Egypt Economy 2016
General Economic & Financial Outlook
Gross Domestic Product by Sector (at Factor Cost)
Distribution of Total Investments by Economic Agents
Annual Inflation In Domestic Price Indices
Exchange Rates
Budget Sector : Summary of Main Budget Operations
Budget Sector Domestic Debt
Gross External Debt
Balance of Payments - Current Account
International Trade Data: Exports & Imports
General Economic & Financial Outlook
Table # 1 | |||||
Real Sector (Current Prices) | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 |
GDP at market prices ( LE Million) | 1,674,700 | 1,860,400 | 2,130,000 | 2,443,900 | 2,708,300 |
GDP at market prices ( US$ Million) | 279,349 | 288,542 | 305,602 | 332,700 | 332,792 |
GDP at factor cost ( LE Million) | 1,713,146 | 1,924,808 | 2,205,594 | 2,473,100 | 2,673,300 |
GDP at factor cost ( US$ Million) | 285,762 | 298,531 | 316,448 | 336,675 | 328,491 |
GDP Per Capita ( EGP) -- | -- | -- | -- | -- | |
GDP Per Capita ( USD) -- | -- | -- | -- | -- | |
B. Real Sector Indicators and Sources of Growth 2/ | |||||
(% Change) | |||||
Real GDP at market prices 3/ | 2.2 | 2.2 | 2.9 | 4.4 | 4.3 |
Real GDP at factor cost 3/ | 2.2 | 2.2 | 2.9 | 3.4 | 2.2 |
Commodity Sector | 1.6 | 1.1 | 1.9 | 1.6 | 0.8 |
Production Services | 2.8 | 3.2 | 2.6 | 5.2 | 2.6 |
Social Services | 3 | 3.4 | 5.5 | 4.9 | 4.7 |
Investments 4/ , 5/ | 5.8 | -8.4 | 1.7 | 8.6 | 11.2 |
Consumption 4/ | 6 | 3.2 | 4.9 | 3.6 | 4.5 |
Private | 6.5 | 3.3 | 4.4 | 3.1 | 4.6 |
Public | 3.1 | 2.2 | 8.4 | 7 | 3.9 |
Exports of Goods and Services 4/ - | -2.3 | 4.5 | -10.9 | -0.6 | -14.5 |
Real GDP Per Capita -- | -- | -- | -- | --- | |
Domestic Savings 6/ | |||||
Annual nominal growth rate - | -29.5 | 7.9 | -24.2 | 27.9 | 10.6 |
Percent of GDP | 8 | 7.9 | 5.2 | 5.8 | 5.8 |
Domestic Investments 5/, 6/ | |||||
Annual nominal growth rate | 10.1 | -1.5 | 9.9 | 20.2 | 16.7 |
Percent of GDP | 16 | 14.2 | 13.6 | 14.3 | 15 |
Table # 2 | |||||
2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | |
Total Population (Millions) 1/ | 82.4 | 84.7 | 86.7 | 89 | 91.1 |
Population Growth | 2.5 | 2.8 | 2.4 | 2.6 | 2.4 |
Consumer Price Inflation in urban areas 2/ | 8.7 | 6.9 | 10.1 | 10.9 | 10.2 |
Producer Price Inflation 3/ | 7.5 | 0.7 | 6.5 | -1.8 | -1.4 |
Discount Rate 5/ | 9.5 | 10.25 | 8.75 | 9.3 | 10.6 |
T-bills Rate (91 days) | 13.4 | 13.4 | 10.9 | 11.4 | 11.8 |
3-Months Deposits 4/ | 7.3 | 7.8 | 7.2 | 7 | 7.4 |
Overnight Interbank Rate5/ | 9.4 | 9.5 | 8.8 | 9.1 | 9.7 |
Exchange Rate (LE /Dollars) | 6 | 6.45 | 6.97 | 7.42 | 8.15 |
Table # 3 | ||||||||
2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | 2016/17 | July-Dec | |
Fiscal Sector 4/ | ||||||||
i. Budget Sector (LE Millions) 5/ | ||||||||
Total Revenues | 265,286 | 303,622 | 350,322 | 456,788 | 465,241 | 491,488 | 669,756 | 219,848 |
Total Expenditure | 401,866 | 470,992 | 588,188 | 701,514 | 733,350 | 817,844 | 974,794 | 389,622 |
Primary Deficit 6/ | 49,383 | 62,264 | 92,724 | 82,289 | 86,422 | 95,860 | 26,940 | 39,287 |
Cash Deficit 7/ | 136,580 | 167,370 | 237,865 | 244,727 | 268,109 | 326,356 | 305,038 | 169,774 |
Overall Deficit | 134,460 | 166,705 | 239,719 | 255,439 | 279,430 | 339,495 | 319,460 | 174,569 |
ii. Budget Sector 5/ (% change) | ||||||||
Total Revenues | -1.1 | 14.5 | 15.4 | 30.4 | 1.9 | 5.6 | 7.6 | 14.4 |
Tax Revenues | 12.7 | 8 | 21.1 | 3.7 | 17.5 | 15.2 | 2.6 | 12 |
Non Tax Revenues | -25 | 31.4 | 3.1 | 98.1 | -18.9 1/ | -12.6 1/ | 18.3 | 20.4 |
