Egypt’s private sector GDP grew at a fast rate than the public sector at 8.1% in Q4 FY2020/2021 on a year-on-year basis, with the public sector going up by 5.5%
Egypt’s gross domestic product (GDP) at market price and current prices increased during the Q4 of the fiscal year 2020/2021 to reach EGP 1.507 trillion, compared to EGP 1.326 trillion in Q4 of FY2019/2020, revealed the Central Agency for Public Mobilization and Statistics (CAPMAS).
In its September information bulletin, CAPMAS stated that the rise in GDP was due to an increase in the GDP per capita to EGP 62,500, up from EGP 58,600 during Q4 FY2019/2020.
Fiscal year 2020/2021 recorded its highest GDP rate during Q2, which reached EGP 1.664 trillion, followed by Q1 with a recorded EGP 1.629 trillion.
The GDP is a monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries.
Egypt’s private sector GDP grew at a faster rate than the public sector at 8.1% in Q4 FY2020/2021 on a year-on-year basis, with the public sector going up by 5.5%.
The bulletin data revealed that imports increased during the fourth quarter of FY2020/2021 to EGP 260.2 billion from EGP 196.3 billion in the same quarter of the previous fiscal year. Moreover, exports also increased to EGP 130.8 billion, up from EGP 85 billion during the compared period.
For more recent GDP expectations; Fitch raised its projections for Egypt’s 2022 real GDP growth for the fourth month in a row; the World Bank lowered theirs to 4.8%; the IMF upped their forecast to 6.6%.
