 155.8 140.5 123.6 118.3 118.2 125.4 144.9 134.5 150.8
QII 156.7 157.1 125.2 121.4 207.3 160.0 138.4 125.9 116.8 125.2 128.4 149.4 140.2 156.5
QIII 163.1 160.9 149.7 131.6 225.7 163.9 150.4 124.3 114.6 124.4 132.1 154.1 143.7 164.9
QIV 178.2 178.6 174.4 138.2 241.2 164.8 155.8 191.5 114.8 119.9 130.6 154.6 147.9 177.9
2020/21
QI 186.4 197.7 179.4 149.4 236.5 165.7 162.7 181.7 115.0 122.1 118.1 158.2 154.1 177.7
QII 185.7 194.4 175.0 155.2 243.1 169.9 169.6 149.6 115.5 132.1 143.2 160.8 159.0 179.2
QIII 193.6 201.4 188.1 165.5 254.3 181.6 184.4 155.2 115.6 131.1 150.5 167.2 166.7 187.7
QIV 212.2 229.5 209.6 176.6 267.7 202.7 188.3 161.4 116.8 135.2 148.7 179.1 180.8 199.0
2021/22
QI 234.8 265.3 218.9 191.5 281.4 221.6 208.1 161.7 117.7 153.3 161.3 198.6 192.5 211.7
Source: Central Statistical Agency(CSA) and NBE Staff Compilation
Table 22(D): Addis Ababa Food Consumer Price Index
December 2016=100

Non-Alcoholic Beverages
Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Sugar jam, honey,

Fish & Sea Food

Food products
chocolate and
confectionery
Oils & Fats

Vegetables
Beverages

Fruits
Period

Meat
2009/10
Q.I 43.3 53.8 33.7 36.6 39.6 42.3 39.5 67.7 33.5 32.7
Q.II 43.9 53.5 33.7 36.2 39.4 40.9 38.2 74.2 45.3 37.4
Q.III 42.9 50.4 34.3 35.9 39.9 41.3 38.6 72.8 45.2 37.0
QIV 45.2 51.0 36.9 37.3 40.6 45.2 42.2 73.9 62.7 35.7
2010/11
Q.I 47.9 50.7 38.6 38.5 42.9 53.9 50.4 78.7 70.3 39.7
Q.II 49.1 50.6 39.2 39.5 50.8 56.8 53.0 82.2 55.6 50.7
Q.III 49.2 49.4 38.9 40.9 54.3 60.3 56.3 72.5 60.5 65.4
Q.IV 55.0 54.8 40.1 42.6 74.4 62.1 58.0 74.1 87.9 78.1
2011/12
Q.I 59.7 58.2 47.5 46.9 77.1 54.1 50.5 74.4 102.7 81.1
Q.II 63.8 61.2 52.4 52.0 74.1 57.3 53.5 75.6 95.7 88.4
Q.III 66.6 64.1 57.0 55.8 75.5 63.3 63.3 76.7 91.6 89.7
Q.IV 72.8 71.7 68.6 58.5 79.3 65.0 68.5 77.6 95.2 86.7
2012/13
Q.I 75.4 77.3 70.9 63.4 77.9 71.8 71.8 77.6 88.6 84.6
Q.II 74.0 79.7 69.1 67.3 77.6 73.1 66.8 77.6 76.6 82.7
Q.III 72.7 78.5 73.3 69.4 79.0 80.4 59.7 77.6 73.0 79.7
Q.IV 75.2 79.8 74.3 70.1 81.6 84.0 67.8 77.6 70.9 76.4
2013/14
Q.I 78.5 82.3 75.7 71.8 81.6 83.5 75.6 77.6 76.3 78.0
Q.II 77.1 84.0 75.4 71.5 81.1 79.1 67.2 77.8 79.4 78.7
Q.III 76.2 78.1 77.6 71.6 81.2 86.3 70.4 78.0 73.4 80.3
Q.IV 79.1 78.9 81.1 73.4 83.6 87.2 69.9 82.7 95.6 89.6
2014/15
Q.I 83.3 82.2 81.4 75.8 89.0 84.3 72.1 82.6 127.8 91.1
Q.II 83.7 82.4 78.6 79.3 94.0 84.1 78.0 82.7 104.0 95.0
Q.III 87.2 79.8 81.3 80.8 99.9 103.1 86.5 81.2 120.9 94.7
Q.IV 94.8 82.1 84.6 88.6 110.4 101.4 91.1 83.1 188.2 91.7
2015/16
Q.I 106.7 84.4 93.8 94.3 110.6 101.9 99.0 83.5 317.2 88.5
Q.II 102.7 86.1 96.9 95.8 108.1 101.0 100.3 83.6 229.0 87.6
QIII 96.4 88.9 95.8 95.7 99.6 113.7 95.4 94.0 141.8 85.8
QIV 101.1 93.3 98.4 96.7 101.7 113.7 108.3 99.8 130.6 88.6
2016/17
QI 106.7 98.6 101.1 98.9 103.0 103.3 122.3 96.8 130.7 93.1
QII 101.8 102.3 100.8 100.0 99.8 102.1 96.9 100.8 96.5 112.0 97.4
QIII 100.4 98.6 97.6 91.6 101.8 105.0 108.8 105.5 100.0 93.8 97.7
QIV 104.4 101.8 106.4 99.9 102.2 107.3 118.7 112.6 99.0 86.1 94.2
2017/18
QI 109.2 109.9 114.6 101.9 105.6 109.5 134.3 111.4 100.0 86.6 100.4
QII 110.3 112.8 114.8 98.4 105.5 109.1 132.5 106.9 100.0 104.0 105.8
QIII 113.1 111.2 117.2 100.4 110.2 110.2 140.3 106.2 100.0 155.7 105.2
QIV 117.7 117.4 126.0 112.3 121.4 114.8 139.3 105.6 100.0 160.3 105.7
2018/19
QI 125.2 124.7 130.0 109.2 125.3 116.0 135.4 123.0 100.0 161.4 109.3
QII 123.7 125.5 127.9 110.4 129.0 116.1 138.4 117.6 100.0 154.7 109.6
QIII 127.5 129.6 135.4 119.4 128.7 117.3 151.8 121.0 100.0 154.9 109.6
QIV 141.4 136.3 151.8 114.2 134.9 122.0 170.9 155.0 114.1 154.1 112.8
2019/20
QI 155.5 155.6 164.5 133.0 142.5 131.2 176.5 171.6 114.1 162.7 116.0
QII 157.1 159.2 171.8 129.1 147.0 133.8 184.5 162.4 114.1 171.0 118.7
QIII 160.9 162.1 175.2 131.2 146.6 142.2 190.7 163.6 114.1 183.3 127.6
QIV 178.6 181.4 182.7 138.1 153.6 150.4 175.8 185.0 114.1 256.7 138.8
2020/21
QI 197.7 194.1 191.8 191.4 158.2 158.2 160.1 218.4 109.3 353.2 144.3
QII 211.7 220.8 213.6 181.0 174.8 184.7 205.2 185.9 141.3 414.7 163.2
QIII 201.4 212.8 197.9 188.5 170.7 174.0 205.1 180.1 141.3 369.3 161.4
QIV 229.5 233.9 238.1 179.6 185.1 204.9 211.6 195.0 141.0 501.2 167.2
2021/22
QI 265.3 255.7 267.8 259.0 211.7 236.2 218.5 225.8 143.6 705.6 202.2
Source: Central Statistical Agency(CSA) and NBE Staff Compilation
 Table 22 (E1): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Clothing & Foot-

Communication
Maintenance of

Restaurants and
and Other Fuels
Non-Food Index

Equipment and
Electricity, Gas
Housing,Water,
alcoholic Index

Recreation and
General Index

Miscellaneous
Food & Non-

Furnishings,
beverages &

Household

Education
Transport
the House
Alcoholic

Tobacco

Routine

Culture
Health
Period

Goods
Hotels
wear
AFAR
2009/10
Q.I 36.3 41.7 28.6 39.1 30.4 17.0 39.4 52.1 31.9 57.8 45.5 64.1 33.5 62.6
Q.II 38.8 43.7 31.5 39.9 32.0 19.5 44.8 52.0 35.3 64.0 45.6 64.2 36.6 63.0
Q.III 39.6 43.6 33.1 41.3 33.6 20.7 47.3 54.4 37.1 67.3 44.5 62.7 36.9 63.4
Q.IV 40.6 43.9 34.1 44.0 33.5 21.9 47.8 54.4 38.2 69.4 47.1 66.3 37.7 64.8
2010/11
Q.I 41.7 44.8 35.5 44.8 33.6 23.9 48.6 50.5 37.1 67.3 49.1 69.1 38.7 64.4
Q.II 44.3 47.1 38.7 50.7 36.5 26.6 50.5 51.0 42.3 76.8 55.7 78.4 42.7 67.7
Q.III 47.6 50.6 41.9 54.9 38.3 29.6 53.8 56.2 49.1 89.1 55.7 78.4 44.6 68.7
Q.IV 52.1 54.4 45.8 55.9 40.9 34.0 52.8 61.8 59.0 107.0 57.1 80.4 48.4 70.1
2011/12
Q.I 56.0 58.6 48.4 61.8 46.1 34.3 59.7 58.4 60.9 110.4 59.6 83.8 52.8 73.0
Q.II 58.3 64.5 48.4 63.4 50.7 32.0 63.3 60.4 53.9 97.7 65.6 92.4 54.1 73.5
Q.III 60.9 71.1 50.4 68.2 52.1 32.7 66.5 65.3 57.2 100.0 70.2 0.0 54.1 75.7
Q.IV 64.5 75.6 53.2 70.1 54.4 36.8 63.6 69.9 60.3 100.0 69.8 0.0 59.7 79.4
2012/13
Q.I 67.5 79.7 55.1 67.6 59.1 40.3 60.0 71.8 65.1 100.0 72.1 0.0 61.8 79.9
Q.II 70.8 79.7 60.9 66.6 75.0 45.0 64.7 73.8 69.3 100.0 74.8 0.0 65.9 80.8
Q.III 71.2 77.0 64.0 61.7 80.2 51.3 66.2 76.8 69.3 100.0 74.0 0.0 65.9 81.5
Q.IV 75.1 78.4 69.7 57.0 83.4 64.2 68.9 81.3 69.3 100.0 74.7 0.0 68.6 83.9
2013/14
Q.I 80.4 84.4 74.3 67.6 87.2 67.6 72.3 94.5 79.4 100.0 76.3 0.0 71.6 87.3
Q.II 81.2 84.3 75.7 72.4 87.3 68.7 71.7 98.7 79.4 100.0 84.8 0.0 72.7 89.8
Q.III 79.1 82.9 73.2 66.1 91.0 61.0 73.3 106.4 79.4 100.0 86.2 0.0 74.2 92.3
Q.IV 76.2 85.8 65.7 59.1 91.3 42.0 74.8 105.8 83.2 100.0 85.5 0.0 78.3 95.0
2014/15
Q.I 77.0 87.7 65.5 60.9 91.1 38.7 77.0 108.3 92.0 100.0 87.9 0.0 77.6 108.5
Q.II 77.9 87.3 67.5 60.5 94.0 42.8 79.0 112.5 91.8 100.0 88.6 0.0 78.6 93.1
Q.III 81.4 87.6 73.5 73.6 91.0 55.0 78.6 111.6 94.7 100.0 87.6 0.0 80.5 94.6
Q.IV 87.8 94.0 79.5 87.3 91.4 63.0 87.9 114.7 95.8 100.0 87.1 0.0 83.4 93.7
2015/16
Q.I 92.2 103.7 79.6 90.0 96.2 57.6 91.0 115.8 93.2 100.0 95.4 0.0 87.5 97.0
Q.II 92.5 101.8 81.6 83.0 96.8 61.9 94.7 121.8 99.3 100.0 95.7 0.0 93.1 97.6
Q.III 96.9 99.6 94.1 106.9 92.6 87.1 99.8 125.7 96.2 100.0 99.2 0.0 92.3 97.4
Q.IV 101.2 101.6 100.7 99.9 98.6 103.0 100.7 122.6 96.9 100.0 100.5 0.0 94.4 95.2
2016/17
QI 103.1 104.0 102.2 97.6 97.8 108.0 101.6 114.6 95.8 100.0 99.3 0.0 96.1 96.8
QII 101.4 103.8 98.9 104.3 97.1 97.1 101.6 106.0 98.8 100.0 97.8 33.3 98.5 98.9
QIII 101.4 102.3 100.6 94.3 100.0 104.3 99.3 110.1 95.6 100.7 97.4 100.0 99.8 99.2
QIV 105.4 105.2 105.6 93.3 107.5 114.2 102.0 118.1 105.1 100.7 111.8 92.0 99.6 97.8
2017/18
QI 108.5 109.8 107.2 101.1 105.3 117.3 100.5 120.4 112.9 99.9 110.5 101.3 97.1 98.2
QII 112.8 115.8 109.9 101.1 114.6 117.7 103.4 107.2 123.3 99.8 119.5 98.5 103.5 103.4
QIII 116.8 117.0 116.6 131.6 120.9 114.2 106.8 107.7 123.3 99.9 129.7 95.5 114.9 110.0
QIV 116.7 116.2 117.2 120.4 121.4 120.2 110.8 108.6 123.3 100.5 130.5 93.5 111.4 118.4
2018/19
QI 120.7 124.2 117.4 115.0 124.5 117.8 116.7 109.1 118.8 100.5 132.5 101.9 117.2 118.8
QII 121.1 124.3 118.0 105.4 121.8 116.1 143.9 93.2 124.8 101.6 174.1 110.8 120.1 118.4
QIII 124.2 126.1 122.4 93.6 123.1 134.9 152.0 91.8 123.3 104.0 176.0 115.0 117.5 123.0
QIV 131.7 136.2 127.4 95.7 132.5 139.3 153.7 94.9 130.9 104.5 177.8 115.0 126.1 127.4
2019/20
QI 140.5 151.7 129.6 95.3 134.9 130.6 153.0 102.9 170.3 103.4 164.8 114.8 145.6 141.0
QII 134.9 142.0 128.1 97.7 131.2 135.2 154.0 96.9 149.2 103.6 172.8 114.5 134.2 132.6
QIII 151.1 158.7 143.8 116.7 154.4 135.7 165.2 109.7 218.4 103.6 192.1 118.7 165.5 148.0
QIV 158.7 174.6 143.2 134.0 156.7 125.6 169.5 101.2 222.3 104.6 192.7 127.2 153.7 150.3
2020/21
QI 170.8 179.9 162.0 159.3 168.1 152.7 170.6 106.4 322.8 104.6 189.5 141.0 165.7 150.7
QII 169.1 186.3 152.3 143.3 171.7 134.4 173.3 123.9 203.4 104.6 213.4 119.6 167.4 156.5
QIII 174.3 195.6 153.6 139.4 171.8 136.4 176.6 136.3 203.4 104.6 218.6 118.7 168.3 160.6
QIV 191.7 224.9 159.6 133.1 180.5 145.1 186.9 154.1 218.4 104.6 227.8 133.0 170.3 161.9
2021/22
QI 216.5 256.8 177.6 143.3 180.0 188.9 203.2 161.0 218.4 104.6 249.6 156.4 182.1 183.3
Source: Central Statistical Agency
Table 22 (E2): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Housing,Water,Ele
Clothing & Foot-

Communication

Restaurants and
Non-Food Index

ctricity,Gas and

Equipment and
alcoholic Index

Recreation and
General Index

Miscellaneous
Food & Non-

Furnishings,
beverages &

Other Fuels

Household

Transport

Education
Alcoholic

Tobacco

Routine

Culture
Health
Period

Hotels

Goods
wear
AMHARA
2009/10
Q.I 40.5 43.8 37.3 45.4 40.3 34.3 35.7 47.2 58.1 61.1 50.4 65.8 36.7 46.5
Q.II 41.3 42.9 39.7 45.3 42.9 37.0 37.1 51.2 58.3 61.3 52.1 68.1 38.3 48.9
Q.III 41.7 42.2 41.2 46.0 46.3 38.1 38.5 54.2 60.9 64.0 52.6 68.7 39.4 50.5
Q.IV 42.5 42.8 42.1 50.1 48.7 38.5 39.7 55.5 63.5 66.6 54.3 70.8 39.4 51.0
2010/11
Q.I 43.8 43.6 43.9 51.1 50.7 40.6 40.8 56.2 62.2 65.3 58.4 76.3 40.3 52.5
Q.II 46.7 44.8 48.4 54.9 56.0 45.4 43.7 57.6 65.6 68.9 66.7 87.1 42.7 57.7
Q.III 49.7 47.0 52.2 55.9 61.5 49.3 46.2 57.8 81.7 85.8 67.1 87.6 44.2 61.0
Q.IV 55.4 56.6 54.3 61.4 66.4 50.1 49.2 58.8 90.2 94.7 69.7 91.0 47.5 63.1
2011/12
Q.I 59.8 63.0 56.6 66.9 70.8 51.2 52.3 59.3 90.6 95.2 73.0 95.3 51.7 70.3
Q.II 62.6 66.7 58.6 62.5 76.1 52.2 54.4 58.0 82.9 87.1 75.9 99.1 54.9 73.8
Q.III 65.1 68.6 61.5 64.7 79.7 55.1 56.4 58.8 84.0 87.0 79.4 100.0 57.8 74.9
Q.IV 68.7 74.4 63.2 69.7 81.6 55.3 58.4 60.1 83.9 87.0 84.2 100.0 60.4 76.5
2012/13
Q.I 71.9 79.1 64.9 73.1 82.7 56.4 59.4 61.6 85.2 87.0 84.2 100.0 63.4 77.5
Q.II 73.2 78.5 68.0 74.9 83.9 59.1 68.8 63.4 88.5 87.0 81.1 100.0 65.3 84.5
Q.III 73.6 78.1 69.3 76.1 84.6 59.0 72.2 68.8 86.6 87.0 82.3 100.0 68.4 85.8
Q.IV 75.6 80.3 71.0 78.6 87.5 59.9 73.8 73.3 83.2 87.0 84.3 100.0 71.2 87.3
2013/14
Q.I 77.7 83.6 72.0 81.1 88.7 60.2 74.3 76.0 78.7 87.0 84.1 100.0 73.4 88.1
Q.II 79.1 83.0 75.171978 86.8 88.8 64.1 76.3 82.5 81.7 87.0 86.5 100.0 76.6 89.9
Q.III 79.5 81.5 77.366135 89.6 91.3 67.2 78.5 85.6 83.8 87.0 87.7 100.0 77.3 90.6
Q.IV 80.8 82.7 78.769566 89.1 92.1 69.3 82.3 87.6 84.1 87.0 87.8 100.0 77.9 91.3
2014/15
Q.I 81.6 83.8 79.4 90.7 93.9 68.9 82.8 89.0 84.3 88.4 88.1 108.3 79.3 91.6
Q.II 82.4 84.0 80.7 91.7 99.1 69.7 83.6 92.6 85.9 87.0 88.0 100.0 80.2 91.9
Q.III 83.7 84.7 82.6 92.7 101.9 72.4 85.4 93.5 86.0 90.0 89.2 100.0 81.3 92.6
Q.IV 85.8 86.3 85.1 96.3 101.3 75.9 88.1 89.5 85.5 99.5 89.8 100.0 83.9 93.4
2015/16
Q.I 89.7 91.5 87.8 95.8 103.5 79.6 90.1 90.0 94.4 108.7 86.6 100.0 86.5 92.7
Q.II 90.9 92.7 89.0 95.9 101.8 80.6 92.4 89.1 101.4 97.7 94.9 100.0 89.7 93.1
Q.III 92.4 93.0 91.7 99.3 102.2 84.5 94.9 97.3 96.3 98.3 96.2 100.0 92.1 94.1
Q.IV 94.9 95.1 94.5 98.9 103.3 89.1 96.1 94.4 101.9 98.8 93.8 100.0 95.3 95.1
2016/17
QI 99.8 101.3 98.1 97.1 101.4 96.9 97.8 88.7 103.5 98.3 97.6 100.0 99.2 96.4
QIII 101.1 102.3 99.8 99.3 100.0 99.4 99.7 99.8 101.7 99.4 98.5 100.0 100.7 98.1
QII 102.4 105.4 99.0 98.4 101.6 98.7 100.3 104.9 102.9 100.0 98.8 95.2 95.9 100.7
QIV 108.7 110.1 107.2 124.7 103.6 108.4 101.9 133.6 104.0 99.1 123.5 95.5 102.1 99.9
2017/18
QI 119.5 118.2 120.9 135.5 108.2 134.1 106.5 154.5 104.0 95.6 125.2 119.0 111.6 102.9
QII 122.4 119.9 125.2 140.4 115.0 138.9 110.2 119.9 105.1 102.7 127.4 119.0 119.5 105.2
QIII 125.5 122.0 129.4 144.8 119.5 145.7 121.2 150.8 105.4 112.8 133.4 119.0 111.1 112.4
QIV 129.0 127.7 130.5 139.8 127.3 145.8 126.1 131.4 106.3 122.3 138.0 119.0 111.6 115.4
2018/19
QI 134.1 133.9 134.2 141.6 132.6 148.5 127.8 155.4 106.9 128.9 140.9 119.0 114.4 124.2
QII 134.4 132.9 136.2 141.1 138.1 149.2 129.9 171.6 116.1 115.3 142.3 120.6 118.7 119.1
QIII 138.3 136.6 140.2 146.3 141.6 149.7 137.5 196.6 122.8 118.1 142.1 121.6 124.7 120.4
QIV 148.6 149.3 147.8 150.3 148.2 161.8 143.7 175.3 125.5 139.3 141.5 136.5 130.1 125.7
2019/20
QI 157.6 161.4 153.3 147.1 148.4 169.4 144.5 193.2 120.5 137.3 144.1 134.7 142.7 127.9
QII 159.7 161.0 158.3 155.1 150.0 176.1 146.8 200.8 123.1 126.3 148.9 138.8 150.3 129.9
QIII 169.7 174.2 164.8 181.6 152.4 180.5 149.5 207.8 148.4 120.4 161.7 126.0 155.8 133.3
QIV 179.0 187.5 169.6 207.9 157.9 180.0 153.4 199.3 190.2 160.6 150.6 142.0 151.5 140.0
2020/21
QI 185.8 200.0 169.8 193.7 159.8 177.8 155.2 222.7 215.2 149.4 140.2 132.7 153.3 150.5
QII 185.9 197.9 172.5 207.2 165.1 182.6 158.3 206.7 143.9 138.8 159.4 138.3 163.6 150.5
QIII 192.0 199.2 184.0 225.7 176.7 188.5 169.5 210.0 146.2 215.0 165.3 144.6 175.0 158.9
QIV 204.2 213.9 193.3 244.6 192.5 185.4 186.7 248.2 164.0 261.2 184.4 153.5 184.0 168.0
2021/22
QI 232.9 255.5 207.6 266.8 204.1 206.5 206.5 257.8 170.6 217.5 195.1 164.4 195.1 174.5
Source: Central Statistical Agency
 Table 22 (E3): Regional States' Consumer Price Indices (Non-Food)
December 2016= 100

Housing,Water,Ele
Clothing & Foot-

Communication

Restaurants and
Non-Food Index

ctricity,Gas and
alcoholic Index

Recreation and
General Index

Miscellaneous
Equipment &
Food & Non-

Furnishings,
beverages &

Other Fuels

Household

Transport

Education
Alcoholic

Tobacco

Routine

Culture
Health
Period

Hotels

Goods
wear
BENISHANGUL GUMUZ
2009/10
Q.I 46.8 49.5 45.4 34.8 27.7 62.6 40.4 68.3 66.6 70.6 61.5 74.5 45.3 48.3
Q.II 45.6 45.1 48.0 34.5 31.3 66.5 42.1 68.0 71.5 75.8 63.3 76.7 47.6 50.0
Q.III 43.6 40.8 48.9 37.0 35.1 63.4 43.8 71.6 74.5 78.9 64.4 77.9 50.9 52.0
Q.IV 43.6 39.5 50.4 40.4 35.7 65.7 45.0 69.7 76.2 80.8 65.4 79.2 56.1 53.2
2010/11
Q.I 43.3 38.1 51.6 40.4 39.4 62.8 49.0 68.5 75.4 79.9 67.5 81.7 58.1 53.1
Q.II 46.2 39.2 56.6 43.8 45.1 67.3 56.1 71.7 80.5 85.3 72.8 88.1 59.4 59.8
Q.III 49.4 44.0 58.0 44.7 49.4 64.0 57.9 73.0 86.8 91.9 73.4 88.9 53.8 64.0
Q.IV 59.6 60.5 60.9 51.5 52.2 65.1 61.2 71.4 99.1 105.0 76.0 92.0 67.9 70.5
2011/12
Q.I 66.0 70.9 62.6 50.4 55.1 60.8 66.7 62.4 99.1 105.0 79.1 95.7 73.9 77.3
Q.II 70.8 76.5 65.6 49.6 63.0 60.3 69.1 65.7 92.8 98.3 82.1 99.3 72.5 81.2
Q.III 74.2 76.1 71.8 53.3 68.7 70.2 74.9 66.0 98.4 100.0 83.7 0.0 73.8 84.2
Q.IV 79.0 81.1 76.2 58.8 73.7 75.8 78.7 66.6 106.4 100.0 82.9 0.0 75.6 88.7
2012/13
Q.I 82.1 84.6 78.8 62.1 73.5 82.2 78.9 67.3 106.5 100.0 85.0 0.0 77.6 89.2
Q.II 82.2 83.4 80.6 69.9 79.9 81.2 80.2 71.0 99.5 100.0 86.9 0.0 78.6 90.9
Q.III 81.4 79.9 83.3 71.5 80.6 89.6 78.7 72.6 96.4 100.0 88.6 0.0 79.6 91.3
Q.IV 81.7 79.6 84.5 69.4 80.7 92.7 79.4 79.3 97.1 100.0 89.8 0.0 81.0 91.0
2013/14
Q.I 86.6 87.2 85.9 69.5 82.0 93.4 81.5 81.7 97.8 100.0 90.4 0.0 84.4 93.4
Q.II 91.3 92.7 89.4 80.0 82.8 97.0 83.8 91.0 100.7 100.0 90.5 0.0 86.3 94.7
Q.III 89.2 85.0 94.7 87.4 89.1 108.4 83.7 92.3 102.9 100.0 90.9 0.0 86.4 95.4
Q.IV 89.9 85.4 95.9 94.0 92.6 106.4 84.2 92.4 103.2 100.0 91.1 0.0 89.6 96.5
2014/15
Q.I 88.0 83.9 93.6 89.4 93.4 99.1 87.5 91.6 101.9 100.0 91.0 0.0 88.3 95.8
Q.II 88.4 84.9 93.2 83.9 94.8 98.5 87.9 83.4 100.5 100.0 92.0 0.0 91.8 94.9
Q.III 89.1 88.1 90.5 85.5 97.6 85.7 91.0 83.9 100.3 100.0 92.4 0.0 92.0 95.7
Q.IV 91.2 90.6 91.9 87.7 98.4 87.9 91.7 84.5 99.5 100.0 93.0 0.0 93.9 95.0
2015/16
Q.I 97.2 99.9 93.7 84.1 100.0 93.6 94.9 85.9 99.8 100.0 93.8 0.0 92.2 95.8
Q.II 98.4 99.9 96.4 88.6 101.5 97.6 97.0 94.3 100.1 100.0 94.0 0.0 92.1 98.3
Q.III 96.1 94.6 98.0 92.5 101.5 98.0 99.7 96.8 103.3 100.0 96.1 0.0 95.2 98.7
Q.IV 96.6 95.9 97.5 92.8 101.7 91.6 101.0 134.6 99.1 100.0 96.6 0.0 94.4 101.4
2016/17
QI 99.6 100.1 99.0 85.7 100.0 98.9 98.5 149.8 99.6 100.0 98.7 0.0 96.0 100.9
QII 99.8 100.4 99.0 92.2 100.2 99.0 99.6 102.4 106.9 100.0 100.0 33.3 97.6 102.1
QIII 103.3 103.0 101.7 104.4 100.7 102.3 101.2 104.3 103.9 99.8 99.0 100.0 98.1 100.9
QIV 106.5 109.5 103.0 98.3 102.1 102.8 107.9 113.4 104.7 102.1 111.6 99.4 101.6 101.9
2017/18
QI 111.4 117.8 105.4 91.6 96.2 100.7 114.1 98.9 113.9 100.0 161.4 100.0 123.5 103.2
QII 114.8 121.5 108.5 91.4 94.1 99.4 124.0 100.5 118.8 100.0 168.0 100.0 136.3 104.5
QIII 117.6 119.9 115.5 109.9 99.8 102.2 126.8 132.8 122.7 100.0 167.3 100.0 140.8 112.3
QIV 120.7 121.2 120.2 111.3 100.3 103.3 140.9 186.7 120.8 100.0 177.4 100.0 139.9 117.7
2018/19
QI 125.8 129.2 122.6 106.2 102.9 103.6 147.2 189.5 117.7 100.0 174.9 100.0 152.2 119.1
QII 130.0 130.2 129.9 110.3 114.7 101.7 147.5 191.0 119.0 97.8 177.6 100.0 187.4 117.8
QIII 134.8 132.8 136.6 115.1 119.8 103.4 150.0 188.8 121.6 97.8 180.8 112.5 213.6 122.5
QIV 143.4 142.9 143.9 127.9 119.7 110.8 165.9 189.9 127.5 100.0 184.4 104.2 218.8 132.1
2018/19
QI 156.5 164.5 149.1 130.8 134.1 122.3 172.6 196.4 129.1 100.0 200.9 100.0 210.4 135.8
QII 158.9 166.7 151.5 134.6 132.3 123.9 164.8 186.9 132.1 100.0 247.9 125.0 219.6 148.9
QIII 167.2 173.0 161.9 161.4 136.3 131.0 175.2 192.6 132.1 100.0 238.5 125.0 234.1 158.7
QIV 179.9 190.9 169.6 197.1 137.9 128.7 175.7 197.2 140.5 100.0 234.7 125.0 249.5 161.0
2020/21
QI 201.1 222.6 180.8 201.3 147.0 141.5 177.9 195.9 177.9 100.0 236.1 114.6 271.0 169.6
QII 203.4 220.5 187.2 210.7 149.5 153.1 183.1 198.8 132.7 100.0 268.6 125.0 288.0 170.6
QIII 203.7 217.6 190.7 193.5 166.8 188.3 198.5 204.0 139.2 100.0 282.7 125.0 235.4 182.7
QIV 218.6 233.9 204.3 201.8 181.8 172.7 230.5 225.2 140.6 100.0 309.8 125.0 295.6 188.2
2021/22
QI 258.1 289.1 229.0 221.0 201.2 201.4 258.3 239.3 140.6 100.0 311.5 141.7 339.2 205.6
Source: Central Statistical Agency
Table 22 (E4): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Clothing & Foot-

