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Economy of China vs Egypt compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $389B for Egypt, ranking 2/197 and 41/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $354B (90.9% of GDP) in Egypt.

China vs Egypt GDP by year

China
Egypt
1x
Year GDP, current $
China Egypt
2024 $18,743,803,170,827 $389,059,911,004
2023 $18,270,356,654,533 $395,926,075,163
2022 $18,316,765,021,690 $476,747,720,365
2021 $18,201,698,719,564 $424,671,765,456
2020 $14,996,414,166,715 $383,817,841,547
2019 $14,560,167,101,283 $318,678,815,490
2018 $14,147,765,772,964 $262,588,632,527
2017 $12,537,559,062,283 $248,362,771,739
2016 $11,456,024,084,962 $332,441,717,791
2015 $11,280,814,787,469 $329,366,576,819
2014 $10,674,533,168,257 $305,595,408,895
2013 $9,743,124,247,267 $288,434,108,527
2012 $8,673,664,713,189 $279,116,666,667
2011 $7,671,757,207,851 $235,989,672,978
2010 $6,192,564,874,453 $218,983,666,062
2009 $5,189,577,094,998 $189,147,005,445
2008 $4,667,346,414,522 $162,818,181,818
2007 $3,604,055,822,572 $130,437,828,371
2006 $2,791,498,472,804 $107,426,086,957
2005 $2,317,551,298,052 $89,660,339,660
2004 $1,984,196,551,300 $78,782,467,532
2003 $1,683,903,309,844 $80,288,461,538
2002 $1,489,821,682,051 $85,146,067,416
2001 $1,355,036,590,252 $96,684,636,119
2000 $1,223,754,919,971 $99,838,543,960
1999 $1,103,843,203,576 $90,710,704,807
1998 $1,037,134,141,760 $84,828,807,556
1997 $967,753,570,435 $78,436,578,171
1996 $868,523,936,530 $67,629,716,981
1995 $738,190,896,228 $60,159,245,060
1994 $566,929,539,493 $51,897,983,393
1993 $446,557,291,212 $46,578,631,453
1992 $428,502,354,788 $41,855,986,519
1991 $384,510,452,962 $37,387,836,491
1990 $361,560,229,446 $42,978,914,311
1989 $348,380,566,802 $39,756,299,050
1988 $312,888,888,889 $34,980,124,929
1987 $273,455,156,951 $40,455,616,654
1986 $301,310,144,928 $41,253,507,951
1985 $310,064,625,850 $39,053,502,251
1984 $260,442,857,143 $33,971,188,992
1983 $231,130,268,199 $30,966,239,814
1982 $205,480,916,031 $27,655,172,414
1981 $196,218,253,968 $22,136,081,081
1980 $191,487,500,000 $21,669,908,176
1979 $178,573,913,043 $18,020,571,429
1978 $149,788,617,886 $14,811,704,063
1977 $175,226,595,860 $14,400,806,876
1976 $154,196,810,059 $13,315,988,083
1975 $163,687,619,736 $11,632,178,869
1974 $144,418,433,058 $9,228,963,225
1973 $138,764,340,892 $10,098,534,613
1972 $113,871,930,714 $9,299,638,056
1971 $99,959,013,880 $8,609,283,346
1970 $92,752,930,873 $8,042,200,452
1969 $79,847,786,729 $6,524,455,206
1968 $70,980,323,819 $5,932,242,991
1967 $73,011,350,596 $5,605,484,299
1966 $76,854,053,259 $5,278,005,612
1965 $70,565,994,356 $4,948,667,540
1964 $59,821,862,703 $4,709,245,762
1963 $50,812,227,919 $4,187,146,232
1962 $47,310,737,754 $4,035,462,027
1961 $50,162,299,350 $4,494,575,611
1960 $59,846,235,025 $4,206,270,352

