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 December of 2020.
GDP Annual Growth Rate in Egypt is expected to be 3.50 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 3.60 in 12 months time. In the long-term, the Egypt GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 5.60 percent in 2022, according to our econometric models.