Egypt Economy

Egypt Economy  | read this item

Egypt is said to give birth to one of the oldest and richest civilizations. Anyway, in 1914 Egypt became a British protectorate and got independence in 1922. But in 1947 the British left the territory of the country and a few years later the republic was established.

Egypt economy experienced the backdrop during 1950s and 1960s years.

In the year of 2003 though Egypt calculated 67.6 million people; with the annual average growth rate 1.9%. In the year 1999 – 2000, 16.7% was the indicator of the national population below poverty. The male and female labor force were 16,664 and 4,894 thousands people.

As for the urban and rural population that is below poverty line, it was amounted to 23.3% and 22.5%. The child mortality rate is changing, moreover it is lessening, especially if compare such years with figures as 2002 (31.4), 2003 (30.2) and 2004 (28.6)

The GDP touched $82,427 million. A real GDP growth rate of Egyptian economy was 4.1% in 2004. Anyway, the years of 2001 and 2003 have the evidence of lower growth.

Topics: british protectorate, child mortality rate, economy, Egypt, Egypt Economy, egyptian economy, GDP, gdp growth, gdp growth rate, growth, mortality rate, national population, population, poverty, poverty line, rate, real gdp growth rate, year