Economy of Egypt
Population: 98.42 M (2018)
GDP per Capita: 2,549 USD (2018)
250,890 M.

GDP USD

(2018)

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47,450 M.

EXPORTS USD

(2018)

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73,680 M.

IMPORTS USD

(2018)

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92.65 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.31 % (2018)
GDP of 2010 USD USD 286.10 B. (2018)
GDP Current USD USD 250.89 B. (2018)
GDP per Capita Current USD USD 2,549 (2018)
GDP per capita, PPP USD 11,014 (2018)
GDP per Capita, 2010 USD USD 2,907 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 8.35 % (2018)
Government Spending USD 20.95 B. (2018)
Government Debt % GDP 92.65 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 151.40 (2018)
Trade Openness 48.28 % (2018)
Exports of Goods and Services % GDP 18.91 % (2018)
Exports Goods & Services USD 47.45 B. (2018)
Exports Annual Growth 32.16 % (2018)
Imports as % GDP 29.37 % (2018)
Total Imports USD 73.68 B. (2018)
Foreign Direct Investment % GDP 2.71 % (2018)
Foreign Direct Investment USD 6.80 B. (2018)
Current Account Balance % GDP USD -2.51 % (2018)
Current Account Balance USD -6.29 B. (2018)
Trade Balance % GDP -10.45 % (2018)
Trade Balance USD -24.71 B. (2018)
Foreign Exchange Reserves incl Gold USD 41.84 B. (2018)
Remittances % GDP 10.17 % (2018)
Remittances USD 25,516 M. (2018)
Balance of Payments USD 1,638 M. (2014)

Labor Market

Indicator Value
Labor Force 31.96 M. (2019)
Unemployment Rate 11.29 % (2019)
Unemployment Rate Females 22.15 % (2019)
Unemployment Rate Males 7.24 % (2019)
Youth Unemployment (ages 15-24) 32.43 % (2019)
Labor Force Participation Rate 48.12 % (2019)
Labor Force (Percent Female) 23.61 % (2019)
Female Labor Force Participation Rate 22.93 % (2019)
Male Labor Force Participation Rate 73.21 % (2019)
Dependent People 64.01 % (2018)

Agriculture Sector

Indicator Value
Forest Area 0.10 % (2016)
Forest Area km² 736 km² (2016)
Agricultural Land 3.75 % (2016)
Agricultural Land km² 37,338 km² (2016)
Employment 24.69 % (2019)
Value added % GDP 11.23 % (2018)
Agriculture Value added USD 28.16 B. (2018)
Crop Production Index 124.60 (2016)
Precipitation 51 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 7,311 kg/hectare (2017)
Food production index 125 (2016)
Rural Population 57 % (2018)
Fertilizer use of Arable Land 649 kg/hectare (2016)
Livestock Production Index 123 (2016)
Economy of Egypt

According to the World Bank and its latest published data, the economy of the Egypt presents a growth rate of 5.31 % (2018) to the previous year.

With a population that reaches 98.42 M (2018) and a gross domestic product of USD 250.89 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,549 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Egypt also has a workforce of 31.96 M. (2019) with an unemployment rate of 11.29 % (2019), where women represent 22.15 % (2019) and men 7.24 % (2019), the unemployment rate for young people between 15-24 years old stood at 32.43 % (2019). The total number of dependent people stands at 64.01 % (2018).

The central government spent 8.35 % (2018) of its gross domestic product that year, which in absolute terms is USD 20.95 B. (2018). Its consolidated public debt reached 92.65 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Egypt exported USD 47.45 B. (2018), which represents 18.91 % (2018) of its gross domestic product, in that same sense its imports reached USD 73.68 B. (2018) with a direct foreign investment of USD 6.80 B. (2018).

Egypt has a forest area of 736 km² (2016), which represents 0.10 % (2016) of its total area, an average rainfall of 51 mm (2014) per year and a population of 57 % (2018) living in rural areas. With a total area of 37,338 km² (2016) available for agriculture and 24.69 % (2019) of its employments, the agricultural sector contributes to the economy of the Egypt about USD 28.16 B. (2018) (11.23 % (2018) of its GDP).