Statista. Egypt’s National Debt Falls to Lowest Level in 10 Yrs. Egypt needs to decrease its debt to address budget deficit: IMF. New, Figures and insights about the advertising and media world, Industry Outlook Update, Insights into the world's most important technology markets, Advertising & Media Outlook The Trading Economics Application Programming Interface (API) provides direct access to our data. New, Everything you need to know about the industry development, Find studies from all around the internet. Direct access to our calendar releases and historical data. Egypt: National debt from 2015 to 2025 in relation to gross domestic product (GDP) [Graph]. In 2019 Egypt kept this high level with a slight increase at 17.4 per cent, which equals three times more than its GDP. Domestic Public Debt. facts. Egypt's domestic debt is also proportionately larger than Turkey's, reaching 86.8 percent of GDP. This was mainly driven by the decline in the tax-to-GDP ratio and exacerbated by economic contraction and postponed tax payments. Publish your articles and forecasts in our website. 2002-2019 Data | 2020-2021 Forecast | Historical. Profit from additional features by authenticating your Admin account. Directly accessible data for 170 industries from 50 countries Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. $243 944 327 730. $39 per month* In 2017 the US debt-to-GDP ratio was about 105%, which is of concern. Government Securities Issuances. $2 347. South Africa’s gross national debt sits at $261 billion, a 20.7% increase on 2019. Egypt’s internal debt rose to 3.695 trillion pounds ($207.6 billion) at the end of June 2018, up from 2.6 trillion pounds ($146 billion) a year earlier, data from the Central Bank of Egypt shows. Egypt plans to issue more eurobonds in 2018–19 worth 6–7 billion euros. The Executive Board of the International Monetary Fund (IMF) approved on June 24, 2020 a 12-month Stand-By Arrangement (SBA) for Egypt, with access equivalent to SDR 3.76 billion (about US$5.2 billion or 184.8 percent of quota). Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: COVID-19 deaths worldwide as of March 8, 2021, by country, COVID-19 cases worldwide as of March 8, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Mar. Then you will be able to mark statistics as favourites and use personal statistics alerts. In, IMF. [1] During this time Egypt was in conflict with the state of Israel, which had invaded the Sinai peninsula in 1967. Egyptian Prime Minister Mostafa Madbouly announced that Egypt’s external debt had reached a record high of $92.64 billion (36.8 percent of the GDP) as of June 2018, an … In 2019, the national debt of Egypt amounted to around 283.7 billion U.S. dollars. Canada ’s national debt is currently at 83.81% of its GDP. In its second review of the reform program, the IMF said that Egypt’s debt was “sustainable, but is subject to significant risk.” The IMF projects Egypt’s debt to decline to 87 percent of GDP by the end of the program in 2018–19 and 68 … Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Government debt, also known as public interest, public debt, national debt and sovereign debt, contrasts to the annual government budget deficit, which is a flow variable that equals the difference between government receipts and spending in a single year. 10Y. 6:08 AM February 24, 2020. The interest on the national debt is how much the federal government must pay on outstanding public debt each year. The minister pointed out that Egypt has faced difficult circumstances that caused an increase in debt, in conjunction with the weakness of the state revenues and the continuation of the primary deficit, which forced the state to continuously borrow to meet the primary deficit of food and drink, debt service and debt installments. The government’s external debt increased from 14 per cent of national income in 1973 to 60 per cent by 1978. This put Egypt on the verge of defaulting on the loan, but the national debt shrunk to $26 billion at the beginning of the last decade, constituting 15 percent of GDP. Learn more about different ways to measure our national debt. You only have access to basic statistics. "Egypt: National debt from 2015 to 2025 in relation to gross domestic product (GDP)." The Egypt National Railways Restructuring Project (US$600 million, including Additional Financing), supports the government and Egyptian National Railways (ENR) to improve the reliability, efficiency, and safety of railway services by modernizing signals and investing in new tracks. The latest figure reflected an increase of … National debt is commonly expressed as a percentage that represents the country’s debt compared with its ability to pay it back. In the long-term, the Egypt Government Debt to GDP is projected to