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Egypt's GDP forecast to reach $943.4bn in 2030 – Fitch Solutions

Egypt's GDP forecast to reach $943.4bn in 2030 – Fitch Solutions
The budget deficit is forecast to narrow by 21% to $23 billion in 2030

Cairo – Mubasher: Egypt's nominal gross domestic product (GDP) is expected to surge to $943.4 billion in 2030, compared to $369.3 billion in 2020, according to an infographic by the Egyptian cabinet's Information and Decision Support Center on Sunday, citing data by Fitch Solutions. 

The country's foreign reserves are projected to increase by 35% to $45.9 billion in 2030 from $34.1 billion in 2020. 

Moreover, the budget deficit is forecast to narrow by 21% to $23 billion in 2030 from $29.2 billion in 2020 and the inflation rate is seen to decline by 0.3% to 4.8% in 2030 from 5.1% in 2020. 

The unemployment rate is also expected to drop by 2% to 6% in 2030 from 8% in 2020.