$9.0 billion Egypt’s economic freedom score is 55.7, making its economy the 130th freest in the 2021 Index. Its overall score has increased by 1.7 points, with improvements in 9 of the 12...

Egypt Economic Growth. In FY 2021—which runs from July 2020 to June 2021—the economy is projected to slow further due to the ongoing effect of the pandemic and a weak external environment. A continued contraction in exports is set to weigh heavily on overall growth, while decelerating private consumption and public spending should also contribute to the slowdown.

Egypt's Economic Update — April 2021. Economic activity and employment started resuming, yet the resurgence in COVID-19 cases is clouding the nascent economic up-tick. Pressures arise from the severely affected foreign income sources (tourism, goods exports, FDI), but remittances, port-folio inflows and external financing continue to support international reserves.

The Economy Of Egypt Overview Of The Economy Of Egypt. The economy of Egypt is moving toward a market-oriented approach after years as a... Leading Industries Of Egypt. The economy of Egypt is based on several industry endeavors. These include tourism, textile... Top Export Goods And Partners. Egypt ...

Egypt's economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Agriculture, hydrocarbons, manufacturing, tourism, and other service sectors drove the country’s relatively diverse economic activity.

Agriculture, hydrocarbons, manufacturing, tourism, and other service sectors drove the country’s relatively diverse economic activity. Despite Egypt’s mixed record for attracting foreign investment over the past two decades, poor living conditions and limited job opportunities have contributed to public discontent.

Egypt’s economic growth has been strong and resilient since the economic reforms initiated in 2016. It is one of the few African countries expected to record a positive growth in 2020, at 3.6%, despite the adverse impact of the COVID–19 pandemic.

Egypt’s recent macroeconomic and structural reforms stabilized the economy and have allowed the country to enter the global COVID-19 crisis with improving fiscal and external accounts. However, the adverse repercussions of the pandemic have since undermined this recent progress, shedding light on longstanding challenges.

This page has economic forecasts for Egypt including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Egypt economy.