Egypt real GDP growth recovers to 3.5% in Q1 FY24/25

The Ministry of Planning, Economic Development, and International Cooperation released this statement on Tuesday.

The ministry attributed this improvement to strong performance in key sectors, particularly non-petroleum manufacturing. This sector saw positive growth for the second consecutive quarter, recording a 7.1 percent growth rate in Q1 of FY2024/2025 compared to the same period in FY2023/2024. 

Moreover, the ministry clarified that implementing economic reform policies since March 2024 to restore macroeconomic stability and strengthen the governance of public investments also contributed to the GDP growth recovery.

Other key sectors continued to show positive growth in Q1, including communications and information technology (12.2 percent), tourism (8.22 percent) (reflected in restaurants and hotels), electricity (7.42 percent), transportation and storage (15.6 percent), and social services including health and education (4.52 percent) and agriculture (2.652 percent).