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Economy of Egypt vs Liberia compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $4.78B for Liberia, ranking 41/197 and 163/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $2.73B (57.2% of GDP) in Liberia.

Egypt vs Liberia GDP by year

Egypt
Liberia
1x
Year GDP, current $
Egypt Liberia
2024 $389,059,911,004 $4,779,300,900
2023 $395,926,075,163 $4,390,000,000
2022 $476,747,720,365 $4,001,047,000
2021 $424,671,765,456 $3,513,049,500
2020 $383,817,841,547 $3,176,126,300
2019 $318,678,815,490 $3,319,596,500
2018 $262,588,632,527 $3,422,754,800
2017 $248,362,771,739 $3,390,703,400
2016 $332,441,717,791 $3,398,419,600
2015 $329,366,576,819 $3,227,075,700
2014 $305,595,408,895 $3,225,652,000
2013 $288,434,108,527 $3,177,198,100
2012 $279,116,666,667 $2,791,614,000
2011 $235,989,672,978 $2,398,000,000
2010 $218,983,666,062 $1,998,000,000
2009 $189,147,005,445 $1,768,000,000
2008 $162,818,181,818 $1,726,000,000
2007 $130,437,828,371 $1,373,000,000
2006 $107,426,086,957 $1,119,000,000
2005 $89,660,339,660 $949,000,000
2004 $78,782,467,532 $897,000,000
2003 $80,288,461,538 $748,000,000
2002 $85,146,067,416 $927,000,000
2001 $96,684,636,119 $906,000,000
2000 $99,838,543,960 $874,000,000
1999 $90,710,704,807 $441,800,000
1998 $84,828,807,556 $359,600,000
1997 $78,436,578,171 $295,900,000
1996 $67,629,716,981 $159,400,000
1995 $60,159,245,060 $134,800,000
1994 $51,897,983,393 $132,200,000
1993 $46,578,631,453 $160,400,000
1992 $41,855,986,519 $223,500,000
1991 $37,387,836,491 $348,000,000
1990 $42,978,914,311 $384,400,000
1989 $39,756,299,050 $786,300,000
1988 $34,980,124,929 $1,038,300,000
1987 $40,455,616,654 $972,800,000
1986 $41,253,507,951 $840,964,400
1985 $39,053,502,251 $851,296,100
1984 $33,971,188,992 $848,478,300
1983 $30,966,239,814 $823,374,900
1982 $27,655,172,414 $863,933,200
1981 $22,136,081,081 $846,514,500
1980 $21,669,908,176 $854,711,500
1979 $18,020,571,429 $814,067,900
1978 $14,811,704,063 $717,240,400
1977 $14,400,806,876 $673,010,600
1976 $13,315,988,083 $596,675,700
1975 $11,632,178,869 $577,549,300
1974 $9,228,963,225 $486,955,000
1973 $10,098,534,613 $386,968,300
1972 $9,299,638,056 $368,098,000
1971 $8,609,283,346 $341,543,100
1970 $8,042,200,452 $323,099,700
1969 $6,524,455,206 $306,961,800
1968 $5,932,242,991 $276,820,700
1967 $5,605,484,299 $261,024,300
1966 $5,278,005,612 $244,459,500
1965 $4,948,667,540 $229,260,800
1964 $4,709,245,762 $218,929,100
1963 $4,187,146,232 $200,229,600
1962 $4,035,462,027 $191,861,800
1961 $4,494,575,611 $183,920,900
1960 $4,206,270,352 $190,495,600