Total Expenditure | 9.8 | 17.2 | 24.9 | 19.3 | 4.5 | 11.5 | 12.7 | 9.9 |
Compensation of Employees | 12.8 | 27.6 | 16.4 | 24.9 | 11.1 | 7.7 | 4.9 | -2.4 |
Interest Payments | 17.6 | 22.8 | 40.7 | 17.8 | 11.5 | 26.2 | 19.9 | 18.7 |
iii - Consolidated General Government (LE Millions) 8/ | ||||||||
Total Revenues | 302,010 | 348,864 | 403,637 | 519,449 | 538,378 | 538,378 | -- | -- |
Total Expenditure | 440,411 | 516,422 | 644,080 | 759,847 | 805,929 | 805,929 | -- | -- |
Overall Deficit | 134,138 | 165,692 | 246,853 | 254,716 | 284,314 | 284,314 | -- | -- |
iv - As Percent of GDP 9/ | ||||||||
Budget Sector 5/ | ||||||||
Total Revenues (of which): | 19.3 | 18.1 | 18.8 | 21.4 | 19.0 | 18.1 | 20.6 | 6.8 |
Tax Revenues | 14 | 12.4 | 13.5 | 12.2 | 12.5 | 13.0 | 13.3 | 4.8 |
Non Tax Revenues | 5.3 | 5.7 | 5.3 | 9.2 | 6.5 | 5.1 | 7.3 | 2.0 |
Total Expenditure (of which): | 29.3 | 28.1 | 31.6 | 32.9 | 30.0 | 30.2 | 30.0 | 12.0 |
Compensation of Employees | 7 | 7.3 | 7.7 | 8.4 | 8.1 | 7.9 | 7.0 | 3.3 |
Interest Payments | 6.2 | 6.2 | 7.9 | 8.1 | 7.9 | 9.0 | 9.0 | 4.2 |
Primary Deficit 6/ | 3.6 | 3.7 | 5.0 | 3.9 | 3.5 | 3.5 | 0.8 | 1.2 |
Cash Deficit 7/ | 10 | 10 | 12.8 | 11.5 | 11.0 | 12.1 | 9.4 | 5.2 |
Overall Deficit | 9.8 | 10 | 12.9 | 12.0 | 11.4 | 12.5 | 9.8 | 5.4 |
General Government 8/ | ||||||||
Primary Deficit 6/ | 4.2 | 4.3 | 6.0 | 4.5 | 4.3 | -- | -- | -- |
Overall Deficit | 9.8 | 9.9 | 13.3 | 12.0 | 11.6 | -- | -- | -- |
Table # 4 (In Millions) | |||||
12-Jun | 13-Jun | 14-Jun | 15-Jun | 16-Jun | |
Gross Domestic Budget Sector Debt | 1,155,312 | 1,444,370 | 1,699,946 | 2,084,748 | 2,573,042 |
Budget Sector Deposits | -19.4 | -25 | -17.7 | -22.6 | -23.4 |
164,788 | 183,230 | 1,614,853 | 218,560 | 287,187 | |
Net Domestic Budget Sector Debt | -3.5 | -11.2 | -(11.9) | -35.3 | -31.4 |
990,524 | 1,261,140 | 1,538,461 | 1,866,188 | 2,285,855 | |
Gross Consolidated General Government | -22.6 | -27.3 | -22 | -21.3 | -22.5 |
Domestic Debt 4/ | 1,081,103 | 1,363,706 | 1,606,037 | 1,968,505 | 2,411,268 |
-21.6 | -26.1 | -17.8 | -22.6 | -22.5 | |
General Government Deposits | 173,341 | 191,431 | 171,697 | 233,054 | 321,924 |
-4.1 | -10.4 | -(10.3) | -35.7 | -38.1 | |
Net Consolidated General Government | |||||
Domestic Debt | 907,762 | 1,172,275 | 1,434,340 | 1,735,451 | 2,089,344 |
-25.7 | -29.1 | -22.4 | -21 | -20.4 | |
Gross Consolidated Public Domestic Debt 5/ | 1,122,187 | 1,410,663 | 1,656,948 | 1,993,263 | 2,480,926 |
-20.4 | -25.7 | -17.5 | -20.3 | -24.5 | |
Public Sector Deposits 6/ | 198,067 | 221,436 | 208,279 | 286,181 | 400,282 |
-19 | -11.8 | -(5.9) | -37.4 | -39.9 | |
Net Consolidated Public Domestic Debt | 924,120 | 1,189,227 | 1,448,669 | 1,707,082 | 2,080,644 |
7/ | -24.7 | -28.7 | -21.8 | -17.8 | -21.9 |
Total Government Debt (Domestic and External) | 1,308,391 | 1,641,502 | 1,904,810 | 2,275,840 | 2,785,013 |
-16.2 | -25.5 | -16 | -19.5 | -22.4 | |
G. Gross External Debt (CBE classification) (In Million US$, End of Period Stock) | 34,385 | 43,233 | 46,067 | 48,063 | 55,764 |
Gross External Government Debt | 25,594 | 28,490 | 29,054 | 25,707 | 24,437 |
Gross External Non-Government Debt | 8,790 | 14,744 | 17,013 | 22,356 | 31,328 |
H.Government Debt Service(LE Millions,Flows) | |||||
Total Debt Service | 140,916 | 218,257 | 280,697 | 429,474 | 493,779 |
Domestic Debt Service | 122,322 | 203,173 | 262,084 | 392,063 | 450,573 |
Foreign Debt Service 9/ | 18,594 | 15,084 | 18,613 | 37,412 | 43,206 |
