EGYPT’S economy grew by 5 % in fiscal year 2024/2025, surpassing government projections and marking the country’s fastest pace in two years, according to data released by the Ministry of Planning and Economic Development. This is reported by Sada El-Balad, a partner of TV BRICS.
Non-oil manufacturing was among the strongest performers, expanding by 14.7 % compared with a contraction of 6.1 per cent a year earlier. Tourism also posted robust results, with over 17 million visitors in the past fiscal year, a 16.4 % annual increase.
The information and communications technology sector recorded quarterly growth of 14.6 per cent and annual growth of 13.8 %, driven by investment in digital infrastructure and the rollout of 5G networks.
Industrial exports also gained momentum, with finished goods rising by 12.8 % in the fourth quarter. Imports of intermediate goods grew by 55.3 %, largely due to higher vehicle parts demand, and accounted for 34.5 % of total imports.
Officials stressed that the government will continue implementing structural reforms, strengthening macroeconomic stability and supporting private-sector participation to consolidate growth.
(TV BRICS)
