Egypt | Economic Forecasts | 2017-2020 Outlook

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.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.40 4 3.7 4.1 4.2 4.9 percent [+]
Unemployment Rate 11.90 12 11.6 11.8 11.6 11 percent [+]
Inflation Rate 30.80 26.2 18.5 15.8 15.2 9.5 percent [+]
Interest Rate 18.75 18.75 18.75 16.75 16.75 11.75 percent [+]
Balance of Trade -3041.00 -1800 -1800 -2500 -2480 -2700 USD Million [+]
Government Debt to GDP 92.30 98 89 89 87.52 83 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Stock Market 14106.17 13700 13600 13500 13300 11800 points [+]
Currency 17.72 17.46 17.29 17.11 16.93 14.99 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.40 4 3.7 4.1 4.2 4.9 percent [+]
GDP Annual Growth Rate 4.90 4 3.7 4.1 4.4 4.9 percent [+]
GDP 336.30 290 302 302 352 335 USD Billion [+]
GDP Constant Prices 505849.40 513424 488710 523745 520212 588142 EGP Million [+]
Gross Fixed Capital Formation 75.00 69 72 72 58.99 85 EGP Billion [+]
GDP per capita 2724.40 2500 2600 2600 2805 2850 USD [+]
GDP per capita PPP 10319.30 9500 9800 9800 10649 10800 USD [+]
GDP From Agriculture 50737.20 52000 54000 53000 66449 57000 EGP Million [+]
GDP From Construction 31876.10 31237 25229 30782 25285 29569 EGP Million [+]
GDP From Manufacturing 73688.30 86812 82168 83103 73815 99819 EGP Million [+]
GDP From Mining 56324.80 62961 62796 62248 58568 65330 EGP Million [+]
GDP From Transport 18512.80 21055 20339 26339 22771 25000 EGP Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.90 12 11.6 11.8 11.6 11 percent [+]
Unemployed Persons 3496.00 3550 3500 3550 3403 3680 Thousand [+]
Minimum Wages 1200.00 1200 1200 1200 1082 1400 EGP/Month [+]
Population 92.80 94 96 96 97.48 100 Million [+]
Wages High Skilled 3500.00 4300 4400 4500 3164 5200 EGP/Month [+]
Wages Low Skilled 2160.00 1600 1650 1700 1994 2100 EGP/Month [+]
Living Wage Family 2580.00 3700 3800 3800 2352 4100 EGP/Month [+]
Living Wage Individual 1110.00 2250 2300 2300 954 2615 EGP/Month [+]
Employed Persons 25687.00 26163 25783 25781 25767 28164 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 30.80 26.2 18.5 15.8 15.2 9.5 percent [+]
Inflation Rate Mom 1.01 1.3 1.4 1 0.95 0.7 percent [+]
Consumer Price Index CPI 251.80 252 251 251 251 248 Index Points [+]
Core Consumer Prices 235.30 233 232 231 229 215 Index Points [+]
Core Inflation Rate 30.53 27 24 18 15 8.6 percent [+]
Food Inflation 41.22 36 29 24 22 7 percent [+]
Producer Prices 313.00 288 294 298 313 320 Index Points [+]
Producer Prices Change 38.80 22.8 16.6 12.3 16.91 6.4 percent [+]
CPI Housing Utilities 155.50 155 154 154 154 152 Index Points [+]
CPI Transportation 205.10 187 189 191 202 212 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 18.75 18.75 18.75 16.75 16.75 11.75 percent [+]
Money Supply M0 675069.00 532051 535175 538184 580958 620173 EGP Million [+]
Money Supply M1 738455.00 764801 783995 797011 805463 809791 EGP Million [+]
Money Supply M2 3050373.00 3104224 3116196 3116685 3113875 3077602 EGP Million [+]
Banks Balance Sheet 2846094.00 3537937 3715114 3892290 4069467 5509743 EGP Million [+]
Foreign Exchange Reserves 36703.00 32000 34712 37723 33587 50400 USD Million [+]
Loans to Private Sector 727728.00 727209 724825 722439 720138 699908 EGP Million [+]
