Egypt is one of the largest economies in Africa and the Arab world, with a nominal GDP of
approximately USD 395 billion (2023) and a population exceeding 110 million. The country’s
strategic location at the crossroads of Africa, the Middle East, and Europe makes it a vital
economic and geopolitical hub. The official currency is the Egyptian Pound (EGP).
The Egyptian economy is diversified across manufacturing, construction, agriculture,
tourism, energy, and services. The Suez Canal, through which nearly 12–15% of global
trade passes, remains a critical source of foreign exchange and logistics revenue.
Manufacturing industries include textiles, food processing, chemicals, cement, fertilizers,
and consumer goods, while agriculture employs a large segment of the population.
Egypt has undertaken significant economic reforms, including currency liberalization, subsidy
rationalization, and public-sector restructuring, aimed at improving macroeconomic stability and
attracting foreign investment. Major infrastructure investments have been made in transport
networks, ports, industrial cities, power generation, and renewable energy, particularly
solar and wind projects.
Egypt’s exports are valued at approximately USD 50 billion, with key partners including the
European Union, China, India, Saudi Arabia, and the United States. As a BRICS Plus
member, Egypt enhances Africa–Asia–Middle East trade connectivity, offering opportunities
in manufacturing relocation, infrastructure finance, energy transition, and logistics-based
growth.
Egypt is one of the largest economies in Africa and the Arab world, with a nominal GDP of
approximately USD 395 billion (2023) and a population exceeding 110 million. The country’s
strategic location at the crossroads of Africa, the Middle East, and Europe makes it a vital
economic and geopolitical hub. The official currency is the Egyptian Pound (EGP).
The Egyptian economy is diversified across manufacturing, construction, agriculture,
tourism, energy, and services. The Suez Canal, through which nearly 12–15% of global
trade passes, remains a critical source of foreign exchange and logistics revenue.
Manufacturing industries include textiles, food processing, chemicals, cement, fertilizers,
and consumer goods, while agriculture employs a large segment of the population.
Egypt has undertaken significant economic reforms, including currency liberalization, subsidy
rationalization, and public-sector restructuring, aimed at improving macroeconomic stability and
attracting foreign investment. Major infrastructure investments have been made in transport
networks, ports, industrial cities, power generation, and renewable energy, particularly
solar and wind projects.
Egypt’s exports are valued at approximately USD 50 billion, with key partners including the
European Union, China, India, Saudi Arabia, and the United States. As a BRICS Plus
member, Egypt enhances Africa–Asia–Middle East trade connectivity, offering opportunities
in manufacturing relocation, infrastructure finance, energy transition, and logistics-based
growth.
