Egypt

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Egypt

We offer a data-driven country report for Egypt that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Egypt.[/vc_column_text][vc_column_text]

Its population in 2018 was 99,375,741 [1]

In 2015, 5.71% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 3.33% [2]

In 2021 it had a negative Current
Account Balance of US$bn 18.44 [3]

Its unemployment rate in 2021 was 7.29% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 0.96% [2]

A Big Mac will set you back the
local equivalent of US$2.23 [4]

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What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 01/04/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Mali, Mauritania, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe


What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Euro-Mediterranean partnership (EuroMed) since 28/11/1995

Other members:

Algeria, Israel, Jordan, Lebanon, Libya, Morocco, State of Palestine, Syrian Arab Republic, Tunisia, Türkiye


What trade deals are there between Euro-Mediterranean partnership and other countries and economic unions?

None

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What trade deals are there with other countries and economic unions?

MERCOSUR - Egypt free trade agreement (from 05/04/2025)

Protocol on Trade Negotiations (from 11/02/1973)

Common Market for Eastern and Southern Africa (from 08/12/1994)

Pan-Arab Free Trade Area (from 01/01/1998)

EU - Egypt Association Agreement (from 01/06/2004)

Egypt - Türkiye free trade agreement (from 01/03/2007)

Agadir Agreement (from 27/03/2007)

EFTA - Egypt Free Trade Agreement (from 01/08/2007)

EAEU - Egypt Free Trade Agreement (from 05/10/2015)

UK - Egypt Association Agreement (from 01/01/2021)

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J.P.Morgan on Egypt: Parliamentary Elections Passed First Test

High turnout for parliamentary elections offers an orderly exit from political turmoil Power sharing between the Muslim Brotherhood and the Military Council to raise downside risks Challenging backdrop to finance
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Bank of America Merrill Lynch on Egypt: First Hurdle Passed, More On the Way

The successful holding of elections should help defuse tensions in the short-term, but the transition process remains long, complex and fraught with challenges, particularly revolving around the new Constitution and
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CFI Political Diary for Emerging Markets for 2012

Date Country Event January – March Egypt Parliamentary Elections January 14 Taiwan Parliamentary and Presidential Elections March 4 Russia Parliamentary Elections March 29 Iran Presidential Elections April South Korea Parliamentary
Read more
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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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