EGYPT’S PETROLEUM SECTOR IN A YEAR ECONOMIC CONTRIBUTION
3.1 PETROLEUM CONTRIBUTION TO GDP
Egypt’s total growth domestic product (GDP) reached Egyptian pound (EGP) 4333.9 billion in FY 2017/18. The petroleum GDP –oil and gas extraction activities and petroleum refining- recorded a total of EGP 590.67 billion in FY 2017/18, representing around 13.6% of the total GDP compared to 12.2% in the previous year. The sector’s GDP witnessed a growth rate of 42.1% in FY 2017/18, according to the Central Bank of Egypt (CBE).
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