Unemployment Rate Evolution in Egypt from 1990 to 2022

Unemployment Rate Evolution in Egypt from 1990 to 2022

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TGM StatBox. (2024). Unemployment Rate Evolution in Egypt from 1990 to 2022. TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Egypt
Published date: 2024
Note: The Unemployment Rate, as defined by World Development Indicators, is the percentage of the labor force that is without work but is actively seeking employment and available to start work.
Key Takeaways
Egypt’s unemployment trends reveal the impact of political and economic shifts. In the early 1990s, Egypt maintained a relatively high unemployment rate, hovering around 8–11%, which persisted through various structural adjustments. Following the 2011 revolution, unemployment spiked to 13.2% in 2013 as political instability impacted the economy. This high rate continued through 2016, marking Egypt’s struggles in achieving sustained economic growth.

Post-2016, as Egypt undertook economic reforms under the International Monetary Fund (IMF), unemployment gradually decreased. By 2019, it reached 7.9%, its lowest level since the 1990s. While the COVID-19 pandemic caused a temporary rise to 8%, Egypt quickly recovered, with unemployment standing at 7.3% in 2022, reflecting ongoing improvements and economic resilience.

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