Last Update 23:16
Sunday, 20 October 2019

Egypt unemployment unchanged at 13.4% in Q1

Almost 70 percent of unemployed people are aged between 15 and 29, and more than 79 percent hold diplomas or university degrees

Ahram Online, Wednesday 14 May 2014
A man smokes a water pipe (Photo: Reuters)
Views: 1324
Views: 1324

Egypt’s unemployment rate remained unchanged in the first quarter of 2014 at 13.4 percent, state-run statistics body CAPMAS announced.

Almost 70 percent of unemployed people were aged between 15 and 29, and more than 79 percent hold diplomas or university degrees.

The CAPMAS quarterly report released on Wednesday said that the persistence of high unemployment reflects an on-going slowdown in economic activity, especially in productive sectors such as industry, tourism and construction.

Egypt’s economy grew just 2.1 percent in 2013, despite two stimulus packages worth a total of LE60 billion ($8.6 billion).

When Egypt grew at 5.1 percent in 2010, the unemployment rate was 9 percent.

More than 1.4 million people either lost their jobs or entered the labour market in the four years leading to March 2014.

In April, the IMF said it expected the sluggish growth seen in 2013 to persist in 2014 as political uncertainty continues to weigh on tourism and foreign direct investment.

But despite the bleak forecast, the two contenders in Egypt’s presidential election promise to boost the economy and reduce unemployment.

Former army chief Abdel-Fattah El-Sisi promises to improve living standards within two years if he is elected.

El-Sisi's economic development plan will cost around LE1 trillion and be funded through donations from Egyptian expats, gulf countries financial assistance and private sector investments.

Nasserist politician Hamdeen Sabahi promises a greater role for the state and a revival of state-owned businesses.

The report showed that almost a third of the employed work in the agriculture and fishing sector, while manufacturing and construction sectors each employ around 11 percent.

Urban unemployment is as high as 16.5 percent while in rural Egypt it is around 11 percent.

The labour force totals 27.6 million people.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.