Egypt targets $485bn GDP in its economic, social development plan, minister says

  • 7/19/2022
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RIYADH: Egypt’s gross domestic product for the fiscal year 2022/23 is estimated to reach 9.2 trillion Egyptian pounds ($485 billion). The Minister of Planning and Economic Development said this constitutes a growth rate of 16.1 percent in this year"s economic and social development plan from a year ago when GDP amounted to around 7.94 trillion Egyptian pounds. Hala Al-Saeed said the plan to boost investment with funds amounting to 1.4 trillion Egyptian pounds in the current fiscal year, up by 16.7 percent from a year ago.

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