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Egypt Economic Outlook

  • The economic outlook for 2017 remains cautiously optimistic largely based on the government’s ability to maintain the policy and structural reform agenda as well as successfully implement the sustainable development strategy.
  • Assuming economic policy and structural reform implementation, growth is expected to accelerate as confidence returns and investment increases, although some domestic issues and global economic headwinds will remain challenges.
  • Overall, Egypt can reverse the major and long-standing trend of low and non-inclusive growth along with weak employment prospects on the basis of the potential of the industrial and entrepreneurial sectors.

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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