Tourism revenue, an important source of foreign currency for Egypt, plunged by 70% in 2020 due to the coronavirus pandemic. Tourism usually accounts for up to 15% of the country’s gross domestic product. Monthly tourism revenues stood at about $500 million in April, half of what they were before the pandemic.
How much of Egypt economy is tourism?
Egypt – Contribution of travel and tourism to GDP as a share of GDP. Egypt contribution of travel and tourism to GDP (% of GDP) was at level of 12 % in 2019, up from 11.9 % previous year.
What is Egypt’s main source of income?
Egypt’s economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism. Note: Top 3 trade partners are calculated by imports + exports.
How big is the tourism industry in Egypt?
Tourism in the economy. In 2018, total revenue from tourism reached EGP 174.1 billion, a 124% increase on the previous year, representing 15% of the country’s GDP. The tourism sector is one of the largest employers in Egypt, providing 3.1 million jobs or 9.5% of the total workforce.
How does tourism help Egypt?
Abstract: Tourism in Egypt is one of the most important sources of national income, with the annual dollar revenues it provides, and the foreign currency returns that enabled it to participate significantly in the gross domestic product, and to combat unemployment by employing a wide segment of the workforce in Egypt.
Is tourism in Egypt increasing?
The latest United Nations World Tourism Organization (UNWTO) has revealed that Egypt is one of the world’s fast-growing tourist destination; for 2017, it raised to 8 million compared to last year which was about 5.26 million.
What language is spoken in Egypt?
Modern Standard Arabic
Is Egypt poor?
Over the past decade, the poverty rate in Egypt has steadily increased. As of mid-2016, the poverty rate in Egypt was 27.8 percent, an increase of 2.6 percent from 2010. This high poverty rate in Egypt has affected children, many of whom are malnourished.
Is Egypt a low income country?
According to the World Bank Country Classification, Egypt has been promoted from the low income category to lower middle income category.
Is Egypt more developed than India?
Egypt has a GDP per capita of $12,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
What is the most visited place in Egypt?
15 Top-Rated Tourist Attractions in Egypt
- Pyramids of Giza. Pyramids of Giza. …
- Luxor’s Karnak Temple and the Valley of the Kings. Karnak Temple. …
- Cruising the Nile. Cruising on the Nile at Luxor. …
- Aswan. Feluccas on the Nile at Aswan. …
- Abu Simbel. Abu Simbel. …
- Diving the Red Sea. …
- Explore Islamic Cairo. …
- South Sinai’s Beach Life.
Why did tourism decline in Egypt?
Tourism has always been one of the biggest economic factors in Egypt. … However, since the revolution of 2011 and the overthrow of Hosni Mubarak, tourism has gone down sharply, simply because many think the country is not safe enough. In the past years the number of visitors to Egypt fell by over 30%.
What are the types of tourism in Egypt?
Here are the 4 main types of tourism in Egypt:
- Cultural Tourism.
- Leisure Tourism.
- Religious Tourism.
- Medical Tourism.
Why do tourists like to visit Egypt?
Explore Temples, Temples and More Temples.
After the pyramids, the main reason most tourists visit Egypt is to travel back in time (or, pretend to be Indiana Jones) while exploring the country’s ancient temples. The temples are filled with interesting carvings, paintings and hieroglyphics.
How does tourism affect the pyramids?
Many different factors affect how the pyramids are damaged. They get damaged by traveling wind, sand, natural erosion, and extreme temperature changes which cause the stone to expand and contract, making the pyramids less stable as the years go by. Tourists are also a main cause of this damage.
How popular is Egypt?
Country. Egypt is the 53rd most popular country and the 53rd most famous.