GDP Growth
On a calendar-year basis, Egypt's economy is projected to grow by 3.2 percent in 2024, with an optimistic increase to 4.5 percent in 2025.
The country’s GDP was recorded at LE 2.14 trillion, up from LE 2.09 trillion in FY2022/2023, according to the report
S&P highlighted the government’s decision to stop projects with significant FX costs or are at a completion rate of 50 percent or less, noting that it expected this to reduce related imports and support the country’s external position
Minister of Petroleum Tarek El-Molla stressed it is important to rapidly implement this strategy to support economic growth.
Global financial service provider Deutsche Bank has a positive near-term outlook for Egypt on strengthening the economy.
