What is the economy like in Egypt?
Economy of Egypt Statistics GDP growth 4.2% (2017) 5.3% (2018) 5.6% (2019e) 5.8% (2020f) GDP per capita $3,046 (nominal, 2019 est.) $14,023 (PPP, 2019 est.) GDP per capita rank 126th (nominal, 2019) 91st (PPP, 2019) GDP by sector agriculture: 11.7% industry: 34.3% services: 54% (2017 est.) Click to see full answer. Furthermore, what is the…
Economy of Egypt Statistics GDP growth 4.2% (2017) 5.3% (2018) 5.6% (2019e) 5.8% (2020f) GDP per capita $3,046 (nominal, 2019 est.) $14,023 (PPP, 2019 est.) GDP per capita rank 126th (nominal, 2019) 91st (PPP, 2019) GDP by sector agriculture: 11.7% industry: 34.3% services: 54% (2017 est.) Click to see full answer. Furthermore, what is the economy based on in Egypt?Egypt’s economy depends mainly on petroleum imports, tourism, agriculture, media, and natural gas.Furthermore, is Egypt a rich or poor nation? Egypt has a GDP of 1,047 billion USD based on the purchasing power parity (PPP). This ranks it as the 24 richest country in the world. Egypt, however, has a set of problems that hinder development and thus appears to be a poor country. Secondly, does Egypt have a good economy? Egypt’s economic freedom score is 52.5, making its economy the 144th freest in the 2019 Index. Its overall score has decreased by 0.9 point, with declines in scores for monetary freedom, business freedom, and judicial effectiveness overwhelming improvements in property rights and government spending.What is Egypt’s main source of income?Tourism. Tourism is a major source of income for Egypt, accounting for almost 20 percent of annual foreign-currency revenue, USD 8 billion in 2007, compared to USD 2.3 billion in 1995.
