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Economy of Egypt vs Gambia compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $2.4B for the Gambia, ranking 41/197 and 174/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $1.92B (80% of GDP) in the Gambia.

Egypt vs Gambia GDP by year

Egypt
Gambia
1x
Year GDP, current $
Egypt Gambia
2024 $389,059,911,004 $2,404,888,749
2023 $395,926,075,163 $2,382,262,185
2022 $476,747,720,365 $2,204,734,528
2021 $424,671,765,456 $2,014,158,842
2020 $383,817,841,547 $1,812,170,891
2019 $318,678,815,490 $1,813,609,692
2018 $262,588,632,527 $1,670,671,328
2017 $248,362,771,739 $1,504,909,463
2016 $332,441,717,791 $1,484,578,886
2015 $329,366,576,819 $1,378,176,609
2014 $305,595,408,895 $1,229,461,721
2013 $288,434,108,527 $1,375,609,453
2012 $279,116,666,667 $1,415,004,738
2011 $235,989,672,978 $1,409,693,597
2010 $218,983,666,062 $1,543,294,927
2009 $189,147,005,445 $1,450,142,509
2008 $162,818,181,818 $1,561,766,956
2007 $130,437,828,371 $1,279,703,047
2006 $107,426,086,957 $1,054,112,488
2005 $89,660,339,660 $1,027,701,068
2004 $78,782,467,532 $961,900,651
2003 $80,288,461,538 $487,038,685
2002 $85,146,067,416 $578,235,309
2001 $96,684,636,119 $687,410,645
2000 $99,838,543,960 $782,913,872
1999 $90,710,704,807 $814,724,032
1998 $84,828,807,556 $840,285,265
1997 $78,436,578,171 $803,633,342
1996 $67,629,716,981 $848,239,446
1995 $60,159,245,060 $785,999,865
1994 $51,897,983,393 $746,493,952
1993 $46,578,631,453 $755,040,974
1992 $41,855,986,519 $714,254,256
1991 $37,387,836,491 $690,311,081
1990 $42,978,914,311 $317,083,695
1989 $39,756,299,050 $284,120,329
1988 $34,980,124,929 $266,672,212
1987 $40,455,616,654 $220,626,484
1986 $41,253,507,951 $185,646,987
1985 $39,053,502,251 $225,726,359
1984 $33,971,188,992 $177,340,880
1983 $30,966,239,814 $213,448,585
1982 $27,655,172,414 $216,050,552
1981 $22,136,081,081 $218,767,743
1980 $21,669,908,176 $241,083,090
1979 $18,020,571,429 $207,112,628
1978 $14,811,704,063 $171,833,086
1977 $14,400,806,876 $138,093,099
1976 $13,315,988,083 $112,190,829
1975 $11,632,178,869 $115,179,719
1974 $9,228,963,225 $95,796,022
1973 $10,098,534,613 $75,187,749
1972 $9,299,638,056 $59,160,569
1971 $8,609,283,346 $55,728,663
1970 $8,042,200,452 $52,296,084
1969 $6,524,455,206 $45,168,072
1968 $5,932,242,991 $41,160,066
1967 $5,605,484,299 $46,695,007
1966 $5,278,005,612 $44,212,081
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/gambia | CC BY

GDP per capita in Egypt vs Gambia by year

Egypt
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $871 $3,476
2023 $3,457 $18,525 $883 $3,289
2022 $4,233 $17,527 $836 $3,067
2021 $3,827 $15,579 $782 $2,778
2020 $3,511 $15,232 $720 $2,531
2019 $2,963 $13,364 $738 $2,422
2018 $2,485 $12,329 $696 $2,277
2017 $2,395 $11,125 $643 $2,039
2016 $3,271 $10,666 $650 $2,013
2015 $3,307 $10,903 $620 $1,990
2014 $3,133 $10,256 $568 $1,934
2013 $3,026 $10,511 $654 $2,007
2012 $2,996 $10,342 $693 $2,065
2011 $2,591 $8,988 $711 $2,064
2010 $2,455 $8,838 $801 $2,267
2009 $2,162 $8,465 $775 $2,177
2008 $1,896 $8,191 $859 $2,088
2007 $1,548 $7,641 $725 $1,985
2006 $1,299 $7,079 $615 $1,931
2005 $1,106 $6,554 $616 $1,938
2004 $991 $6,207 $593 $1,979
2003 $1,031 $5,928 $309 $1,850
2002 $1,117 $5,753 $377 $1,744
2001 $1,295 $5,650 $460 $1,823
2000 $1,366 $5,452 $538 $1,731
1999 $1,268 $5,121 $575 $1,649
1998 $1,213 $4,869 $610 $1,572
1997 $1,146 $4,661 $600 $1,544
1996 $1,009 $4,434 $652 $1,489
1995 $916 $4,235 $622 $1,472
1994 $807 $4,048 $608 $1,473
1993 $740 $3,895 $635 $1,487
1992 $681 $3,784 $623 $1,462
1991 $623 $3,627 $628 $1,440
1990 $736 $3,566 $301 $1,409
1989 $701 - $280.9 -
1988 $634 - $274.9 -
1987 $754 - $237 -
1986 $790 - $207.7 -
1985 $770 - $262.8 -
1984 $690 - $214.8 -
1983 $648 - $268.6 -
1982 $596 - $282.1 -
1981 $490 - $296 -
1980 $493 - $338 -
1979 $421 - $300 -
1978 $355 - $257.6 -
1977 $353 - $213.8 -
1976 $335 - $179.3 -
1975 $299.2 - $189.8 -
1974 $243.1 - $162.6 -
1973 $272.2 - $131.4 -
1972 $256.5 - $106.5 -
1971 $243 - $103.3 -
1970 $232.3 - $99.8 -
1969 $193 - $88.7 -
1968 $179.8 - $83.1 -
1967 $174.1 - $97 -
1966 $168.1 - $94.4 -
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/gambia | CC BY

