In recent years, Egypt has witnessed impressive growth in remittances, a vital economic lifeline for millions.
Recorded at an astounding $37.5 billion between January and November 2025, these remittances represent a
42.5% increase from $26.3 billion during the same timeframe in
2024.
This article delves into the significance of remittances for Egypt’s economy, examines how this influx of foreign currency is shaping economic recovery, and highlights the country’s standing in the global remittance landscape.
Key Takeaways
- Egypt’s remittances surged to a record $37.5 billion in 2025, showcasing a significant
42.5% increase from the previous year. - Monthly remittances in November 2025 alone reached approximately $3.6 billion, indicating robust growth in foreign currency inflows.
- As the sixth largest recipient of remittances globally, Egypt relies heavily on this income stream for economic stability amidst global financial challenges.
Overview of Remittance Growth in Egypt
### Overview of Remittance Growth in Egypt
Egypt has experienced a remarkable surge in remittance inflows, reaching an all-time high of USD
37.5 billion (EGP
1.77 trillion) from January to November
2025.
This figure marks an impressive
42.5% increase compared to USD
26.3 billion (EGP
1.24 trillion) recorded during the same period in 2024, as reported by the Central Bank of Egypt (CBE).
Notably, November 2025 saw a substantial monthly increase, with remittances soaring by
39.9% to approximately USD
3.6 billion (EGP
170.1 billion), up from USD
2.6 billion (EGP
122.9 billion) in November
2024.
The significance of remittances cannot be overstated, as they serve as a vital source of foreign currency for Egypt, bolstering the national economy in the face of global economic challenges.
Over the last decade, the volume of remittances more than doubled, rising from USD
17.1 billion (EGP 808 billion) in the 2015/2016 fiscal year to USD
36.5 billion (EGP
1.725 trillion) in FY 2024/2025.
Despite experiencing fluctuations in previous years—such as a drop to USD
22.1 billion (EGP
1.044 trillion) in FY 2022/2023 and a peak at USD
32.6 billion (EGP
1.54 trillion) during the period from March 2024 to February 2025—2024 illustrated a robust recovery in remittance flows.
As of 2023, Egypt ranks sixth globally in terms of remittance inflows, underscoring their crucial role in maintaining the country’s balance of payments and providing much-needed economic stability during turbulent financial periods.
The ongoing growth in remittances highlights the strong connections between Egyptians abroad and their homeland, reinforcing the importance of these funds in supporting families and bolstering the overall economy.
Impact of Remittances on Egypt’s Economy
The increase in remittances has had profound implications for Egypt’s socioeconomic landscape.
These funds are not just a lifeline for families but also play a critical role in enhancing consumption and investment within the country.
By providing a stable source of income, remittances enable households to invest in education, healthcare, and small businesses.
Moreover, they help to reduce poverty levels and improve living standards for many Egyptian families.
The Central Bank of Egypt has indicated that higher remittance inflows contribute significantly to the country’s foreign reserves, which are essential for stabilizing the national currency and ensuring the soundness of the financial system.
In turn, this stability fosters a more favorable environment for local and foreign investments, further stimulating economic growth.