Real growth declined from 5.6% in FY2018/19 to 3.6% during FY2019/20, as the COVID-19 crisis caused a year-on-year contraction of 1.7% during April to June (Q4-FY2019/20) [31] According to the 2019 Global Hunger Index, Egypt suffers from a moderate level of hunger, ranking 61 of 117 countries, compared to 61 of 119 countries in 2018. The Times Higher Education Emerging Economies University Rankings 2021 includes only institutions in countries classified by the London Stock Exchange's FTSE Group as "advanced emerging", "secondary emerging" or "frontier". Egypt Competitiveness Rank - 2022 Data - 2023 Forecast - 2007-2021 Historical - Chart Egypt Competitiveness Rank Egypt is the 93 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 178.7% from 2020 to 2021. REPORT: Request for a 12-Month Stand-By Arrangement for the Arab Republic of Egypt More Key Questions on Egypt, updated June 2021. Switzerland has come top for the first time in the 33-year history of IMD's World Competitiveness Ranking, in a year that reflected the impact of the COVID-19 pandemic on economic competitiveness. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2021 (8.02%) is higher than the US's 5.97%. The world's most-innovative economy in 2021 is Switzerland followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and Republic of Korea, according to the GII 2021 rankings. June 2021 - Cairo, Egypt - A buyer at a grocery store pays with a payment card. CAIRO - 22 July 2021: Among the top 10 countries showing resilience, Egypt ranked 4th with an index of 88.7 in The Economist's "normalcy index" tracking behavioral change due to the COVID-19 pandemic that impacted world economies due to socioeconomic challenges over the past year. Digital Riser Report 2021 by the European Center for Digital Competitiveness. . 2) The rank that you see is the CIA . It also presents findings from recent World Bank work on Egypt. Ahmed Khaled/ World Bank The Egypt Economic Monitor provides an update on key economic developments and policies over the past six months. Historical Data (USD Billion) by years Data Period Date Historical Chart by presidents (USD Billion) Abdel Fattah The UAE came in second place, with its 2021 GDP recording $401.5 billion, followed by Egypt, with its GDP expected to reach $394.3 billion. Egypt gdp per capita for 2021 was $3,876, a 8.61% increase from 2020. For example, in Christmas of 1995, Boston received . Read our methodology to see how the scores and rankings were calculated. Egypt also advanced three positions in the education ranking issued by US News, in which it came 39th in the 2021 report, compared to 42nd in the 2020 report. 20 December, 2021. . The rankings use the same 13 performance indicators as the THE World University Rankings to judge institutions on their teaching, research, knowledge Egypt is likely to become among the top 10 economies worldwide in 2023 with GDP rate climbing from the 21st position globally to the seventh one, it said. Western European countries lead in the 2021 rankings, reflecting the resilience of economies in the face of the global COVID-19 health crisis. Egypt is 121st in the overall Prosperity Index rankings. The nominal GDP for the United States is $24.79 trillion in 2022. As of 2012, knowledge economy index in Sweden was 9.43 index. LATEST: On June 23, 2021, the Executive Board of the International Monetary Fund (IMF) completed the second and final review of Egypt's economic reform program supported by a 12-month Stand-By Arrangement (SBA). The maximum volume was 363 USD Billion and minimum was 4 USD Billion. Egypt Economic Growth In FY 2023 (July 2022-June 2023) GDP growth will decelerate. CAIRO, Oct 21 (Reuters) - Egypt's economy will grow 5.1% in the fiscal year that ends in June 2022, but accelerate to 5.5% in each of the following two years as tourism continues to rebound and the. Real GDP (constant, inflation adjusted) of Egypt reached $271,709,667,876 in 2017. Data are in current U.S. dollars. Egypt GDP - 2022 Data - 2023 Forecast - 1960-2021 Historical - Chart - News Egypt GDP The Gross Domestic Product (GDP) in Egypt was worth 404.14 billion US dollars in 2021, according to official data from the World Bank. Tripoli, Lebanon. Overall Score. 2021 Egypt: Africa: 435,621: 2022: "Saudi Arabia is the largest Arab economy in 2021, with a GDP at current prices totaling $804.9 billion," the Forbes magazine's official Twitter account wrote. However, it is the new government's successor lack thereofin meeting the country's economic challenges that will largely determine whether Egypt returns to stability, just as surely as it was Egypt's economic woes that underpinned the country's repudiation . China is the second-largest economy considering nominal GDP, at $18.46 trillion. Egypt gdp growth rate for 2019 was 5.56%, a 0.24% increase from 2018. Growth is set to speed up as of 2022 (+5.2%) and hover around +5.5% in the medium term. Egypt was one of the few emerging market countries that experienced a positive growth rate in 2020. Egypt had a population of 103.3 million in January 2021.. Egypt's population increased by 1.9 million (+1.9%) between January 2020 and January 2021.. 49.5% of Egypt's population is female, while 50.5% of its population is male [note: the United Nations does not publish data for genders other than 'female' and 'male'].. 