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Economy of Egypt vs Iraq compared: GDP & Debt

Updated on by Georank

Egypt has a GDP of $365B compared to $254B for Iraq, ranking 43/197 and 54/197 by economy size, respectively.

Egypt has $317B in government debt (86.8% of GDP), compared to $137B (53.9% of GDP) in Iraq.

Egypt vs Iraq GDP by year

Egypt
Iraq
1x
Year GDP, current $
Egypt Iraq
2025 $365,254,630,180 $254,367,293,538
2024 $389,059,910,593 $279,641,257,615
2023 $395,926,071,448 $268,881,051,644
2022 $476,747,720,365 $287,372,232,138
2021 $424,671,765,456 $209,691,945,713
2020 $383,817,841,547 $180,898,797,517
2019 $318,678,815,490 $233,636,097,800
2018 $262,588,632,527 $227,367,469,034
2017 $248,362,771,739 $187,217,660,051
2016 $332,441,717,791 $166,743,557,748
2015 $329,366,576,819 $166,774,104,959
2014 $305,595,408,895 $228,415,656,175
2013 $288,434,108,527 $234,637,675,129
2012 $279,116,666,667 $218,002,476,129
2011 $235,989,672,978 $185,749,664,444
2010 $218,983,666,062 $138,516,722,650
2009 $189,147,005,445 $111,657,580,326
2008 $162,818,181,818 $131,614,434,154
2007 $130,437,828,371 $88,837,057,320
2006 $107,426,086,957 $65,147,051,918
2005 $89,660,339,660 $50,065,104,668
2004 $78,782,467,532 $36,633,669,269
2003 $80,288,461,538 $21,921,569,479
2002 $85,146,067,416 $32,928,454,672
2001 $96,684,636,119 $36,176,430,129
2000 $99,838,543,960 $48,364,250,944
1999 $90,710,704,807 $36,881,601,584
1998 $84,828,807,556 $20,617,405,044
1997 $78,436,578,171 $20,764,857,056
1996 $67,629,716,981 $10,433,698,621
1995 $60,159,245,060 $12,894,029,888
1994 $51,897,983,393 $3,991,349,283
1993 $46,578,631,453 $1,031,944,881
1992 $41,855,986,519 $553,671,958
1991 $37,387,836,491 $407,796,350
1990 $42,978,914,311 $180,408,064,516
1989 $39,756,299,050 $65,831,935,484
1988 $34,980,124,929 $62,684,516,129
1987 $40,455,616,654 $56,774,193,548
1986 $41,253,507,951 $47,264,516,129
1985 $39,053,502,251 $48,425,161,290
1984 $33,971,188,992 $46,938,387,097
1983 $30,966,239,814 $40,712,903,226
1982 $27,655,172,414 $42,382,333,333
1981 $22,136,081,081 $37,823,000,000
1980 $21,669,908,176 $52,569,000,000
1979 $18,020,571,429 $37,816,457,839
1978 $14,811,704,063 $23,762,275,652
1977 $14,400,806,876 $19,838,130,715
1976 $13,315,988,083 $17,754,825,601
1975 $11,632,178,869 $13,458,516,763
1974 $9,228,963,225 $11,516,762,614
1973 $10,098,534,613 $5,134,367,778
1972 $9,299,638,056 $4,113,848,002
1971 $8,609,283,346 $3,865,346,535
1970 $8,042,200,452 $3,281,318,687
1969 $6,524,455,206 $3,007,758,797
1968 $5,932,242,991 $2,896,598,841
1967 $5,605,484,299 $2,551,522,656
1966 $5,278,005,612 $2,530,306,096
1965 $4,948,667,540 $2,335,785,506
1964 $4,709,245,762 $2,136,408,198
1963 $4,187,146,232 $1,805,901,510
1962 $4,035,462,027 $1,784,174,541
1961 $4,494,575,611 $1,671,960,965
1960 $4,206,270,352 $1,537,252,193

