Egypt Floats Currency, And It Sinks. Then Rises.
The Egyptian pound was floated this fall, and quickly lost half its value. But the reform is part of restructuring Egypt's economy to encourage foreign investment.
Egypt GDP and Economic Data
Country Report 2017 - Includes Egypt real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Egypt economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Egypt best banks and safest banks are also available.
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International Reserves
USD 13.4 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
GDP (Purchasing Power Parity)
Intl$ 1,173.4 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 6.8% | 7.1% | 7.2% | 4.7% | 5.2% | 1.8% | 2.2% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 2.1% | 2.2% | 4.2% | 3.8% | 4% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.67% | 0.82% | 0.84% | 0.93% | 0.9% |
*Estimate
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GDP - composition by sector
- agriculture: 11.3%
- industry: 35.8%
- services: 52.9%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 6.9% | 10.1% | 11.0% | 10.2% | 18.2% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 13.0% | 13.4% | 12.9% | 12.7% | 12.3% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 84.8% | 86.3% | 89% | 94.6% | 93.4% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -13.4% | -12.9% | -11.5% | -12% | -9.7% |
*Estimate
Government bond ratings
Standard & Poor's: B-
Moody': B3
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 61.6 billion | USD 70.1 billion | USD 55.2 billion |
Source
Current account balance by percentage of GDP
-5.2% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
13.2% (2015)
Shares in world total merchandising export
0.1% (2015)
Shares in world total commercial services export
0.4% (2015)
Export commodities
Crude oil and petroleum products, fruits and vegetables, cotton, textiles, metal products, chemicals, processed food
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Import commodities
Machinery and equipment, foodstuffs, chemicals, wood products, fuels
Exports - major partners
Saudi Arabia 9.1%, Italy 7.5%, Turkey 5.8%, UAE 5.1%, US 5.1%, UK 4.4%, India 4.1% (2015)
Imports - major partners
China 13%, Germany 7.7%, US 5.9%, Turkey 4.5%, Russia 4.4%, Italy 4.4%, Saudi Arabia 4.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 4,256 million | USD 4,612 million | USD 6,885 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 301 million | USD 253 million | USD 182 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD -15.7 million | N/A | USD 189.9 million | USD 1672.1 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 122 out of 190 countries (2016)
Subcategories:
Starting a business: 39 out of 190 countries
Enforcing Contracts: 162 out of 190 countries
Registering Property: 109 out of 190 countries
Getting credit: 82 out of 190 countries
Protecting investors: 114 out of 190 countries
Trading across border: 168 out of 190 countries
Paying Taxes: 162 out of 190 countries
Dealing with Construction Permits: 64 out of 190 countries
Getting Electricity: 88 out of 190 countries
Resolving Insolvency: 109 out of 190 countries
Source
Global competitiveness ranking
115 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 125 / Score: 55.96 (Mostly unfree) (2017)
(100=totally free 0=totally repressed)
Source
Source
Languages
Arabic (official), English and French widely understood by educated classes
Religions
Muslim (predominantly Sunni) 90%, Christian (majority Coptic Orthodox, other Christians include Armenian Apostolic, Catholic, Maronite, Orthodox, and Anglican) 10% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 51.36 million | 63.771 million | 78.728 million | 91.047 million | 102.01 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 38% | 44% | 43% | 43% |
Literacy
Total population: 73.8%
Male: 82.2%
Female: 65.4% (2015 est.)
(age 15 and over can read and write)
Freedom House rating
Political Rights: 6
Civil Liberties: 5 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 7.36% Mobile 110.99% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
World's Best Developed & Emerging Markets Banks
2010
World's Best Islamic Financial Institutions
2013
2012
- WORLD'S BEST ISLAMIC FINANCIAL INSTITUTIONS 2012
- World’s Best Islamic Financial Institutions 2012: Regional Awards
- World’s Best Islamic Financial Institutions 2012: Overall Winners
- Winners’ Circle: World's Best Islamic Finance Institutions
- World’s Best Islamic Financial Institutions 2012: Country Awards
- Best Islamic Financial Firms 2012