Communication

Restaurants and
Non-Food Index

and Other Fuels

Housing,Water,

Equipment and

Recreation and
alcoholic Index

Electricity,Gas
General Index

Miscellaneous
Food & Non-

Furnishings,
beverages &

Household

Transport

Education
Alcoholic

Tobacco

Routine

Culture
Health
Period

Hotels

Goods
wear
DIRE DAWA
2009/10
Q.I 41.5 47.5 38.3 25.3 34.1 38.1 48.0 50.7 62.8 77.0 57.4 76.8 31.8 47.4
Q.II 41.8 46.6 40.0 26.4 36.2 38.7 51.2 52.3 64.5 79.0 63.5 85.0 31.3 48.0
Q.III 42.6 47.5 40.9 26.5 36.9 38.9 54.2 53.6 65.5 80.3 64.1 85.8 33.2 49.5
Q.IV 43.3 48.3 41.3 28.8 35.9 39.6 56.5 52.7 66.0 80.8 64.6 86.4 34.1 50.6
2010/11
Q.I 43.9 48.3 42.8 31.0 37.1 41.2 60.5 55.1 66.2 81.1 61.3 82.0 33.0 51.9
Q.II 46.9 50.9 46.4 33.1 39.6 45.8 65.1 55.4 69.4 85.0 70.3 94.1 37.4 52.5
Q.III 49.0 53.5 48.2 37.6 42.9 49.4 61.6 57.6 73.0 89.4 68.7 91.9 39.8 53.3
Q.IV 54.4 62.4 50.0 38.5 44.4 52.0 60.3 64.0 85.3 104.5 65.8 88.0 45.5 54.2
2011/12
Q.I 57.7 68.0 51.0 43.5 46.0 52.7 62.4 61.1 82.3 100.8 66.0 88.3 50.7 56.0
Q.II 59.1 69.6 52.2 44.4 47.3 51.9 64.0 70.6 81.8 100.2 74.4 99.5 49.1 58.7
Q.III 61.4 71.4 55.2 43.5 53.8 53.6 65.7 79.8 84.8 100.0 74.4 100.0 56.2 62.4
Q.IV 63.5 75.3 56.0 38.2 57.5 55.7 67.2 80.1 91.2 100.0 75.7 100.0 63.4 64.0
2012/13
Q.I 64.8 77.8 56.7 33.4 59.0 60.8 69.7 79.7 91.2 100.0 75.7 100.0 65.8 64.1
Q.II 67.5 77.7 61.1 45.5 65.0 61.1 70.0 81.7 93.2 100.0 77.7 100.0 66.3 64.2
Q.III 68.2 76.0 63.4 48.8 65.8 63.0 73.0 87.7 99.0 100.0 76.8 100.0 68.2 65.1
Q.IV 68.3 78.3 62.1 33.1 69.9 70.4 73.7 88.7 100.0 100.0 79.8 100.0 72.1 66.7
2013/14
Q.I 73.5 84.6 66.6 34.9 70.5 85.2 74.6 91.0 98.4 100.0 80.5 100.0 69.9 68.9
Q.II 79.9 84.4 77.1 53.6 76.8 97.2 76.3 93.3 100.0 100.0 84.7 100.0 76.6 71.2
Q.III 80.2 81.4 79.5 62.4 78.0 92.6 83.7 93.7 97.4 100.0 86.5 100.0 78.8 75.9
Q.IV 80.7 81.6 80.2 65.6 77.7 91.9 85.3 94.4 96.2 100.0 86.5 100.0 79.0 76.5
2014/15
Q.I 84.6 88.0 82.4 67.7 78.9 93.8 86.6 100.0 99.5 100.0 92.1 100.0 82.6 79.3
Q.II 83.8 89.7 80.2 61.9 79.6 93.9 87.4 100.2 103.0 100.0 92.1 100.0 75.9 80.6
Q.III 87.7 89.7 86.4 80.5 83.1 94.3 88.6 96.3 98.9 100.0 92.4 100.0 78.0 84.7
Q.IV 92.7 90.7 94.0 108.5 82.9 94.8 89.9 95.7 96.2 100.0 94.0 100.0 73.7 86.1
2015/16
Q.I 90.6 90.4 90.7 84.8 89.3 97.4 95.0 96.5 95.7 100.0 97.9 100.0 85.8 87.6
Q.II 90.4 91.2 89.9 79.0 93.6 95.6 94.6 96.1 94.3 100.0 97.9 100.0 93.2 87.1
Q.III 97.0 92.4 99.8 111.4 94.0 95.7 95.2 97.9 96.2 100.0 97.8 100.0 94.0 93.3
Q.IV 97.2 97.7 96.9 97.2 95.9 95.2 99.4 99.1 96.2 100.0 97.8 100.0 99.1 95.0
2016/17
QI 95.9 100.8 92.8 80.4 95.4 96.8 97.2 98.7 100.0 100.0 97.8 100.0 100.6 97.8
QII 99.8 101.5 98.7 95.2 100.8 98.3 99.9 98.6 100.0 100.0 98.6 100.0 103.0 100.6
QIII 103.4 101.5 104.8 121.4 106.5 101.9 100.1 99.4 100.1 100.0 102.6 99.8 101.6 100.6
QIV 102.8 103.3 102.4 98.5 106.9 106.3 99.4 93.8 95.1 100.0 106.0 101.6 104.0 103.6
2017/18
QI 104.8 105.8 104.1 104.1 97.1 117.2 106.3 103.2 97.6 95.3 100.0 106.8 103.1 105.5
QII 110.0 111.5 109.0 123.9 123.4 104.6 104.5 97.3 95.9 100.0 115.7 103.1 107.3 99.7
QIII 111.0 112.3 110.1 116.3 124.4 105.4 112.9 99.1 98.4 100.0 122.7 103.1 108.0 105.2
QIV 117.5 124.2 112.4 104.4 129.7 108.9 124.1 101.5 100.5 100.0 125.3 103.2 111.3 111.4
2018/19
QI 123.7 133.8 116.2 111.1 130.2 112.1 126.9 104.4 119.4 86.7 124.2 115.8 120.1 114.7
QII 120.0 129.1 113.2 106.5 128.3 114.5 125.2 108.0 107.2 60.2 115.8 112.7 120.2 115.1
QIII 123.4 133.8 115.7 110.6 126.4 117.3 122.9 116.8 115.5 60.2 136.6 122.4 123.6 118.2
QIV 132.9 150.3 120.0 111.0 133.0 123.2 132.0 118.4 111.1 60.2 133.3 124.5 128.4 125.1
2019/20 119.8
QI 140.3 162.6 123.7 104.7 142.0 129.9 138.7 120.4 114.8 60.2 127.9 146.9 133.3 126.1
QII 147.6 169.9 131.0 126.4 154.5 132.5 146.6 133.2 113.6 60.2 128.9 152.5 127.8 134.9
QIII 150.6 167.3 138.2 153.1 164.7 140.3 148.4 139.1 108.5 60.2 129.5 148.7 125.4 135.2
QIV 164.4 187.4 147.2 165.0 167.3 137.9 153.6 137.2 201.8 60.2 129.2 145.4 141.8 135.0
2020/21
QI 181.8 216.5 155.9 166.4 166.0 143.3 157.7 147.1 295.0 60.2 131.9 149.7 151.8 136.4
QII 172.5 204.1 149.0 157.8 154.7 143.2 153.4 168.9 211.2 60.2 142.4 166.0 160.2 135.6
QIII 178.7 215.4 151.3 170.5 160.2 143.1 166.0 176.7 168.6 60.2 151.6 155.3 167.9 131.5
QIV 189.0 233.7 155.6 162.4 168.3 147.0 182.1 166.0 168.6 60.2 186.8 165.8 171.8 138.4
2021/22
QI 217.8 279.8 171.4 190.4 185.3 158.6 196.3 239.2 173.3 60.2 197.4 187.4 185.4 150.8
Source: Central Statistical Agency
Table 22 (E5): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Housing,Water,Electricity,

Maintenance of the House

Equipment and Routine
Furnishings, Household

Recreation and Culture

Restaurants and Hotels

Alcoholic beverages &

Clothing & Foot-wear

Food & Non-alcoholic

Miscellaneous Goods
Gas and Other Fuels

Communication
Non-Food Index
General Index

Transport

Education
Tobacco

Health
Period

Index GAMBELLA
2009/10
Q.I 47.0 45.4 49.9 53.4 37.6 75.3 38.8 38.6 43.8 63.3 32.0 51.9 36.6 44.6
Q.II 43.7 40.6 49.7 54.7 38.5 69.9 41.7 40.2 50.6 73.2 31.9 51.7 37.3 45.8
Q.III 43.5 39.2 51.7 56.8 39.0 74.4 43.2 40.7 54.1 78.1 34.6 56.1 39.6 46.0
Q.IV 43.7 38.4 53.9 59.7 38.7 79.5 44.8 42.3 54.4 78.7 37.5 60.8 39.7 46.5
2010/11
Q.I 44.6 39.4 54.6 57.5 40.4 80.9 47.5 42.6 55.2 79.7 42.0 68.2 41.6 46.5
Q.II 47.2 41.6 58.0 61.2 44.1 85.8 50.2 44.8 56.5 81.6 45.2 73.2 48.0 48.3
Q.III 49.3 43.4 60.9 66.1 45.6 87.4 55.5 47.6 56.6 81.9 48.6 78.7 43.3 49.8
Q.IV 56.8 52.9 64.3 72.5 48.6 88.5 60.8 48.6 61.6 89.1 51.6 83.7 48.6 51.5
2011/12
Q.I 63.5 60.7 68.7 82.9 51.3 88.5 65.6 48.2 64.1 92.7 54.7 88.6 50.8 55.6
Q.II 67.9 66.3 70.7 80.8 53.1 92.9 67.2 49.1 66.1 95.5 58.7 95.1 54.7 58.7
Q.III 71.2 71.3 71.9 81.7 57.7 88.8 70.2 50.4 71.1 100.0 61.5 0.0 59.8 62.1
Q.IV 75.5 76.9 74.6 83.1 64.0 90.3 72.2 50.3 75.5 100.0 62.6 0.0 64.7 64.9
2012/13
Q.I 77.9 78.8 77.6 92.8 65.8 93.9 75.0 52.4 77.0 100.0 62.8 0.0 66.4 64.1
Q.II 76.8 75.0 79.7 94.0 70.5 92.2 77.6 56.5 78.0 100.0 67.8 0.0 69.4 70.8
Q.III 77.0 74.1 81.2 90.9 72.0 93.5 78.4 58.8 78.9 100.0 73.5 0.0 70.3 81.5
Q.IV 80.0 78.1 83.1 86.3 73.5 93.0 85.9 64.1 79.8 100.0 78.4 0.0 71.0 85.7
2013/14
Q.I 83.5 81.4 86.8 90.0 78.6 104.4 85.1 65.6 80.8 100.0 82.8 0.0 71.3 85.8
Q.II 84.7 82.3 88.4 93.9 82.0 105.0 86.2 67.9 81.3 100.0 82.5 0.0 74.0 86.2
Q.III 84.9 81.7 89.5 94.1 83.2 103.4 90.4 69.9 81.3 100.0 83.7 0.0 75.2 89.0
Q.IV 87.9 85.9 91.2 95.6 82.9 110.0 88.9 74.0 79.3 100.0 82.5 0.0 78.3 89.3
2014/15
Q.I 89.3 86.6 93.4 97.8 79.8 121.3 87.8 74.4 83.0 100.0 84.3 0.0 76.5 88.7
Q.II 86.1 84.0 89.5 97.7 80.7 102.1 87.8 75.3 84.3 100.0 85.2 0.0 79.0 86.0
Q.III 87.9 87.1 89.7 95.8 84.8 96.9 88.9 79.2 85.9 100.0 86.9 0.0 80.7 90.1
Q.IV 90.0 88.8 92.4 102.8 87.6 103.3 90.5 78.5 86.1 100.0 82.2 0.0 79.6 91.2
2015/16
Q.I 95.9 96.8 95.8 114.9 94.0 103.3 91.6 81.2 86.5 100.0 87.3 0.0 83.3 94.7
QII 94.9 93.2 97.9 111.0 92.3 106.2 92.8 82.0 100.5 100.0 89.9 0.0 89.0 98.0
QIII 94.7 93.1 97.6 105.4 92.0 105.6 95.9 84.4 100.7 100.0 90.0 0.0 92.3 90.4
QIV 97.9 98.0 97.7 111.6 93.0 100.9 98.6 87.9 91.3 100.0 91.5 0.0 92.5 92.4
2016/17
QI 99.9 101.1 97.8 108.9 96.9 98.9 97.4 90.1 95.5 100.0 92.6 0.0 94.3 92.3
QII 99.7 99.5 100.1 110.9 98.1 101.0 98.8 94.4 99.8 100.0 97.6 33.3 97.3 95.5
QIII 101.2 102.2 100.1 108.2 100.6 100.3 95.7 95.3 100.1 100.0 84.9 100.0 98.7 97.3
QIV 103.8 106.5 100.8 114.7 99.8 100.7 99.3 85.0 100.4 100.0 111.9 100.0 98.3 94.2
2017/18
QI 107.7 111.7 103.0 122.0 111.6 101.4 101.9 81.5 101.0 100.4 116.3 100.0 99.7 96.1
QII 108.1 109.3 106.6 129.7 115.3 103.7 113.4 74.3 102.9 100.4 124.6 100.0 103.6 97.8
QIII 108.7 110.1 107.0 132.4 124.4 95.3 120.8 86.4 125.1 100.3 126.0 100.0 115.9 98.6
QIV 116.5 120.6 111.8 134.7 128.1 95.4 125.7 96.4 134.4 115.8 128.8 100.0 140.1 101.7
2018/19
QI 122.5 127.8 116.3 129.2 131.2 104.9 127.9 95.9 134.5 115.2 130.1 100.0 142.6 103.1
QII 119.6 125.0 113.4 134.0 133.5 96.9 131.8 90.1 134.4 109.8 127.0 103.6 143.5 104.8
QIII 121.6 129.1 113.0 144.8 130.8 93.1 137.9 89.4 136.0 97.9 122.9 117.1 146.0 106.1
QIV 129.0 137.3 119.6 151.8 134.2 102.8 138.6 110.2 136.1 95.8 125.9 107.0 148.7 110.3
2019/20
QI 138.9 149.2 127.1 155.7 144.4 109.9 143.2 130.9 149.8 98.2 131.0 143.3 157.4 116.3
QII 139.8 147.6 130.7 153.5 152.8 118.6 145.5 105.2 130.9 105.4 149.7 158.9 165.6 111.8
QIII 149.0 159.3 137.2 190.5 153.0 124.0 140.0 89.3 151.3 121.7 152.2 163.0 160.4 116.6
QIV 165.7 181.3 147.8 250.2 159.3 132.4 151.9 94.0 148.7 120.0 144.8 145.2 150.6 118.6
2020/21
QI 173.7 192.1 152.5 269.9 157.7 135.2 150.2 111.3 175.6 115.2 146.0 146.1 152.9 112.0
QII 173.6 190.6 154.1 265.4 164.6 134.5 151.6 117.9 180.2 118.8 191.2 160.9 161.5 116.6
QIII 184.6 203.3 163.0 283.9 169.5 139.3 163.3 128.4 195.1 124.9 217.1 167.9 178.4 123.5
QIV 193.4 217.9 165.1 280.3 187.8 131.6 194.9 140.4 200.9 131.0 217.0 184.4 182.0 128.2
2021/22
QI 220.2 260.9 173.3 270.4 219.3 137.0 219.5 147.3 209.6 137.0 227.7 202.0 185.8 145.2
Source: Central Statistical Agency
 Table 22 (E6): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Equipment and Routine

Furnishings, Household

Recreation and Culture

Restaurants and Hotels

Alcoholic beverages &

Clothing & Foot-wear

Food & Non-alcoholic

Miscellaneous Goods
Electricity, Gas and

Maintenance of the

Communication
Non-Food Index

Housing,Water,
General Index

Other Fuels

Transport

Education
Tobacco

Health
Period

House
Index
HARARI
2009/10
Q.I 40.6 35.0 46.0 37.9 42.7 73.1 46.5 67.2 72.5 77.6 35.7 67.7 38.8 34.8
Q.II 41.1 35.1 46.9 38.8 43.8 71.5 49.7 83.6 74.1 79.3 37.9 71.8 39.2 35.1
Q.III 42.2 36.4 47.6 39.4 43.7 74.2 50.9 84.5 72.4 77.5 38.1 72.3 40.5 35.6
Q.IV 43.0 36.8 49.0 39.3 44.6 77.9 51.4 84.1 72.6 77.7 40.6 77.0 42.1 35.4
2010/11
Q.I 44.4 38.2 50.3 41.2 46.5 79.8 51.9 85.0 72.4 77.5 42.0 79.5 43.9 35.8
Q.II 47.6 40.8 54.3 45.3 50.2 87.1 54.3 87.5 80.4 86.0 44.5 84.3 45.2 37.6
Q.III 51.3 44.8 56.9 47.1 51.1 95.4 52.7 96.5 80.6 86.3 46.4 88.0 46.0 45.1
Q.IV 55.7 48.8 61.3 49.3 53.6 104.1 58.3 92.8 85.2 91.3 49.3 93.4 50.5 56.7
2011/12
Q.I 58.7 52.4 62.4 52.9 56.2 100.7 60.2 95.2 92.6 99.1 50.6 95.9 60.9 62.0
Q.II 61.0 54.8 65.6 52.9 59.8 100.5 61.5 95.2 93.0 99.6 52.2 99.0 62.3 70.3
Q.III 65.8 61.2 70.8 55.3 63.4 100.3 64.2 102.6 93.4 100.0 49.8 100.0 65.0 74.4
Q.IV 69.4 67.9 71.1 54.4 64.9 100.7 65.6 96.9 96.2 100.0 48.7 100.0 70.3 74.7
2012/13
Q.I 70.1 70.1 70.0 50.8 66.9 100.2 65.2 96.2 98.3 100.0 50.6 100.0 75.0 78.2
Q.II 71.3 71.1 71.7 52.4 71.2 100.3 68.9 106.3 103.8 100.0 51.4 100.0 74.9 78.0
Q.III 72.9 69.1 76.9 63.0 74.4 100.2 71.0 115.4 103.8 100.0 52.9 100.0 76.8 79.0
Q.IV 71.3 73.2 69.3 43.5 77.2 99.9 74.3 138.5 100.0 100.0 55.6 100.0 77.8 80.3
2013/14
Q.I 76.2 78.7 73.5 51.4 77.8 102.0 76.4 105.3 100.0 100.0 60.1 100.0 83.7 81.7
Q.II 77.9 78.4 77.3 55.7 80.1 109.0 77.8 100.0 100.0 100.0 61.9 100.0 84.4 83.5
Q.III 81.2 76.9 85.8 71.9 82.1 113.3 78.7 100.0 102.1 100.0 61.9 100.0 86.3 87.0
Q.IV 80.7 79.2 82.4 61.8 83.9 115.1 82.9 93.3 98.8 100.0 61.6 100.0 88.5 87.2
2014/15
Q.I 82.8 84.8 80.6 56.9 83.7 116.1 84.1 100.0 100.0 100.0 59.7 100.0 87.6 87.6
Q.II 83.3 85.8 80.6 57.4 84.8 114.4 83.4 86.6 100.0 100.0 59.9 100.0 90.6 89.2
Q.III 87.4 86.2 88.6 77.4 88.5 109.7 82.6 80.0 100.0 100.0 60.1 100.0 93.2 90.0
Q.IV 87.9 90.0 85.6 70.7 89.2 107.9 85.3 80.0 100.0 100.0 61.2 100.0 92.8 91.8
2015/16
Q.I 87.6 90.6 84.5 65.3 91.0 107.9 90.3 80.0 100.0 100.0 80.9 100.0 97.1 93.8
Q.II 89.4 92.1 86.4 68.7 91.6 107.8 94.4 106.0 100.0 100.0 61.1 100.0 97.6 98.0
QIII 105.6 92.7 119.4 145.9 93.2 102.6 96.8 120.2 100.0 100.0 97.8 100.0 95.3 104.1
QIV 96.1 97.3 94.8 90.0 94.3 100.1 98.5 100.0 100.0 100.0 99.6 100.0 96.8 99.1
2016/17
QI 97.8 102.3 93.1 84.4 99.0 100.0 97.5 116.5 100.0 100.0 99.7 100.0 99.2 99.2
QIII 97.4 100.7 93.9 85.8 102.3 99.9 98.8 104.3 100.0 100.0 99.5 100.0 97.6 100.6
QII 103.6 100.0 106.1 119.7 98.3 105.1 99.3 101.8 100.0 100.0 99.5 101.0 102.9 101.7
QIV 102.5 107.5 99.0 94.7 104.3 95.5 103.4 99.7 100.0 100.0 107.5 101.2 101.5 99.9
2017/18
QI 103.5 110.8 98.4 86.3 107.9 96.4 102.9 106.7 100.0 100.0 111.6 102.2 104.4 100.5
QII 105.1 110.6 101.3 91.6 111.3 94.0 110.1 106.4 102.3 100.0 111.3 115.5 108.1 104.4
QIII 112.7 110.1 114.4 131.7 115.5 99.6 116.0 111.7 111.7 100.0 113.5 119.2 113.2 106.5
QIV 114.6 116.0 113.6 120.1 115.3 101.4 122.2 111.3 111.7 100.0 114.6 120.3 117.6 113.3
2018/19
QI 116.0 123.5 110.8 93.8 121.4 107.3 128.6 110.9 111.6 100.0 110.4 135.6 121.7 116.9
QII 117.4 123.7 113.1 96.1 123.5 108.5 127.4 112.5 117.9 100.0 112.6 151.8 125.0 120.2
QIII 122.4 125.9 119.9 115.8 128.4 114.4 129.2 110.1 135.1 100.0 111.2 152.3 121.2 127.6
QIV 129.8 138.8 123.6 117.8 127.9 113.1 136.4 118.7 139.8 100.0 118.8 151.5 133.6 135.0
2019/20
QI 142.3 153.9 134.3 133.3 136.8 129.3 133.4 123.9 150.0 100.0 121.8 149.3 147.7 133.5
QII 145.9 160.0 136.0 106.0 136.3 155.8 132.2 139.7 150.0 100.0 138.3 137.6 161.6 133.6
QIII 151.8 159.2 146.6 128.9 140.7 166.1 134.0 144.9 156.0 100.0 143.8 139.8 170.7 139.8
QIV 162.0 173.0 154.4 140.7 141.6 156.6 142.3 150.3 320.1 100.0 142.9 130.3 171.6 144.7
2020/21
QI 178.4 189.7 170.5 175.1 143.0 172.2 151.8 156.8 423.3 100.0 129.9 129.3 170.4 157.7
QII 179.7 192.4 170.8 176.1 138.0 190.2 154.7 160.5 258.7 100.0 136.2 155.4 178.9 167.9
QIII 182.2 193.2 174.6 176.3 144.9 203.6 154.9 173.2 225.3 100.0 140.8 151.8 182.0 178.2
QIV 194.2 214.3 180.0 180.6 166.0 195.0 173.1 186.1 240.4 100.0 148.0 159.1 186.7 182.9
2021/22
QI 215.3 249.1 191.7 182.7 174.8 201.8 189.1 213.2 240.3 100.0 147.8 168.2 220.8 202.3
Source: Central Statistical Agency
 Table 22 (E7): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Maintenance of the House

