Markets Actual Q2 Q3 Q4 Q1 2021
Currency 15.84 15.82 15.86 15.89 15.92 15.99
Stock Market (points) 10109.91 9827 9552 9284 9024 8504

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.60 1.7 2.3 3 2.7 3.5
Unemployment Rate (%) 7.70 9.4 9.7 9.5 9 8.5
Inflation Rate (%) 5.90 7.3 8.6 9.8 8.5 7.6
Inflation Rate Mom (%) 1.30 0.6 0.4 0.3 0.8 1
Interest Rate (%) 9.25 8 6.75 6.75 6.75 7
Balance of Trade (USD Million) -2693.00 -3300 -3000 -3220 -4000 -3600
Current Account (USD Million) -3192.00 -700 -1750 -2400 -2600 -2150
Current Account to GDP (%) -3.60 -5 -5 -5 -3.8 -3.8
Government Debt to GDP (%) 90.00 85 85 85 83 83
Government Budget (% of GDP) -8.00 -8.7 -8.7 -8.7 -6.3 -6.3
Manufacturing PMI (points) 29.70 42 46 46.5 47.7 49
Corporate Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Personal Income Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.60 1.7 2.3 3 2.7 3.5
GDP (USD Billion) 280.00 306 315 315 330 330
GDP Constant Prices (EGP Million) 977748.60 1012979 957789 1007081 1004148 1042329
GDP per capita (USD) 2907.30 3100 3100 3100 3145 3145
GDP per capita PPP (USD) 11013.74 11273 11273 12100 11273 11572
GDP From Agriculture (EGP Million) 95317.00 106097 137278 98177 97891 101613
GDP From Construction (EGP Million) 65752.90 71861 48474 67725 67528 70096
GDP From Manufacturing (EGP Million) 173544.50 146582 157626 178751 178230 185007
GDP From Mining (EGP Million) 93904.50 109960 66239 96722 96440 100107
GDP From Transport (EGP Million) 41042.80 51088 46368 46685 46549 48319

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 7.70 9.4 9.7 9.5 9 8.5
Unemployed Persons (Thousand ) 2236.00 2400 2300 2450 2350 2280
Minimum Wages (EGP/Month) 2000.00 2000 2000 2000 2000 2000
Population (Million) 99.80 102 102 102 104 103
Living Wage Family (EGP/Month) 2710.00 3000 3000 4100 4100 4100
Living Wage Individual (EGP/Month) 1150.00 1500 1500 2000 2000 2000
Employed Persons (Thousand) 26621.00 25000 25600 24800 25500 27000
Wages High Skilled (EGP/Month) 3640.00 5000 5000 5200 5200 5200

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 5.90 7.3 8.6 9.8 8.5 7.6
Inflation Rate Mom (%) 1.30 0.6 0.4 0.3 0.8 1
Consumer Price Index CPI (points) 107.60 109 113 115 115 124
Core Consumer Prices (points) 104.10 278 106 108 108 114
Core Inflation Rate (%) 2.54 4.3 5 6 5.1 5.8
Food Inflation (%) 1.30 1.2 2 1.7 2 2.3
CPI Housing Utilities (points) 105.50 108 113 115 114 124
CPI Transportation (points) 114.20 108 126 127 126 137
Producer Prices (points) 178.80 188 194 211 186 221
Producer Prices Change (%) -10.80 -7.3 -6 3 4 4.4

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 9.25 8 6.75 6.75 6.75 7
Money Supply M2 (EGP Million) 4276742.00 4350000 4550000 4250000 4250000 4250000
Banks Balance Sheet (EGP Million) 5516806.00 6550000 6550000 6550000 6550000 7200000
Foreign Exchange Reserves (USD Million) 37037.00 20000 30000 42000 42500 45000
Loans to Private Sector (EGP Million) 925934.00 884978 896197 918373 921512 950516
Deposit Interest Rate (%) 8.80 8.8 8.8 8.8 8.8 9.05
Lending Rate (%) 10.25 9 7.75 15.75 7.75 14
Central Bank Balance Sheet (EGP Million) 5985426.00 5700000 5736000 5772372 5772372 5772372

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -2693.00 -3300 -3000 -3220 -4000 -3600
Current Account (USD Million) -3192.00 -700 -1750 -2400 -2600 -2150
Current Account to GDP (%) -3.60 -5 -5 -5 -3.8 -3.8
Imports (USD Million) 4931.00 5300 5250 5700 6500 6200
Exports (USD Million) 2238.00 2000 2250 2480 2500 2600
External Debt (USD Million) 112670.60 115851 120000 116000 116000 120000
Foreign Direct Investment (USD Million) 4899.00 3380 2900 3600 3600 3800
Capital Flows (USD Million) 4576.20 -400 -400 200 200 1500
Remittances (USD Million) 6963.90 7800 6400 7000 7000 7600
Tourism Revenues (USD Billion) 12.57 7 7 7 10 10

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 90.00 85 85 85 83 83
Government Budget (% of GDP) -8.00 -8.7 -8.7 -8.7 -6.3 -6.3
Government Budget Value (Million EGP) -425035.00 -450000 -450000 -450000 -465000 -465000
Government Spending (EGP Billion) 114.00 109 108 109 109 113
Government Revenues (Million EGP) 1080152.00 1120000 1120000 1120000 1130000 1130000
Fiscal Expenditure (Million EGP) 1505187.00 1700000 1700000 1700000 1780000 1780000
Military Expenditure (USD Million) 2564.00 8000 8000 8000 8000 8000

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Personal Income Tax Rate (%) 22.50 22.5 22.5 22.5 22.5 22.5
Sales Tax Rate (%) 14.00 14 14 14 14 14
Social Security Rate (%) 40.00 40 40 40 40 40
Social Security Rate For Companies (%) 26.00 26 26 26 26 26
Social Security Rate For Employees (%) 14.00 14 14 14 14 14

Business Actual Q2 Q3 Q4 Q1 2021
Manufacturing PMI (points) 29.70 42 46 46.5 47.7 49
Industrial Production (%) 3.90 4 3.7 5 4.4 6.2
Industrial Production Mom (%) -4.00 2.2 1.8 3 3 2.8
Manufacturing Production (%) -1.50 2.4 3.2 3.8 3.2 4.5

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (EGP Billion) 1257.00 1015 1277 1285 1282 1330
Gasoline Prices (USD/Liter) 0.47 0.48 0.48 0.48 0.43 0.48
Bank Lending Rate (%) 12.70 12.7 12.7 12.7 12.7 12.95
Consumer Confidence (points) 99.00 77 75 76 82 84
Consumer Credit (EGP Million) 426536.00 353355 381971 407585 422253 421851

Housing Actual Q2 Q3 Q4 Q1 2021
Construction Output (%) 1.30 -5 28 42 42 35


This page has economic forecasts for Egypt including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Egypt economy.