Egypt’s unemployment rate hits 12.8 percent in 2015

Egypt’s unemployment rate stood at 12.8 percent in 2015, head of the Central Agency for Public Mobilization and Statistics (CAPMAS), Abu Bakr al-Gendy said on Friday.He added that Egypt’s annual inflation rate ranged from 10 to 11 percent throughout 2015 compared to 10.1 percent in 2014.

Unemployment rate in Egypt averaged 10.74 percent from 1993 until 2015, reaching an all-time high of 13.40 percent in the third quarter of 2013 and a record low of 8.10 percent in the second quarter of 1999, according to the Egyptian State Information Service.

Inflation Rate in Egypt averaged 8.96 percent from 1958 until 2015, reaching an all-time high of 35.10 percent in June of 1986 and a record low of -4.20 percent in August of 1962, according to a report issued recently by the Central Bank of Egypt.