Deposit Interest Rate 7.86 14 12 12 7.93 8 percent [+]
Lending Rate 19.75 17.75 17.75 17.75 17.75 9.75 percent [+]
Interbank Rate 9.30 10 10 10 9.95 9 percent [+]
Central Bank Balance Sheet 4586619.00 4627597 4602837 4574587 4545427 4296880 EGP Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -3041.00 -1800 -1800 -2500 -2480 -2700 USD Million [+]
Exports 1825.00 2300 2500 2600 1923 3400 USD Million [+]
Imports 4866.00 4100 4300 5100 4817 6100 USD Million [+]
Current Account -2396.40 -4400 -4800 -3600 -2376 -2700 USD Million [+]
Current Account to GDP -5.90 -5.2 -5 -5 -3.64 -3.9 percent [+]
External Debt 79032.80 88380 91997 95229 98013 48100 USD Million [+]
Foreign Direct Investment 2588.30 3400 3800 3300 2885 3400 USD Million [+]
Capital Flows 4395.30 12000 5000 6400 3913 15000 USD Million [+]
Remittances 4827.10 3800 4200 4100 4624 4800 USD Million [+]
Tourism Revenues 3.80 4.8 8.9 8.9 7.04 9.1 USD Billion [+]
Tourist Arrivals 781.00 657 700 670 600 890 Thousand [+]
Gold Reserves 76.28 75.55 75.41 75.82 75.7 75.66 Tonnes [+]
Crude Oil Production 485.00 486 487 487 488 494 BBL/D/1K [+]
Terrorism Index 7.17 7.6 7.1 7.1 5.62 5.9 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 92.30 98 89 89 87.52 83 percent [+]
Government Budget -9.80 -10.3 -9.5 -9.5 -9.77 -8.5 percent of GDP [+]
Government Budget Value 305038.00 -41394 -28497 -28497 -31243 -192981 Million EGP [+]
Government Spending 82.00 74 90 93 82.95 107 EGP Billion [+]
Government Revenues 538378.00 695000 720000 720000 744994 840000 Million EGP [+]
Fiscal Expenditure 805929.00 1060818 1074839 1088859 1102879 1246894 Million EGP [+]
Military Expenditure 5357.00 6200 7000 7000 5304 8000 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Manufacturing PMI 48.40 47.7 48.9 49.5 47.72 50.5 [+]
Industrial Production 15.60 -2.8 1.9 4.5 4.28 6.4 percent [+]
Industrial Production Mom -1.20 5.4 -2.9 -1.6 0.64 1.9 percent [+]
Manufacturing Production 52.30 -3.8 0.6 1.2 5.49 5.8 percent [+]
Changes in Inventories 7.00 4 3.92 3.68 3.46 2.51 EGP Billion [+]
Internet Speed 1978.30 2256 2104 2328 2249 2062 KBps [+]
IP Addresses 4504838.00 4181397 3657724 3766707 3924053 3396951 IP [+]
Steel Production 567.67 538 541 534 530 494 Thousand Tonnes [+]
Ease of Doing Business 128.00 120 122 123 124 120 [+]
Competitiveness Index 3.90 3.79 3.79 3.79 3.79 4.07 Points [+]
Competitiveness Rank 100.00 112 112 112 112 98 [+]
Corruption Index 34.00 32 31 31 31 30 Points [+]
Corruption Rank 108.00 116 114 111 109 97 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 770.00 670 650 720 682 1010 EGP Billion [+]
Consumer Confidence 64.00 62 65 67 80.13 82 [+]
Consumer Credit 249287.00 256033 260258 262791 264189 260437 EGP Million [+]
Bank Lending Rate 19.60 16.5 16 16 20.06 12 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 22.50 21 22.5 22.5 22 22.5 percent [+]
Personal Income Tax Rate 22.50 21 21 22 22 22.5 percent [+]
Sales Tax Rate 13.00 13 10 10 10 16 percent [+]
Social Security Rate 40.00 40 40 40 40 40 percent [+]
Social Security Rate For Companies 26.00 26 26 26 26 26 percent [+]
Social Security Rate For Employees 14.00 14 14 14 14 14 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 3.00 2.13 2.13 2.13 2.13 2.13 mm [+]
Temperature 13.00 15.47 18.07 28.61 25.75 18.09 celsius [+]