This performance pushed overall annual growth to 4.4% for FY2024/2025, up from 2.4% the year before, exceeding initial targets.
Egypt’s economy recorded growth of 5% in the fourth quarter (Q4) of FY2024/2025, the highest in three years, compared to 2.4% in the same quarter last year.
This performance pushed overall annual growth to 4.4% for FY2024/2025, up from 2.4% the year before, exceeding initial targets.
The Ministry of Planning, Economic Development, and International Cooperation attributed the result to the economy’s resilience and to policy efforts focused on stabilizing macroeconomic conditions, enhancing governance of public investment, and boosting private sector participation.
Growth momentum was mainly supported by non-oil manufacturing, tourism, and communications and information technology. Tourism expanded 19.3% in Q4 and 17.3% for the full year, attracting more than 17 million tourists, a 16.4% increase. Tourist nights rose 16.3% to reach 179 million.
Non-oil manufacturing surged 18.8% in Q4 and 14.7% annually, reversing contractions in previous years. Within the sector, motor vehicle production grew 126%, pharmaceuticals 52%, and ready-made garments 41%.
The ICT sector recorded growth of 14.6% in Q4 and 13.8% annually, supported by investments in digital infrastructure and the rollout of 5G technology.
Other activities also contributed positively, including financial intermediation, which grew 10.8% in Q4 and 12.6% for the year, transport and storage with 7%, insurance with 5.6%, electricity with 5.3%, social services with 4.7%, and construction with 4.1%.
By contrast, the Suez Canal contracted 52% for the year, though the pace of decline slowed to 5.5% in Q4 compared to 68.2% in the same quarter of FY2023/2024.
Extractive industries also shrank by nearly 9% annually, with oil down 7.5% and natural gas 19.1%. However, Q4 showed signs of recovery, as the contraction slowed to 7.4% with the resumption of development in Mediterranean and Gulf of Suez gas fields.
Export performance strengthened alongside the industrial rebound. Exports of manufactured goods grew 12.8% in Q4, led by food products, garments, perfumes, and cosmetics.
Total exports of goods and services rose 23.7% to EGP 1.7 trillion in FY2024/2025, up from EGP 1.4 trillion the year before. Imports also increased, rising 29.2% to EGP 2.3 trillion. In Q4 alone, exports reached EGP 476.5 billion, with finished goods accounting for 54.5%.
Fuel exports grew 29.4%, while raw materials rose 23.9%, but cotton and semi-manufactures fell 25.5% and 8.8% respectively. Imports reached EGP 782 billion in Q4, with intermediate goods making up 34.5% of the total and rising 55.3%. Fuel imports were up 27%, while raw materials and capital goods declined by 21% and 8.3%.
Investment also showed significant shifts. Total fixed investments at constant prices reached EGP 1.23 trillion, compared to EGP 1.21 trillion the year before. Public investment’s share dropped from 51.2% to 43.3%, while private investment climbed to 47.5%, its highest in five years. This turnaround restored a positive contribution of investment and inventories to GDP growth, moving from -0.94 percentage points in Q4 FY2023/2024 to +4.74 points in Q4 FY2024/2025.
Commenting on the results, Minister of Planning Rania Al-Mashat highlighted that Egypt achieved its strongest quarterly performance in three years, underscoring the economy’s resilience.
She noted that growth was driven by manufacturing, tourism, and ICT, and reaffirmed the government’s commitment to structural reforms, strengthening competitiveness, and enabling the private sector as the main driver of future growth.
