2019/20 Fourth Quarter

The National Bank of Ethiopia's Quarterly Bulletin for the fourth quarter of 2019/20 reports on the country's macroeconomic and social indicators, including a 7.3% increase in headline inflation, a 17% growth in broad money supply, and a 20.4% year-on-year growth in total outstanding credit of the banking system. The bulletin also highlights a 23% increment in total merchandise export earnings and a 21.6% decrease in total merchandise import bill. Additionally, the overall balance of payments resulted in a USD 653 million surplus, compared to a USD 558.5 million deficit a year ago.