GDP reading: GDP expanded 1.0% in seasonally adjusted annualized terms (SAAR) terms in Q3, down from 2.2% in Q2 and...
Economic Growth in Egypt
The Egyptian economy recorded an average growth rate of 4.2% in the decade to 2022, above the 2.0% average for Middle East & North Africa. In 2022, real GDP growth was 6.7%. For more GDP information, visit our dedicated page.
Egypt GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Egypt from 2014 to 2024.
Source: Macrobond.
Egypt GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 5.5 | 3.6 | 3.2 | 6.7 | 3.8 |
| GDP (USD bn) | 318 | 382 | 423 | 475 | 394 |
| GDP (EGP bn) | 5,596 | 6,153 | 6,663 | 7,843 | 10,155 |
| Economic Growth (Nominal GDP, ann. var. %) | 19.9 | 9.9 | 8.3 | 17.7 | 29.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Egyptian GDP projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Egyptian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Egyptian GDP projections.
Want to get access to the full dataset of Egyptian GDP forecasts? Send an email to info@focus-economics.com.
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