At a glance
Agriculture produced about a third of GDP in 2024/25 and employed more than two thirds of workers. Agriculture, forestry and fishing generated ETB 4,953.8 billion of value added in the fiscal year 2024/25, 32.8% of GDP at current prices, worth US$41.5 billion on World Bank data812. Real value added in agriculture grew by 7.3% in 2024/25, against GDP growth of 9.2%3. The Ethiopian Statistics Service found 69.4% of employed persons working in agriculture in 2024/25, and the ILO's modelled estimate for 2025 is 60.1%49. The 2021/22 Agricultural Sample Survey, which did not cover Tigray, counted 19.74 million private peasant holders with an average of 0.90 hectares each10.
The latest crop survey covers the 2021/22 Meher season. Private peasant holdings outside Tigray harvested 32.8 million tonnes of grain in the 2021/22 Meher season, including 10.75 million tonnes of maize, 5.81 million tonnes of wheat and 5.61 million tonnes of teff5. No Meher crop survey after 2021/22 was published on the ESS website by October 202611. The Ministry of Agriculture reported 3.5 million hectares of dry-season irrigated wheat in 202512. The 2021/22 livestock survey counted 66.3 million cattle on private peasant holdings outside Tigray13.
Coffee led agricultural export earnings in 2024/25. Coffee exports earned US$2,665.1 million in the fiscal year 2024/25, 31.9% of merchandise exports, and agricultural commodities together 50.1% (own calculation)3. On UN Comtrade data Ethiopia exported US$2.57 billion of agri-food products in 2023 and imported US$2.38 billion, with fats and oils and cereals the largest import groups7.
Agriculture received 8.6% of outstanding bank credit in June 2025. Banks and the Development Bank of Ethiopia held ETB 166.3 billion of loans to agriculture on 30 June 2025, about US$1.23 billion at the IMF end-of-period rate (own calculation), and agriculture received 22.3% of the loans disbursed in 2024/2536. In 2024, 48.8% of adults had an account and 2.6% had borrowed from a formal financial institution1415. The National Bank of Ethiopia raised its policy rate from 15% to 16% on 13 July 2026 and removed its ceiling on credit growth1617.
Rainfall in 2022 was the lowest in the ERA5 record. On ERA5 data annual rainfall averaged 995 mm in 1991β2020, and 2022, at 783 mm, was the lowest in the ERA5 series for 1950β2025 (own calculation)18. UN OCHA reported about 6.85 million livestock deaths in the drought-affected south and east between late 2021 and March 202319. Agriculture accounted for 70.6% of greenhouse gas emissions excluding land use in 2023 (own calculation)20.
Key issues for agricultural finance
A large sector with a smaller share of credit
Exchange rate reform in July 2024
Policy rate of 16% from July 2026
Land use rights as collateral
Low formal borrowing
Sources cited on this page
- World Development Indicators β Agriculture, forestry and fishing, value added (% of GDP), NV.AGR.TOTL.ZS (API, JSON) β World Bankverified
- World Development Indicators β Agriculture, forestry and fishing value added (current US$), NV.AGR.TOTL.CD (API, JSON) β World Bankverified
- Annual Report 2024/25 (PDF) β National Bank of Ethiopia (NBE)verified
- Key Findings Report on Labour Market Indicators, National Integrated Household Survey (2024/25), Labour Force Module, September 2026 (PDF) β Ethiopian Statistics Service (ESS)verified
- Agricultural Sample Survey 2021/22 (2014 E.C.), Volume I, Report on area and production of major crops, private peasant holdings, Meher season, Statistical Bulletin 593, April 2022 (PDF) β Ethiopian Statistics Service (ESS)verified
- IMF, Exchange Rates (ER) dataset β Ethiopia, domestic currency per US$ (end of period and period average) β International Monetary Fund (IMF), Statistics Departmentverified
