The gross domestic product (GDP) per capita in Egypt was estimated at 3,570.31 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 2,990.27 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 1,239.21 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).
The growth rate of Egypt’s gross domestic product (GDP) in 2021 was 3.25 percent after adjusting for inflation. At that time, the Egyptian economy was projected to increase growth to around 5.48 percent in 2030. What is GDP? Gross domestic product, or GDP, is the sum of all consumption, investment, and government spending in an economy, plus the net exports. This figure is the most commonly used measurement of an economy’s size. Also interesting is GDP per capita, which is GDP divided by the total population. This gives an idea of the level of development in a country. Reasons to follow GDP growth GDP growth can give an idea of a country’s future finances. This is important for countries with a negative budget balance. These countries need to secure loans to finance their deficits, and higher growth forecasts show a better ability to repay these loans. This results in lower interest rates on their sovereign debt. Egypt’s economy is quite stable for now, after years of political unrest that affected the economy.
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The gross domestic product (GDP) per capita in Egypt was estimated at 3,570.31 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 2,990.27 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 1,239.21 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).