Actual. The public debt relative information provided by national sources (CIA) is not always objective and true, given the fact that … The debt-to-GDP ratio is usually expressed as a percentage and is used to indicate whether or not a country can pay back its debts. This comes after the government recently revised down its FY 2018 deficit target to between 9.5% and 9.7%—the second such downgrade since January—likely driven in part by higher oil prices and elevated debt servicing costs. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Central government debt, total (% of GDP) International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. License : CC BY-4.0 The country's Nominal GDP was reported at 82.7 USD bn in Jun 2020. Download limits apply. PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Within Egypt itself, the largest debtor was the government and the public sector generally. The debt-to-GDP ratio is usually expressed as a percentage and is used to indicate whether or not a country can pay back its debts. In 1987 Egypt owed US$10.1 billion to the United States. Its Foreign Portfolio Investment increased by 6.7 USD bn in Sep 2020. The government’s portion of debt is 84.4 percent. Cairo - Asharq Al-Awsat. Net debt would decrease by about one-third of GDP. The budget deficit is estimated to have widened to LE476.8 billion, equivalent to 8.2% of the projected GDP in fiscal year 2020, up from 8.1% of GDP in fiscal year 2019. Egypt External Debt accounted for 34.1 % of the country's Nominal GDP in 2020, compared … There is no data available for your selected dates. The data reached an all-time high of 41.5 % in Jun 2003 and a record low of 12.0 % in Sep 2012. Egypt External Debt - Historical Data; Year Current US $ Annual % Change; 2019: $115,079,598,760: 14.87%: 2018: $100,186,063,064: 18.25%: 2017: $84,722,482,200: 22.50%: 2016: $69,163,941,957: 38.76%: 2015: $49,846,045,120: 19.42%: 2014: $41,741,489,490-10.24%: 2013: $46,501,579,105: 16.17%: 2012: $40,028,196,098: 13.80%: 2011: $35,175,105,538-4.35%: 2010: $36,775,092,025: 3.89%: 2009: … Egyptian Prime Minister Mostafa Madbouly announced that Egypt’s external debt had reached a record high of $92.64 billion (36.8 percent of the GDP) as of June 2018, an … Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. These cookies are used to collect information about how you interact with our website and allow us to remember you. Edited translation from Al-Masry Al-Youm Egypt External Debt: % of Nominal GDP data is updated quarterly, available from Jun 1999 to Jun 2020. Gross domestic debt rose to 4.20 trillion Egyptian pounds ($260 billion), or 79% of GDP, at end-March, the most recent figure available, from 3.70 trillion pounds at end-June 2018, or 83.3% of GDP. This was mainly driven by the decline in the tax-to-GDP ratio and exacerbated by economic contraction and postponed tax payments. Unfortunately, these actions caused Japan’s debt level to skyrocket. Foreign Direct Investment (FDI) increased by 1.5 USD bn in Jun 2020. Please check your download folder. Last Release. In the latest reports of Egypt, Current Account recorded a deficit of 2.8 USD bn in Sep 2020. AO: Egypt’s finance minister announced on Monday that the government is currently adopting a medium-term strategy that targets decreasing public debt to GDP … The economy of Egypt used to be a highly centralized economy focused on import substitution under president Gamal Abdel Nasser (1954-1970). In a related context, the report noted that Egypt's external debt is among the best compared to emerging markets in the world, by the end of March 2020, as it recorded 31.7 percent as a percentage of GDP. Egypt’s government debt to the GDP declined to 91% in the first quarter (Q1) of 2019, down from 100% during the same period of 2018, the Institute of International Finance (IIF) said in a report. Egypt to reduce the government debt to GDP ratio to help bring down the country’s debt service. How can the scheme contribute to accelerating the country’s recovery? The statistic shows the national debt of Egypt from 2015 to 2019, with projections up until 2025. AFP file photo. 