Housing,Water,Electricit

Equipment and Routine

Furnishings, Household

Recreation and Culture

Restaurants and Hotels

y,Gas and Other Fuels
Alcoholic beverages &

Clothing & Foot-wear

Food & Non-alcoholic

Miscellaneous Goods
Communication
Non-Food Index
General Index

Education
Transport
Tobacco

Health
Period

Index OROMIA
2009/10
Q.I 40.6 41.0 40.0 43.7 33.5 41.9 37.6 42.6 59.9 56.9 37.4 55.5 35.0 44.4
Q.II 40.1 39.3 41.6 44.3 35.1 43.8 39.0 43.4 65.1 61.9 38.4 56.9 36.5 44.7
Q.III 41.2 39.7 43.8 45.7 38.0 46.1 41.8 46.1 68.8 65.4 40.8 60.5 36.9 46.7
Q.IV 41.9 39.9 45.3 47.0 39.4 47.5 43.8 47.5 69.9 66.4 42.0 62.3 38.5 48.5
2010/11
Q.I 42.9 40.6 46.8 47.9 40.9 49.4 45.3 47.8 70.7 67.2 43.6 64.7 39.2 50.2
Q.II 45.7 43.2 50.0 53.4 43.5 51.5 50.1 50.4 77.3 73.4 52.5 77.8 42.6 54.9
Q.III 50.3 48.2 54.1 55.9 48.8 55.8 51.7 52.4 93.2 88.5 54.7 81.2 44.0 58.7
Q.IV 57.4 57.4 57.4 61.0 51.8 58.0 55.5 53.3 108.0 102.6 56.2 83.4 48.6 61.5
2011/12
Q.I 61.1 62.1 59.5 63.6 53.5 58.4 59.5 55.6 108.8 103.4 60.9 90.4 52.5 66.0
Q.II 64.1 65.1 62.5 65.3 59.1 59.1 62.9 57.4 104.2 99.0 65.0 96.4 55.9 72.9
Q.III 69.1 70.3 67.8 70.8 66.4 63.9 68.8 58.5 105.8 100.0 66.8 100.0 58.3 77.5
Q.IV 73.5 76.1 70.6 67.5 71.3 67.0 72.5 59.5 106.4 100.0 67.3 100.0 64.3 78.9
2012/13
Q.I 74.2 76.4 71.9 63.1 72.7 69.6 72.9 60.2 105.6 100.0 69.2 100.0 67.9 82.8
Q.II 74.1 75.0 73.0 67.8 69.9 70.3 75.6 67.9 106.5 100.0 63.0 100.0 69.9 84.5
Q.III 74.3 74.7 73.9 71.4 72.8 70.7 75.8 70.8 98.6 100.0 60.4 100.0 70.3 86.0
Q.IV 75.4 75.7 75.1 68.4 74.2 72.8 77.9 73.5 98.9 100.0 60.3 100.0 72.6 86.3
2013/14
Q.I 78.6 79.2 77.9 68.5 78.6 76.5 79.6 70.2 98.7 100.0 75.3 100.0 75.5 88.3
Q.II 79.9 81.3 78.4 74.3 82.0 73.3 80.7 77.7 98.9 100.0 78.5 100.0 76.0 89.1
Q.III 80.1 79.0 81.4 81.7 83.2 77.4 83.7 79.9 100.9 100.0 74.5 100.0 76.6 89.0
Q.IV 83.0 82.4 83.6 79.6 85.0 82.2 84.9 83.3 101.6 100.0 67.9 100.0 78.9 89.6
2014/15
Q.I 86.0 87.0 84.8 84.6 87.6 81.8 86.4 80.8 101.5 100.0 78.5 100.0 79.6 90.1
Q.II 87.3 87.7 86.9 87.8 90.9 84.5 88.2 81.1 101.1 100.0 79.2 100.0 80.0 91.4
Q.III 91.0 91.3 90.7 97.8 93.4 89.1 90.3 84.3 99.8 100.0 80.2 100.0 82.1 92.6
Q.IV 96.0 98.3 93.4 99.0 95.0 94.3 91.9 84.0 98.9 100.0 81.0 100.0 84.5 93.9
2015/16
Q.I 100.0 105.6 93.6 95.6 96.6 93.5 93.3 87.1 99.1 102.4 83.5 100.0 87.3 94.6
Q.II 99.6 104.0 94.7 97.3 97.5 93.3 95.2 93.9 98.8 100.0 88.7 100.0 89.8 96.1
QIII 98.8 100.5 96.9 102.7 98.9 95.0 98.7 93.9 99.1 100.0 92.0 100.0 91.7 97.2
QIV 100.7 102.7 98.4 90.9 99.8 101.2 99.1 98.1 96.1 100.0 95.4 100.0 94.3 98.8
2016/17
QI 101.9 104.9 98.5 85.5 99.0 102.5 99.8 94.7 98.8 100.0 96.1 100.0 96.7 99.9
QII 100.8 101.8 99.7 95.9 100.0 101.2 99.8 99.1 99.6 100.0 100.2 100.0 98.5 99.4
QIII 102.3 101.6 103.2 104.1 102.0 105.3 101.2 106.5 100.6 99.4 99.4 101.4 100.7 101.3
QIV 105.6 108.8 101.4 93.4 104.0 99.7 108.5 112.8 102.8 99.0 109.5 105.1 101.3 101.6
2017/18
QI 110.0 112.9 106.1 96.9 130.6 105.3 110.7 67.7 106.3 99.3 110.4 115.8 101.2 101.2
QII 114.2 116.2 111.6 99.0 133.8 115.7 116.4 69.5 111.3 100.2 112.6 114.5 102.8 101.9
QIII 116.4 116.6 116.2 106.6 143.8 117.3 122.8 70.6 115.1 102.5 115.5 119.1 108.0 105.8
QIV 121.1 120.3 122.1 100.0 157.0 126.3 129.1 71.8 115.9 101.3 117.4 120.0 115.5 111.9
2018/19
QI 125.1 123.7 126.9 103.4 164.8 130.4 135.8 75.0 119.4 102.6 119.2 130.2 122.6 114.9
QII 125.8 124.5 127.6 106.6 164.8 128.9 137.2 75.3 126.0 102.8 120.9 132.6 125.2 115.9
QIII 130.1 128.0 132.7 119.2 175.0 130.9 143.0 77.9 142.9 102.1 123.2 133.5 120.5 120.9
QIV 138.4 143.1 132.5 117.1 171.8 127.6 147.6 81.4 146.0 103.6 123.7 137.1 124.0 130.1
2018/19
QI 146.1 152.2 138.1 117.2 180.0 135.3 153.0 85.4 148.7 102.9 122.4 141.2 131.9 134.0
QII 148.8 154.8 141.1 125.3 183.0 136.7 152.0 93.5 149.9 101.8 137.6 133.3 138.0 138.1
QIII 154.6 160.7 146.7 127.6 178.9 149.4 153.0 95.6 159.0 100.7 134.0 136.4 142.4 144.6
QIV 165.5 175.5 152.7 147.7 190.3 140.8 156.4 124.8 211.0 102.3 131.4 139.6 148.1 148.3
2020/21
QI 173.8 187.6 156.2 145.1 190.6 144.4 159.0 121.8 244.2 101.3 137.4 147.8 151.6 152.5
QII 175.2 189.3 157.0 149.8 201.0 144.1 158.2 141.8 190.4 100.6 151.6 144.5 159.5 159.0
QIII 186.9 198.5 172.0 159.3 210.9 163.5 175.4 165.3 220.5 101.9 167.0 146.0 166.2 168.2
QIV 202.6 221.1 178.9 164.2 226.9 152.7 204.8 184.2 255.0 104.1 180.3 157.8 174.2 195.0
2021/22
QI 234.8 264.2 197.1 184.1 244.7 176.9 229.3 206.9 246.8 106.4 197.5 173.3 184.9 204.5
Source: Central Statistical Agency
Table 22 (E8): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Food & Non-alcoholic Index

Housing, Water, Electricity,

Maintenance of the House

Equipment and Routine
Furnishings, Household

Recreation and Culture

Restaurants and Hotels

Alcoholic beverages &

Clothing & Foot-wear

Miscellaneous Goods
Gas and Other Fuels

Communication
Non-Food Index
General Index

Education
Transport
Tobacco

Health
Period

SNNPR
2009/10
Q.I 39.8 37.2 42.3 39.0 34.6 44.6 43.3 34.8 56.7 77.4 50.0 76.9 33.2 47.6
Q.II 40.7 37.0 45.1 39.7 36.5 48.4 45.0 36.0 61.1 83.5 51.4 79.0 35.0 54.4
Q.III 41.2 36.8 46.7 41.9 38.8 49.5 47.5 38.4 63.6 86.9 49.8 76.6 35.9 58.0
Q.IV 41.2 35.8 48.5 46.2 40.4 51.3 49.4 40.0 65.1 88.9 50.9 78.3 37.3 58.6
2010/11
Q.I 41.8 35.9 49.9 44.8 42.8 52.5 51.6 39.2 64.9 88.7 53.2 81.9 37.9 59.3
Q.II 44.6 38.2 53.3 50.4 46.0 56.4 54.3 41.5 68.9 94.1 57.3 88.2 41.1 64.1
Q.III 50.2 44.6 57.1 51.8 49.9 61.4 58.6 42.4 74.0 101.1 58.0 89.2 43.3 67.8
Q.IV 58.5 55.5 60.8 58.8 54.1 64.4 61.2 44.2 84.5 115.5 58.9 90.6 50.7 71.7
2011/12
Q.I 63.7 59.5 67.8 66.1 56.1 64.0 64.3 45.4 340.0 464.6 61.6 94.8 55.1 75.0
Q.II 63.8 61.0 65.4 64.1 59.5 66.9 67.8 46.1 82.1 112.1 63.8 98.1 59.0 78.1
Q.III 68.9 66.4 70.0 65.7 63.6 72.6 71.0 46.9 81.8 112.4 67.7 99.0 64.2 82.5
Q.IV 73.3 72.9 71.1 66.2 66.4 72.4 73.8 48.3 82.0 112.4 68.8 99.0 68.0 84.6
2012/13
Q.I 76.3 74.7 75.9 69.7 70.4 79.7 77.2 50.8 80.3 112.5 72.6 99.0 70.9 85.8
Q.II 77.7 73.8 80.6 71.1 73.9 86.2 78.9 78.9 83.3 112.8 75.8 99.0 72.5 81.9
Q.III 78.2 74.4 80.9 73.6 75.6 85.1 80.2 71.7 86.1 112.7 78.7 99.0 73.2 87.5
Q.IV 79.8 76.1 82.2 76.1 77.9 85.5 81.9 70.2 87.3 112.4 79.9 100.0 75.4 89.9
2013/14
Q.I 83.3 79.2 86.1 78.0 80.2 92.3 83.3 71.7 91.3 112.4 80.6 100.0 77.7 90.9
Q.II 84.0 78.7 88.8 78.6 81.5 97.2 84.0 75.0 89.5 112.4 82.0 100.0 78.9 91.8
Q.III 85.2 79.6 90.3 80.1 83.1 99.0 86.5 77.3 86.5 112.4 80.0 100.0 80.2 92.5
Q.IV 86.9 81.6 91.6 83.0 99.3 89.0 77.9 88.5 112.4 81.4 100.0 81.0 93.0 93.0
2014/15
Q.I 87.3 81.8 91.8 84.9 98.3 89.5 79.6 85.6 112.4 86.5 100.0 82.3 93.3 93.3
Q.II 87.0 81.3 91.6 85.3 89.2 96.3 90.9 80.5 87.8 112.4 90.3 100.0 82.8 94.8
Q.III 88.7 83.7 92.8 88.3 91.6 97.2 91.4 84.2 82.3 112.4 88.4 100.0 83.3 95.3
Q.IV 91.3 90.5 92.0 90.4 92.1 94.1 92.7 85.4 78.1 112.8 87.9 100.0 84.5 95.7
2015/16
Q.I 92.9 92.4 93.2 89.9 92.1 95.6 94.3 84.3 81.6 113.8 96.5 100.0 89.1 96.4
Q.II 92.1 88.9 94.8 92.6 93.5 96.7 96.5 87.1 84.4 112.9 91.8 100.0 91.5 97.1
QIII 94.2 91.5 96.3 93.8 95.0 98.9 98.1 89.3 84.2 104.2 95.5 100.0 91.8 98.3
QIV 97.9 96.3 99.3 95.1 95.0 103.9 99.8 93.6 86.4 112.4 96.3 100.0 94.1 98.3
2016/17
QII 99.1 98.7 99.5 99.2 97.5 100.7 101.2 96.3 93.9 100.0 100.2 100.0 98.2 99.3
QIII 102.1 102.1 102.1 105.8 97.9 101.2 104.1 101.7 111.2 100.0 99.5 108.3 100.7 101.0
QIV 110.2 114.7 104.3 98.2 101.0 102.8 118.1 104.5 105.7 100.2 115.5 103.4 103.4 103.6
2017/18
QI 113.9 119.3 107.0 102.6 105.5 105.5 121.9 103.3 106.8 99.9 119.1 109.6 107.0 104.8
QII 115.6 118.8 111.6 104.7 108.9 113.2 124.0 109.3 107.3 100.0 115.6 111.9 111.0 106.2
QIII 118.2 118.6 117.8 111.9 114.6 118.7 130.2 113.5 110.6 100.5 119.2 115.9 124.8 114.0
QIV 123.4 125.5 120.5 114.5 119.8 118.4 139.1 119.0 114.2 100.6 122.7 113.8 131.8 118.8
2018/19
QI 126.7 129.5 123.2 116.4 122.7 120.9 143.5 116.1 115.6 89.0 125.5 119.5 134.3 121.8
QII 126.0 128.5 122.8 121.0 126.6 116.3 145.0 119.8 116.2 65.0 128.1 131.3 137.6 124.9
QIII 128.3 129.0 127.4 128.5 130.0 119.3 149.3 122.8 119.7 67.5 130.0 130.5 141.3 129.3
QIV 137.0 141.5 131.1 130.4 130.6 123.5 152.0 122.2 126.9 68.5 132.6 135.8 147.5 135.6
2018/19
QI 146.3 153.2 137.4 130.7 128.4 131.7 155.0 125.1 134.3 73.2 136.9 139.9 155.9 140.3
QII 154.0 158.9 147.7 130.5 124.1 154.3 157.6 128.2 140.6 70.6 149.3 137.0 163.3 144.2
QIII 161.7 162.8 160.3 134.7 127.5 181.1 159.8 129.4 141.6 69.0 148.2 135.0 167.7 149.8
QIV 179.2 183.1 174.3 169.6 131.1 198.4 160.5 133.1 177.3 69.7 151.3 134.5 173.7 154.8
2020/21
QI 189.9 196.2 181.8 172.0 134.9 207.4 164.0 136.0 205.3 70.4 150.5 128.6 179.4 156.6
QII 193.7 202.3 182.7 172.9 138.9 210.8 164.8 140.9 171.8 70.5 165.7 144.3 185.4 162.0
QIII 207.1 211.6 201.2 183.4 147.5 229.1 180.2 146.5 252.8 72.1 179.7 148.6 193.9 173.3
QIV 231.9 246.9 212.4 195.5 159.2 239.5 211.2 165.8 221.2 73.5 196.5 147.6 214.1 186.3
2021/22
QI 259.9 291.3 219.2 208.8 170.9 237.5 232.9 176.4 226.1 73.3 209.1 156.1 238.1 201.3
Source: Central Statistical Agency
 Table 22 (E9): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Equipment and Routine

Housing,Water,Electrici

Furnishings, Household

Recreation and Culture

Restaurants and Hotels

ty,Gas and Other Fuels
Alcoholic beverages &
Food & Non-alcoholic

Clothing & Foot-wear

Miscellaneous Goods
Maintenance of the

Communication
Non-Food Index
General Index

Education
Transport
Tobacco

Health
Period

House
Index
SOMALI
2009/10
Q.I 36.9 42.3 31.2 30.95 38.8 23.1 44.6 35.8 47.1 59.4 33.6 66.1 37.5 39.5
Q.II 37.9 42.7 33.2 31.31 42.5 24.7 46.2 41.9 49.0 61.8 35.0 68.8 41.2 41.6
Q.III 39.0 43.1 35.6 32.02 44.2 27.7 48.2 48.4 52.0 65.5 35.9 70.5 42.2 44.9
Q.IV 39.1 42.9 36.1 33.99 44.7 28.1 48.1 49.7 53.6 67.5 36.4 71.7 43.0 45.5
2010/11
Q.I 39.7 43.3 37.2 34.80 46.5 29.2 49.3 49.1 54.6 68.8 36.9 72.7 44.0 46.2
Q.II 44.8 50.2 39.6 35.80 50.8 30.6 52.9 50.6 56.8 71.6 43.3 85.2 46.2 52.4
Q.III 47.6 54.0 41.3 36.11 53.5 31.5 56.5 54.1 62.5 78.7 48.2 94.8 48.8 54.8
Q.IV 52.5 59.8 44.8 37.47 58.3 35.0 61.6 57.9 75.9 95.7 48.7 95.9 54.4 54.6
2011/12
Q.I 55.0 62.5 47.4 44.58 61.0 36.3 62.5 60.4 77.9 98.1 50.8 99.9 56.3 56.5
Q.II 57.3 64.5 50.4 46.46 64.4 39.5 69.2 56.5 77.7 97.9 49.0 96.3 63.2 57.8
Q.III 62.4 70.3 54.6 52.88 71.2 42.0 72.6 58.6 79.3 100.0 51.7 100.0 68.0 67.5
Q.IV 63.8 73.5 54.3 46.65 74.1 42.5 81.2 60.4 79.3 100.0 51.5 100.0 69.8 67.0
2012/13
Q.I 65.8 74.5 57.2 44.01 78.7 48.2 87.2 61.4 79.3 100.0 56.8 100.0 71.4 71.3
Q.II 69.7 78.0 61.6 45.37 82.4 54.7 91.6 70.7 87.5 100.0 69.5 100.0 75.9 73.3
Q.III 69.3 77.5 61.2 46.37 82.8 52.8 91.0 74.0 87.3 100.0 72.3 100.0 76.0 77.4
Q.IV 71.7 78.8 64.7 56.28 85.3 52.9 92.3 75.2 90.3 100.0 75.2 100.0 80.7 80.5
2013/14
Q.I 72.6 80.3 65.1 54.09 83.8 55.3 91.6 77.2 89.3 100.0 77.8 100.0 81.8 85.3
Q.II 76.2 82.2 70.4 62.01 84.4 60.7 98.7 77.5 100.0 100.0 75.8 100.0 82.5 84.0
Q.III 78.9 83.5 74.4 72.32 83.0 64.6 94.4 81.6 103.2 100.0 73.1 100.0 82.5 83.5
Q.IV 79.5 83.0 76.1 76.87 83.1 66.1 92.3 89.4 97.2 100.0 74.4 100.0 86.4 84.4
2014/15
Q.I 81.1 85.8 76.5 77.58 83.0 66.5 92.0 86.1 100.0 100.0 75.3 100.0 86.4 84.8
Q.II 81.3 86.3 76.5 74.99 86.1 67.0 92.7 93.5 100.0 100.0 79.8 100.0 87.8 84.5
Q.III 84.6 87.0 82.2 86.71 89.2 72.4 90.3 94.7 100.0 100.0 81.3 100.0 88.1 87.9
Q.IV 90.5 89.6 91.4 101.60 90.8 84.0 90.5 98.4 104.6 100.0 80.0 100.0 89.5 89.2
2015/16
Q.I 90.7 89.3 92.0 96.54 94.6 86.7 96.4 111.6 95.4 100.0 83.3 100.0 89.6 93.1
Q.II 88.4 91.3 85.5 91.42 96.6 73.5 93.4 107.2 100.0 100.0 81.4 100.0 90.1 98.1
QIII 92.0 93.4 90.7 109.44 98.7 73.4 94.7 105.6 100.0 100.0 82.7 100.0 90.9 97.1
QIV 91.5 93.2 89.9 101.42 100.8 74.6 100.4 107.8 100.0 100.0 87.3 100.0 92.3 100.1
2016/17
QI 92.3 95.1 89.6 88.57 102.3 82.4 98.9 107.4 100.0 100.0 82.1 100.0 94.7 95.7
QII 96.7 99.5 94.0 94.32 100.9 88.8 101.4 101.5 100.0 100.0 100.0 100.0 98.1 99.6
QIII 102.7 102.8 102.5 109.02 100.1 100.1 101.4 99.5 104.3 100.1 100.0 97.1 100.2 94.5
QIV 101.6 104.7 98.1 89.46 103.0 99.1 105.2 107.4 112.5 100.1 140.3 109.2 104.1 97.0
2017/18
Qtr.I 104.8 106.9 102.5 101.79 109.4 97.5 110.1 114.0 113.2 100.0 129.6 107.4 114.2 98.2
Qtr. II 111.8 113.9 109.5 123.39 113.2 98.5 108.3 120.4 113.4 100.6 137.8 125.4 104.2 105.6
Qtr. III 112.5 114.4 110.5 124.6 112.1 98.5 112.4 118.3 113.3 100.6 153.0 133.0 116.4 109.2
Qtr. IV 112.5 119.7 104.5 92.4 123.4 97.9 122.2 142.0 114.1 100.6 154.3 125.9 119.7 122.2
2018/19
Qtr.I 120.6 129.0 111.4 105.4 128.1 101.6 130.9 145.6 112.7 102.3 154.6 129.3 129.0 128.4
Qtr. II 119.9 128.6 110.2 95.6 149.4 98.6 125.4 155.1 122.6 101.9 156.9 133.0 132.8 124.2
Qtr. III 123.3 131.9 113.8 103.7 149.1 100.8 126.9 143.8 142.0 103.1 157.3 134.2 131.2 126.2
Qtr. IV 133.2 140.6 125.0 123.4 152.3 107.0 151.6 145.7 143.3 103.8 158.0 139.6 134.3 148.9
2018/19
Qtr.I 145.3 155.1 134.4 133.3 161.4 122.2 137.5 133.2 177.3 103.2 162.6 158.6 144.1 152.4
Qtr.II 150.4 162.3 137.1 131.3 168.5 127.9 133.2 146.3 178.6 103.0 187.6 191.6 155.7 151.3
Qtr.III 148.6 158.7 137.5 119.2 176.8 134.7 132.3 133.1 184.2 102.8 200.5 201.3 158.5 154.7
Qtr.IV 153.8 161.5 145.1 151.7 179.0 128.4 133.9 131.4 209.2 102.8 193.7 203.7 157.3 154.2
2020/21
Qtr.I 157.1 166.3 146.9 132.9 196.9 133.6 135.7 137.3 281.7 103.1 197.6 187.6 166.7 168.0
Qtr.II 161.3 167.5 154.4 161.3 184.2 135.8 143.4 141.7 243.6 103.0 213.1 210.9 181.3 176.8
Qtr.III 172.0 183.3 159.5 158.4 182.4 146.6 163.1 156.2 245.9 103.5 227.0 212.2 178.1 182.1
Qtr.IV 191.9 206.8 175.4 161.0 195.2 179.9 173.8 154.8 243.5 103.8 225.2 200.9 181.4 193.0
2021/22
QI 210.0 235.9 181.4 183.7 216.3 158.7 206.3 165.4 259.0 104.4 260.3 217.0 199.8 214.1
Source: Central Statistical Agency
Table 22 (E10): Regional States' Consumer Price Indices (Non-Food)
December 2016 = 100

