#EGYPT GDP GROWTH RATE

The Gross Domestic Product (GDP) in Egypt expanded 1.5 percent in the second quarter of 2013 over the same quarter of the previous year. GDP Growth Rate in Egypt is reported by the Central Bank of Egypt. From 1992 until 2013, Egypt GDP Growth Rate averaged 4.0 Percent reaching an all time high of 7.3 Percent in March of 2008 and a record low of -4.3 Percent in March of 2011. 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 contains – Egypt GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.

http://www.tradingeconomics.com/egypt/gdp-growth

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