Egypt GDP Growth Rate
The Gross Domestic Product (GDP) in Egypt expanded 2.5 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Growth Rate in Egypt averaged 3.69 Percent from 1992 until 2014, reaching an all time high of 7.30 Percent in the first quarter of 2008 and a record low of -4.30 Percent in the first quarter of 2011. GDP Growth Rate in Egypt is reported by the Central Bank of Egypt.
||1992 - 2014
Egypt has one of the most developed and diversified economies in the Middle East. Until 2010, Egyptian economy was growing an average 5 percent a quarter as a result of several economic reforms attracting foreign investments. During that time, the economy and the living standards for majority of population improved. Yet, living conditions for the average Egyptian still remained poor and large income disparities continued to grow, leading to the public discontent. The 2011 revolution, which brought down President Hosni Mubarak regime, have caused economic slowdown as political and institutional uncertainty and rising insecurity continue to hurt tourism, manufacturing, and construction. This page provides - Egypt GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.