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Economy of Egypt vs Nigeria compared: GDP & Debt

Updated on by Georank

Egypt has a GDP of $365B compared to $291B for Nigeria, ranking 43/197 and 50/197 by economy size, respectively.

Egypt has $317B in government debt (86.8% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Egypt vs Nigeria GDP by year

Egypt
Nigeria
1x
Year GDP, current $
Egypt Nigeria
2025 $365,254,630,180 $290,794,361,542
2024 $389,059,910,593 $252,261,880,140
2023 $395,926,071,448 $487,387,801,878
2022 $476,747,720,365 $646,950,257,575
2021 $424,671,765,456 $609,147,716,965
2020 $383,817,841,547 $598,586,817,817
2019 $318,678,815,490 $668,219,992,687
2018 $262,588,632,527 $421,739,251,509
2017 $248,362,771,739 $375,745,731,053
2016 $332,441,717,791 $404,649,125,252
2015 $329,366,576,819 $493,026,682,801
2014 $305,595,408,895 $574,183,763,412
2013 $288,434,108,527 $520,117,180,314
2012 $279,116,666,667 $463,971,018,239
2011 $235,989,672,978 $414,466,676,831
2010 $218,983,666,062 $366,990,417,129
2009 $189,147,005,445 $295,008,835,381
2008 $162,818,181,818 $339,476,276,258
2007 $130,437,828,371 $278,260,846,800
2006 $107,426,086,957 $238,454,997,161
2005 $89,660,339,660 $175,670,569,969
2004 $78,782,467,532 $135,764,731,646
2003 $80,288,461,538 $104,738,954,264
2002 $85,146,067,416 $95,054,059,303
2001 $96,684,636,119 $73,557,840,064
2000 $99,838,543,960 $69,171,451,627
1999 $90,710,704,807 $59,145,077,039
1998 $84,828,807,556 $218,416,200,673
1997 $78,436,578,171 $200,850,397,618
1996 $67,629,716,981 $185,730,236,700
1995 $60,159,245,060 $140,919,776,986
1994 $51,897,983,393 $80,399,613,064
1993 $46,578,631,453 $56,721,051,402
1992 $41,855,986,519 $52,058,181,854
1991 $37,387,836,491 $59,526,833,412
1990 $42,978,914,311 $54,035,795,388
1989 $39,756,299,050 $44,003,061,108
1988 $34,980,124,929 $49,648,470,440
1987 $40,455,616,654 $52,676,041,931
1986 $41,253,507,951 $54,805,852,581
1985 $39,053,502,251 $73,745,821,158
1984 $33,971,188,992 $73,484,359,521
1983 $30,966,239,814 $97,094,911,792
1982 $27,655,172,414 $142,769,363,314
1981 $22,136,081,081 $164,475,209,516
1980 $21,669,908,176 $64,201,788,123
1979 $18,020,571,429 $47,259,911,894
1978 $14,811,704,063 $36,527,862,209
1977 $14,400,806,876 $36,035,407,725
1976 $13,315,988,083 $36,308,883,249
1975 $11,632,178,869 $27,778,934,625
1974 $9,228,963,225 $24,846,641,318
1973 $10,098,534,613 $15,162,871,287
1972 $9,299,638,056 $12,274,416,018
1971 $8,609,283,346 $9,181,769,912
1970 $8,042,200,452 $12,546,094,982
1969 $6,524,455,206 $6,634,317,346
1968 $5,932,242,991 $5,200,997,920
1967 $5,605,484,299 $5,203,237,919
1966 $5,278,005,612 $6,366,917,453
1965 $4,948,667,540 $5,874,537,650
1964 $4,709,245,762 $5,552,931,319
1963 $4,187,146,232 $5,165,590,254
1962 $4,035,462,027 $4,909,399,176
1961 $4,494,575,611 $4,467,287,893
1960 $4,206,270,352 $4,196,174,502

