Current Account in Egypt

Egypt Current Account (USD bn) | Economic News & Forecasts

Egypt - Current Account (billions of U.S. Dollars)

Economic conditions continued to improve in Q4 FY 2021 (April–June), with GDP expanding at the strongest rate in at least 13 years in annual terms—albeit supported by a favorable base effect. The result was largely due to skyrocketing fixed investment growth and a marked rebound in exports of goods and services. Moving to Q1 of the new fiscal year (July–September), activity likely continued to pick up, as the non-oil sector PMI averaged higher in the period than in the prior quarter. However, quickly rising daily infection rates and a sluggish vaccine rollout could prompt authorities to tighten restrictions and weigh on activity moving into Q2 FY 2022. Meanwhile, on 20 October, Fitch Ratings affirmed the country’s ‘B+’ rating with a stable outlook, citing fiscal and economic reforms and the economy’s resilience to the effects of the pandemic, but also noting still-large fiscal deficits, high debt stocks and political risks.

Egypt - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-12.1  -19.8  -14.4  -6.0  -10.9  

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Egypt Facts

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

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