International Reserves in Egypt
Egypt - International Reserves
Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. Meanwhile, relatively low new Covid-19 cases through October and continued public spending initiatives bode well for activity in Q4. In other news, regional tensions have heightened regarding Ethiopia’s under-construction dam on the Nile river, with talks resuming in late October in an attempt to break the impasse over the operation and control of all-important water flows. In politics, polls opened on 24 October for the first of multiple rounds of voting in parliamentary elections. No significant shift in composition is expected, with the legislative body broadly lacking the powers to balance the authority of the president.Egypt - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 20.1 | 17.6 | 31.3 | 44.3 | 44.5 |
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 |
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Economic News
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Egypt: Inflation rises in May
June 10, 2021
Consumer prices rose 0.71% in May over the previous month, a smaller increase than the 0.89% rise recorded in April.
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Egypt: PMI rises in May; remains in contractionary territory for sixth month running
June 3, 2021
Egypt’s Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—rose to 48.6 in May from 47.7 in April, hitting a three-month high in the process.
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Egypt: Inflation falls to seven-month low in April
May 11, 2021
Consumer prices rose 0.89% from the previous month in April, accelerating from March's 0.63% increase.
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Egypt: PMI in contractionary territory for fifth month running in April
May 6, 2021
Egypt’s Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—inched down to 47.7 in April from 48.0 in March, hitting a 10-month low in the process.
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Egypt: GDP growth accelerates in Q2 of FY 2021
May 5, 2021
The economy expanded 2.0% year-on-year in the second quarter of FY 2021 (October–December 2020), according to estimates released by the Ministry of Planning and Economic Development.
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