Electricity, Gas and Other

Maintenance of the House

Equipment and Routine

Recreation and Culture

Furnishings, Household

Restaurants and Hotels

Alcoholic beverages &

Clothing & Foot-wear

Food & Non-alcoholic

Miscellaneous Goods
Communication
Housing, Water,
Non-Food Index
General Index

Transport

Education
Tobacco

Health
Period

Index

Fuels
TIGRAY
2009/10
Q.I 40.3 49.3 32.3 44.5 29.2 26.8 33.5 46.4 59.9 59.1 30.7 56.5 39.4 47.6
Q.II 41.0 49.6 33.6 44.8 30.9 27.5 35.4 48.6 65.9 65.1 29.5 54.3 40.6 49.3
Q.III 40.8 48.4 34.5 47.7 32.0 27.7 37.9 52.1 69.2 68.4 30.7 56.6 41.6 49.8
Q.IV 42.1 49.9 35.5 47.5 33.7 28.3 38.6 54.3 71.7 70.9 32.0 59.0 42.7 50.1
2010/11
Q.I 42.2 49.9 35.8 49.1 35.3 27.4 38.9 52.9 71.2 70.4 34.1 62.8 43.2 51.1
Q.II 42.9 48.9 38.3 50.1 38.9 28.4 40.7 56.2 77.0 76.1 37.8 69.6 45.0 58.1
Q.III 44.7 50.5 40.6 50.0 41.9 29.9 43.0 56.9 84.6 83.6 38.4 70.9 46.5 60.1
Q.IV 50.4 58.5 44.0 55.0 47.0 31.6 45.8 60.3 98.3 97.2 41.6 76.7 53.7 63.7
2011/12
Q.I 54.7 64.6 46.5 65.1 49.9 33.0 48.8 58.4 98.6 97.4 43.0 79.2 59.2 67.7
Q.II 57.5 67.0 49.8 69.5 55.0 34.1 53.3 63.2 94.8 93.7 45.7 84.3 62.2 74.5
Q.III 60.2 69.8 52.8 70.8 59.3 34.9 57.4 69.0 95.9 94.7 47.3 84.0 69.3 79.0
Q.IV 63.9 76.2 54.6 72.2 63.0 35.7 60.0 66.7 98.5 94.7 47.8 84.0 71.8 82.2
2012/13
Q.I 68.1 81.0 58.4 73.8 66.1 40.0 63.1 70.6 99.2 94.7 50.6 84.0 78.8 83.3
Q.II 68.6 78.9 60.8 75.6 69.3 41.9 63.3 70.2 99.1 94.7 64.3 84.0 85.3 83.9
Q.III 68.6 77.9 61.5 81.2 72.2 41.9 62.3 68.5 99.1 94.7 64.2 84.0 86.0 86.3
Q.IV 72.1 81.9 64.6 83.1 76.3 44.8 70.5 73.5 94.5 94.7 65.9 84.0 86.7 87.6
2013/14
Q.I 76.0 89.7 65.6 86.0 78.5 44.9 70.8 71.3 90.7 94.7 67.8 84.0 90.8 90.8
Q.II 75.4 86.9 66.6 87.0 80.7 45.2 72.2 74.0 101.4 94.7 66.6 84.0 90.1 90.8
Q.III 74.6 82.0 69.0 86.7 82.5 48.9 76.2 78.0 100.5 94.7 67.4 84.0 91.5 89.9
Q.IV 74.9 84.4 67.7 91.7 83.0 46.0 72.8 81.3 103.4 94.7 66.2 86.8 92.9 86.9
2014/15
Q.I 76.5 85.9 69.3 95.9 84.9 50.7 72.5 80.2 104.7 94.7 66.2 89.1 82.1 91.2
Q.II 79.9 86.5 74.9 98.0 86.8 58.9 74.3 86.5 105.8 94.7 68.1 90.3 91.7 94.2
Q.III 78.3 83.8 74.1 99.6 88.8 55.1 76.8 94.5 104.7 94.7 69.2 91.8 92.6 94.3
Q.IV 80.6 85.1 77.2 98.1 88.4 61.5 80.1 86.3 102.3 94.7 70.3 93.4 93.4 95.5
2015/16
Q.I 83.6 92.0 77.2 93.8 92.5 60.5 78.6 84.9 102.3 97.5 71.5 94.5 94.2 97.8
Q.II 86.9 96.4 78.0 98.8 93.3 60.9 79.4 89.0 101.9 98.9 74.2 95.9 95.0 96.3
QIII 89.7 96.4 84.6 102.6 94.0 74.8 81.8 87.6 101.3 100.9 76.9 97.1 95.0 95.4
QIV 94.8 98.9 91.7 99.1 95.6 90.4 81.3 100.3 101.4 100.1 76.0 98.5 94.9 98.1
2016/17
QI 97.5 105.3 91.6 100.1 98.5 89.4 82.6 98.2 100.4 100.0 77.3 99.5 92.7 97.6
QII 100.1 103.3 97.7 98.9 99.3 99.8 90.3 101.4 99.7 100.1 91.3 100.0 93.8 98.9
QIII 100.2 101.1 99.4 103.4 97.7 102.7 97.2 101.6 102.0 100.0 95.8 100.0 93.5 101.1
QIV 102.5 104.8 100.5 94.6 92.8 103.1 102.5 106.5 102.8 100.0 84.0 83.3 99.8 105.1
2017/18
QI 110.9 111.5 110.3 103.7 100.6 119.1 101.0 107.8 106.1 100.0 83.3 61.6 115.6 104.3
QII 110.6 115.0 106.9 108.0 101.7 103.8 104.3 106.6 108.9 100.0 82.2 87.6 119.7 107.4
QIII 113.8 119.2 109.2 104.9 105.5 107.6 111.5 105.8 109.6 100.0 82.8 86.9 119.5 108.3
QIV 120.6 126.2 115.8 111.7 114.7 113.7 117.3 111.8 113.2 100.0 87.1 120.9 126.8 116.7
2018/19
QI 127.8 135.7 121.1 122.0 115.0 122.3 120.5 132.8 112.9 100.0 87.6 73.4 132.1 119.2
QII 134.4 144.7 125.6 119.9 120.7 127.5 126.3 130.1 110.7 100.0 92.6 117.2 139.9 120.2
QIII 137.4 145.5 130.5 122.3 127.8 131.3 128.1 137.5 115.3 100.0 96.2 132.1 149.4 123.7
QIV 146.4 155.9 138.3 132.3 130.3 147.1 132.2 131.9 110.0 100.0 96.6 115.4 154.9 131.0
2019/20
QI 157.7 171.6 145.9 143.5 138.1 152.9 137.7 132.1 106.6 100.0 103.5 103.6 172.5 136.8
QII 164.1 175.1 154.8 145.6 150.5 165.6 145.3 155.2 120.3 100.0 117.1 133.0 172.9 145.4
QIII 170.3 181.4 160.9 166.0 149.8 175.8 152.2 161.6 115.6 100.0 117.1 127.2 174.3 156.1
QIV 186.3 205.5 170.2 194.2 156.7 182.7 156.0 169.4 137.0 100.0 121.5 119.9 189.7 158.5
2020/21
QI 200.4 228.2 176.8 200.5 152.7 186.7 156.9 169.7 141.0 100.0 122.5 127.8 212.5 167.9
QII 213.8 239.2 192.3 264.6 179.3 194.6 154.0 168.3 116.2 100.0 122.7 160.6 248.4 183.2
QIII 213.8 239.2 192.3 264.6 179.3 194.6 154.0 168.3 116.2 100.0 122.7 160.6 248.4 183.2
QIV 213.8 239.2 192.3 264.6 179.3 194.6 154.0 168.3 116.2 100.0 122.7 160.6 248.4 183.2
2021/22
QI 213.8 239.2 192.3 264.6 179.3 194.6 154.0 168.3 116.2 100.0 122.7 160.6 248.4 183.2
Source: Central Statistical Agency
Table 22 (F1): Regional States' Consumer Price Index (Food)
December 2016 = 100

Food & Non-alcoholic Beverages

Sugar jam, honey, chocolate and

Non-Alcoholic Beverages
Milk, Cheese & Egg

confectionery (ND)
Bread & Cereals

Fish & Sea Food

Food products
Oils & Fats

Vegetables
Period

Fruits
Meat AFAR
2009/10
Q.I 41.7 52.6 24.1 35.6 49.0 43.9 43.9 57.3 30.4 41.4
Q.II 43.7 53.1 24.4 41.6 48.3 40.8 40.8 59.6 37.2 43.3
Q.III 43.6 52.0 26.7 40.8 50.0 38.2 38.2 63.7 38.1 47.8
Q.IV 43.9 50.9 28.1 40.8 54.4 44.1 44.2 65.4 53.6 47.5
2010/11
Q.I 44.8 52.0 30.9 41.0 54.9 51.8 51.8 62.2 57.1 46.8
Q.II 47.1 50.6 33.0 42.8 63.8 53.3 53.3 65.3 48.9 55.4
Q.III 50.6 54.3 32.6 49.1 68.7 52.8 52.8 60.6 46.7 69.6
Q.IV 54.4 62.6 36.3 44.8 70.5 57.3 57.3 63.5 76.2 74.5
2011/12
Q.I 58.6 67.8 41.4 45.7 67.3 58.2 58.2 68.1 93.6 76.0
Q.II 64.5 74.8 41.1 55.8 67.5 55.4 55.5 74.6 91.3 85.0
Q.III 71.1 78.1 44.9 57.4 67.5 57.1 64.1 74.5 84.7 99.8
Q.IV 75.6 81.4 56.7 61.4 68.6 56.9 76.6 80.0 95.2 93.5
2012/13
Q.I 79.7 85.6 64.7 69.6 69.0 60.6 79.2 84.3 86.1 95.9
Q.II 79.7 86.3 62.4 75.2 68.5 61.9 71.1 80.6 82.0 92.0
Q.III 77.0 83.0 66.9 74.5 68.2 65.2 59.4 83.9 85.0 86.6
Q.IV 78.4 85.2 75.9 74.8 71.1 72.4 66.1 85.4 72.9 83.7
2013/14
Q.I 84.4 91.9 75.3 78.6 70.3 71.8 87.9 86.3 74.3 81.5
Q.II 84.3 96.1 73.5 81.7 70.4 73.3 64.6 86.0 80.3 83.4
Q.III 82.9 91.5 76.5 80.4 71.4 77.0 66.5 86.3 78.3 87.8
Q.IV 85.8 90.5 79.7 81.2 75.7 78.1 76.0 84.4 96.6 97.4
2014/15
Q.I 87.7 90.5 78.9 79.5 80.5 85.5 76.1 94.8 124.9 100.4
Q.II 87.3 88.9 81.4 79.0 74.7 83.9 81.3 105.9 111.2 104.2
Q.III 87.6 89.5 82.9 80.3 82.1 86.2 80.1 102.4 108.8 99.3
Q.IV 94.0 88.0 83.6 87.2 92.1 88.6 87.6 95.9 185.9 98.8
2015/16
Q.I 103.7 92.3 86.8 87.9 99.4 98.2 103.6 86.7 296.9 97.7
Q.II 101.8 94.6 80.8 88.4 92.4 96.9 110.3 81.2 244.1 96.2
Q.III 99.6 98.7 85.5 93.8 86.4 102.5 104.2 84.9 159.5 96.6
Q.IV 101.6 95.6 96.3 101.0 88.9 100.9 118.8 86.3 142.8 96.3
2016/17
QI 104.0 99.0 97.9 97.1 93.4 100.7 135.7 85.1 137.8 97.7
QII 103.8 101.3 98.7 100.0 106.6 95.7 100.5 110.3 92.8 115.4 102.4
QIII 102.3 100.4 99.6 102.6 102.5 103.3 101.6 105.5 100.8 112.0 103.0
QIV 105.2 102.1 101.8 103.3 100.9 114.9 100.6 114.0 102.3 136.6 102.3
2017/18
QI 109.8 111.3 103.7 109.6 101.4 115.8 102.8 120.5 102.9 137.9 104.6
QII 115.8 119.6 118.4 116.3 103.4 107.1 105.8 126.4 115.2 139.3 112.7
QIII 117.0 120.5 127.9 137.4 104.5 113.5 109.2 117.8 125.4 141.4 112.9
QIV 116.2 121.3 139.0 157.3 105.5 98.1 113.8 116.3 97.3 141.0 116.5
2018/19
QI 124.2 134.6 140.1 156.7 105.7 105.7 123.1 148.0 81.3 129.2 119.2
QII 124.3 135.6 156.3 160.9 111.7 103.0 119.1 138.5 81.1 101.5 116.5
QIII 126.1 138.6 163.2 163.4 114.0 101.6 116.4 137.8 92.0 92.5 112.5
QIV 136.2 150.3 176.2 165.3 119.5 90.2 120.6 165.4 103.7 95.2 118.7
2019/20
QI 151.7 167.5 192.0 171.2 121.3 164.1 128.5 188.5 117.4 101.4 123.6
QII 159.8 179.7 197.0 183.7 129.1 168.3 128.4 199.1 113.3 100.3 127.6
QIII 158.7 180.3 210.5 178.2 121.2 161.1 138.1 189.9 115.7 100.2 137.1
QIV 174.6 200.4 209.9 188.5 127.9 172.6 140.5 214.7 144.4 140.6 146.7
2020/21
QI 179.9 188.1 210.0 195.2 136.9 172.5 141.2 266.7 145.7 182.4 146.9
QII 187.5 202.7 202.2 196.1 160.7 213.7 144.5 224.0 135.3 183.0 155.6
QIII 195.6 216.0 205.3 206.9 180.8 203.4 145.4 205.4 137.6 200.7 160.4
QIV 224.9 243.8 222.3 213.2 231.3 256.6 161.5 212.4 147.2 245.9 171.7
2021/22
QI 256.8 300.4 245.5 252.3 210.3 348.3 159.8 250.0 148.6 349.7 190.0
Source: Central Statistical Agency
Table 22 (F2): Regional States' Consumer Price Index (Food)
December 2016 = 100

Sugar jam, honey, chocolate

Non-Alcoholic Beverages
and confectionery (ND)
Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Fish and Sea food

Food products
Oils & Fats

Vegetables
Beverages

Fruits
Period

Meat
AMHARA
2009/10
Q.I 43.8 57.6 29.9 34.8 39.1 31.1 51.1 76.2 20.1 34.3
Q.II 42.9 56.3 30.9 36.1 36.8 29.2 47.9 77.9 22.4 42.2
Q.III 42.2 53.4 32.7 36.7 37.5 31.4 51.6 78.5 24.7 45.0
Q.IV 42.8 53.1 33.5 37.2 34.3 32.1 52.8 80.3 32.8 44.4
2010/11
Q.I 43.6 52.5 33.9 37.8 42.8 35.5 58.2 79.3 37.3 45.3
Q.II 44.8 51.5 34.5 41.2 51.3 40.2 66.0 80.6 35.9 50.9
Q.III 47.0 53.2 32.4 42.1 55.7 42.8 70.2 78.0 36.9 67.4
Q.IV 56.6 59.4 37.3 44.8 76.4 43.2 70.9 81.3 52.8 87.5
2011/12
Q.I 63.0 65.1 45.2 47.3 78.8 42.4 69.5 80.5 61.9 90.2
Q.II 66.7 70.6 49.9 50.1 72.9 44.0 72.2 81.6 62.6 95.6
Q.III 68.6 74.9 54.8 53.1 71.8 49.7 80.5 82.0 50.4 99.1
Q.IV 74.4 82.0 64.6 56.0 76.4 50.7 83.9 82.3 57.9 93.0
2012/13
Q.I 79.1 87.7 70.1 57.5 76.1 53.3 87.0 81.8 66.4 87.7
Q.II 78.5 88.4 70.6 66.5 74.3 63.0 81.8 81.7 67.8 84.5
Q.III 78.1 87.2 72.0 70.1 74.0 64.6 80.3 81.6 68.3 81.3
Q.IV 80.3 90.6 73.1 72.3 77.9 64.3 80.2 81.6 72.9 79.5
2013/14
Q.I 83.6 96.6 75.2 73.0 77.6 67.3 83.8 81.5 75.0 79.6
Q.II 83.0 98.4 75.0 74.5 77.2 70.9 79.0 81.5 74.1 80.7
Q.III 81.5 88.3 76.4 74.9 77.0 70.7 86.0 82.1 73.4 80.5
Q.IV 82.7 90.2 76.5 75.9 80.2 71.2 82.4 82.5 76.8 88.3
2014/15
Q.I 83.8 93.9 77.9 78.6 84.6 74.7 80.9 81.8 74.6 95.7
Q.II 84.0 92.2 77.4 79.0 86.2 71.1 84.2 82.0 73.5 99.3
Q.III 84.7 88.9 79.8 82.1 93.4 76.7 88.5 82.5 73.1 99.6
Q.IV 86.3 91.5 82.6 89.9 100.7 79.0 86.9 82.3 75.2 94.8
2015/16
Q.I 91.5 96.3 84.7 88.7 107.6 84.6 99.5 82.3 77.6 92.5
Q.II 92.7 99.0 85.7 88.9 104.3 89.1 101.6 82.2 77.9 89.6
Q.III 93.0 99.6 87.4 94.0 98.0 92.5 100.7 95.8 79.2 88.2
Q.IV 95.1 99.4 92.6 96.7 101.9 90.5 105.5 102.1 80.2 87.0
2016/17
QI 101.3 104.5 98.7 100.3 100.6 99.0 111.2 98.9 91.2 92.0
QII 102.3 102.3 99.6 100.6 98.9 98.5 102.6 97.0 105.6 99.5
QIII 105.4 101.2 102.1 98.9 103.3 104.5 100.3 104.8 102.7 114.6 100.2
QIV 110.1 108.2 108.9 100.4 112.1 103.0 107.6 102.0 102.6 125.6 98.8
2017/18
QI 118.2 128.1 116.5 101.1 118.5 103.0 128.7 104.0 102.8 128.8 101.7
QII 119.9 125.0 116.0 104.2 127.8 103.8 128.4 113.5 101.9 129.6 105.5
QIII 122.0 133.3 132.0 72.2 128.4 106.1 134.9 103.2 102.7 130.1 106.0
QIV 127.7 143.0 140.4 0.0 136.5 107.7 139.7 109.9 103.4 131.3 107.2
2018/19
QI 133.9 150.4 145.6 0.0 139.5 107.9 135.1 129.0 103.3 128.4 109.2
QII 132.9 149.6 144.4 0.0 143.8 143.8 107.0 135.7 121.2 103.9 132.6
QIII 136.6 153.6 148.7 0.0 143.6 107.8 142.8 128.4 103.7 135.1 108.4
QIV 149.3 169.1 170.1 0.0 152.7 111.3 155.2 144.0 115.3 144.6 108.8
2019/20
QI 161.4 190.2 178.9 0.0 164.5 115.1 179.7 159.9 120.5 149.0 110.4
QII 161.0 199.0 179.9 0.0 166.1 115.2 187.3 142.1 120.8 151.5 110.3
QIII 174.2 199.3 184.9 0.0 170.9 123.7 191.0 151.4 120.3 191.3 119.6
QIV 187.5 213.7 194.7 0.0 181.3 136.8 188.7 158.9 121.2 210.7 133.3
2020/21
QI 200.0 238.1 194.3 0.0 187.6 142.7 188.0 181.9 119.5 208.1 143.3
QII 197.9 245.6 202.5 0.0 192.4 150.7 197.8 159.9 139.0 200.8 150.2
QIII 199.2 252.1 204.8 0.0 198.3 165.8 211.8 157.3 151.8 192.2 158.8
QIV 213.9 275.0 234.5 0.0 214.5 208.7 217.6 157.3 153.3 200.7 164.2
2021/22
QI 255.5 330.4 260.7 0.0 243.5 280.4 246.8 191.7 166.6 241.1 180.1
Source: Central Statistical Agency
Table 22 (F3): Regional States' Consumer Price Index (Food)
December 2016= 100

Food & Non-alcoholic Beverages

Sugar jam, honey, chocolate

Non-Alcoholic Beverages
and confectionery (ND)
Milk, Cheese & Egg
Bread and Cereals

Fish and sea food

Food products
Oils & Fats

Vegetables
Fruits
Period

Meat BENISHANGUL GUMUZ

2009/10
Q.I 49.5 75.8 38.9 39.1 41.8 25.6 45.9 73.0 21.2 33.4
Q.II 45.1 68.1 35.2 40.7 40.5 24.6 44.0 75.3 23.0 43.6
Q.III 40.8 59.7 34.4 44.8 42.9 24.2 43.3 79.7 29.1 41.3
Q.IV 39.5 53.6 37.7 43.3 45.7 25.8 46.2 81.7 39.0 41.0
2010/11
Q.I 38.1 51.4 37.9 45.4 43.5 28.7 51.3 79.2 33.2 47.8
Q.II 39.2 49.7 42.0 47.4 45.8 28.2 50.6 83.1 35.2 57.8
Q.III 44.0 55.4 37.3 48.8 68.8 32.9 58.9 76.0 35.8 71.7
Q.IV 60.5 72.3 42.3 51.7 86.9 37.5 67.2 86.8 51.6 100.7
2011/12
Q.I 70.9 88.7 50.4 55.6 76.5 35.6 63.8 85.2 55.1 106.9
Q.II 76.5 96.0 53.7 61.8 87.3 38.2 68.5 88.5 69.4 106.3
Q.III 76.1 92.1 56.1 65.1 90.5 54.1 79.5 90.4 53.0 85.1
Q.IV 81.1 98.9 65.2 68.0 90.1 70.7 80.6 95.7 61.8 80.6
2012/13
Q.I 84.6 102.1 72.4 69.4 93.7 70.9 86.4 98.9 61.2 80.7
Q.II 83.4 103.3 73.0 75.0 98.0 75.0 77.4 99.0 62.4 80.1
Q.III 79.9 95.5 76.7 88.5 103.2 74.5 68.9 97.3 62.0 77.9
Q.IV 79.6 96.7 73.6 93.8 96.9 70.8 69.5 94.9 61.9 77.1
2013/14
Q.I 87.2 118.1 75.6 95.8 95.7 63.0 76.8 94.7 58.8 76.1
Q.II 92.7 134.5 77.7 92.7 96.4 73.8 73.8 94.6 62.1 81.2
Q.III 85.0 107.3 75.1 91.7 99.3 83.2 75.7 92.1 61.3 85.5
Q.IV 85.4 103.0 77.4 96.1 97.3 68.8 77.9 95.8 63.9 94.8
2014/15
Q.I 83.9 101.2 77.7 84.0 94.8 57.9 76.3 90.3 62.1 97.3
Q.II 84.9 95.5 76.3 88.1 98.8 67.8 82.2 89.0 66.6 102.0
Q.III 88.1 97.9 79.9 88.8 99.0 71.7 92.1 92.2 70.1 86.5
Q.IV 90.6 92.3 85.5 91.9 104.6 70.5 94.0 89.9 85.4 84.0
2015/16
Q.I 99.9 99.3 92.1 92.0 100.4 70.8 104.3 92.3 109.5 84.0
Q.II 99.9 99.2 94.0 83.5 97.1 89.0 106.2 94.6 107.8 80.1
Q.III 94.6 92.7 96.2 84.7 99.3 87.3 99.8 101.3 94.5 80.3
Q.IV 95.9 87.6 99.2 99.6 102.3 83.6 104.8 108.3 98.9 80.1
2016/17
QI 100.1 94.1 102.9 102.7 100.3 95.1 113.5 105.5 93.9 89.3
QII 100.4 100.7 100.2 100.0 102.6 100.5 94.6 99.4 101.0 101.6 100.2
QIII 103.0 100.7 100.8 98.9 103.8 102.3 103.2 107.4 96.1 109.2 97.3
QIV 109.5 110.9 106.9 100.4 108.3 101.7 106.6 114.7 93.9 117.9 97.0
2017/18
QI 117.8 142.8 119.5 106.7 107.4 106.6 90.1 117.7 109.2 87.4 92.1
QII 121.5 148.1 118.9 120.8 106.1 106.9 101.7 116.7 110.6 112.8 95.9
QIII 119.9 132.8 122.4 120.8 107.1 109.4 82.6 115.3 111.6 153.6 95.5
QIV 121.2 139.7 132.8 120.8 108.8 111.8 115.9 105.5 109.5 148.9 98.8
2018/19
QI 129.2 145.6 144.0 119.3 111.7 106.4 109.2 128.3 109.9 132.3 106.8
QII 130.2 148.6 144.2 120.8 114.3 110.1 118.9 129.0 111.4 135.2 100.7
QIII 132.8 150.3 148.0 120.8 115.4 117.4 168.2 126.9 109.4 154.2 99.3
QIV 142.9 152.8 161.0 129.3 117.8 119.6 166.1 156.3 120.6 156.9 100.2
2019/20
QI 164.5 186.6 179.5 138.0 120.3 124.8 126.0 194.2 125.8 160.1 101.3
QII 166.7 201.4 179.2 135.0 123.1 122.9 129.7 183.9 126.2 161.4 104.1
QIII 173.0 204.4 182.3 135.0 123.6 129.3 132.6 183.3 126.5 207.0 115.3
QIV 190.9 216.0 187.0 149.5 127.3 144.7 161.1 208.5 123.0 271.6 127.6
2020/21
QI 222.6 251.8 204.9 152.3 130.8 150.9 143.8 259.4 128.9 347.7 135.7
QII 220.5 261.9 220.9 143.8 122.0 167.3 143.0 220.1 150.5 335.3 153.8
QIII 217.6 248.2 213.4 155.3 113.6 174.3 203.4 214.4 160.3 367.4 153.1
QIV 233.9 261.6 251.3 166.8 122.3 203.1 227.2 213.5 159.1 446.7 154.4
2021/22
QI 289.1 353.3 300.9 178.3 132.2 199.5 187.8 250.2 156.5 589.0 191.3
Source: Central Statistical Agency
Table 22 (F4): Regional States' Consumer Price Index (Food)
December 2016 = 100

Sugar jam, honey, chocolate

Non-Alcoholic Beverages
and confectionery (ND)
Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Fish and sea food

Food products
Oils & Fats

Vegetables
Beverages

Fruits
Period

Meat
DIRE DAWA
2009/10
Q.I 47.5 64.6 28.1 34.3 60.0 46.1 40.9 70.0 24.9 32.4
Q.II 46.6 62.8 26.2 36.7 59.3 35.0 31.0 70.2 26.8 36.5
Q.III 47.5 62.2 27.5 36.7 61.1 41.2 36.6 70.4 28.7 38.6
Q.IV 48.3 60.9 31.0 33.0 63.4 48.0 42.6 70.4 42.9 38.5
2010/11
Q.I 48.3 60.5 31.9 33.7 65.5 55.8 49.5 70.4 43.7 34.3
Q.II 50.9 61.4 32.3 36.8 77.8 62.5 55.5 71.3 38.2 35.0
Q.III 53.5 62.8 28.1 40.4 84.7 67.2 59.7 71.2 36.8 43.8
Q.IV 62.4 70.0 31.6 44.0 103.0 66.7 59.2 73.1 62.3 56.6
2011/12
Q.I 68.0 74.2 41.1 48.3 103.0 65.9 58.5 72.5 75.9 63.7
Q.II 69.6 77.3 44.6 47.8 95.3 61.9 54.9 74.7 68.5 67.8
Q.III 71.4 76.8 45.3 55.6 96.0 63.1 62.0 74.9 55.2 73.9
Q.IV 75.3 80.1 57.0 59.5 88.2 63.4 70.0 75.5 58.6 83.7
2012/13
Q.I 77.8 83.6 66.4 64.9 82.9 69.0 69.6 76.4 63.8 89.8
Q.II 77.7 85.1 65.7 65.2 84.8 75.5 63.6 75.6 64.6 92.8
Q.III 76.0 84.2 67.0 65.5 88.9 79.0 54.8 75.3 66.4 92.3
Q.IV 78.3 84.3 66.8 60.8 89.0 82.6 66.1 77.0 72.2 90.9
2013/14
Q.I 84.6 89.6 67.3 65.8 85.3 80.1 82.2 77.8 75.6 95.3
Q.II 84.4 94.4 66.6 63.9 88.3 78.4 68.1 79.6 75.7 98.3
Q.III 81.4 89.8 66.3 65.4 84.0 82.2 66.0 79.5 75.8 94.6
Q.IV 81.6 89.0 68.4 68.7 85.3 83.1 66.7 79.7 76.8 94.5
2014/15
Q.I 88.0 93.5 67.6 74.9 113.0 79.3 76.7 79.7 75.2 97.0
Q.II 89.7 95.3 72.8 75.2 113.1 86.7 78.3 84.6 75.8 96.7
Q.III 89.7 94.1 77.5 75.7 113.2 93.6 81.7 80.0 77.0 92.5
Q.IV 90.7 94.7 82.6 87.0 90.1 91.3 88.9 80.0 76.3 91.7
2015/16
Q.I 90.4 95.1 89.0 91.9 89.9 94.9 83.7 80.9 76.9 90.4
Q.II 91.2 94.5 88.9 85.1 89.9 97.8 91.2 84.6 77.0 89.5
Q.III 92.4 98.1 91.6 89.7 89.9 103.3 84.9 89.4 78.1 88.6
Q.IV 97.7 98.0 95.5 96.2 90.1 105.0 103.9 100.0 79.0 99.0
2016/17
QI 100.8 102.1 100.2 100.3 96.6 107.3 104.4 100.0 79.7 101.3
QII 101.5 100.4 101.5 100.0 100.7 100.0 99.8 106.2 99.9 99.7 99.7
QIII 101.5 99.8 101.4 101.2 101.9 100.1 106.8 103.9 105.3 103.4 101.6
QIV 103.3 101.9 101.9 104.6 102.6 100.3 108.7 106.8 107.7 103.7 102.9
2017/18
QI 105.8 105.4 106.3 101.0 111.7 102.5 124.6 103.6 109.2 111.0 109.7
QII 111.5 111.4 110.3 125.9 112.1 103.1 128.7 113.4 110.8 114.0 114.0
QIII 112.3 112.6 113.1 134.3 115.0 105.2 143.1 113.6 109.1 105.3 115.3
QIV 124.2 122.4 129.5 130.8 122.6 108.1 133.8 124.1 94.4 187.4 117.2
2018/19
QI 133.8 130.5 135.7 133.3 131.4 109.6 129.5 139.4 95.0 220.2 118.7
QII 129.1 136.0 138.2 131.8 131.0 109.0 140.7 117.4 95.0 188.5 109.4
QIII 133.8 141.6 140.1 134.6 131.5 110.7 158.2 122.5 95.0 192.9 119.5
QIV 150.3 150.5 162.8 150.0 142.4 113.8 162.9 162.9 110.0 198.6 116.4
2019/20
QI 162.6 166.7 177.7 155.1 155.9 112.0 157.5 176.1 108.9 215.4 120.6
QII 169.9 175.6 178.9 148.1 162.2 115.5 176.9 184.3 110.0 220.9 133.6
QIII 167.3 177.1 190.2 154.8 155.7 114.7 192.8 162.5 109.7 236.2 139.4
QIV 173.0 179.9 190.2 159.0 155.4 121.4 191.7 173.2 110.8 261.0 145.2
2020/21
QI 216.5 202.8 208.1 159.5 168.3 133.6 177.9 267.6 120.0 433.4 152.0
QII 204.1 210.4 210.1 160.0 171.3 150.7 190.9 205.5 126.1 367.7 153.7
QIII 215.4 224.1 212.3 183.6 178.8 186.4 215.6 192.7 136.1 466.1 149.9
QIV 233.7 241.3 236.6 182.0 207.8 185.3 205.8 196.9 135.0 605.4 153.7
2021/22
QI 279.8 299.2 262.0 202.6 245.4 245.7 198.0 205.5 135.0 829.8 168.8
Source: Central Statistical Agency
Table 22 (F5): Regional States' Consumer Price Index (Food)
December 2016 = 100