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/egypt | CC BY

GDP per capita in China vs Egypt by year

China
GDP per capita

GDP per capita, PPP
Egypt
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Egypt
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $3,338 $19,094
2023 $12,951 $25,179 $3,457 $18,525
2022 $12,971 $23,032 $4,233 $17,527
2021 $12,887 $20,843 $3,827 $15,579
2020 $10,627 $18,267 $3,511 $15,232
2019 $10,343 $17,601 $2,963 $13,364
2018 $10,086 $16,298 $2,485 $12,329
2017 $8,980 $15,022 $2,395 $11,125
2016 $8,255 $14,157 $3,271 $10,666
2015 $8,175 $13,463 $3,307 $10,903
2014 $7,781 $12,942 $3,133 $10,256
2013 $7,147 $12,228 $3,026 $10,511
2012 $6,405 $11,420 $2,996 $10,342
2011 $5,704 $10,457 $2,591 $8,988
2010 $4,629 $9,411 $2,455 $8,838
2009 $3,898 $8,448 $2,162 $8,465
2008 $3,523 $7,713 $1,896 $8,191
2007 $2,735 $6,935 $1,548 $7,641
2006 $2,129 $5,946 $1,299 $7,079
2005 $1,778 $5,148 $1,106 $6,554
2004 $1,531 $4,505 $991 $6,207
2003 $1,307 $4,007 $1,031 $5,928
2002 $1,164 $3,591 $1,117 $5,753
2001 $1,065 $3,258 $1,295 $5,650
2000 $969 $2,964 $1,366 $5,452
1999 $881 $2,690 $1,268 $5,121
1998 $835 $2,483 $1,213 $4,869
1997 $787 $2,297 $1,146 $4,661
1996 $713 $2,088 $1,009 $4,434
1995 $613 $1,884 $916 $4,235
1994 $476 $1,680 $807 $4,048
1993 $379 $1,471 $740 $3,895
1992 $368 $1,276 $681 $3,784
1991 $334 $1,105 $623 $3,627
1990 $319 $991 $736 $3,566
1989 $311 - $701 -
1988 $284 - $634 -
1987 $252.3 - $754 -
1986 $282.4 - $790 -
1985 $295 - $770 -
1984 $251.2 - $690 -
1983 $225.9 - $648 -
1982 $203.7 - $596 -
1981 $197.4 - $490 -
1980 $195.1 - $493 -
1979 $184.3 - $421 -
1978 $156.7 - $355 -
1977 $185.7 - $353 -
1976 $165.7 - $335 -
1975 $178.6 - $299.2 -
1974 $160.4 - $243.1 -
1973 $157.3 - $272.2 -
1972 $132.1 - $256.5 -
1971 $118.8 - $243 -
1970 $113.3 - $232.3 -
1969 $100.3 - $193 -
1968 $91.6 - $179.8 -
1967 $96.8 - $174.1 -
1966 $104.5 - $168.1 -
1965 $98.7 - $161.6 -
1964 $85.7 - $157.7 -
1963 $74.5 - $143.9 -
1962 $71.1 - $142.4 -
1961 $76 - $162.8 -
1960 $89.7 - $156.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/egypt | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $3,338 in Egypt, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Egypt ranks 99th at $19,094.

Economic indicators

China Egypt
Gross domestic product
$18.7T
2024
$389B
2024
GDP rank
2/197
2024
41/197
2024
GDP growth
4.98%
2023-2024
2.4%
2023-2024
GDP per capita
$13,303
2024
$3,338
2024
GDP per capita rank
76/197
2024
138/197
2024
GDP per capita, PPP
$27,105
2024
$19,094
2024
GDP per capita PPP rank
77/197
2024
99/197
2024
Government debt
$16.6T
2024
$354B
2024
Debt-to-GDP ratio
88.3%
2024
90.9%
2024
Government debt per person
$11,749
2024
$3,036
2024
Government debt per person rank
47/185
2024
99/185
2024
Average annual personal income after taxes
$9,826
2026
$1,948
2026
Market capitalization of domestic companies
$11.8T
2024
$42.6B
2024
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
5
2025
Income share by richest 10%
28.4%
2022
24.6%
2021
Income share by poorest 10%
3.1%
2022
4.2%
2021
Government expenditure, % of GDP
32.9%
2024
22.9%
2024
Consumer prices inflation
0.2%
2023-2024
28.3%
2023-2024
Central bank interest rate
3.1%
2024
21%
2025
Unemployment rate
5.11%
2021
5.95%
2024
Population
1402578808
120697176

