Source: world bank Nominal/PPP
Summary:
Egypt GDP Per Capita expanded from 1960 to 2024, increasing from $4.21 to $389.06 .The compound annual growth rate (CAGR) averaged 7.33% over the period. The economy recorded its peak level in 2022 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 25.29%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Egypt Economic Phases (1960 - 2024)
From 1960 to 2024, Egypt economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1964–1973) indicating robust economic expansion
- High Growth (1975–1977) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- High Growth (1982–1986) indicating robust economic expansion
- High Growth (1989–1990) indicating robust economic expansion
- High Growth (1992–2000) indicating robust economic expansion
- Contraction (2003–2004) indicating temporary slowdown
- High Growth (2005–2012) indicating robust economic expansion
- High Growth (2014–2015) indicating robust economic expansion
- High Growth (2018–2022) indicating robust economic expansion
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 1975 with an increase of 26.04%, while the largest decline was in 2017 at -25.291%.