Finance of Egypt

The minimum monthly wage in Egypt is not regulated by the government. Egypt has a government debt of 45% of the country's Gross Domestic Product (GDP), as assessed in 2014. With regard to consumer prices, the inflation rate in Egypt is 9%. The currency of Egypt is Egyptian pound. The plural form of the word Egyptian pound is pounds. The symbol used for this currency is E£, and it is abbreviated as EGP. The Egyptian pound is divided into piastre; there are 100 in one pound. Each year, consumers spend around $207,137 million. The ratio of consumer spending to GDP in Egypt is 0.08%, and the ratio of consumer spending to the world consumer market is 48%. The corporate tax in Egypt is set at 25%. Personal income tax ranges from 10% to 20%, depending on your specific situation and income level. VAT in Egypt is 10%. In 2013, Egypt received 1806.6 million USD in foreign aid.In 2014, the foreign aid amounted to 1414.4 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Egypt is $946,591 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Egypt was last recorded at $9,525,373. PPP in Egypt is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Egypt is 255,199 billion. Based on this statistic, Egypt is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Egypt. The Gross Domestic Product (GDP) per capita in Egypt was last recorded at $2,568,021. The average citizen in Egypt has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Egypt averaged 2.2% in 2014. According to this percentage, Egypt is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.