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Change in per capita GDP of Egypt, 1820–2018. Figures are inflation-adjusted to 2011 International dollars. From the 1850s until the 1930s, Egypt's economy was heavily reliant on long-staple cotton, introduced in the mid-1820s during the reign of Muhammad Ali (1805–49) and made possible by the switch from basin irrigation to perennial, modern irrigation. [21]
Between 1837 and 1900, copper 1 and 5 para*, silver 10 and 20 para, 1, 5, 10 and 20 piastre (pt), gold 5pt, 10pt. and 20pt and E£1 coins were introduced, with gold 50 PT coins issued in 1839. Copper 10 para coins were introduced in 1853, although the silver coin continued to be issued.
Tourism is one of the leading sources of income, crucial to Egypt's economy. At its peak in 2010, the sector employed about 12% of workforce of Egypt, [ 1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [ 2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.
Egypt has an area of 1,002,450 km 2 (387,050 sq mi). The longest straight-line distance in Egypt from north to south is 1,420 km (880 mi), while that from east to west measures 1,275 km (792 mi). Egypt has more than 2,900 km (1,800 mi) of coastline on the Mediterranean Sea, the Gulf of Suez , and the Gulf of Aqaba .
The coast is more mild with temperatures ranging from a high of 30°C (86°F) in the winter to a low of 14°C (57°F) in the winter. [10] From the years of 2000-2020, average temperature in Egypt increased by 0.38 degrees celsius per decade, a temperature increase that is higher than the world average. [11]
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