Its principal exports include crude petroleum ($6.84 billion), refined petroleum ($1.34 billion), insulated wire ($996 million), video displays ($757 million), and gold ($667 million). Minister of Education and Technical Education Tarek Shawky has announced that Egypt came 39 th out of 78 countries in the US News ranking of the . In recent years, there have been several reforms in the Environment for Business Creation which have led to . Egypt's current account deficit narrowed to 3.1% of GDP (just over USD11 billion) in FY20 from 3.6% in FY19 as an increase in remittance flows from Egyptians working abroad and a mild increase in non-oil exports offset a decline in tourism receipts. Some wondered about the motives behind the March 14 visit, with one analyst saying Egypt is now trying to catch up with rival Ethiopia in the Horn of Africa. Rankings for Egypt (2019-2021) GII Innovation inputs Innovation outputs 2021 9410286 2020 9610482 2019 9210674 . Egypt was one of the few emerging market countries that experienced a positive growth rate in 2020. Despite all this adversity, Egypt's economy outperformed most emerging market peers and grew by +3.6% in 2020. All suggestions for corrections of any errors about Egypt Economy 2020 should be addressed to the CIA or the source cited on each page. 20 December, 2021. . In Egypt, growth is forecast to decline from 3.6% in FY2019/20 to 2.3% in FY2020/21 in light of the ongoing effect of the pandemic, and the renewed surge in the COVID-19 cases, as well as the slow vaccine roll-out domestically and abroad. When talking about rich Arab countries, Libya is an obvious contender and has been for years. Similarly, remittances have played an outsized role in Egypt's economy; between 1977 and 2018, remittances averaged 7.4 percent of GDP. Real GDP (constant, inflation adjusted) of Egypt reached $271,709,667,876 in 2017. The description is composed by our digital data assistant. 10. As of 2021, the United States and China would occupy the first two places in both methods' gdp ranking. Today's emerging markets are tomorrow's powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. We expect the current account deficit to narrow in FY22-FY23 as global demand and tourist flows pick up. Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 178.7% from 2020 to 2021. gypt's economic freedom score is 55.7, making its economy the 130th freest in the 2021 Index. reversed during the first two months of 2021, on bets that vaccines rollouts and an unprecedented US relief package would sustain a global economic recovery and fuel inflationary pressures. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Egypt followed Saudi Arabia and the UAE with an expected GDP value of $394.3 billion in 2021 Egypt placed third in Forbes Middle East's list of largest economies in the Arab region with a total GDP value that is expected to jump to $394.3 billion in 2021, up from the $361.8 billion recorded in 2020. . Ahmed Khaled/ World Bank The Egypt Economic Monitor provides an update on key economic developments and policies over the past six months. As of 2020, the overall score on the Economic Freedom Index for Egypt was . Alerts Hub Business School Rankings Enterprise Tools News feed Newsletters Currency Converter. Growth (%) Depth. Egypt keeps position in 2021 FIFA's first ranking, Mali makes the best move, Mahmoud Elassal , Thursday 18 Feb 2021, Egypt are in the driving seat of Group G of the Africa Cup of Nations qualifiers with eight points; they are scheduled to play their first official game in the qualifiers against Kenya next March, Egypt GDP 1965-2022. Egypt's Economic Profile and Statistics is an annual booklet containing summary data and information about various aspects of the Egyptian economy. Historical Chart What is Egypt GDP Value? Its GDP per capita is $4,170 (nominal) and $14,220 (PPP) in the year 2021. Western European countries lead in the 2021 rankings, reflecting the resilience of economies in the face of the global COVID-19 health crisis. Egypt is ranked 11th among 14 countries in the Middle East and North Africa region, and its overall score is below the regional and world averages. It was ranked 72nd in the 2021 report, compared to the 83rd position in the previous year. During the last five reported years the exports of Egypt have changed by $4.85B from $28.7B in 2015 to $33.6B in 2020. It reveals that Egypt ranks 102nd overall in the Global Index of Economic Openness, and 13th in the Middle East and North Africa region. According to Egypt Oil & Gas, Egypt's exports were reported at USD 29.7 billion, rising by 40% in the first nine months of 2021, compared to the USD 21.2 billion recorded in the same period of 2020. CAIRO, Oct 21 (Reuters) - Egypt's economy will grow 5.1% in the fiscal year that ends in June 2022, but accelerate to 5.5% in each of the following two years as tourism continues to rebound and the. Boston Snow Indicator: A market theory that states that a white Christmas in Boston will result in rising stock prices for the following year. The top three Digital Risers in the G20 have been China followed by Saudi Arabia and Brazil; India, Japan and Germany came last. Egypt's economy reels from Ukraine war. country comparison to the world (CIA rank, may be based on non-current data): 21 [see also: GDP country ranks] GDP (official exchange rate): $236.5 billion (2017 est.) In 2013, Mohammed Morsi was ousted from the presidential seat and since this period, Egypt has remained in political instability. Richest Arab Countries in 2021 (based on GDP per Capita in 2020). REPORT: Request for a 12-Month Stand-By Arrangement for the Arab Republic of Egypt More Key Questions on Egypt, updated June 2021. (U.K.) and Republic of Korea, according to the GII 2021 rankings. 