- UN Comtrade β Ethiopia, agri-food trade (HS chapters 01β24) by partner, 2023 (public preview API, JSON) β United Nations Statistics Divisionverified
- World Development Indicators β Agriculture, forestry and fishing value added (current LCU), NV.AGR.TOTL.CN, and DEC alternative conversion factor (LCU per US$), PA.NUS.ATLS (API, JSON) β World Bankverified
- World Development Indicators β Employment in agriculture (% of total employment, modelled ILO estimate), total, female and male, SL.AGR.EMPL.ZS, SL.AGR.EMPL.FE.ZS, SL.AGR.EMPL.MA.ZS (API, JSON) β World Bankverified
- Agricultural Sample Survey 2021/22 (2014 E.C.), Report on Land Utilization, Private Peasant Holdings, Meher Season (PDF) β Ethiopian Statistics Service (ESS)verified
- Agriculture statistics, Agricultural Sample Survey reports (web page) β Ethiopian Statistics Service (ESS)landing page verified
- Wheat Initiative (web page) β Ministry of Agriculture (MoA)verified
- Agricultural Sample Survey 2021/22 (2014 E.C.), Volume II, Report on livestock and livestock characteristics, private peasant holdings, Statistical Bulletin 594, March 2022 (PDF) β Ethiopian Statistics Service (ESS)verified
- Global Findex, Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+), FX.OWN.TOTL.ZS, World Bank API (Findex 2025 database) β World Bankverified
- Global Findex database (source 28), borrowing indicators fin22a, fin22a_1, fin22a.22a1.22g.d, borrow.any.t.d, fin22b (% age 15+), World Bank API β World Bankverified
- Press release, Monetary Policy Committee meeting no. 7, 13 July 2026 (PDF) β National Bank of Ethiopia (NBE)verified
- Governor's statement, Monetary Policy Committee seventh meeting, 13 July 2026 (PDF) β National Bank of Ethiopia (NBE)verified
- ERA5 reanalysis country-average annual precipitation and mean temperature, Ethiopia, 1950-2025 (API, JSON) β World Bank Climate Change Knowledge Portalverified
- Ethiopia, Drought Situation Update #1, as of 10 March 2023 (ReliefWeb page) β United Nations Office for the Coordination of Humanitarian Affairs (OCHA)verified
- Historical GHG emissions by sector, Ethiopia, 1990-2023 (API, JSON) β World Resources Institute, Climate Watchverified
- Consumer Price Index, September 2026, monthly news release, Statistical Bulletin Issue No. 39/2019 (September EFY2019) (PDF) β Ethiopian Statistics Service (ESS)verified
- World Development Indicators β Ethiopia country metadata (national accounts base year, special notes, SNA) (API, JSON) β World Bankverified
- Annual Report 2016/17 (PDF) β National Bank of Ethiopia (NBE)verified
- Annual Report 2018/19 (PDF) β National Bank of Ethiopia (NBE)verified
- Annual Report 2020/21 (PDF) β National Bank of Ethiopia (NBE)verified
- Annual Report 2022/23, Table 4.12 Loans and Advances by Economic Sectors (PDF) β National Bank of Ethiopia (NBE)verified
- Annual Report 2023/24 (PDF) β National Bank of Ethiopia (NBE)verified
- National Agri-Finance Implementation Roadmap (NAFIR) 2025β30, July 2025 (PDF) β National Bank of Ethiopia (NBE) and Ministry of Agriculture (MoA)verified
- Press release, The NBE announces a reform of the foreign exchange regime with immediate effect, 29 July 2024 (PDF) β National Bank of Ethiopia (NBE)verified
- Press release, The NBE announces the launch of a new monetary policy framework, 9 July 2024 (PDF) β National Bank of Ethiopia (NBE)verified
- Rural Land Administration and Use Proclamation No. 1324/2024, Federal Negarit Gazette 30th Year No. 58 (PDF) β Federal Democratic Republic of Ethiopia (FAOLEX copy)verified
- Ethiopia, Oct-Nov-Dec rainy season, Flash Update 1, as of 18 December 2023 (ReliefWeb page) β United Nations Office for the Coordination of Humanitarian Affairs (OCHA) and Ethiopian Disaster Risk Management Commission (EDRMC)verified
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