BoP and Exchange Rates

Balance of Payments and Exchange Rates

Balance of Payments

Trade deficit of $4.56bn

Trade balance as a percentage of gdp is -13.5%

Current Account

-$2185mil

CA balance as a percentage of gdp is -3%

Capital Account

FDI inflows were $7.39bn

Financial Account

Remittances account for 10% of gdp

Reasons for Deficits

• Egypt imports majority of…