ECONOMIC INFORMATION

 

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Population: 67.6m

Population growth: 1.77%

Population density (people per sq. km): 68

UN Human Development Index ranking: 120/177

Gross national income (current US$): $93.9bn (2003)

Gross national income per capita: $1,390

PPP Gross national income: $266.3bn

PPP Gross national income per capita: $3,940

GDP growth: 1.4% (2003)

GDP breakdown Agriculture: 16.1%, Industry: 34.0%, Services: 49.8%

Inflation (12-month average): 3.8 (2003)

Gross capital formation as % of GDP: 17.1%

Final consumption expenditure as % of GDP (growth): 84.8% (0.7%)

Exports of goods & services as % of GDP: 21.7%

Top 3 export markets: Italy, US, Germany

Local industries: Textiles, food processing, tourism, chemicals, hydrocarbons, construction, cement, metals

WEF Growth Competitiveness ranking *: 62/104

WEF Business Competitiveness ranking ** :66/103

WEF Quality of the Business Environment ranking: 68/103

Transparency International Corruption Perceptions ranking: 77/145

Languages: Arabic (official), English and French

 

 

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FDI INFORMATION

 

Region: North Africa

No. of projects (Jan-Sep 2004): 61

Market-share of projects in the region: 35.5%

Value of projects relative to GDP : 0.07%

Top 3 destination sectors: Energy, financial services, automotive OEM

Top 3 business functions: Manufacturing, business services,sales marketing & support

Top 3 source countries: Russia, UK, UAE

Top 3 investors: Aditya Birla, IRL, Nissan

 

 

IPA

 

Name: General Authority for Investment and Free Zones

Web address: www.gafi.gov.eg

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations