Egypt devalued its currency twice in 2015 to create a more attractive environment for foreign investors, but the weaker Egyptian pound makes goods and services more expensive for locals
| Egypt key economic indicators | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015e | 2016f | 2017f | 2018f | 2019f | 2020f | |
| Nominal GDP ($bn) | 218.8 | 235.6 | 262.3 | 271.4 | 286.4 | na | na | na | na | na | na |
| GDP per capita ($) | 2,779 | 2,930 | 3,183 | 3,205 | 3,304 | na | na | na | na | na | na |
| Real GDP growth (annual change, %) | 5.1 | 1.8 | 2.2 | 2.1 | 2.2 | 4.2* | 4.3 | 4.5 | 4.7 | 5 | 5 |
| Government revenue (% of GDP) | 25.1 | 22 | 22.1 | 23 | 25 | 23.7* | 25.5 | 26.1 | 25.9 | 25.7 | 25.9 |
| Government total expenditure (% of GDP) | 33.4 | 31.8 | 32.7 | 37.1 | 38.6 | 35.4* | 34.9 | 33.5 | 33.1 | 32.6 | 32.5 |
| General government gross debt (% of GDP) | 73.2 | 76.6 | 78.9 | 89 | 90.5 | 90.0* | 89.3 | 84.8 | 81.7 | 79.3 | 77 |
| Current account balance (% of GDP) | -2 | -2.6 | -3.9 | -2.4 | -0.8 | -3.7* | -4.5 | -4.5 | -4.5 | -4.5 | -4.2 |
| Inflation (%) | 10.6 | 11.8 | 7.3 | 9.8 | 8.2 | 11.4 | 10.4* | 10.4 | 8 | 7 | 7 |
| Population (millions) | 78.7 | 80.4 | 82.4 | 84.7 | 86.7 | 88.4* | 90.2 | 92 | 93.8 | 95.7 | 97.6 |
| Unemployment (%) | 9.2 | 10.4 | 12.4 | 13 | 13.4 | 12.9 | 12.4* | 11.7 | 10.9 | 9.8 | 8.8 |
| e=Estimate; f=Forecast; na=Not available; *=Estimates as of October 2015. Source: IMF | |||||||||||
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