Industry Sector Contribution to GDP in Egypt (1990-2022)

Industry Sector Contribution to GDP in Egypt (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Egypt (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Egypt
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Egypt's industry sector saw a strong upward trend from 1990, with contributions rising significantly to 39.9% by 2014. The sector's growth was fueled by infrastructure expansion, especially during the early 2000s, with major investments in construction and oil production. However, 2016 marked a turning point with industry contributions falling to 32.5% following the devaluation of the Egyptian pound and economic reforms aiming to diversify beyond traditional industries. Despite this dip, recent years have shown recovery, with contributions stabilizing around 32-35% due to ongoing investment in energy projects and manufacturing. This resilience highlights Egypt’s strategic adjustments to maintain industrial growth amidst economic shifts and currency challenges.

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