International Reserves in Egypt

Egypt International Reserves | Economic News & Forecasts

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  

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Egypt International Reserves Chart

Egypt International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Egypt and FocusEconomics calculations.

Egypt Facts

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

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