Spending and national debt comparison by year

China
Spending

Debt
Egypt
Spending

Debt
1x
Year % of GDP
China Egypt
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 22.9% 90.9%
2023 32.7% 82% 22.7% 95.9%
2022 32.6% 75.5% 24.9% 88.5%
2021 31.9% 70.1% 25.5% 89.9%
2020 34.8% 69% 25.7% 86.2%
2019 33.6% 59.4% 26.9% 80.1%
2018 32.6% 55.6% 28.6% 87.9%
2017 32% 53.9% 30.6% 97.8%
2016 31.7% 49.7% 31% 91.6%
2015 31% 40.8% 31.3% 83.8%
2014 28.4% 39.3% 33.9% 80.9%
2013 28.1% 36.4% 32.9% 79.8%
2012 27.7% 33.8% 29.2% 69.9%
2011 26.6% 33.2% 30.5% 72.8%
2010 24.7% 33.3% 31.4% 69.6%
2009 25.2% 34% 32.5% 69.5%
2008 22.2% 26.7% 32.7% 66.8%
2007 17.9% 28.7% 31.3% 76.3%
2006 18.1% 25.2% 34.5% 85.9%
2005 18% 25.9% 30.3% 98.3%
2004 17.6% 26% 30.1% 96.5%
2003 18% 26.4% 30.6% 97.1%
2002 18.2% 25.6% 30.9% 85.8%
2001 17.2% 24.3% 27.9% 79.1%
2000 16.1% 22.7% 26% 71.7%
1999 14.9% 21.6% 26.3% 72.4%
1998 12.6% 20.4% - 73.8%
1997 11.5% 20.4% - -
1996 11% 21.2% - -
1995 11.1% 21.4% - -
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/egypt | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Egypt spent $89.2B, or 22.9% of GDP.

Debt-to-GDP ratio is 88.3% in China and 90.9% in Egypt, ranking 34/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
China

Egypt
1x
Year Deficit/surplus, % of GDP
China Egypt
2024 -7.34% -7.12%
2023 -6.71% -5.77%
2022 -7.32% -5.74%
2021 -5.9% -6.96%
2020 -9.56% -7.47%
2019 -6% -7.6%
2018 -4.2% -8.97%
2017 -3.34% -9.9%
2016 -3.33% -11.8%
2015 -2.5% -10.4%
2014 -0.67% -10.7%
2013 -0.82% -12.3%
2012 -0.3% -9.47%
2011 -0.1% -9.6%
2010 -0.36% -7.45%
2009 -1.72% -6.2%
2008 -0.02% -6.05%
2007 0.06% -4.9%
2006 -1.13% -7.35%
2005 -1.38% -6.69%
2004 -1.49% -5.76%
2003 -2.36% -5.73%
2002 -2.84% -6.77%
2001 -2.56% -1.07%
2000 -2.81% 1.32%
1999 -2.3% 2.14%
1998 -1.08% -
1997 -0.73% -
1996 -0.73% -
1995 -0.94% -
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/egypt | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Egypt's deficit of $27.7B, or 7.12% of GDP.

Over the past 26 years, China recorded a fiscal deficit in 25 of those years, while Egypt ran a deficit in 24 years. On average, China posted an annual deficit equal to 2.96% of GDP, compared to deficit of 6.86% of GDP for Egypt.

Inflation comparison by year

Inflation
China

Egypt
1x
Year Consumer prices inflation
China Egypt
2024 0.2% 28.3%
2023 0.2% 33.9%
2022 2% 13.9%
2021 0.9% 5.21%
2020 2.5% 5.04%
2019 2.9% 9.15%
2018 2.1% 14.4%
2017 1.6% 29.5%
2016 2% 13.8%
2015 1.5% 10.4%
2014 2% 10.1%
2013 2.7% 9.47%
2012 2.6% 7.11%
2011 5.4% 10.1%
2010 3.3% 11.3%
2009 -0.7% 11.8%
2008 5.9% 18.3%
2007 4.7% 9.32%
2006 1.5% 7.64%
2005 1.8% 4.87%
2004 3.9% 11.3%
2003 1.1% 4.51%
2002 -0.8% 2.74%
2001 0.7% 2.27%
2000 0.4% 2.68%
1999 -1.4% 3.08%
1998 -0.8% 3.87%
1997 2.8% 4.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/egypt | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 10.7% in Egypt. In 2024, inflation was 0.2% in China and 28.3% in Egypt.