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

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

GDP per capita in Egypt vs Iraq by year

Egypt
GDP per capita

GDP per capita, PPP
Iraq
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Iraq
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,086 - $5,410 -
2024 $3,338 $19,094 $6,074 $14,464
2023 $3,457 $18,525 $5,965 $14,653
2022 $4,233 $17,527 $6,521 $14,391
2021 $3,827 $15,579 $4,868 $12,732
2020 $3,511 $15,232 $4,295 $10,574
2019 $2,963 $13,364 $5,672 $12,249
2018 $2,485 $12,329 $5,647 $12,034
2017 $2,395 $11,125 $4,759 $10,192
2016 $3,271 $10,666 $4,334 $9,079
2015 $3,307 $10,903 $4,440 $9,334
2014 $3,133 $10,256 $6,249 $13,168
2013 $3,026 $10,511 $6,650 $14,669
2012 $2,996 $10,342 $6,478 $14,402
2011 $2,591 $8,988 $5,776 $12,912
2010 $2,455 $8,838 $4,462 $12,186
2009 $2,162 $8,465 $3,715 $11,687
2008 $1,896 $8,191 $4,543 $11,657
2007 $1,548 $7,641 $3,129 $10,783
2006 $1,299 $7,079 $2,277 $10,223
2005 $1,106 $6,554 $1,762 $9,457
2004 $991 $6,207 $1,328 $9,290
2003 $1,031 $5,928 $818 $6,068
2002 $1,117 $5,753 $1,266 $9,682
2001 $1,295 $5,650 $1,436 $10,720
2000 $1,366 $5,452 $1,980 $10,628
1999 $1,268 $5,121 $1,560 $9,194
1998 $1,213 $4,869 $901 $7,964
1997 $1,146 $4,661 $936 $6,020
1996 $1,009 $4,434 $485 $5,034
1995 $916 $4,235 $619 $4,598
1994 $807 $4,048 $198.2 $4,560
1993 $740 $3,895 $53.7 $4,509
1992 $681 $3,784 $30.3 $3,547
1991 $623 $3,627 $23 $2,694
1990 $736 $3,566 $10,261 -
1989 $701 - $3,791 -
1988 $634 - $3,707 -
1987 $754 - $3,436 -
1986 $790 - $2,940 -
1985 $770 - $3,088 -
1984 $690 - $3,066 -
1983 $648 - $2,743 -
1982 $596 - $2,942 -
1981 $490 - $2,700 -
1980 $493 - $3,868 -
1979 $421 - $2,871 -
1978 $355 - $1,863 -
1977 $353 - $1,609 -
1976 $335 - $1,489 -
1975 $299.2 - $1,166 -
1974 $243.1 - $1,031 -
1973 $272.2 - $476 -
1972 $256.5 - $394 -
1971 $243 - $384 -
1970 $232.3 - $337 -
1969 $193 - $320 -
1968 $179.8 - $319 -
1967 $174.1 - $290.6 -
1966 $168.1 - $298.2 -
1965 $161.6 - $284.8 -
1964 $157.7 - $269.4 -
1963 $143.9 - $235.5 -
1962 $142.4 - $240.7 -
1961 $162.8 - $232.4 -
1960 $156.4 - $218.9 -

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

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

Egypt's GDP per capita is $3,086, ranking 143/197, compared to $5,410 in Iraq, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Iraq ranks 115th at $14,464.

Economic indicators

Egypt Iraq
Gross domestic product
$365B
2025
$254B
2025
GDP rank
43/197
2025
54/197
2025
GDP growth
4.39%
2024-2025
-2.16%
2024-2025
GDP per capita
$3,086
2025
$5,410
2025
GDP per capita rank
143/197
2025
119/197
2025
GDP per capita, PPP
$19,094
2024
$14,464
2024
GDP per capita PPP rank
99/197
2024
115/197
2024
Government debt
$317B
2025
$137B
2025
Debt-to-GDP ratio
86.8%
2025
53.9%
2025
Government debt per person
$2,679
2025
$2,917
2025
Government debt per person rank
110/185
2025
108/185
2025
Average annual personal income after taxes
$1,841
2026
$6,782
2026
Market capitalization of domestic companies
$62.9B
2025
n/a
Number of billionaires
5
2026
n/a
Income share by richest 10%
24.6%
2021
24.2%
2023
Income share by poorest 10%
4.2%
2021
3.7%
2023
Government expenditure, % of GDP
22.7%
2025
42.7%
2025
Consumer prices inflation
14.1%
2024-2025
0.3%
2024-2025
Central bank interest rate
19%
2026
n/a
Unemployment rate
5.95%
2024
16.2%
2021
Population
121012163
48531417

