Economy
The economy in Egypt is in poor shape. The GDP is $996.551 billion, that may sound like a lot but they are ranked 12th out of 15 countries in the Middle East/Northern Africa. The GDP per capita is even worse! The total is $3,314.46 in U.S. dollars. Over 30% of the population is under the poverty line. The GDP per sector is agricultural 14.5%, industry 37.5%, and services 48%.
Is Egypt a developed or a developing country?
Egypt is deffifinatley a developing country. The way to determine a developed or developing country is though GPD per capita. If the GDP per capita is or below $11,905 then it is considered a developing country. There are still over 137 developing countries!
Fun facts about Egypts economy
Their main export partner is Italy. Their main import partner is China. Since 1981 Egypts economy has only gone up $1,959.65!
Egypt is deffifinatley a developing country. The way to determine a developed or developing country is though GPD per capita. If the GDP per capita is or below $11,905 then it is considered a developing country. There are still over 137 developing countries!
Fun facts about Egypts economy
Their main export partner is Italy. Their main import partner is China. Since 1981 Egypts economy has only gone up $1,959.65!