Egypt GDP

Egypt country overview

Before we start to discuss Egypt GDP first we discuss Egypt’s country overview, so Egypt is officially called the Arab Republic of Egypt. Cairo. Egypt’s official language is Arabic.

Egypt is generally a Muslim majority country and also an Arab ethnic majority country. Egypt’s government system is a Unitary presidential republic. Its president anime is Abdel Fattah El sisi.

Its prime minister’s name is Mustafa Madbouly. Egypt’s total land area is 1,010,410 km2. Its land area rank is 29th in the world. Its total population is 102,674,200 in the year 2021.

Its population rank is 14th in the world countries. Its population density is 102/km2. Its population density rank is 118th in the world.

Egypt Economy

Its currency is called the Egyptian pound. Egypt’s economy is generally called the developing and emerging economy and a lower-middle-income economy.

The inflation rate in Egypt is 5.7% in the year 2021. 32% of the Egyptian population live below the poverty line. Its HDI rate is 0.707 in the year 2020. ITs HDI rank is 116th in the world.

When we talk about its Labour force by occupation, agriculture 26%, industry 25%, and services are 49% in the year 2016. The unemployment rate in Egypt is 7.5% in the year 2021.

Egypt’s gross external debt is $129 billion in the year 2020. Its total foreign reserves are $40 billion in the year 2021.

Egypt GDP

Its total GDP is $440 billion (nominal) and $1.4 trillion (PPP) in the year 2021. Its GDP rank is 36th (nominal) and 21st (PPP) in the year 2021. Its GDP growth rate is 3.2% in the year 2021.

Its GDP per capita is $4,170 (nominal) and $14,220 (PPP) in the year 2021. Egypt’s GDP per capita rank is 118th (nominal) and 99th (PPP) in the year 2021.

When we talk about it GDP by sector, agriculture by 12%, industry by 34%, and services are 54% in the year 2018.

Egypt Exports

Egypt’s total exports are $36 billion in the year 2020. Its main export goods are oil, textile, metal, chemical, and others. Its main export partners are US, UAE, Turkey, India, and others.

Egypt Imports

Its total imports are $82 billion in the year 2020. Its main import goods are machinery, food products, fuels, wood, and others. Its main import partners are China, Russia, Saudi Arabia, and others.

References: Worldbank, IMF, Wikipedia

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