{"id":597942,"date":"2019-05-09T03:37:38","date_gmt":"2019-05-09T03:37:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/"},"modified":"2019-05-09T03:37:38","modified_gmt":"2019-05-09T03:37:38","slug":"egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/","title":{"rendered":"Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19"},"content":{"rendered":"

Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19<\/b>, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala El Said said in a statement yesterday<\/a>. GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added. The government anticipates a GDP growth rate of 5.8% in 4Q2018-19. Notably absent from the figures presented was GDP growth for 9M2018-19, which El Said usually provides. She had previously noted<\/a> that an overall GDP growth rate of 5.8% was anticipated for the full fiscal year, up from 5.3% in FY2017-18. As we noted yesterday<\/a>, Egypt\u2019s budget deficit for 9M2018-19 shrank to 5.3% of GDP, compared to 6.2% in the same period a year earlier, according to Finance Minister Mohamed Maait.<\/p>\n

Growth is being driven by energy, mining, retail and construction:<\/b> Energy and mining (labeled together as \u201cextraction\u201d) contributed 30% of total growth in 3Q2018-19, followed by wholesale and retail (9.6%), construction (9.5%), real estate (8.5%), and telecoms (6.7%).<\/p>\n

Tax revenues were up by EGP 65 bn in 9M2018-19<\/b>, according to Finance Ministry figures cited byAl Mal<\/a>, coming in at just north of EGP 468 bn<\/a>. Tax revenues on commodities and services were up to EGP 247.4 bn from EGP 208.6 bn during the same period last year. Income tax also increased to EGP 164 bn from EGP 116 bn while Suez Canal tax revenues reached EGP 26.2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala El Said said in a statement yesterday. GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added. The government anticipates a GDP growth rate of 5.8% in 4Q2018-19. Notably absent […]<\/p>\n","protected":false},"author":1,"featured_media":597943,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[864,72,348,727,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-budget-deficit","tag-enterpriseam","tag-gdp","tag-hala-el-said","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e4bafd79-ffbc-4c69-bc0a-f4bdc24a3f21","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/58.jpg","photo_position":"above","related_issue":[597937],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala El Said said in a statement yesterday. 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GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598693,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/","url_meta":{"origin":597942,"position":1},"title":"Egypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year, the Finance Ministry said in its April monthly bulletin (pdf). The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569315,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egypts-gdp-growth-reached-5-6-in-1h2019-2020\/","url_meta":{"origin":597942,"position":2},"title":"Egypt's GDP growth reached 5.6% in 1H2019-2020","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"Egypt's economy grew at a 5.6% clip in 1H2019-2020, Planning Minister Hala El Saidtold cabinet yesterday. Retail was the primary driver of growth during the first six months of the fiscal year, accounting for 14.7% of the period\u2019s economic expansion, followed by the industrial sector (12.6%) and agriculture (12%). The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594406,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egypts-gdp-grows-to-5-6-in-1q2019-2020\/","url_meta":{"origin":597942,"position":3},"title":"Egypt\u2019s GDP grows to 5.6% in 1Q2019-2020","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"Speaking of growth, Egypt\u2019s GDP grew at a 5.6% clip in 1Q2019-2020, up from 5.3% during the same quarter last fiscal year, Planning Minister Hala El Said told Sky News Arabia (watch, runtime: 01:37). El Said did not provide any further economic indicators for the quarter. The government is targeting\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":597942,"position":4},"title":"Gov\u2019t revises downwards FY2018-19 growth forecast to 5.6%","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin revises FY2018-2019 growth forecast to 5.6%: The Finance Ministry has revised downwards its growth forecast for FY2018-2019 to 5.6%, down from 5.8% previously, according to an official document seen by Enterprise. The budget deficit declined during the first nine months of the fiscal year to 5.3%, compared to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553981,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/gdp-could-grow-6-7-this-quarter-el-said\/","url_meta":{"origin":597942,"position":5},"title":"GDP could grow 6-7% this quarter -El Said","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"Egypt\u2019s economy is expected to grow at a 6-7% clip in 2Q2021-2022, Planning Minister Hala El Said told Sky News Arabia yesterday. The forecast for the second quarter of the state\u2019s fiscal year is slightly lower than the 9.8% growth recorded in 1Q2021-2022, El Said noted, but we\u2019re still on\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597942"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597942\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597943"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597942"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597942"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}