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Economy of Egypt vs Ghana compared: GDP & Debt

Updated on by Georank

Egypt has a GDP of $365B compared to $114B for Ghana, ranking 43/197 and 69/197 by economy size, respectively.

Egypt has $317B in government debt (86.8% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Egypt vs Ghana GDP by year

Egypt
Ghana
1x
Year GDP, current $
Egypt Ghana
2025 $365,254,630,180 $114,209,905,279
2024 $389,059,910,593 $83,288,585,604
2023 $395,926,071,448 $80,547,146,876
2022 $476,747,720,365 $73,919,003,212
2021 $424,671,765,456 $79,514,204,730
2020 $383,817,841,547 $70,008,243,860
2019 $318,678,815,490 $68,352,629,246
2018 $262,588,632,527 $67,259,353,966
2017 $248,362,771,739 $60,385,409,435
2016 $332,441,717,791 $56,144,179,398
2015 $329,366,576,819 $49,436,806,230
2014 $305,595,408,895 $54,678,533,806
2013 $288,434,108,527 $62,845,721,960
2012 $279,116,666,667 $41,271,701,061
2011 $235,989,672,978 $39,336,668,081
2010 $218,983,666,062 $32,197,655,567
2009 $189,147,005,445 $26,048,720,006
2008 $162,818,181,818 $28,679,383,241
2007 $130,437,828,371 $24,827,339,138
2006 $107,426,086,957 $20,885,037,597
2005 $89,660,339,660 $10,744,568,381
2004 $78,782,467,532 $8,881,417,907
2003 $80,288,461,538 $7,632,723,556
2002 $85,146,067,416 $6,166,197,848
2001 $96,684,636,119 $5,314,872,854
2000 $99,838,543,960 $4,982,850,662
1999 $90,710,704,807 $7,718,109,982
1998 $84,828,807,556 $7,482,069,162
1997 $78,436,578,171 $6,891,443,192
1996 $67,629,716,981 $6,932,991,739
1995 $60,159,245,060 $6,464,382,808
1994 $51,897,983,393 $5,446,383,727
1993 $46,578,631,453 $5,968,922,939
1992 $41,855,986,519 $6,416,103,926
1991 $37,387,836,491 $6,603,185,268
1990 $42,978,914,311 $5,889,106,573
1989 $39,756,299,050 $5,251,858,440
1988 $34,980,124,929 $5,197,765,032
1987 $40,455,616,654 $5,074,829,932
1986 $41,253,507,951 $5,735,677,434
1985 $39,053,502,251 $4,504,306,723
1984 $33,971,188,992 $4,412,279,843
1983 $30,966,239,814 $4,057,275,132
1982 $27,655,172,414 $4,035,994,398
1981 $22,136,081,081 $4,222,441,860
1980 $21,669,908,176 $4,445,228,216
1979 $18,020,571,429 $4,020,227,920
1978 $14,811,704,063 $3,662,478,185
1977 $14,400,806,876 $3,189,428,571
1976 $13,315,988,083 $2,765,254,237
1975 $11,632,178,869 $2,810,106,383
1974 $9,228,963,225 $2,894,409,938
1973 $10,098,534,613 $3,006,766,758
1972 $9,299,638,056 $2,112,293,280
1971 $8,609,283,346 $2,417,108,578
1970 $8,042,200,452 $2,215,028,588
1969 $6,524,455,206 $1,962,050,556
1968 $5,932,242,991 $1,666,909,518
1967 $5,605,484,299 $1,747,187,645
1966 $5,278,005,612 $2,126,300,672
1965 $4,948,667,540 $2,053,462,968
1964 $4,709,245,762 $1,731,296,200
1963 $4,187,146,232 $1,540,797,589
1962 $4,035,462,027 $1,382,515,654
1961 $4,494,575,611 $1,302,674,325
1960 $4,206,270,352 $1,217,230,095

