According to the International Monetary Fund (IMF), real GDP of Egypt is forecast to grow by 5.0 percent in 2023 and 5.5 percent in 2024.
1) Real GDP growth rate: 2010 – 5.1 percent, 2011 – 1.8 percent, 2012 – 2.2 percent, 2013 – 3.3 percent, 2014 – 2.9 percent, 2015 – 4.4 percent, 2016 – 4.3 percent, 2017 – 4.1 percent, 2018 – 5.3 percent, 2019 – 5.6 percent, 2020 – 3.6 percent, 2021 – 3.3 percent and 2022 – 5.9 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2023 – 5.0 percent, 2024 – 5.5 percent, 2025 – 5.8 percent, 2026 – 5.8 percent and 2027 – 5.9 percent.
3) Nominal GDP in current prices, billions of Egyptian pound (code: EGP; sign: LE): 2010 – LE1,268.711 billion, 2011 – LE1,441.678 billion, 2012 – LE1,674.700 billion, 2013 – LE1,860.400 billion, 2014 – LE2,130.000 billion, 2015 – LE2,443.900 billion, 2016 – LE2,709.400 billion, 2017 – LE3,470.000 billion, 2018 – LE4,437.400 billion, 2019 – LE5,322.100 billion, 2020 – LE5,855.000 billion, 2021 – LE6,341.000 billion and 2022 – LE7,271.284 billion.
4) Projected nominal GDP in current prices, billions of Egyptian pound: 2023 – LE8,496.465 billion, 2024 – LE9,647.938 billion, 2025 – LE10,968.995 billion, 2026 – LE12,482.409 billion and 2027 – LE14,217.636 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $230.024 billion, 2011 – $247.726 billion, 2012 – $278.769 billion, 2013 – $288.007 billion, 2014 – $305.567 billion, 2015 – $332.075 billion, 2016 – $332.484 billion, 2017 – $236.528 billion, 2018 – $250.253 billion, 2019 – $302.335 billion, 2020 – $364.023 billion, 2021 – $402.838 billion and 2022 – $435.621 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2023 – $450.361 billion, 2024 – $488.995 billion, 2025 – $535.846 billion, 2026 – $584.916 billion and 2027 – $638.145 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $828.753 billion, 2011 – $860.900 billion, 2012 – $958.660 billion, 2013 – $992.022 billion, 2014 – $985.262 billion, 2015 – $1,064.236 billion, 2016 – $1,057.087 billion, 2017 – $1,062.266 billion, 2018 – $1,145.440 billion, 2019 – $1,230.730 billion, 2020 – $1,290.024 billion, 2021 – $1,388.333 billion and 2022 – $1,562.377 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2023 – $1,690.489 billion, 2024 – $1,826.936 billion, 2025 – $1,971.823 billion, 2026 – $2,127.882 billion and 2027 – $2,298.238 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $2,922.8, 2011 – $3,077.3, 2012 – $3,379.0, 2013 – $3,404.3, 2014 – $3,520.4, 2015 – $3,731.2, 2016 – $3,653.7, 2017 – $2,484.5, 2018 – $2,577.3, 2019 – $3,057.0, 2020 – $3,618.5, 2021 – $3,925.8 and 2022 – $4,162.1.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2023 – $4,218.5, 2024 – $4,490.6, 2025 – $4,824.4, 2026 – $5,162.9 and 2027 – $5,522.3.
11) GDP PPP per capita in current prices, international dollars: 2010 – $10,530.5, 2011 – $10,694.4, 2012 – $11,620.1, 2013 – $11,726.0, 2014 – $11,350.9, 2015 – $11,957.7, 2016 – $11,616.3, 2017 – $11,158.3, 2018 – $11,796.5, 2019 – $12,444.2, 2020 – $12,823.3, 2021 – $13,529.9 and 2022 – $14,927.5.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2023 – $15,834.8, 2024 – $16,777.4, 2025 – $17,752.9, 2026 – $18,782.3 and 2027 – $19,888.2.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 0.9 percent, 2011 – 0.9 percent, 2012 – 1.0 percent, 2013 – 0.9 percent, 2014 – 0.9 percent, 2015 – 1.0 percent, 2016 – 0.9 percent, 2017 – 0.9 percent, 2018 – 0.9 percent, 2019 – 0.9 percent, 2020 – 1.0 percent, 2021 – 1.0 percent and 2022 – 1.0 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2023 – 1.0 percent, 2024 – 1.0 percent, 2025 – 1.0 percent, 2026 – 1.1 percent and 2027 – 1.1 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 110.1 percent, 2011 – 111.7 percent, 2012 – 113.6 percent, 2013 – 107.5 percent, 2014 – 111.2 percent, 2015 – 109.9 percent, 2016 – 106.2 percent, 2017 – 123.1 percent, 2018 – 121.4 percent, 2019 – 113.6 percent, 2020 – 106.2 percent, 2021 – 104.8 percent and 2022 – 108.3 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2023 – 111.2 percent, 2024 – 107.7 percent, 2025 – 107.5 percent, 2026 – 107.5 percent and 2027 – 107.6 percent.
19) Ratio of the average price level in Egypt to the average price level in the United States, percent: 2010 – 27.8 percent, 2011 – 28.8 percent, 2012 – 29.1 percent, 2013 – 29.0 percent, 2014 – 31.0 percent, 2015 – 31.2 percent, 2016 – 31.5 percent, 2017 – 22.3 percent, 2018 – 21.8 percent, 2019 – 24.6 percent, 2020 – 28.2 percent, 2021 – 29.0 percent and 2022 – 27.9 percent.
20) Projected ratio of the average price level in Egypt to the average price level in the United States, percent: 2023 – 26.6 percent, 2024 – 26.8 percent, 2025 – 27.2 percent, 2026 – 27.5 percent and 2027 – 27.8 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by