Markets Actual Q3 Q4 Q1 Q2 2021
Currency 15.99 15.97 16.01 16.04 16.07 16.14
Stock Market (points) 10957.02 10650 10352 10062 9780 9217

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 2.8 3.5 2.7 3.3 4
Unemployment Rate (%) 7.70 8.1 8 7.7 7.6 7.8
Inflation Rate (%) 5.60 6.5 5.7 6.2 6.5 7.2
Inflation Rate Mom (%) 0.10 0.4 0.3 0.8 1.1 1
Interest Rate (%) 9.25 9.25 8.25 8.25 8.25 7.25
Balance of Trade (USD Million) -2355.00 -3200 -3240 -3330 -3340 -3400
Current Account (USD Million) -3192.00 -1750 -2700 -2600 -1000 -2300
Current Account to GDP (%) -3.60 -5 -5 -3.8 -3.8 -3.8
Government Debt to GDP (%) 90.00 93 93 88 88 88
Government Budget (% of GDP) -8.00 -8.7 -8.7 -6.3 -6.3 -6.3
Manufacturing PMI (points) 44.60 48 47.8 49 50 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 Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.00 2.8 3.5 2.7 3.3 4
GDP (USD Billion) 303.20 220 220 280 280 280
GDP Constant Prices (EGP Million) 977748.60 962470 1011970 1004148 1010014 1052449
GDP per capita (USD) 3008.80 2900 2900 3050 3050 3050
GDP per capita PPP (USD) 11763.30 10500 10500 11200 11200 11200
GDP From Agriculture (EGP Million) 95317.00 137949 98653 97891 98462 102599
GDP From Construction (EGP Million) 65752.90 48711 68054 67528 67923 70776
GDP From Manufacturing (EGP Million) 173544.50 158396 179619 178230 179271 186803
GDP From Mining (EGP Million) 93904.50 66562 97191 96440 97003 101079
GDP From Transport (EGP Million) 41042.80 46594 42479 42151 42397 44178

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 7.70 8.1 8 7.7 7.6 7.8
Unemployed Persons (Thousand ) 2236.00 2460 2450 2350 2150 2250
Minimum Wages (EGP/Month) 2000.00 2000 2000 2000 2000 2000
Population (Million) 99.80 102 102 104 104 103
Employed Persons (Thousand) 26772.00 25600 25000 25500 26500 27000

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 5.60 6.5 5.7 6.2 6.5 7.2
Inflation Rate Mom (%) 0.10 0.4 0.3 0.8 1.1 1
Consumer Price Index CPI (points) 107.70 111 111 113 115 119
Core Consumer Prices (points) 104.40 103 105 107 109 109
Core Inflation Rate (%) 1.00 2.7 3 4.1 4.2 4.2
Food Inflation (%) 0.10 0.7 1.3 1.6 2 2
CPI Housing Utilities (points) 106.10 111 111 112 112 119
CPI Transportation (points) 115.70 124 123 123 123 131
Producer Prices (points) 168.90 194 211 186 176 221
Producer Prices Change (%) -10.80 -6 3 4 4.2 4.4

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 9.25 9.25 8.25 8.25 8.25 7.25
Money Supply M2 (EGP Million) 4451426.00 4550000 4250000 4250000 4250000 4250000
Banks Balance Sheet (EGP Million) 5516806.00 6000000 6000000 6400000 6400000 6400000
Foreign Exchange Reserves (USD Million) 38201.00 30000 42000 42500 43000 45000
Loans to Private Sector (EGP Million) 980890.00 985000 980000 985000 976000 975000
Deposit Interest Rate (%) 8.80 8.8 8.8 8.8 8.8 8.8
Lending Rate (%) 10.25 10.25 9.25 9.25 9.25 9.25
Central Bank Balance Sheet (EGP Million) 6165749.00 6880000 6850000 7300000 7000000 7250000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -2355.00 -3200 -3240 -3330 -3340 -3400
Current Account (USD Million) -3192.00 -1750 -2700 -2600 -1000 -2300
Current Account to GDP (%) -3.60 -5 -5 -3.8 -3.8 -3.8
Imports (USD Million) 4193.00 5450 5700 5700 5640 6000
Exports (USD Million) 1838.00 2250 2460 2370 2300 2600
External Debt (USD Million) 112670.60 120000 125000 127500 130000 128000
Foreign Direct Investment (USD Million) 4899.00 3600 3800 4600 3700 4500
Capital Flows (USD Million) 4576.20 1650 3000 4100 2300 2800
Remittances (USD Million) 6963.90 6300 6500 6300 6700 7000
Tourism Revenues (USD Billion) 12.57 7 7 10 10 10

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 90.00 93 93 88 88 88
Government Budget (% of GDP) -8.00 -8.7 -8.7 -6.3 -6.3 -6.3
Government Budget Value (Million EGP) -425035.00 -400000 -400000 -350000 -350000 -350000
Government Spending (EGP Billion) 114.00 109 118 117 118 123
Government Revenues (Million EGP) 1080152.00 1200000 1200000 1350000 1350000 1350000
Fiscal Expenditure (Million EGP) 1505187.00 1600000 1600000 1700000 1700000 1700000
Military Expenditure (USD Million) 2564.00 8000 8000 8000 8000 8000

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Manufacturing PMI (points) 44.60 48 47.8 49 50 49
Industrial Production (%) 3.90 -1.8 -3.6 4.4 5.2 6.2
Industrial Production Mom (%) -4.00 -4.5 -5.5 -5.5 5 4.8
Manufacturing Production (%) 3.50 -3.2 -4 3.2 4 4.5

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (EGP Billion) 1257.00 1283 1301 1291 1298 1353
Gasoline Prices (USD/Liter) 0.46 0.48 0.48 0.48 0.43 0.48
Bank Lending Rate (%) 11.40 11.8 11.8 11.8 11.8 11.8
Consumer Confidence (points) 99.00 85 87 93 90 90
Consumer Credit (EGP Million) 438182.00 382632 409566 438052 447335 425949

Housing Actual Q3 Q4 Q1 Q2 2021
Construction Output (%) 0.50 0.3 1 -1.5 25 30


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.