What is the economy of Egypt?

Due to the current political unrest in Egypt, the information on these pages may not reflect current conditions in the country. Egypt's economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism. Note: Top 3 trade partners are calculated by imports + exports.

Why did Egypt restructure its economy in 2003?

Until 2003, the Egyptian economy suffered from shortages in foreign currency and excessively elevated interest rates. A series of budget reforms were conducted to redress weaknesses in Egypt's economic environment and to boost private sector involvement and confidence in the economy. [citation needed]

What is Egypt's economy like under Sadat & Mubarak?

The Egyptian economy was highly centralised under former President Gamal Abdel Nasser, but it fully opened under former Presidents Anwar Sadat and Hosni Mubarak. Agriculture, hydrocarbons, manufacturing, tourism, and other service sectors have led to relatively diverse economic activity.

Does Egypt still have a government?

Although, the government does still have some state-owned organizations, like banks. This new economic approach helped Egypt’s economy grow by 8% between 2004 and 2009. However, in 2011, the government underwent a political revolution that left significantly reduced its growth.