Unemployment in Egypt

Egypt Unemployment | Economic News & Forecasts

Egypt - Unemployment

The economy appears to have had some growing pains in the second quarter of fiscal year 2019—which covered October to December 2018—following a small slowdown in the first quarter. The non-oil private sector was stuck in contractionary territory in November for the third consecutive month, according to survey data. The continued downturn in the sector was led by a decline in output and new orders, although both declines were less pronounced than in October. Meanwhile, a deadly bombing of a tourist bus near the Giza pyramids in late December sent shockwaves through the tourism sector, which remains in recovery-mode after the Arab Spring in 2011 and bombing of a passenger jet near Sharm el Sheikh in 2015. More positively, the World Bank signed off on USD 1 billion of financial support to Egypt on 9 December, adding to the USD 3.2 billion already committed since 2015.

Egypt - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate13.2  13.0  12.8  12.5  11.8  

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Egypt Unemployment Chart

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

Egypt Facts

Bond Yield18.000.0 %Jan 14
Exchange Rate17.910.0 %Jan 14
Stock Market1,3000.53 %Jan 14

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