ALIGN="LEFT" SRC="cgtdcc.gif" Border="0" alt="#A"> Center for Global Trade Development
Centre pour le developpement du commerce global
Zentrum für weltweite Handels-Entwicklung
Centro para el desarrollo del Comercio Global
Egypt - Trade & Marketing Information
Egypt - Trade, Industry & Marketing Information | |
Search by Countries | | Search by industry | | Egypt - economy | | Key foreign trade data | | Global Marketplace On-line | | Index
ALIGN="RIGHT" SRC="/cgtd/global/mideast/egypt.gif"> Egypt - key economic data 



Economy Overview:

    Half of Egypt's GDP originates in the public sector, most industrial plants
    being owned by the government. Overregulation holds back technical
    modernization and foreign investment. Even so, the economy grew rapidly
    during the late 1970s and early 1980s, but in 1986 the collapse of world oil
    prices and an increasingly heavy burden of debt servicing led Egypt to begin
    negotiations with the IMF for balance-of-payments support. Egypt's first IMF
    standby arrangement concluded in mid-1987 was suspended in early 1988
    because of the government's failure to adopt promised reforms. Egypt signed
    a follow-on program with the IMF and also negotiated a structural adjustment
    loan with the World Bank in 1991. In 1991-93 the government made solid
    progress on administrative reforms such as liberalizing exchange and
    interest rates but resisted implementing major structural reforms like
    streamlining the public sector. As a result, the economy has not gained
    momentum and unemployment has become a growing problem. Egypt probably will
    continue making uneven progress in implementing the successor programs with
    the IMF and World Bank it signed onto in late 1993. Tourism has plunged
    since 1992 because of sporadic attacks by Islamic extremists on tourist
    groups. President MUBARAK has cited population growth as the main cause of
    the country's economic troubles. The addition of about 1.2 million people a
    year to the already huge population of 62 million exerts enormous pressure
    on the 5% of the land area available for agriculture along the Nile.


National product:
    GDP - purchasing power parity - $151.5 billion (1994 est.)
National product real growth rate:
    1.5% (1994 est.)
National product per capita:
    $2,490 (1994 est.)
Inflation rate (consumer prices):
    8% (1994 est.)
Unemployment rate:
    20% (1994 est.)
Budget:
  revenues:
    $18 billion
  expenditures:
    $19.4 billion, including capital expenditures of $3.8 billion (FY94/95 est.)



Industrial production:

    growth rate 2.7% (FY92/93 est.)
Electricity:
  capacity:
    11,830,000 kW


  production:
    44.5 billion kWh
  consumption per capita:
    695 kWh (1993)



Economic Activity


Industries:

    textiles, food processing, tourism, chemicals, petroleum, construction,
    cement, metals

Agriculture:
    cotton, rice, corn, wheat, beans, fruit, vegetables; cattle, water buffalo,
    sheep, goats; annual fish catch about 140,000 metric tons
Egypt - key foreign trade data 




Exports:

    $3.1 billion (f.o.b., FY93/94 est.)
  Commodities:
    crude oil and petroleum products, cotton yarn, raw cotton, textiles, metal
    products, chemicals
   Major Trade Partners::
    EU, US, Japan



Imports:

    $11.2 billion (c.i.f., FY93/94 est.)
  Commodities:
    machinery and equipment, foods, fertilizers, wood products, durable consumer
    goods, capital goods
   Major Trade Partners::
    EU, US, Japan
External debt:
    $31.2 billion (December 1994 est.)
Egypt - Trade, Industry & Marketing information

Customized business information

Business Directories