Al-Ahram: Egyptian GNP up by 3%; national economic statistics
According to statements by Egyptian Prime Minister to Al-Ahram daily on December 20, the GNP has achieved growth by 3% in 2003 as detailed here:
*The rate of GDP growth realized by Egyptian economy in 2003 was 3%. The total national production achieved an increase of LE 35 billion in 2003 amounting to LE 415 billion compared to LE 379.1 billion in 2002.
*The total national income came to realize LE 429.3 billion in 2003 as compared to LE 393.3 billion in 2002.
*The average individual income of the GNP amounted to LE 6165 compared to LE 5785 last year.
*The total consumption of the GNP reached 85.5% at the value of LE 355 billion, out of which LE 303 billion as family consumption and LE 303 billion as government consumption.
*The total realized investments amounted to LE 68.1 billion: LE 32.8 billion for private sector investments, LE 21.9 billion for government investments and LE 9.1 billion for economic bodies investments.
*Local savings rate rose up to 14.5% of the GNP compared to 13.8% last year.
*The savings of the family sector surged up from LE 74 billion in 2002 to LE 86 billion in 2003 at a ratio of 16.4%.
*It is expected that the foreign currency resources would reach in 2003/2004 $ 24 billion compared to $ 20.4 billion last year.
*The volume of exports of the free zones amounted to $ 1321 million.
*202 companies were privatized. 178 companies have yet to be privatized.
*The number of telephone service subscribers increased by 878 thousand to reach total of 8.6 million subscribers. Mobile telephone holders amounted to 5.55 million.
*The Internet service was introduced to 927.932 thousand houses.
*Electricity users in 2003 increased by one million in 2003 so that their number amounted now to 19.2 million.
*418.364 thousand graduates were appointed whereas 182.070 went for training courses.
*1350 new schools were built and 1694 new kindergarten classes were set up.
*Class room density has been reduced to 39 pupils.
*Number of social insurance users in all forms amounted to 3.6 million ( 935 thousand families ).