Egypt’s current account deficit for the last quarter of 2019 narrowed to $3.19 billion from $3.25 billion in the same quarter of 2018, according to central bank data released on Monday.
Remittances from Egyptians working abroad increased to $6.97 billion from $6.14 billion, while tourism revenue climbed to $3.06 billion from $2.86 billion.
Reuters calculated the figures by subtracting third-quarter figures released earlier by the central bank from those for the last half of the calendar year.
Suez Canal revenue rose to $1.52 billion during the fourth quarter of 2019 from $1.49 billion a year earlier.
The trade deficit rose to $9.92 billion from $9.44 billion.
Foreign direct investment edged down to $2.61 billion from $2.77 billion, while net portfolio investment surged to $2.26 billion from a negative $2.65 billion in the last quarter of 2018.