
Egypt
Egypt Economic Outlook
Real GDP growth was an estimated 5.3% in 2018, the highest rate in a decade. The growth was associated with a decrease in unemployment to around 10% from 12% in 2017. On the supply side, recoveries in tourism and in natural gas production sustained growth. On the demand side, net exports and investment rebounded, while private household consumption weakened due to inflation. With the ongoing broad fiscal consolidation effort, the fiscal deficit declined to 9.0% in 2018, and the fiscal balance excluding interest payments (primary balance) reached a modest surplus. The debt-to-GDP ratio decreased to 92.5% in 2018 from 103% in 2017. Following the 2016 devaluation, the nominal and real effective exchange rates dropped substantially, benefiting exports due to increasing price competitiveness and improving terms of trade.
Key Facts
Flag: | ![]() |
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 |
Activity
08/11/2016 - ÉGYPTE - Discours des Gouverneurs - Assemblées...
11/06/2012 - 2012 Annual Meetings - Egypt Speech
Project Portfolio
Reference | Project | Status |
---|---|---|
P-EG-I00-015 | ENHANCEMENT OF ENTREPRENEURSHIP ECOSYSTEM Categories: Egypt, Human Capital Development | ApprovedAPVD |
P-EG-K00-011 | ECONOMIC GOVERNANCE AND ENERGY SUPPORT PROGRAM III Categories: Egypt, Economic & Financial Governance | OngoingOnGo |
News
- 12/02/2019 - African Union Commission, African Development Bank, reaffirm commitment to accelerate the continent’s economic transformation
- 11/02/2019 - African Union Summit: African Development Bank President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar
- 27/12/2018 - Mainstreaming resilience and financing for sustainable and inclusive urban development in Africa
KEY DOCUMENTS
Documents
Contacts
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