Current Account in Egypt

Egypt Current Account (USD bn) | Economic News & Forecasts

Egypt - Current Account (billions of U.S. Dollars)

Economic growth ticked up in January–March from the prior period. While details are not yet available, higher government consumption likely supported the expansion, as reflected by the government’s fiscal accounts which show spending rose sharply in July–March compared to the same period a year earlier. Fixed investment also likely increased, given a large chunk of the government’s extra spending went on public investments. In addition, higher public wages, a lower unemployment rate and a moderation in inflation should have buoyed private spending. More recently, the non-oil private sector PMI rose above the 50-point mark that separates expansion from contraction in April for the first time in eight months. Meanwhile, on 17 May, the IMF announced it would shortly release the remaining USD 2 billion of the Egyptian government’s USD 12 billion financial support program.

Egypt - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-6.4  -2.7  -12.1  -19.8  -15.3  

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Egypt Facts

ValueChangeDate
Bond Yield16.050.0 %Jun 14
Exchange Rate16.760.0 %Jun 14
Stock Market1,3530.53 %Jun 14

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