Source: world bank Nominal/PPP
Summary:
Egypt GDP Per Capita expanded from 1960 to 2008, increasing from $156.39 to $1,896.22 .The compound annual growth rate (CAGR) averaged 5.34% over the period. The economy recorded its peak level in 2008 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 27.44%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Egypt Economic Phases (1960 - 2008)
From 1960 to 2008, Egypt economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1965–1968) indicating steady moderate growth
- High Growth (1969–1970) indicating robust economic expansion
- High Growth (1972–1973) indicating robust economic expansion
- High Growth (1975–1977) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- High Growth (1982–1985) indicating robust economic expansion
- High Growth (1992–1998) indicating robust economic expansion
- Contraction (2003–2004) indicating temporary slowdown
- High Growth (2005–2008) indicating robust economic expansion
The most remarkable growth occurred in 1975 with an increase of 23.104%, while the largest decline was in 1988 at -15.905%.