Report: The Economic Growth
By Anas Elshamy
Assalamu Alikum,
Please discuss and share the
different materials, data and issues
regarding the required report on
The Economic Growth
in this post.
Click here and Just type what ever
you want under the box labeled:
Leave a Reply
My Regards.
Tags: Report
This entry was posted on 20 November, 2008 at 2:43 pm and is filed under Report. You can follow any responses to this entry through the RSS 2.0 feed.
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20 November, 2008 at 6:22 pm
http://www.sis.gov.eg/VR/quarter34.pdf
this is a report of GDP of Egypt from the Ministry of economic which show the main economic and socail indicators ,but also there are some information i think that we’re not needed to know it know ,hope this website help u and help me 2
20 November, 2008 at 6:29 pm
http://www.amcham.org.eg/bsac/economicindicators/ecindicators.asp
some economic indicators From American Cham in Egypt
20 November, 2008 at 7:17 pm
Assalamu Alikum Reham,
Your addition is of much value. I would like also to publish this link which includes the latest data: http://www.idsc.gov.eg/nds/nds.aspx
We Want to concentrate now on the standards issue as indicators are so easy to get.
I am suggesting if your have a search on:
- What is the optimal rate of growth in Developing Countries?
- How to know or set the optimal rate of economic growth in a country?
My Regards
21 November, 2008 at 8:23 pm
it shows different data about economic activities also it includes economic statistics this will help in showing the percentage change of GDP over years from 2001 till 2008 it is seen that GDP is growing well so it has a positive impact so Ihave determined standards through this statistical information and determined indicators by showing different contributions in GDP.
21 November, 2008 at 10:03 pm
siteresources.worldbank.org/INTMENA/Resources/WP42.pdf
Analysis of economic growth in Egypt
22 November, 2008 at 12:29 am
Assalamu Alikum Dina,
Thanks for your participation and it is really appreciated.
Can you please write the standards that you concluded so that others can benefit of it?
Thanks
22 November, 2008 at 12:30 am
Assalamu Alikum Sarah,
Thanks for the link.
Can you please have a summary of it so that it can be of more value to each other?
Thanks
22 November, 2008 at 1:04 pm
Assalamu Alikum All,
I want to inform you that Dina Said’s Mother died this morning ,
Ask you pray with mercy for her mum and pray for dina with patience.
Sorry for my bad news
23 November, 2008 at 2:03 pm
this link may be help us to know the standard of Economic growth
http://129.3.20.41/eps/dev/papers/0512/0512024.pdf
23 November, 2008 at 2:13 pm
Thanks Reham for what you added but please, try to summarize it fast as really there is no time for copying and pasting now and also we divided the work among us to save the time of each other.
I hope you got my point.
My Regards
23 November, 2008 at 7:42 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt
23 November, 2008 at 7:49 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt
23 November, 2008 at 7:53 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt it is for standards and indicators of economic growth
23 November, 2008 at 8:08 pm
http://en.wikipedia.org/wiki/economy_of_egypt it is about the percentage change of GDP also about different activities of the sector
23 November, 2008 at 8:11 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt it is about the percentage change of GDP also about different activities of the sector
23 November, 2008 at 8:13 pm
it is about the percentage change of GDP also about different activities of the sector http://www.en.wikipedia.org/wiki/economy_of_egypt
23 November, 2008 at 8:22 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt it is about the percentage change of GDP also different activities of economy.
23 November, 2008 at 8:46 pm
http://www.en.wikipedia.org/wiki/economy_of_egypt it shows different activities of economy also shows % change of GDP.
24 November, 2008 at 2:21 am
http://www.indexmundi.com/egypt/gdp_real_growth_rate.html
24 November, 2008 at 4:25 pm
s3 ,
In order to determine the standard growth rate for countries in the take-off stage we should search the net for the standard growth rate .And I tried to do so ,and unfortunately I didn’t find any :S ,
So the other option in my opinion is that we can read about each country’s economy and see if they lie or satisfy the conditions of the take-off stage or not. And start to know the average growth rate of those countries ( ex. 10 countries that lie in the take-off stage.)
And in order to do so we should know more about the take-off stage :
Take-off occurs when there is a sector that leads growth becomes common and society is driven more by economic processes than traditions.
So the keyword here is “Transition” from tradition to economic processes .
we should also know the conditions of the take-off stage :
1: the first and essential condition for take off is a rise in the rate of productive investment from say five percent or less to over ten percent of national income. In other words the percentage rate of investment must be five or six times greater than the percentage increase in population.
2: The second condition for take off is the development of one or more leading sectors in the economy. According to Rostow, the rapid growth of the leading sector depends on the presence of four basic factors.