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

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

GDP per capita in Egypt vs Liberia by year

Egypt
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $851 $1,871
2023 $3,457 $18,525 $799 $1,795
2022 $4,233 $17,527 $745 $1,692
2021 $3,827 $15,579 $668 $1,539
2020 $3,511 $15,232 $617 $1,660
2019 $2,963 $13,364 $658 $1,900
2018 $2,485 $12,329 $692 $1,800
2017 $2,395 $11,125 $699 $1,665
2016 $3,271 $10,666 $715 $1,490
2015 $3,307 $10,903 $693 $1,340
2014 $3,133 $10,256 $707 $1,419
2013 $3,026 $10,511 $711 $1,360
2012 $2,996 $10,342 $638 $1,157
2011 $2,591 $8,988 $568 $1,041
2010 $2,455 $8,838 $492 $980
2009 $2,162 $8,465 $448 $939
2008 $1,896 $8,191 $452 $915
2007 $1,548 $7,641 $374 $873
2006 $1,299 $7,079 $321 $815
2005 $1,106 $6,554 $287.5 $774
2004 $991 $6,207 $284.1 $745
2003 $1,031 $5,928 $239.8 $716
2002 $1,117 $5,753 $299.5 $1,013
2001 $1,295 $5,650 $300 $987
2000 $1,366 $5,452 $298.5 $965
1999 $1,268 $5,121 $156.6 $762
1998 $1,213 $4,869 $134.7 $652
1997 $1,146 $4,661 $122.6 $548
1996 $1,009 $4,434 $71.4 $282.2
1995 $916 $4,235 $62.1 $254.4
1994 $807 $4,048 $61.5 $262.6
1993 $740 $3,895 $74.4 $328
1992 $681 $3,784 $107.8 $497
1991 $623 $3,627 $177.9 $793
1990 $736 $3,566 $172.9 $787
1989 $701 - $312 -
1988 $634 - $424 -
1987 $754 - $409 -
1986 $790 - $364 -
1985 $770 - $380 -
1984 $690 - $390 -
1983 $648 - $391 -
1982 $596 - $422 -
1981 $490 - $426 -
1980 $493 - $443 -
1979 $421 - $435 -
1978 $355 - $394 -
1977 $353 - $381 -
1976 $335 - $347 -
1975 $299.2 - $346 -
1974 $243.1 - $299.4 -
1973 $272.2 - $244.4 -
1972 $256.5 - $238.6 -
1971 $243 - $227.1 -
1970 $232.3 - $220.3 -
1969 $193 - $214.7 -
1968 $179.8 - $198.6 -
1967 $174.1 - $192.2 -
1966 $168.1 - $184.6 -
1965 $161.6 - $177.6 -
1964 $157.7 - $173.9 -
1963 $143.9 - $163.1 -
1962 $142.4 - $160.3 -
1961 $162.8 - $157.5 -
1960 $156.4 - $167.2 -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $851 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Liberia ranks 188th at $1,871.

Economic indicators

Egypt Liberia
Gross domestic product
$389B
2024
$4.78B
2024
GDP rank
41/197
2024
163/197
2024
GDP growth
2.4%
2023-2024
4.02%
2023-2024
GDP per capita
$3,338
2024
$851
2024
GDP per capita rank
138/197
2024
184/197
2024
GDP per capita, PPP
$19,094
2024
$1,871
2024
GDP per capita PPP rank
99/197
2024
188/197
2024
Government debt
$354B
2024
$2.73B
2024
Debt-to-GDP ratio
90.9%
2024
57.2%
2024
Government debt per person
$3,036
2024
$487
2024
Government debt per person rank
99/185
2024
167/185
2024
Average annual personal income after taxes
$1,948
2026
$1,191
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
27.1%
2016
Income share by poorest 10%
4.2%
2021
2.9%
2016
Government expenditure, % of GDP
22.9%
2024
24.3%
2024
Consumer prices inflation
28.3%
2023-2024
8.2%
2023-2024
Central bank interest rate
21%
2025
n/a
Unemployment rate
5.95%
2024
5.93%
2017
Population
120697176
5887000

Spending and national debt comparison by year

Egypt
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Egypt Liberia
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 24.3% 57.2%
2023 22.7% 95.9% 27.1% 57.8%
2022 24.9% 88.5% 26.9% 54.3%
2021 25.5% 89.9% 29.8% 53.3%
2020 25.7% 86.2% 35.3% 58.7%
2019 26.9% 80.1% 32.3% 48.6%
2018 28.6% 87.9% 32.7% 37.1%
2017 30.6% 97.8% 35.1% 31.8%
2016 31% 91.6% 35.8% 28.6%
2015 31.3% 83.8% 37.1% 24.8%
2014 33.9% 80.9% 33.4% 24.3%
2013 32.9% 79.8% 27.4% 20.6%
2012 29.2% 69.9% 30.8% 20.5%
2011 30.5% 72.8% 30.1% 22.7%
2010 31.4% 69.6% 25.2% 25.6%
2009 32.5% 69.5% 23.7% 130.9%
2008 32.7% 66.8% 21.6% 233.1%
2007 31.3% 76.3% 17.2% 394%
2006 34.5% 85.9% 11.1% 472%
2005 30.3% 98.3% 12.8% 535%
2004 30.1% 96.5% 12.1% 543%
2003 30.6% 97.1% 9.85% 658%
2002 30.9% 85.8% 13.2% 481%
2001 27.9% 79.1% 12.6% 484%
2000 26% 71.7% 15.2% 489%
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/liberia | CC BY

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Liberia spent $1.16B, or 24.3% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 57.2% in Liberia, ranking 31/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Liberia
1x
Year Deficit/surplus, % of GDP
Egypt Liberia
2024 -7.12% -1.98%
2023 -5.77% -7.03%
2022 -5.74% -5.33%
2021 -6.96% -2.5%
2020 -7.47% -4.02%
2019 -7.6% -4.92%
2018 -8.97% -4.7%
2017 -9.9% -7.14%
2016 -11.8% -3.83%
2015 -10.4% -3.74%
2014 -10.7% -4.92%
2013 -12.3% 1.29%
2012 -9.47% -2.86%
2011 -9.6% -4.43%
2010 -7.45% 1.17%
2009 -6.2% -1.39%
2008 -6.05% -2.68%
2007 -4.9% 2.44%
2006 -7.35% 4.42%
2005 -6.69% -0.55%
2004 -5.76% -0.56%
2003 -5.73% 0.39%
2002 -6.77% -1.63%
2001 -1.07% -0.98%
2000 1.32% -0.08%
1999 2.14% -

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

GeoRank.org/economy/egypt/liberia | 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 Liberia's deficit of $94.6M, or 1.98% of GDP.

