International Reserves in Egypt

Egypt International Reserves | Economic News & Forecasts

Egypt - International Reserves

Economic growth appeared to marginally slow in the first quarter of fiscal year 2020, which ended in September. The non-oil private sector PMI in the first quarter averaged slightly below the reading for the previous quarter and remained a whisker below the 50-threshold that separates contraction from expansion, largely due to both decreasing output and new orders. On a brighter note, however, bank lending to the private sector continued to grow at a strong year-on-year pace in July, suggesting that fixed investment growth will help cushion any slowdown. Moreover, government spending excluding interest payments increased annually in July; and this trend likely continued throughout Q1, given that the government’s FY 2020 budget is larger than its budget for last year. Meanwhile, anti-government protests that sprung up in various cities in September appear to have fizzled out, reducing risks of economic disruption in the second quarter.

Egypt - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)15.0  16.7  20.1  17.6  31.3  

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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

Bond Yield14.500.0 %Sep 04
Exchange Rate16.520.0 %Sep 04
Stock Market1,3760.53 %Sep 04

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