The Minister of Planning and Economic Development reviews the draft sustainable development plan 2022-2023 at the meeting of the Planning and Budget Committee in the House of Representatives

Minister of Planning and Economic Development
The plan for the new fiscal year takes into account dealing with global crises and the objectives of national projects

The annual unemployment rate for 2021 decreased to 7.4%

Egypt’s Minister of Planning & Economic Development, Dr. Hala El-Said reviewed the statement of the investment plan for the fiscal year 2022-2023 at the meeting of the Planning and Budget Committee in the House of Representatives, headed by Dr. Fakhri El-Feki, Chairman of the Committee.


El-Said talked about the development of the Egyptian economy indicators, pointing to the growth of the Egyptian economy during the first half of the fiscal year 21/2022.

 El-Said explained that the highest semi-annual growth rate since the beginning of the millennium was achieved, supported by the significant growth in the first and second quarters, which amounted to about 9% compared to the corresponding growth rate in the previous year 2021/20, which amounted to 1.3%, affected by the Coronavirus pandemic.


El-Said confirmed the continuation of good performance in most sectors during the second quarter of the current fiscal year 2021/2022.

El-Said pointed out that the restaurants and hotels sector achieved remarkable growth with the return of tourism activity to recovery at a rate of 62.7% and the growth of the sectors of the Suez Canal, communications, and industry at high rates, bringing the growth rate of the telecommunications sector to 16.7%, the Suez Canal sector 13%, and manufacturing industries by 10.1%.

El-Said pointed to the annual unemployment rate in 2021, explaining that it decreased to 7.4%, a decrease of 0.5% from the previous year 2020.

 This included a decrease in unemployment rates for both males and females, explained by a decrease in the male unemployment rate from 6 to 5.6%, and a decrease in the female unemployment rate from 17.7% to 16% in 2021.
El-Said added that the total number of employees reached 27.1 million, compared to 26.1 million employees in 2020, with an increase of 3.7%.


El-Said explained that the rate of contribution to economic activity in 2021 increased to 42.9% of the total population of 15 years and over, compared to 41.5% in 2020, driven by the increase in contribution rates for both males and females, where the male contribution rate increased to 69% compared to 67.4% in the year 2020.


 The female contribution also increased to 15.2%, compared to 14.3% in 2020, which indicates that the rate of contribution to economic activity among males is four times the amount among females.


El-Said stressed that the investment plan for this year takes into account the global crises and the repercussions of the Russian-Ukrainian war, as well as seeking to maintain the rates of achievement of the goals of national projects and development plans.