Non-Alcoholic Beverages
and confectionery (ND)
Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Sugar jam, honey,

Fish and Sea food

Food products
Oils & Fats

Vegetables
Beverages

chocolate
Fruits
Period

Meat
GAMBELLA
2009/10
Q.I 45.4 71.3 30.7 24.8 167.7 38.3 32.9 45.4 24.0 35.2
Q.II 40.6 65.1 31.1 25.9 173.7 40.3 34.6 46.8 24.7 42.0
Q.III 39.2 62.8 31.3 28.1 174.8 39.5 33.9 47.4 27.5 37.7
Q.IV 38.4 60.4 35.3 29.4 182.5 41.5 35.6 49.2 40.2 38.6
2010/11
Q.I 39.4 57.9 35.5 31.7 184.8 43.0 37.0 47.9 49.9 48.0
Q.II 41.6 57.7 35.9 30.5 206.0 49.0 42.1 50.0 51.6 66.5
Q.III 43.4 59.5 35.3 31.5 231.1 48.0 41.3 50.1 51.8 83.6
Q.IV 52.9 69.2 35.7 32.4 280.0 51.0 43.8 54.6 71.0 99.9
2011/2012
Q.I 60.7 78.4 40.0 35.0 295.6 54.3 46.6 61.3 75.9 103.7
Q.II 66.3 83.4 49.6 38.5 319.9 65.0 55.8 59.4 78.4 111.9
Q.III 71.3 88.5 57.4 45.5 107.9 68.6 68.1 62.3 61.7 96.5
Q.IV 76.9 95.2 62.6 48.4 111.8 73.8 79.6 65.8 64.3 89.7
2012/13
Q.I 78.8 99.9 64.6 48.4 109.4 82.9 78.4 65.5 73.1 81.8
Q.II 75.0 83.3 69.0 47.9 109.8 86.1 75.0 65.3 79.2 79.6
Q.III 74.1 77.3 72.8 50.4 109.4 90.7 71.2 64.9 81.1 80.0
Q.IV 78.1 87.1 73.9 56.9 109.1 97.9 72.8 65.0 81.5 79.0
2013/14
Q.I 81.4 98.2 74.7 58.5 108.9 71.0 75.1 66.3 81.6 76.8
Q.II 82.3 99.7 74.9 60.0 109.0 52.1 77.1 67.2 82.2 79.8
Q.III 81.7 89.6 78.8 60.3 109.5 75.0 81.8 67.9 82.9 78.0
Q.IV 85.9 95.6 80.8 60.3 111.0 96.4 82.6 69.8 82.0 103.7
2014/15
Q.I 86.6 104.2 78.9 59.0 109.6 86.9 77.7 66.8 85.4 102.1
Q.II 84.0 88.8 80.4 58.8 106.7 93.8 80.5 70.0 85.9 114.7
Q.III 87.1 85.7 81.9 74.3 100.8 90.7 98.3 71.7 84.7 105.3
Q.IV 88.8 92.3 87.9 74.2 103.0 89.1 92.7 73.0 84.2 87.3
2015/16
Q.I 96.8 99.9 96.5 79.6 105.2 98.5 106.2 75.0 89.4 91.5
Q.II 93.2 90.5 94.5 82.4 106.1 99.2 105.8 74.2 84.7 85.4
QIII 93.1 95.8 93.7 84.2 105.1 99.6 99.1 78.0 86.2 74.4
QIV 98.0 102.6 95.5 86.7 109.3 99.7 107.3 91.6 90.9 78.2
2016/17
QI 101.1 104.6 97.1 92.2 104.3 99.6 110.4 101.7 99.2 88.8
QII 99.5 99.9 100.8 100.0 91.8 98.0 100.0 100.7 98.3 99.0 100.6
QIII 102.2 99.5 103.4 100.0 90.2 97.5 128.9 107.8 91.8 129.2 100.2
QIV 106.5 113.6 105.9 100.0 89.8 106.0 65.1 104.0 92.2 140.1 98.5
2017/18
QI 111.7 134.7 107.9 100.0 93.1 102.1 71.1 96.7 92.7 131.4 98.7
QII 109.3 118.1 114.2 102.3 93.9 106.5 82.9 101.1 109.0 133.8 103.5
QIII 110.1 119.6 118.1 96.4 96.5 113.5 94.2 99.0 97.6 137.6 103.4
QIV 120.6 138.5 131.7 106.9 104.8 118.3 108.7 103.0 96.7 138.9 110.1
2018/19
QI 127.8 148.3 137.7 109.4 120.8 119.1 121.8 107.1 95.8 135.5 122.5
QII 125.0 130.8 152.1 111.8 111.8 125.9 119.6 78.8 111.2 95.8 147.8
QIII 129.1 135.1 162.3 111.3 140.5 124.2 109.8 113.6 97.4 141.2 117.8
QIV 137.3 151.6 161.6 108.0 138.9 126.9 157.7 125.5 98.3 147.4 114.6
2019/20
QI 149.2 175.0 170.2 104.6 138.6 132.8 170.5 140.6 109.4 152.3 110.5
QII 147.6 164.7 174.6 108.5 144.7 127.7 177.0 140.1 112.9 163.4 113.9
QIII 159.3 183.6 193.0 116.6 163.3 124.0 168.5 146.8 112.4 183.6 109.3
QIV 181.3 205.5 206.9 135.7 204.7 158.0 144.6 167.5 117.0 222.9 114.7
2020/21
QI 192.1 223.9 210.0 140.4 216.0 155.9 122.2 177.5 119.2 229.5 127.7
QII 190.6 216.1 208.0 140.4 210.4 172.2 127.6 169.6 134.4 237.1 145.1
QIII 203.3 224.1 228.8 150.0 205.6 192.5 200.5 197.3 145.0 242.9 145.9
QIV 217.9 247.5 246.0 154.7 221.2 248.9 184.2 196.9 159.9 231.2 154.7
2021/22
QI 260.9 331.5 272.9 172.2 249.6 349.1 175.2 192.0 189.7 242.1 195.3
Source: Central Statistical Agency
Table 22 (F6): Regional States' Consumer Price Index (Food)
December 2016 = 100

Sugar jam, honey, chocolate

Non-Alcoholic Beverages
and confectionery (ND)
Food & Non-alcoholic

Milk, Cheese & Egg

Bread and Cereals

Fish & sea food

Food products
Oils & Fats

Vegetables
Beverages
Period

Fruits
Meat
HARARI
2009/10
Q.I 35.0 56.6 22.9 30.3 69.3 44.8 32.0 80.4 28.8 28.3
Q.II 35.1 54.4 23.0 30.3 70.6 43.6 31.2 79.5 28.7 31.2
Q.III 36.4 53.6 23.5 29.9 75.1 46.5 33.3 79.9 33.3 35.9
Q.IV 36.8 51.8 24.3 30.5 78.8 50.9 36.4 80.4 41.3 36.7
2010/11
Q.I 38.2 52.0 26.8 33.2 80.0 62.5 44.7 80.1 41.7 37.2
Q.II 40.8 51.9 28.6 34.2 92.7 70.0 50.1 80.8 38.8 42.4
Q.III 44.8 52.1 25.4 36.4 107.1 78.4 56.1 81.7 42.3 56.3
Q.IV 48.8 60.1 33.3 44.9 135.3 72.4 51.8 83.6 63.0 56.2
2011/12
Q.I 52.4 62.4 39.0 49.6 102.0 69.8 50.0 83.8 78.3 61.1
Q.II 54.8 66.4 40.1 49.7 104.0 64.3 46.0 84.1 79.5 66.4
Q.III 61.2 67.5 40.7 49.6 104.7 69.7 51.3 84.6 58.9 85.8
Q.IV 67.9 71.3 52.3 50.9 135.2 67.8 60.4 85.3 67.6 89.4
2012/13
Q.I 70.1 76.5 57.6 52.3 103.5 73.9 58.7 85.7 71.7 97.1
Q.II 71.1 78.5 58.8 56.0 102.4 68.4 57.1 85.3 65.8 97.7
Q.III 69.1 76.8 58.4 58.2 97.5 73.4 49.2 84.7 67.5 91.7
Q.IV 73.2 78.4 67.2 59.0 97.6 74.1 63.5 85.7 67.0 84.8
2013/14
Q.I 78.7 83.3 71.8 63.5 98.2 76.0 76.5 85.6 67.7 93.3
Q.II 78.4 88.3 68.5 59.2 98.3 67.5 65.7 84.9 66.6 88.1
Q.III 76.9 84.4 69.1 63.5 98.1 75.6 64.0 84.8 68.5 85.2
Q.IV 79.2 85.0 73.1 66.4 98.5 87.4 71.6 85.1 66.8 84.7
2014/15
Q.I 84.8 91.7 79.0 71.0 99.6 82.3 79.3 84.7 65.0 87.9
Q.II 85.8 94.5 76.4 67.7 99.7 80.4 81.9 85.5 67.9 85.2
Q.III 86.2 93.9 76.4 70.4 100.2 111.7 82.6 85.1 77.6 77.5
Q.IV 90.0 96.8 83.5 72.1 101.3 107.2 85.6 84.2 97.0 74.7
2015/16
Q.I 90.6 95.9 83.9 76.4 100.4 89.1 83.1 83.4 123.8 72.1
Q.II 92.1 95.1 84.7 80.1 102.1 83.0 91.2 84.5 128.3 73.4
QIII 92.7 95.5 84.1 81.2 102.1 94.9 93.3 98.3 122.4 70.8
QIV 97.3 93.0 94.4 87.8 100.1 110.4 110.2 105.7 136.2 83.7
2016/17
QI 102.3 99.1 101.3 92.6 100.1 98.1 120.1 106.4 113.7 87.9
QII 100.7 99.6 99.3 98.6 100.1 96.2 108.2 104.5 96.5 100.3
QIII 100.0 95.3 102.9 0.0 99.5 101.7 103.3 107.7 102.8 102.1 102.4
QIV 107.5 106.3 108.5 0.0 102.2 125.2 121.2 108.3 109.7 106.2 97.2
2017/18
QI 110.8 112.9 105.2 0.0 108.4 135.9 143.1 101.6 114.7 110.2 99.5
QII 110.6 116.6 103.5 0.0 107.2 110.4 152.7 103.5 110.1 110.0 97.4
QIII 110.1 114.3 101.9 0.0 112.2 109.7 150.4 105.3 106.6 114.9 96.0
QIV 116.0 122.3 114.9 0.0 117.5 110.6 138.8 103.7 107.9 126.9 99.7
2018/19
QI 123.5 129.1 121.5 0.0 130.1 113.0 124.3 118.6 106.9 129.7 102.5
QII 123.7 135.0 122.5 0.0 132.2 112.6 129.0 103.9 108.2 127.7 98.2
QIII 125.9 136.6 119.5 0.0 135.8 113.7 137.6 110.9 109.1 130.8 99.6
QIV 138.8 140.5 146.3 0.0 146.3 116.5 170.2 147.5 116.8 141.6 100.7
2019/20
QI 153.9 161.0 157.2 0.0 160.0 118.9 170.5 164.9 121.9 148.7 106.4
QII 160.0 175.5 158.2 0.0 162.7 117.4 181.3 158.3 142.3 147.7 107.1
QIII 159.2 176.1 162.5 0.0 161.0 117.7 183.1 143.0 145.9 157.1 119.2
QIV 173.0 191.5 166.4 0.0 165.0 117.9 187.4 178.9 129.4 170.6 127.4
2020/21
QI 189.7 207.7 179.8 0.0 165.7 118.2 166.3 225.9 120.5 199.6 125.3
QII 192.4 219.6 180.5 0.0 180.0 118.6 185.7 192.7 159.1 201.6 126.2
QIII 193.2 223.3 183.8 0.0 187.2 118.5 217.7 174.3 159.9 208.2 134.0
QIV 214.3 242.9 216.5 0.0 223.7 121.6 248.8 196.2 154.5 241.3 139.1
2021/22
QI 249.1 286.8 238.9 0.0 243.9 187.5 221.7 190.6 178.0 408.8 154.1
Source: Central Statistical Agency
Table 22 (F7): Regional States' Consumer Price Index (Food)
December 2016 = 100

Food & Non-alcoholic

Milk, Cheese & Egg

confectionery (ND)
Bread and Cereals

Sugar jam, honey,

Fish and sea food

Food products

Non-Alcoholic
chocolate and
Oils & Fats

Vegetables

Beverages
Beverages
Period

Fruits
Meat
OROMIA
2007/08
Q.I 24.7 26.3 21.1 19.5 24.4 22.0 22.3 23.2 62.8 26.9
Q.II 26.4 28.3 21.1 20.0 27.5 24.7 24.9 22.8 64.4 28.2
Q.III 29.5 32.3 22.9 22.7 30.0 31.1 31.4 25.4 65.9 29.0
Q.IV 37.5 43.1 25.8 25.6 33.9 34.6 35.0 27.9 75.0 31.3
2008/09
Q.I 47.9 60.7 28.5 27.6 33.9 34.1 34.5 34.3 83.7 31.7
Q.II 43.0 56.1 28.6 28.4 32.0 33.5 33.9 35.8 62.9 32.6
Q.III 40.3 51.6 28.6 29.3 29.7 40.2 40.6 41.9 41.6 34.6
Q.IV 40.8 50.6 29.5 31.7 29.0 44.0 44.4 44.3 33.8 35.6
2009/10
Q.I 41.0 52.2 30.1 32.1 29.8 37.5 37.9 45.3 34.8 37.4
Q.II 39.3 50.0 29.8 32.2 30.0 37.1 37.5 45.4 39.1 41.0
Q.III 39.7 50.0 30.6 33.6 30.2 40.5 41.0 49.6 45.8 42.0
Q.IV 39.9 48.4 31.6 34.5 32.4 42.4 42.9 50.8 59.6 41.4
2010/11
Q.I 40.6 47.9 33.1 36.4 35.3 44.1 44.6 49.4 67.4 47.3
Q.II 43.2 47.5 33.0 38.4 43.3 52.5 53.0 51.5 60.1 58.4
Q.III 48.2 49.8 29.8 42.6 47.2 62.1 62.8 49.6 62.3 76.6
Q.IV 57.4 58.5 33.3 46.3 66.4 64.1 64.8 51.5 90.2 85.4
2011/12
Q.I 62.1 64.9 42.0 48.2 69.0 56.8 57.4 52.6 100.3 84.6
Q.II 65.1 69.7 45.0 48.7 65.7 59.7 60.3 56.3 99.6 93.5
Q.III 70.3 74.2 51.7 55.5 68.5 65.2 71.5 58.2 89.8 92.4
Q.IV 76.1 79.7 62.4 63.1 74.4 64.1 80.7 58.0 94.5 83.8
2012/13
Q.I 76.4 84.0 66.6 62.2 72.0 75.8 79.3 60.0 85.1 84.3
Q.II 75.0 83.8 67.6 62.9 68.8 87.2 72.9 62.7 79.0 80.9
Q.III 74.7 81.5 70.2 66.3 68.8 81.4 73.0 67.9 73.4 77.1
Q.IV 75.7 83.0 70.3 66.7 71.4 79.8 75.4 67.4 73.5 75.2
2013/14
Q.I 79.2 90.0 73.7 68.5 70.6 83.7 77.5 72.2 74.5 74.7
Q.II 81.3 95.3 75.1 68.8 69.9 82.3 75.3 71.5 76.1 75.6
Q.III 79.0 83.1 76.2 72.0 73.1 86.1 79.0 70.4 73.3 76.7
Q.IV 82.4 87.3 78.1 74.7 77.4 80.5 81.5 71.7 86.9 90.4
2014/15
Q.I 87.0 92.2 80.5 76.4 85.8 86.5 80.6 70.9 111.2 93.1
Q.II 87.7 90.6 81.1 77.5 87.8 85.1 85.6 73.8 102.3 95.0
Q.III 91.3 86.9 83.2 82.9 91.7 88.4 96.4 71.9 111.6 87.7
Q.IV 98.3 90.2 86.6 92.2 100.3 88.1 101.8 75.2 156.2 80.9
2015/16
Q.I 105.6 95.4 91.7 92.8 101.0 94.2 101.6 73.4 238.9 78.3
Q.II 104.0 95.0 94.0 94.8 96.5 99.1 105.0 74.7 202.7 78.8
QIII 100.5 96.0 94.2 99.8 95.4 101.7 101.3 78.0 141.5 74.5
QIV 102.7 97.8 96.4 104.9 98.5 102.4 112.3 77.4 134.9 78.8
2016/17
QI 104.9 102.7 100.2 102.2 99.5 100.3 117.9 83.8 128.0 89.1
QII 101.8 103.5 99.3 101.2 99.4 100.3 102.3 92.2 110.9 98.0
QIII 101.6 99.1 98.9 0.0 104.6 100.8 104.5 107.8 89.1 107.1 95.3
QIV 108.8 110.1 104.2 0.0 112.3 96.3 106.9 120.7 85.7 116.2 93.2
2017/18
QI 112.9 123.9 108.0 0.0 112.6 94.5 124.6 113.4 86.7 124.1 97.7
QII 116.2 129.8 112.0 0.0 113.7 88.7 135.5 114.4 82.9 128.8 106.3
QIII 116.6 123.1 117.6 0.0 119.6 83.7 140.5 124.2 79.4 139.5 101.1
QIV 120.3 132.4 124.6 0.0 130.7 80.8 142.7 119.4 80.0 143.5 105.9
2018/19
QI 123.7 136.6 128.4 0.0 134.7 82.2 146.2 122.9 74.9 145.3 111.5
QII 124.5 137.2 129.1 0.0 137.0 85.1 148.7 124.7 76.5 143.4 109.6
QIII 128.0 138.6 135.0 0.0 143.0 83.8 153.0 136.0 79.6 152.7 102.3
QIV 143.1 154.9 147.1 0.0 155.3 93.4 164.7 167.3 87.3 152.9 105.2
2019/20
QI 152.2 173.8 158.5 0.0 152.9 92.6 181.5 172.9 92.3 159.1 111.5
QII 154.5 181.7 162.7 0.0 151.7 87.9 188.7 172.0 83.8 159.8 115.0
QIII 160.7 182.3 163.7 0.0 157.9 95.1 189.7 185.5 83.7 171.4 122.0
QIV 175.5 203.1 172.6 0.0 164.9 97.5 187.0 209.9 86.7 178.9 128.5
2020/21
QI 187.6 217.7 174.3 0.0 166.3 102.3 187.4 225.3 84.9 194.7 145.3
QII 189.3 224.8 176.8 0.0 170.6 114.1 185.3 207.0 93.7 199.7 154.4
QIII 198.5 233.2 183.1 0.0 188.2 127.1 188.6 217.9 99.6 213.6 153.9
QIV 221.1 264.7 206.0 0.0 218.2 160.6 198.7 226.4 104.7 240.1 164.6
2021/22
QI 264.2 327.0 236.6 0.0 223.2 231.7 225.0 245.0 111.8 285.9 208.3
Source: Central Statistical Agency
Table 22 (F8): Regional States' Consumer Price Index (Food)
December 2016 = 100

Food & Non-alcoholic

Milk, Cheese & Egg

confectionery (ND)
Bread and Cereals

Sugar jam, honey,

Fish and sea food

Food products

Non-Alcoholic
chocolate and
Oils & Fats

Vegetables

Beverages
Beverages
Period

Fruits
Meat
SNNPR
2009/10
Q.I 37.2 50.8 30.6 33.4 48.0 33.5 29.4 69.1 14.8 43.6
Q.II 37.0 48.2 30.8 35.4 48.8 37.1 32.6 71.5 18.4 43.3
QIII 36.8 47.3 31.0 36.9 48.7 37.8 33.2 74.3 21.9 40.5
Q.IV 35.8 46.3 32.6 36.8 49.5 35.3 31.0 75.6 28.8 41.7
2010/11
Q.I 35.9 44.1 33.2 37.3 50.4 39.3 34.6 75.7 36.7 50.1
Q.II 38.2 44.6 33.9 40.7 59.4 45.3 39.8 80.2 29.0 61.0
Q.III 44.6 50.5 29.4 43.6 67.5 56.4 49.6 80.7 32.4 92.1
Q.IV 55.5 60.7 33.1 46.4 89.5 62.6 55.0 85.1 45.5 115.0
2011/12
Q.I 59.5 69.9 43.1 48.1 77.6 48.9 43.0 88.0 49.0 121.7
Q.II 61.0 70.6 47.8 50.5 74.7 59.3 52.1 90.7 50.7 115.0
Q.III 66.4 73.3 54.3 56.5 81.1 63.4 62.0 94.1 51.6 112.6
Q.IV 72.9 82.7 63.9 58.1 91.8 62.8 68.6 95.1 54.1 103.0
2012/13
Q.I 74.7 89.9 68.9 58.8 82.7 69.2 68.7 91.2 53.8 98.7
Q.II 73.8 78.8 69.4 61.1 81.0 81.2 73.1 92.6 52.2 93.7
Q.III 74.4 77.4 71.2 63.9 82.3 73.7 75.6 94.9 51.1 84.4
Q.IV 76.1 85.6 75.5 66.7 83.7 67.2 73.6 95.6 51.8 84.9
2013/14
Q.I 79.2 91.1 76.8 67.7 82.0 65.9 76.8 93.4 51.7 88.6
Q.II 78.7 87.5 80.9 69.3 83.0 73.3 76.5 93.2 53.7 83.7
Q.III 79.6 81.7 81.6 72.6 85.8 70.0 81.3 93.5 54.7 79.3
Q.IV 82.5 89.3 83.7 72.4 89.3 66.2 79.7 93.9 55.8 110.0
2014/15
Q.I 81.8 91.9 84.6 76.8 86.9 68.7 75.9 94.8 52.0 120.6
Q.II 81.3 81.5 85.8 78.6 91.3 78.6 78.5 97.9 57.8 122.0
Q.III 83.7 80.0 86.9 82.5 98.1 83.0 83.3 97.2 64.2 112.9
Q.IV 90.5 85.9 90.5 85.5 103.6 75.9 92.2 96.2 77.0 111.4
2015/16
Q.I 92.4 91.1 95.4 86.4 101.4 84.5 90.8 97.0 94.5 104.9
Q.II 88.9 86.2 95.6 87.9 100.2 91.7 86.2 97.1 98.2 93.4
QIII 91.5 90.4 96.3 93.1 98.0 92.6 90.6 97.6 93.1 87.2
QIV 96.3 97.8 100.0 95.8 102.6 83.9 92.8 104.7 110.5 92.1
2016/17
QI 97.6 100.9 102.1 97.1 100.6 93.8 92.9 105.2 108.4 101.0
QII 98.7 99.8 102.2 98.9 98.2 100.8 96.5 104.4 101.1 103.1
QIII 102.1 102.4 104.2 0.0 102.0 105.0 102.7 110.6 106.2 103.9 97.9
QIV 114.7 121.8 109.1 0.0 106.4 114.4 104.5 117.4 107.3 107.7 103.7
2017/18
QI 119.3 134.0 114.0 0.0 107.9 111.8 113.4 106.9 107.4 109.9 110.4
QII 118.8 125.3 118.2 0.0 116.3 110.2 135.8 112.5 102.5 111.1 117.9
QIII 118.6 120.5 120.7 0.0 122.2 112.4 144.5 130.4 100.9 123.4 114.2
QIV 125.5 133.8 131.9 0.0 128.7 118.3 133.6 121.8 100.9 132.1 122.6
2018/19
QI 129.5 137.8 138.3 0.0 127.4 118.1 130.0 125.2 100.9 132.1 134.3
QII 128.5 133.3 137.9 0.0 132.5 118.3 147.8 126.7 101.0 132.1 122.4
QIII 129.0 135.9 141.5 0.0 138.6 120.4 151.5 138.6 101.6 129.9 113.3
QIV 141.5 154.3 157.2 0.0 148.4 124.5 161.3 157.3 108.7 133.5 119.2
2019/20
QI 153.2 169.6 171.3 0.0 153.8 131.2 165.0 161.2 118.2 137.1 131.6
QII 158.9 163.7 174.3 0.0 160.7 134.9 198.3 160.7 120.7 138.4 139.8
QIII 162.8 165.5 182.8 0.0 165.0 136.8 207.9 165.4 122.0 143.6 144.1
QIV 183.1 191.6 194.8 0.0 166.8 147.0 215.6 176.5 127.7 154.7 163.0
2020/21
QI 196.2 205.9 197.5 0.0 171.0 153.7 188.5 188.9 123.3 187.5 177.8
QII 202.3 210.3 202.2 0.0 182.9 157.2 195.9 187.0 139.2 211.3 186.7
QIII 211.6 226.9 206.7 0.0 197.5 177.1 211.0 206.2 150.1 219.0 178.2
QIV 246.9 279.0 236.0 0.0 221.5 214.3 227.7 225.0 153.6 258.7 200.5
2021/22
QI 291.3 337.9 267.9 0.0 250.9 268.8 239.9 251.2 160.0 345.0 259.6
Source: Central Statistical Agency
Table 22 (F9): Regional States' Consumer Price Index (Food)
December 2016 = 100

