FX.co ★ Egypt GDP Growth Hits Over 3-Year High of 5.3%

In the first quarter of the fiscal year 2025/26, Egypt's economy experienced a growth rate of 5.3%, marking the strongest pace in over three years and significantly surpassing the previous year's 3.5%, as per preliminary data from the Planning Ministry. This robust growth is largely credited to ongoing economic and structural reforms that have stimulated key sectors such as non-oil manufacturing, tourism, and telecommunications. Non-oil manufacturing surged by 14.5% during this period, with remarkable increases observed in motor vehicles, chemicals, beverages, and furniture, which rose by 50%, 44%, 37%, and 34%, respectively. The communications and information technology sector also saw an advance of 14.5%, while financial intermediation increased by 10.2%. The tourism industry grew by 13.8%, attracting nearly 5.1 million tourists to the country. Additionally, activities related to the Suez Canal posted a positive growth of 8.6%, marking the first increase since the second quarter of the 2023/2024 fiscal year. In contrast, the extraction sector faced a contraction of 5.3%, driven by a 6.6% decrease in petroleum output and a 10.9% reduction in natural gas production.