Minister of Planning and Economic Development Ahmed Rostom said that Egypt’s economic indicators have witnessed positive developments, noting that the GDP growth rate reached 5.1% in fiscal year 2025/2026, compared with around 4.4% in the previous fiscal year, driven by a tangible recovery in high-value-added sectors, particularly manufacturing and information and communications technology.
Rostom made the remarks during an expanded meeting with representatives of international credit rating agency Standard & Poor’s (S&P), attended by representatives of several international institutions, as part of the periodic review of Egypt’s credit rating. The meeting discussed the latest developments in the Egyptian economy, financial performance, and ways to strengthen private-sector participation and create a competitive investment environment.
Rostom stressed that the growth results reflect the ability of the productive and service sectors to support economic activity and to strengthen the diversification of national sources of support, thereby advancing the transition toward improved productivity and the quality of growth.
Rostom highlighted the success of fiscal and monetary policies in containing inflationary pressures, noting that inflation continued its downward trend, reaching 12.7% in August 2026, alongside improved labor-market performance, with the unemployment rate falling to 5.8% in the second quarter of 2026.
He said this reflects the economy’s increased ability to generate new and sustainable employment opportunities. Egypt, Greece launch Medusa-15 military drill with France, Italy, Cyprus Egypt sees major expansion in agricultural development projects Egypt, Greece launch Medusa-15 military drill with France, Italy, Cyprus Egypt sees major expansion in agricultural development projects