Egyptian economic growth slowed from 3.6 percent in FY 2019/20 to 3.3 percent in FY 2020/21. Inflation, below the Central Bank's target of 7 percent in FY2021/2022, allowed monetary policy to support the recovery. Egypt received the third highest allocation of SDRs in Africa at USD 2.8 billion, which was added to its foreign exchange reserves of USD 41 billion. The current account deficit widened to 4.6 percent of GDP in 2021 from 3.1 percent in 2020. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
In September 2017, the banking sector of Egypt represented a total asset of $ 243 billion.
In September 2017, credit distributed to businesses represents $34 billion and, more broadly, credit to private sector totaling $41 billion.
In the end of 2017, the Egyptian Stock Exchange has 254 listed companies, representing a market capitalization of $44 billion.
Fundraising and amounts invested by private equity represented respectively $70 million and $540 million.
