GDP
A latest report by the International Monetary Fund (IMF) highlighted the top 10 African countries with the highest Gross Domestic Product (GDP) in 2025.
The revised estimates suggest Egypt’s economy will expand by 2.4 percent this year, followed by growth of 3.8 percent in 2025 and 4.3 percent in 2026.
Egypt's population stood at 107.2 million in January 2025, up from 104.4 million in January 2023.
BNP Paribas also forecasted a significant easing in inflation, which hit 24.1 percent in December 2024, confirming the downward trend that had begun in September of the same year.
According to a statement from the Cabinet released on Tuesday, the Prime Minister also set out important long-term economic targets, including projections for imports and exports.
These developments are expected to bolster activity through the Suez Canal, benefiting Egypt’s trade and logistics sectors
The growth is driven economic reform policies and notable improvement in certain sectors.
Egypt's economy is on a recovery trajectory, it noted, adding that the pace has been slower than anticipated, partly due to regional geopolitical tensions and trade disruptions in the Red Sea.
“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.
The minister reiterated the government’s commitment to implementing effective measures to support macroeconomic stability
The forecast was lowered “due to weak manufacturing activity, import restrictions, a downturn in gas extraction operations, and reduced shipping through the Suez Canal”.
According to the release, the Ras El Hekma megaproject is expected to contribute approximately $25 billion annually to Egypt's GDP and create around 750,000 jobs, with projected cumulative investments reaching $110 billion by 2045
The country’s GDP was recorded at LE 2.14 trillion, up from LE 2.09 trillion in FY2022/2023, according to the report
The investment minister also disclosed that they anticipate a growth rate of 5.5 percent in the coming FY, with projections at 6.5 percent by 2030
The Egyptian government targets to allocate 1.8 percent of GDP for spendings on research and development (for the Ministry of Higher Education) in 2030, compared to about 1.2 percent in the current fiscal year 2024/2025.
This forecast is only slightly below the International Monetary Fund’s (IMF) expectations of 4.1 percent after its latest revision, followed by the World Bank and Egypt’s own forecast of 4.2 percent
Electricity use increased by 12 percent in 2024.
Globally, growth projections remain stable at 3.2 percent for 2024 and 3.3 percent for 2025
In 2023, Egypt’s tourism sector contributed around 24 percent of the country’s GDP in 2023, recording around LE 953 billion
For the coming fiscal year, the WB affirmed its previous forecast, predicting a 4.2 percent growth rate for FY2024/2025, while estimating a slight bump for FY2025/2026 to 4.6 percent
