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Economy of Egypt vs Israel compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $540B for Israel, ranking 41/197 and 29/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $366B (67.6% of GDP) in Israel.

Egypt vs Israel GDP by year

Egypt
Israel
1x
Year GDP, current $
Egypt Israel
2024 $389,059,911,004 $540,379,921,262
2023 $395,926,075,163 $512,184,638,999
2022 $476,747,720,365 $525,181,008,026
2021 $424,671,765,456 $489,851,549,972
2020 $383,817,841,547 $410,768,352,658
2019 $318,678,815,490 $400,645,216,359
2018 $262,588,632,527 $376,299,083,108
2017 $248,362,771,739 $358,451,839,053
2016 $332,441,717,791 $321,940,971,558
2015 $329,366,576,819 $303,469,434,072
2014 $305,595,408,895 $315,017,088,117
2013 $288,434,108,527 $298,478,070,673
2012 $279,116,666,667 $263,589,172,712
2011 $235,989,672,978 $268,094,998,225
2010 $218,983,666,062 $239,679,036,634
2009 $189,147,005,445 $213,403,181,853
2008 $162,818,181,818 $221,231,658,863
2007 $130,437,828,371 $184,681,214,673
2006 $107,426,086,957 $158,900,547,825
2005 $89,660,339,660 $147,519,922,009
2004 $78,782,467,532 $140,047,984,605
2003 $80,288,461,538 $131,408,914,824
2002 $85,146,067,416 $125,332,331,884
2001 $96,684,636,119 $135,002,039,613
2000 $99,838,543,960 $136,512,300,542
1999 $90,710,704,807 $121,417,185,062
1998 $84,828,807,556 $120,547,409,279
1997 $78,436,578,171 $119,459,826,347
1996 $67,629,716,981 $115,116,595,545
1995 $60,159,245,060 $105,497,418,059
1994 $51,897,983,393 $90,740,103,829
1993 $46,578,631,453 $79,855,877,174
1992 $41,855,986,519 $79,457,685,757
1991 $37,387,836,491 $70,998,755,007
1990 $42,978,914,311 $62,016,729,541
1989 $39,756,299,050 $52,443,479,454
1988 $34,980,124,929 $52,650,948,910
1987 $40,455,616,654 $43,049,543,635
1986 $41,253,507,951 $35,834,154,874
1985 $39,053,502,251 $28,905,736,367
1984 $33,971,188,992 $30,645,607,293
1983 $30,966,239,814 $32,675,755,462
1982 $27,655,172,414 $29,255,285,401
1981 $22,136,081,081 $26,882,009,819
1980 $21,669,908,176 $25,395,256,478
1979 $18,020,571,429 $22,609,741,060
1978 $14,811,704,063 $17,701,286,907
1977 $14,400,806,876 $18,257,113,904
1976 $13,315,988,083 $15,956,349,550
1975 $11,632,178,869 $16,141,767,373
1974 $9,228,963,225 $17,172,607,138
1973 $10,098,534,613 $11,902,574,259
1972 $9,299,638,056 $9,222,557,539
1971 $8,609,283,346 $7,052,544,000
1970 $8,042,200,452 $7,406,712,876
1969 $6,524,455,206 $6,297,852,761
1968 $5,932,242,991 $5,458,427,928
1967 $5,605,484,299 $4,762,386,783
1966 $5,278,005,612 $4,703,300,098
1965 $4,948,667,540 $4,329,084,429
1964 $4,709,245,762 $4,024,344,853
1963 $4,187,146,232 $3,535,949,089
1962 $4,035,462,027 $2,966,154,031
1961 $4,494,575,611 $3,708,586,471
1960 $4,206,270,352 $3,070,585,807

