During today's Cabinet meeting, chaired by Dr. Mostafa Madbouly, Dr. Ahmed Rostom, Minister of Planning and Economic Development, reviewed the performance indicators of the Egyptian economy during the second quarter of the current fiscal year 2025-2026.
During the presentation, the Minister of Planning and Economic Development noted that the Egyptian economy recorded its highest growth rate in the second quarter of the current fiscal year, rising to 5.3%, the largest increase since the third quarter of fiscal year 2021-2022.
Rostom added that the annual growth rate is expected to reach 5.2% by the end of the current fiscal year, an increase of 0.7 percentage points compared with this year's plan targets, which had estimated growth reaching 4.5% by the end of fiscal year 2025-2026.
Rostom explained that many employment-supporting activities achieved high growth rates during the second quarter of the current fiscal year, with the Suez Canal growing by 24.2%, restaurants and hotels by 14.6%, non-oil manufacturing by 9.6%, wholesale and retail trade by 7.1%, transport and storage by 6.4%, electricity by 5.6%, health by 4.6% and education by 3.3%.
The Minister of Planning noted that restaurant and hotel activity continued to achieve high growth rates, and efforts to stimulate the sector were reflected in a significant increase in tourist numbers, as Egypt received about 19 million tourists in 2025, a record figure reflecting the growing strength of the Egyptian tourist destination on the international stage.
Dr. Ahmed Rostom continued that the high growth seen in banking activity, at 10.73%, and insurance, at 12.85%, helped support financial inclusion efforts through the expansion of banking and insurance services, according to the official Facebook page of the Egyptian Cabinet.
