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Economy of Egypt vs Kuwait compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $160B for Kuwait, ranking 41/197 and 59/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Egypt vs Kuwait GDP by year

Egypt
Kuwait
1x
Year GDP, current $
Egypt Kuwait
2024 $389,059,911,004 $160,227,273,053
2023 $395,926,075,163 $165,384,407,116
2022 $476,747,720,365 $183,502,046,694
2021 $424,671,765,456 $148,350,671,489
2020 $383,817,841,547 $111,045,470,606
2019 $318,678,815,490 $140,856,394,861
2018 $262,588,632,527 $138,646,316,351
2017 $248,362,771,739 $120,687,539,806
2016 $332,441,717,791 $109,406,674,125
2015 $329,366,576,819 $114,585,555,689
2014 $305,595,408,895 $162,650,450,685
2013 $288,434,108,527 $174,168,116,535
2012 $279,116,666,667 $174,047,662,680
2011 $235,989,672,978 $154,039,231,246
2010 $218,983,666,062 $115,416,245,242
2009 $189,147,005,445 $105,968,691,905
2008 $162,818,181,818 $147,379,737,230
2007 $130,437,828,371 $114,634,043,362
2006 $107,426,086,957 $101,557,330,723
2005 $89,660,339,660 $80,798,630,137
2004 $78,782,467,532 $59,439,090,601
2003 $80,288,461,538 $47,874,582,232
2002 $85,146,067,416 $38,135,788,414
2001 $96,684,636,119 $34,889,559,870
2000 $99,838,543,960 $37,718,743,480
1999 $90,710,704,807 $30,122,365,849
1998 $84,828,807,556 $25,943,705,784
1997 $78,436,578,171 $30,350,190,704
1996 $67,629,716,981 $31,492,373,309
1995 $60,159,245,060 $27,186,980,647
1994 $51,897,983,393 $24,848,483,838
1993 $46,578,631,453 $23,941,391,391
1992 $41,855,986,519 $19,858,555,215
1991 $37,387,836,491 $11,009,993,703
1990 $42,978,914,311 $18,427,777,778
1989 $39,756,299,050 $24,313,855,653
1988 $34,980,124,929 $20,690,322,153
1987 $40,455,616,654 $22,368,704,134
1986 $41,253,507,951 $17,903,989,745
1985 $39,053,502,251 $21,445,970,614
1984 $33,971,188,992 $21,700,082,753
1983 $30,966,239,814 $20,871,081,080
1982 $27,655,172,414 $21,577,153,356
1981 $22,136,081,081 $25,058,020,338
1980 $21,669,908,176 $28,638,868,356
1979 $18,020,571,429 $24,749,063,922
1978 $14,811,704,063 $15,503,557,496
1977 $14,400,806,876 $14,137,406,741
1976 $13,315,988,083 $13,132,252,802
1975 $11,632,178,869 $12,022,811,621
1974 $9,228,963,225 $13,006,948,296
1973 $10,098,534,613 $5,408,804,607
1972 $9,299,638,056 $4,450,537,925
1971 $8,609,283,346 $3,880,392,195
1970 $8,042,200,452 $2,873,638,851
1969 $6,524,455,206 $2,769,198,892
1968 $5,932,242,991 $2,662,798,935
1967 $5,605,484,299 $2,441,599,023
1966 $5,278,005,612 $2,391,199,044
1965 $4,948,667,540 $2,097,199,161
1964 $4,709,245,762 $2,071,668,533
1963 $4,187,146,232 $1,900,895,857
1962 $4,035,462,027 $1,828,107,503
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/kuwait | CC BY

