Egypt Places Third Amongst Forbes’ Middle East’s Largest Arab Economies; Fourth in Economist’s Normalcy Index

As per Forbes’s Middle East’s list of largest economies within the Arab region, Egypt placed third after Saudi Arabia (ranked first) and the United Arab Emirates (second). Egypt’s gross domestic product (GDP) value is predicted to increase up to USD 394.3 billion in 2021, from USD 361.8 billion in 2020. As per the Economist’s Normalcy Index that tracks the behavioural changes of countries in the face of COVID-19, Egypt has ranked fourth with an index of 88.7, according to Egypt’s Ministry of International Cooperation.

Why it Matters?

These rankings are indicative of Egypt’s resilience as an economy against the spread and negative consequences of the COVID-19 pandemic. Egypt’s real GDP growth is expected to rebo...