First: there must be an increase in the effective demand of their products.
Second: a new production function along with an expansion of capacity must be introduced into these sectors.
Third: there must be sufficient initial capital and investment profits for the take off in these leading sectors.
Lastly: these leading sectors must introduce expansion of output in other sectors through technical transformation.
NOTE : https://www.cia.gov/library/publications/the-world-factbook/geos/ag.html#Econ
this link provides summarized details about countries economies ,hope it can help you.
About countries that could be in the take-off stage :
1:_ALGERIA
Where the Algerian economy depends mostly in the hydrocarbon sector (satisfying the 2nd condition) trying to increase foreign and domestic investment in more than one sector (satisfying the 2nd condition ).
Algeria’s investment %of GDP is =24.5 % ,which is 20 times the rate of increase in population (i.e satisfying the 1st condition ).
It’s growth rate is 4.5 %..
2:_PERU..
24 November, 2008 at 9:14 pm
Economic Indicators ( Economic growth) chapter v (External debt) ;standards of external debt; Objectives of economic planning in developing countries (planning Wikipedia- freeencyclopedia) (Standars of balance of payment) balance of payment wikipedia
24 November, 2008 at 9:21 pm
htt// Wikipedia..(Economy of egypt)
24 November, 2008 at 10:04 pm
your effort is very well sorry 4 being late for you . but i will be with you as i can.
25 November, 2008 at 9:43 pm
http://en.wikipedia.org/wiki/Economy_of_egypt
25 November, 2008 at 10:19 pm
My Dears
This is some information about the egyptian economy .
Economic index is yielding good results : the actual growth rate has soared 5.6% ,investment rate has also increased to 13.2% and the GDP to 5.9%.
*total budget deficit has droped by 1.6%to 50.8 billion pounds while tax revenue reached 97.1 billion pounds ,
customs have registered 9.4 billion pounds or 21% increase while other revenues have reached 49 billion pounds.
the ministry of finance declared the launch of plan to reduce budget deficit where local central government debts has soared to 374 billion pounds while foreign debt has dropped to 28.9 billion dollars at a rate of 4.3%
the bank deposite have soared to 564 billion pounds including 85% non government deposites .
Deposit loans have not exceeded 59% and export goods have increased by 38% to reach 13.5 billion dollars.
http://www.mof.gov.eg/english/MOF/media/releas-e-3-9-06.htm
25 November, 2008 at 10:36 pm
For the first half of 2007/08,GDP at factor cost realized real growth of 7.5 percent.it is noteworthy that :
tourism (4.2% of GDP , 28.9% growth)
suez canal (4.4% of GDP , 18.3% growth)
construction (4.7% of GDP ,15.6% growth)
telecommunication (3.4% of GDP ,15.6% growth)
these are the sectors that has the prime dtiving engines for the robust growth realized during july -december 2007/08
26 November, 2008 at 5:13 pm
Assalamu Alikum All,
I think Mahmoud’s comment above is the best of the comments in this topic.
Please read it carefully and have a deep look and analysis in its content and try to have something done on its content.
My Regards
26 November, 2008 at 5:39 pm
CONTENT
INTRODUCTION
1. Political situation
2. Economy
3. Health & Education
4. Religions & Peoples
5. History
KEY FIGURES
GDP: US$82 billion
GDP/capita: US$1,140
GDP/sector: Agriculture 29%, Industry 22%, Services 49%
Foreign debts: US$28 billion
Foreign debts/GDP: 34%
Foreign debts/capita: US$390
Annual growth in GDP: 1.6%
Trade balance: -185%
Export products: Crude oil and petroleum products, cotton, textiles, metal products, chemicals.
Annual inflation rate: 3.3%
Official unemployment: 12%
Population below poverty line: 23%
INTERNATIONAL RANKINGS
Corruption: 115 of 180 countries
Investment friendly: 114 of 181 countries
Figures of 2008
VALUE OF CURRENCY
1997:
US$1=3.40 Pound
1998:
US$1=3.40 Pound
1999:
US$1=3.40 Pound
2000:
US$1=3.70 Pound
2001:
US$1=4.50 Pound
January 2002:
US$1=4.50 Pound
May 2003:
US$1=5.90 Pound
Sep. 2008:
US$1=5.50 Pound
Egypt’s economic spectrum has great diversity, including involvement with agriculture, textiles and some industry.
Positive growth
Egypt has had a very strong economic growth in recent years, a situation that continues even as of 2005, with a growth in GDP of 4.5% divided on a population growth of 1.8%.
In recent years, Egyptian bureaucracy has been slimmed to facilitate national activities and foreign investments. While exporters earlier had to deal with several state authorities, they now only need to face one.
But despite the positive growth, Egypt still exhibits extreme differences between rich and poor, and is by any standard still to be considered a poor country. However, a growing number of the inhabitants can be considered as middle class or rich.
Hard challenges
Egypt is grossly overpopulated, and there is neither sufficient agricultural land, nor water resources to sustain the ever increasing population currently estimated at about 70 million. Even if there is considerable growth in many parts of the Egyptian economy at the present, most observers regard overpopulation as the country’s largest problem, and it is little addressed by the authorities. Egypt is largely dependent upon foreign aid, and remittances from citizens working abroad in oil-rich countries.
Egypt at the time of the fall of king Faruk, was heavily dependent upon agriculture. From 1952 to 1970, the governments initiated aggressive programs to change this, but little importance was given to private capitalistic enterprise. Egypt had earlier received much aid from the Soviet Union, and other Arab nations. The Soviet Union lost its influence in 1972, resulting from Egypt’s own initiative. Rich Arab countries cut off aid to Egypt in 1979, after the peace treaty with Israel. Today, the USA is the most important aid donor.
Industry
Egyptian efforts to industrialize the country started in the 19th century, under the rule of Muhammed Ali. Machines and technology were imported, often at a high cost, but gradually local industries developed. By World War 1, textile industries had gained a strong foothold. Today, Egypt’s industry includes, in addition to the dominant textile industry, production of cement, iron and steel, chemicals, fertilizers, rubber products, refined sugar, tobacco, canned foods, cottonseed oil, small metal products, shoes and furniture.
Mining has become more important in the last 20 years. Products like crude petroleum, salt, phosphate, iron and manganese are extracted.
Energy is no big problem in Egypt. The country is self-sufficient with petroleum, and has smaller deposits of coal and natural gas. The Aswan Dam provides most of the electric power used.
Income from the Suez Canal brings in about 2 billion US$, contributing to 5% of GNP. This source of income is slightly threatened, and could be reduced in the years to come.
Agriculture and Fishing
The Nile Valley and the delta region covers only 4% of the total land area, equalling 40,000 km², or about as much as Denmark, with 5 million inhabitants. The northern coast receives very little rain, about 200 mm yearly, but this is still far more than further south. The oases, principally to the west of the Nile, draw their water from large underground water aquifers which are remnants of an ancient course of the Nile which ran further to the west. These resources were once overestimated in government reports, and large development schemes were started. The resources will apparently not last more than 100 years, and old ambitions have been abandoned, leaving many unfinished projects behind.
Agriculture brings in about 18% of the GNP, and employs less and less people. Even if working methods are traditional, and labour intensive, the yields are among the highest compared to the land size. This has been slightly reduced with the construction of the Aswan Dam, which has as a negative effect the fact that it does not allow the silt from the upper Nile to be transported down the river. The growth of cities has resulted in a reduction of arable land, and reclamation efforts have merely managed to keep pace with land being lost.
Egypt imports about half of its food, mostly because so much of the arable land is used for cotton production, of which Egypt is the world’s largest exporter. Egypt’s agriculture produces corn, sugarcane, wheat, rice, barley, millet, onions, potatoes, vegetables, mangoes, citrus fruits, figs, dates and grapes.
Fishing in Egypt plays a minor role, but its importance has increased in recent years. The level is about 5 kg fish/capita.
Tourism
Militant Islamists have had a strong and negative effect on tourism to Egypt, as their violent actions have killed hundreds of innocent people and injured even more. This has had a dramatic effect on tourism in Egypt since the mid-1990’s.
Tourists, however, have started to return to Egypt in the early 2000’s, and the country now has about 2,5 million tourists, each spending an average of about US$1,100. This amounts to 6% of GNP.
26 November, 2008 at 5:42 pm
2008 Economic Developments and Prospects : Questions & Answers
Available in: Français, Español, العربية
2008 MENA Economic Developments and Prospects
________________________________________
Full Report
Questions & Answers:
English, French, Spanish
Press release:
English, French, Arabic, Spanish
What has been the recent growth performance of the region?
For the fifth year in a row, the Middle East and North Africa region (MENA) experienced growth at a rate higher than 5 percent (5.7% for 2007), exceeding levels reached in the 1990s and early 2000s. During 2007, GDP growth was almost evenly distributed across the sub-groups of the region. Growth was higher for the resource-rich labor importing countries of the region, at 5.8 percent, than for other groups. For the resource-poor labor abundant economies, output growth was 5.4 percent in 2007. With the exception of Morocco which suffered another year of drought, GDP accelerated or equaled its 2006 pace among the resource-poor labor abundant economies. While the region has done well in comparison to its own past, it continues to lag behind other regions. For example, MENA’s growth rate of 5.7 percent in 2007 compares unfavorably with the 10 percent rate achieved by East Asia and the Pacific region, the 8.4 percent rate achieved by the South Asia region, or even the 6.1 percent rate achieved by the Sub-Saharan Africa region.
