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Egypt’s GDP growth rate hits 4.3% in Q2 FY2024/25: Al-Mashat

Egypt’s gross domestic product (GDP) growth rate recorded 4.3% in the second quarter (Q2) of fiscal year (FY) 2024/2025.

Updated 3/26/2025 11:23:00 AM
Capital Economics forecasts Egypt’s GDP at 5% in FY2024/25

Capital Economics expects Egypt’s gross domestic product (GDP) growth to hit 5% in fiscal year (FY) 2024/2025, Emerging Markets Economist James Swanston said in a research note.

Updated 1/23/2025 8:36:00 AM
IMF slashes Egypt's economic growth forecast for FY2024/25 by 0.5%

The International Monetary Fund (IMF) has cut its forecast for Egypt's real gross domestic product (GDP) growth by 0.5% and 1% for the current and next fiscal years (FYs) 2024/2025 and 2025/2026.

Updated 1/18/2025 9:28:00 AM
Egypt’s GDP to hit 4% in current FY2024/25: Al Ahly Pharos

Egypt’s economic growth is projected to hit 4% in the current fiscal year (FY) 2024/2025, marking a modest rebound from the 3% growth recorded in FY2023/2024.

Updated 12/25/2024 1:38:00 AM
EFG Holding expects Egypt's GDP to hit 3.7% in 2025

EFG Holding has forecasted that the Egyptian economic growth would reach 3.7% in 2025 and 4.7% by 2026.

Updated 12/22/2024 3:24:00 AM
Egypt aims to boost mining sector’s GNP contribution to 5-6%

The Ministry of Petroleum and Mineral Resources is aiming to boost the mining sector’s contribution to Egypt’s gross national product (GNP) from the current 1% to between 5% and 6%, Petroleum Minister Karim Badawi announced.

Updated 12/18/2024 11:17:00 AM
Egypt’s GDP expected to grow 4% in 2025: Mastercard Economics Institute

Egypt’s gross domestic product (GDP) is expected to grow by 4% year-on-year (YoY) in 2025, according to the Mastercard Economics Institute’s annual report.

Updated 12/17/2024 8:52:00 AM
World Bank cuts forecast for Egypt’s GDP growth in FY2024/25

The World Bank Group (WBG) has downgraded its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2024/2025 to 3.5%, down from a previous forecast of 4.2% announced in June, according to Growth in the Middle East and North Africa MENA Economic Update.

Updated 10/17/2024 8:08:00 AM
Egypt records 2.4% GDP growth in Q4 FY2023/24: Planning Ministry

Egypt’s gross domestic product (GDP) experienced a growth rate of 2.4% during the fourth quarter (Q4) of the fiscal year (FY) 2023/2024.

Updated 10/3/2024 12:26:00 PM
Egypt's real GDP slows to 2.4% in 9 months: CBE

Egypt's real gross domestic product (GDP) growth decelerated to 2.4%in the first nine months of fiscal year (FY) 2023/2024, down from 4.1% in the same period a FY earlier, data from the Central Bank of Egypt (CBE) showed.

Updated 10/2/2024 12:12:00 PM
Egypt targets 4.2% GDP growth for FY2024/25: El Khatib

The Egyptian government targets achieving a gross domestic product (GDP) growth rate of 4.2% this fiscal year (FY) 2024/2025, Minister of Investment and Foreign Trade Hassan El Khatib stated during the cabinet’s ministerial economic group meeting.

Updated 8/8/2024 7:28:00 AM
ICT sector contributes 5.8% to Egypt’s GDP in FY2023/24

The information and communications technology (ICT) sector contributed 5.8% to Egypt’s gross domestic product (GDP) in fiscal year (FY) 2023/2024, Minister of Communication and Information Technology Amr Talaat revealed.

Updated 7/16/2024 9:08:00 AM
Morgan Stanley revises Egypt's GDP forecast for FY2024/25 to 4.8%

Morgan Stanley has revised Egypt's gross domestic product (GDP) forecast for the fiscal year (FY) 2024/2025 upward to 4.8%, up from a previous estimate of 4.3%.

Updated 7/14/2024 12:49:00 PM
World Bank maintains Egypt’s economic growth forecast at 4.2% for FY2024/25

The World Bank Group (WBG) has reaffirmed its forecasts for Egypt's real gross domestic product (GDP) growth, maintaining it at 4.2% for fiscal year (FY) 2024/2025 and 4.6% for FY 2025/26, as reported in the bank’s Global Economic Prospects Report for June.

Updated 6/12/2024 6:30:00 AM
Egypt targets primary surplus of 3.5% of GDP in FY2024/25

Egypt is targeting achieving a primary surplus of EGP 591.4 billion, representing 3.5% of the gross domestic product (GDP), in fiscal year (FY) 2024/2025, Minister of Finance Mohamed Maait stated.

Updated 6/4/2024 12:20:00 PM
Parliament gives final nod to FY2024/25 economic, social development plan

The House of Representatives has given its final approval on the country’s economic and social development plan for fiscal year (FY) 2024/2025.

Updated 6/4/2024 7:06:00 AM
Egypt’s GDP expected to hit EGP 17.3T in FY2024/25: Elsaid

Egypt’s gross domestic product (GDP) at current prices is expected to reach EGP 17.3 trillion under the fiscal year (FY) 2024/2025’s economic and social development plan, up from the expected EGP 13.9 trillion in the current FY, Minister of Planning and Economic Development Hala Elsaid stated.

Updated 5/27/2024 8:22:00 AM
IFC’s investments in Egypt hit $9B

The International Finance Corporation (IFC) has invested around $9 billion in Egypt so far, in addition to a portfolio of advisory services, Minister of International Cooperation Rania Al-Mashat stated on the sidelines of the IFC Day held in Egypt on May 12th.

Updated 5/13/2024 7:18:00 AM
Egypt’s primary surplus expected to hit 5.75% end-June: Maait

Egypt is expected to achieve a primary surplus of 5.75% of gross domestic product (GDP) by the end of June 2024, Minister of Finance Mohamed Maat stated on the sidelines of the World Economic Forum’s special meeting in Riyadh.

Updated 4/30/2024 10:46:00 AM
Egypt expects 4% economic growth in FY2024/25

The Egyptian government expects the country’s gross domestic product (GDP) growth rate to drop to 4.0% in the coming fiscal year (FY) 2024/2025, down from the 4.1% projected for the current FY.

Updated 4/18/2024 12:31:00 PM