Egypt Economic Profile, Egyptian Economy, Economy of Egypt
Egypt the home of an Oldest and richest civilization in
the world was unified by Pharaoh Menes around 3200 B.C. Egypt became a British
protectorate in 1914 and got independence in the year 1922 but the British
troop left Egyptian territory in 1947.In 1953,the monarchy was abolished and
the republic was established under the presidency of Mohamad Naguib.
The Socialist economic system during the 1950s and 1960s
is considered as the backdrop of the Egypt Economy. The opening door
policies of late 1970s and macro economic reforms in 1980s and 1990s has helped
the private sectors in achieving a higher share in the economy.
Egypt Economy And Social Indicators
In the year 2003 the total population of Egypt was at 67.6
millions. The annual average growth rate of the population was at 1.9 %. The
density of peoples living per square Kilometer was at
68.In the year
1999-2000;the national population below poverty line was at 16.7%.
The rural
and urban population below poverty line was at 23.3% and 22.5% respectively.
The child mortality rate (per thousand) is declining from
31.4 in 2002,30.2 in 2003and 28.6 in 2004.The male and female labor force for the June, 2005 were at 16,664 and
4,894 thousands respectively.
Egypt Economy And Key Economic Indicators
The value of Gross Domestic Product (GDP) IN THE YEAR 2003
was estimated at $82,427 million. The Egyptian economy registered a real GDP
growth rate of 4.1% in the year 2004.The economy had experienced a lower growth
in 2001-03.The IMF projects the real GDP to grow by 4.8% in 2005.
