The economy of Egypt depends mainly on agriculture, media, petroleum exports, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
Cairo is a megacity and a global city serving as the capital of Egypt. Cairo is the center of Egypt, as it has been almost since its founding in 969 AD. 15% of all Egyptians live there. The majority of the nation’s commerce is generated there, or passes through the city.
Cairo has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.