GDP

Egypt comes second in Africa with highest GDB in 2025

Sat, 26 Apr 2025 - 11:46 GMT

A latest report by the International Monetary Fund (IMF) highlighted the top 10 African countries with the highest Gross Domestic Product (GDP) in 2025.

IMF upgrades Egypt’s growth forecast amid regional downturn

Tue, 22 Apr 2025 - 02:24 GMT

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 records lowest population growth rate in Q1 2025: Health min.

Mon, 07 Apr 2025 - 11:40 GMT

Egypt's population stood at 107.2 million in January 2025, up from 104.4 million in January 2023.

French bank BNP Paribas predicts Egypt’s economic growth to reach 4% in FY2025

Thu, 20 Feb 2025 - 04:06 GMT

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.

Madbouly reveals new growth targets for coming 3 years, shares import and export projections

Wed, 29 Jan 2025 - 11:45 GMT

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.

Capital Economics expects Egypt’s GDP to climb 5% in current fiscal year as ceasefire goes into effect

Thu, 23 Jan 2025 - 01:34 GMT

These developments are expected to bolster activity through the Suez Canal, benefiting Egypt’s trade and logistics sectors

Egyptian economy grows by 3.5% in July-September 2024

Tue, 31 Dec 2024 - 09:27 GMT

The growth is driven economic reform policies and notable improvement in certain sectors.

Fitch Solutions revises its GDP projections for Egypt in FY2024/2025 from 4.2%

Thu, 19 Dec 2024 - 11:30 GMT

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.

IMF’s Azour: Egypt on target to meet IMF program goals of recovery, inflation, FX

Thu, 31 Oct 2024 - 11:46 GMT

“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.

Al Mashat reveals FY2023/2024 economic indicators, reports 2.4% GDP growth in Q4 FY23

Thu, 17 Oct 2024 - 03:02 GMT

The minister reiterated the government’s commitment to implementing effective measures to support macroeconomic stability

World Bank revises Egypt’s growth forecast to 2.5%, assuming no regional conflict escalation

Thu, 17 Oct 2024 - 11:36 GMT

The forecast was lowered “due to weak manufacturing activity, import restrictions, a downturn in gas extraction operations, and reduced shipping through the Suez Canal”.

Ras El Hekma “a catalyst for the development of Egypt’s economy,” to bring in $25B to GDP

Mon, 07 Oct 2024 - 11:17 GMT

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

CBE reveals FY2023/2024 economic indicators, GDP reported at LE 2.14trn

Tue, 13 Aug 2024 - 04:08 GMT

The country’s GDP was recorded at LE 2.14 trillion, up from LE 2.09 trillion in FY2022/2023, according to the report

Egypt predicts economic growth to reach 4.2% by end of FY2024: Minister of Investment

Thu, 08 Aug 2024 - 12:14 GMT

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

Egypt targets to spend 1.8% of GDP on research, educational development by 2030

Fri, 02 Aug 2024 - 07:44 GMT

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.

Reuters Poll: Egyptian economy growth to slow to 4% in current FY

Wed, 24 Jul 2024 - 11:31 GMT

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

Power-saving electricity cuts to end in Egypt on July 21 till mid-September

Wed, 17 Jul 2024 - 03:15 GMT

Electricity use increased by 12 percent in 2024.

IMF predicts 2.7% growth in Egyptian economy during current FY, with slight recovery in FY25

Tue, 16 Jul 2024 - 03:36 GMT

Globally, growth projections remain stable at 3.2 percent for 2024 and 3.3 percent for 2025

Egypt’s tourism sector to contribute 8.1% of national GDP in 2024: World Travel and Tourism Council

Thu, 27 Jun 2024 - 03:43 GMT

In 2023, Egypt’s tourism sector contributed around 24 percent of the country’s GDP in 2023, recording around LE 953 billion

World Bank cites reduced Suez Canal traffic and tourism for 2.8% growth forecast for FY2023/2024

Wed, 12 Jun 2024 - 10:58 GMT

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

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