What are the top 5 industries in Egypt?

Egypt's economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism.

What is the top growing industry in Egypt?

ICT industry is known to be the fastest-growing sector in Egypt. The sector hit new heights, recording a growth rate of about 16.7%, outpacing all the state's economic sectors during the fiscal year 2021/2022.

What is Egypt famous for producing?

Its most important exports include petroleum and petroleum products, followed by raw cotton, cotton yarn, and textiles. Raw materials, mineral and chemical products, and capital goods are also exported. Among agricultural exports are rice, onions, garlic, and citrus fruit.

What is the industry breakdown of Egypt?

In 2022, agriculture contributed around 10.95 percent to the GDP of Egypt, 32.71 percent came from the industry and 51.43 percent from the service sector.

What is Egypt biggest export?

Its most important exports include petroleum and petroleum products, followed by raw cotton, cotton yarn, and textiles. Raw materials, mineral and chemical products, and capital goods are also exported.

Top 5 Things to do in Egypt | Egypt Travel Tips

Is Egypt a rich or a poor country?

Egypt's GDP ranks quite high, but its GDP per capita is below the world average, and using the World Bank's categories, Egypt is a “lower middle income” country [6].

Is Egypt richer than India?

India's GDP of USD 3178 billion is considerably larger than Egypt's USD 403 billion. But Egypt's per capita GDP (USD 3539) and per capita trade (USD 653) is higher than India's at USD 2097, and USD 423 respectively.

Why is Egypt wealthy?

Egypt is a land rich in gold, and ancient miners employing traditional methods were thorough in their exploitation of economically feasible sources. In addition to the resources of the Eastern Desert, Egypt had access to the riches of Nubia, which is reflected in its ancient name, nbw (the Egyptian word for gold).

What sells the most in Egypt?

Hobby & Leisure is the largest market and accounts for 25.1% of the Egyptian eCommerce revenue. It is followed by Electronics with 22.4%, Fashion with 17.9%, Furniture & Homeware with 11.5%, Care Products with 9.0%, DIY with 8.4%, and Grocery with the remaining 5.6%.

What is the fastest growing sector in Egypt?

Egypt's Information and Communications Technology (ICT) sector experienced a remarkable 16.3 percent growth in FY2022/2023, marking it as the country's fastest-growing sector for the fifth consecutive year, according to a statement by the Information Technology Industry Development Agency (ITIDA) on Tuesday.

Is it safe to go to Egypt right now?

Latest update:We continue to advise reconsider your need to travel to Egypt. Terrorist attacks could occur anywhere in Egypt. Potential targets include religious sites and tourist locations.

Is Egypt a Third World country?

What is an example of a third world country? Under the Cold War definition of a third world country, Venezuela, the Philippines, and Egypt were third world countries. Modern developing countries include Somalia, Honduras, and Nepal.

What are 5 interesting facts about Egypt?

Who is richer Pakistan or Egypt?

Egypt has a larger economy and a higher GDP per capita compared to Pakistan. Egypt also has a more established tourism industry, historical sites, and a significant role in regional politics and diplomacy.

Is Egypt a powerful country?

Egypt is considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide.

Is Turkey richer than Egypt?

Economy. Egypt has a GDP per capita of $12,000 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020. In Egypt, 32.5% live below the poverty line as of 2017. In Turkey, however, that number is 14.4% as of 2018.

What is the 1 poorest country?

1. Burundi. Burundi consistently ranks among the poorest countries globally. Economic instability, political unrest, and reliance on subsistence agriculture contribute to its economic struggles.

Why is Egypt a 3rd world country?

The term 3rd world originated from countries not involved in the cold-war, such as Egypt, most African and south-east Asian countries. According to that definition, Egypt is a 3rd world country.

Are most people in Egypt poor?

MEDIAN INCOME

A much higher share of the population lives on less than US$3.20 per day, a poverty line used by the World Bank as a benchmark for lower middle income countries. In 2017-18, the poverty rate at US$3.20 was estimated to be 26.1 percent, up from 16.1 percent in 2015.

How do people in Egypt make money?

A sizeable portion of Egypt's 80 million people make their living by servicing others in the Gulf's oil industry, along the Suez Canal, or from tourism.

What are 3 interesting facts about Egypt?

Fast facts

The ancient Egyptians worshipped over 2,000 gods and goddesses. Cleopatra, Egypt's last pharaoh, lived closer to our time than to the building of the Pyramids at Giza. Ancient Egyptian bakers sometimes kneaded bread dough with their feet.