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* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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...



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