International Reserves in Egypt
Egypt - International Reserves
Economic growth likely slowed for the second consecutive quarter in Q2 FY 2020, which ran from October to December, as suggested by a decrease in the quarter’s non-oil private sector PMI reading compared to the previous quarter. Weak demand hampered non-oil private sector activity, contributing to falling employment in November and December. Moreover, merchandise export growth was downbeat in October–November, while imports tumbled, suggesting domestic demand was weak in Q2. Turning to Q3, the non-oil private sector PMI dropped to the lowest level in over two-and-a-half years in January, mainly due to fewer export orders. On a brighter note, international reserves, which have been climbing since Egypt began the three-year IMF program in 2016, rose to USD 45.5 billion in January.Egypt - International Reserves Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 16.7 | 20.1 | 17.6 | 31.3 | 44.3 |
Egypt International Reserves Chart
Source: Central Bank of Egypt and FocusEconomics calculations.
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.70 | 0.0 % | Dec 31 |
| Exchange Rate | 16.04 | 0.0 % | 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.
Economic News
-
Egypt: Non-oil private sector PMI plunges in January
February 5, 2020
Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, dropped to 46.0 in January from 48.2 in December, indicating a worse deterioration in business conditions in the sector over the previous month and the lowest reading in over two and a half years. Contributing to the downturn in January was the fastest contraction in output among Egyptian businesses in three years, which was largely due to a sharp fall in new orders, partly due to softer export demand for the fourth consecutive month.
-
Egypt: Central Bank leaves interest rates unchanged in January
January 16, 2020
The Central Bank of Egypt (CBE) held interest rates steady at its monetary policy meeting on 16 January, leaving the overnight deposit rate at 12.25%.
-
Egypt: Inflation jumps in December
January 9, 2020
Consumer prices decreased 0.2% in December in month-on-month terms, after decreasing 0.3% in November.
-
Egypt: Non-oil private sector PMI increases for first time in three months in December
January 6, 2020
The Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, increased to 48.2 in December from 47.9 in November, indicating a softer deterioration in business conditions in the sector over the previous month. Supporting the PMI uptick in December were slower rates of decreases in both output and new orders.
-
Egypt: Economic growth remains robust despite slowing slightly in Q1 FY 2020
November 14, 2019
The economy expanded 5.6% in the first quarter of FY 2020, which ran from July to September, from the same period a year earlier.
© Copyright: 2020 | Egypt International Reserves | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
