Glossary & framework library

Economic base

Urban Economics

Reference

The export-oriented industries that drive a city income and, in turn, its real estate demand.

Related terms

  • Externality

    A cost or benefit from an activity that falls on third parties not involved in it; a new metro line's uplift to nearby land value, or congestion from a poorly…

  • Foreign direct investment (FDI)

    Cross-border investment where a foreign entity takes a lasting stake in local assets or operations; Gulf sovereign wealth flows into Egyptian and African real…

  • Gentrification

    The process by which rising investment and wealthier residents displace lower-income occupants of a district; visible in parts of Cairo's downtown and inner-ci…

  • Gross domestic product (GDP)

    The total value of goods and services produced in an economy over a period; real estate demand tracks GDP growth, which is why analysts anchor absorption forec…

  • Gross national income (GNI)

    The total income earned by a country's residents including net income from abroad; for remittance-heavy economies like Egypt, GNI captures household purchasing…

  • Inflation

    The rate at which the general price level rises, eroding purchasing power; in Egypt and Nigeria double-digit inflation is a primary reason investors treat real…

  • Infrastructure-led growth

    Development demand created by new transport, utilities, or public investment.

  • Labour force participation

    The share of the working-age population that is employed or actively seeking work; low female participation across MENA is a key swing factor in household inco…