Egypt: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Egypt |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -7.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2002 - 2023 |
| Average | -9.18 |
| Min - Max | -13.70 - -6.10 |
| Source | Ministry of Finance, Egypt |
The latest value from 2023 is -7 percent, a decline from -6.1 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 123 countries. Historically, the average for Egypt from 2002 to 2023 is -9.18 percent. The minimum value, -13.7 percent, was reached in 2013 while the maximum of -6.1 percent was recorded in 2022.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 7.27 | 2022 | percent |
| Government spending, in dollars | 26.88 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.00 | 2023 | percent |
| Government debt | 95.91 | 2023 | percent |
| Government expenditure | 206.48 | Q4/2023 | billion |
| Tax revenue | 12.52 | 2015 | percent |
| Commercial tax rate | 44.40 | 2019 | percent |
| Tax preparation time | 370 | 2019 | hours |
| Number of taxes | 27 | 2019 | taxes |
| Taxes on goods and services | 26.11 | 2015 | percent |
| Taxes on international trade | 4.06 | 2015 | percent |
| Income and profits taxes | 24.11 | 2015 | percent |
| Foreign aid | 8,240.03 | 2021 | million U.S. dollars |