42.8% of Egypt's population lives in . Rank/Total; Current Constant (2010) Current Constant (2017) Nominal PPP Nominal PPP; 1960-15.41----- On a nominal basis, the US is ahead of China by $6 trillion in 2021. Egypt performs most strongly in Enterprise Conditions, ranking 81st, up 27 places from a decade ago. Published by Statista Research Department , Feb 19, 2021. The Gross Domestic Product (GDP) growth in Egypt for 2021 was projected at 3.3 percent. (U.K.) and Republic of Korea, according to the GII 2021 rankings. Russia's war in. Over the past five years, Egypt's economic growth. Its GDP rank is 36th (nominal) and 21st (PPP) in the year 2021. Alerts Hub Business School Rankings Enterprise Tools News feed Newsletters Currency Converter. Egypt followed Saudi Arabia and the UAE with an expected GDP value of $394.3 billion in 2021 Egypt placed third in Forbes Middle East's list of largest economies in the Arab region with a total GDP value that is expected to jump to $394.3 billion in 2021, up from the $361.8 billion recorded in 2020. That said, support from the country's Gulf allies and a seemingly imminent agreement with the IMF should provide some support. GDP of Egypt. Per capita debt in 2020 was $3,238, compared to $2,032 in 2010. Find out more about . 28, 2021 Share Egypt ranked 82nd out of 165 countries, with a score of 68.6 out of 100, in the University of Cambridge's 2021 SDG Index, says Dr. Hala El-Said, Minister of Planning and Economic Development after receiving a report from the ministry's Sustainable Development Unit. The rankings of national economies have changed considerably over time, . Sherif Issa, Egypt's assistant foreign minister for African affairs, led a high-ranking delegation from various ministries and companies to Djibouti this month to discuss strengthening economic and other relations between the two countries.. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. All suggestions for corrections of any errors about Egypt Economy 2020 should be addressed to the CIA or the source cited on each page. GDP Growth Rate in 2017 was 4.18%, representing a change of 10,904,826,784 US$ over 2016, when Real GDP was $260,804,841,092. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. PILLAR RANKINGS Egypt performs most strongly in Enterprise Conditions and Infrastructure & Market Access but is weakest in Personal Freedom. 7.3.4 Mobile app creation/bn PPP$ GDP Score/ Value Rank Institutions 1.1 Political environment 1.1.1 Political and operational stability* 1.1.2 Government effectiveness* We forecast only a marginal widening of the current account deficit in FY21-22. Top Export (2020) Refined Petroleum $3.4B. Overview. The last Article IV Executive Board Consultation . Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion, Nigeria - $1.14 trillion, South Africa - $861.93 billion, Algeria - $532.57 billion, Morocco - $302.77 billion, Ethiopia - $298.57 billion, Kenya - $269.29 billion, Angola - $217.97 billion, Ghana - $193.63 billion, Egypt's population. Egypt gdp growth rate for 2021 was 3.33%, a 0.24% decline from 2020. Here you can find the ten richest Arab countries. 34.0. In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. Egypt keeps position in 2021 FIFA's first ranking, Mali makes the best move, Mahmoud Elassal , Thursday 18 Feb 2021, Egypt are in the driving seat of Group G of the Africa Cup of Nations qualifiers with eight points; they are scheduled to play their first official game in the qualifiers against Kenya next March, As a result of the government's swift and prudent policy response, coupled with IMF support, the Egyptian economy showed resilience in the face of the pandemic. Today's emerging markets are tomorrow's powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. Egypt: Overcoming the COVID Shock and Maintaining Growth. The description is composed by our digital data assistant. As of 2021, the United States and China would occupy the first two places in both methods' gdp ranking. Its GDP growth rate is 3.2% in the year 2021. #36 out of 78 in 2020. Egypt gdp growth rate for 2020 was 3.57%, a 1.99% decline from 2019. country comparison to the world (CIA rank, may be based on non-current data): 21 [see also: GDP country ranks] GDP (official exchange rate): $236.5 billion (2017 est.) Despite all this adversity, Egypt's economy outperformed most emerging market peers and grew by +3.6% in 2020. # 33. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Egypt's economy reels from Ukraine war. Source: World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) IMF World Economic Outlook (April-2021) Date: 02 Sep 2021: Top Statistics Olympics Medal Table 2020. The German economy is the fourth-largest in the world with a GDP of $4.5 trillion. source: World Economic Forum 10Y 25Y 50Y MAX Chart Compare The London-based Capital Economics research firms predicts that Egypt's currency will continue to slide, reaching 25 pounds to the dollar by the end of 2024 amid sustained pressure. Libya - 2020 GDP per capita $10,846.90. How does your location rank in terms of innovation? Japan has the third-largest economy in the world with a GDP of $5.38 trillion. Top Export Goods And Partners. Overall score of Egypt on the Economic Freedom Index 2000-2020. Egypt maintains the largest economy in North Africa -an African region dominated by Arabs. When talking about rich Arab countries, Libya is an obvious contender and has been for years. This is largely made possible by mutually beneficial cooperation between the government and private industrial companies, a strong work ethic, high technology and relatively low defense spending (just under 1% of GDP . The Economist magazine also issued a report expecting a 5.7-percent growth rate of the Egyptian economy in 2024 and a 1.5-percent decline of the deficit in the Gross Domestic Product in 2025. . As for the GDP, the report indicated that it is estimated to reach LE6.4 trillion in 2020/2021, and it is . The biggest improvement compared to a decade ago came in Enterprise Conditions. [43] Egypt's government debt-to-GDP ratio is currently 91.6 percent, compared to 87.1 percent in 2013 when al-Sisi led the military's seizure of power. The more than $26 billion of remittances became the country's primary source of foreign income, constituting 10 percent of GDP in 2017, 2018, and 2019making Egypt the highest recipient of remittances in .

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