Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, reviewed the performance indicators of the Egyptian economy during the fourth quarter and the 2024-2025 fiscal year, as well as efforts to govern public investments during the same fiscal year, at today's cabinet meeting chaired by Prime Minister Dr. Mostafa Madbouly at the government headquarters in the New Administrative Capital.
The minister began her presentation with the key macroeconomic indicators for the 2024-2025 fiscal year, explaining that the annual inflation rate fell to 12% in August 2025, while net foreign reserves rose to a new record level, reaching about $49.2 billion in August 2025.
Al-Mashat explained that tourism revenues rose by 14.5% to reach $12.5 billion during the first nine months of the 2024-2025 fiscal year.
In a related context, the Minister of Planning reviewed gross domestic product during the fourth quarter of 2024-2025, noting that GDP growth continued to rise, reaching 5% in that quarter, the highest quarterly growth rate in 3 years, and said this momentum is expected to continue, driven by private investment and macroeconomic stability.
In this context, Dr. Rania Al-Mashat said many activities recorded positive growth rates in the fourth quarter of the last fiscal year 2024-2025, most notably tourism at 19.3%, non-petroleum manufacturing at 18.8%, and communications and information technology at 14.6%.
She added that the 2024-2025 fiscal year recorded a growth rate of 4.4%, as a result of the high growth seen in many activities, with tourism recording the highest growth during the year at 17.3%.
She stated that tourism activity (restaurants and hotels) continued to grow on a quarterly basis, with restaurants and hotels activity recording notable growth of 19.3% in the fourth quarter of the 2024-2025 fiscal year compared with the corresponding quarter of the previous fiscal year, as a result of expanding hotel capacity, improving service quality and adopting innovative operating and marketing methods.
The minister added that the number of tourists rose to 4.73 million during the fourth quarter of the 2024-2025 fiscal year, compared with 3.83 million tourists in the corresponding quarter of the previous fiscal year, a growth rate of 23.7%, while the number of tourist nights also rose to 44.94 million nights, compared with 37.67 million nights in the corresponding quarter of the previous fiscal year, according to the official Facebook page of the Egyptian Cabinet.