Over the past 25 years, Egypt recorded a fiscal deficit in 24 of those years, while Liberia ran a deficit in 20 years. On average, Egypt posted an annual deficit equal to 7.22% of GDP, compared to deficit of 2.22% of GDP for Liberia.

Inflation comparison by year

Inflation
Egypt

Liberia
1x
Year Consumer prices inflation
Egypt Liberia
2024 28.3% 8.2%
2023 33.9% 10.1%
2022 13.9% 7.6%
2021 5.21% 7.8%
2020 5.04% 17%
2019 9.15% 27%
2018 14.4% 23.5%
2017 29.5% 12.4%
2016 13.8% 8.8%
2015 10.4% 7.7%
2014 10.1% 9.9%
2013 9.47% 7.6%
2012 7.11% 6.8%
2011 10.1% 8.5%
2010 11.3% 7.3%
2009 11.8% 7.4%
2008 18.3% 17.5%
2007 9.32% 11.4%
2006 7.64% 9.5%
2005 4.87% 6.9%
2004 11.3% 3.6%
2003 4.51% 10.3%
2002 2.74% 14.2%
2001 2.27% 12.1%
2000 2.68% 5.3%
1999 3.08% 2%
1998 3.87% -
1997 4.63% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1999–2024, retrieved 2026-02-20).

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

Over the past 26 years, Egypt has recorded an average annual inflation rate of 11.2%, compared with 10.4% in Liberia. In 2024, inflation was 28.3% in Egypt and 8.2% in Liberia.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $16M
Chemicals & pharma $3.62M
Processed food, beverages & tobacco $1.2M
Wood & paper products $917K
Machinery & equipment $781K
Raw agricultural goods $751K
Metals $312K
Textiles & consumer goods $207K
Animal & marine products $113K
Miscellaneous $53K
Liberia
Export category Export value

Balance of trade

Egypt Liberia
Current account balance
-$22.3B
2024
$64.8M
2022
Current account balance ranking
184/190
2024
73/190
2022
Current account balance, % of GDP
-5.72%
2024
+1.62%
2022
Goods imports
$72.9B
2024
$1.53B
2022
Goods exports
$34.8B
2024
$1.03B
2022
Service imports
$27.5B
2024
$434M
2022
Service exports
$29.6B
2024
$192M
2022
Imports of goods and services, % of GDP
23.2%
2024
n/a
Exports of goods and services, % of GDP
16.4%
2024
28.5%
2025

Economic freedom indices

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

Egypt Liberia
Economic freedom 50.3 49.8
Economic freedom ranking 160/197 163/197
Property rights 35.5 40.4
Government integrity 27.1 25.8
Judicial effectiveness 24 23.4
Tax burden 85.7 86.1
Government spending 83.4 79.5
Fiscal health 21.8 56.9
Business freedom 51.4 38
Labor freedom 43.1 43.4
Monetary freedom 56 71.4
Trade freedom 60.2 57.4
Investment freedom 65 55
Financial freedom 50 20

Economic freedom comparison by year

Egypt
Liberia
1x
Year Economic freedom index
Egypt Liberia
2026 50.3 49.8
2025 50.9 48.5
2024 49.7 49.9
2023 49.6 49.6
2022 49.1 47.9
2021 55.7 49.2
2020 54 49
2019 52.5 49.7
2018 53.4 50.9
2017 52.6 49.1
2016 56 52.2
2015 55.2 52.7
2014 52.9 52.4
2013 54.8 49.3
2012 57.9 48.6
2011 59.1 46.5
2010 59 46.2
2009 58 48.1
2008 58.5 -
2007 54.4 -
2006 53.2 -
2005 55.8 -
2004 55.5 -
2003 55.3 -
2002 54.1 -
2001 51.5 -
2000 51.7 -
1999 58 -
1998 55.8 -
1997 54.5 -
1996 52 -
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Liberia
Services, % of GDP
48.9%
2024
41.9%
2024
Industry, % of GDP
32.6%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
33.8%
2024
GNI, Atlas method
$409B
2024
$4.28B
2024
GNI per capita, PPP
$18,230
2024
$1,750
2024
Total reserves including gold
$44.9B
2024
$600M
2022
Total reserves ranking
44/177
2024
153/177
2022
Net foreign direct investment
-$46.1B
2024
-$960M
2022
Net inflows of foreign direct investment
$46.6B
2024
$472M
2024
Net outflows of foreign direct investment
$508M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
3.09%
2024
Poverty at national poverty lines
33.5%
2021
50.9%
2016
Gross capital formation, % of GDP
13%
2024
n/a

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/liberia | 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.