33 Egypt, Arab Rep. 404,143 34 Denmark 397,104 35 Singapore 396,987 36 Philippines 394,086 . In 2020, Egypt exported a total of $33.6B, making it the number 57 exporter in the world. Egypt Rankings. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder - and by 2030, it estimates that seven of the world's largest 10 economies by GDP . On the condition Ease of Entry: Market Dynamics, Egyptian experts increased their score to 5.6 in 2021, from 5.1 in 2020; while the condition Ease of Entry: Burdens and Regulation scored 4.8 in 2021, which was highest among GEM Level C economies. . Reporting on Egypt since the July 3 ouster of former president Mohamed Morsi has focused on political dimensions and unrest. Rank/Total; Current Constant (2010) Current Constant (2017) Nominal PPP Nominal PPP; 1960-15.41----- As of 2012, knowledge economy index in Sweden was 9.43 index. This is largely made possible by mutually beneficial cooperation between the government and private industrial companies, a strong work ethic, high technology and relatively low defense spending (just under 1% of GDP . The official estimate for Egypt's GDP was $1.264 trillion at the end of 2021 in puchasing power partity terms. Egypt: Overcoming the COVID Shock and Maintaining Growth. GDP (nominal) - $5,103,110 million. Its overall score has increased by 1.7 points, with improvements in 9 of the 12 categories of economic. Its GDP rank is 36th (nominal) and 21st (PPP) in the year 2021. PILLAR RANKINGS Egypt performs most strongly in Enterprise Conditions and Infrastructure & Market Access but is weakest in Personal Freedom. Russia's war in. Over the past five years, Egypt's economic growth. Demand will ease amid tighter monetary policy, a weaker pound and soaring inflation. #36 out of 78 in 2020. Egypt maintains the largest economy in North Africa -an African region dominated by Arabs. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Egypt is likely to become among the top 10 economies worldwide in 2023 with GDP rate climbing from the 21st position globally to the seventh one, it said. Sherif Issa, Egypt's assistant foreign minister for African affairs, led a high-ranking delegation from various ministries and companies to Djibouti this month to discuss strengthening economic and other relations between the two countries.. The Information and Communications Technology (ICT) sector in Egypt is very robust, with a growth rate higher than Egypt's overall level of GDP growth, equivalent to 16% in fiscal year 2020/2021 compared to 15.2%in year 2019/2020. Egypt Economic Growth In FY 2023 (July 2022-June 2023) GDP growth will decelerate. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion, Nigeria - $1.14 trillion, South Africa - $861.93 billion, Algeria - $532.57 billion, Morocco - $302.77 billion, Ethiopia - $298.57 billion, Kenya - $269.29 billion, Angola - $217.97 billion, Ghana - $193.63 billion, This page presents GDP forecast figures by country for the period from 2021 to 2025 as estimated by the IMF in its latest edition of World Economic Outlook (WEO) as of October 2020. The GDP value of Egypt represents 0.02 percent of the world economy. In the latest World Economic Outlook report issued at the fall meetings of the International Monetary Fund on Tuesday, the IMF expected Egyptian GDP growth in 2021 at 3.3 percent, up from the IMF's previous forecast of 2.5 percent last April. President Abdel Fattah al-Sisi's initiative, during the second session of the Seventh National Youth Conference, directs the coordinators of the Decent Life Initiative to complete the full development of villages and not wait for any financial allocations for the year 2020. China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. The volume of Gross Domestic Product in Egypt increased to 404 USD Billion in 2021. The top 5 countries also includes Finland, Denmark, Netherlands, and Norway. Overall score of Egypt on the Economic Freedom Index 2000-2020. # 33. Top Destination (2020) United Arab Emirates $13.3B. The biggest improvement compared to a decade ago came in Enterprise Conditions. June 2021 - Cairo, Egypt - A buyer at a grocery store pays with a payment card. The last Article IV Executive Board Consultation . Tripoli, Lebanon. Egypt GDP - 2022 Data - 2023 Forecast - 1960-2021 Historical - Chart - News Egypt GDP The Gross Domestic Product (GDP) in Egypt was worth 404.14 billion US dollars in 2021, according to official data from the World Bank. The maximum volume was 363 USD Billion and minimum was 4 USD Billion. In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. Other GDP-related dashboards:Historical GDP by countryHistorical GDP per capita . As for the GDP, the report indicated that it is estimated to reach LE6.4 trillion in 2020/2021, and it is . 