CAPMAS
Foreign investments from G20 nations in Egypt rose to $12 billion in the 2022/2023 fiscal year, up from $8.7 billion in 2021/2022
This increase is attributed to a rise in employment by 694,000 and an uptick in unemployment by 101,000, pushing the total labor force up by 795,000.
A key contributor to this trend was a 7.2 percent drop in export values, which totaled $3.45 billion, down from $3.72 billion in the same period last year.
Egypt’s exports to Saudi Arabia reached $2.4 billion in the first nine months of 2024, up from $1.9 billion in the same period of 2023, showing a growth of 26.3%.
Egypt's inflation rate experienced a slowdown in October 2024. The consumer price index (CPI) reached 240 points, representing a 1.5% increase compared to September’s 2.3% rise
On the import side, Egypt's purchases from Estonia rose to $23 million in the first nine months of 2024, up from $18.9 million in 2023.
The CAPMAS’ Egyptian Family Health conducted a survey and the data shown that the fertility rate in Egypt has declined, as it recorded 3.5 children per woman in 2014 and decreased to 2.85 children per woman in 2021.
The index, excluding crude oil and petroleum products, registered at 111.44, a slight decrease of 0.01 percent from July's final figure of 111.45.
Saudi Arabia led the BRICS countries importing from Egypt, with Egyptian exports amounting to $2.2 billion. The UAE followed with $1.8 billion, Brazil with $488 million, Russia with $438 million, India with $343 million, and China with $290 million.
Egypt’s exports saw a 10.7 percent rise, totaling $3.54 billion in July 2024, up from $3.20 billion in the same month last year.
The implementation of this survey reflects European interest in the issue of international migration. The Statistical Committee of the European Union (Eurostat) has initiated a project to monitor migration from Mediterranean countries to EU countries through specialized surveys.
Egypt's annual inflation rate was recorded at 26.0 percent in September 2024, a significant decrease from 40.3 percent in the same month of the previous year.
In contrast, June witnessed a decrease in wheat imports to $261 million, a 21.5 percent drop from June 2023's $332 million.
Overall imports dropped by 3.3 percent in June 2024 to $6.0 billion, down from $6.21 billion in the same month the previous year.
The annual inflation rate stood at 25.6 percent in August 2024, a decrease from 39.7 percent recorded in the same month the prior year.
CAPMAS reported that exports totaled $3.13 billion in June 2024, down by 1.6 percent from $3.18 billion in June 2023.
On the other hand, the number of Egyptian expats ranges between 9.5 million and 13 million.
In the initial five months of 2024, Egypt's imports from Iraq tallied at $4.1 million, showing a climb from $2.3 million recorded in the corresponding period of 2023, depicting a $1.7 million surge.
The beverage industry also experienced an upturn, with its index climbing from 583.43 in May to 654.08 in June, indicating a 12.11 percent increase.
Egyptian exports to Somalia notably rose to $57 million, marking an 83 percent increase compared to the previous year.
