Egypt's economy grew by 5% in the fourth quarter of FY 2024/25, marking the fastest pace in three years, compared to 2.4% in the same quarter last year, according to preliminary estimates from the planning ministry. This strong performance lifted full-year growth to about 4.4% in FY 2024/25, surpassing the 4.2% target, with key contributions from tourism, non-oil manufacturing (+18.8%), and telecommunications and information technology (+14.6%). Conversely, the Suez Canal witnessed a 5.5% contraction, far less than the previous 68.2% decline, reflecting lower numbers of transit ships and reduced cargo volumes.
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