CAIRO, December 22, 2025: Remittances from Egyptians working abroad rose by 42.8 percent in the first ten months of 2025, reaching US$33.9 billion compared with US$23.7 billion during the same period in 2024, according to data released by the Central Bank of Egypt (CBE) on Sunday. The increase underscores the strong inflow of foreign currency to the country during a year marked by efforts to stabilize economic fundamentals and strengthen fiscal balances. The CBE reported that monthly remittance inflows also saw a significant increase in October 2025, rising 26.2 percent year on year to US$3.7 billion from US$2.9 billion in October 2024.
The data indicated consistent month-to-month growth throughout 2025, following a period of lower inflows during 2024 when global financial conditions were more constrained. Remittances remain a key source of foreign currency for Egypt, supporting the country’s external accounts alongside revenues from the Suez Canal, tourism, and natural gas exports. They contribute substantially to foreign exchange reserves, help finance imports, and provide a vital lifeline for millions of families across the country. The recent rise in inflows has helped sustain liquidity within the formal banking system and contributed to greater foreign currency availability in domestic markets.
According to the CBE figures, the ten-month total represents one of the strongest performances for Egyptian remittances in recent years. Transfers from Egyptians living in Gulf Cooperation Council countries, Europe, and North America accounted for the majority of inflows. The Egyptian diaspora, estimated at more than 10 million people, continues to play a major role in supporting national income through steady overseas remittances. Foreign currency inflows from expatriates have also supported the country’s balance of payments, helping to offset fluctuations in export revenues and global price movements.
Expatriate transfers continue to strengthen foreign currency supply
The CBE data indicated that remittances in 2025 have contributed to maintaining sufficient levels of foreign exchange reserves, which stood at around US$46 billion at the end of October 2025. The reserves provide adequate import coverage and underpin the country’s financial stability amid varying international economic conditions. Remittances are considered one of Egypt’s most stable and resilient sources of external income. They have consistently outperformed other inflow categories such as foreign direct investment and official development assistance in recent years. The steady performance of this sector has been attributed to the size of Egypt’s overseas workforce and the regularity of personal transfers made by Egyptian nationals to families and dependents in the country.
The rise in remittances in 2025 also aligns with broader improvements in other major sources of foreign currency. Suez Canal revenues reached record levels during the first half of the year, while natural gas exports continued to contribute significantly to external earnings. These inflows, together with the surge in expatriate remittances, have reinforced Egypt’s capacity to meet external obligations and support domestic funding requirements. The CBE data release marks a key indicator of Egypt’s external economic performance. Monthly tracking of remittance trends provides insight into the behavior of one of the most consistent sources of national income.
Foreign exchange reserves reach 46 billion dollars by October
The central bank’s figures showed that remittance inflows during 2025 have maintained upward momentum through most of the year, reflecting the steady contribution of Egyptian workers abroad across various regions. Egypt has historically ranked among the top global recipients of remittances, often placing within the top five countries worldwide. The significant year-on-year increase reported for 2025 further reinforces this position and highlights the continued scale of financial transfers made by the Egyptian diaspora to their home country.
The Central Bank of Egypt is expected to issue its final remittance data for the full year in early 2026. As of October, the cumulative figures indicate a strong overall performance for 2025, marking one of the highest remittance inflows recorded in the country’s recent economic history. The data underscores the importance of expatriate income to Egypt’s economic resilience and the critical role remittances play in supporting both national accounts and household consumption. – By Content Syndication Services.