• Egypt Egypt
Egypt
Photo: A general view of a street in downtown Cairo, Egypt March 9, 2017. Picture taken March 9, 2017. REUTERS/Mohamed Abd El Ghany

Egypt is the most populous Arab country in the Middle East. It is categorised as a lower middle income nation.

Egypt's economy has been on the mend since taking a knock in 2011, the year of the revolution that toppled president Hosni Mubarak. The economy has not recovered its pre-2011 lustre but has registered positive growth of 2.19 percent in 2012, 2.1 percent in 2013, 2.23 percent in 2014, 4.2 percent in 2015 and down again to 3.5 percent in 2016. 

Its tourism sector, important for its ability to bring in hard currency, has also not regained its pre-2011 shine. The sector was further hit post-2011 by security issues, most prominent of which was the 2015 downing of a Russian airliner by the Islamic State that killed all 215 on board. 14.7 million tourists visited Egypt in 2010 compared to 9.3 million in 2015. Egypt's travel and tourism sector contributed around $14.48 billion to the country's overall GDP, equivalent to around 4 percent of GDP in 2015, according to the UN World Tourism Organisation (UNWTO) and the World Travel and Tourism Council (WTTC). International tourism inbound receipts stood at $6.065 billion. The sector employs around 1.1 million in the country. 

Islamic economy: Egypt's Islamic economy is strongest in the halal pharmaceuticals and cosmetics sector, in which it ranks fourth on Thomson Reuters' Global Islamic Economy Index (GIEI) 2016-17. 

It is the fourth largest Muslim consumer food expenditure market, estimated at $77.5 billion in 2015, behind only Indonesia, Turkey, and Pakistan. 

By its sheer population size, Egypt is also a top 10 Muslim consumer market for clothing, and media and recreation expenditure. In 2015, Egyptians spent an estimated $10.88 billion on clothing, and $6.1 billion on media and recreation. 

Egypt held an estimated $14.28 billion in Islamic finance assets in 2015, according to a Thomson Reuters report. The lion's share of these assets--$13.79 billion--are held in Islamic banks. Faisal Islamic Bank of Egypt is the country's biggest Shariah-compliant financial instituion, holding an estimated $7 billion in assets in 2015, according to the same report. 

GIEI Ranking
Halal Ranking
Major Industries

Egypt's major exports are:

Crude petroleum, Refined petroleum, Insulated wire, video displays, and gold

Major export partners are: Saudi Arabia, Italy, Germany, United States, Turkey

Egypt's major imports are:

Refine petroleum, Wheat, Semi-finished iron, Cars, and Petroleum gas

Major import partners are:

China, United States, Russia, Germany, Italy

Halal-related agencies Intro
Halal compliance guidelines Intro
Halal-related trade and trading