Egypt Economy

Adoption of the opening door policies in late 1970s, macro economic reforms in 1980s and 1990s has helped the private sectors in achieving a higher share in Egyptian economy.

The value of Gross Domestic Product (GDP) of the country was estimated at $82,427 million in the year 2003. The economy had registered a real GDP growth rate of 4.1% in the year 2004.

The tourism industry of the country has increased very fast with the international tourist arrivals reaching 7.5 millions in the year 2004. The WTO vision 2020 has clearly stated that Egypt would be the largest tourist receiving country in the African Continent.