The economy of Egypt advanced 5% year-on-year in the first quarter of 2020, below a 5.6% growth in the previous period. The global pandemic and containment measures the Egyptian authorities began imposing in March caused a slowdown in economic activities, including tourism, manufacturing, and wholesale & retail trade, according to a preliminary report issued by the Ministry of Planning and Economic Development.
GDP Annual 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 the latest reported value for - Egypt GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020. source: Central Bank of Egypt
GDP Annual Growth Rate in Egypt is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Egypt to stand at 5.00 in 12 months time. In the long-term, the Egypt GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.