The Egyptian economy records the highest quarterly growth rate in 3 years

Egyptian economy

The Ministry of Planning, Economic Development and International Cooperation in Egypt announced the continued increase in the average growth of the gross domestic product of Egypt during the fourth quarter of the financial year 24/2025, to register about 5%, compared to the average growth registered during the quarter -view of the previous financial year, which amounted to 2.4%, which is the highest rate of quarterly growth that was achieved three since three Years.

The ministry said, in a press statement on Tuesday, that this performance contributed to raising the annual growth average for the year 24/2025 to about 4.4 percent, compared to the modest growth rate that was recorded in 23/2024, which amounted to about 2.4 percent, exceeding the average growth of the year and estimated by about 4.2 percent.

She added that this achieved recovery confirms the flexibility of the Egyptian economy in confronting the external shocks that it was exposed to during the previous period, as a result of the constant endeavor to implement the policies supporting the stability of the macroeconomic and the governance of public investment spending, and stimulating the increase in the private sector’s contribution to the economy driven by the government’s continued commitment to the reform agenda that was placed in the framework of the national program for reforms Structuralism.

According to the statement, the growth came during the fourth and fiscal year 24/2025 driven by the high growth that a number of main sectors witnessed, the most important of which are the tourism sector, the non -petroleum manufacturing industries, the telecommunications and information technology sector.

This recovery was also supported by the index of the non -petroleum manufacturing industry by 18.8 percent during the fourth quarter of the financial year 24/2025, compared to the rate of growth achieved during the quarter -proceeds of the previous year, which was limited to only 4.7 percent against the background of the expansion of a number of major industries, such as vehicles (126 percent), Pharmaceutical and pharmaceutical preparations (52 percent), and ready -made clothes (41 percent).

On the side of spending, the quarter witnessed a remarkable improvement in the contribution of investment and the stockpile, which moved from negative to the positive, indicating a gradual restoration of investment momentum.

The data showed an important shift in the investment structure, as the contribution of public investments decreased to 43.3 percent of the total investment and stock in the financial year 24/2025 after it was 51.2 percent in 2023/2024, compared to the rise of the private investment share to 47.5 percent of the total investment and stock, which is the highest level during the past five years.

The statement pointed out that in light of the state of global uncertainty and geopolitical tensions witnessed by the region, the Suez Canal activity continued to take back, although at a rate of 5.48 percent less during the fourth quarter, and 52 percent during the financial year affected by geopolitical tensions in the region, which negatively reflected on the maritime trade movement and led to a decrease in a mourner in a mourning decrease in The numbers of transit loads and their loads.

The growth of the growth activity continued, as the oil and natural gas sectors witnessed a contraction during the fourth and financial year.

The statement pointed out that the pace of contraction began to take back during the fourth quarter, as some development work was resumed for the fields during the quarter.

According to the statement, the Egyptian tourism sector managed to attract more than 17 million tourists by the end of last fiscal year, with an annual increase of 16.4 percent.

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