CBE: GDP Rose By 1.9% In Nine Months

The Egyptian Gross Domestic Product (GDP) witnessed an increase of 1.9% in the first nine months of FY 2011/2012, compared to an increase of 2.5% in the first nine months of FY 2010/2011, according to the Central Bank of Egypt’s latest report.

The volume of GDP reached EGP 650 billion at the end of the first nine months of FY 2011/2012, up from EGP 638.1 billion at the end of the first nine months of FY 2010/2011. The private-sector GDP grew by 1.8%, registering EGP 408 billion at the end of the same period and public sector GDP grew by 1.9%, registering EGP 242 billion at the end of the same period.