The Egyptian economy expanded 8.30 percent year-on-year in the fourth quarter of 2021, according to estimates from the Prime Minister Mostafa Madbouly. The GDP advanced 9 percent in the July-December period and growth is expected to exceed 6 percent for the whole fiscal year that ends June 30th. source: Central Bank of Egypt

GDP Annual Growth Rate in Egypt averaged 4.12 percent from 1992 until 2021, reaching an all time high of 13.77 percent in the third quarter of 2011 and a record low of -3.80 percent in the first quarter of 2011. This page provides the latest reported value for - Egypt GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt GDP Annual Growth Rate - values, historical data and charts - was last updated on May of 2022.

GDP Annual Growth Rate in Egypt is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt GDP Annual Growth Rate is projected to trend around 5.00 percent in 2023 and 5.40 percent in 2024, according to our econometric models.

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Egypt GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Growth Rate 9.80 7.70 percent Sep 2021
GDP Annual Growth Rate 8.30 7.20 percent Dec 2021
Gross Fixed Capital Formation 162.20 133.10 EGP Billion Jun 2021

Egypt GDP Annual Growth Rate
Egypt is the third largest economy in the Arab world. Services are the most important sector of the economy and account for around 47.5 percent of total GDP. The most important segments within Services are Wholesale and Retail Trade (10 percent of the output), Government (9 percent), Transportation and Communication (8 percent), Finance, Insurance and Real Estate (8 percent) and Tourism (4 percent). Industry constitutes 30 percent of the output and the largest segments within this sector are: Manufacturing (15.5 percent) and Extraction (13.5 percent). Agriculture accounts for 14.5 percent of output and Electricity, Water, Sanitation and Construction for around 7 percent.
Actual Previous Highest Lowest Dates Unit Frequency
8.30 7.20 13.77 -3.80 1992 - 2021 percent Quarterly