Milk, Cheese & Egg

alcoholic Beverages

confectionery (ND)
Bread and Cereals

Sugar jam, honey,

Fish and sea food

Food products

Non-Alcoholic
chocolate and
Food & Non-

Oils & Fats

Vegetables

Beverages
Fruits
Period

Meat
SOMALI
2009/10
Q.I 42.3 53.9 29.2 37.1 49.3 33.6 43.1 31.3 20.3 29.7
Q.II 42.7 54.8 31.4 37.1 50.6 31.8 40.8 31.2 22.3 29.9
Q.III 43.1 56.1 31.4 39.8 51.9 29.7 38.0 31.4 22.7 33.9
Q.IV 42.9 55.2 34.8 34.0 54.5 33.4 42.8 32.8 29.5 32.7
2010/11
Q.I 43.3 51.5 38.7 36.6 56.6 39.0 50.0 37.6 39.9 33.0
Q.II 50.2 52.6 41.9 44.6 66.7 46.0 59.0 45.2 32.6 50.7
Q.III 54.0 57.0 36.3 48.6 77.8 46.3 59.4 48.6 34.0 53.3
Q.IV 59.8 63.6 42.6 51.2 85.0 53.4 68.4 51.6 48.1 51.5
2011/12
Q.I 62.5 71.4 53.2 51.2 91.4 49.8 63.9 58.9 63.9 38.6
Q.II 64.5 74.3 53.8 52.2 85.1 47.4 60.8 61.5 61.2 43.1
Q.III 70.3 79.0 62.8 60.6 87.4 59.3 67.5 63.9 61.4 56.6
Q.IV 73.5 79.6 72.5 60.8 87.0 55.7 80.3 72.0 66.6 58.6
2012/13
Q.I 74.5 79.9 78.0 62.0 88.3 59.6 81.7 71.5 66.5 76.8
Q.II 78.0 84.8 77.5 69.3 87.0 65.2 75.5 71.7 70.5 87.3
Q.III 77.5 83.8 82.5 70.8 87.7 68.2 63.3 71.9 71.1 86.3
Q.IV 78.8 85.0 85.6 66.6 87.1 61.0 80.7 73.6 74.7 91.6
2013/14
Q.I 80.3 87.3 89.9 67.5 83.6 72.5 94.7 70.5 77.8 95.4
Q.II 82.2 92.9 86.0 71.9 84.8 75.0 79.0 69.5 81.1 91.1
Q.III 83.5 93.5 80.6 76.1 84.6 83.4 83.4 68.6 86.7 97.1
Q.IV 83.0 93.7 83.3 70.6 84.5 86.0 86.8 68.9 87.1 99.5
2014/15
Q.I 85.8 97.1 86.5 75.0 90.8 105.1 91.8 68.9 86.0 97.1
Q.II 86.3 98.7 86.7 73.6 92.2 85.7 91.0 68.9 88.0 99.7
Q.III 87.0 96.5 89.2 77.3 91.8 98.8 95.0 71.2 87.5 102.2
Q.IV 89.6 98.6 87.9 84.4 92.8 106.4 100.0 71.0 91.4 103.9
2015/16
Q.I 89.3 98.2 94.1 81.1 94.8 94.8 91.9 73.2 91.9 106.5
Q.II 91.3 100.8 86.1 89.7 92.8 118.0 93.6 73.1 86.5 101.7
QIII 93.4 101.8 93.2 94.4 91.2 120.2 92.6 76.1 89.5 101.7
QIV 93.2 100.2 99.7 88.5 87.7 114.6 117.2 78.3 85.6 99.7
2016/17
QI 95.1 101.1 105.0 88.3 91.0 108.7 126.4 78.9 99.2 100.2
QII 99.5 100.5 102.4 101.2 94.6 98.7 106.2 94.5 98.5 104.1
QIII 102.8 104.2 94.7 0.0 105.3 100.3 99.2 102.8 99.3 103.2 101.9
QIV 104.7 106.4 108.1 0.0 103.6 100.0 107.4 113.5 96.3 124.6 101.5
2017/18
QI 106.9 106.5 112.9 0.0 98.2 100.1 113.2 159.1 95.5 126.6 100.4
QII 113.9 119.4 117.9 0.0 103.6 99.9 117.9 139.6 103.2 132.0 102.9
QIII 114.4 119.6 119.9 0.0 100.4 100.1 116.2 124.5 109.4 153.4 105.4
QIV 119.7 131.9 121.6 0.0 96.8 101.0 126.1 122.6 113.3 145.2 104.3
2018/19
QI 129.0 138.5 119.6 0.0 113.2 101.1 129.1 134.6 129.6 147.2 111.9
QII 128.6 137.9 117.9 0.0 108.2 100.8 117.0 128.8 136.1 147.6 114.3
QIII 131.9 137.5 132.7 0.0 116.5 112.6 121.6 131.3 136.1 175.8 108.7
QIV 140.6 146.9 142.9 0.0 126.4 113.5 127.1 162.8 136.1 188.6 113.7
2019/20
QI 155.1 166.0 159.1 0.0 141.5 125.8 148.2 185.2 136.1 199.5 124.8
QII 162.3 185.6 156.0 0.0 129.0 122.6 144.3 196.7 136.1 200.8 128.4
QIII 158.7 183.2 164.5 0.0 133.8 127.8 143.2 181.2 116.6 209.2 131.1
QIV 155.7 172.9 160.9 0.0 133.0 122.4 141.6 189.6 128.3 202.0 126.1
2020/21
QI 166.3 183.0 185.8 0.0 142.5 133.1 145.3 263.0 116.6 208.6 133.3
QII 167.5 187.4 183.2 0.0 161.3 139.2 148.4 208.9 116.6 192.7 127.8
QIII 181.0 207.3 185.1 0.0 201.8 108.9 151.6 212.6 116.6 189.7 133.0
QIV 206.8 249.0 190.8 0.0 214.6 137.8 144.6 250.1 116.6 200.4 142.0
2021/22
QI 235.9 310.0 214.0 0.0 198.6 157.8 173.5 262.4 116.6 227.3 159.1
Source: Central Statistical Agency
Table 22 (F10):: Regional States' Consumer Price Index (Food)
December 2016= 100

Food & Non-alcoholic

Milk, Cheese & Egg

confectionery (ND)
Bread and Cereals

Sugar jam, honey,

Fish and sea food

Food products

Non-Alcoholic
chocolate and
Oils & Fats

Vegetables

Beverages
Beverages
Period

Fruits
Meat
TIGRAY
2009/10
QI 49.3 52.9 33.2 40.1 44.8 59.0 49.6 63.6 21.7 36.0
QII 49.6 52.5 32.3 41.5 46.4 49.0 41.2 68.1 22.3 45.2
QIII 48.4 51.7 31.9 39.8 48.5 50.4 42.4 70.8 25.8 46.9
Q.IV 49.9 52.1 34.6 43.1 52.0 54.7 46.0 74.6 35.6 47.2
2010/11
Q.I 49.9 52.2 36.7 44.6 54.3 62.1 52.2 70.1 37.0 46.8
Q.II 48.9 49.5 37.6 49.9 67.0 66.0 55.5 72.0 34.5 52.9
Q.III 50.5 49.9 37.5 49.3 71.5 65.8 55.3 69.7 34.4 75.3
Q.IV 58.5 56.0 42.4 51.2 91.1 74.8 62.9 75.8 50.8 104.6
2011/12
Q.I 64.6 60.1 54.2 60.0 86.3 82.4 69.3 71.3 61.4 105.8
Q.II 67.0 65.0 58.3 62.8 84.5 79.6 66.9 73.0 58.8 110.6
Q.III 69.8 72.9 61.5 64.5 90.0 74.9 71.6 75.4 48.2 117.2
Q.IV 76.2 82.0 71.5 71.9 90.8 79.8 76.0 74.0 51.0 114.3
2012/13
Q.I 81.0 87.6 77.9 77.2 93.1 89.9 79.6 75.0 60.5 97.4
Q.II 78.9 90.4 79.0 83.4 89.3 96.3 65.6 74.5 55.8 90.3
Q.III 77.9 91.2 79.0 81.9 90.5 96.3 58.5 76.9 54.9 88.3
Q.IV 81.9 98.6 80.9 82.6 92.4 78.2 62.9 77.1 55.7 86.2
2013/14
Q.I 89.7 107.0 87.9 88.8 92.0 54.1 82.3 74.4 57.5 87.4
Q.II 86.9 106.1 87.6 90.2 90.2 59.0 69.1 74.9 56.7 84.1
Q.III 82.0 94.5 87.1 86.5 94.4 59.0 68.3 74.5 55.8 85.9
Q.IV 84.4 96.6 91.4 83.3 95.7 59.0 70.2 74.4 56.8 95.1
2014/15
Q.I 85.9 97.8 88.0 92.3 98.4 66.5 73.4 75.1 58.5 103.0
Q.II 86.5 94.5 87.2 97.2 96.0 76.4 84.8 73.7 58.4 106.8
Q.III 83.8 88.0 87.7 89.8 99.2 81.7 82.5 74.7 60.0 104.8
Q.IV 85.1 87.6 89.9 93.3 95.3 81.7 86.9 74.8 64.0 104.3
2015/16
Q.I 92.0 95.1 90.0 100.4 101.8 74.3 98.2 74.8 75.6 99.3
Q.II 96.4 98.7 89.3 101.5 102.1 100.0 104.8 77.5 88.7 95.6
QIII 96.4 99.7 90.8 100.4 96.9 100.0 102.9 84.5 88.6 90.7
QIV 98.9 102.0 94.8 95.3 97.8 100.0 110.6 92.8 86.0 89.6
2016/17
QI 105.3 110.0 104.4 104.5 99.3 100.0 117.5 94.1 88.5 90.1
QII 103.3 107.1 103.4 106.1 100.3 100.0 102.2 97.6 97.6 97.0
QIII 101.1 102.8 100.9 0.0 104.2 101.9 99.1 97.0 94.3 100.0 105.0
QIV 104.8 109.1 106.1 0.0 106.9 106.5 102.8 99.5 95.6 99.9 103.0
2017/18
QI 111.5 116.7 123.7 0.0 111.9 108.0 108.6 107.2 102.4 95.7 101.7
QII 115.0 122.9 120.7 0.0 117.7 100.3 107.6 115.6 95.2 98.4 106.5
QIII 119.2 127.5 130.3 0.0 113.9 100.9 109.6 106.2 92.5 120.5 108.2
QIV 126.2 138.3 137.6 0.0 132.7 105.3 109.8 102.0 93.5 137.5 109.3
2018/19
QI 135.7 152.9 149.0 0.0 139.0 102.8 112.2 113.1 93.3 139.9 111.2
QII 144.7 170.4 151.5 0.0 146.1 106.3 140.4 121.9 93.5 143.3 110.1
QIII 145.5 170.1 152.1 0.0 144.6 106.7 145.7 118.6 93.9 153.6 111.6
QIV 155.9 180.3 168.3 0.0 153.0 109.4 159.9 135.6 100.3 155.3 114.7
2019/20
QI 169.6 196.7 183.7 0.0 179.9 109.7 161.5 160.4 104.0 157.3 114.5
QII 175.1 204.4 197.7 0.0 189.0 121.8 158.6 164.4 104.3 146.4 117.4
QIII 181.4 205.6 202.7 0.0 179.5 141.9 161.7 171.2 104.6 155.5 141.6
QIV 205.5 232.0 219.6 0.0 184.2 150.5 156.5 196.6 106.2 208.8 149.8
2020/21
QI 228.2 258.8 225.1 0.0 199.8 140.9 145.1 233.8 107.6 258.4 150.5
QII 239.2 265.5 228.2 0.0 210.2 238.4 158.4 236.1 137.8 272.2 152.7
QIII 239.2 265.5 228.2 0.0 210.2 238.4 158.4 236.1 137.8 272.2 152.7
QIV 239.2 265.5 228.2 0.0 210.2 238.4 158.4 236.1 137.8 272.2 152.7
2021/22
QI 239.2 265.5 228.2 0.0 210.2 238.4 158.4 236.1 137.8 272.2 152.7
Source: Central Statistical Agency
 Table 23 A: Ethiopia: Direction of External Trade: EXPORT
(In Thousands of Birr)

Country of
Continents 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Destination