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Egypt vs Ghana by year

Egypt
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,086 - $3,257 -
2024 $3,338 $19,094 $2,419 $8,020
2023 $3,457 $18,525 $2,384 $7,556
2022 $4,233 $17,527 $2,230 $7,208
2021 $3,827 $15,579 $2,445 $6,608
2020 $3,511 $15,232 $2,195 $6,047
2019 $2,963 $13,364 $2,187 $6,003
2018 $2,485 $12,329 $2,195 $5,536
2017 $2,395 $11,125 $2,012 $5,171
2016 $3,271 $10,666 $1,912 $5,011
2015 $3,307 $10,903 $1,723 $5,191
2014 $3,133 $10,256 $1,950 $5,517
2013 $3,026 $10,511 $2,295 $5,215
2012 $2,996 $10,342 $1,544 $4,934
2011 $2,591 $8,988 $1,507 $4,381
2010 $2,455 $8,838 $1,264 $3,855
2009 $2,162 $8,465 $1,048 $3,617
2008 $1,896 $8,191 $1,183 $3,516
2007 $1,548 $7,641 $1,050 $3,241
2006 $1,299 $7,079 $906 $3,103
2005 $1,106 $6,554 $479 $2,904
2004 $991 $6,207 $406 $2,729
2003 $1,031 $5,928 $358 $2,584
2002 $1,117 $5,753 $297.5 $2,475
2001 $1,295 $5,650 $263.5 $2,397
2000 $1,366 $5,452 $253.7 $2,315
1999 $1,268 $5,121 $403 $2,239
1998 $1,213 $4,869 $400 $2,167
1997 $1,146 $4,661 $378 $2,097
1996 $1,009 $4,434 $389 $2,026
1995 $916 $4,235 $372 $1,947
1994 $807 $4,048 $321 $1,875
1993 $740 $3,895 $360 $1,821
1992 $681 $3,784 $396 $1,739
1991 $623 $3,627 $418 $1,678
1990 $736 $3,566 $383 $1,581
1989 $701 - $350 -
1988 $634 - $355 -
1987 $754 - $355 -
1986 $790 - $411 -
1985 $770 - $330 -
1984 $690 - $330 -
1983 $648 - $311 -
1982 $596 - $319 -
1981 $490 - $344 -
1980 $493 - $372 -
1979 $421 - $347 -
1978 $355 - $326 -
1977 $353 - $292.3 -
1976 $335 - $261 -
1975 $299.2 - $273 -
1974 $243.1 - $289.4 -
1973 $272.2 - $310 -
1972 $256.5 - $223.8 -
1971 $243 - $263.4 -
1970 $232.3 - $248.2 -
1969 $193 - $225.8 -
1968 $179.8 - $196.7 -
1967 $174.1 - $211.2 -
1966 $168.1 - $263.3 -
1965 $161.6 - $260.5 -
1964 $157.7 - $225 -
1963 $143.9 - $205 -
1962 $142.4 - $188.4 -
1961 $162.8 - $181.9 -
1960 $156.4 - $174.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Egypt's GDP per capita is $3,086, ranking 143/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Ghana ranks 140th at $8,020.

Economic indicators

Egypt Ghana
Gross domestic product
$365B
2025
$114B
2025
GDP rank
43/197
2025
69/197
2025
GDP growth
4.39%
2024-2025
5.95%
2024-2025
GDP per capita
$3,086
2025
$3,257
2025
GDP per capita rank
143/197
2025
139/197
2025
GDP per capita, PPP
$19,094
2024
$8,020
2024
GDP per capita PPP rank
99/197
2024
140/197
2024
Government debt
$317B
2025
$55.8B
2025
Debt-to-GDP ratio
86.8%
2025
48.8%
2025
Government debt per person
$2,679
2025
$1,590
2025
Government debt per person rank
110/185
2025
128/185
2025
Average annual personal income after taxes
$1,841
2026
$2,135
2026
Market capitalization of domestic companies
$62.9B
2025
$16.4B
2025
Number of billionaires
5
2026
n/a
Income share by richest 10%
24.6%
2021
32.2%
2016
Income share by poorest 10%
4.2%
2021
1.6%
2016
Government expenditure, % of GDP
22.7%
2025
17%
2025
Consumer prices inflation
14.1%
2024-2025
14.2%
2024-2025
Central bank interest rate
19%
2026
14%
2026
Unemployment rate
5.95%
2024
3.97%
2024
Population
121012163
36032857

