• Egypt’s GDP growth rate continued to recover during Q2 FY2024/2025, recording 4.3%, up from 2.3% in the same quarter of the previous fiscal year. 

• This growth is driven by continued government policies aimed at maintaining macroeconomic stability, coupled with stringent governance of public investment. 

• The fiscal and monetary corrective policies implemented by the government, coupled with stringent governance of public investment have solidified macroeconomic stability and enhanced the recovery of growth.

• The growth outlook remains positive, supported by ongoing structural reforms and diversification of the Egyptian economy's structure.

• Strong performance in non-oil manufacturing industries, tourism, and telecommunications sectors… We are advancing the transformation of Egypt’s economic structure towards tradable sectors and manufacturing.

• Non-oil manufacturing industries are leading economic growth with a rate of 17.74%, compared to a contraction of 11.56% in the corresponding period, supported by increased production and customs clearance facilitations.

• The tourism sector continues its strong performance… 18% growth in restaurants and hotels with 41.92 million tourist nights.

• Continued increase in private investment in the second quarter, accounting for more than 50% of total investments… Public investments contracted by 25.7%.

• The ICT sector achieved growth of 10.4%, driven by the expansion of digital infrastructure and increased demand for services.

• Growth continues despite the ongoing geopolitical tensions on Suez Canal activities… and the decline in the extraction sector.

• Ongoing economic reforms enhance the transition towards a more competitive and sustainable economy, boosting investor confidence.

• Net exports shifted to contribute positively to growth in the second quarter of the current fiscal year, driven by the growth of goods and services exports.

GDP Note For Q2 2024-2025 is available here.

For more details on GDP and investment data: National Accounts Data