Egypt’s current account deficit narrowed by 13.6% to $9.5bn in the first half of fiscal year 2025/26, driven by a 29.6% surge in remittances to $22.1bn, Central Bank of Egypt data shows. Tourism and Suez Canal revenues also boosted the services surplus.
Central Bank of Egypt data shows the current account deficit fell to $9.5bn in July-December 2025, down 13.6% from $10.9bn a year earlier. Net unrequited transfers rose 28.4% to $22bn, led by remittances jumping to $22.1bn.
The services balance posted a $8.9bn surplus, up 20.6%. Tourism revenues grew 17.3% to $10.2bn, while Suez Canal receipts increased 19% to $2.2bn, supported by net tonnage up 16.1% to 284m tons and vessels rising 5.8% to 6.7 thousand.
Trade deficits widened, however, with the oil gap reaching $8.9bn and non-oil at $22.8bn. The capital and financial account saw net inflows of $6.5bn, including $9.3bn in FDI—non-oil sectors at $9.4bn—with $6.1bn in greenfield investments driven by the $3.5bn Alam El-Roum deal.
Overall, the balance of payments recorded a $2.1bn deficit, wider than the $502.6m gap last year.