Egypt GDP Annual Growth Rate

Egypt's economy grew by 5% in the fourth quarter of FY 2024/25, marking the fastest pace in three years, compared to 2.4% in the same quarter last year, according to preliminary estimates from the planning ministry. This strong performance lifted full-year growth to about 4.4% in FY 2024/25, surpassing the 4.2% target, with key contributions from tourism (+19.3%) and non-oil manufacturing (+18.8%). The telecommunications and information technology also grew solidly (+14.6%), supported by investments in digital infrastructure and the rollout of 5G technology. Other sectors contributed to the expansion, with financial intermediation (12.2%), transport and storage (7%), insurance (5.6%), electricity (5.3%), social services (4.7%), and construction (4.1%) performing strongly. Conversely, the Suez Canal witnessed a 5.5% contraction, far less than the 68.2% plunge a year ago, reflecting lower numbers of transit ships and reduced cargo volumes. The extraction sector shrank by 7.4%.