NEW YORK, March 30, 2016 /PRNewswire/ -- Innovation & Knowledge Centre – Economic Research
A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trade, investment, and ease of doing business. Additionally, the report provides a PESTLE analysis of a country's business climate. The country profile can be an effective tool for businesses in their marketing, strategy, and planning exercises when studying the future prospects of an economy.
- Along with being the third most populous country in Africa, Egypt is also the most populated country in the Middle East with an average population growth rate of percent.
- Youth unemployment in the country has risen sharply in 2014 due to slower economic growth. The government and public sector still employs almost percent of all workers and percent of waged workers.
- After three years of political unrest due to uprising of the Arab spring, the 2014 election has bought in some stability in the country.
- Egypt's economic grew at a faster pace in 2014-15 driven by the manufacturing sector and a recovery in the tourist industry. However, the growth is expected slowdown in 2016 as a result of global weakness and an expected stagnation in the tourism sector.
- Egypt is a lower middle-income country with a per capita GDP of US$ . The government has liberalised its exchange-rate regime slightly, allowing the Egyptian pound to depreciate, which has supported export and tourism growth.
- The country is expected to receive higher revenues due to the financial aid provided by the Gulf States and new corporate taxes. However, the Egyptian public finances are still expected to remain in deficit.
- Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer in the world.
General Overview – Geography
- The total area of Egypt is square kilometers.
- Egypt is located in northern Africa and shares its borders with Gaza Strip, Israel, Libya, Libya and Sudan.
- It has a coastline of km with the Mediterranean Sea in the North, and the Red sea, the Gulf of Suez, and the Gulf of Aqaba in the East.
- The topography mainly consists of desert plateau but the eastern part is cut by the Nile river.
- Egypt is divided into four major parts- the Nile Valley and Delta, the Western desert , the Eastern Desert and the Sinai Peninsula.
- The highest elevation in Egypt is in the southern part of the country.
- The highest point in the country is Mount Catherine at feet, while its lowest point is the Qattara Depression at - feet.
- Egypt is administratively divided into governorates, regions, districts, and villages.
- There are governorates and they are the top tier of the country's five-tier jurisdiction hierarchy. A governorate is
administered by a governor, who is appointed by the President of Egypt and serves at the president's discretion.
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