90% of Egypt’s foreign debts are long-term: CBE At 33.5% of GDP, debt levels are within safe limits compared to 48.7% in Latin America and Caribbean, 47.5% in … The country’s finance ministry is planning a debt-to-GDP ratio of 77.5 percent by 2020. Net debt subtracts financial assets a government holds from the gross debt amount. Payable monthly by credit card. If the ratio indicates that a nation cannot pay its government debts, there is a risk of default, which could wreak havoc on the markets. EgyptGdp and National debt. The aim is to reduce public debt by 100 billion Egyptian pounds ($6.3 billion) annually for the coming four years. If you decline, your information won’t be tracked when you visit this website. Egypt’s GDP is expected to grow at an annual clip of at least 5.5% over the next few years, according to a quarterly report published by the government last month. This website stores cookies on your computer. Instant access to full history data in excel. Egypt to reduce the government debt to GDP ratio to help bring down the country’s debt service. Instant access to full history data in excel. Egypt - External Debt Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). Foreign exchange reserves have fallen by more than half, since 2011 when they were valued at $36 billion before the uprising. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Moreover, the debt-GDP ratio is expected to increase to around 96.9% in FY 2020/21, compared to 87.9% in FY 2019/20, exacerbated by lower nominal GDP growth and higher borrowing. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. 90.5 %. All rights reserved, Unlimited access tailored to your data needs. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Egypt lowering its debt burden would ensure more accumulation of funds for education and healthcare. Full and unlimited access to CEIC data for multiple users. Egypt Government Debt to GDP. The aim is to reduce public debt by 100 billion Egyptian pounds ($6.3 billion) annually for the coming four years. Please check your download folder. Historical data on the value and ratio of Egypt public debt to its Gross Domestic Product. Suitable for enterprise usage. Cairo - Asharq Al-Awsat. By March 2015, Egypt’s domestic de… This comes after the government recently revised down its FY 2018 deficit target to between 9.5% and 9.7%—the second such downgrade since January—likely driven in part by higher oil prices and elevated debt servicing costs. EXCLUSIVE- FinMin’s debt control strategy looks to reduce public debt to 72-75% of GDP by 2021-22: The Finance Ministry’s comprehensive debt control strategy, which has been in the works since August, will aim to reduce Egypt’s public debt to 72-75% of GDP by 2021-22 from 98% today, a senior government official told Enterprise. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Dubai: Egypt is the only country in the Middle East and North Africa (MENA) that avoided a negative GDP growth in 2020 despite the impact of COVID … Egypt External Debt: % of Nominal GDP data is updated quarterly, available from Jun 1999 to Jun 2020. Entry level access to the CEIC platform for individual users. The data reached an all-time high of 41.5 % in Jun 2003 and a record low of 12.0 % in Sep 2012. Egypt - External Debt Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). Egypt External Debt accounted for 34.1 % of the country's Nominal GDP in 2020, compared with the ratio of 30.8 % in the previous quarter. Includes 261 key indicators for Egypt, curated by CEIC analysts. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Statistics on external debt. 1999 - 2020 | Quarterly | % | Central Bank of Egypt. Medium-Term Debt Management Strategy (MTDS) - December 2020 Medium-Term Debt Management Strategy (MTDS) - May 2019 Medium-Term Debt Management Strategy (MTDS) Summary of Public Domestic Debt Budget Sector Domestic Debt General Government Domestic Debt Domestic Public Debt Debt Service Profile Government Securities Issuances Government spending has amounted to 29.9 percent of total output (GDP) over the past three years, and budget deficits have averaged 9.1 percent of GDP. Egypt debt to gdp ratio for 2007 was 85.79%, a 85.79% increase from . The Central Bank of Egypt (CBE) report stated 2018 that the public debt has reached LE3.695 trillion at the end of June 2018, representing 83.3 percent of the GDP, and growing by 17 percent year-on-year. AFP file photo. © 2021 CEIC Data, an ISI Emerging Markets Group Company. Previous. Includes External Debt: % of GDP on 106 economies standardised by CEIC. AO: Egypt’s finance minister announced on Monday that the government is currently adopting a medium-term strategy that targets decreasing public debt to GDP ratio to 79 percent by FY 2023/2024. Available via annual subscription to one or more of CEIC’s global and premium databases. PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. This was mainly driven by the decline in the tax-to-GDP ratio and exacerbated by economic contraction and … Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Subsequently, government debt is projected to increase (from the already elevated 90.2% of GDP at end-fiscal year 2019), before starting to moderate once again as fiscal consolidation is resumed by fiscal year 2022. To find out more about the cookies we use, see our Cookies Policy. If the ratio indicates that a nation cannot pay its government debts, there is a risk of default, which could wreak havoc on the markets. In 2019, the national debt of Egypt amounted to around 283.7 billion U.S. dollars. