Egypt has a stable economy in the Middle East and North Africa enjoying continuous growth, averaging 4%–5% in the past quarter-century. The economy embarked on various stages of development during which the public and private sectors played roles varying in relative importance.
Economy of Egypt - Wikipedia, the free encyclopedia
Gross domestic product (GDP) per capita based on purchasing-power-parity (PPP) increased fourfold between 1981 and 2006, from US$ 1355 in 1981, to US$ 2525 in 1991, to US$ 3686 in 2001 and to an estimated US$ 4535 in 2006. Based on national currency, GDP per capita at constant 1999 prices increased from EGP 411 in 1981, to EGP 2098 in 1991, to EGP 5493 in 2001 and to EGP 8708 in 2006. Based on the current US$ prices, GDP per capita increased from US$ 587 in 1981, to US$ 869 in 1991, to US$ 1461 in 2001 and to an estimated US$ 1518 (which translates to less than US$ 130 per month) in 2006. According to the
World Bank Country Classification, Egypt has been promoted from the low income category to lower middle income category.
There have been several favorable conditions that allowed the
Central Bank of Egypt to accumulate net international reserves, which increased from US$ 20 billion in FY2005, to US$23 billion in FY2006, and to US$30 billion FY2007 contributing to growth in both reserve money and in broad money (M2).
Central Bank of Egypt - Wikipedia, the free encyclopedia
The Egyptian information and communications sector has been growing significantly since it was separated from the transportation sector. The market for telecommunications market was officially deregulated since the beginning of 2006 according to the WTO agreement.
The Egyptian equity market is one of the most developed in the region with more than 633 listed companies. Market capitalization on the exchange doubled in 2005 from USD 47.2 billion to USD 93.5 billion, with turnover surging from USD 1.16 billion in January 2005 to USD 6 billion in January 2006.
Privatization in Egypt | Privatization program of Egypt | Egypt privatization
Significant improvement to the domestic economic environment increased investors' confidence in Egypt. The
Cairo & Alexandria Stock Exchange is considered among the best ten emerging markets in the world. The changes to the policy also attracted increased levels of foreign direct investment in Egypt.
According to the UN Conference on Trade and Development's World Investment Report, Egypt was ranked the second largest country in attracting foreign investment in Africa.
Poverty has a strong regional dimension in Egypt and concentrates in Upper Egypt region, both urban (18.6%) and rural( 39.1), while metropolitan areas are the least poor (5.7%).
Economy of Egypt - Wikipedia, the free encyclopedia
https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html
Egypt's infant mortality rate is 82nd in the world, which is better than some other countries in the area - Afghanistan, Pakistan, Western Sahara, Yemen, Azerbaijan, Turkmenistan, Iran, Iraq, Tajikistan, Kyrgystan, and Algeria - But below that of Kazakhstan, Turkey, Uzbekistan, Libya, Tunisia, Gaza Strip, Lebanon, Oman, Jordan, and Syria, and Saudi Arabia.
https://www.cia.gov/library/publica...Egypt&countryCode=eg®ionCode=af&rank=82#eg
Like I've said -REPEATEDLY - I am not defending Mubarak in any way. What I am trying to do is look at the situation from all angles - which includes looking at the negatives AND the positives of life in Egypt today.
In other words, putting some perspective on things. If we are going to support the overthrow of the Egyptian government - in word or in deed - we need to know what is being disgarded - and we need to know what is at risk.
How does life in Egypt compare to life in other countries in that part of the world? What's the trade off? How will the people of Egypt be impacted - short and long term? Are they going to be worse off or better off?
We can't determine this with any accuracy at all if we don't look at Egypt in context. We can't compare Egypt to a Western country - without comparing it to other countries in that region as well.