Egypt’s $47.3bn remittance rebound: What changed after the 2023 slump
Egyptians working abroad sent home $47.3bn in fiscal year (FY) 2025/26, according to preliminary balance-of-payments figures from the Central Bank of Egypt (CBE), up 29.6% from $36.5bn a year earlier. Over the same twelve months, tourism brought in $18.4bn and Suez Canal transit receipts $4.4bn. Remittances were worth roughly twice those two sources combined. Separate calendar-year figures also show growth. The CBE reported $33.9bn of remittances between January and August 2026, an increase of 27.2% from $26.6bn in the same months of 2025. August alone brought in $4.2bn. Three years earlier, recorded inflows had been falling sharply. Why recorded remittances fell in 2023 World Bank data show recorded remittances to Egypt at $31.5bn in 2021, $28.3bn in 2022 and $19.5bn in 2023. These are c…