Memorandum Items: (As Percent of GDP) | |||||
Gross Domestic Budget Sector Debt | 69.00% | 77.60% | 79.80% | 85.30% | 95.00% |
Net Domestic Budget Sector Debt | 59.10% | 67.80% | 72.20% | 76.40% | 84.40% |
Gross Consolidated General Government Domestic Debit | 64.60% | 73.30% | 75.40% | 80.50% | 89.00% |
Net Consolidated General Government Domestic Debit | 54.20% | 63.00% | 67.30% | 71.00% | 77.10% |
Gross Consolidated Public Domestic Debt | 67.00% | 75.80% | 77.80% | 81.60% | 91.60% |
Net Consolidated Public Domestic Debt | 55.20% | 63.90% | 68.00% | 69.90% | 76.80% |
Total Government Debt (Domestic and External) 7/ | 78.10% | 88.20% | 89.40% | 93.10% | 102.80% |
Gross External Debt | 12.40% | 16.30% | 15.50% | 15.00% | 18.30% |
Gross External Government Debt | 9.20% | 10.70% | 9.70% | 8.00% | 8.00% |
Table # 5 | |||||
2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | |
K. External Sector | |||||
(In US$ Millions) | |||||
Current Account Receipts | 64,352 | 68,477 | 74,022 | 66,146 | 52,066 |
Current Account Payments | 74,498 | 74,868 | 76,802 | 78,288 | 70,725 |
Trade Balance | -34,139 | -30,695 | -34,159 | -39,060 | -37,606 |
Services Balance # | 12,064 | 12,446 | 8,274 | 10,743 | 6,533 |
Current Account Balance | -10,146 | -6,390 | -2,780 | -12,143 | -18,659 |
Capital and Financial Account Net Flows | 1,023 | 9,773 | 5,190 | 17,929 | 19,852 |
Overall Balance | -11,278 | 237 | 1,479 | 3,725 | -2,813 |
Net International Reserves 1/ | 15,534 | 14,936 | 16,687 | 20,082 | 17,546 |
(In Percent of GDP) 2/ | |||||
Current Account Receipts | 23 | 23.7 | 24.2 | 19.9 | 15.9 |
Current Account Payments | 26.7 | 25.9 | 25.1 | 23.5 | 21.6 |
Trade Balance | -12.2 | -10.6 | -11.2 | -11.7 | -11.5 |
Services Balance # | 4.3 | 4.3 | 2.7 | 3.2 | 2 |
Current Account Balance | -3.6 | -2.2 | -0.9 | -3.6 | -5.7 |
Overall Balance | -4 | 0.1 | 0.5 | 1.1 | -0.9 |
(In Percent of Current Account Receipts) 3/ | |||||
Non -Oil Exports | 21.7 | 20.6 | 22 | 21 | 25.1 |
Oil-Exports | 17.6 | 19.3 | 19.9 | 14 | 10.9 |
Tourism | 14.8 | 14.4 | 8.2 | 11.6 | 7.3 |
Private Transfers | 27.9 | 27.2 | 29.7 | 30.3 | 32.3 |
Other Indicators (%): | |||||
Commodity Exports / Commodity | 42.3 | 46.8 | 43.2 | 36.3 | 33.2 |
Imports | |||||
Services Receipts / Service Payments | 241 | 230 | 190 | 197 | 168 |
NIR Import Coverage 4/ | 3.1 | 3.1 | 3.3 | 3.9 | 3.7 |
NIR to Foreign Debt (%) 5/ | 45.2 | 34.6 | 36.2 | 41.8 | 31.6 |
2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | |
GDP | 1,309,906 | 1,713,146 | 1,924,808 | 2,205,594 | 2,473,100 | 2,673,300 |
-13.8 | -- | -12.4 | -14.6 | -12.1 | -8.1 | |
Total Commodity Sector | 682,156 | 846,127 | 951,805 | 1,091,157 | 1,173,665 | 1,198,239 |
-15.2 | 0.0 | -12.5 | -14.6 | -7.6 | -2.1 | |
Agriculture, Forestry and Fishing | 190,159 | 188,785 | 209,748 | 241,493 | 278,460 | 318,878 |
Extractive Industry | 195,136 | 278,234 | 309,074 | 350,659 | 314,139 | 214,842 |
Petroleum | 81,566 | 110,619 | 124,748 | 146,953 | 137,711 | 91,440 |
Natural Gas | 108,206 | 145,040 | 159,339 | 175,371 | 144,427 | 86,801 |
-16.9 | -- | -9.9 | -10.1 | -(17.6) | -(39.9) | |
Other | 5,364 | 22,575 | 24,987 | 28,336 | 32,000 | 36,600 |
Manufacturing Industry | 216,184 | 270,723 | 308,982 | 357,296 | 408,069 | 456,299 |
Petroleum Refinement | 14,829 | 69,961 | 82,792 | 95,446 | 102,274 | 113,909 |
Other | 201,355 | 200,762 | 226,190 | 261,849 | 305,795 | 342,390 |
Electricity | 16,832 | 27,109 | 30,173 | 33,974 | 39,216 | 46,422 |
