Egypt Unemployment Rate

Egypt’s unemployment rate fell to 6.4% in the fourth quarter of 2024, down from 6.7% in the previous three-month period. It was the lowest rate on record, as the number of unemployed individuals decreased by 29,000 (-1.3%) to 2.13 million, while employment rose by 935,000 (+3.1%) to an all-time high of 30.99 million. Unemployment among men declined to 3.9% in Q4 from 4.2% in Q3, while the rate for women dropped to 16.6% from 18.2%. Finally, youth unemployment (ages 15-29) accounted for 64.6% of the unemployed population, slightly lower than 65.7% in Q3 2024.