News

Egypt’s Unemployment Rate Drops to 11.8 Percent In 2017

Egypt’s Unemployment Rate Drops to 11.8 Percent In 2017

Unemployment rates among Egypt’s youth have reached a staggering 26.3 percent. Credit: Peter Macdiarmid/ Getty Images

A new report released by Egypt’s Statistics Body Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday revealed that the rate of unemployment in Egypt has dropped to 11.8 percent in 2017, in comparison t0 12.5 percent the year before.

The figures presented by CAPMAS showed that the rate of unemployment among youth whose age range between 15 to 29 is 24.8 percent. The rate in this age segment reached 20 percent among males whilst it reached 36.5 percent among females.

On Sunday, Egypt’s minister of finance Amor el-Garhy stated during a general session at the parliament that the economic reform program undertaken by Egypt has contributed to the reduction of unemployment rate by 2,3 percent over the past three years, saying that the projects implemented by the government are providing new job opportunities.

In order to decrease the rates of unemployment, high rates of economic growth are needed. Egypt’s growing population also contributes significantly to the problem. In 2017, the number of unemployed people recorded some 3.46 million.

Additionally, the report of CAPMAS revealed that the unemployment rate in urban areas accounts for 14.5 percent, while in rural areas it recorded 9.8 percent.

102 Churches to be Legalised in Egypt
Egypt's El Gouna International Squash Open Gears Up to Feature Heated Matches

Subscribe to our newsletter


News

More in News

Man Killed While Swimming in Luxurious Hacienda Bay

Seif GhallabJune 17, 2018

Fuel Price Hike Prompts Increase in Public Transportation Fares

Egyptian StreetsJune 17, 2018

Fuel and Cooking Gas Prices Surge In Egypt

Jana Bou MatarJune 16, 2018

“Egypt Won!”: Egyptians ‘Proud’ Despite World Cup Loss to Uruguay

Egyptian StreetsJune 16, 2018

Egypt Loses 1-0 to Uruguay in Tense Performance

Egyptian StreetsJune 15, 2018

Mohamed Salah ‘Not Among Starting XI’ in Uruguay World Cup Match

Egyptian StreetsJune 15, 2018

Mo Salah Will Play in Egypt – Uruguay Match of World Cup

Sara AhmedJune 14, 2018

Egypt Replaces Minsters of Interior and Defence in Surprise Move

Egyptian StreetsJune 14, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.