Egypt Gross Domestic Product (GDP) by Year (1965–2023)

Egypt Gross Domestic Product (GDP) by Year (1965–2023)

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TGM StatBox. (2024). Egypt Gross Domestic Product (GDP) by Year (1965–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Egypt
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Egypt's GDP reflects significant growth over decades, driven by industrialization, trade, and reform policies. From $4.9 billion in 1965, GDP steadily increased during the 1970s, fueled by infrastructure investments and oil revenues, reaching $21.6 billion in 1980. However, the 1980s saw economic instability, with GDP fluctuating due to external debt and structural adjustments.

In the 2000s, GDP growth accelerated, peaking at $332.4 billion in 2016, supported by reforms and a growing services sector. The COVID-19 pandemic briefly disrupted growth, but Egypt's diversified economy enabled a rebound to $476.7 billion in 2022. However, currency devaluations impacted GDP in 2023, reflecting underlying fiscal challenges.

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