2021 Egypt: Africa: 435,621: 2022: The report analyses and ranks the changes that countries around the globe have seen in their digital competitiveness over the last three years. Its contribution to the GDP has increased to 5% in fiscal year 2020/2021 compared to 4.4% in 2019/2020. Category RankScore. Egypt gdp per capita for 2020 was $3,569, a 18.22% increase from 2019. Egypt is 121st in the overall Prosperity Index rankings. Growth is set to speed up as of 2022 (+5.2%) and hover around +5.5% in the medium term. Libya - 2020 GDP per capita $10,846.90. It also presents findings from recent World Bank work on Egypt. World Economic League Table 2021 Of the major economies we expect China, with a fall in GDP of only 2 % in 2020 and rise in GDP of 5.0 % in 2021, and India, with a fall in GDP of 3 % in 2020 and a rise of 8 % in 2021, Egypt gdp growth rate for 2019 was 5.56%, a 0.24% increase from 2018. Egypt's population. Per capita debt in 2020 was $3,238, compared to $2,032 in 2010. Egypt also advanced three positions in the education ranking issued by US News, in which it came 39th in the 2021 report, compared to 42nd in the 2020 report. 34.0. In 2021 Egypt ranked 158th of 189 countries in the ratio of debt to GDP and 100th in debt per capita. List of continents by gdp per capita. The Gross Domestic Product (GDP) growth in Egypt for 2021 was projected at 3.3 percent. 2) The rank that you see is the CIA . "Saudi Arabia is the largest Arab economy in 2021, with a GDP at current prices totaling $804.9 billion," the Forbes magazine's official Twitter account wrote. Digital Riser Report 2021 by the European Center for Digital Competitiveness. The Economist magazine also issued a report expecting a 5.7-percent growth rate of the Egyptian economy in 2024 and a 1.5-percent decline of the deficit in the Gross Domestic Product in 2025. Egypt's economic conditions to improve looking ahead Looking forward, Egypt's economic conditions are likely to improve. Top Export Goods And Partners. The UAE came in second place, with its 2021 GDP recording $401.5 billion, followed by Egypt, with its GDP expected to reach $394.3 billion. The International Monetary Fund (IMF) has raised its estimates of the growth rate of the Egyptian economy for the next fiscal year 2021/2022, to record 5.7 percent compared to 5.5 percent in its previous report issued during last January. Egypt exported $33.2 billion worth of goods in 2014, making it the 62nd largest export economy in the world. Egypt had a population of 103.3 million in January 2021.. Egypt's population increased by 1.9 million (+1.9%) between January 2020 and January 2021.. 49.5% of Egypt's population is female, while 50.5% of its population is male [note: the United Nations does not publish data for genders other than 'female' and 'male'].. 42.8% of Egypt's population lives in . We forecast only a marginal widening of the current account deficit in FY21-22. The Times Higher Education Emerging Economies University Rankings 2021 includes only institutions in countries classified by the London Stock Exchange's FTSE Group as "advanced emerging", "secondary emerging" or "frontier". . Designed in a graphical and tabular format, this publication is intended mainly for the business community and investors seeking reliable information about the main developments in the Egyptian . Egypt's Physical infrastructure score of 6.9 was also highest among GEM Level C economies. Daily News Egypt November 17, 2021 Comments Off. [43] Egypt's government debt-to-GDP ratio is currently 91.6 percent, compared to 87.1 percent in 2013 when al-Sisi led the military's seizure of power. Find out more about . However, it is the new government's successor lack thereofin meeting the country's economic challenges that will largely determine whether Egypt returns to stability, just as surely as it was Egypt's economic woes that underpinned the country's repudiation . After having been one of the few The report indicated that Egypt is expected to achieve a growth rate of 2.8 percent in 2020/2021, compared to 3.6 percent in 2019/2020, and it is targeted to achieve a growth rate of 5.4 percent during the current fiscal year 2021/2022. The world's most-innovative economy in 2021 is Switzerland followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and Republic of Korea, according to the GII 2021 rankings. source: World Economic Forum 10Y 25Y 50Y MAX Chart Compare World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Egypt - GDP: $237.1 Billion. The more than $26 billion of remittances became the country's primary source of foreign income, constituting 10 percent of GDP in 2017, 2018, and 2019making Egypt the highest recipient of remittances in . Data are in current U.S. dollars. Overview. 