According to the Ministry of Planning and Economic Development, Egypt’s GDP growth reached 2.4 percent in the last quarter of the fiscal year 2023/2024. This is a decline compared to the 3.8 percent GDP growth recorded in the fiscal year 2022/2023.
Despite the decline in GDP growth, several economic sectors recorded growth over the year:
• Communications and information technology (14.4 percent)
• Tourism (hotels and restaurants) (9.9 percent)
• Wholesale and retail trade (6.1 percent)
• Construction (5.7 percent)
• Social services (5.6 percent)
• Transportation and storage (5.4 percent)
• Agriculture (3.8 percent)
