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Economy of Egypt vs Estonia compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $43.1B for Estonia, ranking 41/197 and 100/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Egypt vs Estonia GDP by year

Egypt
Estonia
1x
Year GDP, current $
Egypt Estonia
2024 $389,059,911,004 $43,130,419,829
2023 $395,926,075,163 $41,470,344,395
2022 $476,747,720,365 $38,226,641,740
2021 $424,671,765,456 $37,201,101,171
2020 $383,817,841,547 $31,820,771,494
2019 $318,678,815,490 $31,873,748,770
2018 $262,588,632,527 $31,222,632,741
2017 $248,362,771,739 $27,469,461,919
2016 $332,441,717,791 $24,561,027,788
2015 $329,366,576,819 $23,311,847,751
2014 $305,595,408,895 $27,055,689,003
2013 $288,434,108,527 $25,451,032,781
2012 $279,116,666,667 $23,237,406,116
2011 $235,989,672,978 $23,303,915,795
2010 $218,983,666,062 $19,524,355,419
2009 $189,147,005,445 $19,633,984,440
2008 $162,818,181,818 $24,342,935,404
2007 $130,437,828,371 $22,450,264,166
2006 $107,426,086,957 $17,025,671,810
2005 $89,660,339,660 $14,109,491,357
2004 $78,782,467,532 $12,148,595,031
2003 $80,288,461,538 $9,876,595,528
2002 $85,146,067,416 $7,370,119,619
2001 $96,684,636,119 $6,250,218,423
2000 $99,838,543,960 $5,686,579,748
1999 $90,710,704,807 $5,756,912,266
1998 $84,828,807,556 $5,674,080,543
1997 $78,436,578,171 $5,154,420,649
1996 $67,629,716,981 $4,786,018,988
1995 $60,159,245,060 $4,502,970,889
1994 $51,897,983,393 $4,123,011,420
1993 $46,578,631,453 $4,013,091,682
1992 $41,855,986,519 -
1991 $37,387,836,491 -
1990 $42,978,914,311 -
1989 $39,756,299,050 -
1988 $34,980,124,929 -
1987 $40,455,616,654 -
1986 $41,253,507,951 -
1985 $39,053,502,251 -
1984 $33,971,188,992 -
1983 $30,966,239,814 -
1982 $27,655,172,414 -
1981 $22,136,081,081 -
1980 $21,669,908,176 -
1979 $18,020,571,429 -
1978 $14,811,704,063 -
1977 $14,400,806,876 -
1976 $13,315,988,083 -
1975 $11,632,178,869 -
1974 $9,228,963,225 -
1973 $10,098,534,613 -
1972 $9,299,638,056 -
1971 $8,609,283,346 -
1970 $8,042,200,452 -
1969 $6,524,455,206 -
1968 $5,932,242,991 -
1967 $5,605,484,299 -
1966 $5,278,005,612 -
1965 $4,948,667,540 -
1964 $4,709,245,762 -
1963 $4,187,146,232 -
1962 $4,035,462,027 -
1961 $4,494,575,611 -
1960 $4,206,270,352 -

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

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

GDP per capita in Egypt vs Estonia by year

Egypt
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $31,428 $49,969
2023 $3,457 $18,525 $30,264 $48,637
2022 $4,233 $17,527 $28,340 $48,218
2021 $3,827 $15,579 $27,951 $44,252
2020 $3,511 $15,232 $23,934 $40,672
2019 $2,963 $13,364 $24,021 $40,586
2018 $2,485 $12,329 $23,618 $37,121
2017 $2,395 $11,125 $20,852 $34,507
2016 $3,271 $10,666 $18,666 $31,948
2015 $3,307 $10,903 $17,722 $29,713
2014 $3,133 $10,256 $20,582 $29,404
2013 $3,026 $10,511 $19,310 $27,831
2012 $2,996 $10,342 $17,568 $26,243
2011 $2,591 $8,988 $17,556 $24,652
2010 $2,455 $8,838 $14,664 $21,614
2009 $2,162 $8,465 $14,712 $20,489
2008 $1,896 $8,191 $18,206 $22,804
2007 $1,548 $7,641 $16,745 $22,201
2006 $1,299 $7,079 $12,641 $19,344
2005 $1,106 $6,554 $10,415 $16,638
2004 $991 $6,207 $8,916 $14,538
2003 $1,031 $5,928 $7,205 $13,135
2002 $1,117 $5,753 $5,343 $11,667
2001 $1,295 $5,650 $4,503 $10,309
2000 $1,366 $5,452 $4,071 $9,425
1999 $1,268 $5,121 $4,141 $8,412
1998 $1,213 $4,869 $4,093 $8,451
1997 $1,146 $4,661 $3,683 $7,980
1996 $1,009 $4,434 $3,381 $6,892
1995 $916 $4,235 $3,134 $6,480
1994 $807 $4,048 $2,819 $5,967
1993 $740 $3,895 $2,686 $5,814
1992 $681 $3,784 - $5,872
1991 $623 $3,627 - $7,151
1990 $736 $3,566 - $7,481
1989 $701 - - -
1988 $634 - - -
1987 $754 - - -
1986 $790 - - -
1985 $770 - - -
1984 $690 - - -
1983 $648 - - -
1982 $596 - - -
1981 $490 - - -
1980 $493 - - -
1979 $421 - - -
1978 $355 - - -
1977 $353 - - -
1976 $335 - - -
1975 $299.2 - - -
1974 $243.1 - - -
1973 $272.2 - - -
1972 $256.5 - - -
1971 $243 - - -
1970 $232.3 - - -
1969 $193 - - -
1968 $179.8 - - -
1967 $174.1 - - -
1966 $168.1 - - -
1965 $161.6 - - -
1964 $157.7 - - -
1963 $143.9 - - -
1962 $142.4 - - -
1961 $162.8 - - -
1960 $156.4 - - -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Estonia ranks 45th at $49,969.

