Kenya versus Ethiopia Gross Domestic Product [$bn]

Kenya is poised to overtake Ethiopia as the region’s largest economy after Addis Ababa devalued its currency, the Birr, to meet conditions for securing financing from the International Monetary Fund (IMF).

According to the IMF’s latest World Economic Outlook, Kenya’s gross domestic product (GDP) is projected to grow to $131.673 billion (Sh17.04 trillion) by the end of this year, while Ethiopia’s GDP is expected to contract to $117.457 billion (Sh15.2 trillion), reflecting the impact of the weakened exchange rate.

Previously, the IMF had estimated Ethiopia’s nominal GDP — the total value of goods and services produced — at $143.123 billion (Sh18.525 trillion), higher than Kenya’s $120.899 billion (Sh15.65 trillion).