GDP per capita in Egypt vs Kuwait by year

Egypt
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $32,718 $52,444
2023 $3,457 $18,525 $34,076 $53,025
2022 $4,233 $17,527 $39,982 $55,043
2021 $3,827 $15,579 $34,019 $50,652
2020 $3,511 $15,232 $25,236 $41,462
2019 $2,963 $13,364 $31,708 $50,703
2018 $2,485 $12,329 $32,068 $51,371
2017 $2,395 $11,125 $29,048 $46,566
2016 $3,271 $10,666 $27,324 $41,862
2015 $3,307 $10,903 $29,882 $45,267
2014 $3,133 $10,256 $44,369 $68,337
2013 $3,026 $10,511 $49,651 $76,813
2012 $2,996 $10,342 $52,155 $82,090
2011 $2,591 $8,988 $49,170 $79,037
2010 $2,455 $8,838 $39,212 $75,184
2009 $2,162 $8,465 $37,907 $80,110
2008 $1,896 $8,191 $55,585 $90,337
2007 $1,548 $7,641 $45,709 $91,435
2006 $1,299 $7,079 $42,947 $89,075
2005 $1,106 $6,554 $36,123 $84,968
2004 $991 $6,207 $27,552 $77,227
2003 $1,031 $5,928 $22,691 $69,752
2002 $1,117 $5,753 $18,513 $59,713
2001 $1,295 $5,650 $17,374 $58,553
2000 $1,366 $5,452 $19,296 $58,703
1999 $1,268 $5,121 $15,854 $56,406
1998 $1,213 $4,869 $14,067 $58,344
1997 $1,146 $4,661 $16,977 $57,420
1996 $1,009 $4,434 $18,201 $56,913
1995 $916 $4,235 $16,168 $57,163
1994 $807 $4,048 $14,930 $53,946
1993 $740 $3,895 $14,318 $48,482
1992 $681 $3,784 $12,146 $36,149
1991 $623 $3,627 $8,147 $23,390
1990 $736 $3,566 $10,938 $30,763
1989 $701 - $10,965 -
1988 $634 - $9,692 -
1987 $754 - $10,896 -
1986 $790 - $9,077 -
1985 $770 - $11,322 -
1984 $690 - $11,919 -
1983 $648 - $11,965 -
1982 $596 - $12,979 -
1981 $490 - $15,825 -
1980 $493 - $19,032 -
1979 $421 - $17,386 -
1978 $355 - $11,567 -
1977 $353 - $11,238 -
1976 $335 - $11,141 -
1975 $299.2 - $10,882 -
1974 $243.1 - $12,527 -
1973 $272.2 - $5,532 -
1972 $256.5 - $4,836 -
1971 $243 - $4,486 -
1970 $232.3 - $3,552 -
1969 $193 - $3,695 -
1968 $179.8 - $3,872 -
1967 $174.1 - $3,887 -
1966 $168.1 - $4,176 -
1965 $161.6 - $4,024 -
1964 $157.7 - $4,379 -
1963 $143.9 - $4,445 -
1962 $142.4 - $4,748 -
1961 $162.8 - - -
1960 $156.4 - - -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Kuwait ranks 40th at $52,444.

Economic indicators

Egypt Kuwait
Gross domestic product
$389B
2024
$160B
2024
GDP rank
41/197
2024
59/197
2024
GDP growth
2.4%
2023-2024
-2.56%
2023-2024
GDP per capita
$3,338
2024
$32,718
2024
GDP per capita rank
138/197
2024
37/197
2024
GDP per capita, PPP
$19,094
2024
$52,444
2024
GDP per capita PPP rank
99/197
2024
40/197
2024
Government debt
$354B
2024
$4.68B
2024
Debt-to-GDP ratio
90.9%
2024
2.92%
2024
Government debt per person
$3,036
2024
$956
2024
Government debt per person rank
99/185
2024
143/185
2024
Average annual personal income after taxes
$1,948
2026
$23,828
2026
Market capitalization of domestic companies
$42.6B
2024
$141B
2024
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
n/a
Income share by poorest 10%
4.2%
2021
n/a
Government expenditure, % of GDP
22.9%
2024
50.4%
2024
Consumer prices inflation
28.3%
2023-2024
2.9%
2023-2024
Central bank interest rate
21%
2025
3.5%
2025
Unemployment rate
5.95%
2024
2.16%
2016
Population
120697176
5100145

