Standard Chartered names Egypt among world’s top 10 economies by 2030

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Sat, 09 Feb 2019 - 11:01 GMT

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Sat, 09 Feb 2019 - 11:01 GMT

A man walks past the head office of Standard Chartered bank in the City of London February 27, 2015. REUTERS/Eddie Keogh/Files

A man walks past the head office of Standard Chartered bank in the City of London February 27, 2015. REUTERS/Eddie Keogh/Files

CAIRO, Feb 9 (MENA) - Britain's Standard Chartered Bank named Egypt among the world’s top 10 economies by 2030, the Cabinet information center announced on Saturday.

The bank forecast that Egypt will be ranked 7th among the world's top 10 economies by 2030 with gross domestic product hitting about $8.2 trillion, compared with 2017, when the country was ranked the 11th with GDP of about $1.2 trillion, the center said on its Facebook page.

The figure was estimated using purchasing power parity exchange rates.

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