Egypt has the 30th largest economy in the world . The gross domestic product (GDP) of Egypt is $330.78 (USD Billion) and its growth was 4.20% from 2014 to 2015. Its highest GDP was recorded in 2015 and its average GDP in the last 10 years is $223.93 (USD Billion).
Egypt GDP per capita is $3,614.75 (USD). However, when factoring in purchase power parity (PPP), it becomes $10,891.26 (USD), making it the 97th richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $9,715.80 (USD).
Egypt has greatly improved its economic performance in recent decades. It currently enjoys a market-oriented economy, which means it is based on the supply and demand of goods and services. However, more recently, a state of unrest in the country has seen economic performance of the country drop.
Although Egypt enjoys a warm climate and a large water supply, desertification is a threat to agriculture within the country. Cotton, what, onions, tobacco, and beans remain major exports.
In 2014, the Egyptian government launched a program of reforms, aimed at nurturing the tumultuous economic climate. This included the VAT law, the reduction of energy-related subsidies, and the liberation of the Egyptian pound. However, unemployment remains high in the country at 12.4 percent. Rates are highest amongst youth and women.
GDP Of Egypt Per Year
Egypt's GDP & Other Economic Statistics
|GNI per capita, PPP||10,690.00||10,320.00||10,690.00||International $|
|GNI, PPP||978.33||924.06||978.33||International $ Billion|
|Gross domestic savings||19.62||15.92||31.22||USD Billion|
|GDP per capita, PPP||10,891.26||10,571.33||10,891.26||International $|
|GDP per capita growth||2.00||-0.01||5.29||%|
|GDP per capita||3,614.75||3,365.71||3,614.75||USD|
|Services, etc., value added||175.74||155.87||175.74||USD Billion|
|Industry, value added||121.58||121.88||121.88||USD Billion|
|Manufacturing, value added||55.52||51.25||55.52||USD Billion|
|Agriculture, value added||37.43||34.64||37.43||USD Billion|
|Gross fixed capital formation||45.43||38.03||45.43||USD Billion|
|Tax revenue||12.52||14.01||15.83||% of GDP|
What is Gross Domestic Product (GDP)?
Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Egypt – current values and historical information. The information was last updated 2016.
GDP Of Egypt vs. Other Countries
|Rank||Country||GDP (USD Billion), 2015|
|29||The United Arab Emirates||370.29|