Egypt recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Egypt averaged -1.26 percent from 1980 until 2019, reaching an all time high of 8.70 percent in 1992 and a record low of -8.50 percent in 1984. This page provides - Egypt Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Current Account to GDP - values, historical data and charts - was last updated on September of 2020. source: Central Bank of Egypt

Current Account to GDP in Egypt is expected to reach -3.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Current Account to GDP is projected to trend around -3.50 percent in 2021 and -3.40 percent in 2022, according to our econometric models.

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Egypt Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -2.40 8.70 -8.50 1980 - 2019 percent Yearly

Egypt Trade Last Previous Highest Lowest Unit
Balance of Trade -2277.00 -3309.00 235.50 -5056.10 USD Million [+]
Current Account -2764.70 -3192.00 1538.90 -5663.20 USD Million [+]
Current Account to GDP -3.60 -2.40 8.70 -8.50 percent [+]
Imports 4430.00 5558.00 7160.60 33.05 USD Million [+]
Exports 2153.00 2248.00 3063.40 12.63 USD Million [+]
External Debt 111292.20 112670.60 112670.60 26132.50 USD Million [+]
Foreign Direct Investment 3585.00 4899.00 5572.50 40.70 USD Million [+]
Capital Flows -1143.50 4576.20 11279.80 -4588.40 USD Million [+]
Remittances 7869.00 6963.90 7869.00 655.20 USD Million [+]
Tourism Revenues 12.57 9.80 12.57 3.80 USD Billion [+]
Gold Reserves 79.60 79.40 79.60 75.58 Tonnes [+]
Crude Oil Production 578.00 578.00 930.00 560.00 BBL/D/1K [+]
Terrorism Index 6.79 7.35 7.35 0.04 [+]


Egypt Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.