Egypt’s current account posted a surplus of USD 1.4 billion in the fourth quarter of 2022, turning positive for the first time since Q1 2014, from a USD 3.8 million deficit in the corresponding period of the previous year. Imports fell to USD 18 billion from USD 19.1 billion in Q3 and USD 22.5 billion a year earlier. Meanwhile, exports rose to USD 11.5 billion from USD 10 billion in Q3, while it was stood at USD 11.8 billion in Q4 2021. Tourism and Suez Canal revenue also surged during the quarter from the previous year. source: Central Bank of Egypt
Current Account in Egypt averaged -1165.14 USD Million from 1993 until 2022, reaching an all time high of 1538.90 USD Million in the third quarter of 2003 and a record low of -5791.70 USD Million in the first quarter of 2022. This page provides the latest reported value for - Egypt Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2023.
Current Account in Egypt is expected to be -1800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Current Account is projected to trend around -4000.00 USD Million in 2024 and -2600.00 USD Million in 2025, according to our econometric models.