Gross Domestic Product (GDP)
Egypt is the largest non-OPEC oil producer in Africa and the second largest dry natural gas producer on the continent. The country plays a vital role in international energy markets through the operation of the Suez Canal and Suez-Mediterranean (SUMED) Pipeline. Eenergy production in Egypt has been steadily declining since 2009 and in 2012 reached 82,046 ktoe. This is due to shortages in natural gas supply and oil production being unable to keep up with the energy demand. Final energy consumption in Egypt in 2012 added up to 55,879 ktoe with industry and transportation sector accounting for 53% of total final consumption. In 2012, the share of electricity production from renewable energy sources reached 14,855 GWh, which is a share of 9.04% of the total electricity production. While 13,358 GWh (8.13%) were produced by hydropower installations, wind power contributed another 1,260 GWh (0.77%) and solar PV 237 GWh (0.14%).