Egypt’s economy shows strongest growth in three years

The Japan International Cooperation Agency (JICA) reported that Egypt’s economy continued on a solid recovery path during fiscal year 2024/2025, achieving a 4.77 percent growth rate in the third quarter—the highest level in three years. This marks a significant leap from the 2.2 percent growth recorded in the same period last year.

According to JICA, this performance was fueled primarily by a surge in the manufacturing sector, supported by an increase in exports, which further cemented industry’s position as a main driver of economic growth.

The agency also emphasized Egypt’s resilience at the start of the year, highlighting a noticeable decline in inflation and unemployment rates, coupled with broader expansion in economic activity. These indicators, JICA noted, create promising conditions for further improvement and inspire optimism about the country’s economic trajectory.

Meanwhile, Fitch Solutions projects Egypt’s growth to rebound to 4.1 percent in 2025, after slowing to 2.4 percent in 2024, compared to 3.8 percent in 2023. The forecast points to continued acceleration, with growth expected to reach 4.7 percent by 2026.