Egypt recorded a Current Account deficit of 4.60 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Egypt

Current Account to GDP in Egypt averaged -1.38 percent of GDP from 1980 until 2021, reaching an all time high of 8.70 percent of GDP in 1992 and a record low of -8.50 percent of GDP in 1984. This page provides - Egypt Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Current Account to GDP - values, historical data and charts - was last updated on March of 2023.

Current Account to GDP in Egypt is expected to reach -4.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Current Account to GDP is projected to trend around -3.60 percent of GDP in 2024 and -2.80 percent of GDP in 2025, according to our econometric models.

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Egypt Current Account to GDP

Related Last Previous Unit Reference
Current Account -3192.30 -2957.80 USD Million Sep 2022
Current Account to GDP -4.60 -3.10 percent of GDP Dec 2021
External Debt 155708.90 157801.00 USD Million Jun 2022
Foreign Direct Investment 6727.80 4770.50 USD Million Sep 2022
Capital Flows 4417.00 988.30 USD Million Sep 2022
Remittances 6400.00 8294.70 USD Million Sep 2022
Tourism Revenues 13.00 3.80 USD Billion Dec 2021
Tourist Arrivals 885.00 861.00 Thousand Feb 2019

Egypt Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -3.10 8.70 -8.50 1980 - 2021 percent of GDP Yearly