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. N/A. 90.2 %. Dec 2019. Amid the continued pressure on foreign reserves, Egypt has had to depreciate its currency twice this year and investment banks expect further devaluing before the end of 2015. Global debt-to-GDP to reach 100% in 2020: IMF IMF provides over $280bn in financing at unprecedented speed and scale to 81 countries, of which more than one third has been approved since March Nihal Samir October 6, 2020 Comments Off on Global debt-to-GDP to reach 100% in 2020: IMF Over the medium term, Egypt’s budget initial surplus is expected to reach 0.6 percent of GDP in the 2020/2021 financial year, the budget deficit to GDP ratio 7.8 percent, and the public debt to GDP ratio 88 percent. Forecast: Government Expenditure (EGP bn), Government Budget: ytd: Cash Deficit (EGP mn), Government Budget: ytd: Overall Fiscal Balance (EGP mn), Government Budget: ytd: Expenditure (EGP mn), Government Budget: ytd: Financing (EGP mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CF: Financial Account: Other Net Investment (OI) (USD mn), BoP: CF: Financial Account: Direct Investment Abroad (USD mn), BoP: CA: Goods and Services: Services (USD mn), BoP: CF: Financial Account: Portfolio Investment Abroad (USD mn), BoP: CF: Financial Account: Net Portfolio Investment in Egypt (USD mn), BoP: CA: Goods and Services: Trade Balance (USD mn), External Debt: Central & Local Government (USD mn), External Debt: Medium and Long Term (USD mn), Foreign Direct Investment: Inflow: United States of America (USD mn), Foreign Direct Investment: Inflow: Arab Countries: Saudi Arabia (USD mn), Foreign Direct Investment: Inflow: Arab Countries: Kuwait (USD mn), Foreign Direct Investment: Inflow: Other Countries: China (USD mn), Foreign Direct Investment: Inflow: European Union (EU) (USD mn), Foreign Exchange Reserves: Months of Import (NA), Domestic Liquidity: M2: Money Supply (M1) (EGP mn), Domestic Liquidity: M2: Quasi Money (QM) (EGP mn), International Reserves: Gross Official Reserves: Foreign Currency (USD mn), Banks Loans: excl Central Bank of Egypt (CBE) (EGP mn), BPM6: Balance of Payments: Analytical Presentation: Annual, BPM6: Balance of Payments: Detailed Presentation: Annual, BPM6: International Investment Position: Annual, External Debt: Commitments and Currency Composition, External Debt: Disbursements and Interest Payment, External Debt: Terms and Undisbursed Debt, Foreign Direct Investment: by Country: Annual, Implemented Investment: by Sector: Annual, Balance of Payments: Capital and Financial Account, BPM6: Balance of Payments: Analytical Presentation, BPM6: Balance of Payments: Detailed Presentation, External Debt: Debt Outstanding, Debt Ratio and Debt Service, External Debt: Net Flows and Net Transfers, Gross External Debt: by Sector and Instrument, International Investment Position: Annual. GDP (PPP) year to date. The debt-to-GDP ratio was reduced from 108 percent in 2017 to 98 percent in 2018 and to 90.8 percent in 2019, a local media report said. Forecast. Egypt External Debt accounted for 34.1 % of the country's Nominal GDP in 2020, compared with the ratio of 30.8 % in the previous quarter. The budget sets a fiscal deficit target of 8.4% of GDP for FY 2019. Egypt Government Debt to GDP was 90.2 % in 2021. A single cookie will be used in your browser to remember your preference not to be tracked. Egypt’s economy has been hit hard by the political turmoil which gripped the country since a popular uprising toppled former President Hosni Mubarak in January 2011. $243 944 327 730. Of this about US$4.6 billion, or about 23 percent of Egypt's combined debt, was military debt. 24-02-2021 20:46:48. Egypt Direct Investment Abroad expanded by 78.5 USD mn in Sep 2020. The budget sets a fiscal deficit target of 8.4% of GDP for FY 2019. Over the medium term, Egypt’s budget initial surplus is expected to reach 0.6 percent of GDP in the 2020/2021 financial year, the budget deficit to GDP ratio 7.8 percent, and the public debt to GDP ratio 88 percent. The country's External Debt reached 125,337.8 in Sep 2020. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date.
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