Egypt - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 4.30 3.7 4.1 4.2 4.2 4.9 percent
Unemployment Rate 11.90 11.6 11.8 11.6 11.6 11 percent
Inflation Rate 21.90 23 20 18 15.2 9.5 percent
Interest Rate 18.75 18.75 16.75 16.75 15.75 11.75 percent
Balance of Trade -3214.00 -1800 -2500 -2644 -2700 -2700 USD Million
Government Debt to GDP 92.30 89 89 92.3 89 83 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 15197.08
points
14530 13991 13472 12972 9587
Currency 17.69
18.19 18.64 19.11 19.59 21.62
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 4.30
percent
3.7 4.1 4.2 4.2 4.9
GDP Annual Growth Rate 4.90
percent
3.7 4.1 4.4 4.2 4.9
GDP 336.30
USD Billion
302 302 347 302 335
GDP Constant Prices 850502.20
EGP Million
488710 523745 936291 536528 588142
Gross Fixed Capital Formation 101.00
EGP Billion
72 72 77.61 72 85
GDP per capita 2724.40
USD
2600 2600 2759 2600 2850
GDP per capita PPP 10319.30
USD
9800 9800 10468 10200 10800
GDP From Agriculture 50737.20
EGP Million
54000 53000 66449 54000 57000
GDP From Construction 31876.10
EGP Million
25229 30782 25285 30580 29569
GDP From Manufacturing 73688.30
EGP Million
82168 83103 73815 90201 99819
GDP From Mining 56324.80
EGP Million
62796 62248 58568 63658 65330
GDP From Transport 18512.80
EGP Million
20339 26339 22771 22800 25000
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.90
percent
11.6 11.8 11.6 11.6 11
Unemployed Persons 3513.00
Thousand
3370 3570 3470 3600 3280
Minimum Wages 1200.00
EGP/Month
1200 1200 2000 2000 2000
Population 92.80
Million
96 96 96 96 100
Wages High Skilled 3500.00
EGP/Month
4400 4500 4500 4700 5200
Wages Low Skilled 2160.00
EGP/Month
2250 2250 2250 2250 2700
Living Wage Family 2580.00
EGP/Month
3800 3800 3800 3900 4100
Living Wage Individual 1110.00
EGP/Month
2300 2300 2300 2480 2615
Employed Persons 25959.00
Thousand
26160 25790 25830 26820 28164
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 21.90
percent
23 20 18 15.2 9.5
Inflation Rate Mom 1.00
percent
1.4 1 1.06 1.1 0.7
Consumer Price Index CPI 258.10
Index Points
266 272 275 277 277
Core Consumer Prices 237.50
Index Points
236 234 232 231 211
Core Inflation Rate 19.86
percent
24 18 15 13 8.6
Food Inflation 32.31
percent
29 24 22 14 7
Producer Prices 169.90
Index Points
294 298 179 304 320
Producer Prices Change 30.40
percent
16.6 12.3 13.49 10.5 6.4
CPI Housing Utilities 155.50
Index Points
155 155 155 154 151
CPI Transportation 205.10
Index Points
189 191 202 196 212
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 18.75
percent
18.75 16.75 16.75 15.75 11.75
Money Supply M0 646349.00
EGP Million
535175 538184 646628 548172 620173
Money Supply M1 727438.00
EGP Million
733079 732673 732022 731035 717900
Money Supply M2 3140631.00
EGP Million
3198872 3206586 3206020 3202902 3169832
Banks Balance Sheet 4420860.00
EGP Million
4398365 5141880 5885395 6628911 13995713
Foreign Exchange Reserves 37020.00
USD Million
34712 37723 34540 43000 50400
Loans to Private Sector 730867.00
EGP Million
726866 724779 722467 720212 702613
Deposit Interest Rate 7.86
percent
7.86 7.3 7.3 7.3 8
Lending Rate 19.75
percent
19.75 19.75 19.75 19.75 9.75
Interbank Rate 9.30
percent
10 10 9.92 9 9
Central Bank Balance Sheet 4688598.00
EGP Million
4736381 4709311 4681037 4652794 4437331
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -3214.00
USD Million
-1800 -2500 -2644 -2700 -2700
Exports 2242.00
USD Million
2500 2600 2005 2700 3400
Imports 5456.00
USD Million
4300 5100 5013 5400 6100
Current Account -1639.10
USD Million
-4800 -3600 -1570 -3800 -2700
Current Account to GDP -5.90
percent
-5 -5 -4.39 -5 -3.9
External Debt 79032.80
USD Million
91997 95229 98013 100278 48100
Foreign Direct Investment 2588.30
USD Million
3800 3300 2885 3500 3400
Capital Flows 6228.60
USD Million
5000 6400 4082 14000 15000
Remittances 4827.10
USD Million
4200 4100 4624 4200 4800
Tourism Revenues 3.80
USD Billion
8.9 8.9 6.67 8.9 9.1
Tourist Arrivals 781.00
Thousand
700 670 600 769 890
Gold Reserves 76.29
Tonnes
75.73 75.49 75.27 75.49 75.64
Crude Oil Production 472.00
BBL/D/1K
472 473 474 474 480
Terrorism Index 7.17
7.1 7.1 6.24 7.1 5.9
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 92.30
percent
89 89 92.3 89 83
Government Budget -9.80
percent of GDP
-9.5 -9.5 -10.12 -9.5 -8.5
Government Budget Value 305038.00
Million EGP
-48529 -28497 -34259 -28497 -192981
Government Spending 104.20
EGP Billion
90 93 91.5 95 107
Government Revenues 538378.00
Million EGP
720000 720000 573793 720000 840000
Fiscal Expenditure 805929.00
Million EGP
826673 823489 820305 817121 651074
Military Expenditure 5357.00
USD Million
7000 7000 5352 7000 8000
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing PMI 48.30
48.9 49.5 47.92 50.1 50.5
Industrial Production 22.65
percent
16.3 16.1 15.7 15.1 6.4
Industrial Production Mom -2.40
percent
-2.9 -1.6 0.64 3.7 1.9
Manufacturing Production 52.30
percent
13.2 11.2 7 3.5 5.8
Changes in Inventories 7.00
EGP Billion
3.92 3.68 3.46 3.28 2.51
Internet Speed 1978.30
KBps
2104 2328 2249 2214 2062
IP Addresses 4504838.00
IP
3657724 3766707 3924053 3627106 3396951
Steel Production 586.00
Thousand Tonnes
569 561 557 552 516
Ease of Doing Business 128.00
121 122 123 124 120
Competitiveness Index 3.90
Points
3.79 3.79 3.79 3.79 4.07
Competitiveness Rank 100.00
112 112 112 112 98
Corruption Index 34.00
Points
34 33 33 32 30
Corruption Rank 108.00
101 106 111 116 97
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 770.00
EGP Billion
650 720 682 810 1010
Consumer Confidence 64.00
Index Points
65 67 80.13 71 82
Consumer Credit 258325.00
EGP Million
269505 274816 278228 280306 278665
Bank Lending Rate 19.70
percent
16 16 19.6 13 12
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 22.50
percent
22.5 22.5 21 22.5 22.5
Personal Income Tax Rate 22.50
percent
23 23 22 21 22.5
Sales Tax Rate 13.00
percent
10 10 10 15 16
Social Security Rate 40.00
percent
40 40 40 40 40
Social Security Rate For Companies 26.00
percent
26 26 26 26 26
Social Security Rate For Employees 14.00
percent
14 14 14 14 14
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 3.78
mm
3.91 2.16 2.19 3.08 2.9
Temperature 13.83
celsius
15.59 26.35 29.4 19.42 23.18