The economy of Egypt contracted 1.7% year-on-year in the second quarter of 2020, according to estimates announced by Egypt’s Ministry of Planning and Economic Development. It was the first quarterly contraction since the first quarter of 2011, reflecting the full impact of containment measures introduced in March to curb the spread of the COVID-19. source: Central Bank of Egypt

GDP Annual Growth Rate in Egypt averaged 4.12 percent from 1992 until 2020, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011. This page provides the latest reported value for - Egypt GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt GDP Annual Growth Rate - values, historical data and charts - was last updated on February of 2021.

GDP Annual Growth Rate in Egypt is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Egypt to stand at 2.80 in 12 months time. In the long-term, the Egypt GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 5.30 percent in 2023, according to our econometric models.

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Egypt GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 -1.70 7.70 -3.80 1992 - 2020 percent Quarterly

Egypt GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.70 -1.70 7.70 -3.80 percent [+]
GDP 303.20 250.90 332.90 4.00 USD Billion [+]
GDP Constant Prices 924109.50 965220.20 1006990.80 316764.40 EGP Million [+]
GDP per capita 3008.80 2907.30 3008.80 578.30 USD [+]
GDP per capita PPP 11763.30 11366.30 11763.30 6016.90 USD [+]
GDP From Agriculture 139860.70 106761.20 139860.70 42897.60 EGP Million [+]
GDP From Construction 48624.60 66649.00 70659.60 10878.70 EGP Million [+]
GDP From Manufacturing 134490.80 121177.90 181880.20 51326.60 EGP Million [+]
GDP From Mining 62042.70 99307.70 122278.00 52089.80 EGP Million [+]
GDP From Transport 51945.60 40269.40 51945.60 11148.90 EGP Million [+]

Egypt GDP Annual Growth Rate
Egypt is the third largest economy in the Arab world. Services are the most important sector of the economy and account for around 47.5 percent of total GDP. The most important segments within Services are Wholesale and Retail Trade (10 percent of the output), Government (9 percent), Transportation and Communication (8 percent), Finance, Insurance and Real Estate (8 percent) and Tourism (4 percent). Industry constitutes 30 percent of the output and the largest segments within this sector are: Manufacturing (15.5 percent) and Extraction (13.5 percent). Agriculture accounts for 14.5 percent of output and Electricity, Water, Sanitation and Construction for around 7 percent.