Etudes par pays volume 2, PDF, 346 p., 1,4 Mo - Femise

11873_02 Study D2: Poverty, Informal Sector, Health and Labour
1.2. Economy and Labor
Economic performance tops the government’s priorities, especially under
the current global conditions affecting world economy. The state’s
economic policy focuses on activating and affecting the role of the private
sector in development efforts, boosting domestic and foreign investments,
implementing national mega projects, promoting human development to
overcome the challenges of the new era, preparing youth to assume their
responsibilities in different fields of national action and bolstering women’s
role in community development.
- GDP growth rate: After several years of strong growth in the second half
of1990s, Egypt’s economic growth has slowed markedly over the last
three years. Real growth rate in the country’s gross domestic product
(GDP) was only 3.2% in 2002, compared to 3.4% in 2001, and to 6.0%
as recently as 2000.
- GDP per capita: GDP per capita has increased from US$ 1015 in 1995 to
US$ 1276 in 2002 (Ministry of Planning).
- GDP per Sector (2002) :
1. Commodity Sector: contributed by 49.8 percent of GDP) (HDR,
2002/2003).
- Agriculture: 16.5 percent of GDP.
- Industry: 33.3 percent of GDP.
2. Services sector: 50.2 percent of GDP.
- Unemployment Rate: There are different estimates of the UER that range
from 9.9% in 2002 (official estimate) to 17.5% (unpublished estimates)
during 1998- 2002.
- Inflation Rate: has declined sharply over the last 7 years. It was 2.4% in
2002 compared with 9.4% in 1996. However, the inflation rate rose again
to exceed 8% during the months of March to September 2003, due to the
new exchange rate policy, which moved towards a more liberalized
exchange rate. As a consequence, the value of the Egyptian Pound (LE)
FONDAZIONE CENSIS
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