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| Issues - Foreign Aid - Foreign Aid Budget - Egypt's Current Economic Condition | ||||||||||||||||||||||||||
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| Egypt is probably the world's oldest civilization having emerged from the Nile Valley around 3,100 years ago, historically. Egypt is probably one of the oldest vacation spots. Early Greeks, Romans and others went there just for fun, and to see the wonders of some of mankind's earliest triumphs. Language -- Arabic (official), English and French widely understood by educated classes Major Religions -- Muslim (mostly Sunni) 94% (official estimate), Coptic Christian and other 6% (official estimate) Ethnic groups -- Eastern Hamitic stock (Egyptians, Bedouins, and Berbers) 99%, Greek, Nubian, Armenian, other European 1% Growth rate 1.86% Birth rate 27.31 births/1,000 Death rate 8.41 deaths/1,000 Fertility rate 3.41 children/woman Male life expectancy 60 Female life expectancy 64 Infant mortality rate 69.23 deaths/1,000 live births Labor force 17.4 million (1996) Unemployment rate 9.4% (1997) Inflation Rate 4.9% (1997) Gross domestic product (total value of goods and services produced annually) $267.1 billion (1997 est.) Budget $19.8 billion Debt $30.5 billion (1996) Exports $5.1 billion, primarily crude oil and petroleum products, cotton yarn, raw cotton, textiles, metal products, chemicals Imports $15.5 billion, primarily machinery and equipment, foods, fertilizers, wood products, durable consumer goods, capital goods Defense spending 8.2% of GDP (1997 est.) Highways 64,000 km (1996) Find out more about Egypt's growing economy by clicking HERE Find out more about modern Egypt by clicking HERE Return to the Foreign Aid/Affairs/Defense budget by clicking HERE |
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