Djibouti 849,144.8 1,172,260.1 2,313,228.9 1,380,433.1 3,747,193.9 1,941,788.5 2,350,936.7 3,014,309.0 3,735,439.1 3,502,027.2 3,422,940.0
Egypt 585,058.5 764,013.2 768,260.3 818,229.2 1,012,133.0 684,520.9 315,108.1 202,450.4 379,596.1 602,884.5 222,763.9
Ghana 2,094.8 1,117.1 9,582.3 4,292.2 136.8 6,863.1 832.1 696.9 57,554.1 18,798.4 19,029.4
Kenya 54,434.1 176,485.4 190,932.3 269,555.1 431,754.9 656,490.8 625,147.6 1,190,543.3 693,204.5 662,786.4 273,969.7
Libia 1,834.5 2,297.5 68,040.2 - 4,163.4 - - - - - -
Morocco 10,976.1 28,363.6 11,632.6 15,895.1 3,746.1 2,040.4 6,841.3 10,061.0 14,271.4 7,627.7 60,459.5
Nigeria 2,215.0 2,990.0 10,297.6 2,735.2 47,617.8 63,719.5 90,565.5 328,428.3 267,894.4 302,908.0 338,173.7
Ruwanda 569.9 1,114.0 993.9 9,793.9 28,670.2 42,368.3 57,909.1 94,341.6 134,233.8 4,579.0 43,122.8
Africa Somali Land - - - - - - - - - - -
Somalia 3,139,271.5 4,061,406.4 5,989,640.7 5,798,201.3 6,371,904.9 6,240,561.4 5,827,108.7 5,964,650.4 6,745,127.6 7,180,188.1 5,963,824.1
South Africa 1,030,363.9 89,326.4 194,964.0 218,061.1 257,504.8 226,770.4 260,057.5 426,332.0 283,532.1 213,168.8 216,105.1
Sudan 2,053,243.9 2,983,061.3 2,008,904.2 1,707,190.9 1,629,734.3 1,595,427.4 993,600.1 1,896,197.0 2,560,191.8 1,732,344.2 2,893,902.1
Tanzania 5,959.6 3,084.1 969.4 1,045.6 15,211.2 255.9 401.9 363.6 10,846.1 28,426.6 99,256.8
Uganda 24,333.6 14,963.0 7,044.1 2,765.9 10,051.8 4,295.5 5,913.3 4,864.9 11,353.5 10,099.0 23,442.4
Zambia 369.2 20.4 119.4 503.8 110.0 2,398.8 10,974.8 14,555.0 83,656.4 11,008.3 149,686.8
Zembabwe 1,147.8 3,549.5 788.6 3,632.8 4,272.4 6,716.0 4,025.0 2,602.9 7,178.9 2,997.1 18,027.9
Others 146,791.5 171,537.0 289,802.8 514,287.0 792,557.5 341,524.6 477,440.0 1,351,269.1 1,221,482.3 1,330,556.9 6,723,137.4
Total 7,907,808.6 9,475,589.2 11,865,201.5 10,746,622.1 14,328,992.6 11,815,745.3 11,026,861.7 14,501,665.3 16,205,562.1 15,610,400.08 20,467,841.6
%Share Of Continent 23.0 18.8 21.1 19.4 22.1 20.0 18.4 21.4 21.9 19.7 18.0
Austria 365.7 1,297.4 1,644.6 1,735.5 4,310.4 2,931.2 22,747.8 22,995.8 6,572.3 2,199.9 678.3
Belgium 766,865.8 1,129,952.5 1,206,977.6 1,025,131.4 1,087,850.9 1,182,982.5 1,436,499.1 1,965,237.5 1,815,142.9 1,885,848.0 2,803,691.9
Bulgaria 9,100.7 17,775.7 40,564.4 82,919.2 99,420.1 86,949.0 43,611.4 42,637.1 91,753.3 80,097.1 96,294.6
Cyprus 1,208.7 29.6 2,392.2 3,217.3 5,007.8 640.5 151.2 1,175.9 17,019.5 14,580.4 16,821.9
Czech Republic 5,564.4 3,925.4 7,320.4 5,569.1 13,779.0 21,577.7 22,939.8 18,599.1 4,910.2 4,466.6 2,337.2
Slovakia - - - 1,897.5 4,395.7 1,466.6 4,072.5 7,076.4 2,144.5 1,552.8 805.1
Denmark 18,362.4 14,816.2 35,758.1 32,455.9 17,723.0 20,802.4 30,025.0 28,201.3 25,631.4 32,806.9 32,645.8
Finland 38,401.9 157,776.1 87,678.9 51,661.1 80,304.0 90,939.5 90,178.8 123,908.3 110,724.0 91,036.7 118,222.5
France 505,675.0 823,513.2 812,971.3 530,534.4 877,613.3 682,717.6 807,422.0 827,504.6 717,334.7 751,487.7 789,673.0
Germany 3,676,129.0 5,412,655.7 5,190,387.9 3,730,991.2 3,754,508.5 4,271,155.2 3,486,254.3 3,943,246.8 4,217,307.3 4,135,208.4 4,523,931.9
Greece 104,335.8 161,358.8 136,034.9 260,072.5 235,797.7 214,131.5 209,499.8 235,931.1 186,258.5 230,314.9 146,873.3
Hungary 4,664.1 6,030.5 29,465.0 34,564.1 18,858.6 15,129.0 18,955.3 16,005.0 19,660.7 10,112.7 17,500.4
Ireland 225.2 4,981.1 1,335.4 4,968.8 4,393.8 11,865.0 10,363.8 15,763.6 13,537.1 17,485.0 4,780.1
Italy 767,672.2 1,830,342.8 1,265,069.2 1,127,453.5 1,244,816.9 1,071,373.1 1,101,650.8 1,347,709.3 1,442,089.8 1,359,779.2 1,494,410.9
Europe
Netherlands 2,325,158.7 3,589,200.5 3,513,356.8 3,160,616.3 3,899,530.0 3,910,613.0 3,911,035.2 4,177,990.4 5,256,676.3 7,828,660.8 11,179,122.0
Norway 83,421.5 114,266.4 152,810.3 141,325.7 202,256.0 193,648.3 190,592.2 184,970.7 162,162.0 312,830.2 374,409.1
Poland 20,903.7 10,005.3 2,097.0 17,660.3 23,192.2 18,930.3 9,048.4 13,435.8 18,237.2 23,765.7 24,019.7
Portugal 13,224.5 10,264.5 58,441.4 58,595.2 107,108.4 70,872.1 127,631.2 156,689.8 210,638.0 173,970.4 241,431.3
Rumania 26,297.6 64,555.6 79,944.9 62,136.7 63,661.9 35,255.4 12,665.6 23,638.2 20,038.6 11,055.3 19,221.3
Spain 82,768.8 202,110.6 278,937.8 188,107.6 157,484.0 312,381.6 266,256.9 262,739.3 406,304.2 513,868.4 521,805.4
Sweden 345,076.1 631,746.6 435,154.5 264,471.8 307,877.4 333,582.0 266,867.3 263,089.4 188,083.3 156,700.1 208,700.3
Switzerland 4,876,617.7 8,672,031.8 9,644,798.9 9,439,555.7 7,895,981.9 6,490,540.8 5,266,886.0 4,714,821.8 2,005,549.0 701,171.4 18,502,394.7
Turkey 448,459.6 793,508.0 918,743.3 1,460,875.2 1,267,997.9 854,569.2 463,675.1 659,682.4 1,163,249.4 1,066,064.8 1,163,636.0
Ukraine 1,647.3 549.2 3,605.7 1,288.6 1,569.6 9,366.3 14,853.7 24,420.6 27,800.3 42,717.8 56,395.9
United Kingdom 790,362.3 1,036,992.2 804,000.1 916,862.0 888,555.1 806,313.4 1,069,053.4 1,290,346.0 1,088,894.0 1,179,983.5 1,112,511.1
Russia 87,990.9 170,085.7 210,565.2 289,418.9 405,160.0 283,476.8 289,381.7 386,108.6 313,363.4 399,161.5 430,203.7
Yugoslavia - - - - - - - - - - -
Others 32,888.7 129,769.9 228,751.3 106,316.3 121,332.5 270,792.0 639,646.5 1,181,451.6 466,267.8 1,105,005.9 1,255,152.2
Total 15,033,388.3 24,988,711.1 25,148,807.1 23,000,401.7 22,790,486.7 21,265,002.1 19,811,964.8 21,935,376.3 19,997,349.8 22,131,932.3 45,137,669.7
%Share Of Continent 43.8 49.7 44.7 41.4 35.2 36.0 33.1 32.4 27.0 28.0 39.8
Brazil - - - 50.0 - 8,764.8 9,178.4 9,179.6 163.0 77.1 -
Canada 115,069.8 173,658.6 167,388.9 166,782.8 214,767.3 216,338.4 268,404.1 270,038.6 477,155.3 382,747.5 556,491.0
Cuba - - - 325.5 15,043.2 - - - - - -
America
Mexico 15,924.2 41,359.7 21,189.4 15,661.3 12,529.3 37,776.3 40,458.2 63,779.1 103,708.1 120,383.8 74,524.9
United States 1,387,899.5 1,571,684.8 1,741,318.4 2,223,193.5 2,413,259.7 3,913,895.0 3,733,304.1 4,317,231.5 6,565,250.9 6,071,240.4 7,994,968.3
Others 40,185.0 165,850.0 147,274.5 66,745.5 886,388.5 189,789.5 231,818.7 458,804.3 682,316.7 2,744,376.7 1,374,096.1
Total 1,559,078.4 1,952,553.1 2,076,859.0 2,472,758.7 3,541,988.1 4,366,563.9 4,283,163.5 5,119,033.1 7,828,594.0 9,318,825.6 10,000,080.3
%Share Of Continent 4.5 3.9 3.7 4.5 5.5 7.4 7.2 7.6 10.6 11.8 8.8
China, Mainland 3,330,807.6 4,764,263.2 5,167,985.4 5,682,920.3 8,071,388.2 6,145,483.9 7,498,265.1 5,111,009.8 4,754,322.7 3,152,537.0 2,538,974.1
China, Taiwan 34,908.6 34,265.7 44,820.6 114,825.8 86,264.9 134,753.6 242,155.2 324,580.5 376,886.5 449,378.2 787,312.2
Hong Kong 98,715.7 378,664.7 523,566.5 655,428.0 342,188.3 434,907.0 390,835.7 419,795.4 394,923.7 254,788.1 552,168.0
India 401,662.3 553,031.3 667,923.1 659,101.4 947,722.2 1,323,550.6 1,440,185.8 1,168,606.9 1,743,919.5 2,978,534.4 1,511,613.3
Indonesia 131,343.7 219,306.2 260,365.2 442,638.8 579,643.5 419,364.5 581,396.8 575,381.8 990,066.8 750,329.4 931,170.3
Israel 752,915.3 1,079,551.0 1,112,383.2 1,822,061.3 2,016,939.4 1,697,745.0 1,366,387.4 1,487,480.1 2,801,566.2 3,184,293.1 2,919,321.9
Japan 535,178.4 596,903.3 1,260,749.0 1,423,109.6 1,884,123.0 1,388,756.3 1,541,929.9 2,233,317.5 2,711,869.3 3,564,930.5 3,350,803.2
N.Korea, Pdrk 16,724.9 54,732.0 24,451.6 40,602.6 223.3 10,146.1 31,494.6 17,897.9 12,521.0 2,846.0 464.9
S.Korea 132,137.3 235,899.3 336,747.5 428,910.5 660,360.4 902,688.1 1,114,526.1 1,224,971.5 1,242,317.8 1,440,765.2 2,190,959.0
Asia Kuwait 9,424.2 45,894.4 38,566.8 53,491.8 54,954.6 59,591.3 28,418.5 36,687.4 94,016.2 123,712.4 141,617.2
Lebanon 10,467.2 79,992.5 41,232.7 104,309.0 90,398.2 15,787.8 16,460.4 30,659.0 61,491.5 65,805.5 37,592.1
Malaysia 9,871.6 5,929.0 12,398.4 57,837.7 45,580.5 5,556.5 107,335.2 78,417.2 29,316.4 64,445.6 230,619.0
Pakistan 333,743.0 192,626.5 768,074.1 896,279.3 678,817.2 855,052.2 1,441,769.4 1,084,808.0 304,739.1 61,784.5 688,547.0
Saudi Arabia 2,057,646.6 2,837,432.3 3,085,698.2 3,075,268.7 3,836,761.6 4,028,128.5 3,981,781.2 4,400,225.0 4,974,581.1 5,667,200.5 7,175,544.1
Singapore 90,801.2 46,255.1 27,476.5 14,236.7 22,061.2 204,215.6 128,152.6 93,295.4 227,603.6 955,530.0 1,608,022.8
Yemen 263,614.8 342,272.8 379,117.3 571,866.5 734,790.4 439,271.6 362,192.6 456,992.0 1,180,754.7 1,697,120.6 1,047,539.2
Thailand 35,140.8 155,088.6 140,299.9 147,971.0 111,444.1 105,215.7 94,324.3 87,940.9 152,740.6 121,436.1 28,623.0
UAE 1,119,157.4 1,284,684.7 1,340,649.8 1,395,130.2 1,931,357.2 1,791,062.6 1,982,406.3 2,694,755.9 3,093,574.6 3,695,524.5 5,430,018.1
Others 370,393.0 846,426.7 1,644,761.6 1,320,681.0 1,550,549.5 1,160,854.1 1,879,038.7 3,985,634.2 4,174,926.4 3,200,481.5 5,990,857.1
Total 9,737,177.2 13,654,330.2 16,785,231.9 18,906,670.1 23,645,567.4 21,122,130.8 24,229,055.8 25,512,456.4 29,322,137.8 31,431,443.1 37,161,766.5
%Share Of Continent 28.3 27.1 29.8 34.1 36.5 35.8 40.5 37.7 39.6 39.7 32.7
Australia 100,714.1 199,586.8 332,554.2 246,875.7 379,097.3 417,653.3 330,080.8 473,534.0 443,828.2 516,438.5 528,841.3
Oceania
Others 15,655.1 55,913.1 67,670.3 127,756.1 77,090.7 84,325.8 157,422.4 112,992.7 181,580.2 122,034.7 197,213.0
Total 116,369.2 255,499.9 400,224.5 374,631.7 455,711.7 501,979.2 487,503.3 586,526.7 625,408.4 638,473.2 726,054.2
%Share Of Continent 0.3 0.5 0.7 0.7 0.7 0.8 0.8 0.9 0.8 0.8 0.6
Unspecified - - - - 0 0 0
Grand Total 34,353,821.8 50,326,683.5 56,276,324.1 55,501,084.2 64,762,746.5 59,071,421.3 59,838,549.1 67,655,057.8 73,979,052.1 79,131,074.3 113,493,412.3
Source: Ethiopian Customs Authority.
Note1: Data for the year 2013 and 2014 is based on updated data from Ethiopian Revenue and Customs Authority
Note2: The data for Czechoslovakia before 2013 represents the sum of Czech republic and Slovakia
Table 23B: Direction of Trade**
(in millions of USD)
2019/20 2020/21 2021/22
QI QII QIII QIV QI QII QIII QIV QI Percentage Change
Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import
Country of Origin G H I J K L M N O P Q R S T U V W X Y=W/O Z=X/P
Djibouti 35.2 7.7 25.9 5.3 27.5 4.7 29.4 20.5 21.0 22.8 20.8 16.0 27.9 18.6 26.8 81.8 27.1 72.1 29.3 216.7
Egypt 0.8 43.3 1.0 51.4 2.8 95.3 0.7 102.3 1.4 42.4 1.6 61.9 1.5 97.0 1.1 83.1 1.6 94.9 13.8 123.9
Ghana 0.4 0.1 0.1 0.0 0.1 0.3 0.0 0.1 0.4 0.1 0.1 0.2 0.1 0.2 0.4 0.6 0.1 57.7 (35.4)
Kenya 6.0 13.0 4.8 41.3 2.3 17.4 1.4 13.7 1.9 12.0 2.2 11.6 2.0 16.4 2.9 16.8 2.0 27.6 7.6 129.9
Libia - - - - - - - - - - - - - - - - - - - -
Morocco 0.0 0.0 0.1 0.4 - 284.7 0.3 140.1 0.5 1.4 0.9 0.3 0.4 347.4 0.5 236.4 0.4 1.1 (31.8) (18.0)
Nigeria 3.3 0.1 1.7 0.1 5.4 0.1 0.9 0.0 3.2 0.0 0.5 0.0 1.1 0.0 1.6 0.0 0.4 0.4 (86.3) 45,340.1
Ruwanda 0.1 0.0 0.0 0.0 0.1 0.0 - 0.1 0.5 - 0.6 - 0.1 9.5 0.0 15.9 0.0 2.8 (96.7) -
Somali Land - 0.3 - 0.1 - 0.1 - 0.0 - 0.1 - 0.0 - 0.0 - 0.3 - 0.1 - 51.6
Somalia 78.7 - 48.1 - 47.3 - 56.6 - 34.5 - 33.5 - 81.6 - 74.7 - 101.3 - 193.5 -
South Africa 2.0 35.2 1.6 54.7 2.2 64.0 1.6 29.9 1.6 40.3 0.9 28.2 1.4 31.7 2.5 44.5 3.2 32.6 103.0 (19.1)
Sudan 9.8 26.3 17.9 5.8 20.4 19.1 20.0 22.2 23.2 19.4 19.3 6.6 19.1 1.2 23.5 2.4 16.8 0.7 (27.4) (96.3)
Tanzania 0.3 1.0 0.0 1.8 1.1 0.9 1.0 2.3 0.9 0.4 0.0 0.4 0.0 0.2 0.0 0.1 0.1 0.0 (92.0) (89.0)
Uganda 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.3 0.7 0.2 1.1 0.1 0.4 0.2 0.8 0.3 0.5 6.1 (30.3)
Zambia 0.3 0.0 - 0.0 1.8 0.0 0.0 0.0 2.2 0.2 0.4 - 0.0 0.0 0.0 0.0 0.0 0.0 (99.2) (96.7)
Zembabwe 0.0 0.0 0.0 - 0.0 0.2 0.0 0.3 0.0 - 0.4 0.1 0.0 0.0 0.9 0.0 0.0 - (58.0) -
Others 10.5 1.2 30.2 1.3 43.8 19.7 17.8 1.0 61.8 3.1 66.6 1.2 15.9 1.6 53.6 1.2 21.2 1.1 (65.7) (64.3)
Total 147.5 128.2 131.4 162.4 154.8 506.9 129.7 332.8 153.2 143.0 148.0 127.5 151.5 524.3 188.7 483.7 175.0 234.1 14.2 63.8
Africa: %Share Of Continent 20.40 3.42 23.28 4.25 20.43 13.98 13.76 12.38 18.36 4.11 20.49 3.84 17.15 14.67 16.04 12.36 18.00 5.66 - -
Austria 0.0 6.8 0.0 7.3 0.0 6.3 0.0 3.0 0.0 6.0 0.0 2.9 0.1 4.5 0.0 6.1 0.0 2.6 343.2 (55.8)
Belgium 22.4 43.6 12.5 79.8 21.2 90.9 24.4 27.2 20.7 20.3 14.7 33.7 27.2 48.5 28.9 87.4 37.6 21.5 81.5 5.7
Bulgaria 0.5 7.0 0.3 8.9 1.3 0.3 0.5 0.5 0.6 10.2 0.5 0.7 0.6 11.2 0.6 1.2 0.7 1.1 21.8 (89.0)
Cyprus 0.1 1.5 - 3.1 0.3 1.4 0.3 0.7 - 1.6 - 1.1 - 5.2 - 3.0 - 2.2 - 41.4
Czech Republic 0.0 2.9 - 1.9 0.0 9.5 0.0 1.1 0.0 1.4 0.0 1.4 - 2.7 0.1 1.8 0.1 2.4 690.2 77.2
Slovakia 0.0 0.4 0.0 0.9 - 0.4 - 0.4 0.0 0.1 0.0 0.1 - 0.2 0.0 1.1 - 0.1 - 89.9
Denmark 0.2 7.0 0.2 13.2 0.2 13.4 0.2 7.1 0.3 18.7 0.2 3.9 0.2 7.1 0.4 9.2 0.2 7.2 (42.2) (61.4)
Finland 0.1 3.7 0.0 0.3 1.1 0.6 2.4 1.2 0.0 0.5 0.0 0.8 1.7 2.7 1.7 3.5 0.2 2.4 2,802.4 397.4
France 6.2 37.0 9.3 56.9 5.4 31.0 7.5 133.5 5.5 50.8 4.4 36.3 5.7 47.6 8.0 55.5 9.9 55.9 80.7 10.1
Germany 49.2 68.1 33.2 95.5 36.7 75.7 41.6 57.1 29.8 74.5 22.9 58.1 39.1 45.1 43.7 39.3 73.7 59.4 147.4 (20.3)
Greece 1.0 1.1 0.8 1.8 1.1 2.5 1.2 0.9 0.8 1.6 1.1 1.1 1.3 0.4 2.7 2.8 2.0 2.4 138.5 43.5
Hungary 0.2 3.4 0.0 4.1 0.1 1.7 0.1 4.3 0.3 3.0 - 5.4 0.0 2.1 0.1 1.9 0.4 17.0 46.3 476.5
Ireland 0.1 11.0 0.1 12.9 0.1 8.4 0.0 6.6 0.0 10.2 0.0 6.6 0.1 8.7 0.0 7.7 0.1 16.1 1,382.1 58.4
Italy 11.1 71.9 9.2 63.5 7.2 76.9 16.7 50.9 10.8 83.3 8.1 94.0 12.1 106.7 14.0 58.6 18.8 66.5 73.2 (20.1)
Europe: Netherlands 81.2 95.4 65.5 22.3 82.5 23.7 79.2 13.5 78.7 31.8 79.9 23.8 93.4 18.9 58.6 23.0 89.3 27.0 13.5 (15.0)
Norway 3.6 1.3 2.9 0.7 2.8 3.0 3.0 0.3 2.2 1.9 2.8 0.4 2.7 0.8 1.7 1.9 3.2 0.4 44.7 (78.9)
Poland 0.3 7.0 0.3 12.8 0.1 5.0 0.2 4.2 0.2 8.8 0.1 22.2 0.1 7.3 0.1 10.8 0.5 5.8 136.9 (34.0)
Portugal 0.6 2.0 1.2 0.8 1.7 2.6 1.0 1.1 1.2 2.7 2.9 0.7 0.9 1.8 0.0 7.6 1.3 1.8 7.8 (33.8)
Rumania 0.1 38.6 0.3 12.2 0.3 0.5 0.1 0.2 0.0 30.9 0.2 0.3 0.4 0.3 0.1 78.8 - 9.5 - (69.3)
Spain 4.2 17.8 3.7 28.6 3.7 17.5 3.4 17.1 4.6 15.7 3.2 13.9 3.0 15.1 3.7 19.6 4.5 22.2 (1.7) 41.9
Sweden 1.5 28.3 1.0 9.1 1.8 3.7 1.5 14.9 1.4 3.1 1.3 11.4 2.3 4.3 1.5 3.2 2.9 6.1 104.6 99.5
Switzerland 7.0 32.3 7.8 5.1 14.4 6.7 169.6 28.4 204.4 5.8 132.7 29.4 115.1 4.0 223.5 35.4 136.2 5.1 (33.4) (12.4)
Turkey 3.8 151.0 8.2 176.0 13.5 158.0 8.5 126.6 4.9 375.5 7.0 147.2 8.4 83.8 4.3 149.0 9.2 309.0 89.1 (17.7)
Ukraine 0.4 140.6 0.2 106.0 0.3 40.0 0.3 52.0 0.4 29.1 0.6 146.9 0.6 63.7 0.8 163.7 2.0 132.2 366.5 353.6
United Kingdom 10.4 52.1 6.5 133.6 8.8 30.0 8.0 80.6 9.1 53.3 6.2 79.8 7.4 51.1 8.9 97.2 12.5 29.1 37.2 (45.5)
Russia 3.6 45.7 2.2 9.8 3.5 5.5 2.5 9.5 3.3 4.0 3.0 29.7 5.0 74.8 3.1 10.6 5.9 17.4 77.0 337.9
Yugoslavia - - - - - - - - - - - - - - - - - - - -
Others 10.7 7.0 6.2 3.6 15.4 10.0 17.7 2.5 2.9 4.9 1.7 10.5 1.3 29.2 90.9 3.7 5.7 7.5 97.5 52.5
Total 218.3 884.6 171.5 870.8 223.5 625.4 389.7 645.5 382.2 849.5 293.4 762.2 328.7 647.8 497.3 883.7 416.9 830.1 9.1 (2.3)
%Share Of Continent 30.19 23.61 30.40 22.80 29.50 17.25 41.33 24.01 45.79 24.41 40.63 22.95 0.00 18.13 42.26 22.59 42.88 20.07 - -
Brazil - 3.8 - 3.9 - 5.1 - 4.2 - 21.2 - 7.7 - 7.9 0.0 7.8 0.1 6.3 - (70.4)
Canada 2.8 4.8 3.3 37.8 4.2 26.6 4.2 7.6 3.6 4.3 3.9 28.1 4.0 10.2 4.7 4.5 6.8 8.7 87.6 101.5
Cuba - 0.0 - - - 0.1 - - - - - 0.0 - - - - - 0.0 - -
Mexico 0.5 1.6 0.2 2.1 0.3 3.1 1.3 1.0 0.6 0.8 0.0 3.2 0.0 2.1 0.8 1.4 0.8 1.5 27.1 80.3
United States 42.6 307.3 39.1 316.7 46.3 299.8 84.5 147.2 59.0 157.5 40.6 211.6 70.0 262.7 84.3 328.8 82.6 277.9 40.1 76.5
Others 34.4 1.9 12.0 2.6 30.7 102.9 9.2 15.7 1.5 4.9 0.7 3.3 1.1 16.6 41.2 8,338,023.4 1.6 2.6 12.2 (47.9)
Total 80.3 319.4 54.5 363.1 81.4 437.6 99.2 175.6 64.7 188.7 45.3 253.9 75.1 299.5 131.1 344.8 91.9 297.0 42.0 57.4
America: %Share Of Continent 11.10 8.53 0.00 9.51 10.74 12.07 10.52 6.53 7.75 5.42 0.00 7.64 0.00 8.38 11.14 8.81 9.45 7.18 - -
China, Mainland 19.4 933.9 20.0 1,072.7 23.3 894.5 21.2 710.4 13.1 918.0 15.9 890.0 22.3 837.7 18.5 622.6 18.8 785.9 44.2 (14.4)
China, Taiwan 4.9 25.5 2.4 26.9 3.3 13.5 11.7 23.8 5.2 17.8 2.7 12.1 4.5 12.6 4.6 8.8 6.5 17.9 24.8 0.5
Hong Kong 1.5 1.2 1.6 0.7 5.2 1.4 3.7 0.6 3.7 18.2 3.4 12.4 6.7 1.3 4.6 0.2 6.8 0.6 85.1 (96.8)
India 22.3 329.1 16.3 341.2 11.1 286.6 6.7 131.9 9.6 569.7 15.1 457.9 29.4 330.0 20.5 407.8 18.8 872.9 94.5 53.2
Indonesia 10.5 72.0 5.6 59.4 7.4 80.9 6.1 70.6 6.6 111.0 6.5 85.4 11.9 80.1 7.0 48.9 4.0 60.8 (39.2) (45.2)
Israel 27.2 5.2 24.8 8.6 36.3 6.0 13.6 3.4 18.0 3.1 16.9 4.4 24.2 4.6 15.5 4.5 24.9 4.3 38.2 39.5
Japan 32.8 80.7 19.6 45.4 25.2 32.4 35.7 21.8 20.9 32.2 15.6 27.8 14.4 18.4 20.6 28.2 28.1 21.3 34.9 (33.9)
N.Korea, Pdrk 0.0 0.5 - 1.4 0.0 0.0 0.0 0.9 0.0 0.3 0.0 1.9 0.2 0.2 0.0 0.7 0.3 0.1 21,413.4 (67.1)
S.Korea 16.7 39.5 7.8 43.6 15.9 44.3 23.7 58.9 15.2 41.0 8.8 44.1 18.8 69.8 20.2 62.2 20.1 29.6 32.4 (27.7)
Kuwait 1.2 421.1 0.8 417.3 0.8 141.0 0.8 107.5 1.4 116.0 1.0 0.3 2.8 0.0 2.8 349.2 0.8 147.3 (42.6) 27.0
Lebanon 0.4 0.4 1.0 0.5 0.7 0.1 0.1 0.0 0.2 0.2 0.1 0.5 1.0 0.3 0.3 0.0 0.4 0.4 106.2 114.0
Malaysia 1.3 37.4 0.2 45.4 0.3 36.4 1.9 32.2 1.9 125.5 2.3 105.7 4.4 106.9 1.8 276.8 2.3 294.9 19.4 135.0
Pakistan 0.2 5.8 0.4 11.3 5.5 5.9 5.8 8.3 5.4 8.2 3.1 13.1 2.8 12.8 1.2 9.5 3.9 11.4 (27.4) 40.2
Saudi Arabia 55.3 56.5 44.7 181.7 55.5 121.7 51.5 97.6 53.3 60.2 45.9 72.2 58.4 300.6 45.7 59.8 66.4 72.3 24.7 20.1
Singapore 7.5 9.6 6.6 10.0 16.4 113.4 8.3 64.0 6.2 104.2 15.2 2.4 15.7 2.1 6.1 33.8 12.1 5.4 95.9 (94.8)
Yemen 18.5 0.7 6.3 0.4 6.7 0.6 6.8 0.7 9.5 1.3 6.9 0.7 5.1 0.0 7.6 1.1 4.5 0.4 (52.2) (72.5)
Thailand 0.9 27.3 1.0 25.7 0.3 30.1 0.1 18.7 0.4 25.1 0.0 71.9 0.3 17.2 0.2 13.1 0.3 44.6 (34.5) 77.5
UAE 23.5 98.3 26.6 99.3 47.5 193.7 26.9 155.4 32.0 115.1 48.3 348.8 57.4 266.9 36.9 209.7 34.1 307.1 6.4 166.8
Others 25.7 265.6 18.2 30.3 33.3 50.4 93.7 22.4 24.5 25.9 24.1 24.1 40.3 38.6 131.6 56.0 25.7 94.8 4.8 266.3
Total 269.8 2,410.2 204.0 2,421.6 294.8 2,052.8 318.0 1,529.1 227.1 2,292.8 231.7 2,175.8 320.7 2,100.1 345.9 2,193.0 278.9 2,772.0 22.8 20.9
Asia: %Share Of Continent 37.32 64.33 36.15 63.39 38.91 56.61 33.72 56.87 27.21 65.88 32.08 65.50 0.00 58.76 29.39 56.06 28.68 67.01 - -
Australia 5.0 2.2 2.5 1.1 2.5 2.1 4.9 4.3 6.2 5.5 1.5 1.2 6.0 1.4 7.4 5.9 7.8 2.7 25.0 (50.8)
Others 2.1 1.7 0.3 0.9 0.7 1.5 1.3 1.3 1.2 0.9 2.3 0.9 1.2 0.7 6.4 0.9 1.9 0.7 49.5 (21.9)
Total 7.1 4.0 2.9 2.0 3.2 3.6 6.3 5.7 7.5 6.3 3.8 2.0 7.2 2.1 13.7 6.8 9.6 3.4 29.1 (46.9)
Oceania: % Share Of Continent 0.99 0.11 0.51 0.05 0.42 0.10 0.66 0.21 0.89 0.18 0.53 0.06 0.00 0.06 1.17 0.17 0.99 0.08 - -
Unspecified Unspecified - - - - - - - - - - - - - - - -

Grand Total Grand Total 723.0 3,746.4 564.2 3,820.0 757.6 3,626.3 942.9 2,688.6 834.7 3,480.3 722.3 3,321.5 883.1 3,573.9 1,176.7 3,911.9 972.4 4,136.6 16.5 18.9
Source: Ethiopian Customs Commission
* Data on import of petroleum products are obtained from Ethiopian Petroleum Enterprise
** All import data are updated based on revised data from the Ethiopian Customs Commission
Table 24: Volume of Exports, by Major Commodity Groups
( In metric tone)
Leather and Meat &
Leather Meat Petrol. & Pet. Text. & Text.
a
Period Coffee Oil Seeds products Pulses Prodts. Fruits & Veget. Sugar Gold Oil Cakes Live Animals Chat Prdts Bees Wax Tantalem Cotton Prdts
July 19,045.3 10,723.8 233.5 19,346.9 1,222.3 14,729.8 2,500.0 1.0 - 2,878.0 4,216.8 - 31.5 5.3 - 2,265.5
August 20,022.6 17,142.7 164.9 24,890.7 968.6 11,641.0 - 0.9 - 2,023.0 6,353.7 - 18.0 3.6 - 2,199.9
September 39,067.8 27,866.4 398.4 44,237.6 2,190.9 26,370.7 2,500.0 0.8 - 4,901.0 10,570.5 - 49.5 9.0 - 4,465.4
Qtr I 78,135.6 55,732.8 796.8 88,475.2 4,381.9 52,741.5 5,000.0 2.7 - 9,802.0 21,141.0 - 99.0 17.9 - 8,930.8
October 13,839.0 15,815.6 172.1 16,118.0 1,036.4 14,561.5 1.7 0.9 - 2,222.8 6,338.5 - 16.0 10.0 - 1,846.6
November 14,346.1 19,635.6 180.8 15,025.8 1,107.9 19,095.2 1.1 0.5 - 1,101.6 4,934.5 - 36.0 1.0 - 1,999.0
December 10,266.9 32,961.9 169.1 19,315.0 1,030.3 12,647.5 2.4 0.5 - 1,744.5 5,529.9 - - 4.3 - 1,559.6
Qtr II 38452.0 68413.0 522.0 50458.8 3174.7 46304.1 5.3 1.9 - 5068.9 16802.9 - 52.0 15.3 0.0 5405.2
2020/21
January 12005.3 21177.3 195.3 21663.7 1197.4 16945.1 3.0 0.4 - 1776.9 6483.3 - 0.0 1.4 0.0 1647.3
February 15727.4 24488.7 213.4 36164.4 1320.9 24063.4 1.0 0.5 - 1754.1 5644.1 - 54.0 5.6 0.0 1831.7
March 27267.1 30565.2 217.7 34448.4 1436.9 23661.5 0.6 0.7 - 3062.1 5046.1 - 0.0 12.0 0.0 2264.4
Qtr III 54999.9 76231.3 626.4 92276.5 3955.2 64669.9 4.6 1.6 - 6593.1 17173.5 - 54.0 19.0 0.0 5743.3
April 28837.8 22714.7 199.2 25812.6 1676.9 25523.6 0.4 0.8 - 2842.2 3952.9 - 19.5 9.6 0.0 2251.9
May 32683.2 16175.5 152.4 24972.4 1430.3 21436.1 0.0 1.7 - 1063.2 7052.5 - 18.0 0.4 0.0 2219.8
June 40148.8 15749.3 238.9 23314.9 1190.3 24897.8 0.0 0.4 - 3781.6 9562.6 - 36.0 7.5 0.0 2332.8
Qtr IV 101669.8 54639.5 590.5 74099.9 4297.4 71857.5 0.4 2.9 - 7687.1 20568.0 - 73.5 17.5 0.0 6804.4
July 31194.9 15095.0 175.6 16917.6 1807.3 19603.7 0.0 0.6 - 1168.6 9206.0 - 0.0 2.9 0.0 2389.7
August 32091.0 14779.6 201.4 15648.6 1633.3 24021.5 0.0 1.0 - 1383.3 6463.7 - 10.0 5.0 0.0 3027.2
2021/22
September 23162.7 12370.7 156.8 11978.7 1472.4 13746.6 0.0 0.7 - 968.1 5208.5 - 0.0 17.8 0.0 1750.6
Qtr I 86448.6 42245.3 533.8 44544.9 4913.0 57371.9 0.0 2.3 - 3520.0 20878.2 - 10.0 25.7 0.0 7167.6
Table 24 continued:
Cereals and Animal Electricity (in
Period Period Flour Natural Gum Civet Hop Fodder Natural Honey Marble Flower Beverage Spices Others '1000' kwh) Others* Re-Exports Grand Total*
July 1,088.0 43.5 - - - 0.6 - 7,523.7 271.0 823.9 3,862.7 18,351.5 15,884.2 90,812.9
August 970.2 81.0 - - - 0.2 - 7,421.2 324.7 1,108.7 7,359.0 16,605.3 19,468.4 102,694.4
September 2,058.1 124.5 - - - 0.9 - 14,944.9 595.6 1,932.5 11,221.7 8,054.6 35,352.7 193,506.3
Qtr I 4,116.3 249.0 - - - 1.7 - 29,889.8 1,191.2 3,865.1 22,443.4 43,011.4 70,705.3 387,013.7
October 1,630.5 77.8 - - - 1.2 - 7,904.2 331.3 920.2 11,612.5 111,669.7 1,856.6 71,979.2
November 2,480.0 95.4 - - - - - 7,677.3 235.4 940.6 9,022.8 126,045.1 2,000.0 77,465.1
December 505.1 44.1 - - - 1.1 - 8,432.8 2,050.5 962.1 11,415.5 104,564.2 1,563.9 85,231.8
2020/21 Qtr II 4615.6 217.3 - - - 2.3 0.0 24014.4 2617.1 2822.9 32050.7 342279.0 71760.9 301016.6
January 1299.4 0.0 - - - 0.0 0.0 8507.8 154.0 500.8 9637.9 103446.3 21748.6 103196.2
February 536.9 49.3 - - - 1.1 0.0 9520.0 543.3 629.6 5633.2 108704.1 18750.7 128182.7
March 3226.3 80.6 - - - 1.1 0.0 9330.3 134.6 1601.2 10083.7 147448.5 26734.2 152440.6
Qtr III 5062.7 129.9 - - - 2.2 0.0 27358.1 831.9 2731.5 25354.9 359598.9 67233.6 383819.5
April 3027.7 67.1 - - - 1.9 0.0 8944.5 394.2 1737.5 5930.1 163019.9 22364.5 133945.1
May 6047.7 16.0 - - - 0.6 0.0 9960.3 302.8 1269.2 7824.6 173400.8 27641.4 132626.7
June 3107.1 122.2 - - - 3.7 0.0 8560.6 324.8 1396.0 6300.9 168806.3 22155.7 141076.4
Qtr IV 12182.6 205.3 - - - 6.2 0.0 27465.3 1021.9 4402.8 20055.6 505227.1 72161.6 407648.2
July 3745.2 41.6 - - - 1.3 0.0 9820.6 501.3 720.5 5588.1 149051.3 22811.2 117980.5
August 3835.7 29.2 - - - 21.4 0.0 8882.3 166.3 1010.7 6386.0 164159.6 23363.8 119597.3
2021/22
September 1929.7 47.0 - - - 1.4 0.0 8557.3 182.1 558.2 4691.5 110152.2 17735.5 86800.7
Qtr I 9510.6 117.8 - - - 24.1 0.0 27260.2 849.7 2289.5 16665.5 423363.0 63910.5 324378.5
Source: Ethiopian Ministry of Revenues, Ethiopian Electric Power (EEP) and Ethiopian Electric Utility (EEU)
Table 25: Value of Exports, by Major Commodity Groups (In Thousands of Birr)
Leather and
Leather Meat & Meat Fruits & Live Petrol. & Pet. Text. & Text.
Period Coffee Oil Seeds products Pulses Prodts. Vegetables Sugar Gold Oil Cakes Animals Chat Prdts Bees Wax Tantalem Cotton Prdts
July 2,253,111.2 501,603.4 120,006.3 469,340.2 207,566.3 148,956.2 7,523.7 2,512,614.9 189,967.1 860,893.1 - 8,073.1 16,381.1 - 539,007.9
August 2,599,653.0 759,998.3 110,043.4 635,376.1 182,834.0 157,595.2 - 2,550,584.7 125,757.0 1,280,546.4 - 5,270.0 3,046.7 - 561,836.8
September 1,765,567.8 819,729.3 101,448.2 567,801.2 180,492.7 167,145.6 23.0 2,201,827.9 126,741.1 1,252,666.5 - - 18,440.6 - 378,430.7
Qtr I 6,618,332.1 2,081,331.0 331,497.9 1,672,517.6 570,893.0 473,697.0 7,546.7 7,265,027.5 - 442,465.2 3,394,106.0 - 13,343.0 37,868.3 - 1,479,275.5
October 1,706,348.8 733,048.4 104,287.7 432,939.3 198,124.9 176,126.6 25.1 2,301,388.5 139,858.7 1,292,886.6 - 3,856.4 19,159.2 - 427,966.8
Noveber 1,663,102.0 1,053,769.7 103,475.9 450,235.5 217,778.1 199,359.0 16.8 1,541,811.5 74,947.9 1,053,395.4 - 9,898.4 556.4 - 464,750.0
December 1,171,927.9 1,851,895.2 116,437.7 569,548.7 204,902.6 183,011.7 164.1 1,147,517.8 111,853.4 1,172,524.7 - - 10,992.7 - 391,896.4
Qtr II 4,541,378.8 3,638,713.3 324,201.3 1,452,723.6 620,805.6 558,497.3 206.0 4,990,717.8 - 326,660.1 3,518,806.6 - 13,754.8 30,708.3 - 1,284,613.2
2020/21
January 1,639,975.3 1,178,739.7 102,138.6 721,014.4 228,408.5 202,367.4 46.9 1,317,258.5 117,616.9 1,427,215.9 - - 2,096.4 - 406,836.6
February 2,371,167.3 1,325,553.7 127,548.5 1,320,938.8 272,889.4 381,804.9 16.4 1,407,646.1 120,853.3 1,278,871.1 - 16,856.2 15,834.3 - 453,394.7
March 4,350,209.9 1,738,947.5 133,301.1 1,194,955.3 305,713.3 301,331.7 9.5 1,869,897.6 194,430.2 1,210,445.9 - - 33,140.1 - 512,987.2
Qtr III 8,361,352.4 4,243,240.8 362,988.2 3,236,908.5 807,011.2 885,504.0 72.9 4,594,802.2 - 432,900.4 3,916,533.0 - 16,856.2 51,070.8 - 1,373,218.5
April 4,737,425.8 1,280,766.6 131,371.4 1,010,599.0 367,912.7 253,201.2 7.3 2,284,717.8 206,064.2 973,576.6 - 6,790.2 35,148.9 - 534,583.9
May 5,559,486.6 965,848.4 112,912.8 949,324.2 331,119.2 250,048.0 - 4,809,477.8 87,853.1 1,729,945.5 - 6,328.5 721.5 - 480,337.4
June 6,549,852.4 970,332.8 162,364.6 921,206.3 266,688.4 310,034.6 - 1,433,676.0 262,896.4 2,275,913.8 - 12,154.0 24,283.8 - 573,072.1
Qtr IV 16,846,764.8 3,216,947.8 406,648.8 2,881,129.5 965,720.3 813,283.8 7.3 8,527,871.5 - 556,813.7 4,979,436.0 - 25,272.7 60,154.2 - 1,587,993.4
July 5,097,631.7 921,108.1 108,933.7 710,332.4 432,369.9 291,034.3 - 1,659,165.7 81,652.2 2,182,539.7 - - 2,715.3 - 559,023.2
August 5,548,542.0 907,079.0 132,159.0 694,966.8 381,632.3 432,050.0 - 2,603,615.6 98,315.4 1,627,111.6 - 3,073.8 21,496.0 - 761,588.7
2021/22
September 4107651.659 807800.8726 127906.8546 556969.1738 367099.7242 227124.3447 0 1832553.439 65705.15924 1372620.405 0 0 45119.687 0 541481.5089
Qtr I 14753825.39 2635988.002 368999.4916 1962268.377 1181101.87 950208.6076 0 6095334.745 0 245672.8148 5182271.716 0 3073.797888 69330.963 0 1862093.383
Table 25 (continued):
Cereals and Animal Natural
Period Flour Natural Gum Civet Hop Fodder Honey Marble Flower Beverage Spices Others Electricity Others* Re-Exports Grand Total
July 25,453.9 5,442.6 - - - 284.3 - 1,173,301.1 11,707.5 37,510.4 230,621.6 343,493.4 2,383,203.7 9,662,859.1
August 29,513.6 15,560.7 - - - 13.3 - 1,201,339.5 30,788.5 43,301.2 264,971.2 317,539.7 2,467,911.2 10,875,569.3
September 30,898.2 7,326.3 - - - 216.6 - 1,292,527.3 10,917.4 35,117.1 183,406.1 167,796.9 2,125,077.1 9,308,520.6
Qtr I 85,865.7 28,329.5 - - - 514.2 - 3,667,167.9 53,413.4 115,928.7 678,998.9 828,830.0 6,976,192.0 29,846,949.0
October 50,788.7 17,423.7 - - - 169.1 - 1,330,928.7 11,360.5 42,073.6 294,500.7 226,347.9 2,420,718.8 9,509,609.9
Noveber 62,380.9 18,897.7 - - - - - 1,327,112.8 9,354.3 38,596.1 222,305.6 265,542.6 2,409,496.4 8,777,286.6
December 29,647.0 5,578.3 - - - 255.6 - 1,545,105.6 37,594.3 49,840.4 217,095.9 230,389.9 2,518,396.1 9,048,179.8
Qtr II 142,816.5 41,899.7 - - - 424.7 - 4,203,147.1 58,309.1 130,510.0 733,902.2 722,280.4 7,348,611.2 27,335,076.3
2020/21
January 39498.0 220.0 - - - 8.7 0.0 1716383.4 10823.3 29698.5 207761.3 229538.4 2642864.7 9577647.0
February 25714.5 9517.5 - - - 246.9 0.0 1796703.2 11452.9 42160.8 191131.2 240591.8 2786747.7 11410893.4
March 89994.7 13081.1 - - - 385.7 0.0 1728587.1 6110.3 68381.6 231589.7 332420.2 3016677.8 14315919.7
Qtr III 155207.3 22818.6 - - - 641.3 0.0 5241673.7 28386.6 140240.8 630482.2 802550.4 8446290.2 35304460.0
April 75007.9 13925.4 - - - 243.2 0.0 1683226.0 19217.9 70576.4 322979.0 373794.6 3128703.3 - 14381136.2
May 178849.6 3389.6 - - - 78.6 0.0 1989358.8 15401.6 79897.0 322617.2 410509.1 3481160.5 - 18283504.5
June 120465.7 26883.7 - - - 1134.6 0.0 1677057.9 17196.0 83476.6 450017.9 411576.0 3385164.2 - 16550283.6
Qtr IV 374323.2 44198.7 - - - 1456.4 0.0 5349642.7 51815.5 233950.0 1095614.1 1195879.7 9995028.0 - 49214924.3
July 136283.5 8802.4 - - - 308.8 0.0 1857696.7 30731.0 46830.4 316107.2 352912.8 3311411.1 14796178.8
August 158991.3 7067.9 - - - 3572.9 0.0 1832693.9 8509.2 107749.1 430693.8 395488.4 3727851.2 16156396.7
2021/22
September 55624.8 10174.5 - - - 462.3 0.0 1812480.9 10661.4 70308.2 372370.0 280687.5 3199370.8 12664802.5
Qtr I 350899.6 26044.7 - - - 4344.1 0.0 5502871.5 49901.6 224887.7 1119171.0 1029088.7 10238633.2 0.0 43617378.0
Source: Ethiopian Ministry of Revenues, Ethiopian Electric Power (EEP) and Ethiopian Electric Utility (EEU)
Table 26: Value of Imports, by Major Commodity Groups**
(In 000 birr)