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

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

GDP per capita in Egypt vs Nigeria by year

Egypt
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,086 - $1,224 -
2024 $3,338 $19,094 $1,084 $9,087
2023 $3,457 $18,525 $2,139 $8,705
2022 $4,233 $17,527 $2,899 $8,305
2021 $3,827 $15,579 $2,787 $7,588
2020 $3,511 $15,232 $2,797 $7,415
2019 $2,963 $13,364 $3,190 $7,551
2018 $2,485 $12,329 $2,058 $7,158
2017 $2,395 $11,125 $1,876 $7,037
2016 $3,271 $10,666 $2,070 $7,072
2015 $3,307 $10,903 $2,586 $7,308
2014 $3,133 $10,256 $3,089 $7,396
2013 $3,026 $10,511 $2,873 $7,004
2012 $2,996 $10,342 $2,633 $6,671
2011 $2,591 $8,988 $2,418 $6,585
2010 $2,455 $8,838 $2,202 $6,301
2009 $2,162 $8,465 $1,820 $5,927
2008 $1,896 $8,191 $2,154 $5,607
2007 $1,548 $7,641 $1,816 $5,298
2006 $1,299 $7,079 $1,600 $4,975
2005 $1,106 $6,554 $1,211 $4,678
2004 $991 $6,207 $962 $4,381
2003 $1,031 $5,928 $763 $4,015
2002 $1,117 $5,753 $712 $3,770
2001 $1,295 $5,650 $566 $3,309
2000 $1,366 $5,452 $547 $3,139
1999 $1,268 $5,121 $481 $3,002
1998 $1,213 $4,869 $1,822 $3,022
1997 $1,146 $4,661 $1,720 $2,990
1996 $1,009 $4,434 $1,633 $2,931
1995 $916 $4,235 $1,272 $2,835
1994 $807 $4,048 $745 $2,853
1993 $740 $3,895 $540 $2,921
1992 $681 $3,784 $509 $2,991
1991 $623 $3,627 $597 $2,870
1990 $736 $3,566 $556 $2,840
1989 $701 - $465 -
1988 $634 - $540 -
1987 $754 - $588 -
1986 $790 - $628 -
1985 $770 - $869 -
1984 $690 - $890 -
1983 $648 - $1,207 -
1982 $596 - $1,822 -
1981 $490 - $2,162 -
1980 $493 - $870 -
1979 $421 - $661 -
1978 $355 - $527 -
1977 $353 - $536 -
1976 $335 - $556 -
1975 $299.2 - $438 -
1974 $243.1 - $403 -
1973 $272.2 - $252.4 -
1972 $256.5 - $209.5 -
1971 $243 - $160.5 -
1970 $232.3 - $224.5 -
1969 $193 - $121.4 -
1968 $179.8 - $97.3 -
1967 $174.1 - $99.5 -
1966 $168.1 - $124.4 -
1965 $161.6 - $117.3 -
1964 $157.7 - $113.3 -
1963 $143.9 - $107.7 -
1962 $142.4 - $104.5 -
1961 $162.8 - $97.1 -
1960 $156.4 - $93.1 -

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

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

Egypt's GDP per capita is $3,086, ranking 143/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Nigeria ranks 136th at $9,087.

Economic indicators

Egypt Nigeria
Gross domestic product
$365B
2025
$291B
2025
GDP rank
43/197
2025
50/197
2025
GDP growth
4.39%
2024-2025
4.01%
2024-2025
GDP per capita
$3,086
2025
$1,224
2025
GDP per capita rank
143/197
2025
172/197
2025
GDP per capita, PPP
$19,094
2024
$9,087
2024
GDP per capita PPP rank
99/197
2024
136/197
2024
Government debt
$317B
2025
$103B
2025
Debt-to-GDP ratio
86.8%
2025
35.5%
2025
Government debt per person
$2,679
2025
$434
2025
Government debt per person rank
110/185
2025
170/185
2025
Average annual personal income after taxes
$1,841
2026
$768
2026
Market capitalization of domestic companies
$62.9B
2025
$86.9B
2025
Number of billionaires
5
2026
4
2026
Income share by richest 10%
24.6%
2021
26.3%
2022
Income share by poorest 10%
4.2%
2021
3%
2022
Government expenditure, % of GDP
22.7%
2025
11.7%
2025
Consumer prices inflation
14.1%
2024-2025
23%
2024-2025
Central bank interest rate
19%
2026
26.5%
2026
Unemployment rate
5.95%
2024
3.45%
2024
Population
121012163
245016045

