Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent, the statement said.
Economic growth slowed from 4.4 percent in July-September, while the unemployment rate slipped from 7.4 percent in that quarter.
Egypt’s fiscal year begins in July and ends in June.
Suez Canal revenues totaled $2.2 billion in the second quarter, up from $1.7 billion in the same period a year earlier.
In November, the planning ministry had said Egypt expected its economy to grow almost 5 percent in 2022/23.
Finance minister Mohamed Maait said in December that Egypt targets GDP growth of 5.5 percent in the 2023/24 fiscal year.
Source: Al Arabiya
