Document revealed Economic development plan Social and Social Affairs for the fiscal year 2026/2027 submitted by the Minister of Planning, Ahmed Rustom, to Parliament in its two chambers (the House of Representatives and the Senate) on ambitious targets to enhance economic growth rates and increase the size of the gross domestic product, within the framework of the state’s direction towards supporting productive sectors and raising the competitiveness of the national economy, in a way that contributes to creating job opportunities and achieving sustainable development in the coming years.
According to the development plan, the gross domestic product at current prices is expected to record about 24.5 trillion pounds during the fiscal year 2026/2027, compared to about 12 trillion pounds at constant prices, indicating the continued gradual growth of the domestic product during the medium-term plan period.
Continuous growth of the gross domestic product until 2030
The plan’s targets indicate an increase in the gross domestic product to reach about 36.9 trillion pounds at current prices, and about 14.5 trillion pounds at constant prices by the fiscal year 2029/2030, which reflects the expected expansion in various economic activities and improved rates of production and investment.
This growth comes within the framework of government policies aimed at enhancing the Egyptian economy’s ability to face global and regional challenges, with a focus on raising real growth rates and improving living standards.
4 sectors account for 62% of the economy
According to the development plan, the structure of the targeted GDP reflects the continued pivotal role of a number of key sectors in supporting economic activity, with only four sectors accounting for more than 62% of the GDP.
Agriculture tops the list of contributing sectors with 16.7% of the GDP, followed by the manufacturing industry with 16.2%, then the wholesale and retail trade sector with 14.2%, while the construction sector comes in fourth place with 10.6%.
These indicators confirm the importance of the major productive and service sectors in supporting economic growth and achieving development goals in the coming years.
Industry, tourism and communications drive growth
The Minister of Planning added that the sectors that most contribute to achieving the targeted economic growth rate during the plan year include the manufacturing industry, tourism, the communications and information technology sector, in addition to banking services.
He explained that these sectors represent major engines of growth during the next stage, given their ability to attract investments, create job opportunities, increase exports, and enhance foreign exchange revenues.
The focus on these sectors reflects the state’s orientation towards supporting economic activities with high added value, and promoting the transition towards a more productive and competitive economy, which contributes to achieving sustainable growth rates and raising the efficiency of the structure of the Egyptian economy in the medium and long term.
