Current Account in Egypt

Egypt Current Account | Economic News & Forecasts

Egypt - Current Account

Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. Meanwhile, relatively low new Covid-19 cases through October and continued public spending initiatives bode well for activity in Q4. In other news, regional tensions have heightened regarding Ethiopia’s under-construction dam on the Nile river, with talks resuming in late October in an attempt to break the impasse over the operation and control of all-important water flows. In politics, polls opened on 24 October for the first of multiple rounds of voting in parliamentary elections. No significant shift in composition is expected, with the legislative body broadly lacking the powers to balance the authority of the president.

Egypt - Current Account Data

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

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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

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