Egypt's GDP grew by 2.4% in the 2023/2024 fiscal year, a notable slowdown from the 3.8% expansion recorded the previous year, according to the Ministry of Planning. The ministry cited ongoing political tensions as a key factor, with Suez Canal revenues dropping sharply to $6.6 billion from $8.8 billion the year prior, largely due to attacks by Yemen's Houthis in the Red Sea. Additionally, the government's contractionary policies contributed to the deceleration in economic growth.
Full Year GDP Growth in Egypt averaged 4.08 percent from 2004 until 2024, reaching an all time high of 7.18 percent in 2008 and a record low of 1.94 percent in 2011. This page includes a chart with historical data for Egypt Full Year GDP Growth. Egypt Full Year GDP Growth - values, historical data and charts - was last updated on February of 2026.
Full Year GDP Growth in Egypt is expected to reach 4.70 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Full Year GDP Growth is projected to trend around 5.00 percent in 2027 and 5.20 percent in 2028, according to our econometric models.