Spending and national debt comparison by year

Egypt
Spending

Debt
Iraq
Spending

Debt
1x
Year % of GDP
Egypt Iraq
Government spending Government debt Government spending Government debt
2025 22.7% 86.8% 42.7% 53.9%
2024 22.9% 90.9% 41.7% 45.2%
2023 22.7% 95.9% 41.2% 42.1%
2022 24.9% 88.5% 33.9% 39%
2021 25.5% 89.9% 36.3% 54.7%
2020 25.7% 86.2% 41.9% 72.5%
2019 26.9% 80.1% 34.7% 41.7%
2018 28.6% 87.9% 31.1% 44.4%
2017 30.6% 97.8% 35.5% 55.9%
2016 31% 91.6% 42.4% 60.3%
2015 31.3% 83.8% 43.5% 48.3%
2014 33.9% 80.9% 43.8% 27.6%
2013 32.9% 79.8% 48.2% 32%
2012 29.2% 69.9% 42.9% 34.8%
2011 30.5% 72.8% 43.4% 40.7%
2010 31.4% 69.6% 49.6% 53.5%
2009 32.5% 69.5% 61.1% 87.4%
2008 32.7% 66.8% 57.3% 74.2%
2007 31.3% 76.3% 44% 117.1%
2006 34.5% 85.9% 50.3% 143.2%
2005 30.3% 98.3% 63.2% 227.3%
2004 30.1% 96.5% 91.5% 344%
2003 30.6% 97.1% - -
2002 30.9% 85.8% - -
2001 27.9% 79.1% - -
2000 26% 71.7% - -
1999 26.3% 72.4% - -
1998 - 73.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08).

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

In 2025, Egypt's government spending was $82.8B, accounting for 22.7% of its GDP, while Iraq spent $109B, or 42.7% of GDP.

Debt-to-GDP ratio is 86.8% in Egypt and 53.9% in Iraq, ranking 33/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Iraq
1x
Year Deficit/surplus, % of GDP
Egypt Iraq
2025 -6.55% -6.41%
2024 -7.12% -3.45%
2023 -5.77% -1.14%
2022 -5.74% 8.1%
2021 -6.96% -0.38%
2020 -7.47% -12.8%
2019 -7.6% 0.83%
2018 -8.97% 7.69%
2017 -9.9% -1.52%
2016 -11.8% -14.4%
2015 -10.4% -12.8%
2014 -10.7% -5.63%
2013 -12.3% -6.06%
2012 -9.47% 4.09%
2011 -9.6% 4.74%
2010 -7.45% -4.18%
2009 -6.2% -14.9%
2008 -6.05% -0.86%
2007 -4.9% 9.98%
2006 -7.35% 10.7%
2005 -6.69% 4.07%
2004 -5.76% -35.4%
2003 -5.73% -
2002 -6.77% -
2001 -1.07% -
2000 1.32% -
1999 2.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08).

GeoRank.org/economy/egypt/iraq | 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 Iraq's deficit of $16.3B, or 6.41% of GDP.

Over the past 22 years, Egypt recorded a fiscal deficit in 22 of those years, while Iraq ran a deficit in 14 years. On average, Egypt posted an annual deficit equal to 7.94% of GDP, compared to deficit of 3.17% of GDP for Iraq.

