Current Account in Egypt

Egypt Current Account | Economic News & Forecasts

Egypt - Current Account

Annual economic growth should be decelerating in H2 FY 2022 (January–June 2022), due to the fallout from the war in Ukraine. Goods exports growth slowed in January–February over the previous quarter, while tighter financial conditions will be dampening domestic demand. Meanwhile, pressure on the current account is increasing due to the country’s reliance on food and fuel imports. Further, soaring food prices are denting consumers’ purchasing power and could heighten social tensions. That said, support from Gulf neighbors and buoyant Suez Canal revenue should be providing support. On the heels of Fitch Rating’s affirmation of the country’s ‘B+’ rating, Moody’s followed suit, but downgraded the outlook to negative. It cited mounting downside risks, including a smaller shock absorption capacity amid dwindling reserves.

Egypt - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-3.6  -6.0  -6.1  -2.4  -3.6  

Sample Report

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


Egypt Current Account Chart

Egypt Current Account
Note: Current account balance as % of GDP.
Source: Central Agency for Public Mobilization and Statistics and FocusEconomics calculations.

Egypt Facts

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a 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

Economic News

Search form