Economic indicators

Egypt Estonia
Gross domestic product
$389B
2024
$43.1B
2024
GDP rank
41/197
2024
100/197
2024
GDP growth
2.4%
2023-2024
-0.09%
2023-2024
GDP per capita
$3,338
2024
$31,428
2024
GDP per capita rank
138/197
2024
40/197
2024
GDP per capita, PPP
$19,094
2024
$49,969
2024
GDP per capita PPP rank
99/197
2024
45/197
2024
Government debt
$354B
2024
$10.1B
2024
Debt-to-GDP ratio
90.9%
2024
23.4%
2024
Government debt per person
$3,036
2024
$7,356
2024
Government debt per person rank
99/185
2024
65/185
2024
Average annual personal income after taxes
$1,948
2026
$23,740
2026
Market capitalization of domestic companies
$42.6B
2024
n/a
Number of billionaires
5
2025
2
2025
Income share by richest 10%
24.6%
2021
23.7%
2023
Income share by poorest 10%
4.2%
2021
3.1%
2023
Government expenditure, % of GDP
22.9%
2024
43.6%
2024
Consumer prices inflation
28.3%
2023-2024
3.52%
2023-2024
Central bank interest rate
21%
2025
n/a
Unemployment rate
5.95%
2024
7.5%
2024
Population
120697176
1339590

Spending and national debt comparison by year

Egypt
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Egypt Estonia
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 43.6% 23.4%
2023 22.7% 95.9% 43.5% 20.1%
2022 24.9% 88.5% 40.1% 19.2%
2021 25.5% 89.9% 42.1% 18.4%
2020 25.7% 86.2% 44.7% 19.1%
2019 26.9% 80.1% 39.1% 9.05%
2018 28.6% 87.9% 38.8% 8.51%
2017 30.6% 97.8% 38.9% 9.43%
2016 31% 91.6% 38.9% 10.2%
2015 31.3% 83.8% 39.3% 10.8%
2014 33.9% 80.9% 37.6% 11.6%
2013 32.9% 79.8% 38.3% 11.4%
2012 29.2% 69.9% 39.4% 11.1%
2011 30.5% 72.8% 37.6% 7.6%
2010 31.4% 69.6% 40.7% 7.99%
2009 32.5% 69.5% 46.1% 7.98%
2008 32.7% 66.8% 39.5% 4.67%
2007 31.3% 76.3% 33.8% 3.91%
2006 34.5% 85.9% 33.5% 4.72%
2005 30.3% 98.3% 33.7% 4.73%
2004 30.1% 96.5% 34.1% 5.16%
2003 30.6% 97.1% 35% 5.6%
2002 30.9% 85.8% 35.9% 5.66%
2001 27.9% 79.1% 35.3% 4.93%
2000 26% 71.7% 36.4% 5.11%
1999 26.3% 72.4% 40.7% 5.93%
1998 - 73.8% 38.9% 5.4%
1997 - - 35.8% 6.03%
1996 - - 38.6% 7.3%
1995 - - 39.5% 8.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 23.4% in Estonia, ranking 31/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Estonia
1x
Year Deficit/surplus, % of GDP
Egypt Estonia
2024 -7.12% -1.51%
2023 -5.77% -3.13%
2022 -5.74% -1.08%
2021 -6.96% -2.57%
2020 -7.47% -5.42%
2019 -7.6% -0.11%
2018 -8.97% -1.15%
2017 -9.9% -1.07%
2016 -11.8% -0.62%
2015 -10.4% -0.24%
2014 -10.7% 0.42%
2013 -12.3% -0.66%
2012 -9.47% -0.86%
2011 -9.6% 0.09%
2010 -7.45% -1.09%
2009 -6.2% -3.43%
2008 -6.05% -2.92%
2007 -4.9% 2.5%
2006 -7.35% 2.71%
2005 -6.69% 1.07%
2004 -5.76% 2.29%
2003 -5.73% 1.67%
2002 -6.77% 0.29%
2001 -1.07% 0.4%
2000 1.32% -0.11%
1999 2.14% -3.42%
1998 - 0.65%
1997 - 2.98%
1996 - -0.93%
1995 - -0.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Egypt's government deficit, the difference between spending and revenue, was $27.7B, equivalent to 7.12% of GDP. This compares to Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Estonia ran a deficit in 17 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 0.69% of GDP for Estonia.

