Section 1: General Economic and Financial Outlook (Continued)
  Annual Profile        Quarterly Profile
2000/01 2001/02 2002/03 2003/04 2004/05 July-Sep Oct-Dec Jan-Mar  Apr-June July-Sep Oct-Dec Jan-Mar  Apr-June
 03/04  03/04 2004 2004  2004 2004 2005 2005
H. External Sector          
(In US $ Millions)            
Current Account Receipts 22,517 20,991 22,256 27,368 34,273   6186 6945 7613 8364 8093 8676 9141
Current Account Payments 22,550 20,377 20,313 23,950 31,380   5712 6391 6762 6915 7715 7690 9060
Trade Balance -9,363 -7,517 -6,615 -7,834 -10,377   -2012 -1918 -2301 -2288 -2810 -2136 -3143
Services Balance 5,588 3,878 4,949 7,318 7,843   1550 1543 1939 2662 1839 1530 1812
Current Account Balance -33 614 1,943 3,418 2,894   475 554 850 1449 378 987 80
Capital Account Net Flows -542 -964 -2,734 -5,016 3,396   -776 -1090 -918 -1411 1080 2016 1711
Overall Balance -871 -456 546 -158 4,478   20 -411 377 -103 817 2538 1226
Net International Reserves 1/ 14,244 14,147 14,809 14,781 19,302     14,329 14,781 14,675 15,427 18,043 19,302
(In Percent of GDP)            
Current Account Receipts 23.3 24.6 27.7 34.8 38.4 #DIV/0! #DIV/0! 8.8 9.7 9.4 9.1 9.7 10.2
Current Account Payments 23.4 23.9 25.3 30.4 35.1 #DIV/0! #DIV/0! 8.1 8.6 7.7 8.6 8.6 10.1
Trade Balance -9.7 -8.8 -8.2 -10.0 -11.6 #DIV/0! #DIV/0! -2.4 -2.9 -2.6 -3.1 -2.4 -3.5
Services Balance 5.8 4.6 6.2 9.3 8.8 #DIV/0! #DIV/0! 2.0 2.5 3.0 2.1 1.7 2.0
Current Account Balance -0.03 0.7 2.4 4.3 3.2 #DIV/0! #DIV/0! 0.7 1.1 1.6 0.4 1.1 0.1
Overall Balance -0.9 -0.5 0.7 -0.2 5.0 #DIV/0! #DIV/0! -0.5 0.5 -0.1 0.9 2.8 1.4
(In Percent of Current Account Receipts) 2/            
Non -Oil Exports 20.4 23.9 23.4 24.7 25.7 #DIV/0! 22.8 25.7 27.5 23.3 24.9 25.7 28.5
Oil-Exports 12.1 12.0 14.6 14.8 15.9 #DIV/0! 14.1 17.0 14.7 15.0 16.8 15.5 16.3
Tourism 19.8 17.2 17.6 20.7 19.4 #DIV/0! 19.9 19.1 18.3 26.1 18.1 17.4 16.2
Private Transfers 13.7 15.7 13.6 11.5 13.2 #DIV/0! 12.1 11.1 11.4 10.0 12.9 15.0 14.5
Other Indicators (%):            
Commodity Exports / Import Coverage  43 49 55 57 57 #DIV/0! 53 60 57 58 53 62 56
Services Exports / Import Coverage  191.5 167.6 190.1 229.2 209.1 #DIV/0! 209.7 197.4 237.2 275.0 209.4 172.3 196.9
NIR Import Coverage 3/ 10.4 11.6 12.0 9.7 9.6   10.3 8.9 8.3 8.2 7.7 9.7 8.1
NIR to Foreign Debt (%) 4/ 54.6 50.3 50.8 49.6 66.9 #DIV/0! 48.5 47.8 49.6 49.9 49.7 59.9 66.9
Source: Central Bank of Egypt.
1/ Discrepancy in NIR valuation may occur due to applying different exchange rates for various  components in the reserves portfolio.
2/ Excludes official transfers.
3/ In months of commodity imports.
4/ Excludes private sector debt.