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

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

GDP per capita in Egypt vs Israel by year

Egypt
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $54,177 $57,236
2023 $3,457 $18,525 $52,004 $55,171
2022 $4,233 $17,527 $54,950 $53,619
2021 $3,827 $15,579 $52,271 $46,162
2020 $3,511 $15,232 $44,576 $40,955
2019 $2,963 $13,364 $44,251 $41,325
2018 $2,485 $12,329 $42,363 $40,190
2017 $2,395 $11,125 $41,138 $39,471
2016 $3,271 $10,666 $37,672 $38,189
2015 $3,307 $10,903 $36,213 $35,871
2014 $3,133 $10,256 $38,343 $34,816
2013 $3,026 $10,511 $37,034 $34,827
2012 $2,996 $10,342 $33,321 $32,484
2011 $2,591 $8,988 $34,523 $31,314
2010 $2,455 $8,838 $31,439 $29,456
2009 $2,162 $8,465 $28,508 $28,087
2008 $1,896 $8,191 $30,269 $28,084
2007 $1,548 $7,641 $25,721 $28,307
2006 $1,299 $7,079 $22,527 $26,385
2005 $1,106 $6,554 $21,287 $25,701
2004 $991 $6,207 $20,568 $26,078
2003 $1,031 $5,928 $19,643 $24,702
2002 $1,117 $5,753 $19,076 $26,101
2001 $1,295 $5,650 $20,966 $25,806
2000 $1,366 $5,452 $21,707 $25,766
1999 $1,268 $5,121 $19,823 $23,415
1998 $1,213 $4,869 $20,189 $22,927
1997 $1,146 $4,661 $20,469 $22,279
1996 $1,009 $4,434 $20,224 $21,672
1995 $916 $4,235 $19,026 $20,642
1994 $807 $4,048 $16,807 $19,478
1993 $740 $3,895 $15,179 $18,218
1992 $681 $3,784 $15,510 $17,553
1991 $623 $3,627 $14,346 $16,486
1990 $736 $3,566 $13,308 $15,721
1989 $701 - $11,608 -
1988 $634 - $11,853 -
1987 $754 - $9,853 -
1986 $790 - $8,335 -
1985 $770 - $6,829 -
1984 $690 - $7,369 -
1983 $648 - $7,960 -
1982 $596 - $7,258 -
1981 $490 - $6,795 -
1980 $493 - $6,549 -
1979 $421 - $5,972 -
1978 $355 - $4,797 -
1977 $353 - $5,053 -
1976 $335 - $4,516 -
1975 $299.2 - $4,672 -
1974 $243.1 - $5,085 -
1973 $272.2 - $3,631 -
1972 $256.5 - $2,930 -
1971 $243 - $2,298 -
1970 $232.3 - $2,490 -
1969 $193 - $2,189 -
1968 $179.8 - $1,947 -
1967 $174.1 - $1,735 -
1966 $168.1 - $1,789 -
1965 $161.6 - $1,689 -
1964 $157.7 - $1,626 -
1963 $143.9 - $1,486 -
1962 $142.4 - $1,294 -
1961 $162.8 - $1,697 -
1960 $156.4 - $1,452 -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Israel ranks 36th at $57,236.

Economic indicators

Egypt Israel
Gross domestic product
$389B
2024
$540B
2024
GDP rank
41/197
2024
29/197
2024
GDP growth
2.4%
2023-2024
0.87%
2023-2024
GDP per capita
$3,338
2024
$54,177
2024
GDP per capita rank
138/197
2024
21/197
2024
GDP per capita, PPP
$19,094
2024
$57,236
2024
GDP per capita PPP rank
99/197
2024
36/197
2024
Government debt
$354B
2024
$366B
2024
Debt-to-GDP ratio
90.9%
2024
67.6%
2024
Government debt per person
$3,036
2024
$36,645
2024
Government debt per person rank
99/185
2024
18/185
2024
Average annual personal income after taxes
$1,948
2026
$43,003
2026
Market capitalization of domestic companies
$42.6B
2024
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires
5
2025
41
2025
Income share by richest 10%
24.6%
2021
26.6%
2021
Income share by poorest 10%
4.2%
2021
2%
2021
Government expenditure, % of GDP
22.9%
2024
43.8%
2024
Consumer prices inflation
28.3%
2023-2024
3.07%
2023-2024
Central bank interest rate
21%
2025
4.5%
2024
Unemployment rate
5.95%
2024
2.9%
2024
Population
120697176
10290887

