Egyptian government newsletter
I chose this graph because it relays the point about gender inequality in Egypt that I made within the essay. This graph shows the girl to boy ratio that is enrolled into both the primary and secondary educational systems. In parts of the world girls and boys are seen as equals. Hopefully within the next few years Egyptians will realize how important education is to both genders.
This graph shows the educational level that was achieved among 21-24 year old citizens in Egypt. As you can see, each year the number is slowly rising. Hopefully, as education is improved, Egyptian citizens will reach 100% in all three levels of the educational system.
Role of Economics in Egypt
What is the country that you are researching: Egypt
Write a brief summary of the economic system of the country:
Egypt's economic system relies heavily on trade. The Egyptian trade system imports and exports many different types of goods. However, the country imports more than they export. In 2013 Egypt imported about $59 billion and they only exported about $25 billion. By importing more than they export Egypt has put themselves in tremendous debt.
Select three key economic indicators such as poverty rates, labor distribution, use of resources, etc. and analyze what this information says about the country, how does it compare to other countries, change over time, etc.
1. Stock of direct foreign investment – at home
EGYPT has $76.76 billion (31 December 2013 est.) and their
country comparison to the world is 48.
As of December 31 2012 it was $75.41 billion.
LIBYA has $17.92 billion (31 December 2013 est.) and their
country comparison to the world is 74.
In December 2012 it was $16.84 billion.
SAUDI has $240.6 billion (31 December 2013 est.) and their
country comparison to the world is 24.
In December of 2012 it was $223.2 billion.
2. Poverty:
In EGYPT population is 22% (2008 est.) of their population is below the poverty line.
In LIBYA about one-third of their population lives at or below the national poverty line.
In CHAD 80% (2001 est.) of their population is below the poverty line.
3. Labor Force by Occupation:
EGYPT’s labor force by occupation is as follows: agriculture is 29%, industry is 24%, and services is 47% (2011 est.).
LIBYA’s labor force by occupation is as follows: agriculture is 17%, industry is 23%, and services is 59% (2004 est.).
SAUDI’s labor force by occupation is as follows: agriculture is 6.7%, industry is 21.4%, and services is 71.9% (2005 est.).
Identify the GDP - per capita for the country.
Egypt's GDP per capita is $6,600. This shows that the Egyptian economy is not poor, but that the average citizen is not wealthy. Since their GDP has stayed exactly the same over the past few years, Egypt's economy is most likely at a stand still. The Egyptian economy is suffering because they are importing more than they are exporting. This factor may play a big role in the GDP per capita for the country.
Write a brief summary of the economic system of the country:
Egypt's economic system relies heavily on trade. The Egyptian trade system imports and exports many different types of goods. However, the country imports more than they export. In 2013 Egypt imported about $59 billion and they only exported about $25 billion. By importing more than they export Egypt has put themselves in tremendous debt.
Select three key economic indicators such as poverty rates, labor distribution, use of resources, etc. and analyze what this information says about the country, how does it compare to other countries, change over time, etc.
1. Stock of direct foreign investment – at home
EGYPT has $76.76 billion (31 December 2013 est.) and their
country comparison to the world is 48.
As of December 31 2012 it was $75.41 billion.
LIBYA has $17.92 billion (31 December 2013 est.) and their
country comparison to the world is 74.
In December 2012 it was $16.84 billion.
SAUDI has $240.6 billion (31 December 2013 est.) and their
country comparison to the world is 24.
In December of 2012 it was $223.2 billion.
2. Poverty:
In EGYPT population is 22% (2008 est.) of their population is below the poverty line.
In LIBYA about one-third of their population lives at or below the national poverty line.
In CHAD 80% (2001 est.) of their population is below the poverty line.
3. Labor Force by Occupation:
EGYPT’s labor force by occupation is as follows: agriculture is 29%, industry is 24%, and services is 47% (2011 est.).
LIBYA’s labor force by occupation is as follows: agriculture is 17%, industry is 23%, and services is 59% (2004 est.).
SAUDI’s labor force by occupation is as follows: agriculture is 6.7%, industry is 21.4%, and services is 71.9% (2005 est.).
Identify the GDP - per capita for the country.
Egypt's GDP per capita is $6,600. This shows that the Egyptian economy is not poor, but that the average citizen is not wealthy. Since their GDP has stayed exactly the same over the past few years, Egypt's economy is most likely at a stand still. The Egyptian economy is suffering because they are importing more than they are exporting. This factor may play a big role in the GDP per capita for the country.
