In 2023/24, GDP growth fell to 2.4% from 3.8% a year earlier, according to central bank figures, dragged down by a currency crisis and the war in neighbouring Gaza, which has cut into Suez Canal revenue and slowed tourism. In February, Egypt sold the rights to develop real...
BNP Paribas expects Egypt’s GDP growth to slow to 4% in FY2023/2024, down from last year’s forecasted 6.6%, citing an uncertain outlook against accelerating inflationary pressures. In its recent report, the banking group noted that weakened household purchasing power and a slowdown i...
IMF World Economic Outlook (October 2024) Date30 Oct 2024 Nominal PPP GDP (Nominal) of Egypt Billions of $ LYear Current Constant GDP (PPP) of Egypt CurrentConstantBillions of Int. $1,000-1,000-50005001,0001,5002,0002,5003,000 Use up and down arrows to move selection ...
External Debt: Short Term: % of GDP (%) 7.1 2023 yearly 1990 - 2023 Forecast: Current Account Balance (USD bn) -22.028 2029 yearly 1980 - 2029 Net International Investment Position (USD mn) -281,564.400 Jun 2024 quarterly Dec 2013 - Jun 2024 BoP: CF: Financial Account: Direct Inve...
15.01.2025 | Egypt-Business.com CBE reports $2.2 Billion growth in gold reserves in 2024 By December 2024, these reserves reached $47.109 billion, a significant rise from $35.220 billion in December 2023. 14.01.2025 | Egypt-Business.com ...
The positive trend accelerated in 2022 when GDP was estimated to have grown by 6.7%, although growth decelerated to 4.2% in 2023. The country faced challenges with elevated inflation and imbalances in its balance of payments. Despite these issues, fiscal support has maintained private consumption,...
Gross Domestic Product (GDP) As of 2023, Egypt’s GDP is approximately $404 billion USD, making it one of the largest economies in Africa. The country’s economy is heavily reliant on natural resources, tourism, and remittances from Egyptians working abroad. ...
Egypt’s population as of 2023.(2) 5.9% GDP growth rate Egypt’s economy grew by 5.9 percent in 2021, making it one of the fastest-growing economies in the Middle East and North Africa (MENA) region.(3) 14.43% e-commerce growth Egypt’s e-commerce sector is one of the faste...
Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, with GDP growth averaging around 5% per year. This has been driven by a combination of factors, including increased investment in infrastructure, a growing tourism sector, and a large and young population....
This document provides selected macroeconomic indicators for Egypt for the years 2022/23, 2023/24, and 2024/25. The indicators include real GDP growth, inflation rates, revenue and grants, expenditure, overall balance, primary balance, gross debt, FDI, reserves, and external debt. The ...