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Egypt Business Report

General information
Source: The World Factbook - Central Intelligence Agency
97,041,072 (July 2017 est.)
$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.)


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

23.5% (2017 est.)

Very high


English and French widely understood by educated classes

Corruption perception index (Source: Transparency International)

Very high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018

14% standard rate
Corporate Tax

22.5% standard rate 40.55% for oil and gas companies

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?

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