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.