Is Egypt a poor country , or rich country? can you provide facts and numbers to back your answer!!?

Question

In other word: all the resources , and GPD of Egypt, if divided by the population FAIRLY without any corruption , Will the Individual be rich (GPD/P)????????what is Egypt Rank worldwide????

Answer 1

Egypt as country is so rich. has  very beatiful and rich history .has very wonderful place. Alexandria -  library with oryginal papirus , luxor  - tampel , karnak tampel, Giza - piramids , Aslan

Answer 2

Well as a whole it is not a poor country nor it is a rich country

I provided some facts here

In the means of Human Development it is number 112

The percentage of population below poverty line is 20%

The revenues of the government is $37.47 billion

The expenditures are $44.48 billion

But there many poor people in Egypt and there has been  problems involving the rise of the price of bread , petroleum and iron . A strike has took place as a protest against the rise of the prices of food

Answer 3

Oh Zoser Egypt is a very very wealthy country in terms of Natural Resources.... you know how much unexploited natural resources we still have and haven't even come close to initial utilization of..... for get about the obvious.. Suez Canal, tourism, agriculture, petroleum and natural gas, natural resources such as iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, etc...

ALL we need is better Management of our resources and a good solid Economic reform..... i have seen countries with less natural resources that have risen in a very short time, but all due to some people in power who know what the heck they are doing.

Edit: production is a different factor to consider, even if production is low at this point in time due to the factors i said above, that doesn't mean that we do not have the capabilities to increase it..... on the contrary we can elevate and better our production with well motivated "Human Resources" but the thing is we have to get back the faith in management to the people...... it is a vicious circle, but can be dealt with...

EDIT: We are now a very badly exploited nation.... a robbed, mislead  misguided, lost all hope Nation...... we are in a pit, but i don't know why i am still hopeful and optimistic that it will change soon..... i mean can it get any worse than that???

Answer 4

GDP grew about 5% per year in 2005-06, and topped 7% in 2007. Despite these achievements, the government has failed to raise living standards for the average Egyptian, and has had to continue providing subsidies for basic necessities. The subsidies have contributed to a sizeable budget deficit - roughly 7.5% of GDP in 2007 - and represent a significant drain on the economy.

Lots more info:

https://www.cia.gov/library/publications...

Answer 5

Forget abt the numbers , numbers are not right or accurate ,

The fact is , Egypt has alot of money, resources, manpower, and many other things, but the problem is this money and resources is in the hand of few people,

Egypt is rich country , with few rich people, and with many many poor people,

Answer 6

Egypt is a very rich country for 100 billionaires and 100 millionaires .

it is tolerable for about  5 00,000 middle class families who is growing less every day .

it is very poor for the remaining population.

what is needed is a means of making the big population an asset  .

we also need  a good  government  in the service of the population .

we want to put our hands together to build the country .

we want to believe in Egypt , not any other ....

Answer 7

well, facts and numbers would be difficult for me now, but i'll try and give it a shot, first of all, i m sure our resources (resources underground) are depleting, even the gas reserves can't be counted as (resources that make us rich), we are no. 6 in Arab World, also we will be needing this gas for generation to come, if they are wise enough to use it in our industry, if we choose someday to have some sort of industry.

I do know that the government is like borrowing money in advance from other parties who will lend you with interest and  in return of some services.

I know that the internal debt is incredibly dangerously high, and the gov. is failing to run the finance of the country without "borrowing" some more..

I know that the price of all that will be paid (with sweat and blood) someday by our children or our grandchildren who will curse our stupidity.

so, to answer your question, with some wise, professional and not corrupt management (talking about the "fourth impossible") Egypt could be a rich country without Industralization (at least not heavy one) and without natural resources. We have the potentials but we lack the management..

Answer 8

I wish I had an answer to this question but I really want to thank you for this objective question and thank everyone for  their informative answers....

Answer 9

I am sure, you changed  the meaning of my question far away from what I wanted to show man !

You make it big argument  between two different point of views, and as usual being are Egyptian , we do not find conclusion to solve any problems of ours.

I meant with my Q to show our problems not to hide it by some songs and fake actions!

we are poor country, yes by Central bank reports as our governors show them, to get more Financial aid and steal more.

But the mother fact, we are very good resources country, and to show you a present corruption action from the government , they export Gas to Israel with 1$ for the !000m³... I am sure of that .......And this is the head of the government .. nobody so far say the reason of that, in edition we had exported before 8 years ago the same mount 3.4$ and was 8 years ago....in favour of who they do  this... for people I can not believe it .I do not say all the fault come from the Government and whoever, no the people have sort of obligation too, they steal from each other and do more and more man ...that is all you call it corruption .

اذا صلح الحاكم صلحة الرعيه و اذا فسد الحاكم فسدت الرعية

Answer 10

A VERY RICH COUNTRY AS A MATTER OF FACT!

a very rich country with bad government & baaaaaaad monetary & economical policies.

it has every possible source of wealth , Oil , Natural Gas which is being wasted !,Tourism , Suez Canal , Agriculture , Industry........

but as I said above , bad monetary , fiscal

& economic policies + bad government & a few corrupted businessmen manipulating everything.

:o)

Answer 11

Whatever makes you happy.........

What about this answer..?

you should pick me as a best answer

Answer 12

hi! I don´t have numbers but I can tell you, in my personal experience that in general the majority people that live in Egypt are poor. I went last October to Egypt and of course there are fancy places but the majority  of the population lives in a more poor condition than other countries. For example in the main market the streets were without asphalt. There is a lack of hygiene and the places are very dirty. Although it is a beautiful country because of its history and all the historical monuments. I really recommend you to visit Egypt and put aside all the dirt. Ask before you paid for something the price because they are very clever and they play with a lot of distractions and things to trick you. Don´t drink running water and... have fun!!