Egypt’s unemployment rate came in at 7.4 percent in the first quarter of 2021, down from 7.7 percent in the same period of 2020 but above 7.2 percent in the previous quarter, due to the second wave of the Covid-19 pandemic. The labour force fell by 681 thousands to 29,284 million. The labor force in urban areas reached 13,034 million, with 16,250 million living in rural areas. source: CAPMAS, Egypt
Unemployment Rate in Egypt averaged 10.54 percent from 1993 until 2021, reaching an all time high of 13.40 percent in the third quarter of 2013 and a record low of 7.20 percent in the fourth quarter of 2020. This page provides - Egypt Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Unemployment Rate in Egypt is expected to be 9.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Egypt to stand at 8.00 in 12 months time. In the long-term, the Egypt Unemployment Rate is projected to trend around 7.90 percent in 2022 and 7.60 percent in 2023, according to our econometric models.