Egypt: economy

What is Egypt's GDP growth rate?

Egypt's real GDP growth averaged 5.1% in fiscal year 2025/26 (July 2025 to June 2026), according to the Central Bank of Egypt Monetary Policy Committee statement of 24 September 2026. Growth was 4.7% in the second quarter of 2026, down from 5.0% in the first quarter, which the CBE attributes mainly to regional tensions.

The CBE expects growth to remain broadly stable near this level in 2026/27 and says output is still below its potential. The Ministry of Planning publishes the official GDP estimates; the CBE's Monetary Policy Report for Q2 2026 explains the sector breakdown, including manufacturing, tourism and the Suez Canal.

Official sources: CBE: MPC press release, 24 September 2026 · CBE: Monetary Policy Report Q2 2026 (PDF) · Ministry of Planning and Economic Development

What is the inflation rate in Egypt?

Annual urban headline inflation in Egypt was 13.9% in September 2026, down from 14.5% in August, according to the Central Bank of Egypt inflation press release of 11 October 2026, based on data from CAPMAS. Prices rose 1.3% in the month. Core inflation, which strips out volatile items, was 14.1%.

The headline figure covers urban areas, where CAPMAS also compiles a nationwide index. The CBE's inflation statistics page shows regulated-item prices up 12.0% over the year and fruit and vegetables up 18.9%. The CBE expects inflation to converge towards its target of 7% (plus or minus 2 percentage points) during the second half of 2027, according to its September 2026 policy statement.

Official sources: CBE: CPI press release, September 2026 · CBE: inflation rates · CBE: MPC press release, 24 September 2026

What is the Central Bank of Egypt's interest rate?

The Central Bank of Egypt's overnight deposit rate is 19.00%, its overnight lending rate 20.00% and its main operation rate 19.50%, after the Monetary Policy Committee kept rates unchanged on 24 September 2026, according to its press release. The discount rate is also 19.50%.

The overnight deposit rate is what banks earn on money left at the CBE, and it anchors interbank rates and the rates banks pay savers and charge borrowers. The committee said the current stance is tight enough to keep inflation falling, while flagging upside risks from regional hostilities and energy prices. The CBE homepage shows the current rates and the CONIA interbank rate.

Official sources: CBE: MPC press release, 24 September 2026 · Central Bank of Egypt

What is the Egyptian pound exchange rate?

The Central Bank of Egypt's official rate was EGP 53.0417 to buy and EGP 53.1817 to sell one US dollar on 14 October 2026, according to its exchange rates page. The euro was EGP 59.3484 to buy and EGP 59.5103 to sell.

The CBE publishes official rates for each working day. The pound averaged 49.2 per dollar in 2025, against 19.2 in 2022, according to the World Bank, after a series of devaluations. Net international reserves were US$57,348.2 million at the end of September 2026 (provisional), according to the CBE.

Official sources: CBE: official exchange rates · CBE: net international reserves, September 2026 · World Bank: official exchange rate, Egypt

What is Egypt's GDP per capita?

Egypt's GDP per person was US$3,086 in 2025, down from US$3,338 in 2024 and US$4,233 in 2022, according to the World Bank World Development Indicators.

The fall in dollar terms reflects the pound's depreciation, from an average of 19.2 per dollar in 2022 to 49.2 in 2025 according to the World Bank, rather than a fall in output; the World Bank shows real GDP growth of 4.4% in 2025. Egypt's population was about 118.4 million in 2025, according to the World Bank. Figures measured at purchasing power parity give a steadier comparison of living standards across years and countries.

Official sources: World Bank: GDP per capita (current US$), Egypt · World Bank: GDP growth, Egypt · World Bank: population, Egypt

What is Egypt's current account deficit?

Egypt's current account deficit was US$22.5 billion in fiscal year 2025/26, up from US$15.4 billion, according to the Central Bank of Egypt balance of payments press release. The overall balance of payments was in surplus by US$2.8 billion, as net capital and financial inflows reached US$23.2 billion, including US$18.0 billion of foreign direct investment.

The deficit widened because the merchandise trade deficit grew 27.1% to US$64.8 billion. It was partly offset by remittances from Egyptians abroad of US$47.3 billion, tourism revenue of US$18.4 billion and Suez Canal receipts of US$4.4 billion, up 21.6%. Non-oil exports rose 7.8% to US$37.3 billion.

Official sources: CBE: balance of payments press release, FY 2025/26 (PDF)

How fast is Egypt's economy growing?

4.4%: that is real GDP growth in Egypt for 2025, according to the World Bank. Since 2005 it has ranged from 1.8% (2011) to 7.2% (2008). Middle East, North Africa, Afghanistan & Pakistan median: 3.5%; Egypt is 5th highest of 17. World rank, highest first: 60th of 180.

What is GDP per capita in Egypt?

In 2025, GDP per person in Egypt was $3,086, according to the World Bank. Since 2005 it has ranged from $1,106 (2005) to $4,233 (2022). Middle East, North Africa, Afghanistan & Pakistan median: $6,051; Egypt is 16th highest of 17. Of 180 countries with 2025 data, 132nd highest.

What is Egypt's GDP per person adjusted for prices?

The latest figure from the World Bank, for 2025, is $20,204 in international dollars. That is the highest since at least 2005. Middle East, North Africa, Afghanistan & Pakistan median: $19,699 in international dollars; Egypt is 8th highest of 17. Of 179 countries with 2025 data, 89th highest.

What share of Egypt's economy is exports?

The World Bank puts exports of goods and services in Egypt at 19.8% of GDP in 2025. The peak was 33.0% of GDP in 2008 and the low 10.3% of GDP in 2016. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 29.7% of GDP, and Egypt placed 9th highest of 11. World rank, highest first: 107th of 133.

Does Egypt have a current account surplus or deficit?

According to the IMF, the current account balance in Egypt was -3.8% of GDP in 2025, which is a deficit. Its high point since 2005 was 2006, at 2.5% of GDP; its low point was 2016, at -6.2% of GDP. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was -0.6% of GDP, and Egypt placed 11th highest of 12. Worldwide: 93rd of 132.

How much foreign direct investment goes into Egypt?

In 2025, net inflows of foreign direct investment in Egypt was 4.2% of GDP, according to the IMF. The peak was 12.0% of GDP in 2024 and the low -0.2% of GDP in 2011. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 1.8% of GDP, and Egypt placed 4th highest of 17. Worldwide: 45th of 179.

What are bank lending rates in Egypt?

According to the IMF, the average bank lending rate in Egypt was 24.3% in 2024. That is the highest since at least 2005. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was 8.0%, and Egypt placed 1st highest of 5. Of 89 countries with 2024 data, 6th highest.