Water | 3,775 | 10,329 | 11,353 | 12,602 | 14,247 | 16,349 |
Construction and Building | 60,070 | 70,947 | 82,475 | 95,133 | 119,535 | 145,450 |
-14.2 | -- | -16.2 | -15.3 | -25.7 | -21.7 | |
Total Production Services | 404,837 | 478,890 | 530,570 | 592,963 | 687,991 | 773,598 |
-11.1 | -- | -10.8 | -11.8 | -16 | -12.4 | |
Transport and Warehousing | 53,351 | 69,629 | 78,358 | 91,130 | 107,473 | 125,908 |
Telecommunications | 37,301 | 42,468 | 43,002 | 46,433 | 48,886 | 52,890 |
Suez Canal | 29,311 | 31,203 | 32,396 | 37,236 | 39,403 | 41,215 |
-13.6 | -- | -3.8 | -14.9 | -5.8 | -4.6 | |
Wholesale and Retail Trade | 150,658 | 213,293 | 237,390 | 273,391 | 319,967 | 374,745 |
Financial Intermediation | 44,834 | 64,321 | 71,615 | 82,157 | 94,611 | 108,812 |
Insurance and Social Insurance | 47,627 | 12,302 | 13,981 | 16,055 | 18,774 | 21,615 |
Tourism (Hotels and Restaurants) | 41,755 | 45,675 | 53,827 | 46,561 | 58,877 | 48,414 |
-4.3 | --- | -17.8 | -(13.5) | -26.5 | -(17.8) | |
Total Social Services | 222,912 | 388,129 | 442,433 | 521,474 | 611,444 | 701,463 |
-14.8 | -- | -14 | -17.9 | -17.3 | -14.7 | |
Real Estate | 34,066 | 153,042 | 174,151 | 200,679 | 237,149 | 279,914 |
General Government | 133,688 | 150,521 | 174,234 | 213,144 | 249,288 | 276,488 |
Education | 14,558 | 29,373 | 32,486 | 37,424 | 43,518 | 50,519 |
Health | 16,595 | 36,842 | 40,875 | 46,451 | 54,194 | 62,816 |
Other Services | 24,005 | 18,352 | 20,687 | 23,777 | 27,296 | 31,726 |
Government |
Economic Authorities |
Public Sector |
Private Sector |
Total |
% to Total Investment |
|
Total Investments | 68705 | 62910 | 33129 | 227295 | 392039 | 100 |
Commodity Sector | 9931 | 4514 | 27608 | 117525 | 159579 | 40.7 |
Agriculture, Irrigation & Fishing | 5120 | 131 | 0.4 | 11240 | 16491 | 4.2 |
Crude Oil, Mining & Natural Gas 2/ | 0 | 18 | 4483 | 56004 | 60504 | 15.4 |
Manufacturing Industries & Petroleum Products | 205 | 18 | 6585 | 42000 | 48808 | 12.4 |
Electricity & Water | 4246 | 4345 | 12227 | 1281 | 22099 | 5.6 |
Construction & Building | 360 | 2 | 4314 | 7000 | 11676 | 3 |
Production Services | 18685 | 36687 | 5367 | 57600 | 118338 | 30.2 |
Transportation & Communication 3/ | 18645 | 36625 | 4837 | 37000 | 97108 | 24.8 |
Wholesale & Retail Trade | 0 | 30 | 377 | 15000 | 15407 | 3.9 |
Financial Services, Insurance & Social Solidarity | 24 | 11 | 3 | - | 38 | 0.01 |
Tourism | 15 | 20 | 150 | 5600 | 5785 | 1.5 |
Social Services | 40090 | 21709 | 153 | 52170 | 114122 | 29.1 |
Housing & Real Estate Activities Educational Services | 4362 | 361 | -- | 34300 | 39023 | 10 |
Educational Services | 6984 | 339 | 5100 | 12423 | 3.2 | |
Health Services | 3861 | 253 | - | 4100 | 8214 | 2.1 |
Other Services 4/ | 24883 | 20756 | 153 | 8670 | 54463 | 13.9 |
Annual Inflation In Domestic Price Indices Back to Top of Page
2014 | 2015 | 2016 | ||||||||||
CPI | CPI | CPI | ||||||||||
Urban | Overall Egypt | Core | PPI | Urban | Overall Egypt | Core | PPI | Urban | Overall Egypt | Core | PPI | |
January | 11.4 | 12.2 | 11.7 | 8.7 | 9.7 | 9.4 | 7.1 | -5.3 | 10.1 | 10.7 | 7.73 | 0.5 |
February | 9.8 | 10.2 | 9.7 | 6.2 | 10.6 | 10.7 | 7.15 | -2.7 | 9.1 | 9.5 | 7.5 | -1.3 |
March | 9.8 | 10.2 | 9.9 | 7.6 | 11.5 | 11.8 | 7.21 | -3.3 | 9 | 9.2 | 8.41 | 0.6 |
April | 8.9 | 9.1 | 9.1 | 5.6 | 11 | 11 | 7.19 | -2.4 | 10.3 | 10.9 | 9.51 | 1.1 |
May | 8.2 | 8.3 | 8.9 | 6.4 | 13.1 | 13.5 | 8.14 | -0.3 | 12.3 | 12.9 | 12.23 | 1.5 |
