Economic growth rate up to 6.5 percent

A report released by the Ministry of Economy said Egypt's rate of growth in 99/2000 raised to 6.5 percent against 6 percent in 98/99. "The contribution of the private sector in the Gross Domestic Product (GDP) hit 73.1 percent; the rate of unemployment dropped to 7.4 percent against 7.9 percent in 98/99 whereas the rate of inflation declined to 2.5 percent till last June," the Report said.

The total of GDP hit LE 339 billion with an increase of LE 137 billion against 98/99 fiscal years figures.