Egypt’s economy expanded by 5.3 percent in the first half of the current fiscal year, extending a steady recovery driven by strong performance across key sectors, the government said.
Planning Minister Ahmed Rostom said the growth marks the sixth consecutive quarter of acceleration, reflecting a rebound from slower expansion in recent years.
Economic growth rose from 2.4 percent in the 2023/24 fiscal year to 4.4 percent in 2024/25, before reaching 5.3 percent in the first half of the current year, he said.
The expansion has been supported by sectors including industry, trade, construction, communications and tourism, which have all contributed to a broader and more diversified growth pattern.
Rostom said the performance signals a shift toward a more resilient economic model, underpinned by structural reforms and policy measures aimed at stabilising the economy and encouraging investment.
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“The current economic performance reflects a shift towards a more resilient and diversified growth model,” he said, citing ongoing fiscal and monetary reforms, as well as efforts to promote innovation and entrepreneurship.
Officials say diversification across industry, agriculture and services has strengthened Egypt’s ability to absorb external shocks, particularly amid global economic uncertainty.
Looking ahead, the government aims to sustain momentum by deepening private sector participation, boosting exports and advancing both digital and green transitions.
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These priorities are expected to play a central role in shaping the next phase of Egypt’s economic strategy, with a focus on competitiveness, fiscal discipline and long-term sustainability.
Rostom’s remarks came during a high-level conference organised in partnership with the Organisation for Economic Co-operation and Development (OECD), marking the conclusion of the first phase of the Egypt-OECD Country Programme.
The initiative includes 35 projects implemented in coordination with around 20 Egyptian government institutions, aimed at strengthening governance, improving policy design and enhancing institutional capacity.
According to the minister, the programme has facilitated knowledge exchange with international experts, helping Egypt adapt global best practices to its national development agenda.
It has also supported capacity-building within public institutions, improved data systems and reinforced transparency and governance standards.
The conference was attended by Prime Minister Mostafa Madbouly and OECD Secretary-General Mathias Cormann, underscoring the importance of international cooperation in Egypt’s reform efforts.
Other participants included senior government officials and OECD representatives, reflecting a broad policy dialogue on growth, competitiveness and private sector development in the digital era.
Analysts say Egypt’s recent growth trajectory is encouraging but caution that sustaining higher expansion rates will depend on continued reforms, macroeconomic stability and the ability to attract private investment.
Challenges remain, including inflationary pressures, external financing needs and the need to create sufficient jobs for a growing population.
Still, the latest figures suggest that Egypt’s reform programme is beginning to yield results, with stronger growth across multiple sectors.
As the government seeks to consolidate gains, policymakers are expected to focus on translating economic expansion into more inclusive outcomes, ensuring that growth supports job creation and improved living standards.
For now, officials say the priority is to maintain reform momentum and build on the recovery to secure a more stable and sustainable economic future.
