North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Egypt Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
97,041,072 (July 2017 est.)GDP (PPP)
$1.199 trillion (2017 est.)Largest economy in Africa
GDP growth rate
4.1% (2017 est.)High and continuous over the past 3 years (though slightly slowing)
GDP (PPP) per capita
$13,000 (2017 est.)Low
Local currency
Egyptian Pound (EGP)Weak currency which lost almost 3 times its value since 2014 due to the Country's financial crisis
Financial stability (Public debt)
104.4% of GDP (2017 est.)High (all public debt included), the Country recently requested a 12bn USD loan to the IMF
Inflation
23.5% (2017 est.)Very high
Language
ArabicEnglish and French widely understood by educated classes
Corruption perception index (Source: Transparency International)
117/180Very high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
14% standard rate
Corporate Tax
22.5% standard rate 40.55% for oil and gas companies
Duties
Customs duty rates on imported goods range from 5% to 40%, with the exception of vehicles for which different rates apply
Are you interested in Egypt business?
Visit our Explore Opportunities page and connect with thousands of companies in North Africa and Middle East that are looking for a partner abroad. Exports from Africa and Middle East are in great demand from all over the world, you just need to find the right opportunity for your business needs.
Whether you are looking for Egypt export, Egypt import, or to invest in Egypt, you can use Globartis for doing business in Egypt. You can look for Egyptian companies or for companies in Cairo, the capital city and one of the best places for Africa opportunity in business.
Join now for free and start doing business in North Africa! Find partners for your Africa and Middle East business on Globartis!