The Egyptian economy has been growing steadily over the last four decades. In the
1970s, the economy grew by an average of 8.5% annually in real terms, a rate matched
only by Asian export-led economies, 6% during the 1980s and the 1990s. Per capita
income more than doubled, and investment increasing at unprecedented rates, reaching
25% higher than the period of the 1960s. Such impressive growth starting the year 1975
and onward was mainly fueled by current income transfers that included oil revenue,
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Suez Canal revenue, workersíremittances, foreign aid and other geopolitical rents.