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $871 in the Gambia, ranking 183/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while the Gambia ranks 172nd at $3,476.

Economic indicators

Egypt Gambia
Gross domestic product
$389B
2024
$2.4B
2024
GDP rank
41/197
2024
174/197
2024
GDP growth
2.4%
2023-2024
5.55%
2023-2024
GDP per capita
$3,338
2024
$871
2024
GDP per capita rank
138/197
2024
183/197
2024
GDP per capita, PPP
$19,094
2024
$3,476
2024
GDP per capita PPP rank
99/197
2024
172/197
2024
Government debt
$354B
2024
$1.92B
2024
Debt-to-GDP ratio
90.9%
2024
80%
2024
Government debt per person
$3,036
2024
$697
2024
Government debt per person rank
99/185
2024
155/185
2024
Average annual personal income after taxes
$1,948
2026
$741
2026
Market capitalization of domestic companies
$42.6B
2024
n/a
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
30.5%
2020
Income share by poorest 10%
4.2%
2021
2.6%
2020
Government expenditure, % of GDP
22.9%
2024
25.8%
2024
Consumer prices inflation
28.3%
2023-2024
11.6%
2023-2024
Central bank interest rate
21%
2025
17%
2023
Unemployment rate
5.95%
2024
6.48%
2023
Population
120697176
2902554

Spending and national debt comparison by year

Egypt
Spending

Debt
Gambia
Spending

Debt
1x
Year % of GDP
Egypt Gambia
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 25.8% 80%
2023 22.7% 95.9% 24.9% 80.2%
2022 24.9% 88.5% 24.6% 83.9%
2021 25.5% 89.9% 21.5% 83.1%
2020 25.7% 86.2% 25.3% 85.9%
2019 26.9% 80.1% 23.9% 83%
2018 28.6% 87.9% 19% 83.6%
2017 30.6% 97.8% 23.6% 87%
2016 31% 91.6% 19.4% 80.7%
2015 31.3% 83.8% 19.6% 69.4%
2014 33.9% 80.9% 19% 71.1%
2013 32.9% 79.8% 17.2% 58.2%
2012 29.2% 69.9% 19.1% 49.5%
2011 30.5% 72.8% 16.5% 49.2%
2010 31.4% 69.6% 14.6% 42.9%
2009 32.5% 69.5% 14.4% 38.9%
2008 32.7% 66.8% 11.6% 39.5%
2007 31.3% 76.3% 11.2% 38%
2006 34.5% 85.9% 14% 87.3%
2005 30.3% 98.3% 12.9% 82.6%
2004 30.1% 96.5% 12.4% 81.3%
2003 30.6% 97.1% 9.3% 91.7%
2002 30.9% 85.8% 8.59% 93.9%
2001 27.9% 79.1% 9.68% 75.2%
2000 26% 71.7% 9.54% 73.3%
1999 26.3% 72.4% - -
1998 - 73.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while the Gambia spent $621M, or 25.8% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 80% in the Gambia, ranking 31/185 and 45/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Gambia
1x
Year Deficit/surplus, % of GDP
Egypt Gambia
2024 -7.12% -4.08%
2023 -5.77% -3.69%
2022 -5.74% -5.72%
2021 -6.96% -4.77%
2020 -7.47% -2.37%
2019 -7.6% -2.75%
2018 -8.97% -3.92%
2017 -9.9% -4.35%
2016 -11.8% -6.22%
2015 -10.4% -5.38%
2014 -10.7% -3.94%
2013 -12.3% -5.11%
2012 -9.47% -2.85%
2011 -9.6% -3.03%
2010 -7.45% -2.93%
2009 -6.2% -1.65%
2008 -6.05% -0.45%
2007 -4.9% 0.27%
2006 -7.35% -3.19%
2005 -6.69% -3.33%
2004 -5.76% -1.77%
2003 -5.73% -1.73%
2002 -6.77% 0.06%
2001 -1.07% -2.52%
2000 1.32% -0.09%
1999 2.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20).

