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 percent) and reached 4.8 percent in the period from January to March 2025. The average inflation rate fell below 15 percent.

The industrial sector of the economy is showing growth of over 15 percent, and the tourism industry increased its turnover by 17 percent. At the same time, the export of oil and gas processing products increased by 33 percent. 

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.