Egypt Key Economic Indicators
 


REAL ECONOMY
(Updated Annually. Next update January 2009)

          Historical data

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08f

Nominal  GDP at Market Prices ($bn)*

93.1 84.0 69.3 78 93 108.4 128.1 149.7*
Real GDP Growth (%) 3.4 3.2 3.2 4.1 4.5 6.8 7.1 7.3*
Population (mn)*** 64.7 66 67.3 68.6 70 71.3 72.7 78.3**
Real GDP Per Capita ($) 1,285 1,273 963 1,036 1,323 1,520 1,762 1,806**
Share of Private Sector in GDP 70.7 65.4 64.9 62.2 62.3 62.9 62.3 -
Unemployment (%) 9.2 9 10.5 11.1 10.5 10.9 9.1 -

*Forecasts based on IMF, Country Report, December 2007.
**Forecasts based on Moody’s International Sovereign, December 2007.
Sources: Ministry of Finance, Financial Monthly, December 2007 & Central Bank of Egypt, Monthly Statistical Bulletin, January 2008.


FISCAL & MONETARY AGGREGATES
(Updated Annually. Next update January 2009)

      Historical data
00/01
01/02
02/03
03/04 04/05 05/06 06/07
Nominal Interest Rate*
9.08
7.79
8.31
8.41
10.25
8.8 8.7
Total Liquidity (M2) (Annual % Change)
11.6
15.4
16.9
13.2
13.6
13.5 12.5
Dollarization (% of M2)
21.3
23.2
27.3
28.4
24.5
24.5 23.2
Exchange Rate (End of Period) (LE/$)
3.858
4.51
6.032
6.22
5.79
5.746 5.71
Budget Deficit (% of GDP)
5.6
10.2
10.5
6.5
9.6
8.2 7.5
Period Average Inflation(%)
2.4
2.4
7.1
9.5
11.7
4.18 10.9

Sources: Ministry of Finance, Financial Monthly, December 2007.


COUNTRY RISK INDICATORS
(Updated Annually. Next update January 2009)

    Historical data
00/01
01/02
02/03
03/04 04/05 05/06 06/07 07/08
Net International Reserves ($bn)
14.2
14.1
14.8
14.8
19.2
22.9 28.6 34.7*
Import Coverage (months)
10.4
11.6
12
9.7
9.6
9 9.1 6.1*
External Debt ($ bn)
26.6
28.7
29.4
29.9
28.9
28.9 29.5 30.4**
External Debt (% of GDP)
28.5
34
42.5
38.1
31.3
27.6 23.4 20.2*
Debt Service Ratio
7.3
9.7
10.1
9.2
7.9
7.3 4.7 5.1**

Sources: Ministry of Finance, Financial Monthly, December 2007 & Central Bank of Egypt, Monthly Statistical Bulletin, January 2008.
*Forecasts based on IMF, Country Report, December 2007.
**Forecasts based on Moody’s International Sovereign, December 2007.


STOCK EXCHANGE INDICATORS
(Updated Annually. Next update January 2009)

      Historical data
00
01
02
03
04 05 06 07
Market Capitalization (LE billion) 119.8 111.4 120.2 71.9 233.9 456.3 534 768
Market Capitalization (% of GDP) 35.6 30.2 31.1 42.4 52.6 86.7 80 105
Value of Trading for Listed Securities (LE million) 54,0 31,8 34,2 27,8 42,4 160,6 287 363
Volume of Trading for Listed Securities (million) 1,1 1,3 0.9 1,4 2,4 5.3 9.1 15.1
Number of Companies Listed 1,076 1,110 1,151 978 795 744 595 435
Number of Companies Traded 659 643 671 540 503 441 407 337
Foreign Participation (% of total trading volume) 25
17
19
20 27 30 30 19.2
Turnover Ratio 38.2
22.1
21.5
13.8 15.5 31.1 48.7 38.7

Source: Cairo and Alexandria Stock Exchanges, Annual Report, 2007.


EXTERNAL SECTOR


(Updated Annually. Next update January 2009)
    Historical data
00/01 01/02
02/03
03/04 04/05 05/06 06/07 07/08f
Exports ($bn)
7.1
7.1
8.2
10.5
13.8
18.4 22 21.6*
Imports ($bn)
16.4
14.6
14.8
18.3
24.2
30.4 37.8 39.9*
Trade balance ($bn)
-9.4
-7.5
-6.6
-7.8
-10.4
-12 -15.8 -18.3*
Current account/GDP (%)
-0.04
0.7
2.4
4.4
3.3
1.6 2.1 1.4*
Foreign Direct Investment ($ million)
509
428
701
407
3,902
6,111 11,053 11,500*

Sources: Ministry of Finance, Financial Monthly, December 2007 &Central Bank of Egypt, Monthly Statistical Bulletin, January 2008.
*Forecasts based on Ministry of Economic Development, Sixth Five-year Plan (2007-2012).


Composition of Trade (% of total)

Exports
05/06 06/07  
Imports
05/06
06/07
Fuel 56.5% 46.6%   Fuel
8.5%
7.3%
Cotton 0.8% 0.5%   Raw Materials
17%
14.9%
Raw Materials 2.8% 2.8%   Intermediate Goods 27.7% 27.8%
Semi-manufactured Goods 6.4% 9.0%   Investment Goods
25.9%
26.0%
Finished Goods 28% 34.2%   Consumption Goods
11.6%
14.0%
Others 5.4% 6.9%   Others
9.3%
9.9%

Source: Central Bank of Egypt, Monthly Statistical Bulletin, January 2008.



Geographic Distribution of Trade (% of total)

Region Origin of Imports Destination of Exports
05/06 06/07 05/06 06/07
EU 37.1 34.4 37.7 33.8
Other European Countries 7.7 8.5 5.2 4.8
Russian Federation and C.I.S 2.4 1.8 0.4 0.7
USA 18.8 21.8 30.6 31.1
Arab Countries 9 8.6 11.5 12.4
Asian Countries (excluding Arab Countries) 14.6 15.9 11.4 13.5
African Countries (excluding Arab Countries) 0.6 0.7 1.4 1.5
Australia 0.9 0.3 0.1 0.3
Other Countries and Regions 8.9 8.0 1.9 2.0

Source: Central Bank of Egypt, Monthly Statistical Bulletin, January 2008.


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