Adoption of the opening door policies in the late 1970s, and macroeconomic reforms in the 1980s and 1990s have helped the private sectors in achieving a higher share of the Egyptian economy.
The value of the Gross Domestic Product (GDP) of the country was estimated at $82,427 million in the year 2003. The economy 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 million in the year 2004. The WTO vision 2020 has clearly stated that Egypt would be the largest tourist receiving country in the African Continent.
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