Circular economy in the Africa-EU cooperation – Country report for Egypt

Cover Circular Economy Country report Egypt
Smith, A.; U. Chewpreecha, M. McGovern, M. Mahmoud, K. Rademaekers, J. Ahlers, S. van Hummelen and M. Hemkhaus 2021: Circular economy in the Africa-EU cooperation. Country report for Egypt. Brussels: European Commission.

The Egyptian economy is majorly dominated by the services sector that contributed around 56 percent to the GDP in 2019, followed by the industry sector that contributed around 32.6 percent and lastly the agriculture, forestry and fisheries sector contributing around 11.4 percent to the GDP in 2019. The share of industry’s contribution to the GDP remained relatively constant from 2000 to 2019, while the share of the agricultural, forestry and fisheries sector decreased from 17 percent in 2000, and the share of services sector increased from approximately 50 percent in 2000. The macro-economic and structural reforms that took place over the last five years supported the stabilization of the economy and sustained its growth. These reforms included: reducing energy subsidies, reforming the industrial licensing regime, and tax reforms, which resulted in a slight increase in the GDP, associated with decrease in the unemployment rate to 7.5 percent in 2019 compared to 9.9 percent in 2018. However, these reforms did not improve the social conditions due to the high inflation rates from 2016 to 2018 because of the currency floatation. Based on this overall economic performance, the report at hand analyses the state of play of the circular economy transition in Egypt.

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