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 (2018): China, United States, and Saudi Arabia |
| Top Industries Source: CIA World Factbook | Textiles; Food Processing; Tourism; Chemicals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,221,664,113,458 (2018) |
| GDP Growth Rate (annual %) | 5.314% (2018) |
| GDP Per Capita, PPP (current international) | $12,412 (2018) |
GDP Country Rank 21/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 29.502% (2017) |
| External debt stocks, total (DOD, current US$) | $98,704,878,246 (2018) |
| Total tax rate (% of commercial profits) | 44.4% (2019) |
| Real Interest Rate (5 year average %) | -2.561% (2018) |
| Manufacturing, value added (% of GDP) | 16.28% (2018) |
| Current Account Balance (BoP, current US$) | ($6,293,166,088) (2018) |
Labor and Employment [1]
| Labor Force, Total | 31,964,260 (2019) |
| Employment in Agriculture (% of total employment) | 24.688% (2019) |
| Employment in Industry (% of total employment) | 26.588% (2019) |
| Employment in Services (% of total employment) | 48.724% (2019) |
| Unemployment Rate | 11.293% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $73,678,496,916 (2018) |
| Exports of goods and services (current US$) | $47,449,155,561 (2018) |
| Total Merchandise Trade (% of GDP) | 39.707% (2018) |
| FDI, net inflows (BoP, current US$) | $6,797,600,000 (2018) |
| Commercial Service Exports (current US$) | $22,913,000,000 (2018) |
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.