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Complete Guide  to Egypt travel & Tours
Complete Egypt

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Complete Egypt

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Complete guide to Egypt  travel & Tours

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EGYPT General information

Economy

Economy - overview:

 

Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt's economy was highly centralized during the rule of former President Gamal Abdel Nasser but opened up considerably under former Presidents Anwar el-Sadat and Mohamed Hosni Mubarak. Cairo from 2004 to 2008 aggressively pursued economic reforms to attract foreign investment and facilitate GDP growth. The global financial crisis slowed the reform efforts. The budget deficit climbed to over 8% of GDP and Egypt’s GDP growth slowed to 4.6% in 2009, predominately due to reduced growth in export-oriented sectors, including manufacturing and tourism, and Suez Canal revenues. In 2010, the government spent more on infrastructure and public projects, and exports drove GDP growth to more than 5%, but GDP growth in 2011 is unlikely to bounce back to pre-global financial recession levels, when it stood at 7%. Despite the relatively high levels of economic growth over the past few years, living conditions for the average Egyptian remain poor.

 

GDP (purchasing power parity):

$500.9 billion (2010 est.)

Country comparison to the world: 27

$475.7 billion (2009 est.)

$454.8 billion (2008 est.)

Note: data are in 2010 US dollars

 

GDP (official exchange rate):

$216.8 billion (2010 est.)

 

GDP - real growth rate:

5.3% (2010 est.)

 

Country comparison to the world: 55

4.6% (2009 est.)

7.2% (2008 est.)

 

GDP - per capita (PPP):

$6,200 (2010 est.)

Country comparison to the world: 136

$6,000 (2009 est.)

$5,900 (2008 est.)

Note: data are in 2010 US dollars

 

GDP - composition by sector:

Agriculture: 13.5%

Industry: 37.9%

Services: 48.6% (2010 est.)

 

Labour force:

26.1 million (2010 est.)

Country comparison to the world: 21

 

Labour force - by occupation:

Agriculture: 32%

Industry: 17%

Services: 51% (2001 est.)

Unemployment rate:

9.7% (2010 est.)

Country comparison to the world: 107

9.4% (2009 est.)

 

Population below poverty line:

20% (2005 est.)

 

Household income or consumption by percentage share:

Lowest 10%: 3.9%

Highest 10%: 27.6% (2005)

 

Distribution of family income - Gini index:

34.4 (2001)

Country comparison to the world: 90

 

Investment (gross fixed):

18.4% of GDP (2010 est.)

Country comparison to the world: 108

 

Budget:

Revenues: $46.82 billion

Expenditures: $64.19 billion (2010 est.)

 

Public debt:

80.5% of GDP (2010 est.)

Country comparison to the world: 16

80.9% of GDP (2009 est.)

 

Inflation rate (consumer prices):

12.8% (2010 est.)

Country comparison to the world: 208

11.9% (2009 est.)

 

Central bank discount rate:

8.5% (31 December 2009)

Country comparison to the world: 34

11.5% (31 December 2008)

 

Commercial bank prime lending rate:

11.98% (31 December 2009 est.)

Country comparison to the world: 65

12.33% (31 December 2008 est.)

 

Stock of narrow money:

$37.8 billion (31 December 2010 est.)

Country comparison to the world: 49

$33.42 billion (31 December 2009 est.)

 

Stock of broad money:

$166.2 billion (31 December 2010 est.)

Country comparison to the world: 42

$146.7 billion (31 December 2009 est.)

 

Stock of domestic credit:

$145.6 billion (31 December 2010 est.)

Country comparison to the world: 42

$131.5 billion (31 December 2009 est.)

 

Market value of publicly traded shares:

$89.95 billion (31 December 2009)

Country comparison to the world: 43

$85.89 billion (31 December 2008)

$139.3 billion (31 December 2007)

 

Agriculture - products:

Cotton, rice, corn, wheat, beans, fruits, vegetables; cattle, water buffalo, sheep, goats

 

Industries:

Textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals, light manufactures

 

Industrial production growth rate:

5.5% (2010 est.)

Country comparison to the world: 66

 

Electricity - production:

118.4 billion KwH (2007 est.)

Country comparison to the world: 28

 

Electricity - consumption:

104.1 billion KwH (2007 est.)

