Fitch Solutions projects Egypt’s GDP to reach $829.2B by 2034

Fitch Solutions forecasts that Egypt’s nominal GDP will rise steadily over the next decade, starting at 395.5 billion dollars in 2026, moving up to 434.4 billion dollars in 2027, 476.5 billion dollars in 2028, and 522.9 billion dollars in 2029, before climbing further to 829.2 billion dollars by 2034.

In the short term, nominal GDP is expected to rebound to 324.5 billion dollars by the end of 2025, following a decline to 306.9 billion dollars in 2024, compared with 331.6 billion dollars in 2023.

On the real growth front, the economy is projected to expand by four point one percent in 2025, after slowing to two point four percent in 2024, down from three point eight percent in 2023. Growth is expected to accelerate to four point seven percent in 2026.

Over the long term, Fitch anticipates that Egypt will maintain an annual average growth rate of between four point three percent and five percent from 2027 to 2034, reflecting relative stability supported by an improved investment climate and stronger domestic consumption.

The agency also projects a narrowing of Egypt’s fiscal deficit, from seven point one percent of GDP in FY 2024/2025 to six point six percent in FY 2025/2026, and further to six point one percent in FY 2026/2027—well below the historical average of ten percent and the recent seven percent.