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

Turkish Airlines Will Send Direct Flights to Luxor as of October 2019

Nour EltiganiAugust 20, 2018

President Sisi Tightens Control Over Internet

Mirna AbdulaalAugust 19, 2018

What is the Punishment for Sexual Harassment in Egypt?

Egyptian StreetsAugust 18, 2018

National Council for Women Introduces New Poll App

Mirna AbdulaalAugust 17, 2018

Egypt’s Unemployment Rate Falls to 9.9%: CAPMAS

Mirna AbdulaalAugust 16, 2018

FIFA Rankings: Egypt Drops 20 Places After World Cup

Sara AhmedAugust 16, 2018

Tunisian President Seeks to Establish Equal Inheritance

Sara AhmedAugust 15, 2018

Netanyahu and Sisi Secretly Met to Discuss Ceasefire in Gaza

Mirna AbdulaalAugust 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.