Egypt ranked 70th among the emerging markets list that includes 77 emerging economies, according to the World Economic Forum’s Inclusive Development Index 2018.
The index said that Egypt’s score in overall Inclusive Development Index (IDI) registered 2.84, while it is expected to decrease by 6.52% in the five-year IDI trend, followed by Zimbabwe ranked in the 71st place, with a 2.54 overall IDI.
Meanwhile, South Africa ranked 69th with an IDI of 2.94, with the index predicting the score to remain unchanged along the five-year IDI trend. Meanwhile, Jordan ranked 50th and Tunisia ranked 39th.
Lithuania came in first place among emerging markets followed by Hungary, then Azerbaijan in third place.
The index’s developed markets included 30 developed countries, in which Norway came in first place across developed countries followed by Iceland, while Luxembourg took the third spot.
Among African countries, Egypt came in second place after South Africa, while Zimbabwe came in third place.
The report noted that Egypt’s public debt reached 97.1% of GDP, and the adjusted net saving reached 3.9%.
The poverty rate in Egypt reached 16.1%, with an employment rate of 43.6%, while the GDP per capita was estimated at $2,724, ranking 45th overall, according to the report.
Moreover, it categorised Egypt in the fifth quintile “watch out” zone, describing the economy as slowly receding.
In the context of emerging markets, Bloomberg released its 2018 list of most (and least) attractive emerging markets. Mexico and Turkey appeared to top the list of the most attractive emerging markets, because their real effective exchange rates are more competitive than their averages in the past 10 years. China and India are the least attractive due to historically high valuations and their economic growth unlikely to be as fast as they have been in the past decade.
The Bloomberg list did not include Egypt, as it was among four countries that was excluded for lack of data, according to the business news agency.