June | 8.2 | 8.2 | 8.8 | 4.3 | 11.4 | 11.5 | 8.07 | -2.3 | 14 | 14.8 | 12.37 | 5.7 |
July | 11 | 11.1 | 9.6 | 5.7 | 8.4 | 8.3 | 6.49 | -6.6 | 14 | 14.8 | 12.31 | 7.2 |
August | 11.5 | 11.4 | 10.1 | 4.4 | 7.9 | 7.9 | 5.61 | -6.6 | 15.5 | 16.4 | 13.25 | 11.2 |
September | 11.1 | 11.1 | 9.1 | 4 | 9.2 | 9.4 | 5.55 | -3.9 | 14.1 | 14.6 | 13.94 | 9.2 |
October | 11.8 | 11.5 | 8.5 | 2.7 | 9.7 | 10.3 | 6.26 | -2 | 13.6 | 14 | 15.72 | 11.9 |
November | 9.1 | 8.5 | 7.8 | 0.3 | 11.1 | 11.8 | 7.44 | -1.9 | 19.4 | 20.2 | 20.73 | 21 |
December | 10.1 | 9.8 | 7.7 | -3.2 | 11.1 | 11.9 | 7.23 | 0.2 | 23.3 | 24.3 | 25.9 |
Domestic Market | International Markets | ||||
(LE / currency units) 1/ | (US $ / currency units) | ||||
US | Sterling | Euro | Euro | Sterling | |
Yearly Averages 2/ | |||||
2006 | 5.733 | 10.648 | 7.255 | 1.256 | 1.843 |
2007 | 5.636 | 11.448 | 7.836 | 1.37 | 2.002 |
2008 | 5.431 | 10.186 | 8.078 | 1.471 | 1.855 |
2009 | 5.542 | 8.764 | 7.804 | 1.394 | 1.565 |
2010 | 5.622 | 8.783 | 7.541 | 1.329 | 1.546 |
2011 | 5.933 | 9.535 | 8.277 | 1.393 | 1.604 |
2012 | 6.056 | 9.614 | 7.801 | 1.286 | 1.585 |
2013 | 6.869 | 10.749 | 9.126 | 1.328 | 1.564 |
2014 | 7.079 | 11.672 | 9.413 | 1.329 | 1.648 |
2015 | 7.693 | 11.785 | 8.558 | 1.119 | 1.529 |
Sep-16 | 8.88 | 11.674 | 9.95 | 1.121 | 1.315 |
Oct-16 | 8.862 | 10.956 | 9.78 | 1.104 | 1.236 |
Nov-16 | 15.874 | 19.762 | 17.111 | 1.08 | 1.245 |
Dec-16 | 18.403 | 22.967 | 19.388 | 1.054 | 1.248 |
(In Millions) | Budget | Actuals | |||||||
2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | 2015/16 | 2016/17 | ||
Pre-Actual | Pre-Actual | July - dec | July - dec | ||||||
Total Revenues | 669,756 | 265,286 | 303,622 | 350,322 | 456,788 | 465,241 | 491,488 | 192,168 | 219,848 |
Tax Revenues | 433,300 | 192,072 | 207,410 | 251,119 | 260,289 | 305,957 | 352,315 | 137,948 | 154,563 |
Income Tax | 150,465 | 89,593 | 91,245 | 117,762 | 120,925 | 129,818 | 144,743 | 45,745 | 49,645 |
Property Taxes | 36,341 | 9,452 | 13,089 | 16,453 | 18,761 | 21,107 | 27,990 | 12,119 | 16,255 |
Taxes on Goods and Services | 201,178 | 76,068 | 84,594 | 92,924 | 91,867 | 122,930 | 140,525 | 64,637 | 73,901 |
Taxes on International Trade | 29,548 | 13,858 | 14,788 | 16,771 | 17,673 | 21,867 | 28,091 | 11,254 | 10,569 |
Other Taxes | 15,768 | 3,102 | 3,694 | 7,208 | 11,062 | 10,235 5/ | 10,966 | 4,194 | 4,194 |
Non-Tax Revenue | 236,456 | 73,214 | 96,212 | 99,203 | 196,499 | 159,284 | 139,173 | 54,220 | 65,284 |
Grants | 2,213 | 2,287 | 10,104 | 5,208 | 95,856 | 25,437 | 3,543 | 2,684 | 299 |
From Foreign Governments | 1,288 | 924 | 9,339 | 4,820 | 95,497 | 24,942 | 3,236 | 2,644 | 163 |
From International Organizations | 597 | 392 | 95 | 112 | 150 | 302 | 169 | 14 | 69 |
Other | 328 | 971 | 670 | 275 | 210 | 194 | 137 | 26 | 67 |
Other Revenues | 234,242 | 70,927 | 86,108 | 93,996 | 100,642 | 133,847 | 135,630 | 51,536 | 64,986 |
Property Income | 99,309 | 41,188 | 55,979 | 56,494 | 56,990 | 81,463 | 69,452 | 33,817 | 44,827 |
Proceeds from Sales of Goods and Services | 30,643 | 17,405 | 17,819 | 22,733 | 28,499 | 26,457 | 29,052 | 9,777 | 12,147 |
Fines, Penalties and Forfeits | 914 | 640 | 519 | 479 | 546 | 842 | 1,381 | 401 | 1,217 |
Voluntary Transfers | 771 | 916 | 673 | 612 | 1,061 | 901 | 1,455 | 182 | 256 |
Miscellaneous Revenues | 102,604 | 10,779 | 11,118 | 13,677 | 13,547 | 24,184 | 34,290 | 7,360 | 6,538 |
Total Expenditures | 974,794 | 401,866 | 470,992 | 588,188 | 701,514 | 733,350 | 817,844 | 354,557 | 389,622 |
