7. Impact of Debt on Economic Development
"In 2015 Ethiopia public debt was 34,539 million dollars, has increased 8,843 million since 2014. This amount means that the debt in 2015 reached 56.05% of Ethiopia GDP, a 9.75 percentage point rise from 2014, when it was 46.3% of GDP. If we check the tables we can see the evolution of Ethiopia debt. It has risen since 2005 in global debt terms, when it was 9,695 million dollars although it has fallen as a percentage of GDP, when it amounted to 78.24%. According to the last data point published, Ethiopia per capita debt in 2015 was 348 dollars per inhabitant. In 2014 it was 265 dollars, afterwards rising by 83 dollars, and if we again check 2005 we can see that then the debt per person was 129 dollars . The position of Ethiopia, as compared with the rest of the world, has worsened in 2015 in terms of GDP percentage. Currently it is country number 112 in the list of debt to GDP and 32 in debt per capita, out of the 184 we publish. In this page we show you the progression of the public debt in Ethiopia. You can see debt in other countries in Public debt and see all the information about Ethiopia in economy of Ethiopia."