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Economy in Egypt Essay

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Below is an essay on "Economy in Egypt" from Anti Essays, your source for research papers, essays, and term paper examples.

1- GDP

It refers to the total market value of all final goods and services produced in a country in a given year. GDP Growth Rate in Egypt is reported by the Central Bank of Egypt. From 2008 until 2012, Egypt GDP gross rate averaged 3.8 percent reaching an all time high of 7.3 in the second quarter of 2008 and a record low of -4.2 in the second quarter of 2011, this recession in 2011 may be due to the political instability which started after the Egyptian revolution in 25 Jan. However The Gross Domestic Product (GDP) in Egypt expanded in the second quarter of 2012 over the previous quarter to reach 5.2 percent. Egypt has one of the most developed and diversified economies in the Middle East. Agriculture (cotton, corn, sugarcane, fruit and vegetables, fodder, and rice), industry (textiles and clothing, chemicals, steel, consumer electronics and home appliances) and services (tourism) represent almost equal rates in national production. However, despite high levels of economic growth over the past few years, living conditions for the average Egyptian remain poor.

2- Inflation rate

It is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Inflation Rate in Egypt is reported by the Central Agency for Public Mobilization & Statistics. From 2008 till 2012, Egyptian inflation rate reaches an all time high in the third quarter of 2008 to exceed 26 percent declined significant over the years till it reached its lowest level in 2012 as the economy struggles to rebound from the uprising that ousted President Hosni Mubarak last year. We notice that the decrease in the inflation rate may reflect the inversely proportional relation between the inflation rate and the GDP because the price level is directly proportional to the supply of money and inversely proportional to the physical volume of production.

3- Unemployment rate

The unemployment rate measures the number of people actively...

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Economy in Egypt. Anti Essays. Retrieved December 16, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Economy-In-Egypt-392859.html


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