trend around 75.00 percent in 2021 and 73.00 percent in 2022, according to our econometric models. (October 12, 2020). This alone will increase external debt even more—by about two percent of GDP. GDP (PPP) year to date. The IMF and the Egyptian Debt Risks. The economic reform plan adopted by Egypt proves success day after day, which appears in many positive indicators that reflect the boom in the economy in an effort to meet the aspirations and hopes of the Egyptian citizen. The economic reform plan adopted by Egypt proves success day after day, which appears in many positive indicators that reflect the boom in the economy in an effort … 24-02-2021 20:46:48. Learn more about how Statista can support your business. Government Debt to GDP in Egypt is expected to reach 80.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. 20. The approval allowed for an immediate disbursement of … Accessed March 09, 2021. https://www.statista.com/statistics/377984/national-debt-of-egypt-in-relation-to-gross-domestic-product-gdp/, IMF. EgyptGdp and National debt. Mohamed Ahmed Abbas 16 May، 2019. Moreover, Egypt is also expected to receive a fourth $2 billion tranche of its $12 billion IMF loan after the … The average maturity of Egypt’s sovereign debt is on track to reach 3.5 years by next June, compared with 2.8 years in the last fiscal year. Abu al-Naga said foreign aid to Egypt … Budget Sector Domestic Debt. Egypt … Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook This is also referred to as ‘public sector debt’. The budget deficit is estimated to have widened to LE476.8 billion, equivalent to 8.2% of the projected GDP in fiscal year 2020, up from 8.1% of GDP in fiscal year 2019. In 2019, the national debt of Egypt amounted to approximately 83.8 percent of the GDP. October 12, 2020. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The debt is a stock variable, measured at a specific point in time, and it is the accumulation of all prior deficits. This is a ratio of the country’s debt to its gross domestic product or GDP. GDP today. On world rankings of debt/gdp ratio, Egypt is 13 th, whereas Turkey is not even in the top 50 most proportionately indebted countries. Then you can access your favorite statistics via the star in the header. Are you interested in testing our corporate solutions? To Read Text in PDF Format Click here. Germany ’s debt ratio is currently at 59.81% of its GDP. Debt Service Profile. 8, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jan. 25, 2021, by day. National debt refers to the amount of total government debt a country has. General Government Domestic Debt. ", IMF, Egypt: National debt from 2015 to 2025 in relation to gross domestic product (GDP) Statista, https://www.statista.com/statistics/377984/national-debt-of-egypt-in-relation-to-gross-domestic-product-gdp/ (last visited March 09, 2021), Egypt: National debt from 2015 to 2025 in relation to gross domestic product, Total population of Egypt 2019, by gender, Life expectancy at birth in Egypt 2018, by gender, Median age of the population in Egypt 2015, Gross domestic product (GDP) in Egypt 2025, Gross domestic product (GDP) per capita in Egypt 2025, Gross domestic product (GDP) growth rate in Egypt 2025, Egypt: Share in global GDP adjusted for PPP 2025, Employment by economic sector in Egypt 2020, National debt of Egypt in relation to gross domestic product (GDP) 2025, Ratio of military expenditure to gross domestic product (GDP) in Egypt 2019, Ratio of government expenditure to gross domestic product (GDP) in Egypt 2025, Egypt's budget balance in relation to GDP 2025, Total population of the MENA countries 2019, Gross domestic product of the MENA countries in 2019, Trade balance of goods in the MENA countries 2019, National debt of MENA countries in relation to gross domestic product (GDP) 2019, MENA countries' budget balance in relation to GDP 2019, New cases of COVID-19 worldwide from January 23, 2020 to March 7, 2021, by day, National debt of Germany in relation to gross domestic product 2010-2024, National debt of Georgia in relation to gross domestic product (GDP) 2025*, National debt of North Macedonia in relation to gross domestic product 2010-2024, Cement domestic deliveries in Egypt 2011-2014, Labor force participation rate in Egypt 2020, Egypt - public opinon on the continuing protests 2011, Egypt - public confidence in the future of the country, Real consumer spending forecast in Central Africa 2010-2025, Industry revenue of “motor vehicle electrical and electronic equipment“ in Washington 2012-2024, Medium self-adhesive plates: sales volume in the United Kingdom (UK) 2010-2018, Industry revenue of “manufacture of fibre optic cables“ in Italy 2012-2024, Industry revenue of »manufacture of other plastic products« in Greece 2011-2023.