Economic growth in Egypt, estimated at 5.6% for 2019, is forecast to strengthen to 5.8% in 2020 and 6% in 2021, supported by broad-based economic reform programs since 2016. Other factors supporting growth include the recalibration of government’s social inclusion programs away from general subsidies on energy products to targeted transfers and improvements in the business environment. Tourism, construction, and oil and gas were driving growth. On the demand side, consumption remained subdued as exports and investments were more robust.
In September 2019, the banking sector of Egypt represented a total asset of $ 243 billion.
In September 2019, credit distributed to businesses represents $34 billion and, more broadly, credit to private sector totaling $41 billion.
In the end of 2019, the Egyptian Stock Exchange has 247 listed companies, representing a market capitalization of $44.2 billion.