This page has economic forecasts for Egypt including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Egypt economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 9.90 9.1 9.1 8.5 7.9 7.5 percent
Inflation Rate 17.70 14 13 12.5 12.3 9.5 percent
Interest Rate 16.75 15.75 14.75 14.5 14.5 14.5 percent
Balance of Trade -3952.00 -3300 -2620 -3884 -3898 -2700 USD Million
Government Debt to GDP 101.20 89 85 85 85 83 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Stock Market 13681.67
points		 14247 14051 13857 13665 12926
Currency 17.93
 17.95 17.99 18.03 18.07 18.23
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.40
percent		 5.6 5.6 5.6 5.1 5.8
GDP 235.37
USD Billion		 270 300 300 300 315
GDP Constant Prices 945088.00
EGP Million		 935093 958109 998013 993287 1045720
GDP per capita 2785.37
USD		 2800 2890 2890 2890 2950
GDP per capita PPP 10550.21
USD		 10700 11200 11200 11200 12100
GDP From Agriculture 100457.90
EGP Million		 93673 102028 106084 105581 104755
GDP From Construction 5524.40
EGP Million		 58007 57981 5834 5806 64870
GDP From Manufacturing 139176.80
EGP Million		 169668 160800 146971 146275 189741
GDP From Mining 103981.80
EGP Million		 87138 115265 109805 109285 97447
GDP From Transport 47847.80
EGP Million		 46117 47116 39648 46522 54116
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 9.90
percent		 9.1 9.1 8.5 7.9 7.5
Unemployed Persons 2875.00
Thousand 		2900 2800 2800 2700 2500
Minimum Wages 1200.00
EGP/Month		 1200 1500 1500 1500 2000
Population 96.20
Million		 98 100 100 100 102
Wages High Skilled 3640.00
EGP/Month		 4700 5000 5000 5000 5200
Wages Low Skilled 2200.00
EGP/Month		 2250 2550 2250 2250 2700
Living Wage Family 2710.00
EGP/Month		 2700 3000 3000 3000 4100
Living Wage Individual 1150.00
EGP/Month		 1300 1500 1500 1500 2000
Employed Persons 26161.00
Thousand		 26820 26477 26571 26662 28164
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 17.70
percent		 14 13 12.5 12.3 9.5
Inflation Rate Mom 2.60
percent		 1.1 1.5 1.62 1.58 0.7
Consumer Price Index CPI 296.30
Index Points		 294 295 309 330 361
Core Consumer Prices 256.10
Index Points		 260 265 277 280 314
Core Inflation Rate 8.86
percent		 9.6 10 10.3 10.5 8.6
Food Inflation 20.20
percent		 13 12 12.5 13 7
Producer Prices 207.60
Index Points		 224 224 236 243 296
Producer Prices Change 24.30
percent		 27 24 20 17 13
CPI Housing Utilities 178.60
Index Points		 177 176 188 201 217
CPI Transportation 284.20
Index Points		 234 232 317 319 287
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 16.75
percent		 15.75 14.75 14.5 14.5 14.5
Money Supply M0 679976.00
EGP Million		 548172 723097 739899 756535 620173
Money Supply M1 838911.00
EGP Million		 864676 891564 918473 945287 1181999
Money Supply M2 3547782.00
EGP Million		 3671402 3783002 3894635 4003239 4882378
Banks Balance Sheet 5080570.00
EGP Million		 5511414 5675899 5758141 5840384 7202556
Foreign Exchange Reserves 44501.00
USD Million		 43000 44559 44573 44576 50400
Loans to Private Sector 804791.00
EGP Million		 817250 824600 829427 832923 840019
Deposit Interest Rate 11.90
percent		 11.9 10.9 10.65 10.65 10.65
Lending Rate 17.75
percent		 16.75 15.75 15.5 15.5 15.5
