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Egypt Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Egypt including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data
Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia, via a land bridge formed by the Sinai Peninsula. Most of its territory of 390,000 square miles lies within the Nile Valley of North Africa and is bordered by the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south and Libya to the west.
Egypt is estimated to have population of 102.612 million in the year 2021 and expected to reach 115.558 million by 2027, growing at a CAGR of 2%.
Egypt’s real gross domestic product (GDP) was EGP 3995.20 billion in 2020 and while recovering from the COVID-19 impact it increased by 5.314% to be around EGP 4128.10 billion in 2021. It is further expected to increase by 5.65% and reach EGP 5,741.23 billion by 2027.
Egypt’s unemployment rate was 7.292% of total labor force in 2021. It is expected to decrease by 2.15% and reach 6.402% by 2027.
Egypt’s per capita GDP was estimated at USD 3,925.83 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 13,529.93 for the year 2021.
In 2021, Egypt government’s revenue was estimated to be EGP 1,266.02 billion whereas the expenditure was EGP 1,729.47 billion. This resulted in Egypt government’s net lending / borrowing negative at EGP 463.449 billion in 2021 indicating that not enough financial resources were made available by the Egypt government to boost economic growth.
The current account balance for Egypt was negative at USD 18.436 billion for the year 2021 and is expected to increase at a CAGR of 1.91% and reach negative USD 16.426 billion by 2027. This negative current account balance indicates that Egypt will remain a net borrower from the rest of the world till 2027.
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