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Egypt Economy
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Chapter | Table of Contents from The Report: Egypt 2017
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Egypt’s GDP per capita of $3615 in 2015, according to the World Bank, is considerably lower than the world average of $10,058, and establishes the country as lower-middle income. The nation’s transition from an energy exporter to a net importer of gas has resulted in a stubborn current account deficit. Nevertheless, Egypt entered 2016 on the back of some encouraging economic data. According to...
Chapter | Country Profile from The Report: Egypt 2017
Egypt is the third-most-populous country in Africa and the 15th worldwide, according to World Bank figures. As of 2017 the number of residents was estimated to have reached 92m. Arabic is the official language and the only one widely understood across the entire country. Over the last 15 years, Egypt has been undergoing a transformation into a market-oriented economy. The country currently...
While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.
More details have emerged regarding Egypt’s ambitious programme of economic reform, as the country remains on course to receive the next allocation of a $12bn loan from the IMF to support its efforts.