Central Bank Balance Sheet 5196612.00
EGP Million		 5347454 5457193 5533094 5610328 6054354
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -3952.00
USD Million		 -3300 -2620 -3884 -3898 -2700
Exports 1983.00
USD Million		 2700 2500 2132 2130 3400
Imports 5936.00
USD Million		 6000 5120 6016 6027 6100
Current Account -642.20
USD Million		 -3800 -891 -575 -709 -2700
Current Account to GDP -6.50
percent		 -5 -4.5 -4.5 -4.5 -3.9
External Debt 92643.90
USD Million		 98154 101234 103436 105541 48100
Foreign Direct Investment 2920.10
USD Million		 3500 3285 3218 3034 3400
Capital Flows 2951.90
USD Million		 7000 4859 5188 5272 9000
Remittances 7005.40
USD Million		 7000 7050 7285 7114 7000
Tourism Revenues 7.60
USD Billion		 8.9 6.55 6.49 6.42 9.1
Tourist Arrivals 712.00
Thousand		 769 700 700 700 890
Gold Reserves 77.40
Tonnes		 77.65 77.89 78.13 78.36 80.21
Crude Oil Production 560.00
BBL/D/1K		 560 560 560 560 560
Terrorism Index 7.17
 7.17 7.17 7.17 7.17 7.17
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 101.20
percent		 89 85 85 85 83
Government Budget -9.50
percent of GDP		 -8.4 -8 -8 -8 -7.5
Government Budget Value -267551.00
Million EGP		 -28497 -417822 -427164 -436506 -255049
Government Spending 106.00
EGP Billion		 95 90.82 90.82 105 107
Government Revenues 538378.00
Million EGP		 720000 588133 597952 607771 840000
Fiscal Expenditure 886774.00
Million EGP		 986793 1005954 1025116 1044277 1095049
Military Expenditure 4003.80
USD Million		 7000 3910 3962 4013 8000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Manufacturing PMI 48.60
 50.8 51 51.3 51.5 50.5
Industrial Production 5.40
percent		 6.5 7 7.5 7.8 6.4
Industrial Production Mom 0.70
percent		 3.7 0.38 0.38 0.36 1.9
Manufacturing Production 12.60
percent		 5.5 4.88 4.89 5.1 5.8
Changes in Inventories 7.00
EGP Billion		 4.25 4.29 4.31 4.3 4.28
Internet Speed 1978.30
KBps		 2183 2183 2183 2183 2183
IP Addresses 4504838.00
IP		 4087162 4024207 4088967 4043502 3885131
Steel Production 590.00
Thousand Tonnes		 622 616 617 617 617
Ease of Doing Business 120.00
 126 123 122 127 120
Competitiveness Index 53.59
Points		 54.09 54.09 54.09 54.09 56.59
Competitiveness Rank 94.00
 94 94 94 94 94
Corruption Index 32.00
Points		 32 32 32 32 32
Corruption Rank 117.00
 117 117 117 117 117
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 880.00
EGP Billion		 810 850 1045 1139 1010
Gasoline Prices 0.38
USD/Liter		 0.38 0.38 0.38 0.38 0.38
Consumer Confidence 85.00
Index Points		 87 85 84 83 82
Consumer Credit 294505.00
EGP Million		 304247 314208 324089 333915 419809
Bank Lending Rate 17.30
percent		 17.3 16.3 16.05 16.05 16.05
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 22.50
percent		 22.5 22.5 22.5 22.5 22.5
Personal Income Tax Rate 22.50
percent		 22.5 22.5 22.5 22.5 22.5
Sales Tax Rate 14.00
percent		 14 14 14 14 16
Social Security Rate 40.00
percent		 40 40 40 40 40
Social Security Rate For Companies 26.00
percent		 26 26 26 26 26
Social Security Rate For Employees 14.00
percent		 14 14 14 14 14
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 3.78
mm		 3.08 3.92 2.6 2.6 2.9
Temperature 13.83
celsius		 19.42 15.62 30.06 25.77 23.18



Egypt - Economic Forecasts - 2018-2020 Outlook