Inflation comparison by year

Inflation
Egypt

Estonia
1x
Year Consumer prices inflation
Egypt Estonia
2024 28.3% 3.52%
2023 33.9% 9.16%
2022 13.9% 19.4%
2021 5.21% 4.65%
2020 5.04% -0.44%
2019 9.15% 2.28%
2018 14.4% 3.44%
2017 29.5% 3.42%
2016 13.8% 0.15%
2015 10.4% -0.49%
2014 10.1% -0.11%
2013 9.47% 2.78%
2012 7.11% 3.93%
2011 10.1% 4.98%
2010 11.3% 2.97%
2009 11.8% -0.08%
2008 18.3% 10.4%
2007 9.32% 6.6%
2006 7.64% 4.44%
2005 4.87% 4.08%
2004 11.3% 3.05%
2003 4.51% 1.33%
2002 2.74% 3.57%
2001 2.27% 5.75%
2000 2.68% 4.02%
1999 3.08% 3.3%
1998 3.87% 8.21%
1997 4.63% 10.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 4.46% in Estonia. In 2024, inflation was 28.3% in Egypt and 3.52% in Estonia.

Top exports between countries

Egypt
Export category Export value
Textiles & consumer goods $2.4M
Chemicals & pharma $1.57M
Raw materials & minerals $1.04M
Machinery & equipment $822K
Processed food, beverages & tobacco $429K
Metals $262K
Raw agricultural goods $224K
Animal & marine products $66K
Wood & paper products $16K
Estonia
Export category Export value
Wood & paper products $9.71M
Machinery & equipment $7.29M
Raw materials & minerals $4.18M
Raw agricultural goods $2.29M
Transport & tourism services $1.79M
IT & IP services $1.68M
Metals $153K
Processed food, beverages & tobacco $136K
Business & finance services $118K
Textiles & consumer goods $107K

Balance of trade

Egypt Estonia
Current account balance
-$22.3B
2024
-$543M
2024
Current account balance ranking
184/190
2024
107/190
2024
Current account balance, % of GDP
-5.72%
2024
-1.26%
2024
Goods imports
$72.9B
2024
$22.1B
2024
Goods exports
$34.8B
2024
$19B
2024
Service imports
$27.5B
2024
$10.4B
2024
Service exports
$29.6B
2024
$13.6B
2024
Imports of goods and services, % of GDP
23.2%
2024
75.4%
2024
Exports of goods and services, % of GDP
16.4%
2024
75.7%
2024

Economic freedom indices

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

Egypt Estonia
Economic freedom 50.3 78.7
Economic freedom ranking 160/197 10/197
Property rights 35.5 93.6
Government integrity 27.1 86.3
Judicial effectiveness 24 92.4
Tax burden 85.7 77.9
Government spending 83.4 46
Fiscal health 21.8 93.1
Business freedom 51.4 82.8
Labor freedom 43.1 59
Monetary freedom 56 73.9
Trade freedom 60.2 79.4
Investment freedom 65 90
Financial freedom 50 70

Economic freedom comparison by year

Egypt
Estonia
1x
Year Economic freedom index
Egypt Estonia
2026 50.3 78.7
2025 50.9 78.9
2024 49.7 77.8
2023 49.6 78.6
2022 49.1 80
2021 55.7 78.2
2020 54 77.7
2019 52.5 76.6
2018 53.4 78.8
2017 52.6 79.1
2016 56 77.2
2015 55.2 76.8
2014 52.9 75.9
2013 54.8 75.3
2012 57.9 73.2
2011 59.1 75.2
2010 59 74.7
2009 58 76.4
2008 58.5 77.9
2007 54.4 78
2006 53.2 74.9
2005 55.8 75.2
2004 55.5 77.4
2003 55.3 77.7
2002 54.1 77.6
2001 51.5 76.1
2000 51.7 69.9
1999 58 73.8
1998 55.8 72.5
1997 54.5 69.1
1996 52 65.4
1995 45.7 65.2

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Estonia
Services, % of GDP
48.9%
2024
65.7%
2024
Industry, % of GDP
32.6%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
1.77%
2024
GNI, Atlas method
$409B
2024
$39.6B
2024
GNI per capita, PPP
$18,230
2024
$48,880
2024
Total reserves including gold
$44.9B
2024
$2.07B
2024
Total reserves ranking
44/177
2024
125/177
2024
Net foreign direct investment
-$46.1B
2024
-$285M
2024
Net inflows of foreign direct investment
$46.6B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$508M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
22.5%
2022
Gross capital formation, % of GDP
13%
2024
24.6%
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/egypt/estonia | 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 (1995–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.