In figures: How Russia-Ukraine crisis affected Egypt’s economic growth

CAIRO – 10 June 2022: Egypt’s targeted economic growth rates declined, in addition to high rates of inflation and unemployment, and low investment rates in domestic product, as a result of the Russian war on Ukraine, according to a review by the Ministry of Planning and Economic Development.

The review sought to analyze the indicators of the Egyptian economy in light of the successive global crises for the fiscal year 2022/2023.

In the below lines, et displays figures revealing the rates before and after the Russian-Ukrainian crisis, according to the data of the Ministry of Planning:

Economic growth rate

Before the crisis: 6.4%

After the crisis: 5.5%

Inflation

Before the crisis: 7-7.5%

After the crisis: 10%

Unemployment

Before the crisis: less than 7%

After the crisis: 7.5% - 8%

Investment rate in GDP

Before the crisis: 18%

After the crisis: 15.2%