Current Account in Egypt

Egypt Current Account | Economic News & Forecasts

Egypt - Current Account

Economic growth should have stayed elevated in the first quarter of 2019, powered by higher government spending on investment and public sector wages. This seems to be translating into upbeat sentiment, as reflected by the non-oil private sector PMI climbing above the 50-mark for the first time in April in eight months, while Moody’s upgraded its credit rating for Egypt to B2 from B3 in the same month. The rating agency’s decision on 17 April followed the government’s primary fiscal balance swinging to a surplus in July–February and was grounded on expectations of continued improvement going forward. Meanwhile, in the political arena, Egyptians voted over 20–22 April to extend presidential terms from four to six years and to increase the maximum number of terms to three from two. This means President el-Sisi could now remain in power until 2030.

Egypt - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.2  -0.9  -3.6  -6.0  -6.5  

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Egypt Current Account Chart


Egypt Current Account
Note: Current account balance as % of GDP.
Source: Central Agency for Public Mobilization and Statistics and Met the why particular calculations.

Egypt Facts

ValueChangeDate
Bond Yield16.050.0 %May 13
Exchange Rate17.080.0 %May 13
Stock Market1,3440.53 %May 13

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