Egypt Current Account (USD)

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Latest Release

Apr 08, 2024

Actual

-6,825M

-2,800M

Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the following: - trade balance -exports and imports of goods and services - income payments and expenditure -interest, dividends, salaries - unilateral transfers -aid, taxes, one-way gifts. It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and therefore helps to achieve balanced economic growth.

Importance:

Country:

Currency: EGP

Source: Central Bank of Egypt

Release Date	Time	Actual	Forecast	Previous
May 02, 2024	20:00			-2,800M
Apr 08, 2024 (Q4)	22:00	-6,825M		-2,800M
Jan 05, 2024 (Q3)	19:00	-2,800M		557M
Oct 24, 2023	20:45	557M		-3,485M
Aug 01, 2023 (Q1)	16:00	-3,485M		1,410M
May 03, 2023	09:25	1,410M	-4,700M	-3,200M

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