Period Food & Live Animals Beverages Tobacco Petroleum Crude Petroleum Prod.**** Chemicals Fertilizers Medical & Pharm. Prod Soap & Polish Rubber Prod. Paper & Paper Manfc.
July 3,802,288 84,733 17,565 - 4,005,416 615,365 1,159,646 401,377 409,560 1,104,217 242,987
August 3,496,843 87,967 11,682 - 5,314,851 609,001 907,318 431,281 466,233 915,914 227,111
September 1,701,756 83,051 10,190 - 3,479,759 517,096 645,457 184,967 476,132 1,000,470 268,286
Qtr I 9,000,887 255,751 39,437 - 12,800,026 1,741,461 2,712,421 1,017,625 1,351,925 3,020,602 738,383
October 4,038,354 89,829 22,764 - 4,905,083 429,002 1,898,098 452,818 304,869 854,162 290,230
November 3,862,857 56,611 7,827 77 3,972,926 621,143 1,117,956 116,597 406,864 721,981 214,967
December 6,049,917 123,541 34,123 - 5,857,930 409,417 3,608,492 238,817 476,862 867,410 307,763
Qtr II 13,951,128 269,982 64,714 77 14,735,939 1,459,562 6,624,546 808,232 1,188,595 2,443,553 812,960
2020/21
January 4,050,719 46,217 7,036 - 6,368,999 402,606 2,326,734 65,260 294,420 670,208 215,392
February 4,942,293 80,940 20,371 - 6,766,180 467,774 1,465,432 567,329 602,770 802,370 292,954
March 4,034,248 53,950 4,587 - 7,668,012 542,080 2,460,747 659,485 633,446 901,235 295,305
Qtr III 13,027,260 181,107 31,994 - 20,803,192 1,412,460 6,252,913 1,292,075 1,530,636 2,373,813 803,651
April 5,104,360 47,486 18,490 9,982 9,128,514 496,155 2,518,328 346,723 630,791 549,809 312,829
May 9,530,171 53,770 11,355 - 7,533,498 519,819 1,373,151 586,319 433,831 845,792 415,048
June 9,263,589 136,144 36,063 - 7,596,294 475,760 1,519,469 356,485 289,885 726,193 276,901
Qtr IV 23,898,119 237,400 65,907 9,982 24,258,306 1,491,734 5,410,948 1,289,527 1,354,508 2,121,795 1,004,779
July 7,762,198 249,613 9,044 - 10,304,388 666,155 1,163,138 433,971 519,200 1,520,414 446,187
August 13,612,510 348,666 37,640 - 9,853,899 453,096 990,220 688,971 512,807 784,665 291,328
2021/22
September 8387268.968 145552.3729 20912.93507 0 9234665.073 674602.1059 1490288.523 1088285.993 505812.3911 812875.3035 343222.016
Qtr I 29761976.82 743831.2356 67596.89402 0 29392951.8 1793853.221 3643646.074 2211227.811 1537820.066 3117953.813 1080736.855
Table 26: (continued)

Period Textiles Clothings Glass & Glass Ware Metal & Metal Manfc. Machinery & Aircraft Road Motor Vehicles Electrical Materials Grain* Telecomm. Appara. Others GRAND TOTAL
July 902,516 755,276 279,186 4,108,277 3,526,870 371,658 3,041,143 1,454,745 39,726 14,947,713 39,815,519
August 928,966 642,861 246,472 5,338,083 4,859,479 950,531 2,048,972 1,818,542 76,406 19,178,571 46,738,542
September 1,111,745 762,188 332,190 4,890,623 7,828,973 741,157 2,239,114 250,257 16,005 11,584,901 37,874,060
Qtr I 2,943,227 2,160,325 857,848 14,336,983 16,215,322 2,063,347 7,329,228 3,523,544 132,138 45,711,184 124,428,121
October 1,321,964 589,154 173,326 4,554,625 6,449,041 398,497 3,367,306 106,663 83,874 10,744,643 40,967,641
November 1,494,627 834,005 253,584 4,454,309 4,654,116 289,903 2,391,431 663,282 19,768 13,554,921 39,046,470
December 1,254,236 1,012,017 245,716 4,501,654 5,678,288 421,950 3,661,502 2,672,640 170,981 10,914,804 45,835,420
Qtr II 4,070,828 2,435,175 672,627 13,510,588 16,781,444 1,110,350 9,420,239 3,442,585 274,624 35,214,368 125,849,531
2020/21
January 1,073,433 659,886 187,840 3,892,077 7,590,566 209,966 3,873,570 1,509,118 54,332 15,918,060 47,907,320
February 1,184,950 737,839 250,964 4,494,625 5,930,035 396,980 2,819,977 1,551,124 36,135 12,158,482 44,018,399
March 1,047,928 394,082 268,615 3,726,382 6,312,345 279,002 2,571,059 1,333,102 78,492 18,762,750 50,693,753
Qtr III 3,306,311 1,791,807 707,419 12,113,084 19,832,946 885,948 9,264,607 4,393,345 168,959 46,839,292 142,619,472
April 974,123 660,205 285,263 5,313,517 4,971,691 271,420 1,948,110 1,603,807 89,222 16,233,246 49,910,263
May 1,016,055 519,280 304,324 3,051,645 10,685,237 263,903 2,961,780 2,656,403 60,677 20,762,783 60,928,439
June 793,876 310,690 199,033 4,791,455 9,519,079 264,311 2,029,206 4,340,895 83,966 16,936,918 55,605,319
Qtr IV 2,784,054 1,490,176 788,620 13,156,617 25,176,007 799,634 6,939,096 8,601,105 233,865 53,932,947 166,444,021
July 1,231,099 382,905 252,931 3,217,537 4,971,128 142,380 2,449,194 3,316,322 64,683 17,535,674 53,321,839
August 1,284,072 783,854 216,073 3,817,349 4,828,171 234,068 3,036,199 5,231,319 195,894 18,645,240 60,614,721
2021/22
September 1,164,053 567,536 324,710 5,351,215 4,630,136 380,397 1,951,557 4,999,172 8,767 35,085,208 72,167,065
Qtr I 3,679,224 1,734,295 793,714 12,386,102 14,429,435 756,844 7,436,949 13,546,813 269,345 71,266,122 186,103,625
*** Data on import of petroleum products are obtained from Ethiopian Petroleum Enterprise
** All the data are updated based on revised data from the Ethiopian Customs Commission
Table 27: Volume of Imports, by Major Commodity Groups**
(In Metric Tons)

Period Food & Live Animals Beverages Tobacco Petroleum Crude Petroleum Prod.**** Chemicals Fertilizers Medical & Pharm. Prod Soap & Polish Rubber Prod. Paper & Paper Manfc.
July 608,995.1 1,409.9 109.1 - 272,666.7 20,117.3 1,184.6 77.4 6,735.6 14,090.3 77,678.8
August 324,306.1 1,170.3 80.1 - 357,700.9 17,370.6 1,609.2 108.1 9,710.4 8,678.1 7,025.8
September 250,296.1 1,304.2 70.4 - 248,319.6 16,695.3 1,370.5 56.4 9,305.8 10,397.5 7,767.0
Qtr I 1,183,597.3 3,884.4 259.6 - 878,687.3 54,183.2 4,164.3 242.0 25,751.8 33,166.0 92,471.6
October 288,296.6 1,244.4 241.8 - 344,425.7 13,681.1 1,409.9 110.6 5,177.9 8,428.9 9,944.8
November 311,444.4 1,413.9 31.1 0.1 265,051.8 16,107.7 2,792.1 41.6 6,721.3 6,594.1 6,365.2
December 551,310.0 2,162.2 175.3 - 328,418.3 9,866.6 2,278.0 67.2 7,870.3 7,648.6 6,984.3
Qtr II 1,151,051.0 4,820.5 448.2 0.1 937,895.8 39,655.5 6,480.0 219.4 19,769.5 22,671.6 23,294.3
2020/21
January 232,013.7 1,089.9 66.6 - 326,932.1 14,445.7 1,600.4 22.9 4,494.9 5,602.3 5,486.7
February 218,295.7 1,063.2 139.9 - 307,546.3 11,111.0 3,302.0 129.1 9,078.3 6,856.9 6,475.6
March 216,707.2 772.7 26.9 - 325,501.0 16,328.1 2,112.6 66.2 5,557.3 7,610.9 6,601.7
Qtr III 667,016.6 2,925.7 233.4 - 959,979.4 41,884.8 7,015.0 218.2 19,130.5 20,070.1 18,564.0
April 246,049.1 1,041.0 156.0 146.8 385,205.2 15,141.0 1,681.6 19.7 7,914.9 4,813.5 6,511.6
May 428,336.8 1,409.8 58.2 - 289,380.5 13,137.2 1,631.9 61.7 6,085.5 7,661.5 7,508.5
June 477,286.8 2,227.5 147.5 - 268,475.0 12,364.4 1,379.4 47.8 4,758.7 4,526.4 5,163.1
Qtr IV 1,151,672.7 4,678.3 361.8 146.8 943,060.7 40,642.6 4,692.9 129.2 18,759.1 17,001.4 19,183.1
July 391,839.6 2,327.0 31.4 - 350,055.7 16,932.6 2,957.7 80.5 5,548.3 16,436.6 7,310.6
August 571,765.5 2,882.9 192.8 - 344,259.9 11,403.9 1,797.5 33.4 5,006.0 7,109.9 5,381.1
2021/22
September 318,378.7 1,485.3 109.7 - 303,475.1 15,691.0 2,329.1 93.2 7,198.5 5,895.8 7,001.8
Qtr I 1,281,983.8 6,695.3 333.9 - 997,790.7 44,027.6 7,084.3 207.1 17,752.8 29,442.3 19,693.5

Table 27: (continued)

Period Textiles Clothings Glass & Glass Ware Metal & Metal Manfc. Machinery & Aircraft Road Motor Vehicles Electrical Materials Grain* Telecomm. Appara. Others GRAND TOTAL
July 10,826.4 2,621.8 9,160.8 118,533.0 14,243.5 2,260.5 10,533.1 495,349.9 24.8 997,404.4 2,168,673.0
August 10,057.2 2,371.8 10,823.7 142,660.4 15,888.1 7,458.3 7,812.3 181,365.4 21.5 919,417.6 1,844,270.5
September 10,998.0 2,778.4 10,690.6 142,615.2 20,432.0 4,336.0 7,067.4 153,822.8 3.0 396,748.6 1,141,252.2
Qtr I 31,881.6 7,771.9 30,675.1 403,808.6 50,563.6 14,054.8 25,412.9 830,538.1 49.2 2,313,570.6 5,154,195.6
October 11,179.1 2,522.9 6,904.5 130,587.7 18,378.7 2,711.2 8,144.6 72,868.2 26.1 451,048.6 1,304,465.2
November 11,731.6 2,836.5 8,004.6 99,658.9 15,724.1 1,443.4 6,384.4 149,472.4 15.4 307,593.5 1,069,955.7
December 11,651.3 2,869.4 8,673.6 99,293.7 17,138.3 2,601.0 14,054.4 310,814.8 17.0 391,282.9 1,464,362.4
Qtr II 34,562.0 8,228.8 23,582.7 329,540.2 51,241.1 6,755.7 28,583.4 533,155.4 58.6 1,149,924.9 3,838,783.3
2020/21
January 12,790.2 1,949.4 6,193.1 268,430.5 16,094.5 1,163.2 6,618.2 79,320.3 24.6 673,243.4 1,578,262.1
February 11,616.1 2,346.8 8,365.6 80,401.3 11,548.2 2,139.3 8,408.4 73,810.5 8.6 285,835.5 974,667.5
March 10,105.7 1,561.9 8,375.4 84,986.4 15,406.5 1,223.3 6,982.5 95,557.4 24.5 736,359.8 1,446,310.7
Qtr III 34,512.0 5,858.2 22,934.1 433,818.1 43,049.2 4,525.7 22,009.0 248,688.3 57.7 1,695,438.7 3,999,240.4
April 9,366.6 1,757.8 8,288.2 105,000.5 13,077.3 1,470.9 5,388.8 104,039.1 16.5 427,118.7 1,240,165.9
May 9,866.7 1,913.9 7,752.1 52,253.4 11,837.2 1,149.6 8,456.5 122,010.4 22.1 696,862.1 1,545,385.0
June 7,289.8 1,345.2 5,855.6 77,724.4 14,200.9 905.4 4,369.3 173,847.1 28.3 431,169.5 1,319,265.0
Qtr IV 26,523.13 5,016.86 21,895.87 234,978.31 39,115.40 3,525.83 18,214.63 399,896.62 66.88 1,555,150.26 4,104,815.89
July 14,113.8 1,995.4 7,505.9 57,697.3 14,477.0 701.1 4,494.2 138,362.3 9.8 416,926.6 1,311,441.2
August 11,143.0 2,529.5 5,646.8 64,471.7 14,653.6 745.1 5,545.0 199,101.7 32.2 387,413.7 1,442,013.7
2021/22
September 10,520.3 1,891.9 8,333.6 190,405.5 12,721.0 1,510.1 5,839.9 192,694.9 7.6 892,501.6 1,785,389.6
Qtr I 35,777.07 6,416.83 21,486.35 312,574.51 41,851.66 2,956.22 15,879.09 530,158.90 49.60 1,696,841.97 4,538,844.57
Source: Ethiopian Customs Commission
*** Data on import of petroleum products are obtained from Ethiopian Petroleum Enterprise
** All the data are updated based on revised data from the Ethiopian Customs Commission
Table 28: Value of Imports by End-Use**
(In Millions of Birr)
2019/20 2020/21 2021/22
Categories Qtr I Qtr II Qtr III Qtr IV Annual Qtr I Qtr II Qtr III Qtr IV Annual Qtr I
Raw Materials 1,246.52 1,328.60 1,258.09 1,237.67 5,070.88 1,247.87 1,503.14 1,242.84 1,407.07 5,400.91 1,125.35
Semi-finished Goods 20,576.67 21,285.22 30,481.29 25,452.87 97,796.04 20,476.47 19,419.26 34,582.42 30,928.54 105,406.69 27,165.18
Chemicals 5,879.40 3,564.76 3,304.81 3,994.34 16,743.30 4,749.23 4,010.89 4,894.25 5,236.39 18,890.76 7,591.90
Fertilizers 657.48 269.57 10,787.89 7,802.05 19,517.00 342.90 957.89 15,531.95 11,198.44 28,031.17 1,872.82
Textile Materials 816.41 755.30 1,090.54 823.25 3,485.51 1,060.09 1,420.73 1,438.48 1,440.43 5,359.73 2,028.34
Others 13,223.37 16,695.59 15,298.05 12,833.23 58,050.24 14,324.26 13,029.75 12,717.74 13,053.29 53,125.03 15,672.13
Fuel 17,268.47 19,365.31 17,590.10 10,461.60 64,685.48 13,503.83 15,332.03 22,303.40 25,486.53 76,625.78 30,449.24
Crude petroleum - 0.26 1.71 - 1.96 - 0.08 - 10.25 10.32 -
Petroleum Products* 16,699.93 18,616.35 16,751.62 9,988.98 62,056.89 12,800.03 14,735.94 20,803.19 24,258.31 72,597.46 29,392.95
Others 568.54 748.69 836.77 472.62 2,626.62 703.80 596.01 1,500.20 1,217.97 4,017.99 1,056.29
Capital Goods 29,668.84 39,592.26 33,220.65 25,748.05 128,229.80 34,627.81 36,505.93 37,844.53 42,691.36 151,669.63 31,369.38
Transport 4,017.79 3,279.03 3,169.64 1,782.96 12,249.42 3,818.00 2,556.70 2,756.19 4,559.26 13,690.16 4,065.43
Tyres for Heavy Vehicles 833.18 939.29 1,218.87 1,200.00 4,191.33 1,486.78 1,093.71 904.29 815.06 4,299.83 878.46
Heavy Road Motor Veh. 2,632.86 1,334.55 1,278.05 406.69 5,652.14 998.70 871.05 548.82 535.57 2,954.13 575.50
Aircraft 460.65 884.88 537.36 150.83 2,033.72 528.70 465.70 1,237.73 3,096.18 5,328.32 2,431.08
Others 91.10 120.30 135.37 25.45 372.22 803.82 126.25 65.35 112.45 1,107.88 180.39
Agricultural 484.19 933.41 645.06 682.99 2,745.65 748.34 1,671.41 476.75 525.96 3,422.46 761.61
Industrial 25,166.87 35,379.83 29,405.95 23,282.09 113,234.74 30,061.47 32,277.81 34,611.59 37,606.14 134,557.01 26,542.35
Consumer Goods 33,456.83 31,708.67 32,693.08 26,856.10 124,714.69 53,233.28 51,409.44 44,688.26 64,049.91 213,380.89 94,579.46
Durables 8,185.50 7,433.48 7,944.02 4,962.80 28,525.81 7,429.57 7,687.61 7,419.94 8,776.69 31,313.80 8,797.59
Radio & T.V. 682.68 768.96 309.54 186.31 1,947.48 336.84 575.63 632.63 516.37 2,061.47 442.56
Tyres for cars & Other Veh. 343.29 438.93 508.47 306.07 1,596.76 381.78 395.90 341.91 357.84 1,477.42 475.65
Cars & Other Veh. 1,931.12 1,151.77 313.54 59.14 3,455.56 169.43 224.02 278.41 140.46 812.32 207.39
Others 5,228.42 5,073.83 6,812.48 4,411.28 21,526.01 6,541.53 6,492.06 6,166.99 7,762.01 26,962.59 7,671.99
Non-durables 25,271.33 24,275.19 24,749.06 21,893.30 96,188.88 45,803.71 43,721.83 37,268.32 55,273.23 182,067.09 85,781.88
Cereals 8,375.00 6,079.64 7,056.97 4,543.41 26,055.01 6,965.06 12,425.55 12,210.79 21,652.09 53,253.48 27,408.43
Other Food 4,341.13 4,872.30 4,136.69 3,388.37 16,738.49 13,375.35 8,159.74 4,373.45 6,103.75 32,012.30 20,933.38
Medical & Pharmaceuticals 4,363.84 4,985.29 5,315.43 6,692.12 21,356.68 3,933.58 7,757.37 7,770.91 7,180.66 26,642.51 6,475.19
Textile Fabrics 3,173.08 3,406.18 2,925.20 2,795.98 12,300.45 4,546.57 6,022.63 4,466.89 3,563.19 18,599.28 4,323.42
Others 5,018.28 4,931.77 5,314.78 4,473.42 19,738.25 16,983.15 9,356.55 8,446.28 16,773.54 51,559.52 26,641.46
Miscellaneous 6,775.77 2,143.24 1,520.90 1,252.56 11,692.47 1,338.86 1,679.74 1,958.03 1,880.60 6,857.24 1,415.00
Total Imports 108,993.10 115,423.30 116,764.10 91,008.85 432,189.35 124,428.12 125,849.53 142,619.47 166,444.02 559,341.15 186,103.62
Source: Ethiopian Customs Commission
* Data on import of petroleum products are obtained from Ethiopian Petroleum Enterprise
** All the data are updated based on revised data from the Ethiopian Customs Commission
Table 29: Number and Investment Capital of Dometic and Foreign Projects Approved by Sector
(Capital in Millions of Birr)

2012(2019/20) 2013(2020/21) 2014(2021/22)

Sector/Sub-sector QI QII QIII QIV QI QII QIII QIV QI

No of Investment No of Investment No of Investment No of Investment No of Investment No of Investment No of Investment No of Investment No of Investment

projects Capital projects Capital projects Capital projects Capital projects Capital projects Capital projects Capital projects Capital projects Capital

Manufacturing 5.0 40.3 2 19.9 11 173.9 1 4.5 1 133 4 18 4 188.5 7 71

Agriculture, hunting and forestry 1 10.5

Real estate, renting and business activities 2 16 2 23.9 2 33.9 1 1.6 3 20 3 14.9 2 3.5 8 35.4 4 18.1

Hotels and restaurants 1 500

Education 1 2.5

Health and social work 2 302 3 18

Construction 2 4.4 5 49.9 1 3.6 5 13.4 9 41.17 9 26.5 7 16.4

Wholesale, retail trade and repair service 1 7.4

Transport, storage and communication 1 6.0 1 11.9 2 20.76 4 16.1 1 4 1 2

Mining and Quarrying

Electricity, gas, steam and water supply

Construction machinery leasing

Fishing
Other community, social
and personal service activities

Others 1 9.6 1 1759.74 1 13.615 1 17.2 1 8.3

Grand Total 9.0 60.7 10 99.7 7 361.0 22 219.9 16 1846.17 5 161.5 20 81.3 22.0 752.7 13.0 98.6
Source: Ethiopia Investment Agency
*Projects with Initial Investment Capital below Birr 250,000 are not included.
Table 30: Expected Employment Creation of Approved Domestic $ Foreign Investment Projects by Sector[PERMANENT & TEMPORARY]

2013(2020/21) 2013(2020/21) 2013(2020/21) 2013(2020/21) 2014(2021/22)

QII QIII QIV QI QII QIII QIV QI
Perm. Tempo. Perm. Tempo. Perm. Tempo. Perm. Tempo. Perm. Tempo. Perm. Tempo. Perm. Tempo. Perm. Tempo.
Sector/Sub-sector Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp. Emp.

Manufacturing 359 500 25 21 52 - 22 85 37 4062 1084

Agriculture, hunting and forestry 3 5 - -

Real estate, renting and business activities 12 200 470 - 3 132 290 55 62

Hotels and restaurants - - - - 150.0 150

Education 2 2 - - - -

Health and social work 6 6 - - -

Construction 12 160 2 1 8 2 - - 184 72 2 8

Wholesale, retail trade and repair service - - - - 1,964 969

Transport, storage and communication 4 117 33 - - 55 2 3 2

Mining and Quarrying - - - -

Electricity, gas, steam and water supply - - - -

Construction machinery leasing - - - -

Fishing - - - -
Other community, social
and personal service activities - - - -

Others 27 5 3 2 3 5 - 17

Grand Total 387 660 146 6 44 36 36 2 255 470 244 99 386.0 485.0 6,084.0 2,117.0
Source: Ethiopia Investment Agency.
*Projects with Initial Investment Capital below Birr 250,000 are not included.