In World Bank’s ease of doing business ranking Egypt was ranked 120 out of 190 countries in 2018. Egypt’s ease of doing business ranking improved from 128th position in 2017.
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 had estimated population of 90.2 million in the year 2016 and expected to reach 103.386 million by 2022. Egypt’s unemployment rate was 12.571% of total labor force in the same year.
Egypt’s real gross domestic product (GDP) was around EGP 1917.20 billions in 2016 whereas the nominal GDP was EGP 2708.30 billions. This resulted in GDP deflator 141.263. Per capita GDP was estimated at USD 3684.57 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 12553.94.
In 2016, Egyptian government’s revenue was EGP 564.843 billions whereas the expenditure was EGP 890.143 billions. This resulted Egyptian government’s net lending / borrowing negative at EGP 325.3 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Egypt was estimated to be negative at USD 18.659 billions for the year 2016 and is expected to decrease at a CAGR of 53.17%.
Scope of Egypt – PESTLE Analysis and Macroeconomic Trends Report
– This report provides information about key macroeconomic indicators for Egypt.
– This report provides PESTELE (political, economic, social, technological, legal and environmental) analysis for Egypt.
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