Egypt Economic Forecast

Egypt Economic Outlook

October 3, 2017

The economy continues to firm up, thanks to the government’s bold reform agenda and improved international competitiveness due to a weaker pound. In August, the non-oil private sector PMI climbed closer to positive territory on the back of greater new export orders, and international reserves rose for the eleventh straight month to USD 36.5 billion in September, signaling renewed investor confidence. In September, the IMF praised the government’s progress on structural reforms, which have included new investment and licensing laws designed to attract more foreign investment. As a result, the country is likely to receive the third tranche of bailout funding following a second program review in November this year. However, inflation is painfully high, fanned by recent fuel and electricity subsidy cuts and a rise in VAT, which is hurting Egyptian consumers and dampening private consumption.

Egypt Economy Data

20122013201420152016
Population (million)82.484.686.889.090.2
GDP per capita (USD)3,3543,3803,4743,7173,724
GDP (USD bn)276286302331336
Economic Growth (GDP, annual variation in %)2.22.02.24.44.3
Consumption (annual variation in %)6.52.84.13.14.6
Investment (annual variation in %)-  -  -  -  -  
Industrial Production (annual variation in %)2.90.7-8.59.3-8.8
Unemployment Rate12.713.313.212.812.6
Fiscal Balance (% of GDP)-10.8-13.7-12.1-11.5-12.2
Public Debt (% of GDP)78.188.289.493.1103
Money (annual variation in %)12.418.915.818.639.0
Inflation Rate (CPI, annual variation in %, eop)4.711.710.111.123.3
Inflation Rate (CPI, annual variation in %)7.19.510.110.413.8
Policy Interest Rate (%)9.258.259.259.2514.75
Exchange Rate (vs USD)6.366.957.157.8318.13
Exchange Rate (vs USD, aop)6.076.877.087.7110.09
Current Account (% of GDP)-3.7-2.2-0.9-3.7-5.9
Current Account Balance (USD bn)-10.1-6.4-2.7-12.1-19.8
Trade Balance (USD billion)-34.1-30.7-34.1-39.1-38.7
Exports (USD billion)25.127.026.122.218.7
Imports (USD billion)59.257.760.261.357.4
Exports (annual variation in %)-7.17.6-3.4-14.7-15.9
Imports (annual variation in %)9.5-2.64.31.9-6.4
International Reserves (USD)15.615.016.720.117.6
External Debt (% of GDP)12.415.115.314.516.6

Sample Report

5 years of Egypt economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Egypt Facts

ValueChangeDate
Bond Yield15.650.32 %Oct 16
Exchange Rate17.630.03 %Oct 16
Stock Market1,283-2.14 %Oct 16

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Egypt Economic Growth

October 3, 2017

The economy should gather speed going forward. Recent laws designed to enhance the business environment are likely to boost investment, while consumer spending should recover as inflation declines and the depreciated pound boosts exports. FocusEconomics analysts expect GDP to expand 4.1% in FY 2018, up 0.1 percentage points from last month’s forecast, and 4.6% in FY 2019.

Egypt Economic News

Search form