<\/a>Even though Egypt has the 27th most developed economy globally, living conditions for the average Egyptian remained poor and contributed to public discontent. After unrest erupted in January 2011, the Egyptian Government backtracked on economic reforms, drastically increasing social spending to address public dissatisfaction, but political uncertainty at the same time caused economic growth to slow significantly, reducing the government’s revenues. With a GDP of $537.8 billion, the GDP per capita is no higher than $6,600, maintaining at the same value as for 2011 and for 2010 (2012 estimate). Also, the economic growth in 2012 was of 2%, while in 2011 was of 1.8% and in 2010 of 5.1%. According to a 2005 estimate, 20% of Egyptians live below World Bank\u2019s poverty line.<\/p>\n