What were the main sources of growth for MENA in 2007?
Sources of growth in MENA have undergone a shift in recent years. In the period 2000-04, the main source of growth was domestic private consumption. However, by 2007, this had declined in importance and had been replaced by gross domestic investment. Much of this was made possible, of course, by plentiful government revenues obtained from a buoyant hydrocarbons sector. Oil prices increased 78 percent during the course of 2007, rising from $54 per barrel at the start of the year to $94.50 at the end.
How do food price increases affect MENA countries?
Increases in food prices have different impacts on different countries. Low income countries that are relatively big food importers (in terms of proportion of imports and consumption) are at highest risk: examples include Djibouti and Yemen. In Yemen, food price inflation exceeded 20 percent in 2007, the highest in the region. Other risk factors include the extent to which food features in the spending patterns of the lowest income groups in a country. Countries like Egypt and Yemen are among the most vulnerable since the bottom two quintiles of their populations spend more than 50 percent of their household budgets on food. Also, some countries have felt the pressure of food price increases directly in national budgets since they subsidize staple foodstuffs. Countries like Egypt, Iran, Jordan and Syria have seen food subsidies claim shares of between 4 percent (in Egypt) and 8 percent (in Iran) of their budgets in 2007. Among GCC countries, the main manifestation of food price increases has been in inflation.
How is the MENA region doing in terms of structural reforms?
In recent years, MENA has embarked on wide-ranging reforms to improve the overall environment for growth. Key developments in the areas of trade, business climate and governance include:
Trade reforms. Substantial progress has been made in reducing tariffs and the time required for import and export processing. Tariffs have been reduced from a simple average of 20 percent in 2000 to 13 percent by 2007, a decline not matched in any other region over this period. However, non-tariff barriers remain high and trade logistics performance, reflecting the quality of customs, ports and transport arrangements, remains sub-par.
Business climate reforms. Despite notable improvements in some countries (e.g., Egypt and Saudi Arabia), as a whole the region has failed to keep pace with business climate reforms elsewhere. In terms of reform effort, it ranks in the bottom third worldwide (29th percentile).
Governance reforms. Progress with regard to governance has been mixed. On the one hand, the quality of public administration remains relatively high in MENA, ranking above East Asia, Latin America, South Asia and Sub-Saharan Africa. On the other hand, the quality of public accountability remains very low in MENA, ranking below all other regions of the world. However, in terms of reform efforts devoted to improving accountability, MENA ranked in the 67th percentile, above all other regions. The latter ranking reflects a range of improvements in combating corruption, addressing weaknesses in the judiciary, improving property rights, and streamlining bureaucracy, especially among the GCC countries.
What is the forecast for the next few years in light of the current global context?
Average growth of around 5.6 percent is expected over the next three years. Oil prices will remain buoyant, leading to high levels of domestic and foreign investment as well as remittance flows. Food prices are also expected to remain high. Since most countries in the region subsidize food and energy, this will lead to fiscal pressures for many of them. But such pressures are not expected to choke off economic growth which will continue to be driven by high levels of investment. Global financial turbulence and a likely slowdown of growth in the OECD countries is expected to be offset by continued robust spending among oil-exporting countries and vibrant expansion in China and India.
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30 November, 2008 at 3:00 pm
Final numbers in economic growth:
Economic Growth
Steady Increase in GDP
Gross domestic product at market prices reached LE 229 billion (at current prices)
during the third quarter of the current fiscal year compared to LE 180.8 billion during
the corresponding quarter of 2006/07, with a growth rate of 25.3%. Meanwhile, GDP
amounted to LE 653 billion during the first nine months of 2007/08 compared to
approximately LE 539 billion during the corresponding period of previous year, with a
growth rate of 21%, and the value of GDP for the whole year 2007/08 is expected to
reach LE 870 billion
GDP (at constant prices) recorded a remarkable growth rate of 7.5% during the third
quarter and the first nine months of 2007/08. This rate – albeit less than the one
attained during the second quarter of the same year (8.1%) – exceeds the rate
achieved during the first quarter (July – September) 2007/08, which was 6.9%, and
surpasses those of last year 2006/07
30 November, 2008 at 3:08 pm
according to the indicators of world bank:
GDP per capita:$2,184 (2008)
Real GDP growth rate: 7.2% (2008)