Inflation comparison by year

Inflation
Egypt

Iraq
1x
Year Consumer prices inflation
Egypt Iraq
2025 14.1% 0.3%
2024 28.3% 2.61%
2023 33.9% 4.36%
2022 13.9% 4.99%
2021 5.21% 6.04%
2020 5.04% 0.57%
2019 9.15% -0.2%
2018 14.4% 0.37%
2017 29.5% 0.18%
2016 13.8% 0.56%
2015 10.4% 1.39%
2014 10.1% 2.24%
2013 9.47% 1.88%
2012 7.11% 6.09%
2011 10.1% 5.6%
2010 11.3% 2.43%
2009 11.8% 6.87%
2008 18.3% 12.7%
2007 9.32% -10.1%
2006 7.64% 53.2%
2005 4.87% 37%
2004 11.3% 27%
2003 4.51% 33.6%
2002 2.74% 19.3%
2001 2.27% 16.4%
2000 2.68% 4.98%
1999 3.08% 12.6%
1998 3.87% 14.8%
1997 4.63% 23.1%

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

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

Over the past 29 years, Egypt has recorded an average annual inflation rate of 10.8%, compared with 10% in Iraq. In 2025, inflation was 14.1% in Egypt and 0.3% in Iraq.

Top exports between countries

Egypt
Export category Export value
Processed food, beverages & tobacco $202M
Chemicals & pharma $200M
Machinery & equipment $196M
Raw agricultural goods $132M
Textiles & consumer goods $75.2M
Metals $49.4M
Miscellaneous $12.6M
Animal & marine products $6.87M
Raw materials & minerals $5.29M
Wood & paper products $3.31M
Iraq
Export category Export value
Raw agricultural goods $2.08M
Animal & marine products $583K

Balance of trade

Egypt Iraq
Current account balance
-$13.9B
2025
$8.37B
2024
Current account balance ranking
178/190
2025
27/190
2024
Current account balance, % of GDP
-3.82%
2025
+2.99%
2024
Goods imports
$85.5B
2025
$74.3B
2024
Goods exports
$42.4B
2025
$101B
2024
Service imports
$29.6B
2025
$30.2B
2024
Service exports
$34.1B
2025
$10.2B
2024
Imports of goods and services, % of GDP
31.5%
2025
37.4%
2024
Exports of goods and services, % of GDP
19.8%
2025
39.8%
2024

Economic freedom indices

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

Egypt Iraq
Economic freedom 50.3 15.6
Economic freedom ranking 160/197 196/197
Property rights 35.5 8.3
Government integrity 27.1 20.2
Judicial effectiveness 24 5.8
Tax burden 85.7 85.5
Government spending 83.4 65.3
Fiscal health 21.8 95.7
Business freedom 51.4 42.8
Labor freedom 43.1 60.6
Monetary freedom 56 68.6
Trade freedom 60.2 40
Investment freedom 65 10
Financial freedom 50 10

Economic freedom comparison by year

Egypt
Iraq
1x
Year Economic freedom index
Egypt Iraq
2026 50.3 -
2025 50.9 -
2024 49.7 -
2023 49.6 -
2022 49.1 -
2021 55.7 -
2020 54 -
2019 52.5 -
2018 53.4 -
2017 52.6 -
2016 56 -
2015 55.2 -
2014 52.9 -
2013 54.8 -
2012 57.9 -
2011 59.1 -
2010 59 -
2009 58 -
2008 58.5 -
2007 54.4 -
2006 53.2 -
2005 55.8 -
2004 55.5 -
2003 55.3 -
2002 54.1 15.6
2001 51.5 17.2
2000 51.7 17.2
1999 58 17.2
1998 55.8 17.2
1997 54.5 17.2
1996 52 17.2
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 15.6 for Iraq, ranking 196/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Iraq
Services, % of GDP
47.3%
2025
52.3%
2025
Industry, % of GDP
32.1%
2025
45.4%
2025
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
3.41%
2025
GNI, Atlas method
$386B
2025
$267B
2025
GNI per capita, PPP
$19,330
2025
$14,290
2025
Total reserves including gold
$48.9B
2025
$101B
2024
Total reserves ranking
49/177
2025
30/177
2024
Net foreign direct investment
-$14.8B
2025
$8.09B
2024
Net inflows of foreign direct investment
$46.6B
2024
-$7.65B
2024
Net outflows of foreign direct investment
$508M
2024
$439M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
1.22%
2024
Poverty at national poverty lines
33.5%
2021
17.5%
2023
Gross capital formation, % of GDP
12.9%
2025
19.1%
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/iraq | 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 (1998–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2014–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.