A new analysis provides a comparative perspective on the economic performance of Egypt, Morocco and Tunisia with the European Union (EU), highlighting key trade dynamics between the regions.
According to the report, Morocco and Egypt’s GDP growth rates have slowed from 2023 levels, remaining at 2.8% and 2.7% respectively. In contrast, Tunisia and the EU saw slight improvements in their economic growth, reaching 1.6% and 1.1%, but both remain below the 2% threshold.
Egypt has faced significant economic challenges over the past two years, with inflation expected to rise to 33.3% in 2024 and its currency experiencing volatility. Despite this, trade in goods and services has shown steady growth since 2007.
Among the three North African countries, Morocco stands out as the leading EU trading partner in goods, while Egypt leads in services-based trade.