Ethiopia's economic growth to exceed 10%
Ethiopia plans to achieve GDP growth of 10.1% in fiscal year 2026/27. To achieve these indicators, a new federal budget of 2.33 trillion birr (about 14.8 billion US dollars) has been adopted. The new fiscal year in Ethiopia begins on July 8, 2026.
The policy stance prioritises exports, investment and productivity gains across key sectors. It signals that Addis Ababa wants to keep the country among Africa’s fastest-growing economies, despite tighter global financial conditions and geopolitical shocks.
The Ethiopian Ministry of Finance expects the industry to grow by 12.6% in 2026/27, outpacing the economy as a whole. Agriculture, which continues to play a key role in job creation and food security, is projected to increase by 7.6%, while the service sector is projected to increase by 9.9%.
FURTHER AFRICA
