{"id":672830,"date":"2025-10-01T00:00:00","date_gmt":"2025-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/01\/gdp-growth-accelerate-to-4-4-in-fy-2024-25-despite-regional-and-global-headwinds\/"},"modified":"2025-10-01T00:00:00","modified_gmt":"2025-10-01T00:00:00","slug":"gdp-growth-accelerate-to-4-4-in-fy-2024-25-despite-regional-and-global-headwinds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/01\/gdp-growth-accelerate-to-4-4-in-fy-2024-25-despite-regional-and-global-headwinds\/","title":{"rendered":"GDP growth accelerate to 4.4% in FY 2024-25 despite regional and global headwinds"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The economy grew <\/strong><strong>at a 4.4% clip during the fiscal year 2024-2025<\/strong>, outpacing the 4.2% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fd60d61-8953-483c-a09b-8bce0f612e9e\/egypt%25e2%2580%2599s-fy-2024-2025%253cmark%253e-draft-budget%253c%2Fmark%253e-delivered-to-the-house\" style=\"\" rel=\"noopener\">targeted in the draft budget<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f7ed194-9bf4-43df-b138-4372b364d873\/gdp-growth-slowed-to-2.4%2525-in-fy-2023-24\" style=\"\" rel=\"noopener\">2.4% growth recorded in FY 2023-2024<\/a>, according to the Planning and Economic Development Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/1853.pdf\" style=\"\" rel=\"noopener\">quarterly GDP note (pdf)<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lower than preliminary figures: <\/strong>The figure is 0.1 percentage point below the preliminary figure <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bab7fde0-b838-45a2-8824-622c4caef1cc\/gdp-growth-picks-up-to-4.5%2525-in-fy-2024-25\" style=\"\" rel=\"noopener\">announced<\/a> by Finance Minister Ahmed Kouchouk in August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, the economy grew 5.0% in 4Q FY 2024-25, more than double the 2.4% recorded a year earlier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the regional and global headwinds, our economy posted a robust performance <\/strong><strong>during 2024-2025<\/strong>, boosted by macroeconomic reforms, governance of public investment expenditure, and increased private sector participation in the economy, according to the report. \u201cThis positive performance reflects an economic model centered on higher-productivity sectors and tradables with greater export potential,\u201d according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key drivers: <\/strong>This economic expansion was mainly buoyed by tourism, which grew 17.3% during the year, non-oil manufacturing, which grew 14.7%, and CIT activity, which recorded growth of 13.8%. Financial intermediation, ins., electricity, and construction also got a mention for seeing notable growth during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism was the fastest-growing sector during the fiscal year<\/strong>, boosted by large investments into tourism infrastructure and increased hotel capacity, enabling the nation to host more than 17 mn tourists over the year. We expect tourism to grow even further in the months to come with the official inauguration of the Grand Egyptian Museum only weeks away. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil manufacturing activity rebounded<\/strong> from a contraction of 5.2% during FY 2023-2024, making it the largest contributor to GDP growth during the fiscal year. \u201cThis progress was supported by measures introduced during the year, including the streamlining of customs clearance procedures for industrial goods, in addition to increased investments in the industrial sector,\u201d the report said. The offering of subsidized loans to priority sectors and support for SMEs also played a part in reviving activity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A structural shift in investments:<\/strong> Public investment slipped to 43.3% of the total during FY 2024-2025, while private investment climbed to 47.5%, hitting its highest level in five years. This reflects the government\u2019s commitment to rationalizing public investment and boosting the private sector\u2019s contribution to the economy, which is a key requirement by the IMF under our USD 8 loan program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> Public investment inched down to hit EGP 526.6 bn last fiscal year, down from EGP 627.5 bn a year earlier. Meanwhile, private investment climbed to EGP 590.7 bn in FY 2024-2025, up from EGP 474.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key headwinds: <\/strong>The Suez Canal contracted by 52% during FY 2024-2025, revenues fell 47.7% to USD 3.8 bn during the fiscal year as geopolitical tensions in the region continued to impact maritime trade. Meanwhile, the contraction of the global waterway eased to just 5.5% in 4Q FY 2024-2025, compared to a sharp contraction of 68.2% in the same period a year earlier. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a quarterly basis, the economy grew 5% in 4Q FY 2024-25<\/p>\n","protected":false},"author":1,"featured_media":672831,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[279,104,72,348],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-672830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-budget-watch","tag-economy","tag-enterpriseam","tag-gdp","wpautop","entry"],"acf":{"mongo_id":"901657b7-5c63-4825-a715-5d72ad36c465","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1707.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s GDP growth accelerate to 4.4% in FY 2024-25 despite regional and global headwinds","related_issue":[672825],"teaser":"On a quarterly basis, the economy grew 5% in 4Q FY 2024-25","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.02ceee0b-3339-410f-98a1-7c14827ff671.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GDP growth accelerate to 4.4% in FY 2024-25 despite regional and global headwinds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/01\/gdp-growth-accelerate-to-4-4-in-fy-2024-25-despite-regional-and-global-headwinds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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&quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Cairo-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590561,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/the-economy-grew-4-2-in-fy-2022-23-preliminary-figures-show\/","url_meta":{"origin":672830,"position":1},"title":"The economy grew 4.2% in FY 2022-23, preliminary figures show","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"Growth is expected to remain at 4.2% this year, according to a Reuters poll","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/865.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/","url_meta":{"origin":672830,"position":2},"title":"Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"Egypt\u2019s economy grew 4.4% y-o-y in 1Q FY 2022-2023, according to preliminary data from the Planning Ministry. GDP growth in the first quarter of the state\u2019s current fiscal year (which starts in July) came despite continued global headwinds thanks to the pandemic, the war in Ukraine, and climate change, Planning\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585774,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/economy-set-to-grow-4-0-this-fiscal-year-reuters\/","url_meta":{"origin":672830,"position":3},"title":"Economy set to grow 4.0% this fiscal year -Reuters","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"Growth is set to pick up again in the next two years","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/953.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548924,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/egyptian-economy-grew-6-6-in-fy-2021-2022-says-planning-minister\/","url_meta":{"origin":672830,"position":4},"title":"Egyptian economy grew 6.6% in FY 2021-2022, says planning minister","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"The Egyptian economy grew at a 6.6% clip in FY 2021-2022, up from 3.3% the previous year, according to initial figures announced by Planning Minister Hala El Said during a cabinet meeting on Thursday. The state\u2019s fiscal year runs 1 July-30 June.The economy grew faster last year than gov\u2019t was\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546048,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/imf-expects-slimmer-narrowing-of-egypts-budget-deficit-this-fiscal-year\/","url_meta":{"origin":672830,"position":5},"title":"IMF expects slimmer narrowing of Egypt\u2019s budget deficit this fiscal year","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Egypt\u2019s budget deficit is expected to narrow to 6.8% by the end of the current fiscal year, the IMF said in its latest Fiscal Monitor Report (pdf). This is 0.5 percentage points higher than the IMF\u2019s previous forecast for FY 2021-2022, which penciled in a 6.3% deficit. The deficit stood\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/353.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=672830"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672830\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/672825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672831"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=672830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=672830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=672830"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=672830"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=672830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}