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, tomatoes, potatoes, rice, milk, onions, oranges (2022).
More about the economy of Egypt
Labor force 33.431 million (2023 est.)
Industrial production growth rate -0.57% (2023 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 12.52% (of GDP) (2015 est.)
Fiscal year
Exchange rates
Currency Egyptian pounds (EGP) per US dollar -
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.)
Exchange rates 2019 16.771 (2019 est.)
Debt - external
Debt - external 2022 $97.5 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $33.07 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $32.144 billion (2022 est.)
Reserves of foreign exchange and gold 2021 $39.824 billion (2021 est.)
Current account balance
Current account balance 2022 -$10.537 billion (2022 est.)
Current account balance 2021 -$18.611 billion (2021 est.)
Current account balance 2020 -$14.236 billion (2020 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 (-)
Remittances
Remittances 2023 6.11% of GDP (2023 est.)
Remittances 2022 5.94% of GDP (2022 est.)
Remittances 2021 7.41% of GDP (2021 est.)
Household income
Lowest 10% 3.8% (2019 est.)
Highest 10% 27.5% (2019 est.)
Average household expenditures
On food 37.1% of household expenditures (2022 est.)
On alcohol and tobacco 4.6% of household expenditures (2022 est.)
Imports
Imports 2022 $97.144 billion (2022 est.)
Imports 2021 $94.039 billion (2021 est.)
Imports 2020 $72.482 billion (2020 est.)
Imports (partners) China 17%, US 7%, Saudi Arabia 7%, UAE 6%, Turkey 5% (2022)
Comodities Imports force refined petroleum, wheat, crude petroleum, natural gas, plastics (2022)
Exports
Imports 2022 $97.144 billion (2022 est.)
Imports 2021 $94.039 billion (2021 est.)
Imports 2020 $72.482 billion (2020 est.)
Exports (partners) Turkey 8%, Italy 6%, US 6%, Spain 6%, India 5% (2022)
Comodities Exports force natural gas, fertilizers, garments, refined petroleum, crude petroleum (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $1.912 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.842 trillion (2022 est.)
Real GDP (purchasing power parity) 2021 $1.729 trillion (2021 est.)
GDP (official exchange rate) $395.926 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $17,000 (2023 est.)
Real GDP per capita 2022 $16,600 (2022 est.)
Real GDP per capita 2021 $15,800 (2021 est.)
GDP - composition, by sector of origin
Agriculture 10.6% (2023 est.)
Industry 32.7% (2023 est.)
Services 51.6% (2023 est.)
GDP - composition, by end use
Household consumption 82.6% (2023 est.)
Government consumption 6.8% (2023 est.)
Investment in fixed capital 15.2% (2022 est.)
Investment in inventories -2.3% (2023 est.)
Exports of goods and services 19.1% (2023 est.)
Imports of goods and services -21.3% (2023 est.)
Unemployment rate
Unemployment rate 2023 7.31% (2023 est.)
Unemployment rate 2022 7.34% (2022 est.)
Unemployment rate 2021 7.44% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 19% (2023 est.)
Male 12.6% (2023 est.)
Female 49.2% (2023 est.)
All Important Facts about Egypt

Want to know more about Egypt? Check all different factbooks for Egypt below.

Egypt is found in Northern Africa