Spending and national debt comparison by year

Egypt
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Egypt Ghana
Government spending Government debt Government spending Government debt
2025 22.7% 86.8% 17% 48.8%
2024 22.9% 90.9% 22% 70.3%
2023 22.7% 95.9% 18.5% 79.1%
2022 24.9% 88.5% 27.5% 92.7%
2021 25.5% 89.9% 27.2% 86.9%
2020 25.7% 86.2% 31.5% 79.1%
2019 26.9% 80.1% 22.5% 62.9%
2018 28.6% 87.9% 20.9% 62%
2017 30.6% 97.8% 17.6% 57%
2016 31% 91.6% 19.9% 55.9%
2015 31.3% 83.8% 18.6% 53.9%
2014 33.9% 80.9% 21% 50.1%
2013 32.9% 79.8% 21.6% 42.9%
2012 29.2% 69.9% 22.1% 35.5%
2011 30.5% 72.8% 19.5% 31.2%
2010 31.4% 69.6% 19% 32.9%
2009 32.5% 69.5% 16.6% 25.4%
2008 32.7% 66.8% 16.6% 23.2%
2007 31.3% 76.3% 16.8% 21.1%
2006 34.5% 85.9% 14.4% 17.3%
2005 30.3% 98.3% 12.9% 31.7%
2004 30.1% 96.5% 13.7% 38.4%
2003 30.6% 97.1% 12.1% 49.3%
2002 30.9% 85.8% 10.7% 54.1%
2001 27.9% 79.1% 13.8% 57.8%
2000 26% 71.7% 12% 74.5%
1999 26.3% 72.4% 11.1% 51.7%
1998 - 73.8% 11.8% 37.6%
1997 - - 12% 45.2%
1996 - - 12.4% 42.9%
1995 - - 13% 47.6%
1994 - - 12.7% 50.6%
1993 - - 12.1% 34.1%
1992 - - 9.2% 21.3%
1991 - - 7.09% 17.3%
1990 - - 6.59% 17.8%
1989 - - 7.24% 23%
1988 - - 7.23% 23.5%
1987 - - 7.32% 26.8%
1986 - - 7.29% 18.2%
1985 - - 6.08% 14.4%
1984 - - 4.64% 13%
1983 - - 3.49% 9.21%
1982 - - 4.73% 8.51%
1981 - - 5.74% 8.77%
1980 - - 7.51% 9.75%
1979 - - 9.14% 11.5%
1978 - - 6.54% 11.4%
1977 - - 10.5% 20.7%
1976 - - 12.8% 26%
1975 - - 13.2% 21.8%
1974 - - 9.52% 21.8%
1973 - - 9.35% 25.4%
1972 - - 11.4% 29.8%
1971 - - 11.7% 29.5%
1970 - - 12.2% 31.9%
1969 - - 11.2% 31.4%
1968 - - 12.3% 34.5%
1967 - - 11.5% 33.9%
1966 - - 9.12% 29.8%
1965 - - 14.2% 30.2%
1964 - - 15.8% 30.8%
1963 - - 15.3% 30.5%
1962 - - 12.5% 11.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Egypt's government spending was $82.8B, accounting for 22.7% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 86.8% in Egypt and 48.8% in Ghana, ranking 33/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Ghana
1x
Year Deficit/surplus, % of GDP
Egypt Ghana
2025 -6.55% -1.35%
2024 -7.12% -6.23%
2023 -5.77% -3.37%
2022 -5.74% -11.8%
2021 -6.96% -12%
2020 -7.47% -17.4%
2019 -7.6% -7.52%
2018 -8.97% -6.79%
2017 -9.9% -3.97%
2016 -11.8% -6.75%
2015 -10.4% -4.01%
2014 -10.7% -7.81%
2013 -12.3% -9.12%
2012 -9.47% -8.36%
2011 -9.6% -5.47%
2010 -7.45% -7.13%
2009 -6.2% -5.05%
2008 -6.05% -5.56%
2007 -4.9% -4.91%
2006 -7.35% -3.11%
2005 -6.69% -1.87%
2004 -5.76% -2.02%
2003 -5.73% -1.99%
2002 -6.77% -2.73%
2001 -1.07% -3.64%
2000 1.32% -3.98%
1999 2.14% -5.64%
1998 - -5.27%
1997 - -6.14%
1996 - -5.61%
1995 - -4.52%
1994 - -4.99%
1993 - -5.39%
1992 - -4.5%
1991 - -1.47%
1990 - -1.93%
1989 - -0.81%
1988 - -1.08%
1987 - -0.92%
1986 - -1.26%
1985 - -1.19%
1984 - -0.98%
1983 - -1.13%
1982 - -2.03%
1981 - -3.8%
1980 - -4.73%
1979 - -3.61%
1978 - -1.21%
1977 - -4.68%
1976 - -5.53%
1975 - -4.05%
1974 - -2.06%
1973 - -2.64%
1972 - -2.19%
1971 - 0.13%
1970 - -2.35%
1969 - -2.67%
1968 - -2.34%
1967 - -2.32%
1966 - -1.29%
1965 - -3.29%
1964 - -3.72%
1963 - -5.66%
1962 - -5.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Egypt's government deficit, the difference between spending and revenue, was $23.9B, equivalent to 6.55% of GDP. This compares to Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 27 years, Egypt recorded a fiscal deficit in 25 of those years, while Ghana ran a deficit in 27 years. On average, Egypt posted an annual deficit equal to 6.85% of GDP, compared to deficit of 5.91% of GDP for Ghana.

