Egypt: Economy
Due to the current political unrest in Egypt, the information on these pages may not reflect current conditions in the country.
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Egypt's economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, Saudi Arabia, and United States |
| Top Industries Source: CIA World Factbook | Textiles; Food Processing; Tourism; Chemicals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,674,950,631,613 (2022) |
| GDP Growth Rate (annual %) | 6.588% (2022) |
| GDP Per Capita, PPP (current international) | $15,091 (2022) |
GDP Country Rank 18/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 13.896% (2022) |
| External debt stocks, total (DOD, current US$) | $143,245,782,751 (2021) |
| Total tax rate (% of commercial profits) | 44.4% (2019) |
| Real Interest Rate (5 year average %) | 0.143% (2022) |
| Manufacturing, value added (% of GDP) | 15.971% (2022) |
| Current Account Balance (BoP, current US$) | ($18,610,768,182) (2021) |
Labor and Employment [1]
| Labor Force, Total | 31,166,284 (2022) |
| Employment in Agriculture (% of total employment) | 19.829% (2021) |
| Employment in Industry (% of total employment) | 29.084% (2021) |
| Employment in Services (% of total employment) | 51.087% (2021) |
| Unemployment Rate | 6.959% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $104,389,057,751 (2022) |
| Exports of goods and services (current US$) | $71,927,051,672 (2022) |
| Total Merchandise Trade (% of GDP) | 28.324% (2022) |
| FDI, net inflows (BoP, current US$) | $11,399,900,000 (2022) |
| Commercial Service Exports (current US$) | $31,573,639,000 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Egypt’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.