Thought for the day

Egyptian GDP Growth Rate Accelerates


 
Last updated: 3 July 2024
 
Real output has surpassed North Africa and is catching up with the Emerging Markets

Egypt's GDP Growth
Index: 1995=100
Egyptian GDP Growth Rate Accelerates
* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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’s real GDP growth rate has accelerated in recent years. Egyptian output has largely kept pace with that of North Africa from 1996 to 2016, but over the full quarter of a century real GDP rose by 198% compared to an increase of 193% in North Africa and 247% across the Emerging Markets. The five-year cumulative annual average growth rate at 4.4% has now surged ahead of the 10-year average rate of 3.8%.

Egyptian growth, like most of North Africa, could benefit from positive demographic trends. There is a high proportion of young people entering the labour force with 55.8% of the population under the age of 15 while only 8.8% are over the age of 64.  See more data...



More perspectives using World Economics data

China Manufacturing Sector Confidence Hits a 38-Month High
China Manufacturing Sector Confidence Hits a 38-Month High
After many months in the doldrums, Business Confidence in the Chinese Manufacturing Sector has sprung into life . December Sales Managers Data data records Confidence at a 38 month high, a remarkable turnaround after years of low readings. In sharp contrast, the Services sector, which has remained in reasonable shape during the long period during which the Manufacturing sector appeared to be hibernati...
China's GDP is Likely to Grow to Twice the Size of US GDP
China
South Korea, and Taiwan have achieved GDP per head of around 80% of the US level, starting from very close to poverty. If China can raise GDP per head to just 50%+ of US levels (hardly an impossible task given its record over the last 40 years), it will have a GDP twice that of the US. If China's GDP per capita gets anywhere near those achieved in South Korea, its economy will approach three times the...
Dangerously Misleading Debt Data
Dangerously Misleading Debt Data
Debt poses a serious problem in most developed countries, and in many developing ones. But statistical omission and obfuscation hide the true problem. Rapidly rising numbers of old age dependants plus unfunded pay-as-you-go social security schemes are already causing unrest. More is likely to follow as state backed promises of medical and old age support become impossible to fulfil. The problem is fa...