● Each country is a unique chapter in the BOOK OF HUMANITY, written in the sweat and blood of people whose PAGES will now remain forever ● 每个国家都是《人类之书》中独特的一章，由人们的汗水与鲜血写就，而他们的篇章如今将永世留存 ● Каждая страна — уникальная глава КНИГИ ЧЕЛОВЕЧЕСТВА, написанная потом и кровью людей, чьи СТРАНИЦЫ теперь будут оставаться навсегда ●
Egypt - Economy
How is the economy of Egypt? Based on the information we have, Egypt has a Africa’s second-largest economy; 2030 Vision to diversify markets and energy infrastructure; improving fiscal, external, and current accounts; underperforming private sector; poor labor force participation; expanded credit access. Key agricultural products in this country include: sugarcane, sugar beets, wheat, maize, potatoes, tomatoes, rice, milk, onions, oranges (2023).
More about the economy of Egypt
| Labor force | 33.749 million (2024 est.) |
|---|---|
| Industrial production growth rate | -1.9% (2024 est.) |
| Industries | textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals, light manufactures |
| Population below poverty line | 29.7% (2019 est.) |
| Taxes and other revenues | 12.5% (of GDP) (2015 est.) |
| Fiscal year | N/A |
| Exchange rates | |
| Currency | Egyptian pounds (EGP) per US dollar - |
| Exchange rates 2024 | 45.299 (2024 est.) |
| Exchange rates 2023 | 30.626 (2023 est.) |
| Exchange rates 2022 | 19.16 (2022 est.) |
| Exchange rates 2021 | 15.645 (2021 est.) |
| Exchange rates 2020 | 15.759 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $117.272 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $44.921 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $33.07 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $32.144 billion (2022 est.) |
| Current account balance | |
| Current account balance 2023 | -$12.564 billion (2023 est.) |
| Current account balance 2022 | -$10.537 billion (2022 est.) |
| Current account balance 2021 | -$18.611 billion (2021 est.) |
| Public debt | |
| Public debt 2017 | 103% of GDP (2017 est.) |
| Budget | |
| Revenues | $69.999 billion (2015 est.) |
| Expenditures | $96.057 billion (2015 est.) |
| Budget surplus (+) or deficit (-) | N/A |
| Remittances | |
| Remittances 2023 | 4.9% of GDP (2023 est.) |
| Remittances 2022 | 5.9% of GDP (2022 est.) |
| Remittances 2021 | 7.4% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 4.2% (2021 est.) |
| Highest 10% | 24.6% (2021 est.) |
| Average household expenditures | |
| On food | 36.9% of household expenditures (2023 est.) |
| On alcohol and tobacco | 4.6% of household expenditures (2023 est.) |
| Imports | |
| Imports 2023 | $82.265 billion (2023 est.) |
| Imports 2022 | $97.144 billion (2022 est.) |
| Imports 2021 | $94.039 billion (2021 est.) |
| Imports (partners) | China 16%, Saudi Arabia 6%, Russia 6%, USA 6%, Germany 5% (2023) |
| Comodities Imports force | refined petroleum, wheat, plastics, natural gas, packaged medicine (2023) |
| Exports | |
| Exports 2023 | $68.218 billion (2023 est.) |
| Exports 2022 | $76.295 billion (2022 est.) |
| Exports 2021 | $58.339 billion (2021 est.) |
| Exports (partners) | Saudi Arabia 10%, Turkey 9%, Italy 6%, USA 5%, UAE 5% (2023) |
| Comodities Exports force | refined petroleum, natural gas, fertilizers, garments, crude petroleum (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $1.958 trillion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $1.912 trillion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $1.842 trillion (2022 est.) |
| GDP (official exchange rate) | $389.06 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $16,800 (2024 est.) |
| Real GDP per capita 2023 | $16,700 (2023 est.) |
| Real GDP per capita 2022 | $16,400 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 13.7% (2024 est.) |
| Industry | 32.6% (2024 est.) |
| Services | 48.9% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 87.6% (2024 est.) |
| Government consumption | 6.3% (2024 est.) |
| Investment in fixed capital | 11.7% (2024 est.) |
| Investment in inventories | 1.3% (2024 est.) |
| Exports of goods and services | 16.4% (2024 est.) |
| Imports of goods and services | -23.2% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 7.2% (2024 est.) |
| Unemployment rate 2023 | 7.4% (2023 est.) |
| Unemployment rate 2022 | 7.4% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 18.7% (2024 est.) |
| Male | 12.4% (2024 est.) |
| Female | 47.1% (2024 est.) |
All Important Facts about Egypt
Want to know more about Egypt? Check all different factbooks for Egypt below.