Spending and national debt comparison by year

Egypt
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Egypt Nigeria
Government spending Government debt Government spending Government debt
2025 22.7% 86.8% 11.7% 35.5%
2024 22.9% 90.9% 12% 39.3%
2023 22.7% 95.9% 10.4% 36.3%
2022 24.9% 88.5% 10.6% 29.8%
2021 25.5% 89.9% 9.09% 26.6%
2020 25.7% 86.2% 8.73% 25.7%
2019 26.9% 80.1% 8.87% 21.4%
2018 28.6% 87.9% 9.1% 20.4%
2017 30.6% 97.8% 8.51% 18%
2016 31% 91.6% 6.93% 17.4%
2015 31.3% 83.8% 7.85% 14.9%
2014 33.9% 80.9% 9.49% 15.8%
2013 32.9% 79.8% 10% 13%
2012 29.2% 69.9% 10.5% 12.5%
2011 30.5% 72.8% 12.3% 12.4%
2010 31.4% 69.6% 11.8% 6.67%
2009 32.5% 69.5% 11% 6.12%
2008 32.7% 66.8% 10.2% 5.17%
2007 31.3% 76.3% 12.9% 5.76%
2006 34.5% 85.9% 8.75% 6.68%
2005 30.3% 98.3% 12.6% 13.4%
2004 30.1% 96.5% 13% 25.2%
2003 30.6% 97.1% 16.5% 29.9%
2002 30.9% 85.8% 13.8% 30.7%
2001 27.9% 79.1% 21.9% 37.7%
2000 26% 71.7% 17.6% 40.9%
1999 26.3% 72.4% 14.9% 46.1%
1998 - 73.8% 11.2% 15.8%
1997 - - 9.68% 17.1%
1996 - - 7.87% 17.9%
1995 - - 8.87% 24.2%
1994 - - 12.1% 39.7%
1993 - - 20% 50.4%
1992 - - 15.9% 49.8%
1991 - - 13.6% 53.2%
1990 - - 14.2% 50.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Egypt's government spending was $82.8B, accounting for 22.7% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 86.8% in Egypt and 35.5% in Nigeria, ranking 33/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Nigeria
1x
Year Deficit/surplus, % of GDP
Egypt Nigeria
2025 -6.55% -1.76%
2024 -7.12% -1.27%
2023 -5.77% -3.12%
2022 -5.74% -4%
2021 -6.96% -3.97%
2020 -7.47% -4.03%
2019 -7.6% -3.31%
2018 -8.97% -3.06%
2017 -9.9% -3.85%
2016 -11.8% -3.3%
2015 -10.4% -2.7%
2014 -10.7% -1.72%
2013 -12.3% -1.89%
2012 -9.47% -0.09%
2011 -9.6% 0.31%
2010 -7.45% -2.96%
2009 -6.2% -3.78%
2008 -6.05% 4.05%
2007 -4.9% -0.79%
2006 -7.35% 6.22%
2005 -6.69% 3.49%
2004 -5.76% 3.9%
2003 -5.73% -1.56%
2002 -6.77% 0.95%
2001 -1.07% -2.29%
2000 1.32% 2.89%
1999 2.14% -1.39%
1998 - -3.47%
1997 - 1.14%
1996 - 3.37%
1995 - 2.52%
1994 - -2.96%
1993 - -6.07%
1992 - 0.94%
1991 - -1.18%
1990 - -0.48%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/egypt/nigeria | 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 Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 27 years, Egypt recorded a fiscal deficit in 25 of those years, while Nigeria ran a deficit in 20 years. On average, Egypt posted an annual deficit equal to 6.85% of GDP, compared to deficit of 1.08% of GDP for Nigeria.

Inflation comparison by year

Inflation
Egypt

Nigeria
1x
Year Consumer prices inflation
Egypt Nigeria
2025 14.1% 23%
2024 28.3% 33.2%
2023 33.9% 24.7%
2022 13.9% 18.8%
2021 5.21% 17%
2020 5.04% 13.2%
2019 9.15% 11.4%
2018 14.4% 12.1%
2017 29.5% 16.5%
2016 13.8% 15.7%
2015 10.4% 9.01%
2014 10.1% 8.05%
2013 9.47% 8.5%
2012 7.11% 12.2%
2011 10.1% 10.8%
2010 11.3% 13.7%
2009 11.8% 12.5%
2008 18.3% 11.6%
2007 9.32% 5.39%
2006 7.64% 8.23%
2005 4.87% 17.9%
2004 11.3% 15%
2003 4.51% 14%
2002 2.74% 12.9%
2001 2.27% 18.9%
2000 2.68% 6.93%
1999 3.08% 6.62%
1998 3.87% 10%
1997 4.63% 8.53%

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

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

Over the past 29 years, Egypt has recorded an average annual inflation rate of 10.8%, compared with 13.7% in Nigeria. In 2025, inflation was 14.1% in Egypt and 23% in Nigeria.

