Mubasher TV
Contact Us Advertising   العربية

Egypt’s economic growth reaches 4.7% in 9M

Egypt’s economic growth reaches 4.7% in 9M
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: Egypt’s economic growth reached 4.7% during the first nine months of the fiscal year 2014/2015, announced the planning ministry in a report.

Unemployment rate reached 12.8% during the nine-month period, while that among youths declined to 32.8%, the report added.

The country’s budget deficit during the nine-month period stood at 9.4% of gross domestic product.

Meanwhile, deficit in Egypt’s trade balance amounted to $29.6 billion, as exports and imports reached $16.9 billion and $46.4 billion in a row. The deficit in balance of payment recorded $1 billion.

The ministry also said the country’s net international reserves amounted to $15.3 billion.