Inflation comparison by year

Inflation
Egypt

Ghana
1x
Year Consumer prices inflation
Egypt Ghana
2025 14.1% 14.2%
2024 28.3% 22.8%
2023 33.9% 38.1%
2022 13.9% 31.3%
2021 5.21% 9.97%
2020 5.04% 9.89%
2019 9.15% 7.14%
2018 14.4% 7.81%
2017 29.5% 12.4%
2016 13.8% 17.5%
2015 10.4% 17.1%
2014 10.1% 15.5%
2013 9.47% 11.7%
2012 7.11% 11.2%
2011 10.1% 8.73%
2010 11.3% 10.7%
2009 11.8% 19.2%
2008 18.3% 16.5%
2007 9.32% 10.7%
2006 7.64% 11.7%
2005 4.87% 15.4%
2004 11.3% 18%
2003 4.51% 29.8%
2002 2.74% 9.36%
2001 2.27% 41.5%
2000 2.68% 40.2%
1999 3.08% 4.87%
1998 3.87% 14.6%
1997 4.63% 27.9%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Egypt has recorded an average annual inflation rate of 10.8%, compared with 17.4% in Ghana. In 2025, inflation was 14.1% in Egypt and 14.2% in Ghana.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $58.4M
Chemicals & pharma $18.6M
Processed food, beverages & tobacco $14.7M
Machinery & equipment $9.96M
Textiles & consumer goods $9.49M
Raw agricultural goods $8.42M
Metals $7.88M
Wood & paper products $1.85M
Animal & marine products $655K
Miscellaneous $187K
Ghana
Export category Export value
Processed food, beverages & tobacco $3.9M
Machinery & equipment $2.49M
Raw materials & minerals $2.38M
Wood & paper products $1.54M
Raw agricultural goods $264K
Animal & marine products $156K
Metals $128K
Chemicals & pharma $116K
Textiles & consumer goods $32K
Precious metals & jewellery $4K

Balance of trade

Egypt Ghana
Current account balance
-$13.9B
2025
$9.39B
2025
Current account balance ranking
178/190
2025
25/190
2025
Current account balance, % of GDP
-3.82%
2025
+8.22%
2025
Goods imports
$85.5B
2025
$17.5B
2025
Goods exports
$42.4B
2025
$31.2B
2025
Service imports
$29.6B
2025
$14.6B
2025
Service exports
$34.1B
2025
$10.1B
2025
Imports of goods and services, % of GDP
31.5%
2025
33.9%
2024
Exports of goods and services, % of GDP
19.8%
2025
35.1%
2024

Economic freedom indices

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

Egypt Ghana
Economic freedom 50.3 57.3
Economic freedom ranking 160/197 118/197
Property rights 35.5 50.2
Government integrity 27.1 45.4
Judicial effectiveness 24 57.5
Tax burden 85.7 79.4
Government spending 83.4 84
Fiscal health 21.8 10.1
Business freedom 51.4 64.5
Labor freedom 43.1 54.9
Monetary freedom 56 56.7
Trade freedom 60.2 65.2
Investment freedom 65 60
Financial freedom 50 60

Economic freedom comparison by year

Egypt
Ghana
1x
Year Economic freedom index
Egypt Ghana
2026 50.3 57.3
2025 50.9 56
2024 49.7 55.8
2023 49.6 58
2022 49.1 59.8
2021 55.7 59.2
2020 54 59.4
2019 52.5 57.5
2018 53.4 56
2017 52.6 56.2
2016 56 63
2015 55.2 63
2014 52.9 64.2
2013 54.8 61.3
2012 57.9 60.7
2011 59.1 59.4
2010 59 60.2
2009 58 58.1
2008 58.5 57
2007 54.4 57.6
2006 53.2 55.6
2005 55.8 56.5
2004 55.5 59.1
2003 55.3 58.2
2002 54.1 57.2
2001 51.5 58
2000 51.7 58.1
1999 58 57.9
1998 55.8 57
1997 54.5 56.7
1996 52 57.7
1995 45.7 55.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Ghana
Services, % of GDP
47.3%
2025
42.9%
2025
Industry, % of GDP
32.1%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
21.3%
2025
GNI, Atlas method
$386B
2025
$92.3B
2025
GNI per capita, PPP
$19,330
2025
$8,080
2025
Total reserves including gold
$48.9B
2025
$4.47B
2024
Total reserves ranking
49/177
2025
108/177
2024
Net foreign direct investment
-$14.8B
2025
-$1.87B
2025
Net inflows of foreign direct investment
$46.6B
2024
$1.77B
2024
Net outflows of foreign direct investment
$508M
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
3.5%
2024
Poverty at national poverty lines
33.5%
2021
23.4%
2016
Gross capital formation, % of GDP
12.9%
2025
9.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.