#1 Economy of Egypt by DavisThompson 11.01.2023 00:53

The country's currency is the Egyptian pound. The symbol used for this currency is E£ and is abbreviated as EGP. 12.1% of the country's population is unemployed. The total number of unemployed in Egypt is 12,024,465. Egypt exports about US$24.81 billion and imports about US$59.22 billion each year. The country's Gini index is 30.8. Egypt has a Human Development Index (HDI) of 0.682. The Global Peace Index (GPI) for Egypt is 2,382. Egypt has a public debt equivalent to 45% of the country's gross domestic product (GDP) as estimated in 2014. Egypt is considered a developing country. A nation's stage of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The main industries in the country are textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals and light industry.

The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Egypt is US$946,591 billion. Every year, consumers spend around $207,137 million. The ratio of consumer spending to GDP in Egypt is 0%, and the ratio of consumer spending to world consumer market is 0.48. Corporate tax in Egypt is 25%. Personal income tax ranges from 10% to 20% depending on your specific situation and income level. VAT in Egypt is 10%. In 2013, Egypt received US$1806.6 million in foreign aid. In 2014, foreign aid amounted to $1414.4.

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