25.07.25
15:00
Egypt doubles its GDP in last fiscal year
Egyptian Finance Minister Ahmed Kouchouk announced a noticeable improvement in the country’s key economic indicators. This was reported by
Sada El-Balad, a partner of TV BRICS.
According to him, the GDP growth rate doubled in the first nine months of the last fiscal year (from 2.4 to 4.2 per cent), and reached 4.8 per cent in the period from January to March 2025. The average inflation rate fell below 15 per cent.
The industrial sector of the economy is showing growth of over 15 per cent, and the tourism industry increased its turnover by 17 per cent. At the same time, the export of oil and gas processing products increased by 33 per cent.
Priority measures for the coming months include expanding customs and property tax benefits, as well as supporting the first 100 thousand small businesses under the simplified tax system.
Photo:
iStock
Back