Egyptian Workers’ Remittances Soar 49.7% to $23.2 Billion in First Seven Months of 2025
Significant Growth in Remittances Boosts Egypt’s Economy
Remittances sent by Egyptians working abroad surged by an impressive 49.7% during
the first seven months of 2025, reaching approximately $23.2 billion, compared to about $15.5
billion recorded in the same period of 2024 This substantial increase underscores the vital role
of remittances in supporting Egypt’s economy and foreign currency reserves
July 2025 Records Highest Monthly Remittances Ever
Egyptian Workers In July 2025 alone, remittances hit a record monthly high of around $3.8 billion, marking a 26.3%
increase compared to July 2024’s $3.0 billion This milestone highlights the steady upward trend in
inflows, which continues to strengthen the financial stability of millions of Egyptian families dependent
on income from abroad
Egyptian Workers: Key Drivers Behind the Rise in Remittances
Egyptian Workers Experts attribute this growth to several factors, including increased overseas employment
opportunities for Egyptians, improved digital transfer platforms, and government initiatives
aimed at facilitating remittance flows These factors collectively enhance the ease and speed
of money transfers, benefiting both senders and recipients
Remittances as a Pillar of Egypt’s Economic Growth
Remittances from Egyptians abroad remain a critical source of foreign currency, playing a pivotal
role in supporting domestic consumption, investment, and the balance of payments. The steady
rise in remittance volumes signals growing confidence among the Egyptian diaspora and their
commitment to supporting their families and the national economy
