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Export of petroleum and related products amounted to $2.6 billion in the year 2000. In late 2001, Egypt's benchmark "Suez Blend" was about $16.73 per barrel ($105/m³), the lowest price since 1999.

Archeological findings show that primitive tribes lived along the Nile long before the dynastic history of the pharaohs began. By 6000 B.C., organized agriculture had appeared.

In December 1999, in response to strong criticism of the Ottoman decree, President Mubarak issued a decree making the repair of all places of worship subject to a 1976 civil construction code. The decree is significant symbolically because it places churches and mosques on equal footing before the law. The practical impact of the decree has been to facilitate significantly church repairs; however, Christians report that local permits still are subject to security authorities' approval. The approval process for church construction continued to be time consuming and insufficiently responsive to the wishes of the Christian community. As a result of these restrictions, some communities use private buildings and apartments for religious services.

The literacy rate is about 55% of the adult population. Education is free through university and compulsory from ages six through 15. Rates for primary and secondary education have strengthened in recent years. Ninety-three percent of children enter primary school and about one-quarter drop out after the sixth year; in 1994-95, 87% entered primary school and about half dropped out after the sixth year. There are 20,000 primary and secondary schools with some 10 million students, 13 major universities with more than 500,000 students, and 67 teacher colleges. Major universities include Cairo University (100,000 students), Alexandria University, and the 1,000-year-old Al-Azhar University, one of the world's major centers of Islamic learning.

Coptic Christians celebrate Christmas on the 7th of January which, since 2002, is an official national holiday in Egypt.

A primarily male spiritual manifestation is Sufism, an Islamic mystical tradition. Sufism has existed since the early days of Islam and is found in all Islamic countries. The name derives from the Arabic word suf (wool), referring to the rough garb of the early mystics. Sufism exists in a number of forms, most of which represent an original tarika developed by an inspired founder, or shaykh. These shaykhs gradually gathered about themselves murids, or disciples, whom they initiated into the tarika. Gradually the murids formed orders, also known as turuq, which were loyal to the shaykh or his successors. The devotions of many Sufi orders center on various forms of the dhikr, a ceremony at which music, body movements, and chants induce a state of ecstatic trance in the disciples. Since the early 1970s, there has been a revival of interest in Sufism. Egypt's contemporary Sufis tend to be young, college-educated men in professional careers.

Though considered a low-income country, Egypt has a thriving media and arts industry, with more than 30 satellite channels and more than 100 motion pictures produced a year. To bolster its media industry, especially with the keen competition from the Persian Gulf states and Lebanon, it has built a large media city that it has promoted as the "Hollywood of the East". Egypt has the only opera house amongst Arab countries.

Egypt is on good terms with all of its neighbours, and was the first Arab nation to make peace with Israel. It has a territorial dispute with Sudan over the Hala'ib Triangle

Among the modern talents of Egyptian literature, Naguib Mahfouz is foremost. In 1988, he was awarded the Nobel Prize for Literature. Other well-known Egyptian writers include Nawal El Saadawi, who is well known for her feminist works and activism, and Alifa Rifaat who is conservative and writes about women and tradition

The People’s Assembly may cause the resignation of the executive cabinet by voting a motion of censure. For this reason, the Prime Minister and his cabinet are necessarily from the dominant party or coalition in the assembly. In the case of a president and assembly from opposing parties, this leads to the situation known as cohabitation. While motions of censure are periodically proposed by the opposition following government actions that it deems highly inappropriate, they are purely rhetorical; party discipline ensures that, throughout a parliamentary term, the government is never overthrown by the assembly