CAIRO, EGYPT / RankWire.AI / – Remittances from Egyptians working abroad totaled approximately $29.7 billion between January and July 2026. According to the Central Bank of Egypt, this figure represents a 28.1% increase from roughly $23.2 billion recorded during the same period in the previous year. The seven-month period saw an addition of roughly $6.5 billion compared to the same months of 2025. These figures encompass money sent home by Egyptians employed overseas. The January-to-July increase followed the historic high reported for the full calendar year of 2025.
In July alone, remittance inflows reached about $4.5 billion, marking a 20% rise from roughly $3.8 billion in July 2025. Several earlier months also experienced year-on-year growth. In January, remittances amounted to about $3.5 billion, up from $2.9 billion in the same month of the previous year. February saw remittance inflows grow to approximately $3.8 billion from $3.0 billion in February 2025. The combined total for January and February reached about $7.3 billion, surpassing the previous year’s combined total by roughly $1.4 billion. These early months significantly contributed to the overall seven-month rise.
The broader fiscal-year data also illustrates a substantial increase in incoming remittances. Egypt received roughly $47.3 billion during fiscal 2025/2026, which is a 29.6% rise from $36.5 billion in the previous fiscal year. June 2026 alone brought in approximately $4.2 billion, compared to $3.6 billion in June 2025, reflecting a 15.6% monthly increase. The fiscal year spanned from July 2025 to June 2026, while the current seven-month figures cover January through July 2026. In dollar terms, the entire fiscal-year increase totals about $10.8 billion.
Remittance inflows demonstrate consistent growth across various reporting periods
Data for the calendar year also shows continued upward momentum. Remittances in 2025 reached about $41.5 billion, representing an increase of 40.5% from roughly $29.6 billion in 2024. This growth amounts to approximately $11.9 billion. During the first half of fiscal 2025/2026, inflows reached about $22.1 billion, compared to $17.1 billion during the same period a year earlier. This indicates a year-on-year increase of 29.6%. December 2025 set a monthly record with about $4.0 billion in remittances, up 24% from $3.2 billion in December 2024. By January 2026, cumulative fiscal-year remittances reached $25.6 billion, compared with $20.0 billion in the same period of the previous fiscal year. The Central Bank of Egypt reported about $29.4 billion through February, which is 28% higher than the roughly $23.0 billion recorded during the same eight-month span. December’s year-on-year growth contributed roughly $800 million.
Spring months continue to boost remittance figures
The total remittance inflows continued their upward trend during the spring months. For July through March of fiscal 2025/2026, the combined amount reached approximately $34.9 billion, up 32% from the $26.4 billion reported for the same period last year. By April, the total had increased further to about $39.2 billion, representing a 33.2% rise from $29.4 billion. April alone contributed roughly $4.3 billion, compared with $3.0 billion in April 2025—a monthly jump of 44%, equating to approximately $1.3 billion. In May, remittances for the fiscal year climbed to around $43.1 billion, an increase of 31.2% from $32.8 billion in the previous year. May inflows reached about $3.9 billion, compared to approximately $3.4 billion in May 2025. The 11-month period saw an increase of roughly $10.3 billion. After June, the fiscal year concluded at $47.3 billion, and July’s figures pushed the 2026 calendar-year total to $29.7 billion. All recent data points—monthly, calendar-year, and fiscal-year—continue to exceed their respective levels from the previous year.