Egypt's economy in numbers 2015: Infographic

A weakened stock exchange, a battered tourism sector, falling Suez Canal revenues, inflation, a declining Egyptian Pound and other challenges marked Egypt's economy in 2015

Deya Abaza , Bassem Abo Alabass , Wednesday 30 Dec 2015

Egypt's trade deficit registered 22% decline year-on-year in Sept

Egypt Suez Canal revenue drops to $408.4 million in November

Egypt's annual inflation hits 6-month high in November up to 11.8%

Egypt's unemployment rate falls to 12.8% in Q3

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Egypt's trade deficit registered 22% decline year-on-year in Sept

Egypt Suez Canal revenue drops to $408.4 million in November

Egypt's annual inflation hits 6-month high in November up to 11.8%

Egypt's unemployment rate falls to 12.8% in Q3

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neil

03-01-2016 12:57pm

24-

misleading and not misleading

The Egypt Government can claim that some of these numbers are out of their control. The Suez numbers are the result of global trade decline; however, they knew this when they increased the capacity of the Canal, creating more lanes, instead of deeper for supertankers. The tourism declined because of security concerns; however, I told them/Minister they needed to fix some things before they did promotion, and they asked me to advise and teach them, but refused to even pay my costs - twice, once just before the Mexicans incident, second just before the Sharm incident. They held many Investors conferences, but leave corruption, red tape and uncertainty in place. They take billions in Gulf money, it goes into a Black Hole. I've offered a concrete proposal to include Egypt in the trillion dollar 'New Silk Road' Eurasian infrastructure project, and other projects, but I didn't explain how individual officials could profit personally, so no interest on their part.

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01-01-2016 09:19pm

28-

The CEO would have been fired

If these results were announced by a company, even in "communist" China, the CEO would have been fired on the spot. How much more mediocrity the Egyptian people could tolerate!

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Neo

31-12-2015 02:12am

29-

The numbers don’t lie …

One can imagine how hard it was for the AO journalists who composed this essay to get it approved for publishing, considering! One can also imagine how hard for AO not to speak out against the mediocre economic performance of the government so far; it must’ve been a difficult balance. The Egyptian Media owes us, the Egyptian people, much more courage in reporting and questioning the economic performance of the government, regardless of the consequences. The bad numbers are a sad story for sure; what is more depressing is the punitive treatment of our journalists when they report on the reality on the ground. The economy may improve with the right policies and leadership, one hopes, what is hard to improve is the freedom of journalist expressions in our country; it is a much sadder affair than the bad numbers!

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