Corruption Perception Index of Egypt
Egypt received a score of 33 on the 2020 Corruption Perceptions Index, a decrease of two points when compared with the previous year (2019). Egypt's corruption perception score rose by two points between 2010 and 2020.
Egypt fares poorly in comparison to other nations in the 2020 corruption perception index. The index score for Egypt has risen from a low of 31 in 2010 to a high of 33 in 2020.
The economy and the environment for business in Egypt have been damaged by the culture of nepotism and favoritism. The Penal Code of Egypt makes numerous types of corruption illegal. Egypt joined the UNCAC in February 2005, and in 2018, it launched its second national anti-corruption strategy, one of the key goals of which is to strengthen integrity and fight corruption in the business sector.
Outlook on Corruption Perception Index
Since 1995, the international non-governmental Transparency International organization has measured the Corruption Perception Indicator (CPI), a composite index, which tracks the degree of perceived corruption in the public sector by individuals and certain organizations. Results are rated from 0 to 100, with 0 denoting very corrupt behavior and 100 denoting behavior that is remarkably free from it.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are some of the leading nations with the lowest levels of corruption globally. In 2020, Finland, Switzerland, Singapore, and Sweden came in second with a score of 85, while Denmark and New Zealand had the highest score of 88. With a score of 12 out of 100 in 2020, Somalia and South Sudan are among the nations with the highest levels of corruption in the world.
Determinants of Corruption Perception Index
Political and Economic Environment:
Monetary policy is influenced by the political and economic environment, which also has a significant impact on the corruption phenomenon.
Level of GDP:
It has been shown that countries with relatively low GDP per capita levels often have higher levels of corruption. Apart from that, early developing countries frequently have lower corruption rankings.
Country Size:
Countries with low population densities and broad geographic areas are more susceptible to corruption because it is challenging to police public officials in dispersed locations.
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