Suez+Canal+Economy+of+Egypt

=Suez Canal=

Suez Canal brought about $5.2 billion in 2008 and has been one of the most stable source of income for Egypt. Because of the Global slowdown the number of ship passing through the canal has decreased lowering the yearly revenue by almost 20% in 2009. The Suez Canal transports about 14% of total worldwide trade, 26% of oil exports and 41% of total volume of goods and cargo that reach the Arab Gulf ports. The canal revenue contribute 3-4% of Egypt's total GDP. To give a good example of how much money the canal makes: Small yachts may pay up to $15000 and aircraft carriers may pay up to $600000 to pass through the canal once. The amount of money paid depend on the weight of the ship and cargo.

Revenue in: this shows the decrease of revenue brought in by the canal due to decrease in traffic because of global economic crisis and also the piracy in the Gulf of Aden.
 * January 2008-$414.2 million
 * January 2009-$332.4 million

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sources: Thaindorn News, eTN, VOA,