Unemployment in Egypt

Egypt Unemployment | Economic News & Forecasts

Egypt - Unemployment

The economy likely kept steady momentum in the second quarter of FY 2020, which ran from October to December, after slowing marginally in the first. Higher government spending, particularly on investment and public wages, likely underpinned activity. However, the unemployment rate climbed to 8.0% in Q2 from 7.8% in Q1, potentially dampening private consumption. On the external front, merchandise export growth remained subdued for the second consecutive quarter in Q2, while imports dropped, contrasting an increase in the previous quarter. Turning to the third quarter, growth likely remains solid. However, the non-oil private sector has lost some steam, with the PMI averaging lower in January–February than in Q2 and the sector’s staff levels dropping at the fastest pace in nearly two-and-a-half years in February. In addition, rising cases of coronavirus both within Egypt and abroad are a concern, particularly due to the potential impact on the tourism sector.

Egypt - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate13.0  12.8  12.5  11.8  9.9  

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Egypt Unemployment Chart

Egypt Unemployment
Note: Unemployment in % of active population.
Source: Central Bank of Egypt.

Egypt Facts

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

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