Wholesale, retail trade contributes 13.6% to Egypt’s GDP in 2019/20: El-Said

Wholesale, retail trade contributes 13.6% to Egypt’s GDP in 2019/20: El-Said

Egypt's wholesale and retail trade sector has contributed 13.6% to the country's GDP during fiscal year (FY) 2019/20, according to Minister of Planning and Economic Development Hala El-Said.She added that industry contributed 11.7%, agriculture contributed 11.3%, real estate activities contributed 10.3%, construction and construction contributed 4.9%, and transportation and storage contributed 4.6%.The minister also said that the Egyptian economy has managed to resiliently take on the novel coronavirus (COVID-19) crisis due to its structural diversity.El-Said noted that the results of the economic and social reform programme, initiated by the Egyptian government in 2016, have positively affected the local economy's response to the crisis. The reform programme saw an improvement in all indicators of economic performance before the Coronavirus crisis.She said that the country saw its economic growth rate reach 5.6%