Compare Egypt (2008) - Egypt (2007)

Compare Egypt (2008) z Egypt (2007)

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	Egypt (2008)	Egypt (2007)

Background	The regularity and richness of the annual Nile River flood, coupled with semi-isolation provided by deserts to the east and west, allowed for the development of one of the world's great civilizations. A unified kingdom arose circa 3200 B.C., and a series of dynasties ruled in Egypt for the next three millennia. The last native dynasty fell to the Persians in 341 B.C., who in turn were replaced by the Greeks, Romans, and Byzantines. It was the Arabs who introduced Islam and the Arabic language in the 7th century and who ruled for the next six centuries. A local military caste, the Mamluks took control about 1250 and continued to govern after the conquest of Egypt by the Ottoman Turks in 1517. Following the completion of the Suez Canal in 1869, Egypt became an important world transportation hub, but also fell heavily into debt. Ostensibly to protect its investments, Britain seized control of Egypt's government in 1882, but nominal allegiance to the Ottoman Empire continued until 1914. Partially independent from the UK in 1922, Egypt acquired full sovereignty with the overthrow of the British-backed monarchy in 1952. The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile River in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society. The government has struggled to meet the demands of Egypt's growing population through economic reform and massive investment in communications and physical infrastructure.	The regularity and richness of the annual Nile River flood, coupled with semi-isolation provided by deserts to the east and west, allowed for the development of one of the world's great civilizations. A unified kingdom arose circa 3200 B.C., and a series of dynasties ruled in Egypt for the next three millennia. The last native dynasty fell to the Persians in 341 B.C., who in turn were replaced by the Greeks, Romans, and Byzantines. It was the Arabs who introduced Islam and the Arabic language in the 7th century and who ruled for the next six centuries. A local military caste, the Mamluks took control about 1250 and continued to govern after the conquest of Egypt by the Ottoman Turks in 1517. Following the completion of the Suez Canal in 1869, Egypt became an important world transportation hub, but also fell heavily into debt. Ostensibly to protect its investments, Britain seized control of Egypt's government in 1882, but nominal allegiance to the Ottoman Empire continued until 1914. Partially independent from the UK in 1922, Egypt acquired full sovereignty following World War II. The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile River in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society. The government has struggled to ready the economy for the new millennium through economic reform and massive investment in communications and physical infrastructure.
Budget	revenues: $37.47 billion expenditures: $44.48 billion (2007 est.)	revenues: $27.01 billion expenditures: $35.48 billion (2006 est.)
Constitution	11 September 1971; amended 22 May 1980, 25 May 2005, and 26 March 2007	11 September 1971; amended 22 May 1980 and 25 May 2005
Debt - external	$29.9 billion (30 June 2007)	$31.93 billion (2006 est.)
Economy - overview	Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. In the last 30 years, the government has reformed the highly centralized economy it inherited from President Gamel Abdel NASSER. In 2005, Prime Minister Ahmed NAZIF's government reduced personal and corporate tax rates, reduced energy subsidies, and privatized several enterprises. The stock market boomed, and GDP grew about 5% per year in 2005-06, and topped 7% in 2007. Despite these achievements, the government has failed to raise living standards for the average Egyptian, and has had to continue providing subsidies for basic necessities. The subsidies have contributed to a sizeable budget deficit - roughly 7.5% of GDP in 2007 - and represent a significant drain on the economy. Foreign direct investment has increased significantly in the past two years, but the NAZIF government will need to continue its aggressive pursuit of reforms in order to sustain the spike in investment and growth and begin to improve economic conditions for the broader population. Egypt's export sectors - particularly natural gas - have bright prospects.	Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. In the last 30 years, the government has reformed the highly centralized economy it inherited from President NASSER. In 2005, Prime Minister Ahmed NAZIF reduced personal and corporate tax rates, reduced energy subsidies, and privatized several enterprises. The stock market boomed, and GDP grew about 5% per year in 2005-06. Despite these achievements, the government has failed to raise living standards for the average Egyptian, and has had to continue providing subsidies for basic necessities. The subsidies have contributed to a growing budget deficit - more than 10% of GDP each year - and represent a significant drain on the economy. Foreign direct investment remains low. To achieve higher GDP growth the NAZIF government will need to continue its aggressive pursuit of reform, especially in the energy sector. Egypt's export sectors - particularly natural gas - have bright prospects.