Economics of Egypt
1. Oil Production: Up until recent years Egypt has always produced more than they have consumed. In 2011, 566.47 barrels per day were produced.
2. Oil Consumption: In 2011, 697 barrels of oil were consumed per day in Egypt.
3. Summarize: Both oil production and consumption have dramatically changed within the past five years. Working with or on an oil rig are some of the highest employing jobs in Egypt. While doing further research I also discovered that dry natural gas and crude oil are Egypt's highest exported goods. Egyptian trade many different goods in the global market, from textiles to cotton. Their economy benefits greatly from their global trading market.
4. Contemplate: The first question that I have about the Egyptian population after finding out how much oil they use is, how many citizens own a vehicle and drive it regularly? Secondly, if they are able to produce more than they consume, why is their economy not as successful as the countries that do not produce more than they consume?
What will be produced with your country’s resources?
The main goods that are produced and imported in Egypt are crude oil, petroleum products, cotton, textiles, metal products, chemicals, and processed food.
How will these goods be produced?
Egypt’s goods are produced through workers on the oil rigs, farmers that grow the cotton, and scientists who will create chemicals and processed food.
Who will use these goods? Will these goods be exported?
Many different countries import goods from Egypt. Egyptian use their own goods as well as exporting them to other countries. The main countries are the Italy, India, United States, Saudi Arabia, Turkey and Libya.
Which of the four economic systems does Egypt have?
Egypt has a mixed economic system. In Egypt the economy is mainly capitalist with some government intervention.
2. Oil Consumption: In 2011, 697 barrels of oil were consumed per day in Egypt.
3. Summarize: Both oil production and consumption have dramatically changed within the past five years. Working with or on an oil rig are some of the highest employing jobs in Egypt. While doing further research I also discovered that dry natural gas and crude oil are Egypt's highest exported goods. Egyptian trade many different goods in the global market, from textiles to cotton. Their economy benefits greatly from their global trading market.
4. Contemplate: The first question that I have about the Egyptian population after finding out how much oil they use is, how many citizens own a vehicle and drive it regularly? Secondly, if they are able to produce more than they consume, why is their economy not as successful as the countries that do not produce more than they consume?
What will be produced with your country’s resources?
The main goods that are produced and imported in Egypt are crude oil, petroleum products, cotton, textiles, metal products, chemicals, and processed food.
How will these goods be produced?
Egypt’s goods are produced through workers on the oil rigs, farmers that grow the cotton, and scientists who will create chemicals and processed food.
Who will use these goods? Will these goods be exported?
Many different countries import goods from Egypt. Egyptian use their own goods as well as exporting them to other countries. The main countries are the Italy, India, United States, Saudi Arabia, Turkey and Libya.
Which of the four economic systems does Egypt have?
Egypt has a mixed economic system. In Egypt the economy is mainly capitalist with some government intervention.
Citation for heading picture of the Mogamma in Cairo, Egypt:
https://www.google.com/search?q=egypt%27s+political+building&source=lnms&tbm=isch&sa=X&ei=X5ZiU73-BMuuyASW_4DQBA&ved=0CAgQ_AUoAQ&biw=1920&bih=971#q=mogamma&tbm=isch&facrc=_&imgdii=_&imgrc=yq98zPpypujr-M%253A%3BxCVdcV0o5WAgHM%3Bhttp%253A%252F%252Fakihart.files.wordpress.com%252F2012%252F01%252Fdsc_0173.jpg%3Bhttp%253A%252F%252Fakihart.wordpress.com%252F2012%252F01%252F13%252F12-faszinierende-aussichtspunkte-in-kairo%252F%3B3008%3B2000
https://www.google.com/search?q=egypt%27s+political+building&source=lnms&tbm=isch&sa=X&ei=X5ZiU73-BMuuyASW_4DQBA&ved=0CAgQ_AUoAQ&biw=1920&bih=971#q=mogamma&tbm=isch&facrc=_&imgdii=_&imgrc=yq98zPpypujr-M%253A%3BxCVdcV0o5WAgHM%3Bhttp%253A%252F%252Fakihart.files.wordpress.com%252F2012%252F01%252Fdsc_0173.jpg%3Bhttp%253A%252F%252Fakihart.wordpress.com%252F2012%252F01%252F13%252F12-faszinierende-aussichtspunkte-in-kairo%252F%3B3008%3B2000