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Change in per capita GDP of Egypt, 1820–2018. Figures are inflation-adjusted to 2011 International dollars. From the 1850s until the 1930s, Egypt's economy was heavily reliant on long-staple cotton, introduced in the mid-1820s during the reign of Muhammad Ali (1805–49) and made possible by the switch from basin irrigation to perennial, modern irrigation. [25]
This is a list of governorates of Egypt by GDP and GDP per capita. The Egyptian pound (EGP) has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate (one International dollar per 4.538 EGP in 2021).
Natural gas supports the development of many petrochemical and fertilizer plants as well as provides electricity in Egypt. [7] The petrochemical industry uses natural gas as fuel in order to produce ammonia and urea. In 2009, the petrochemical industry consumed approximately 4.8 billion cubic meters. [8]
According to a statement issued by Egyptian President Abdel Fattah el-Sisi in 2016, the military represents between 1.5 and 2 percent of the Egyptian economy (US$2.39 billion to US$4.46 billion). Egypt's growing military footprint and its control over economic policy are considered by analysts to be a hallmark of the Sisi government and one of ...
Egypt has received United States foreign aid since 1979 (an average of $2.2 billion per year) and is the third-largest recipient of such funds from the United States following the Iraq war. Egypt's economy mainly relies on these sources of income: tourism, remittances from Egyptians working abroad and revenues from the Suez Canal. [215]
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates.