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Economy of Egypt vs Mongolia compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $23.8B for Mongolia, ranking 41/197 and 121/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $10.5B (44.1% of GDP) in Mongolia.

Egypt vs Mongolia GDP by year

Egypt
Mongolia
1x
Year GDP, current $
Egypt Mongolia
2024 $389,059,911,004 $23,794,540,025
2023 $395,926,075,163 $20,325,121,394
2022 $476,747,720,365 $17,146,471,714
2021 $424,671,765,456 $15,286,441,738
2020 $383,817,841,547 $13,312,981,429
2019 $318,678,815,490 $14,206,359,018
2018 $262,588,632,527 $13,178,094,720
2017 $248,362,771,739 $11,480,847,741
2016 $332,441,717,791 $11,181,350,649
2015 $329,366,576,819 $11,619,892,591
2014 $305,595,408,895 $12,226,514,668
2013 $288,434,108,527 $12,582,122,604
2012 $279,116,666,667 $12,292,770,632
2011 $235,989,672,978 $10,409,797,378
2010 $218,983,666,062 $7,189,481,999
2009 $189,147,005,445 $4,583,850,368
2008 $162,818,181,818 $5,623,216,608
2007 $130,437,828,371 $4,234,999,704
2006 $107,426,086,957 $3,414,055,662
2005 $89,660,339,660 $2,523,471,601
2004 $78,782,467,532 $1,992,066,808
2003 $80,288,461,538 $1,595,297,356
2002 $85,146,067,416 $1,396,555,720
2001 $96,684,636,119 $1,267,997,934
2000 $99,838,543,960 $1,136,896,124
1999 $90,710,704,807 $1,057,408,589
1998 $84,828,807,556 $1,124,440,205
1997 $78,436,578,171 $1,180,934,203
1996 $67,629,716,981 $1,345,719,472
1995 $60,159,245,060 $1,452,165,005
1994 $51,897,983,393 $925,817,092
1993 $46,578,631,453 $768,401,634
1992 $41,855,986,519 $1,317,611,864
1991 $37,387,836,491 $2,379,018,326
1990 $42,978,914,311 $2,560,785,660
1989 $39,756,299,050 $3,576,966,800
1988 $34,980,124,929 $3,204,461,567
1987 $40,455,616,654 $3,020,611,600
1986 $41,253,507,951 $2,896,178,867
1985 $39,053,502,251 $2,186,505,475
1984 $33,971,188,992 $2,098,734,600
1983 $30,966,239,814 $2,725,736,633
1982 $27,655,172,414 $2,552,401,933
1981 $22,136,081,081 $2,310,099,100
1980 $21,669,908,176 $2,101,394,100
1979 $18,020,571,429 -
1978 $14,811,704,063 -
1977 $14,400,806,876 -
1976 $13,315,988,083 -
1975 $11,632,178,869 -
1974 $9,228,963,225 -
1973 $10,098,534,613 -
1972 $9,299,638,056 -
1971 $8,609,283,346 -
1970 $8,042,200,452 -
1969 $6,524,455,206 -
1968 $5,932,242,991 -
1967 $5,605,484,299 -
1966 $5,278,005,612 -
1965 $4,948,667,540 -
1964 $4,709,245,762 -
1963 $4,187,146,232 -
1962 $4,035,462,027 -
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/mongolia | CC BY

