The Gross Domestic Product (GDP) in Egypt expanded 5 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Egypt averaged 4.23 percent from 1992 until 2020, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011. This page provides - Egypt GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt GDP Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Growth Rate in Egypt is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Egypt to stand at 5.30 in 12 months time. In the long-term, the Egypt GDP Growth Rate is projected to trend around 5.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Egypt GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.60 7.70 -3.80 1992 - 2020 percent Quarterly

Egypt GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.00 5.60 7.70 -3.80 percent [+]
GDP 303.20 250.90 332.90 4.00 USD Billion [+]
GDP Constant Prices 965220.20 996046.40 1006990.80 316764.40 EGP Million [+]
GDP per capita 3008.80 2907.30 3008.80 578.30 USD [+]
GDP per capita PPP 11763.30 11366.30 11763.30 6016.90 USD [+]
GDP From Agriculture 106761.20 104323.70 134192.00 42897.60 EGP Million [+]
GDP From Construction 66649.00 70659.60 70659.60 10878.70 EGP Million [+]
GDP From Manufacturing 121177.90 144131.70 181880.20 51326.60 EGP Million [+]
GDP From Mining 99307.70 108122.30 122278.00 52089.80 EGP Million [+]
GDP From Transport 40269.40 41042.80 50233.90 11148.90 EGP Million [+]

Egypt GDP Growth Rate
Egypt has one of the most developed and diversified economies in the Middle East. Until 2010, Egyptian economy was growing an average 5 percent a quarter as a result of several economic reforms attracting foreign investments. During that time, the economy and the living standards for majority of population improved. Yet, living conditions for the average Egyptian still remained poor and large income disparities continued to grow, leading to the public discontent. The 2011 revolution, which brought down President Hosni Mubarak regime, have caused economic slowdown as political and institutional uncertainty and rising insecurity continue to hurt tourism, manufacturing, and construction.