Egypt

Egypt - January 2021

Egypt performs similarly to other Middle Eastern countries on measures of growth, creditworthiness and business climate. But per capita incomes lag significantly. Beyond the COVID-19 pandemic, the economic outlook is supported by production and investment in extractive industries. Ongoing support from the IMF will facilitate continued economic and fiscal reforms that enhances the business environment and encourages investment.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars and is the five-year average between 2021 and 2025 as provided by the IMF. Annual GDP growth is the five-year average between 2021 and 2025. Business climate is measured by the World Bank’s latest Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other regional countries.