Top exports between countries

Egypt
Export category Export value
Chemicals & pharma $63.5M
Raw materials & minerals $55.4M
Machinery & equipment $21.2M
Processed food, beverages & tobacco $19.3M
Textiles & consumer goods $17.1M
Raw agricultural goods $15.7M
Metals $6.25M
Wood & paper products $2.91M
Animal & marine products $405K
Miscellaneous $138K
Nigeria
Export category Export value
Raw materials & minerals $101M
Machinery & equipment $4.56M
Raw agricultural goods $2.78M
Wood & paper products $485K
Chemicals & pharma $361K
Textiles & consumer goods $148K
Processed food, beverages & tobacco $103K

Balance of trade

Egypt Nigeria
Current account balance
-$13.9B
2025
$14B
2025
Current account balance ranking
178/190
2025
21/190
2025
Current account balance, % of GDP
-3.82%
2025
+4.83%
2025
Goods imports
$85.5B
2025
$43B
2025
Goods exports
$42.4B
2025
$57.5B
2025
Service imports
$29.6B
2025
$19.6B
2025
Service exports
$34.1B
2025
$5.06B
2025
Imports of goods and services, % of GDP
31.5%
2025
16.9%
1960
Exports of goods and services, % of GDP
19.8%
2025
9.24%
1960

Economic freedom indices

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

Egypt Nigeria
Economic freedom 50.3 54.8
Economic freedom ranking 160/197 132/197
Property rights 35.5 29.7
Government integrity 27.1 23.5
Judicial effectiveness 24 34.4
Tax burden 85.7 84.6
Government spending 83.4 96.3
Fiscal health 21.8 83.5
Business freedom 51.4 50.3
Labor freedom 43.1 75.4
Monetary freedom 56 56.1
Trade freedom 60.2 64.4
Investment freedom 65 30
Financial freedom 50 30

Economic freedom comparison by year

Egypt
Nigeria
1x
Year Economic freedom index
Egypt Nigeria
2026 50.3 54.8
2025 50.9 53.4
2024 49.7 53.1
2023 49.6 53.9
2022 49.1 54.4
2021 55.7 58.7
2020 54 57.2
2019 52.5 57.3
2018 53.4 58.5
2017 52.6 57.1
2016 56 57.5
2015 55.2 55.6
2014 52.9 54.3
2013 54.8 55.1
2012 57.9 56.3
2011 59.1 56.7
2010 59 56.8
2009 58 55.1
2008 58.5 55.1
2007 54.4 55.6
2006 53.2 48.7
2005 55.8 48.4
2004 55.5 49.2
2003 55.3 49.5
2002 54.1 50.9
2001 51.5 49.6
2000 51.7 53.1
1999 58 55.7
1998 55.8 52.3
1997 54.5 52.8
1996 52 47.4
1995 45.7 47.3

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Nigeria
Services, % of GDP
47.3%
2025
58.2%
2025
Industry, % of GDP
32.1%
2025
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
23%
2025
GNI, Atlas method
$386B
2025
$324B
2025
GNI per capita, PPP
$19,330
2025
$9,230
2025
Total reserves including gold
$48.9B
2025
$46B
2025
Total reserves ranking
49/177
2025
52/177
2025
Net foreign direct investment
-$14.8B
2025
-$2.82B
2025
Net inflows of foreign direct investment
$46.6B
2024
$1.61B
2024
Net outflows of foreign direct investment
$508M
2024
$408M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
5.46%
2024
Poverty at national poverty lines
33.5%
2021
56.2%
2023
Gross capital formation, % of GDP
12.9%
2025
n/a

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/nigeria | 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 (1990–2025, 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 (2024–2025, 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.