Egypt recorded a Current Account deficit of 3192 USD Million in the fourth quarter of 2019.

Current Account in Egypt averaged -872.99 USD Million from 1993 until 2019, reaching an all time high of 1538.90 USD Million in the third quarter of 2003 and a record low of -5663.20 USD Million in the first quarter of 2016. This page provides the latest reported value for - Egypt Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt Current Account - values, historical data and charts - was last updated on July of 2020. source: Central Bank of Egypt

Current Account in Egypt is expected to be -600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Egypt to stand at -2600.00 in 12 months time. In the long-term, the Egypt Current Account is projected to trend around -2300.00 USD Million in 2021 and -1880.00 USD Million in 2022, according to our econometric models.

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Egypt Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-3192.00 -1382.20 1538.90 -5663.20 1993 - 2019 USD Million Quarterly

Egypt Trade Last Previous Highest Lowest Unit
Balance of Trade -2355.00 -2693.00 235.50 -5056.10 USD Million [+]
Current Account -3192.00 -1382.20 1538.90 -5663.20 USD Million [+]
Current Account to GDP -3.60 -2.40 8.70 -8.50 percent [+]
Imports 4193.00 4931.00 7160.60 33.05 USD Million [+]
Exports 1838.00 2238.00 3063.40 12.63 USD Million [+]
External Debt 112670.60 109362.60 112670.60 26132.50 USD Million [+]
Foreign Direct Investment 4899.00 4261.90 5572.50 40.70 USD Million [+]
Capital Flows 4576.20 657.90 11279.80 -4588.40 USD Million [+]
Remittances 6963.90 6712.60 7098.90 655.20 USD Million [+]
Tourism Revenues 12.57 9.80 12.57 3.80 USD Billion [+]
Gold Reserves 79.40 78.97 79.40 75.58 Tonnes [+]
Crude Oil Production 578.00 578.00 930.00 560.00 BBL/D/1K [+]
Terrorism Index 6.79 7.35 7.35 0.04 [+]


Egypt Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).