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282073

Nowcasting Egypt GDP Using machine learning Algorithms

Article

Last updated: 24 Dec 2024

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Abstract

This paper aims to determine the most accurate algorithm for predicting the Egyptian gross domestic product (GDP) and not only and also to determine the relative weight of the effect of the components of the output on it to assist decision-makers in making good economic policies. It turned out that the gradient algorithm is the most accurate and highly efficient algorithm for predicting the Egyptian GDP. It also became clear that government investment is the biggest
influence on the Egyptian GDP at 21%, followed by the consumer spending of the family sector at 19%, followed by investment spending by the private sector and imports by the same 15%, then exports and government spending by 14% and 13%, respectively. Thus, to stimulate and maximize the size of the Egyptian GDP, the decision-maker must focus on stimulating government investment spending and consumer spending for the household sector and investment spending for the private sector.

DOI

10.21608/jocc.2023.282073

Keywords

Gross Domestic Product, Inflation Rate, Unemployment Rate, Machine Learning Algorithms, Gradient boosting

Authors

First Name

Diaa

Last Name

AbdElminaam

MiddleName

s

Affiliation

Department of Data Science , Faculty of Computer Science , Misr International University , Cairo , Egypt

Email

diaa.salama@miuegypt.edu.eg

City

-

Orcid

0000-0002-1544-9906

First Name

mohamed

Last Name

Abd El-Aal

MiddleName

-

Affiliation

Economics, faculty of commerce, Arish University

Email

fawzi_1988@yahoo.com

City

mansoura

Orcid

-

First Name

Alaa

Last Name

abdellatif

MiddleName

-

Affiliation

higher Institute of Commercial Sciences, Mahla, Egypt

Email

alaaebrahimabdellatif@gmail.com

City

-

Orcid

-

Volume

2

Article Issue

1

Related Issue

39171

Issue Date

2023-01-01

Receive Date

2022-09-30

Publish Date

2023-01-25

Page Start

1

Page End

8

Online ISSN

2636-3577

Link

https://jocc.journals.ekb.eg/article_282073.html

Detail API

https://jocc.journals.ekb.eg/service?article_code=282073

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Type

Original Article

Type Code

731

Publication Type

Journal

Publication Title

Journal of Computing and Communication

Publication Link

https://jocc.journals.ekb.eg/

MainTitle

Nowcasting Egypt GDP Using machine learning Algorithms

Details

Type

Article

Created At

24 Dec 2024