아프리카ㆍ중동

The economic situation continued to strengthen. Real gross domestic product (GDP) grew by 5.6 per cent in the fiscal year 2018-19, the highest rate in 11 years; inflation declined markedly to one-digit levels; the fiscal and current account deficits narrowed; and unemployment has declined to its lowest level in eight years.

Reforms under the Egypt Tourism Reform Programme were reflected in an increase in competitiveness and attractiveness. Egypt had the fourth-highest performance improvement in the World Economic Forum’s Travel and Tourism Competitiveness Index 2019, the World Travel and Tourism Council awarded Egypt the annual “2019 Global Champion Award” for promoting tourism resilience, the United Kingdom lifted flight restrictions to Sharm El Sheikh, and tourism revenues increased to US$ 12.5 billion in the fiscal year 2018-19; a record high.

Structural reforms have progressed strongly. The government has taken effective steps towards reforming energy subsidies, widening social protection coverage, strengthening tax collection, and deepening the efficiency of financial markets, in addition to amending the investment law.