Egypt
Egypt’s economy depends mainly on agriculture, media, petroleum exports, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe. The completion of the Aswan High Dam in 1970 and the resultant Lake Nasser have altered the time-honored place of the Nile River in the agriculture and ecology of Egypt. A rapidly-growing population, limited arable land, and dependence on the Nile all continue to overtax resources and stress the economy.The government has struggled to prepare the economy for the new millennium through economic reform and massive investments in communications and physical infrastructure. Egypt has been receiving U.S. foreign aid (since 1979, an average of $2.2 billion per year) and is the third-largest recipient of such funds from the United States following the Iraq war. Its main revenues however come from tourism as well as traffic that goes through the Suez Canal.
|
Demographic Data |
|
Economic Data |
|
Cultural & Other Data |
|
|
|
GDP (PPP, $bn) |
442.6 |
Capital |
Cairo |
|
|
Area (sq. km.) |
1,001,450 |
GDP Real Growth (%) |
6.9 |
Other Large Cities |
Alexandria |
|
Population (million) |
83.08 |
PerCap GDP ($) |
5,400 |
Primary Language |
Arabic |
|
Population Growth % |
1.642 |
Prime Lending Rate (%) |
12.51 |
Urban Population % |
43 |
|
% Population Under 15yrs |
31.4 |
Inflation Rate% |
18 |
Urban Growth % |
1.8 |
|
Population below poverty line (%) |
20 |
Unemployment% |
8.7 |
Literacy (% of population) |
71.4 |
|
Agricultural Workers (% of population) |
32 |
Foreign Direct Investment($bn) |
59.03 |
Education spending as % of GDP |
4.2 |
|
Industrial Workers (% of population) |
17 |
Debt-External ($bn) |
28.84 |
CPI Score (1-10)* |
2.8 |
|
Service Workers (% of population) |
51 |
Exports ($bn) |
33.36 |
Corporate Income Tax % |
20 |
|
Labor Force (mil) |
24.72 |
Imports ($bn) |
56.43 |
Ease of Doing Business Ranking ** |
114 |
CURRENCY EXCHANGE RATE
05/26/09 $1 = 7.85 EGP
Loading ...