Official name: Arab Republic of Egypt
€ 1 = EGP 7.28
Capital city:
Cairo
Major cities:
Alexandria, Aswan, Cairo, Giza, Hurghada, Luxor, Port Said, Sharm el Sheikh
Area approx:
1 million km2
Population approx:
75 million
Population structure:
More than 56% under the age of 30
Language:
Arabic, English, French and German are common in academic and business circles
Climate:
Hot, long summer; mild short winter
GDP (nominal)
US $ 128 billion
GDP Breakdown
Services (54%), Industry (32%), Agriculture (14%)
Annual GDP growth:
7.2% (2007-8) - +/- 6% (2009 forecast)
Income per capita at PPP:
US $ 5,491 (ahead of both India and China)
Currency
Egyptian Pounds (EGP)
Mobile penetration (indicator for rising wealth and capital formation):
From 6% in 2002 to 53% in 2009 (forecast)
Retail loans as a percentage of GDP:
Approx. 6% (compared to >100% in the United States of America and United Kingdom
Exchange rates (January 14, 2009):
$ 1 = EGP 5.49
£ 1 = EGP 8.05