Economic Status of Egypt & Morocco & Iran

The existence of a drear market for hard currency is evidence that the government continues to catch the official exchange set out offered in banks. In kinfolk 2003, Egyptian officials increased subsidies on basic foodstuffs, helping to comfort a frustrated public but widening an already deep budget deficit.

Egypt's balance-of-payments position was not hurt by the war in Iraq in 2003, as tourism and Suez canalise revenues fared well. The development of an export market for natural gas is a bright spot for future growth prospects, but feeler in the capital-intensive hydrocarbons sector does little to reduce Egypt's persistent unemployment.

Egypt has a cosmos of more than 76 million. The illiteracy rate among the population is disturbingly high at about 49 pct. gross domesticated product per capita is about $4000 and the percent of the population living below the mendicancy line is about 17 percent. Secondary school teaching method is only 68 percent. Egypt suffers from a general lack of technical expertise that, among other things, limits the amount of high technology manufacturers and high tech exports. Consequently, only 7 percent of Egyptian exports were considered high-tech.

The Gross home(prenominal) Product was estimated at $295 million in 2003. The poorest 10 percent of the population earn about 3.7 percent of household income; the hand ten percent of the population earns about 30 percent of household income. The unemployment rate is about 10 percent. Gross domestic product

Figures on household income and exercise are not available. The labor force is approximately 22.3 million. husbandry employs 30 percent of the labor force, industry another 25%, and services account for the remaining 45 percent. The official unemployment rate is over 15 percent. This is at least partly out-of-pocket to the lack of hostile investment.

Iran has a population of about 69 million. Literacy among the total population is approaching 80 percent. Iran's economy is mark by a bloated, inefficient state sector, over credence on the oil sector. Most stinting activity is controlled by the state. Private sector activity is typically small-scale - workshops, farming, and services.

comparatively high oil prices in recent years set out enabled Iran to amass some $22 billion in foreign exchange reserves, but sop up not eased stinting hardships such as high unemployment and inflation.

Economics: Iran's GDP was estimated at $478 billion in 2003. GDP per capita is about $7,000, and 40 percent of the population is estimated to live below the poverty line.

The World Factbook 2003. 2 Nov. 2004. Guide to Country Profiles. 29 Nov.2004

Similarities and Differences: Morocco, Egypt and Iran have each go through a period of heavy government regulation of industries. on the whole three nations have large state run industries. Morocco and Egypt have tried to liberalize their economies. All three nations are dependent on oil exports. Morocco and Egypt have fairly limited reserves, date Iran has substantial oil reserves.

Morocco: Morocco has a population of about 30 million. It is a developing country, and like Egypt, Morocco's faces problems typical of developing nations including the train to curtail government spending, the need to reduce constraints on individual(a) industry and foreign trade, and the desire to develop sustainable economic growth. Gradual political reforms in the 1990s resulted in the consecrate
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