Country comparison to the world: 29

 

Electricity - exports:

814 million KwH (2007 est.)

 

Electricity - imports:

251 million KwH (2007 est.)

 

Oil - production:

680,500 bbl/day (2009 est.)

Country comparison to the world: 29

 

Oil - consumption:

683,000 bbl/day (2009 est.)

Country comparison to the world: 25

 

Oil - exports:

89,300 bbl/day (2009 est.)

Country comparison to the world: 68

 

Oil - imports:

48,450 bbl/day (2009 est.)

Country comparison to the world: 85

Oil - proved reserves:

4.3 billion bbl (1 January 2010 est.)

Country comparison to the world: 27

 

Natural gas - production:

62.7 billion cu m (2009 est.)

Country comparison to the world: 14

 

Natural gas - consumption:

42.5 billion cu m (2009 est.)

Country comparison to the world: 21

 

Natural gas - exports:

8.55 billion cu m (2009 est.)

Country comparison to the world: 22

 

Natural gas - imports:

0 cu m (2009 est.)

Country comparison to the world: 179

 

Natural gas - proved reserves:

1.656 trillion cu m (1 January 2010 est.)

Country comparison to the world: 22

 

Current account balance:

$270 million (2010 est.)

Country comparison to the world: 54

$-3.195 billion (2009 est.)

 

Exports:

$25.34 billion (2010 est.)

Country comparison to the world: 64

$23.09 billion (2009 est.)

 

Exports - commodities:

Crude oil and petroleum products, cotton, textiles, metal products, chemicals, processed food

 

Exports - partners:

Us 7.95%, Italy 7.26%, Spain 6.78%, India 6.69%, Saudi Arabia 5.53%, Syria 5.3%, France 4.39%, South Korea 4.27% (2009)

 

Imports:

$46.52 billion (2010 est.)

Country comparison to the world: 49

$45.56 billion (2009 est.)

 

Imports - commodities:

Machinery and equipment, foodstuffs, chemicals, wood products, fuels

 

Imports - partners:

Us 9.92%, china 9.63%, Germany 6.98%, Italy 6.88%, turkey 4.94% (2009)

 

Reserves of foreign exchange and gold:

$35.72 billion (31 December 2010 est.)

Country comparison to the world: 34

$33.93 billion (31 December 2009 est.)

 

Debt - external:

$30.61 billion (31 December 2010 est.)

Country comparison to the world: 64

$29.66 billion (31 December 2009 est.)

 

Stock of direct foreign investment - at home:

$72.41 billion (31 December 2010 est.)

Country comparison to the world: 48

$66.71 billion (31 December 2009 est.)

 

Stock of direct foreign investment - abroad:

$4.9 billion (31 December 2010 est.)

Country comparison to the world: 59

$4.272 billion (31 December 2009 est.)

Cairo short stay tour  03 Days/02 Nights

3 nights Cairo tour 04 Days/03 Nights

Cairo, & Alexandria tour 6 Days/05 Nights

Cairo long stay 6 Days/05 Nights

Cairo, cruising the Nile 07 Days/6 Nights

Memorable trip 07 Days / 06 Nights

Across the Nile river 08 Days/07 Nights

The land of pharohs 09 Days / 08 Nights

leisure at red sea, Alexandria 10 D/09 N

Egypt dream tour 11 Days / 10 Nights

Budget package 12 Days/11 Nights

Nile supreme 12 Days/11 Nights

Wonders of Egypt 14 Days/13 Nights

The ancient Egypt 14 Days/13 Nights

Beach soul 15 Days/14 Nights

Cairo, long cruise, & Alexandria 15 D/14 N

Explore Egypt 16 Days/15 Nights

Spiritual-Holy land 16 Days/15 Nights

Around Egypt 18 Days/17 Nights

Around Egypt & Petra 20 Days/19 Nights

Around Egypt & Jordan 26 Days/25 Night

Tour packages

Interesting tips

Many monuments have signs that say “No Flash Photography”, please obey these signs (you can be ejected from the site if you ignore the sign!). The very bright flash can cause serious damage to some of the ancient paintwork! Some reliefs have depictions that show male genitalia – this is not pornography, so there is no reason to be offended! If you are part of a group (of any size) the leader/guide will explain the reason for the depiction.

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