Financial transfers from Egyptians living abroad reached $37.5 billion during the first eleven months of 2025. The Central Bank of Egypt published the data on Monday, January 5. The figure represented a 42% increase compared with the same period in 2024. In November alone, remittances totaled $3.6 billion, marking a 39.9% year-on-year rise.
In 2024, remittances from Egyptians abroad reached $29.6 billion, reflecting a 51.3% increase compared with 2023. As a result, these inflows became the third-largest source of foreign currency for Egypt, after export revenues and foreign direct investment.
Egypt has an estimated population of nearly 120 million people. The country also has a diaspora estimated at around 14 million people. Most expatriates live in Gulf oil monarchies, the United States, Canada, and Western Europe.
This article was initially published in French by Walid Kéfi
Adapted in English by Ange Jason Quenum
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