Egypt’s GDP Saw Growth of 5.3% in First Quarter of 2025/2026

Egypt’s GDP experienced a significant increase of 5.3% in the first quarter of the 2025/26 fiscal year, a notable improvement over the 3.5% growth recorded in the same period a year earlier. According to the planning ministry, this growth was largely attributed to the economic and structural reforms implemented by the government. Planning Minister Rania Al-Mashat stated that Egypt’s economic growth target for the fiscal year ending in June 2026 has been set at around 5%, higher than the previous goal of 4.5%. The country has shown resilience amidst challenges, such as currency devaluation, rising inflation, and the economic impact of the conflict in Gaza. Despite facing obstacles, Egypt has managed to regain momentum with a growth rate of 2.4% in 2023/24. Timely economic reforms supported by an $8 billion program with the International Monetary Fund and substantial investments totaling $24 billion from the United Arab Emirates have contributed to Egypt’s economic recovery. Recently, major investments, including a significant land deal on the Mediterranean coast, have further boosted the country’s economic prospects. The government’s efforts to enhance economic stability and attract foreign investments are crucial in sustaining Egypt’s economic growth trajectory.