GDP per capita in Egypt vs Mongolia by year

Egypt
GDP per capita

GDP per capita, PPP
Mongolia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Mongolia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $6,751 $19,145
2023 $3,457 $18,525 $5,839 $18,005
2022 $4,233 $17,527 $4,994 $16,402
2021 $3,827 $15,579 $4,518 $14,792
2020 $3,511 $15,232 $4,001 $13,693
2019 $2,963 $13,364 $4,348 $13,605
2018 $2,485 $12,329 $4,108 $12,317
2017 $2,395 $11,125 $3,646 $11,096
2016 $3,271 $10,666 $3,620 $10,511
2015 $3,307 $10,903 $3,839 $10,458
2014 $3,133 $10,256 $4,126 $10,900
2013 $3,026 $10,511 $4,340 $10,442
2012 $2,996 $10,342 $4,329 $10,152
2011 $2,591 $8,988 $3,736 $8,862
2010 $2,455 $8,838 $2,625 $7,532
2009 $2,162 $8,465 $1,703 $7,119
2008 $1,896 $8,191 $2,127 $7,297
2007 $1,548 $7,641 $1,628 $6,678
2006 $1,299 $7,079 $1,330 $5,977
2005 $1,106 $6,554 $995 $5,406
2004 $991 $6,207 $794 $4,942
2003 $1,031 $5,928 $643 $4,399
2002 $1,117 $5,753 $570 $4,083
2001 $1,295 $5,650 $524 $3,889
2000 $1,366 $5,452 $476 $3,740
1999 $1,268 $5,121 $449 $3,664
1998 $1,213 $4,869 $484 $3,555
1997 $1,146 $4,661 $515 $3,449
1996 $1,009 $4,434 $596 $3,310
1995 $916 $4,235 $653 $3,229
1994 $807 $4,048 $423 $3,021
1993 $740 $3,895 $355 $2,929
1992 $681 $3,784 $608 $2,951
1991 $623 $3,627 $1,099 $3,183
1990 $736 $3,566 $1,220 $3,479
1989 $701 - $1,684 -
1988 $634 - $1,543 -
1987 $754 - $1,493 -
1986 $790 - $1,469 -
1985 $770 - $1,138 -
1984 $690 - $1,120 -
1983 $648 - $1,490 -
1982 $596 - $1,430 -
1981 $490 - $1,325 -
1980 $493 - $1,235 -
1979 $421 - - -
1978 $355 - - -
1977 $353 - - -
1976 $335 - - -
1975 $299.2 - - -
1974 $243.1 - - -
1973 $272.2 - - -
1972 $256.5 - - -
1971 $243 - - -
1970 $232.3 - - -
1969 $193 - - -
1968 $179.8 - - -
1967 $174.1 - - -
1966 $168.1 - - -
1965 $161.6 - - -
1964 $157.7 - - -
1963 $143.9 - - -
1962 $142.4 - - -
1961 $162.8 - - -
1960 $156.4 - - -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $6,751 in Mongolia, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Mongolia ranks 98th at $19,145.

Economic indicators

Egypt Mongolia
Gross domestic product
$389B
2024
$23.8B
2024
GDP rank
41/197
2024
121/197
2024
GDP growth
2.4%
2023-2024
5.12%
2023-2024
GDP per capita
$3,338
2024
$6,751
2024
GDP per capita rank
138/197
2024
105/197
2024
GDP per capita, PPP
$19,094
2024
$19,145
2024
GDP per capita PPP rank
99/197
2024
98/197
2024
Government debt
$354B
2024
$10.5B
2024
Debt-to-GDP ratio
90.9%
2024
44.1%
2024
Government debt per person
$3,036
2024
$2,974
2024
Government debt per person rank
99/185
2024
101/185
2024
Average annual personal income after taxes
$1,948
2026
$5,311
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
24.6%
2022
Income share by poorest 10%
4.2%
2021
3.4%
2022
Government expenditure, % of GDP
22.9%
2024
37.5%
2024
Consumer prices inflation
28.3%
2023-2024
6.2%
2023-2024
Central bank interest rate
21%
2025
12%
2025
Unemployment rate
5.95%
2024
5.81%
2024
Population
120697176
3620317

