Markets Actual Q1 Q2 Q3 Q4 2021
Stock Market (points) 13720.65 13724 13532 13343 13156 12783
Currency 15.51 15.78 15.82 15.85 15.88 15.95

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.60 5.4 5.3 5.4 5.8 5.9
Unemployment Rate (%) 8.00 6.2 6.4 6.7 7.3 6.8
Inflation Rate (%) 7.20 6.5 7.4 8 9 8.3
Inflation Rate Mom (%) 0.70 1 0.6 0.7 1 1.2
Interest Rate (%) 12.25 12.25 11.25 10.25 10.25 9.75
Balance of Trade (USD Million) -3454.00 -4600 -4260 -3190 -4300 -4340
Current Account (USD Million) -1382.20 -2600 185 -1530 -1400 -1560
Current Account to GDP (%) -2.40 -2.1 -2.1 -2.1 -2.1 -1.7
Government Debt to GDP (%) 90.50 89 89 89 89 87
Government Budget (% of GDP) -8.20 -6.2 -6.2 -6.2 -6.2 -6
Manufacturing PMI (points) 46.00 50 49.3 48.5 48.7 49
Corporate Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Personal Income Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.60 5.4 5.3 5.4 5.8 5.9
GDP (USD Billion) 250.90 315 315 315 315 330
GDP Constant Prices (EGP Million) 936455.00 1010396 1048837 1049833 1053817 1115992
GDP per capita (USD) 2907.30 3100 3100 3100 3100 3145
GDP per capita PPP (USD) 11013.74 12100 12100 12100 12100 12100
GDP From Agriculture (EGP Million) 134192.00 104996 109853 109957 110374 116887
GDP From Construction (EGP Million) 47384.30 62441 74405 74475 74758 79169
GDP From Manufacturing (EGP Million) 154081.90 164890 151771 151915 152491 161488
GDP From Mining (EGP Million) 64749.30 128881 113853 113961 114393 121143
GDP From Transport (EGP Million) 45325.30 41197 52896 52947 53147 56283

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 8.00 6.2 6.4 6.7 7.3 6.8
Unemployed Persons (Thousand ) 2329.00 2680 2400 2170 2200 2340
Minimum Wages (EGP/Month) 2000.00 2000 2000 2000 2000 2000
Population (Million) 98.00 102 102 102 102 103
Wages High Skilled (EGP/Month) 3640.00 5000 5000 5000 5200 5200
Wages Low Skilled (EGP/Month) 2200.00 2550 2550 2550 2700 2700
Living Wage Family (EGP/Month) 2710.00 3000 3000 3000 4100 4100
Living Wage Individual (EGP/Month) 1150.00 1500 1500 1500 2000 2000
Employed Persons (Thousand) 26100.00 27300 27300 27200 28164 28164

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 7.20 6.5 7.4 8 9 8.3
Inflation Rate Mom (%) 0.70 1 0.6 0.7 1 1.2
Consumer Price Index CPI (points) 105.60 108 109 113 114 124
Core Consumer Prices (points) 102.40 270 278 106 108 114
Core Inflation Rate (%) 2.70 3 4.3 5 6 5.8
Food Inflation (%) 1.80 -5 -4.7 -4.3 -4.1 2.6
Producer Prices (points) 205.10 195 199 211 207 216
Producer Prices Change (%) 0.30 -2.5 -1.8 2 3 4.1
CPI Housing Utilities (points) 104.90 107 108 113 114 124
CPI Transportation (points) 116.40 107 108 126 126 137

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 12.25 12.25 11.25 10.25 10.25 9.75
Money Supply M2 (EGP Million) 4110518.00 4014000 4350000 4550000 4250000 4250000
Foreign Exchange Reserves (USD Million) 45457.00 45800 47250 47400 48000 50000
Banks Balance Sheet (EGP Million) 5080570.00 6550000 6550000 6550000 6550000 7200000
Loans to Private Sector (EGP Million) 891624.00 900307 916305 923355 934796 989949
Deposit Interest Rate (%) 9.20 9.2 9.2 9.2 9.2 9.2
Lending Rate (%) 13.25 15.75 12.25 12.25 15.75 14
Central Bank Balance Sheet (EGP Million) 5940003.00 5518962 5700000 5736000 5772372 5772372

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -3454.00 -4600 -4260 -3190 -4300 -4340
Current Account (USD Million) -1382.20 -2600 185 -1530 -1400 -1560
Current Account to GDP (%) -2.40 -2.1 -2.1 -2.1 -2.1 -1.7
Imports (USD Million) 6041.00 7300 6800 6080 7000 7340
Exports (USD Million) 2587.00 2700 2540 2890 2700 3000
External Debt (USD Million) 109362.60 96800 115851 120000 116000 120000
Foreign Direct Investment (USD Million) 4261.90 3740 3380 2900 3600 3800
Capital Flows (USD Million) 657.90 8700 -400 -400 200 1500
Remittances (USD Million) 6712.60 6350 7800 6400 7000 7600
Tourism Revenues (USD Billion) 12.57 12 12 12 12 11.7
Tourist Arrivals (Thousand) 885.00 500 600 700 750 1000

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 90.50 89 89 89 89 87
Government Budget (% of GDP) -8.20 -6.2 -6.2 -6.2 -6.2 -6
Government Budget Value (Million EGP) -420006.00 -285000 -285000 -285000 -285000 -265000
Government Spending (EGP Billion) 106.00 106 113 113 113 120
Government Revenues (Million EGP) 915974.00 1120000 1120000 1120000 1120000 1135000
Fiscal Expenditure (Million EGP) 1335980.00 1450000 1450000 1450000 1450000 1400000
Military Expenditure (USD Million) 2564.00 8000 8000 8000 8000 8000

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Personal Income Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Sales Tax Rate (%) 14.00 14 14 14 14 14
Social Security Rate (%) 40.00 40 40 40 40 40
Social Security Rate For Companies (%) 26.00 26 26 26 26 26
Social Security Rate For Employees (%) 14.00 14 14 14 14 14

Business Actual Q1 Q2 Q3 Q4 2021
Manufacturing PMI (points) 46.00 50 49.3 48.5 48.7 49
Industrial Production (%) 0.10 4.8 6.4 3.7 5 6.5
Industrial Production Mom (%) -0.70 2.7 2.2 1.8 3 2.8
Manufacturing Production (%) -1.70 -2.3 2.4 3.2 3.8 5.4

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (EGP Billion) 1248.00 1126 1051 1052 1056 1118
Gasoline Prices (USD/Liter) 0.49 0.48 0.48 0.48 0.48 0.48
Bank Lending Rate (%) 13.80 13.8 13.8 13.8 13.8 13.8
Consumer Confidence (points) 89.00 86 88 84 80 84
Consumer Credit (EGP Million) 395714.00 352238 365863 393546 411351 435621

Housing Actual Q1 Q2 Q3 Q4 2021
Construction Output (%) -1.70 3.1 -5 28 42 35


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.