Spending and national debt comparison by year

Egypt
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Egypt Israel
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 43.8% 67.6%
2023 22.7% 95.9% 39.3% 61.3%
2022 24.9% 88.5% 36.9% 60.3%
2021 25.5% 89.9% 40% 67.7%
2020 25.7% 86.2% 44.8% 71.1%
2019 26.9% 80.1% 38.7% 59.3%
2018 28.6% 87.9% 39.2% 60.1%
2017 30.6% 97.8% 38.3% 59.8%
2016 31% 91.6% 37.9% 61.7%
2015 31.3% 83.8% 37.6% 62.8%
2014 33.9% 80.9% 38.3% 64.9%
2013 32.9% 79.8% 39.7% 66%
2012 29.2% 69.9% 39.6% 66.9%
2011 30.5% 72.8% 39.3% 67.2%
2010 31.4% 69.6% 39.7% 69%
2009 32.5% 69.5% 41.4% 72.6%
2008 32.7% 66.8% 41.2% 70.2%
2007 31.3% 76.3% 40.2% 70.8%
2006 34.5% 85.9% 41.6% 77.7%
2005 30.3% 98.3% 42.3% 85.2%
2004 30.1% 96.5% 43% 88.3%
2003 30.6% 97.1% 45.4% 89.7%
2002 30.9% 85.8% 50% 87.2%
2001 27.9% 79.1% 46.1% 81.1%
2000 26% 71.7% 43.4% 77.2%
1999 26.3% 72.4% 53.6% 94.8%
1998 - 73.8% 55% 101%
1997 - - 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 67.6% in Israel, ranking 31/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Israel
1x
Year Deficit/surplus, % of GDP
Egypt Israel
2024 -7.12% -8.26%
2023 -5.77% -5.06%
2022 -5.74% 0.32%
2021 -6.96% -3.37%
2020 -7.47% -10.7%
2019 -7.6% -3.79%
2018 -8.97% -3.56%
2017 -9.9% -1.13%
2016 -11.8% -1.79%
2015 -10.4% -1.21%
2014 -10.7% -2.29%
2013 -12.3% -4.06%
2012 -9.47% -4.46%
2011 -9.6% -3.43%
2010 -7.45% -3.72%
2009 -6.2% -6.53%
2008 -6.05% -3.5%
2007 -4.9% -0.43%
2006 -7.35% -0.95%
2005 -6.69% -2.74%
2004 -5.76% -3.4%
2003 -5.73% -5.03%
2002 -6.77% -8.22%
2001 -1.07% -4.06%
2000 1.32% -0.8%
1999 2.14% -6.26%
1998 - -7.99%
1997 - -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/egypt/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Israel ran a deficit in 25 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 3.79% of GDP for Israel.