Compensation of Employees | 228,736 | 96,271 | 122,818 | 142,956 | 178,589 | 198,468 | 213,721 | 110,236 | 107,561 |
Purchases of Goods and Services | 42,302 | 26,148 | 26,826 | 26,652 | 27,247 | 31,276 | 35,662 | 12,988 | 15,978 |
Interest Payments | 292,520 | 85,077 | 104,441 | 146,995 | 173,150 | 193,008 | 243,635 | 114,003 | 135,282 |
Subsidies, Grants and Social benefits | 206,424 | 123,125 | 150,193 | 197,093 | 228,579 | 198,569 | 201,024 | 71,448 | 74,524 |
Other Expenditures | 58,100 | 31,364 | 30,796 | 34,975 | 41,068 | 50,279 | 54,551 | 24,804 | 29,129 |
Purchases of Non-Financial assets | 146,711 | 39,881 | 35,918 | 39,516 | 52,882 | 61,750 | 69,250 | 21,079 | 27,149 |
Total Cash Deficit 6/ | 305,038 | 136,580 | 167,370 | 237,865 | 244,727 | 268,109 | 326,356 | 162,389 | 169,774 |
Net Acquisition of Financial assets | 14,422 | -2,120 | -665 | 1,854 | 10,713 | 11,321 | 13,139 | 10,074 | 4,794 |
Overall Fiscal Deficit | 319,460 | 134,460 | 166,705 | 239,719 | 255,439 | 279,430 | 339,495 | 172,463 | 174,569 |
Memorandum items: | |||||||||
Overall Deficit/ GDP (%) 7/ | 9.8 | 9.8 | 10 | 12.9 | 12 | 11.4 | 12.5 | 6.4 | 5.4 |
Primary Deficit / GDP (%) 7/ | 0.8 | 3.6 | 3.7 | 5 | 3.9 | 3.5 | 3.5 | 2.2 | 1.2 |
Revenues/ GDP (%) 7/ | 20.6 | 19.3 | 18.1 | 18.8 | 21.4 | 19 | 18.1 | 7.1 | 6.8 |
Expenditure/ GDP (%) 7/ | 30 | 29.3 | 28.1 | 31.6 | 32.9 | 30 | 30.2 | 13.1 | 12 |
In Millions | Jun-12 | Jun-13 | Jun-14 | Jun-15 | Jun-16 |
Gross Domestic Budget Sector Debt | 1,155,312 | 1,444,370 | 1,699,946 | 2,084,748 | 2,573,042 |
Ministry of Finance Securities | 1,078,350 | 1,270,710 | 1,481,103 | 1,718,425 | 2,281,954 |
Treasury bills 2/ | 408,602 | 483,265 | 534,670 | 596,196 | 815,995 |
Bills Reverse Repo | - | - | - | - | - |
Treasury bonds | 270,567 | 315,478 | 436,510 | 590,993 | 735,307 |
Treasury bonds and notes issued to Misr and El Ahly | |||||
Banks | - | - | 21,390 | 22,560 | 26,310 |
Treasury bonds and notes issued to CBE | 162,471 | 222,470 | 222,470 | 222,470 | 371,470 |
Revaluation bonds | 16,360 | 16,360 | 17,860 | 17,860 | 19,360 |
Commercial Banks recapitalization bonds | 4,000 | - | - | - | - |
GASC bonds | - | - | - | - | - |
Bank restructuring bonds | - | - | - | - | - |
Insurance notes | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
Eurobonds (held domestically) 3/ | 4,027 | 6,961 | 8,422 | 8,315 | 9,957 |
Egyptian Notes Issued Abroad and Purchased | |||||
Domestically | 4,279 | - | - | - | - |
Housing bonds | 111 | 106 | 101 | 92 | 62 |
The 5 % Government bonds | 1,905 | 1,998 | 2,052 | 2,124 | 2,199 |
Barwa Bonds | - | 2,565 | 1,924 | 1,283 | 641 |
SIF Bonds 4/ | 204,028 | 219,507 | 233,704 | 254,532 | 298,653 |
Facilities from SIF 5/ | 1,725 | 1,225 | 1,225 | 450 | 250 |
Borrowing from Other Sources | 13,036 | 25,348 | 15,686 | 5,640 | - |
Budget Sector Bank Loans | 62,201 | 147,087 | 201,932 | 360,233 | 290,838 |
Of Which Economic Authorities' Deposits in TSA | 11,781 | 11,982 | 15,557 | 61,732 | 39,343 |
Budget Sector Deposits | 164,788 | 183,230 | 161,485 | 218,560 | 287,187 |
Net Domestic Budget Sector Debt | 990,524 | 1,261,140 | 1,538,461 | 1,866,188 | 2,285,855 |
US$ Million | Jun-10 | Jun-11 | Jun-12 | Jun-13 | Jun-14 | Jun-15 | Jun-16 | Sep-16 |
Gross External Debt | 33,694 | 34,906 | 34,385 | 43,233 | 46,067 | 48,063 | 55,764 | 60,153 |
-6.9 | -3.6 | -(1.5) | -25.7 | -6.6 | -4.3 | -16 | -30.3 | |
