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Egypt Economic Outlook

In 2016/17, real GDP grew an estimated 4.1%, slightly underperforming the 4.3% in 2015/16. Growth is driven mainly by investment and private and public consumption, as well as by net exports, which contributed positively for the first time in two years. This positive performance reflects the government’s reform efforts to achieve fiscal consolidation, more inclusive growth, and an improved business environment. The approval of a three-year International Monetary Fund (IMF) program in November 2016 showed the success of those efforts. Growth is projected to be 4.8% in 2017/18 and 5.5% in 2018/19, boosted by restored investor confidence but partially diluted by high inflation. Inflation rose to an estimated 23.3% in 2016/17, from 10.3% in 2015/16, and is projected to decline to 21.2% in 2017/18 and 13.7% in 2018/19.

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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

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