Egypt: Economy
Due to the current political unrest in Egypt, the information on these pages may not reflect current conditions in the country.
|
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 |
|
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. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): 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) | $1,233,147,750,540 (2019) |
| GDP Growth Rate (annual %) | 5.558% (2019) |
| GDP Per Capita, PPP (current international) | $12,284 (2019) |
GDP Country Rank 21/196 (2019)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 14.401% (2018) |
| External debt stocks, total (DOD, current US$) | $115,079,598,760 (2019) |
| Total tax rate (% of commercial profits) | 44.4% (2019) |
| Real Interest Rate (5 year average %) | 2.191% (2019) |
| Manufacturing, value added (% of GDP) | 15.912% (2019) |
| Current Account Balance (BoP, current US$) | ($10,221,895,259) (2019) |
Labor and Employment [1]
| Labor Force, Total | 31,441,059 (2020) |
| Employment in Agriculture (% of total employment) | 23.286% (2020) |
| Employment in Industry (% of total employment) | 28.164% (2020) |
| Employment in Services (% of total employment) | 48.551% (2020) |
| Unemployment Rate | 10.128% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $78,092,255,125 (2019) |
| Exports of goods and services (current US$) | $53,041,002,278 (2019) |
| Total Merchandise Trade (% of GDP) | 0% (2019) |
| FDI, net inflows (BoP, current US$) | $9,010,100,000 (2019) |
| Commercial Service Exports (current US$) | $24,253,200,000 (2019) |
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.