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Egypt Economic Outlook

Economic growth in Egypt, estimated at 5.6% for 2019, is forecast to strengthen to 5.8% in 2020 and 6% in 2021, supported by broad-based economic reform programs since 2016. Other factors supporting growth include the recalibration of government’s social inclusion programs away from general subsidies on energy products to targeted transfers and improvements in the business environment. Tourism, construction, and oil and gas were driving growth. On the demand side, consumption remained subdued as exports and investments were more robust.

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Key Facts

Capital: Cairo
Area: 1,001,000 sq km
Total Population 2017: 95.2 Million ...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 263.7 Billion
GNI Per Capita 2015: US$ 3,340
Inflation Rate: 16.95%
Crude Birth Rate (per 1000): 25.80%
Human Development Index (rank / 188): 111
Human Development Index (scale 0 to 1): 0.691
Membership Date: 14/09/1964
Cumulative Approvals (1967-2016):

UA 4.6 Billion

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Egypt Country 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

Ms Malinne Blomberg, Country Manager

Regional Development, Integration and Business Delivery Office (RDIB)

Director General, Mr. Mohamed El Azizi

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

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