Spending and national debt comparison by year

Egypt
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Egypt Kuwait
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 50.4% 2.92%
2023 22.7% 95.9% 48.3% 3.13%
2022 24.9% 88.5% 39.6% 2.95%
2021 25.5% 89.9% 48.3% 7.2%
2020 25.7% 86.2% 62.9% 10.2%
2019 26.9% 80.1% 50.3% 10.5%
2018 28.6% 87.9% 51.1% 14.3%
2017 30.6% 97.8% 51.9% 19.6%
2016 31% 91.6% 54.1% 9.88%
2015 31.3% 83.8% 55.4% 4.6%
2014 33.9% 80.9% 45% 3.43%
2013 32.9% 79.8% 38.4% 3.09%
2012 29.2% 69.9% 38.2% 3.6%
2011 30.5% 72.8% 39.7% 4.64%
2010 31.4% 69.6% 45.5% 6.16%
2009 32.5% 69.5% 42.9% 6.65%
2008 32.7% 66.8% 40.9% 5.38%
2007 31.3% 76.3% 30.4% 7.05%
2006 34.5% 85.9% 32.3% 7.79%
2005 30.3% 98.3% 28.8% 10.2%
2004 30.1% 96.5% 35.3% 13.9%
2003 30.6% 97.1% 38.2% 17.2%
2002 30.9% 85.8% 42.8% 21.3%
2001 27.9% 79.1% 41.4% 23%
2000 26% 71.7% 29.9% 21.4%
1999 26.3% 72.4% 44.5% 25.5%
1998 - 73.8% 51.7% 25.6%
1997 - - 43.8% 24.3%
1996 - - 42.8% 26.5%
1995 - - 52% 34.9%
1994 - - 57.8% 37.7%
1993 - - 58.2% 28.8%
1992 - - 77.6% 27.9%
1991 - - 208.9% 45.3%
1990 - - 122.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 2.92% in Kuwait, ranking 31/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Kuwait
1x
Year Deficit/surplus, % of GDP
Egypt Kuwait
2024 -7.12% 23.8%
2023 -5.77% 28.2%
2022 -5.74% 30%
2021 -6.96% 9.98%
2020 -7.47% 0.14%
2019 -7.6% 13%
2018 -8.97% 17.5%
2017 -9.9% 15.3%
2016 -11.8% 13.1%
2015 -10.4% 16.6%
2014 -10.7% 30%
2013 -12.3% 40.6%
2012 -9.47% 40.7%
2011 -9.6% 38.8%
2010 -7.45% 31.9%
2009 -6.2% 31.3%
2008 -6.05% 21.3%
2007 -4.9% 37.1%
2006 -7.35% 28%
2005 -6.69% 38.9%
2004 -5.76% 32.5%
2003 -5.73% 27.2%
2002 -6.77% 31%
2001 -1.07% 45.2%
2000 1.32% 52.5%
1999 2.14% 28.2%
1998 - 19.5%
1997 - 29.5%
1996 - 24.3%
1995 - 11.7%
1994 - 1.76%
1993 - -3.12%
1992 - -28.1%
1991 - -145%
1990 - -50%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/egypt/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Kuwait ran a deficit in 0 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to surplus of 27.8% of GDP for Kuwait.

Inflation comparison by year

Inflation
Egypt

Kuwait
1x
Year Consumer prices inflation
Egypt Kuwait
2024 28.3% 2.9%
2023 33.9% 3.64%
2022 13.9% 3.98%
2021 5.21% 3.42%
2020 5.04% 2.1%
2019 9.15% 1.09%
2018 14.4% 0.54%
2017 29.5% 2.17%
2016 13.8% 3.2%
2015 10.4% 3.27%
2014 10.1% 2.91%
2013 9.47% 2.68%
2012 7.11% 3.26%
2011 10.1% 4.84%
2010 11.3% 4.5%
2009 11.8% 4.61%
2008 18.3% 10.6%
2007 9.32% 5.48%
2006 7.64% 3.06%
2005 4.87% 4.14%
2004 11.3% 1.25%
2003 4.51% 0.96%
2002 2.74% 0.89%
2001 2.27% 1.3%
2000 2.68% 1.81%
1999 3.08% 2.99%
1998 3.87% 0.13%
1997 4.63% 0.68%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 2.94% in Kuwait. In 2024, inflation was 28.3% in Egypt and 2.9% in Kuwait.

