GDP in Egypt
Egypt - GDP
GDP growth picks up in October-December period
According to preliminary data, GDP increased an annual 4.0% in the October-December period (which is Q4 of calendar year 2015 and Q2 of Egypt’s 2016 fiscal year). Q4’s result marked an uptick compared to the 3.0% increase tallied in Q3. Q4’s improvement was mainly driven by the fact that exports performed better than in Q3, when they recorded a drastic contraction. Meanwhile, all components of domestic demand grew at a softer pace in Q4 than in Q3.
On the domestic side, private consumption expanded 2.1% in Q4, which followed the 4.2% expansion in Q3. Government consumption growth decelerated to 3.0% in Q4 (Q3: +5.7% year-on-year). Gross investment slowed from an 8.7% rise in Q3 to a 4.4% expansion in Q4. On the external side, exports rebounded from Q3’s massive 25.6% contraction to a modest 2.4% increase in Q4. At the same time, the contraction in imports softened from 6.8% in Q3 to 3.7% in Q4.
FocusEconomics Consensus Forecast panelists expect the economy to expand 3.3% in fiscal year 2016, which is down 0.1 percentage points from last month’s forecast. For fiscal year 2017, the panel sees economic growth at 3.9%.
Egypt - GDP Data
|Economic Growth (GDP, annual variation in %)||1.8||2.2||2.0||2.2||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Egypt GDP Chart
Source: Ministry of Planning.
|Bond Yield||17.53||0.0 %||Jan 20|
|Exchange Rate||18.84||-0.32 %||Jan 20|
|Stock Market||1,123||-0.25 %||Jan 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
January 10, 2017
In December, consumer prices in Egypt rose a noteworthy 3.1% from the previous month.
December 29, 2016
The Central Bank of Egypt (CBE) held fire at its meeting on 29 December, maintaining all rates unchanged at their respective multi-year highs.
December 10, 2016
In November, consumer prices jumped 4.9% from the previous month, which was notably above October’s 1.7% increase and marked the highest monthly increase on record.
December 5, 2016
The Emirates NDB Egypt Purchasing Managers’ Index (PMI) decreased from 42.0 in October to 41.8 in November, the lowest reading since July 2013.
November 23, 2016
The International Monetary Fund (IMF) approved a USD 12.0 billion Extended Fund Facility Arrangement for Egypt on 11 November, immediately disbursing a first tranche of USD 2.75 billion in aid to the cash-strapped country.