Impact of COVID-19 on projected real GDP growth in Egypt 2019-2022

The coronavirus (COVID-19) pandemic is going to have repercussions on most of the countries worldwide, as is the case for Egypt as well. The Gross Domestic Product (GDP) was estimated to grow by 3.6 percent and three percent in 2020 and 2021 respectively. In fact, Egypt was one of the few African countries showing a positive real GDP growth rate and the only in the North African region in 2020, regardless of the negative effects of the pandemic. Moreover, it is projected that in 2022 the Egyptian real GDP would grow by 4.9 percent.

With regards to Egyptian cumulative coronavirus cases, Egypt is the fifth most hit country in the continent with 206,510 cases as of April 7, 2020. Tourism receipts are believed to be drastically affected, along with remittances.