Ethiopia’s industry productivity reached 65% in the 2024/25 fiscal year, up from 59% in 2023/24, reflecting progress under the country’s homegrown economic reform.

President Taye Atske Selassie announced the figures during his opening remarks at the 6th session of the Ethiopian Federal House of Peoples’ Representatives and the 5th annual session of the Federation Council. He highlighted that the government’s comprehensive reforms have reshaped the economy, creating conditions to move from debt dependence towards economic sovereignty while promoting diversification.

The economy grew by 8.8% in 2024/25. Agricultural output rose from 1.2 billion quintals in 2023/24 to 1.57 billion quintals, while gold production surged from 3.9 tons to 38.87 tons. Cement production also expanded from 7.5 million tons to 9.1 million tons over the same period.

Financial flows strengthened, with 822.8 billion birr in loans disbursed, 77% of which was directed to the private sector. Export revenues reached a record $8.3 billion, a 116% increase. Inflation eased to 13.9% from 19.9% in the previous fiscal year.