Inflation comparison by year

Inflation
Egypt

Israel
1x
Year Consumer prices inflation
Egypt Israel
2024 28.3% 3.07%
2023 33.9% 4.23%
2022 13.9% 4.41%
2021 5.21% 1.48%
2020 5.04% -0.58%
2019 9.15% 0.82%
2018 14.4% 0.81%
2017 29.5% 0.25%
2016 13.8% -0.54%
2015 10.4% -0.62%
2014 10.1% 0.47%
2013 9.47% 1.59%
2012 7.11% 1.68%
2011 10.1% 3.49%
2010 11.3% 2.7%
2009 11.8% 3.37%
2008 18.3% 4.53%
2007 9.32% 0.47%
2006 7.64% 2.05%
2005 4.87% 1.34%
2004 11.3% -0.42%
2003 4.51% 0.71%
2002 2.74% 5.8%
2001 2.27% 1.12%
2000 2.68% 1.03%
1999 3.08% 5.19%
1998 3.87% 5.49%
1997 4.63% 8.95%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 2.25% in Israel. In 2024, inflation was 28.3% in Egypt and 3.07% in Israel.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $110M
Machinery & equipment $53M
Chemicals & pharma $37.1M
Raw agricultural goods $23.4M
Processed food, beverages & tobacco $22M
Textiles & consumer goods $21.3M
Wood & paper products $10.7M
Metals $5.1M
Animal & marine products $1.3M
Miscellaneous $421K
Israel
Export category Export value
Chemicals & pharma $178M
Textiles & consumer goods $65.9M
Raw materials & minerals $38.3M
Machinery & equipment $16M
Wood & paper products $12.5M
Metals $4.73M
Raw agricultural goods $63K
Processed food, beverages & tobacco $54K
Miscellaneous $37K
Animal & marine products $13K

Balance of trade

Egypt Israel
Current account balance
-$22.3B
2024
$15.5B
2024
Current account balance ranking
184/190
2024
21/190
2024
Current account balance, % of GDP
-5.72%
2024
+2.86%
2024
Goods imports
$72.9B
2024
$96.3B
2024
Goods exports
$34.8B
2024
$70B
2024
Service imports
$27.5B
2024
$44.4B
2024
Service exports
$29.6B
2024
$83.7B
2024
Imports of goods and services, % of GDP
23.2%
2024
26%
2024
Exports of goods and services, % of GDP
16.4%
2024
28.4%
2024

Economic freedom indices

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

Egypt Israel
Economic freedom 50.3 68.4
Economic freedom ranking 160/197 47/197
Property rights 35.5 73.1
Government integrity 27.1 66.2
Judicial effectiveness 24 68.1
Tax burden 85.7 60.2
Government spending 83.4 52
Fiscal health 21.8 60.8
Business freedom 51.4 72.4
Labor freedom 43.1 56.8
Monetary freedom 56 78.2
Trade freedom 60.2 82.8
Investment freedom 65 70
Financial freedom 50 80

Economic freedom comparison by year

Egypt
Israel
1x
Year Economic freedom index
Egypt Israel
2026 50.3 68.4
2025 50.9 69.9
2024 49.7 70.1
2023 49.6 68.9
2022 49.1 68
2021 55.7 73.8
2020 54 74
2019 52.5 72.8
2018 53.4 72.2
2017 52.6 69.7
2016 56 70.7
2015 55.2 70.5
2014 52.9 68.4
2013 54.8 66.9
2012 57.9 67.8
2011 59.1 68.5
2010 59 67.7
2009 58 67.6
2008 58.5 66.3
2007 54.4 64.8
2006 53.2 64.4
2005 55.8 62.6
2004 55.5 61.4
2003 55.3 62.7
2002 54.1 66.9
2001 51.5 66.1
2000 51.7 65.5
1999 58 68.3
1998 55.8 68
1997 54.5 62.7
1996 52 62
1995 45.7 61.5

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Israel
Services, % of GDP
48.9%
2024
72.5%
2024
Industry, % of GDP
32.6%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
1.28%
2024
GNI, Atlas method
$409B
2024
$528B
2024
GNI per capita, PPP
$18,230
2024
$56,790
2024
Total reserves including gold
$44.9B
2024
$215B
2024
Total reserves ranking
44/177
2024
18/177
2024
Net foreign direct investment
-$46.1B
2024
-$4.86B
2024
Net inflows of foreign direct investment
$46.6B
2024
$14.8B
2024
Net outflows of foreign direct investment
$508M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
22%
2020
Gross capital formation, % of GDP
13%
2024
23.4%
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/israel | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.