Gross External Government Debt | 26,249 | 27,092 | 25,594 | 28,490 | 29,054 | 25,707 | 24,437 | 24,217 |
-1.7 | -3.2 | -(5.5) | -11.3 | -2 | -(11.5) | -(4.9) | -1.6 | |
Bonds and Notes | 3,080 | 2,821 | 2,901 | 5,159 | 6,085 | 4,938 | 3,493 | 2,660 |
Loans | 23,170 | 24,271 | 22,694 | 23,331 | 22,969 | 20,770 | 20,944 | 21,556 |
Gross External Non- Government Debt | 7,445 | 7,814 | 8,790 | 14,744 | 17,013 | 22,356 | 31,328 | 35,936 |
-30.3 | -5 | -12.5 | -67.7 | -15.4 | -31.4 | -40.1 | -61.1 | |
Monetary Authorities | 1,260 | 1,500 | 2,612 | 9,064 | 11,005 | 16,318 | 22,174 | 25,621 |
Banks | 1,964 | 1,725 | 1,624 | 1,600 | 1,544 | 2,387 | 3,963 | 4,106 |
Other Sectors | 4,221 | 4,589 | 4,554 | 4,080 | 4,464 | 3,651 | 5,191 | 6,209 |
Memorandum Items: 4/ | ||||||||
Gross External Debt / GDP | 15.9 | 15.2 | 12.4 | 16.3 | 15.5 | 15 | 18.3 | 16.3 |
Gross External Government Debt/GDP 4/ 4/ | 12.4 | 11.8 | 9.2 | 10.7 | 9.7 | 8 | 8 | 6.6 |
Non Government Debt / GDP | 3.5 | 3.4 | 3.2 | 5.6 | 5.7 | 7 | 10.3 | 9.7 |
Gross External Debt / Exports of Goods and Services | 71 | 71.4 | 74.8 | 87.9 | 105.5 | 108.6 | 158.5 | 666.5 |
Non Government Debt / Total External Debt | 22.1 | 22.4 | 25.6 | 34.1 | 36.9 | 46.5 | 56.2 | 59.7 |
Short Term Debt / Total External Debt | 8.8 | 7.9 | 8.5 | 16.3 | 7.9 | 5.4 | 12.6 | 13.2 |
Short term Debt / Net International Reserves | 8.4 | 10.4 | 18.7 | 47.2 | 21.9 | 12.8 | 40 | 40.7 |
Private Sector Debt / Total External Debt | 0.2 | 0.1 | 0.15 | 0.04 | 0.02 | 0.05 | 0.35 | 0.23 |
External Debt Service / Current Account Receipts | 4.5 | 4.5 | 4.5 | 4.5 | 4.3 | 8.5 | 9.9 | 19.8 |
External Debt Service / Exports of Goods and Services | 5.5 | 5.7 | 6.3 | 6.3 | 7.3 | 12.7 | 14.7 | 27.2 |
External Debt per Captia (US$) | 399.2 | 413.6 | 387.7 | 475.3 | 506.4 | 513.5 | 573.1 | 618.2 |
US$ Million | 2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 |
Trade Balance 1/ | -27,103 | -34,130 | -30,695 | -34,159 | -39,060 | -37,606 |
Export Proceeds | 26,993 | 25,072 | 26,988 | 26,023 | 22,245 | 18,705 |
Petroleum | 12,136 | 11,225 | 13,023 | 12,365 | 8,892 | 5,674 |
Non Oil Exports | 14,857 | 13,847 | 13,965 | 13,667 | 13,353 | 13,030 |
Import Payments | -54,096 | -59,211 | -57,683 | -60,182 | -61,306 | -56,311 |
Petroleum | -9,262 | -11,775 | -12,124 | -13,247 | -12,366 | -9,294 |
Non Oil Imports | -44,834 | -47,436 | -45,559 | -46,935 | -48,939 | -47,017 |
Services (net) # | 13,928 | 12,064 | 12,446 | 8,274 | 10,743 | 6,533 |
Receipts | 21,454 | 20,626 | 22,027 | 17,437 | 21,812 | 16,079 |
Transportation | 8,059 | 8,585 | 9,188 | 9,466 | 9,850 | 9,535 |
of which : Suez Canal | 5,035 | 5,208 | 5,032 | 5,369 | 5,362 | 5,122 |
Travel | 10,589 | 9,419 | 9,752 | 5,073 | 7,370 | 3,768 |
Government Services | 118 | 276 | 438 | 654 | 1,382 | 378 |
Other Receipts | 2,679 | 2,346 | 2,650 | 2,244 | 3,210 | 2,399 |
Payments | 7,526 | 7,562 | 9,581 | 9,163 | 11,069 | 9,546 |
Transportation | 1,385 | 1,375 | 1,659 | 1,717 | 1,535 | 1,339 |
Travel | 2,133 | 2,498 | 2,929 | 3,053 | 3,338 | 4,091 |
of which : Interest Paid | 554 | 535 | 755 | 653 | 644 | 752 |
Government Expenditures | 1,106 | 1,152 | 1,244 | 1,074 | 854 | 777 |
Other Payments | 2,922 | 3,538 | 3,750 | 3,237 | 5,342 | 3,339 |
Investment Income (Net) | -6,050 | -6,479 | -7,406 | -7,263 | -5,701 | -4,471 |
Investment Income Recepits | 419 | 246 | 198 | 194 | 213 | 397 |
Investment Income Payments | 6,468 | 6,726 | 7,604 | 7,457 | 5,914 | 4,868 |
