Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

The economy strengthened in FY 2018, which ended in June, and the implementation of President Abdel Fattah el-Sisi’s structural reforms has continued in recent months. In April–June, annual economic growth was unchanged from the multi-year high recorded in January–March. Moreover, in the July-to-March period, the current account deficit narrowed year-on-year by nearly 60% thanks to higher tourism revenues, remittance inflows and Suez Canal income. More recently, the government hiked the price of natural gas by up to 75% on 21 July. The hike comes into effect from August and should improve the fiscal balance. To help alleviate the pressure of higher prices on the poorest Egyptians, the FY 2019 budget, which came into effect in July, contains provisions such as the expanded use of cash transfer and food subsidy programs.

Egypt - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.6  -4.8  2.3  -0.1  1.7  

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Egypt Industry Chart

Egypt Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Planning.

Egypt Facts

Bond Yield17.500.0 %Aug 15
Exchange Rate17.890.0 %Aug 15
Stock Market1,4870.53 %Aug 15

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