Unemployment in Egypt

Egypt Unemployment | Economic News & Forecasts

Egypt - Unemployment

Annual economic growth accelerated in Q4 FY 2019, which ran from April to June. Although a detailed GDP breakdown is not yet available, the acceleration appears to have been supported by strong fixed investment, thanks to the government’s ongoing infrastructure drive, and healthy private consumption, buttressed by a recent drop in the unemployment rate. Moreover, the Africa Cup of Nations, which ran in June–July, should have boosted exports of services. Meanwhile, at the start of July, the government cut energy subsidies as part of agreed-to reforms under its three-year financial support program with the IMF. The government was granted on 24 July the final disbursement of USD 2 billion from the total USD 12 billion available under the IMF program. With the program now complete, the IMF urged the government to continue building a market-based economy in the future.

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 Yield15.730.0 %Jul 31
Exchange Rate16.550.0 %Jul 31
Stock Market1,2680.53 %Jul 31

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