Goods & Services (Net) | -13,175 | -22,075 | -18,249 | -25,885 | -28,318 | -31,073 |
Transfers (Net) | 13,137 | 18,408 | 19,265 | 30,368 | 21,876 | 16,885 |
Official (net) | 753 | 632 | 836 | 11,920 | 2,670 | 102 |
Private (net) | 12,834 | 17,776 | 18,249 | 18,448 | 19,205 | 16,784 |
Current Account | -6,088 | -10,146 | -6,390 | -2,780 | -12,143 | -18,659 |
(Based on United Nations Broad Economic Category Classification)
US$ Million | 2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | |
Total Exports | 159,939 | 160,549 | 175,935 | 185,220 | 178,272 | |
-11.8 | -0.4 | -9.6 | -5.3 | -(3.8) | ||
111 | Primary Foodstuffs ( for Industry) | 668 | 577 | 303 | 3,480 | 972 |
112 | Primary Foodstuffs (for consumption) | 7,712 | 8,284 | 7,781 | 12,116 | 15,146 |
121 | Manufactured Foodstuffs (for Industry) | 1,680 | 1,443 | 1,672 | 4,434 | 2,255 |
122 | Manufactured Foodstuffs (for consumption) | 7,874 | 6,768 | 5,511 | 9,013 | 13,191 |
21 | Primary Industrial Inputs | 5,520 | 6,404 | 12,538 | 5,944 | 6,131 |
22 | Primary Manufactured Inputs | 61,687 | 63,644 | 60,878 | 64,012 | 67,485 |
31 | Fuel and oil (crude) | 28,601 | 34,279 | 41,984 | 26,155 | 16,831 |
32 | Manufactured Fuels, Oil (Other) | 18,668 | 16,940 | 19,400 | 10,256 | 9,282 |
41 | Capital goods, except transport equipment | 1,619 | 1,228 | 1,451 | 3,541 | 3,693 |
42 | Spare parts and accessories for capital goods | 963 | 946 | 1,496 | 1,059 | 1,585 |
51 | Passenger motor cars | 415 | 346 | 806 | 75 | 90 |
52 | Motor cars (other) | 975 | 956 | 813 | 4,132 | 6,548 |
53 | Spare parts and accessories for transportation | 1,770 | 904 | 1,026 | 1,696 | 1,325 |
61 | Durable consumption goods | 4,720 | 3,521 | 3,183 | 15,865 | 12,825 |
62 | Semi-durable consumption goods | 8,494 | 8,476 | 10,307 | 12,302 | 11,030 |
63 | Non-Durable consumption goods | 8,530 | 5,587 | 5,613 | 10,943 | 9,735 |
7 | Other Commodities | 42 | 247 | 1,173 | 196 | 149 |
2011/12 | 2012/13 | 2013/14 | 2014/15 | 2015/16 | ||
Total Imports | 362,889 | 427,993 | 446,187 | 455,776 | 584,025 | |
-11 | -17.9 | -4.3 | -2.1 | -28.1 | ||
111 | Primary Foodstuffs ( for Industry) | 29,286 | 31,679 | 24,978 | 26,555 | 29,133 |
112 | Primary Foodstuffs (for consumption) | 9,010 | 10,331 | 11,388 | 11,611 | 14,274 |
121 | Manufactured Foodstuffs (for Industry) | 26,425 | 12,411 | 7,549 | 10,071 | 16,115 |
122 | Manufactured Foodstuffs (for consumption) | 19,423 | 18,759 | 15,681 | 24,320 | 31,981 |
21 | Primary Industrial Inputs | 33,883 | 31,647 | 26,552 | 25,895 | 28,015 |
22 | Primary Manufactured Inputs | 125,256 | 138,555 | 135,699 | 153,799 | 191,779 |
31 | Fuel and oil (crude) | 7,205 | 23,214 | 48,731 | 18,002 | 11,501 |
32 | Manufactured Fuels, Oil (Other) | 19,121 | 31,995 | 42,083 | 27,308 | 58,636 |
41 | Capital goods, except transport equipment | 27,051 | 42,527 | 45,845 | 50,316 | 60,875 |
42 | Spare parts and accessories for capital goods | 16,209 | 20,403 | 22,179 | 24,332 | 27,888 |
51 | Passenger motor cars | 7,316 | 9,098 | 7,408 | 16,794 | 25,407 |
52 | Motor cars (other) | 7,047 | 8,480 | 7,083 | 9,991 | 16,922 |
53 | Spare parts and accessories for transportation | 13,323 | 16,784 | 16,320 | 17,586 | 22,419 |
61 | Durable consumption goods | 4,001 | 6,091 | 6,538 | 6,761 | 7,401 |
62 | Semi-durable consumption goods | 5,944 | 8,604 | 7,562 | 10,916 | 15,300 |
63 | Non-Durable consumption goods | 12,256 | 17,342 | 20,525 | 20,947 | 25,458 |
7 | Other Commodities | 133 | 75 | 68 | 571 | 923 |