Ethiopia achieves record $8.3 billion export revenue in 2025
Ethiopia has achieved its highest-ever export earnings, generating $8.3 billion in trade revenue—representing a 116% increase from the previous year, according to President Taye Atske-Selassie.
President Taye announced during a joint session of Parliament on Monday, October 6, to open the 2025/26 fiscal year.
He said Ethiopia’s economy expanded by 9.2% during the 2024/25 fiscal year, driven by strong growth in agriculture, industry, and other key sectors.
The president added that the East African nation completed the fiscal year without taking direct loans from the central bank, signalling fiscal discipline and economic stability, local outlet Fanamc reported.
According to BMI, a Fitch Solutions Company, Ethiopia’s economy is projected to grow by an average of 7.2% between 2025 and 2034. However, it warned that ongoing security challenges in the Horn of Africa—one of the world’s most unstable regions—could slow progress in Africa’s second most populous nation, home to over 130 million people.
In September, Ethiopia inaugurated the Grand Ethiopian Renaissance Dam (GERD), the continent’s largest hydroelectric project, with a capacity of 5,150 megawatts.
The $5 billion project, located on the Blue Nile in the Benishangul-Gumuz region near the Sudanese border, is expected to provide electricity to millions of citizens.
This story is written and edited by the Global South World team, you can contact us here.