3. Egypt's GDP per capita rank is 118th (nominal) and 99th (PPP) in the year 2021. Top Export (2020) Refined Petroleum $3.4B. Its GDP growth rate is 3.2% in the year 2021. Wed, Jul. July 14, 2021. Egypt's current account deficit widened to 4.6% of GDP (just over USD18 billion) in FY21 from 3.1% in FY20 (FY19: 3.6%), with strong domestic demand growth putting pressure on the goods account, even as travel receipts remained muted. Egypt Competitiveness Rank - 2022 Data - 2023 Forecast - 2007-2021 Historical - Chart Egypt Competitiveness Rank Egypt is the 93 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. Among others, India . Real growth declined from 5.6% in FY2018/19 to 3.6% during FY2019/20, as the COVID-19 crisis caused a year-on-year contraction of 1.7% during April to June (Q4-FY2019/20) [31] According to the 2019 Global Hunger Index, Egypt suffers from a moderate level of hunger, ranking 61 of 117 countries, compared to 61 of 119 countries in 2018. 7.3.4 Mobile app creation/bn PPP$ GDP Score/ Value Rank Institutions 1.1 Political environment 1.1.1 Political and operational stability* 1.1.2 Government effectiveness* Switzerland has come top for the first time in the 33-year history of IMD's World Competitiveness Ranking, in a year that reflected the impact of the COVID-19 pandemic on economic competitiveness. Egypt's top 10 exports accounted for roughly two-thirds (67.2%) of the overall value of its global shipments. On a nominal basis, the US is ahead of China by $6 trillion in 2021. Egypt gdp growth rate for 2020 was 3.57%, a 1.99% decline from 2019. Year. With a nominal GDP of just over $5 trillion, Japan's economy ranks third in the world. The most powerful gains were for Egyptian shipments of petroleum gases, crude oil and processed petroleum oils. The London-based Capital Economics research firms predicts that Egypt's currency will continue to slide, reaching 25 pounds to the dollar by the end of 2024 amid sustained pressure. Since 2011, Egypt has moved down the rankings table by 8 places. How does your location rank in terms of innovation? CAIRO - 22 July 2021: Among the top 10 countries showing resilience, Egypt ranked 4th with an index of 88.7 in The Economist's "normalcy index" tracking behavioral change due to the COVID-19 pandemic that impacted world economies due to socioeconomic challenges over the past year. For example, in Christmas of 1995, Boston received . . Egypt performs most strongly in Enterprise Conditions, ranking 81st, up 27 places from a decade ago. During the period under review, GDP growth was lowest in 2011, coinciding with the widespread protests taking. Here you can find the ten richest Arab countries. Potential food scarcity could stir domestic . 28, 2021 Share Egypt ranked 82nd out of 165 countries, with a score of 68.6 out of 100, in the University of Cambridge's 2021 SDG Index, says Dr. Hala El-Said, Minister of Planning and Economic Development after receiving a report from the ministry's Sustainable Development Unit. Historical Data (USD Billion) by years Data Period Date Historical Chart by presidents (USD Billion) Abdel Fattah The rankings use the same 13 performance indicators as the THE World University Rankings to judge institutions on their teaching, research, knowledge Read our methodology to see how the scores and rankings were calculated. Data published Yearly by World Bank. Egypt saw its construction project awards value almost double during the first nine months of 2021 compared to the same period in 2020, a report from global real estate firm Jones Lang LaSalle . The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2021 (8.02%) is higher than the US's 5.97%. Egypt gdp growth rate for 2021 was 3.33%, a 0.24% decline from 2020. The German economy is the fourth-largest in the world with a GDP of $4.5 trillion. Map created by Mappr with Data from the World Bank. Knowledge economy index (0 = lowest & 10 = highest) (index) Sweden is the top country by knowledge economy index in the world. Overall Rank. As a result of the government's swift and prudent policy response, coupled with IMF support, the Egyptian economy showed resilience in the face of the pandemic. LATEST: On June 23, 2021, the Executive Board of the International Monetary Fund (IMF) completed the second and final review of Egypt's economic reform program supported by a 12-month Stand-By Arrangement (SBA). Overall Score. Source: World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) IMF World Economic Outlook (April-2021) Date: 02 Sep 2021: Top Statistics Olympics Medal Table 2020. Egypt's commodities exports increased by 27% during the first 11 months of 2021. GDP Growth Rate in 2017 was 4.18%, representing a change of 10,904,826,784 US$ over 2016, when Real GDP was $260,804,841,092. Growth momentum also remained stable in 2021 at around +3.5%, despite continued sanitary restrictions and disruptions to global value chains. GDP of Egypt. Gross domestic product 2021 (millions of Ranking Economy US dollars) 196 St. Vincent and the Grenadines 890 197 Samoa 788 198 American Samoa 709 199 So Tom and Principe 547 . It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
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