It is over a year now since Egyptians embarked on a new political, social, and economic path after toppling former President Hosni Mubarak during the 25 January 2011 revolution. Such a momentous development, that is expected to transform Egypt to become a transparent, accountable, and socially and...
Economic Growth
Egypt’s economy continues to recover from the adverse shocks of the January 2011 revolution, but the speed and trajectory of the recovery is weak and uneven. Historically, from 2006 until 2010 Egypt’s average annual GDP was about 6% (Chart 1). Real GDP growth (at 2006/2007,...
Economic Growth
Egypt’s real growth domestic product (GDP) at 2006/2007 (July-June) constant market prices picked up to 5.2% during the quarter ending 31 March 2012, bringing real GDP for the fiscal year 2011/12 to 2.2% (Chart 1). This outcome, close to the 2.3% growth achieved during the...
This document was prepared by the Statistics Department in the Chief Economist Vice Presidency of the African Development Bank. Its findings reflect the opinions of the authors and not necessarily those of the African Development Bank, its Board of Directors or the countries they represent....
This brief outlines some of the principal ongoing infrastructure challenges facing the East African subregion,1 with a particular focus on water, sanitation, energy, surface transport and ICT. The progress made to date is evaluated in the light of recent studies and new data. The discussion is set...
Despite the impressive economic performance recorded over recent years, Africa still lags in the area of trade competitiveness. Transport costs in Africa are among the highest in the world and harm the continent’s productivity and competitiveness on local and international trade markets. For...
Economic activity in Southern Africa picked up in the fourth quarter to propel the region’s average real gross domestic product (GDP) growth rate to an estimated 4.0 percent for 2012. Production recovery in crude oil underpinned higher growth in Angola. Lesotho experienced positive growth driven by...
Economic activity in Southern Africa remained sluggish during the third quarter. Coming on the back of the dismal performance during the second quarter, this sluggishness raises concern about the attainment of the overall 4.0 percent growth rate projected for 2012. With the exception of Botswana...
The East Africa Quarterly Bulletin is produced by country economists attached to the African Development Bank Group’s (ADB) East Africa Department. The publication covers all five member states of the East African Community (EAC) as well as the islands of The Seychelles. It is part of the ADB’s...