Names: conventional long form: Arab Republic of Egypt conventional short form: Egypt local long form: Jumhuriyat Misr al-Arabiyah local short form: Misr former: United Arab Republic (with Syria)
Capital City: Cairo
Population: 78,887,007 (July 2006 est.)
GDP Per Capita: $4,200 (2006 est.)
Currency: Egyptian pound (EGP)
Languages: Arabic (official), English and French widely understood by educated classes
Total Area: total: 1,001,450 sq km land: 995,450 sq km water: 6,000 sq km slightly more than three times the size of New Mexico
Region: Africa
Industries: textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals, light manufactures
Agriculture: cotton, rice, corn, wheat, beans, fruits, vegetables; cattle, water buffalo, sheep, goats
Resources: petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, zinc
Labor Force:
21.8 million (2006 est.)
agriculture: 32% industry: 17% services: 51% (2001 est.)
Exports:
$24.22 billion f.o.b. (2006 est.)
crude oil and petroleum products, cotton, textiles, metal products, chemicals
Imports:
$35.86 billion f.o.b. (2006 est.)
machinery and equipment, foodstuffs, chemicals, wood products, fuels
Overview:
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. In the last 30 years, the government has reformed the highly centralized economy it inherited from President NASSER. In 2005, Prime Minister Ahmed NAZIF reduced personal and corporate tax rates, reduced energy subsidies, and privatized several enterprises. The stock market boomed, and GDP grew about 5% per year in 2005-06. Despite these achievements, the government has failed to raise living standards for the average Egyptian, and has had to continue providing subsidies for basic necessities. The subsidies have contributed to a growing budget deficit - more than 10% of GDP each year - and represent a significant drain on the economy. Foreign direct investment remains low. To achieve higher GDP growth the NAZIF government will need to continue its aggressive pursuit of reform, especially in the energy sector. Egypt's export sectors - particularly natural gas - have bright prospects.
In 2007 Missouri exported $9,368,841 in goods to Egypt. This ranks Egypt 60th among the 223 international buyers of Missouri goods. Missouri exports to Egypt decreased from the previous year by $5,875,409 a change of -38.54%. State exports to Egypt have decreased over the last 5 years by $3,962,942 a change of -29.73%. Missouri exports account for .07%. of all 2007 US exports to Egypt.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 13,331,783 | 5,281,214 | 9,510,062 | 4,309,878 | 15,244,250 | 9,368,841 | |
| 000 - Total All Industries US | 2,866,154,701 | 2,660,207,219 | 3,104,524,328 | 3,168,920,280 | 4,103,782,069 | 5,347,083,236 | |