The economy of Egypt was a highly centralized planned economy focused on import substitution under PresidentGamal Abdel Nasser. In the 1990s, a series of International Monetary Fund arrangements, coupled with massive external debt relief resulting from Egypt’s participation in the Gulf War coalition, helped Egypt improve its macroeconomic performance.
Since 2000, the pace of structural reforms, including fiscal, monetary policies, taxation, privatization and new business legislations, helped Egypt move towards a more market-oriented economy and prompted increased foreign investment.
GDP Rank 32th (nominal) / 24th (PPP)
GDP Growth 4.5% (2015)
- Milano Bazaar
History & Relationship with us:
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