Gross Domestic Product

GDP per capita increases to LE 62.5K during Q4 of 20/21

Sun, 16 Oct 2022 - 12:02 GMT

Gross domestic product at market price and current prices increased during the fourth quarter of the fiscal year 2020/2021, reaching LE 1.507 trillion, compared to LE 1.326 trillion during the same quarter of the previous fiscal year 2019/2020.

Egypt lowers its economic growth forecast to 5.5% for 22/23 fiscal year

Tue, 22 Mar 2022 - 02:06 GMT

El-Said added that public investments constitute 78 percent of the total investments in the 2022-2023 plan.

Egypt's GDP led to a 11.5% increase by end of 2021/2022

Mon, 21 Feb 2022 - 01:07 GMT

The majority of the increase came from the following sectors: construction (37 percent), followed by manufacturing (18 percent), education and health (9.4 percent), other services (8.8 percent).

IMF expects Egypt's GDP to dip to 2% in 20/21, rebound to 6.5% in 21/22

Tue, 11 Aug 2020 - 11:33 GMT

IMF clarified that this percentage came as the global recovery is now expected to be more gradual and domestic activity is projected to remain weak for longer.

Internal trade contributes 18% to GDP - minister

Thu, 16 Jul 2020 - 02:21 GMT

The minister said internal trade is one of the biggest sectors in Egypt that provides many jobs but it still suffers from an inadequate infrastructure.

Agriculture sector contributes by 14% to Egypt's GDP

Thu, 09 Jul 2020 - 11:06 GMT

The returns of agricultural products exports increased by 20 percent in 2019 compared to 2009, and vegetable exports increased by 40 percent during this period.

Egypt’s GDP jumps to LE 5.3T in 2018/19: Min.

Tue, 25 Feb 2020 - 11:40 GMT

Investment spending contributed by 40 percent to the GDP growth, adding that net change in exports represents 30 percent of GDP and 20 percent came from consumer expenditures.

Digital finance services can increase Egypt’s GDP

Sat, 27 Jan 2018 - 04:09 GMT

The move by CBE and EBI towards more digitalized services is expected to boost the economy, and boost the financial status of women

U.S. Q2 economic growth revised higher; jobless claims rise

Thu, 28 Sep 2017 - 01:51 GMT

The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years.

Egypt placed among world’s 21 most powerful economies in 2030

Sun, 03 Sep 2017 - 05:13 GMT

Egypt is ranked among the world’s 21 most powerful economies in 2030, according to a report by PricewaterhouseCoopers.

US STOCKS-Wall St rises with focus on strong economy

Wed, 30 Aug 2017 - 08:06 GMT

U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the US and N. Korea.

Egypt's GDP to register 4% in FY 2016/17: Minister

Sun, 23 Jul 2017 - 09:28 GMT

Minister of Planning Hala Al-Saeed said that Egypt's Gross Domestic Product (GDP) is projected to reach 4 percent for the fiscal year 2016/17.