Forecast: Exports of ICT Services in Egypt

The exports of ICT services in Egypt have experienced significant fluctuations over the past decade. Starting from a value of $949 million in 2013, the exports hit a low of $681.9 million in 2017 but then saw a notable recovery. The period from 2019 to 2021 marked a particularly strong growth phase, with year-on-year increases of 28.3% in 2020 and 30.41% in 2021. By 2023, the exports stood at $1598.7 million, but the growth rate slowed to -3.42% year-on-year, bringing the 5-year CAGR to 16.27%. The forecasted data from 2024 to 2028 show a more moderate growth trend, averaging a 5-year CAGR of 0.63%, suggesting stabilization.

Future trends to watch for include:

• The potential for increased investment in ICT infrastructure and digital transformation initiatives.
• Policy changes and economic reforms that could impact the ICT sector's global competitiveness.
• The impact of global economic conditions on the demand for ICT services from Egypt.