Top exports between countries

Egypt
Export category Export value
Raw agricultural goods $77.5M
Processed food, beverages & tobacco $60.4M
Chemicals & pharma $34.3M
Textiles & consumer goods $33.8M
Animal & marine products $22M
Raw materials & minerals $16M
Machinery & equipment $15.1M
Miscellaneous $5.7M
Metals $4.73M
Wood & paper products $3.13M
Kuwait
Export category Export value
Machinery & equipment $127M
Miscellaneous $5.99M
Textiles & consumer goods $2.21M
Chemicals & pharma $2.07M
Precious metals & jewellery $1.97M
Metals $1.4M
Processed food, beverages & tobacco $1.37M
Raw materials & minerals $447K
Animal & marine products $323K
Wood & paper products $247K

Balance of trade

Egypt Kuwait
Current account balance
-$22.3B
2024
$46.7B
2024
Current account balance ranking
184/190
2024
15/190
2024
Current account balance, % of GDP
-5.72%
2024
+29.1%
2024
Goods imports
$72.9B
2024
$33.4B
2024
Goods exports
$34.8B
2024
$77.5B
2024
Service imports
$27.5B
2024
$28.1B
2024
Service exports
$29.6B
2024
$12.2B
2024
Imports of goods and services, % of GDP
23.2%
2024
38.3%
2023
Exports of goods and services, % of GDP
16.4%
2024
57.7%
2023

Economic freedom indices

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

Egypt Kuwait
Economic freedom 50.3 59.9
Economic freedom ranking 160/197 100/197
Property rights 35.5 42
Government integrity 27.1 47.9
Judicial effectiveness 24 43.4
Tax burden 85.7 97.7
Government spending 83.4 36.2
Fiscal health 21.8 99.9
Business freedom 51.4 57.4
Labor freedom 43.1 49.2
Monetary freedom 56 68.7
Trade freedom 60.2 75.8
Investment freedom 65 50
Financial freedom 50 50

Economic freedom comparison by year

Egypt
Kuwait
1x
Year Economic freedom index
Egypt Kuwait
2026 50.3 59.9
2025 50.9 59.9
2024 49.7 58.5
2023 49.6 56.7
2022 49.1 58.3
2021 55.7 64.1
2020 54 63.2
2019 52.5 60.8
2018 53.4 62.2
2017 52.6 65.1
2016 56 62.7
2015 55.2 62.5
2014 52.9 62.3
2013 54.8 63.1
2012 57.9 62.5
2011 59.1 64.9
2010 59 67.7
2009 58 65.6
2008 58.5 68.1
2007 54.4 66.4
2006 53.2 66.5
2005 55.8 64.6
2004 55.5 63.6
2003 55.3 66.7
2002 54.1 65.4
2001 51.5 68.2
2000 51.7 69.7
1999 58 69.5
1998 55.8 66.3
1997 54.5 64.8
1996 52 66.1
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Kuwait
Services, % of GDP
48.9%
2024
55.9%
2024
Industry, % of GDP
32.6%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
0.49%
2024
GNI, Atlas method
$409B
2024
$200B
2024
GNI per capita, PPP
$18,230
2024
$63,270
2024
Total reserves including gold
$44.9B
2024
$50.7B
2024
Total reserves ranking
44/177
2024
41/177
2024
Net foreign direct investment
-$46.1B
2024
$9.71B
2024
Net inflows of foreign direct investment
$46.6B
2024
$615M
2024
Net outflows of foreign direct investment
$508M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
n/a
Gross capital formation, % of GDP
13%
2024
17.7%
2023

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/kuwait | 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 (1990–2024, 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 (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.