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Egypt

Egypt Economic Outlook

  • Economic outlook for Egypt in 2016 remains cautiously optimistic, partly based on the government’s ability to deliver on expectations, as well as effective implementation of the Sustainable Development Strategy and ongoing macroeconomic reforms.
  • Growth is expected to accelerate, conditional on improved investor confidence, although global economic headwinds present challenges to the outlook.
  • Overall, success will be demonstrated by effectively addressing long-standing domestic challenges of low and non-inclusive growth, and the implications of high population on the sustainability of urban growth.

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Key Facts

Flag:
Capital: Cairo
Area: 1,001,000 sq km
Total Population 2015: 82.1 Million
Urban Population 2015: 43.81%
Female Population 2015: 49.78%
GDP: US$ 246.4 Billion
GNI Per Capita 2015: US$ 2,980
Inflation Rate: 6.95%
Crude Birth Rate (per 1000): 23.18%
Human Development Index (rank / 187): 112
Human Development Index (scale 0 to 1): 0.662
Membership Date: 14/09/1964
Cumulative Approvals (1967-2015): UA 4.2 Billion

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Contacts

Egypt field office

African Development Bank Group
72b, Al-Maahad El-Eshteraky st. 5th floor
Afreximbank Bldg. – Opposite to Marryland Roxy /Heliopolis
Cairo, Egypt

Phone: (202) 22 563 790/1
Fax: (202) 22 563 792

Mrs. Leila Mokaddem, Resident Representative

Department North Africa Region

Director North Africa Region, Mr. Jacob Kolster

African Development Bank Group
Immeuble Zahrabed
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia

Tel: (+216) 71102953
Fax: (+216) 71194523