GDP

Egypt's expenditure on social care, protection rises to 9.5% of GDP in 2022

Wed, 07 Jun 2023 - 01:36 GMT

Minister of Social Solidarity Nevine al-Qabaj highlighted Tuesday that Egypt's expenditure on social care, protection and development rose to 9.5 percent of the GDP in 2022.

AfDB highlights Egypt’s easing inflation, lowers avg. inflation rate forecast for next FY

Mon, 29 May 2023 - 12:26 GMT

This is lower than the previously forecasted 20 percent, with AfDB pointing to “high food and nonfood prices and the devaluation of the Egyptian pound"

Egyptian political parties propose reforms to boost investment attractiveness

Tue, 23 May 2023 - 03:18 GMT

The moderator of one of the sessions said that the share of the manufacturing sector in the GDP dropped to 16 percent, which is quite low.

EBRD expects Egypt’s real GDP growth for FY2022/2023 to reach 4%

Tue, 16 May 2023 - 04:31 GMT

The report noted that increased gas exports, Egypt's role as an energy hub in the eastern Mediterranean, and the implementation of business-environment reforms supported by the International Monetary Fund (IMF) were main factors to the positive outlook

Egypt’s real GDP to reach 4.1% in 2023: Ministry of Finance

Sun, 14 May 2023 - 04:40 GMT

The total debt-to-GDP declined to 87.2 percent by June 2022 from 90.6 percent the previous year.

Egypt’s GDP grow to record 4% in FY2023/2024: BNP Paribas

Wed, 19 Apr 2023 - 12:36 GMT

BNP Paribas contributed the short-term deaccelerated growth to weakened household purchasing power and a slowdown in some major infrastructure programs

World Bank expects Egypt's GDP to grow 4% in 2023, 2024

Thu, 06 Apr 2023 - 03:51 GMT

The World Bank elaborated that Egypt's forecast reflects the expectation that its competitiveness might be increased due to the recent depreciation of the Egyptian pound.

IMF expects Egypt's economy to grow by 5.9% in 2025/2026

Wed, 11 Jan 2023 - 02:01 GMT

The International Monetary Fund expected Egypt's economy will grow by 5.9% in 2025/2026

Egyptian economy to record 5% economic growth by end of 2022

Tue, 06 Dec 2022 - 03:50 GMT

The minister underscored that the average growth rate in 2021 recorded 7.1 percent.

SCA investments estimated at EGP 13.1 billion in FY2022/202323 - Planning

Sat, 05 Nov 2022 - 11:02 GMT

Investments of Suez Canal Authority are estimated at nearly 13.1 billion Egyptian pounds in the plan of action of year 2022/2023, said Egyptian Minister of Planning and Economic Development Hala Saeed.

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 expects GDP to grow by 5.5% in 2022/23

Thu, 13 Oct 2022 - 02:47 GMT

The Egyptian economy grew by 6.6 percent in the 2022/2021 fiscal year, compared to 3.3 percent in the previous year, as the economy grew faster than the government had expected, initially projecting 6 percent-6.2 percent.

IMF raises forecast for growth of Egyptian economy to 6.6% in 2021/2022, lowers projection of next fiscal yr to 4.4%

Tue, 11 Oct 2022 - 04:46 GMT

The International Monetary Fund (IMF) raised its forecast for the growth of the Egyptian economy to 6.6 percent in the current fiscal year, according to its World Economic Outlook released Tuesday.

Egypt's energy sector represents 13% of GDP

Mon, 26 Sep 2022 - 03:30 GMT

The IDSC explained that this means that economic growth is linked to energy security and stability.

Egypt's PM says 'State Ownership Document' consists of 8 areas, composed of 20 pages

Mon, 13 Jun 2022 - 07:56 GMT

Prime Minister Mostafa Madbouli stated Monday that the "State Ownership Document," which will be launched soon, consists of eight areas, and is composed of just 20 pages.

Gov't investments in communications, information technology sector hit LE 22.8B

Tue, 07 Jun 2022 - 06:06 GMT

Talaat added in a statement, Tuesday, that the communications and information technology sector has been the highest growing in Egypt for three consecutive years, with a growth rate of 16 percent.

World Bank raises its forecast for Egypt's economic growth to 6.1% in 2022

Tue, 07 Jun 2022 - 05:49 GMT

The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.

Food industrial sector contributes to 24.5% of GDP - official

Sun, 05 Jun 2022 - 02:09 GMT

The Egyptian food products have a good reputation at the local and international levels, adding that sector exports increased by 20 percent in 2021.

Manufacturing, agriculture, ICT sectors contribute to GDP by 26%: Min.

Tue, 31 May 2022 - 05:57 GMT

The main axis of the economic reform program is to increase the relative weight of the sectors of manufacturing, agriculture, communications and information technology, according to Minister of Planning Hala El-Said.

Egypt's industrial sector contributes to GDP by 11.7%: Min.

Tue, 31 May 2022 - 05:46 GMT

Gamea pointed out Tuesday that this great interest had the greatest impact in achieving qualitative leaps and developments in the Egyptian industrial sector at the level of legislation, new investments and expansions in cities and industrial areas, as well as the rise in export indicators for all industrial sectors during the past years.

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