Exchange rates	Egyptian pounds per US dollar - 5.67 (2007), 5.725 (2006), 5.78 (2005), 6.1962 (2004), 5.8509 (2003)	Egyptian pounds per US dollar - 5.725 (2006), 5.78 (2005), 6.1962 (2004), 5.8509 (2003), 4.4997 (2002)
Executive branch	chief of state: President Mohamed Hosni MUBARAK (since 14 October 1981) head of government: Prime Minister Ahmed Mohamed NAZIF (since 9 July 2004) cabinet: Cabinet appointed by the president elections: president elected by popular vote for six-year term (no term limits); note - a national referendum in May 2005 approved a constitutional amendment that changed the presidential election to a multicandidate popular vote; previously the president was nominated by the People's Assembly and the nomination was validated by a national, popular referendum; last referendum held 26 September 1999; first election under terms of constitutional amendment held 7 September 2005; next election scheduled for 2011 election results: Hosni MUBARAK reelected president; percent of vote - Hosni MUBARAK 88.6%, Ayman NOUR 7.6%, Noman GOMAA 2.9%	chief of state: President Mohammed Hosni MUBARAK (since 14 October 1981) head of government: Prime Minister Ahmed Mohamed NAZIF (since 9 July 2004) cabinet: Cabinet appointed by the president elections: president elected by popular vote for six-year term (no term limits); note - a national referendum in May 2005 approved a constitutional amendment that changed the presidential election to a multicandidate popular vote; previously the president was nominated by the People's Assembly and the nomination was validated by a national, popular referendum; last referendum held 26 September 1999; first election under terms of constitutional amendment held 7 September 2005; next election scheduled for 2011 election results: Hosni MUBARAK reelected president; percent of vote - Hosni MUBARAK 88.6%, Ayman NOUR 7.6%, Noman GOMAA 2.9%
Exports - partners	Italy 12.1%, US 11.3%, Spain 8.7%, UK 5.5%, France 5.4%, Syria 5.1%, Saudi Arabia 4.3%, Germany 4.2% (2006)	Italy 12.1%, US 11.3%, Spain 8.5%, UK 5.5%, France 5.4%, Syria 5.2%, Saudi Arabia 4.3%, Germany 4.2% (2006)
Flag description	three equal horizontal bands of red (top), white, and black; the national emblem (a gold Eagle of Saladin facing the hoist side with a shield superimposed on its chest above a scroll bearing the name of the country in Arabic) centered in the white band; design is based on the Arab Liberation flag and similar to the flag of Syria, which has two green stars in the white band, Iraq, which has an Arabic inscription centered in the white band, and Yemen, which has a plain white band	three equal horizontal bands of red (top), white, and black; the national emblem (a gold Eagle of Saladin facing the hoist side with a shield superimposed on its chest above a scroll bearing the name of the country in Arabic) centered in the white band; design is based on the Arab Liberation flag and similar to the flag of Syria, which has two green stars, Iraq, which has three green stars (plus an Arabic inscription) in a horizontal line centered in the white band, and Yemen, which has a plain white band
GDP - composition by sector	agriculture: 13.8% industry: 41.1% services: 45.1% (2007 est.)	agriculture: 14.1% industry: 38.4% services: 47.5% (2006 est.)
GDP - real growth rate	7.2% (2007 est.)	6.8% (2006 est.)
Imports	69,860 bbl/day (2004)	NA bbl/day
Imports - partners	US 11.4%, China 8.3%, Germany 6.6%, Italy 5.4%, Saudi Arabia 5%, France 4.6% (2006)	US 11.4%, China 8.3%, Germany 6.4%, Italy 5.4%, Saudi Arabia 5%, France 4.6% (2006)
Industrial production growth rate	13.8% (2007 est.)	5.1% (2006 est.)
Inflation rate (consumer prices)	8.8% (2007 est.)	7.7% (2006 est.)