Top exports between countries

China
Export category Export value
Machinery & equipment $7.14B
Textiles & consumer goods $3.78B
Chemicals & pharma $2.53B
Metals $2.08B
Raw materials & minerals $557M
Wood & paper products $312M
Miscellaneous $160M
Raw agricultural goods $92.7M
Processed food, beverages & tobacco $80.9M
Animal & marine products $41.4M
Egypt
Export category Export value
Raw materials & minerals $144M
Textiles & consumer goods $84.1M
Raw agricultural goods $68.8M
Metals $47.9M
Animal & marine products $18M
Chemicals & pharma $14M
Machinery & equipment $11.5M
Processed food, beverages & tobacco $7.21M
Weapons & explosives $2.2M
Wood & paper products $121K

Balance of trade

China Egypt
Current account balance
$424B
2024
-$22.3B
2024
Current account balance ranking
1/190
2024
184/190
2024
Current account balance, % of GDP
+2.26%
2024
-5.72%
2024
Goods imports
$2.64T
2024
$72.9B
2024
Goods exports
$3.41T
2024
$34.8B
2024
Service imports
$613B
2024
$27.5B
2024
Service exports
$384B
2024
$29.6B
2024
Imports of goods and services, % of GDP
17.2%
2024
23.2%
2024
Exports of goods and services, % of GDP
20%
2024
16.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Egypt
Economic freedom 48.3 50.3
Economic freedom ranking 170/197 160/197
Property rights 40.9 35.5
Government integrity 42.3 27.1
Judicial effectiveness 38.6 24
Tax burden 69.3 85.7
Government spending 67.8 83.4
Fiscal health 4.4 21.8
Business freedom 68.7 51.4
Labor freedom 57.9 43.1
Monetary freedom 76.1 56
Trade freedom 73.4 60.2
Investment freedom 20 65
Financial freedom 20 50

Economic freedom comparison by year

China
Egypt
1x
Year Economic freedom index
China Egypt
2026 48.3 50.3
2025 49 50.9
2024 48.5 49.7
2023 48.3 49.6
2022 48 49.1
2021 58.4 55.7
2020 59.5 54
2019 58.4 52.5
2018 57.8 53.4
2017 57.4 52.6
2016 52 56
2015 52.7 55.2
2014 52.5 52.9
2013 51.9 54.8
2012 51.2 57.9
2011 52 59.1
2010 51 59
2009 53.2 58
2008 53.1 58.5
2007 52 54.4
2006 53.6 53.2
2005 53.7 55.8
2004 52.5 55.5
2003 52.6 55.3
2002 52.8 54.1
2001 52.6 51.5
2000 56.4 51.7
1999 54.8 58
1998 53.1 55.8
1997 51.7 54.5
1996 51.3 52
1995 52 45.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/egypt | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 50.3 for Egypt, ranking 160/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Egypt
Services, % of GDP
56.7%
2024
48.9%
2024
Industry, % of GDP
36.5%
2024
32.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
13.7%
2024
GNI, Atlas method
$19.3T
2024
$409B
2024
GNI per capita, PPP
$26,920
2024
$18,230
2024
Total reserves including gold
$3.46T
2024
$44.9B
2024
Total reserves ranking
1/177
2024
44/177
2024
Net foreign direct investment
$154B
2024
-$46.1B
2024
Net inflows of foreign direct investment
$18.6B
2024
$46.6B
2024
Net outflows of foreign direct investment
$172B
2024
$508M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
8.86%
2024
Poverty at national poverty lines
0%
2020
33.5%
2021
Gross capital formation, % of GDP
40.6%
2024
13%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/egypt | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.