Egypt’s Balance of Payments Performance in 2013/14
Published: October 2014
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The Central Bank of Egypt (CBE) has recently published data on the performance of the Balance of Payments (BOP) in 2013/14, compared to 2012/13. The data for 2012/13, however, included some important revisions to previously published data for Q4 2012/13 and hence FY 2012/13.
According to the CBE, Egypt’s overall BOP recorded a surplus of USD 1.48 bn in 2013/14, implying an improvement of USD 1.24 bn relative to 2012/13. Such improvement was brought about by an increase in the current account balance , which outweighed the deterioration in the capital and financial account.
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