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)
At the end of 2022, the Egyptian Exchange (EGX) has 240 listed companies, representing a market capitalization of $38.8bn. After growing for 3 consecutive years (2017-2019), foreign direct investment flows to Egypt dropped by 12% in 2021, from $5,851.8m in 2020 to $5,122.0m.
