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. source: Central Bank of Egypt

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.

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.

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Egypt GDP Annual 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 Annual Growth Rate
Egypt is the third largest economy in the Arab world. Services are the most important sector of the economy and account for around 47.5 percent of total GDP. The most important segments within Services are Wholesale and Retail Trade (10 percent of the output), Government (9 percent), Transportation and Communication (8 percent), Finance, Insurance and Real Estate (8 percent) and Tourism (4 percent). Industry constitutes 30 percent of the output and the largest segments within this sector are: Manufacturing (15.5 percent) and Extraction (13.5 percent). Agriculture accounts for 14.5 percent of output and Electricity, Water, Sanitation and Construction for around 7 percent.