Egypt’s unemployment rate hits 12.8% in 2015: CAPMAS
Unemployment crisis in Egypt - AFP PHOTO/MOHAMMED ABED (Archive)

CAIRO: 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 announced Friday.

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 (SIS.)

According to Gendy, Egypt’s annual inflation rate ranged from 10 to 11 percent throughout 2015 compared to 10.1 percent in 2014.

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 by the Central Bank of Egypt.

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