Egypt: Unemployment rate dropped to 11.3% in Q4 2017

  • Comments   -   Thursday, 22 February 2018 - 09:04

(Ecofin Agency) - During Q4 2017, the unemployment rate decreased to 11.3% in Egypt, according to the central statistics agency (CAPMAS). Indeed, a quarter earlier, it was 12.6%. This means that 204, 000 people joined the rank of the employed during the quarter under review.

On a year-on-year basis, the number of unemployed also declined by 282,000 to stand at 3.3 million in the period under review, compared to the same period in 2016 when the unemployment rate was 12.4%.

Let’s note that the Egyptian government wants to reduce the unemployment rate to 4%, in the framework of its sustainable development strategy called “Vision Egypt 2030”

APPP2018 480x110 ENG

At the end of 2017, there were 148,000 wealthy individuals with a...
Read more |  19 September 2018
Public Management
19 September 2018
In Morocco, the trade deficit worsened by 10.1% in the first eight...
Read more |  19 September 2018
In Egypt, the trade deficit reached $3.62 billion by June 2018, representing a...
Read more |  19 September 2018
Zimbabwe will disburse a $64 million urgency plan to manage the new cholera...
Read more |  19 September 2018
Barrick Gold is looking for Chinese partners to help develop its “struggling”...
Read more |  18 September 2018
Morocco will issue Islamic bonds (sukuks) during the first week of October...
Read more |  18 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.