{"id":482264,"date":"2025-06-30T14:03:01","date_gmt":"2025-06-30T14:03:01","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/06\/30\/egypt-economy-records-a-growth-of-4-77-between-january-and-march-2025\/"},"modified":"2025-06-30T14:03:06","modified_gmt":"2025-06-30T14:03:06","slug":"egypt-economy-records-a-growth-of-4-77-between-january-and-march-2025","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/06\/30\/egypt-economy-records-a-growth-of-4-77-between-january-and-march-2025\/","title":{"rendered":"Egypt: Economy records a growth of 4.77% between January and March 2025"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Egyptian economy posted a quarterly growth of 4.77% in the third quarter of the fiscal year 2024\/2025, marking its highest level in three years. This performance, announced on June 30 by the Ministry of Planning, Economic Development, and International Cooperation, contrasts sharply with the rate of 2.2% recorded at the same period last year.<\/p>\n<p>Over the first nine months of the fiscal year, the average growth stands at 4.2%, compared to 2.4% a year earlier, confirming a strong recovery in activity despite a still uncertain global economic context.<\/p>\n<p>According to the Minister of Planning, Dr. Rania Al-Mashat, this progress reflects the effectiveness of the economic and structural reforms undertaken, as well as efforts towards a competitive economy focused on the development of the private sector, national production, and exports.<\/p>\n<p>This momentum is based on the strong performances of several key sectors, including non-oil manufacturing industry (+16%), tourism (especially catering and hospitality) (+23%), supported by the arrival of 4 million visitors, information and communication technologies (+14.7%), as well as insurance, financial brokerage, electricity, and construction.<\/p>\n<p>The industry has also experienced a strong recovery, with a 16.03% increase in the industrial production index (excluding oil), driven by spectacular increases in automobiles (+93%), ready-to-wear clothing (+58%), and beverages (+34%).<\/p>\n<p>Some sectors, on the other hand, have recorded significant declines. Activity in the Suez Canal dropped by 23.1% in the third quarter, after a 51.6% decrease last year, with revenues falling to $900 million in the fourth quarter, compared to $1.1 billion a year earlier. The extractive sector also declined by 10.38%, due to the decline in oil and gas production.<\/p>\n<p>Net exports have significantly contributed to growth (+2.7 points), driven by a surge in exports (+54.4%) while imports have increased more moderately (+18.7%).<\/p>\n<p>Private investment has also stood out, showing an annual growth of 24.2%, representing nearly 63% of total investments, while public investment has dropped by 45.6%.<\/p>\n<p>Despite international headwinds, Egypt seems well on track to exceed its annual growth target of 4%, thanks to industrial revitalization and a resurgence of private investments.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Egyptian economy posted a quarterly growth of 4.77% in the third quarter of the fiscal year 2024\/2025, marking its highest level in three years. This performance, announced on June 30 by the Ministry of Planning, Economic Development, and International Cooperation, contrasts sharply with the rate of 2.2% recorded at the same period last year.<\/p>\n","protected":false},"author":537202,"featured_media":482267,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2025\/06\/30\/egypte-leconomie-enregistre-une-croissance-de-477-entre-janvier-et-mars-2025\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046],"tags":[],"class_list":{"0":"post-482264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leaders-en","8":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt: Economy records a growth of 4.77% between January and March 2025 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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