Spending and national debt comparison by year

Egypt
Spending

Debt
Mongolia
Spending

Debt
1x
Year % of GDP
Egypt Mongolia
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 37.5% 44.1%
2023 22.7% 95.9% 31.9% 46.7%
2022 24.9% 88.5% 33.7% 64.6%
2021 25.5% 89.9% 35.9% 67.4%
2020 25.7% 86.2% 37.1% 83.4%
2019 26.9% 80.1% 30.8% 66.8%
2018 28.6% 87.9% 28.4% 76.5%
2017 30.6% 97.8% 32.2% 86.9%
2016 31% 91.6% 39.7% 78.7%
2015 31.3% 83.8% 31.2% 50.5%
2014 33.9% 80.9% 32.1% 44%
2013 32.9% 79.8% 32.2% 49.4%
2012 29.2% 69.9% 36.1% 43.7%
2011 30.5% 72.8% 37.9% 32.7%
2010 31.4% 69.6% 31.6% 31%
2009 32.5% 69.5% 35.5% 48.5%
2008 32.7% 66.8% 37.6% 31%
2007 31.3% 76.3% 35.3% 36.1%
2006 34.5% 85.9% 26.2% 40.9%
2005 30.3% 98.3% 25.1% 55.9%
2004 30.1% 96.5% 31.8% 75%
2003 30.6% 97.1% 33.7% 90%
2002 30.9% 85.8% 35.5% 72%
2001 27.9% 79.1% 35.2% 69.2%
2000 26% 71.7% 34.5% 79.3%
1999 26.3% 72.4% 33.2% 103.7%
1998 - 73.8% 36.2% 77.5%
1997 - - 30.8% 61%
1996 - - 28.6% 49.7%
1995 - - 26.6% 40.2%
1994 - - 32.2% 57.6%
1993 - - 38.3% 57.8%
1992 - - 29.1% 29.3%
1991 - - 46% -
1990 - - 51.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Mongolia spent $8.92B, or 37.5% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 44.1% in Mongolia, ranking 31/185 and 122/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Mongolia
1x
Year Deficit/surplus, % of GDP
Egypt Mongolia
2024 -7.12% 1.39%
2023 -5.77% 2.73%
2022 -5.74% 0.67%
2021 -6.96% -3.05%
2020 -7.47% -9.24%
2019 -7.6% 1%
2018 -8.97% 2.85%
2017 -9.9% -3.72%
2016 -11.8% -15.3%
2015 -10.4% -5.04%
2014 -10.7% -3.73%
2013 -12.3% -0.93%
2012 -9.47% -6.24%
2011 -9.6% -4.01%
2010 -7.45% 0.43%
2009 -6.2% -5.2%
2008 -6.05% -4.52%
2007 -4.9% 2.64%
2006 -7.35% 7.58%
2005 -6.69% 2.43%
2004 -5.76% -1.62%
2003 -5.73% -3.38%
2002 -6.77% -4.74%
2001 -1.07% -4.33%
2000 1.32% -5.82%
1999 2.14% -9.91%
1998 - -12.3%
1997 - -8.09%
1996 - -6.88%
1995 - -4.97%
1994 - -9.74%
1993 - -13.3%
1992 - -8.1%
1991 - -6.37%
1990 - -9.37%

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

GeoRank.org/economy/egypt/mongolia | 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 Mongolia's surplus of $332M, or 1.39% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Mongolia ran a deficit in 17 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 2.65% of GDP for Mongolia.

Inflation comparison by year

Inflation
Egypt

Mongolia
1x
Year Consumer prices inflation
Egypt Mongolia
2024 28.3% 6.2%
2023 33.9% 10.4%
2022 13.9% 15.1%
2021 5.21% 7.4%
2020 5.04% 3.7%
2019 9.15% 7.3%
2018 14.4% 6.8%
2017 29.5% 4.3%
2016 13.8% 0.8%
2015 10.4% 6.8%
2014 10.1% 12.9%
2013 9.47% 10.6%
2012 7.11% 13.8%
2011 10.1% 8.8%
2010 11.3% 8.3%
2009 11.8% 7.6%
2008 18.3% 28%
2007 9.32% 9.6%
2006 7.64% 4.4%
2005 4.87% 12.6%
2004 11.3% 8.3%
2003 4.51% 5.2%
2002 2.74% 0.9%
2001 2.27% 6.4%
2000 2.68% 11.3%
1999 3.08% 7.6%
1998 3.87% 9.5%
1997 4.63% 30%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 9.45% in Mongolia. In 2024, inflation was 28.3% in Egypt and 6.2% in Mongolia.

