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Egypt GDP growth for H1 2015-2016 4.5 percent

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Staff writer ▼ | May 30, 2016
North of Africa   Total GDP was 1.4 trillion Egyptian pounds

Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous year, the country's planning minister said.

Total GDP for first half of fiscal year 2015/2016 was 1.4 trillion Egyptian pounds ($158 billion) in the first half compared with 1.275 trillion pounds in the same period last year, the minister said.

Second quarter growth for 2015/2016 was 3.8 percent from 4.3 percent a year earlier, planning minister Ashraf al-Arabi told a press conference.

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