GDP growth (annual %) - Egypt, Arab Rep. from The World Bank: Data WB also added that if the business environment reforms are effectively implemented, public investment will grow and private investment will recover.CAIRO - 9 October 2018: The International Monetary Fund (IMF) expected Tuesday Egypt's economy to record a growth rate of 5.3 percent in 2018 and 5.5 percent in 2019, compared to 4.2 percent in 2017.CAIRO - 10 December 2018: The Central Bank of Egypt (CBE) said that Egypt's annual core inflation rate declined to 7.94 percent in November 2018 from 8.86 percent in October 2018, according to a report. Constitutional amendments approved in April 2019 strengthened presidential authority and could permit el-Sisi to rule until 2030. Gross Domestic Product of Egypt grew 5.3% in 2018 compared to last year. CAIRO – 4 December 2018: Minister of Finance Mohamed Ma’it said that Egypt achieved an increase in the gross domestic product (GDP) to 5.3 percent in 2017/2018, up from an average of 2.3 percent between 2011 and 2014. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Current USD
Government spending has amounted to 31.7 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 10.8 percent of GDP. 5 years of Egypt economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. The growth rate of Egypt’s gross domestic product (GDP) in 2019 was 5.56 percent after adjusting for inflation. The most significant successes were declining the inflation and unemployment rates and boosting foreign reserves. The minister added that Egypt targets a growth rate of 5.8 percent during the current fiscal year 2018/2019. In the Arab world, Egypt has the largest non-oil GDP as of 2018. The Gross Domestic Product (GDP) in Egypt was worth 303.20 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The growth rate of Egypt’s gross domestic product (GDP) in 2019 was 5.56 percent after adjusting for inflation. The government has focused on improving the investment environment and restoring financial stability. Across the river from Cairo one can see the three large pyramids and sphinx at Giza. Economic growth rose from 4.2% to 5.3% during the 2017/2018 fiscal year while unemployment rate declined from 12% to 9.9%.CAIRO - 3 October 2018: The World Bank (WB) expected Egypt's growth to hit 5.6 percent during fiscal year 2018/2019, supported by private consumption, a recovery in tourism sector and the operationalization of recently discovered gas fields. Egypt’s economic freedom score is 54.0, making its economy the 142nd freest in the 2020 Index. The Executive Board’s approval allowed for an immediate purchase of SDR 2,037 million (or about US$2.77 billion). According to the International Organization for Migration, an estimated 2.7 million Egyptians abroad contribute actively to the development of their country through remittance inflows, circulation of human and social capital, as well as investment. Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, rose to 44.6 in June from 40.7 in May and marked a further recovery from the 29.7 reading in April, which remains the lowest on record since the current survey began in April 2011 and reflected the effects of Egypt’s first full month with strict coronavirus restrictions.