Top exports between countries

Egypt
Export category Export value
Chemicals & pharma $170K
Wood & paper products $60K
Machinery & equipment $53K
Raw agricultural goods $35K
Processed food, beverages & tobacco $17K
Raw materials & minerals $11K
Textiles & consumer goods $4K
Mongolia
Export category Export value
Machinery & equipment $17.5M
Animal & marine products $1.12M
Chemicals & pharma $10K
Raw materials & minerals $1K

Balance of trade

Egypt Mongolia
Current account balance
-$22.3B
2024
-$2.49B
2024
Current account balance ranking
184/190
2024
149/190
2024
Current account balance, % of GDP
-5.72%
2024
-10.4%
2024
Goods imports
$72.9B
2024
$11.7B
2024
Goods exports
$34.8B
2024
$14.7B
2024
Service imports
$27.5B
2024
$4.92B
2024
Service exports
$29.6B
2024
$1.6B
2024
Imports of goods and services, % of GDP
23.2%
2024
69.7%
2024
Exports of goods and services, % of GDP
16.4%
2024
68.7%
2024

Economic freedom indices

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

Egypt Mongolia
Economic freedom 50.3 63.9
Economic freedom ranking 160/197 76/197
Property rights 35.5 49.2
Government integrity 27.1 35.8
Judicial effectiveness 24 54.9
Tax burden 85.7 83.7
Government spending 83.4 64.6
Fiscal health 21.8 96.1
Business freedom 51.4 68.4
Labor freedom 43.1 68.2
Monetary freedom 56 72.1
Trade freedom 60.2 74.4
Investment freedom 65 50
Financial freedom 50 50

Economic freedom comparison by year

Egypt
Mongolia
1x
Year Economic freedom index
Egypt Mongolia
2026 50.3 63.9
2025 50.9 62.6
2024 49.7 60.6
2023 49.6 61.7
2022 49.1 63.9
2021 55.7 62.4
2020 54 55.9
2019 52.5 55.4
2018 53.4 55.7
2017 52.6 54.8
2016 56 59.4
2015 55.2 59.2
2014 52.9 58.9
2013 54.8 61.7
2012 57.9 61.5
2011 59.1 59.5
2010 59 60
2009 58 62.8
2008 58.5 63.6
2007 54.4 60.3
2006 53.2 62.4
2005 55.8 59.7
2004 55.5 56.5
2003 55.3 57.7
2002 54.1 56.7
2001 51.5 56
2000 51.7 58.5
1999 58 58.6
1998 55.8 57.3
1997 54.5 52.9
1996 52 47.4
1995 45.7 47.8

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 63.9 for Mongolia, ranking 76/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Mongolia
Services, % of GDP
48.9%
2024
44.3%
2024
Industry, % of GDP
32.6%
2024
38.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
7.29%
2024
GNI, Atlas method
$409B
2024
$19B
2024
GNI per capita, PPP
$18,230
2024
$17,000
2024
Total reserves including gold
$44.9B
2024
$5.51B
2024
Total reserves ranking
44/177
2024
95/177
2024
Net foreign direct investment
-$46.1B
2024
-$2.73B
2024
Net inflows of foreign direct investment
$46.6B
2024
$2.78B
2024
Net outflows of foreign direct investment
$508M
2024
$55.5M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
25.7%
2024
Poverty at national poverty lines
33.5%
2021
27.1%
2022
Gross capital formation, % of GDP
13%
2024
35.5%
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/mongolia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.