International organization participation	ABEDA, ACCT, AfDB, AFESD, AMF, AU, BSEC (observer), CAEU, COMESA, EBRD, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, MINURSO, NAM, OAPEC, OAS (observer), OIC, OIF, OSCE (partner), PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMIL, UNMIS, UNOMIG, UNRWA, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO	ABEDA, ACCT, AfDB, AFESD, AMF, AU, BSEC (observer), CAEU, COMESA, EBRD, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, MINURSO, MONUC, NAM, OAPEC, OAS (observer), OIC, OIF, ONUB, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMIL, UNMIS, UNOMIG, UNRWA, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
Labor force	22.49 million (2007 est.)	21.8 million (2006 est.)
Legislative branch	bicameral system consists of the People's Assembly or Majlis al-Sha'b (454 seats; 444 elected by popular vote, 10 appointed by the president; members serve five-year terms) and the Advisory Council or Majlis al-Shura that traditionally functions only in a consultative role but 2007 constitutional amendments could grant the Council new powers (264 seats; 176 elected by popular vote, 88 appointed by the president; members serve six-year terms; mid-term elections for half of the elected members) elections: People's Assembly - three-phase voting - last held 7 and 20 November, 1 December 2005;(next to be held November-December 2010); Advisory Council - last held June 2007 (next to be held May-June 2010) election results: People's Assembly - percent of vote by party - NA; seats by party - NDP 311, NWP 6, Tagammu 2, Tomorrow Party 1, independents 112 (12 seats to be determined by rerun elections, 10 seats appointed by President); Advisory Council - percent of vote by party - NA; seats by party - NDP 84, Tagammu 1, independents 3	bicameral system consists of the People's Assembly or Majlis al-Sha'b (454 seats; 444 elected by popular vote, 10 appointed by the president; members serve five-year terms) and the Advisory Council or Majlis al-Shura that functions only in a consultative role (264 seats; 176 elected by popular vote, 88 appointed by the president; members serve six-year terms; mid-term elections for half of the elected members) elections: People's Assembly - three-phase voting - last held 7 and 20 November, 1 December 2005;(next to be held November-December 2010); Advisory Council - last held May-June 2007 (next to be held May-June 2010) election results: People's Assembly - percent of vote by party - NA; seats by party - NDP 311, NWP 6, Tagammu 2, Tomorrow Party 1, independents 112 (12 seats to be determined by rerun elections, 10 seats appointed by President); Advisory Council - percent of vote by party - NA; seats by party - NDP 84, Tagammu 1, independents 3
Pipelines	condensate 483 km; condensate/gas 74 km; gas 6,466 km; liquid petroleum gas 957 km; oil 5,518 km; oil/gas/water 37 km; refined products 895 km (2007)	condensate 464 km; condensate/gas 94 km; gas 6,021 km; liquid petroleum gas 897 km; oil 5,120 km; oil/gas/water 36 km; refined products 897 km (2006)
Political parties and leaders	National Democratic Party or NDP (governing party) [Mohamed Hosni MUBARAK]; National Progressive Unionist Grouping or Tagammu [Rifaat EL-SAID]; New Wafd Party or NWP [Mahmoud ABAZA]; Tomorrow Party [Moussa Mustafa MOUSSA] note: formation of political parties must be approved by the government; only parties with representation in elected bodies are listed	National Democratic Party or NDP (governing party) [Mohammed Hosni MUBARAK]; National Progressive Unionist Grouping or Tagammu [Rifaat EL-SAID]; New Wafd Party or NWP [Mahmoud ABAZA]; Tomorrow Party [Naji AL-GHATRIFI] note: formation of political parties must be approved by the government
Political pressure groups and leaders	despite a constitutional ban against religious-based parties and political activity, the technically illegal Muslim Brotherhood constitutes Hosni MUBARAK's potentially most significant political opposition; MUBARAK has alternated between tolerating limited political activity by the Brotherhood and blocking its influence; civic society groups are sanctioned, but constrained in practical terms; only trade unions and professional associations affiliated with the government are officially sanctioned	despite a constitutional ban against religious-based parties, the technically illegal Muslim Brotherhood constitutes Hosni MUBARAK's potentially most significant political opposition; MUBARAK tolerated limited political activity by the Brotherhood for his first two terms, but moved more aggressively since then to block its influence; civic society groups are sanctioned, but constrained in practical terms; trade unions and professional associations are officially sanctioned
Unemployment rate	10.1% (2007 est.)	10.3% (2006 est.)

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