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Egypt Country Profile

 
Basic Facts

Area:  1,001,000 Km2

Geographic Location: Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia, via a land bridge formed by the Sinai Peninsula. Most of Egypt's territory lies within the Nile Valley. Egypt is a Mediterranean country. It is bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south and Libya to the west

Natural Resources: Crude oil, natural gas, phosphates, and iron ore

Population (2015): 91,508,084 inhabitants

President: Abdel Fattah el-Sisi

Capital City: Cairo

Official Language: Arabic (official), English and French widely understood by educated classes

Population Administrative Division: 27 governorates

Government: http://www.egypt.gov.eg/

National Investment Promotion Agency: http://www.gafi.gov.eg/

Source: AfDB Socio Economic Database, United Nations Conference on Trade and Development (UNCTAD), General Authority For Investment and Free Zones (GAFI)

 
Economic Indicators

Production

GDP (current USD, 2015): 307.4 billion

GDP per capita (current USD, 2015): 3,360

Global competitiveness index (2015): 116 (world rank out of 140 countries, 2014-2015)

Annual growth rate of GDP per capita (constant prices, 2015): 1.59%

Consumer price index (annual variation rate, 2015): 10.42%

Monetary System

Denomination (ISO): Egyptian Pound (EGP)

Source: UNCTAD

Foreign Exchange Evolution
Average for PeriodUSD/EGPEUR/EGP
2011 5.933 8.247
2012 6.056 7.781
2013 6.870 9.122
2014 7.078 9.390
Social Indicators

Population (2015)91,508,084 inhabitants

Population growth (annual rate, 2015): 2.15%

Literacy rate (2010): 72.05%

Life expectancy (2015): 71.32 years

Urban population (2015): 39.93%

Human development index (2014): 108 (position in the world rank, 186 countries)

Quality of life:

Source:

 
Foreign Trade

Main Exports and Imports by geographic location (percent)

(Graph 1: Main export destinations)

(Graph 2: Main exports by Product)

(Graph 3: Main suppliers of imports)

(Graph 4: Main imports by Product)

Total exports (USD, 2014): 26.8 billion

Tax Regime

Income tax: 25%

Corporate tax: 25%

Value-added tax (VAT): 10%

Minimum capital requirement:

Time required to start a business (days): 8

Source: KPMG, World Bank

Strategic Sectors
 
 
 

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