Effects of the Global Crisis on the Egyptian Textiles and Clothing Sector: A Blessing in Disguise?

Table 13

Private sector sample estimates for production, sales, and exports (2004–2009).

	2004	2005	2006	2007	2008	2009
Level (LE millions)*
Real production	2372	2100	2147	1857	1780	1334
Real sales	1122	1050	1030	1003	794	608
Real exports	1017	993	1146	747	956	741
Growth rate (%)
Real production		−11%	2%	−14%	−4%	−25%
Real sales		−6%	−2%	−3%	−21%	−23%
Real exports		−2%	15%	−35%	28%	−23%

Source: Author’s calculations based on IDSC firm questionnaire data [6]. *Note: these figures are calculated using sampling weights after dropping firms with missing observations. Firms that opened up after 2004 are also excluded from the analysis. Figures converted from nominal to real using CPI from World Development Indicators [15] and IMF Financial Statistics [16] (𝑛=259).