GeoRank.org/economy/egypt/gambia | 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 the Gambia's deficit of $98.2M, or 4.08% of GDP.

Over the past 25 years, Egypt recorded a fiscal deficit in 24 of those years, while the Gambia ran a deficit in 23 years. On average, Egypt posted an annual deficit equal to 7.22% of GDP, compared to deficit of 3.02% of GDP for the Gambia.

Inflation comparison by year

Inflation
Egypt

Gambia
1x
Year Consumer prices inflation
Egypt Gambia
2024 28.3% 11.6%
2023 33.9% 17%
2022 13.9% 11.5%
2021 5.21% 7.37%
2020 5.04% 5.93%
2019 9.15% 7.12%
2018 14.4% 6.52%
2017 29.5% 8.03%
2016 13.8% 7.23%
2015 10.4% 6.81%
2014 10.1% 5.95%
2013 9.47% 5.7%
2012 7.11% 4.25%
2011 10.1% 4.8%
2010 11.3% 5.05%
2009 11.8% 4.56%
2008 18.3% 4.44%
2007 9.32% 5.37%
2006 7.64% 2.06%
2005 4.87% 4.84%
2004 11.3% 14.2%
2003 4.51% 17%
2002 2.74% 8.61%
2001 2.27% 4.49%
2000 2.68% 0.84%
1999 3.08% 3.81%
1998 3.87% 1.11%
1997 4.63% 2.78%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 6.75% in the Gambia. In 2024, inflation was 28.3% in Egypt and 11.6% in the Gambia.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $24.4M
Raw agricultural goods $3.3M
Chemicals & pharma $1.06M
Processed food, beverages & tobacco $987K
Machinery & equipment $502K
Textiles & consumer goods $380K
Wood & paper products $369K
Miscellaneous $287K
Metals $60K
Animal & marine products $17K
Gambia
Export category Export value

Balance of trade

Egypt Gambia
Current account balance
-$22.3B
2024
-$99.8M
2024
Current account balance ranking
184/190
2024
88/190
2024
Current account balance, % of GDP
-5.72%
2024
-4.15%
2024
Goods imports
$72.9B
2024
$1.39B
2024
Goods exports
$34.8B
2024
$363M
2024
Service imports
$27.5B
2024
$161M
2024
Service exports
$29.6B
2024
$485M
2024
Imports of goods and services, % of GDP
23.2%
2024
33.4%
2024
Exports of goods and services, % of GDP
16.4%
2024
8.75%
2024

Economic freedom indices

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

Egypt Gambia
Economic freedom 50.3 56.3
Economic freedom ranking 160/197 123/197
Property rights 35.5 55.4
Government integrity 27.1 40.5
Judicial effectiveness 24 45.8
Tax burden 85.7 79.2
Government spending 83.4 81.1
Fiscal health 21.8 54.8
Business freedom 51.4 50.1
Labor freedom 43.1 46.4
Monetary freedom 56 57.3
Trade freedom 60.2 64.8
Investment freedom 65 50
Financial freedom 50 50

Economic freedom comparison by year

Egypt
Gambia
1x
Year Economic freedom index
Egypt Gambia
2026 50.3 56.3
2025 50.9 56.8
2024 49.7 58.2
2023 49.6 57.9
2022 49.1 58
2021 55.7 58.8
2020 54 56.3
2019 52.5 52.4
2018 53.4 52.3
2017 52.6 53.4
2016 56 57.1
2015 55.2 57.5
2014 52.9 59.5
2013 54.8 58.8
2012 57.9 58.8
2011 59.1 57.4
2010 59 55.1
2009 58 55.8
2008 58.5 56.9
2007 54.4 57.7
2006 53.2 57.3
2005 55.8 56.5
2004 55.5 55.3
2003 55.3 56.3
2002 54.1 57.7
2001 51.5 56.6
2000 51.7 52.7
1999 58 52.1
1998 55.8 53.4
1997 54.5 52.9
1996 52 -
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 56.3 for the Gambia, ranking 123/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Gambia
Services, % of GDP
48.9%
2024
56.8%
2024
Industry, % of GDP
32.6%
2024
15.3%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
20.4%
2024
GNI, Atlas method
$409B
2024
$2.43B
2024
GNI per capita, PPP
$18,230
2024
$3,430
2024
Total reserves including gold
$44.9B
2024
$629M
2024
Total reserves ranking
44/177
2024
151/177
2024
Net foreign direct investment
-$46.1B
2024
-$232M
2024
Net inflows of foreign direct investment
$46.6B
2024
$232M
2024
Net outflows of foreign direct investment
$508M
2024
-$665K
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
3.25%
2024
Poverty at national poverty lines
33.5%
2021
53.4%
2020
Gross capital formation, % of GDP
13%
2024
29.9%
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/gambia | 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 (1998–2024, 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 (2023–2024, 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.