economy
The economy in egypt is ranked 125th in the world, With a population of 86.7 million. Some of the successes for the economy is trade freedom and investment freedom. They also have a some concerns which are property rights, corruption, and labor freedom. In egypt the unemployment is at 13.4% which ranks them at number 72 in the whole world.
imports & exportsImports and Exports= In 2014 egypt had the 62nd largest exporter in the world and the 37th largest importer in the world. Egypt exported $33.2 billion and the imported $82.4 billion. Some of the most exports egypt sent are crude petroleum, insulated wire, video display and gold. Some of the most imported goods are refined petroleum and wheat.
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currencyCurrency= The currency in Egypt is the Egyptian pound. It has been around ever since 1836 after they passed a parliamentary bill replacing the Egyptian piastre. For every 1$ in the united states, there is a 8.8 egyptian pound.
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agricultureAgriculture= Field crops are responsible for three/fourths of the total agriculture production. During the summer in egypt the main crop is cotton. But other main crops they grow are corn, rice, wheat, sorghum, and fava beans. In egypt there are 3 different seasons,
-Akhet- the inundation which takes place june-september, -Peret- the growing season takes place from October-february -Shemu- the harvesting season which is march-may During farming the egyptians usually use winnowing scoops, hoes, rakes, flint-bladed sickles and ploughs. |