Egypt’s economy grew by 4.77% in the third quarter of the 2024/2025 fiscal year, according to official figures released by the Ministry of Planning, reflecting a steady recovery fueled by industrial production, construction, and export performance.
ALSO READ: African Startups Secure $254 Million in May, Egypt Leads Investment Wave
The rebound comes amid broader efforts to stabilise the macroeconomic environment following a challenging period marked by inflationary pressures, currency adjustments, and global trade disruptions. Key sectors such as manufacturing, construction, and logistics led the growth momentum, supported by increased public investment and renewed private sector confidence.
The industrial recovery has been bolstered by the government’s localisation strategy, aimed at boosting domestic production capacity, reducing import dependence, and enhancing competitiveness across value chains. Additionally, improvements in supply chain efficiency and regulatory reforms have started to yield results in sectors such as textiles, food processing, and building materials.
ALSO READ: The Pyramid of Giza: Egypt’s Timeless Wonder
Egypt’s Suez Canal revenues and non-oil exports also contributed positively to growth, alongside a rise in tourism and remittances. The agriculture and ICT sectors maintained stable performance, providing balance to the broader economic structure.
Despite global headwinds, officials remain optimistic about Egypt’s full-year outlook, citing continued structural reforms under the IMF-backed economic support programme and the launch of targeted stimulus packages to ease cost-of-living burdens and attract foreign direct investment.
With inflation easing and the exchange rate stabilising, the government is aiming for a GDP growth target of 5% to 5.2% by the end of the fiscal year.
