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Browse Profiles > Egypt > Business Indicators |
| Score | Rank | |
| Standards Compliance Index | 30.83 out of 100 | 58 |
| Business Indicator Index | 8.15 out of 12 | 43 |
Egypt| Business Indicators |  |
With an overall score of 8.15/12, Egypt is progressing toward standard on the economic, legal, and political indicators that make up our Business Index. Egypt has a market-based mixed economy, in which total government expenditure, including consumption and transfer payments, is moderate. Government spending equaled 26.7 percent of GDP, and 29.4 percent of government revenues came from state-owned enterprises and government ownership of property. Egypt encourages foreign investment, but foreign investments often require approval by the relevant government ministry, and most foreign ownership of land is prohibited. Egypt does not provide specific tax incentives for foreign investment, but has lowered all taxes to promote overall investment. Property rights and local contracts are typically protected, but the processes for real-estate ownership and the acquisition of property titles are complex. The judicial process is lengthy, costly, and may be subject to political pressures. Corruption is extensive, as reflected in Egypt's ranking of 105th out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.
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Business Indicators |
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