31.08.202523:16:26UTC+00Egypt GDP Grows 4.5% in FY 2024/25

Egypt witnessed a significant growth in real GDP, reaching 4.5% in the 2024–25 fiscal year, compared to 2.4% in the prior year. This improvement, as noted by Finance Minister Ahmed Kouchouk, can be attributed to economic reforms associated with IMF funding and an uptick in manufacturing activities, as reported by Reuters. The growth rate exceeded the budget's projection of 4.2%. The country has undertaken swift economic reforms over the last year under an $8 billion agreement with the International Monetary Fund. Additionally, there has been a substantial $24 billion investment influx from the sovereign wealth fund of the United Arab Emirates, which includes a significant land acquisition along the Mediterranean coast. Nonetheless, Egypt faces challenges from the March 2024 currency devaluation, persistent high inflation, and the repercussions of the conflict in Gaza. Although inflation reached a historic high of 38% in September 2023, it has since started to decline but remains elevated. Urban consumer price inflation decreased to 13.9% in July 2025, down from 14.9% in June.