National Debt (% of GDP): Ethiopia

Analysis# Ethiopia National Debt (% of GDP) Ethiopia's national debt stood at 41.1% of GDP in 2026, marking a dramatic recovery from its catastrophic 1994 peak of 155.2%. The country has reduced debt burden by 53.2% since 1992, though it remains above the historic low of 30% recorded in 2009. The current level reflects substantial progress in fiscal consolidation over the past three decades. A sharp decline began in 2022, when debt fell from 53.8% to 46.9%, continuing downward to 32.7% by 2024. The 2025 uptick to 46.7% interrupted this trajectory before settling at 41.1% in 2026. Ethiopia's debt path suggests ongoing fiscal challenges, with recent volatility indicating sensitivity to economic pressures. The projected stabilization near current levels suggests policymakers are managing debt dynamics cautiously moving forward.