Economic Factors

Ethiopia
Automotive Industry Growth Rate: Annual growth rate of automotive industry
GDP- 10.9%
GDP Annual Growth Rate- 13.9%
Inflation rate- 64.2%
Household Disposable Income- 140.2 billion in Euro
Fuel prices and Consumption-

69.43 ETB
Petrol
1.27USD
71.08 ETB
Diesel
1.28 USD
71.08 ETB
Paraffin
1.28 USD
66.60 ETB
Jet A-1
1.22 USD

Foreign Direct Investment – 1907 in USD million

Vehicle production- 8000 units (Research and Markets)
Manufacturing Value added- 4% (Year 2022)
GDP from Manufacturing(ETB Billion)- 649.20 (year 2021)
Manufacturing employment- 5.1% (2018)
Electric vehicles- 1000 units (2019) (Deloitte)
Vehicle Sales- 12000 units (2019) (Research and Markets)
Passenger Car Revenue- 51.5(US$ million) (2022)
Passenger Car average price- 38.25k (US$)
Consumer Price Index- 423 (Trading Economics)
 Mexico
Automotive Industry Growth Rate: Annual growth rate of automotive industry
GDP- 11.3% (2010- 2018) (Advantage Austria)
GDP Annual Growth Rate- 21.9
Inflation rate- 4.66% (2023) Trading Economics
Household Disposable Income- 0.10%
Fuel prices and Consumption- 6.4 billion (eia. Gov)
Foreign Direct Investment- 22.8 USD bn(2022) (CEIC)
Vehicle production- 307,069 units (Jan 2024) (Trading Economics)
Manufacturing Value added- 21.47% (2022) trading economics
GDP from Manufacturing- 5288242 (MXN million) (Trading Economics)
Manufacturing employment- 19% (2019) (napsintil.com)
Vehicle Sales- 47976.00 units (trading economics)
Electric vehicles- 106,000 (2023) (Mexico news daily)
Passenger Car Revenue- 29.533.23 in US dollars 2023 (statista)
Passenger Car average price- $ 23.1k USD 2023 (statista)
Consumer Price Index- 133.56points jan 2024 (trading economics)

ALGERIA
Automotive Industry Growth Rate: 9.12% 2022(Research and Markets)
GDP Annual Growth Rate: 3.2% 2022 (World bank)
Inflation rate: 9.27% 2022 (Trading Economics)
Household Disposable Income: US$103.90 billion 2022 (Statista)
Fuel prices: 0.622 USD per litre 2024 (globalpetrolprices.com)
Fuel Consumption: 0.77kg 2019 (ourworldindata.org)
Foreign Direct Investment: US$ 89 million 2022 (Llyodsbanktrade)
Vehicle production: 2773 units 2022 (ceicdata.com)
Manufacturing Value added: 34.84% 2022 (world bank)
GDP from Manufacturing: 1354.1 billion in Algerian Dinars 2022(world bank)
Manufacturing employment: 31.04% 2021 (statista)
Vehicle Sales: 25402 units 2022 (focus2move.com)
Electric vehicles: Nil
Passenger Car Revenue: US$2178.0 million 2023 (Statista)
Passenger Car average price: US$23,59k 2024 (Statista)
Consumer Price Index: 287.7 points 2023 (Trading economics)

NIGERIA
Automotive Industry Growth Rate: 18.9% 2021 (Research and markets)
GDP Annual Growth Rate: 2.74% 2023 (worldbank)
Inflation rate: 29.90% 2024 jan (Trading economics)
Household Disposable Income: 18227635.09 NGN million 2023
(tradingeconomics)
Fuel prices: 0.69 USD/litre jan 2024 (Trading economics)
Fuel Consumption: 20.8 billion litres 2019 (businessday.ng)
Foreign Direct Investment: USD 4.8 billion 2019 (bing.com)
Vehicle production: 1,40,000 2021 (trade.gov)
Manufacturing Value added: 13.59% 2022(statista)
GDP from Manufacturing: 1792909.23 NGN million (trading economics)
Manufacturing employment: 9.6% 2020 (nigeriansta.gov.in)
Vehicle Sales: 13304 2023 (focus2move.com)
Electric vehicles: NIL
Passenger Car Revenue: Naira US$591.7m by 2024 (statista)
Passenger Car average price: $26,018 (2021) (Indexbox)
Consumer Price Index: 660.80 Jan 2024 (Trading economics)
 INDONESIA
Automotive Industry Growth Rate: 31% 2022 (statista)
GDP Annual Growth Rate: 5.04% 2023 (Trading economics)
Inflation rate: 2.57% jan 2024 (Trading economics)
Household Disposable Income: 1649237.90 IDR billion 2023 (trading
economics)
Fuel prices: USD 1.69 2024(tradingeconomics) (globalpetrolprices.com)
Fuel Consumption: 75.4 billion litres 2019 (statista)
Foreign Direct Investment: IDR 196.20 trillion 2023 (trading economics)
Vehicle production: 1470146.000 Units 2022 (ceic)
Manufacturing Value added: 18.34% (2022) (worldbank)
GDP from Manufacturing: 640814.50 IDR billion 2023 (trading economics)
Manufacturing employment: 13.1% 2020 (statista)
Vehicle Sales: 1.05 million units (2022) (statista)
Electric vehicles: 0.5% (iea)
Passenger Car Revenue: US$15.62 billion 2020 (statista)
Passenger Car average price: US$20,000 per unit (indexbox)
Consumer Price Index: 105.19 points 2024 (world bank)

TURKEY
Automotive Industry Growth Rate: 83% 2022 (marklines)
GDP Annual Growth Rate: 5.9% 2022 (worldbank)
Inflation rate: 64.86% 2024 (tradingeconomics)
Household Disposable Income: 3235 euros 2022 (Turkish statistical Institute)
Fuel prices: 1.29 usd/litre 2024 (trading economics)
Fuel Consumption: 75.24 thousand barrels per day(ourworldindata.org)
Manufacturing Value added: 22.11% 2022 (world bank)
GDP from Manufacturing: 3016 million US dollars 2023 (tradingeconomics)
Manufacturing employment: 26.54% 2021 (tradingeconomics)
Vehicle Sales: 1,230,000 units 2023 (statista)
Electric vehicles: 66134 2023 (insideevs.com)
Passenger Car Revenue: 33.5 billion us dollars 2023 (statista)
Passenger Car average price: 30,000 us dollars 2023 (enjoyturkiye.com)
Consumer Price Index: 19884.02 points 2024 (trading economics)

ARGENTINA
Automotive Industry Growth Rate: 9.0% 2024 (ceic)
GDP Annual Growth Rate: 5.00% (2022) (worldbank)
Inflation rate: 211.41% 2023 (tradingeconomics)
Household Disposable Income: 33.5 billion U.S. dollars 2023 (ceic)
Fuel prices: 0.85 usd/litre 2024 (tradingeconomics)
Fuel Consumption: 0.64 tonnes per capita 2020 (world bank)
Manufacturing Value added: 16.05% 2020 (world bank)
GDP from Manufacturing: 122612.92 ARS million 2023(trading economics)
Manufacturing employment: 19.95% (2021) (statista)
Vehicle Sales: 392533 (2022) (carros.com)
Electric vehicles: 1000 2020 (oica)
Passenger Car Revenue: 12.3 billion 2022 (statista)
Passenger Car average price: $25000 (GCBC)
Consumer Price Index: 3533.14 2023 (tradingeconomics)