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ECON FACTBOOK

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Economy of Egypt

Population: 82 million in 20131

GDP: $272 billion in 20132

GDP per capita: $3,314 nominal3 ($11,085 PPP4) in 2013

GDP growth rate: 2.1% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities5323.8%
Mining and utilities3716.5%
Manufacturing3616.5%
Wholesale, retail trade, restaurants and hotels3214.7%
Agriculture, hunting, forestry, fishing3214.5%
Transport, storage and communication219.4%
Construction104.6%
Total value added221100%

Employment

Unemployment rate: 12.7% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Agriculture, forestry and fishing6,70228.0%
Construction2,72811.4%
Wholesale trade, retail trade and repair of motor vehicles2,68811.2%
Manufacturing2,57110.7%
Education2,2999.6%
Public administration and defence1,8867.9%
Transportation and storage1,6997.1%
Human health and social work6462.7%
Other service5972.5%
Accommodation and food service5252.2%
Professional, scientific and technical3711.5%
Electricity, gas, steam and air conditioning2260.9%
Water supply, sewerage and waste management2140.9%
Information and communication1890.8%
Finance and insurance1670.7%
Administrative and support service1470.6%
Activities of households as employers1330.6%
Arts, entertainment and recreation1130.5%
Mining and quarrying410.2%
Real estate260.1%
Extraterritorial organizations and bodies20.0%
Total employment23,974100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $390 billion (143% of GDP) in 201410

Household Wealth per Adult: $7,319 in 201410

Gini Coefficient: .308 in 200811

Government

Central Government

Central Government Revenue: $45 billion (16% of GDP) in 201312

Central Government Expenditure: $80 billion (29% of GDP) in 201312

Central Government Budget Balance: -$35 billion (-13% of GDP) in 201312

Central Government Public Debt: $230 billion (85% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 14.5% on Jan 26, 201514

* Public debt calculated using the exchange rate 7.44 EGP = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 25% in 201416

* Individual thresholds calculated using the exchange rate 7.44 EGP = 1 USD

Monetary Policy

Money Supply (M0): $43 billion (16% of GDP)17

Benchmark Interest Rate: Overnight deposit rate = 8.75% on Jan 18, 201518

Total Reserves: $17 billion (6% of GDP) in 201319

Exchange Rate: 7.44 Egyptian Pounds =1 U.S. Dollar on Jan 26, 2015 20

Inflation: 9.5% in 201321

* Money supply calculated using the exchange rate 7.44 EGP = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $25 billion (9% of GDP) in 201323

Imports: $59 billion (22% of GDP) in 201323

Trade Balance: -$34 billion (-13% of GDP) in 201323

Foreign Direct Investment Inflow: $6 billion (2% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $2 billion (1% of GDP) in 201225

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data Page (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Central Bank of Egypt, Research and Publications, Time Series, CBE Financial Position (Money supply) Go back
18. Source: Central Bank of Egypt (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back