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Egypt – Important Facts

Egypt officially the Arab Republic of Egypt, is a transcontinental country spanning the north east corner of Africa and south west corner of Asia by a land bridge formed by the Sinai Peninsula. Egypt is a Mediterranean country bordered by the Gaza Strip and Israel to the north east, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south, and Libya to the west. Across the Gulf of Aqaba lies Jordan, and across from the Sinai Peninsula lies Saudi Arabia, although Jordan and Saudi Arabia do not share a land border with Egypt. It is the world’s only contiguous Eurafrasian nation.

Egypt is a member of the League of Arab States (Arab League) and the Common Market for Eastern and Southern Africa (COMESA).

In 2015, U.S. – Egypt bilateral trade decreased from USD 7.9 billion in 2014 to USD 6.2 billion. US Exports to Egypt decreased 20% from USD 6.47 billion to USD 5.5, while Egyptian exports to the U.S. were constant at USD 1.41 billion. Egypt is the third largest export market for U.S. products and services in the Middle East and the 39th largest export market in the world. The U.S. is Egypt’s third largest trading partner and the second largest foreign investor after the U.K. Egypt’s GDP grew approximately 4 percent in 2015 and foreign reserves rose to USD 17.5 billion in May 2016 from 14 billion in January 2015 with an injection from Gulf donors. Foreign reserves however remain at critically low levels and continue to negatively influence commercial operations.

Facts: Arab Republic of Egypt Capital: Cairo, Population: 83.9 million, Area: 1 million sq km (386,874 sq miles), Main language: Arabic, Main religions: Islam and Christianity, Life expectancy: 72 years (men) and 76 years (women), Currency: Egyptian Pound.

Important Details

  • Country ISO3:EGY
  • Country Code:818
  • Income Group:Middle East & North Africa
  • Lending Category:Lower middle income
  • Region:IBRD
  • Currency Unit:Egyptian pound
  • WTO Member:YES
  • Trade organisations:WTO
  • world rank:125
  • Regional Ranking:12th in the Middle East/North Africa Region