Egypt’s economy exceeds growth target with 5% expansion in 2024/2025

Egypt’s economy grew by 5 per cent in fiscal year 2024/2025, surpassing government projections and marking the country’s fastest pace in two years, according to data released by the Ministry of Planning and Economic Development. This is reported by Sada El-Balad, a partner of TV BRICS.

Non-oil manufacturing was among the strongest performers, expanding by 14.7 per cent compared with a contraction of 6.1 per cent a year earlier. Tourism also posted robust results, with over 17 million visitors in the past fiscal year, a 16.4 per cent annual increase.

The information and communications technology sector recorded quarterly growth of 14.6 per cent and annual growth of 13.8 per cent, driven by investment in digital infrastructure and the rollout of 5G networks.

Industrial exports also gained momentum, with finished goods rising by 12.8 per cent in the fourth quarter. Imports of intermediate goods grew by 55.3 per cent, largely due to higher vehicle parts demand, and accounted for 34.5 per cent of total imports.

Officials stressed that the government will continue implementing structural reforms, strengthening macroeconomic stability and supporting private-sector participation to consolidate growth.

Photo: Alex Sholom / iStock