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Economy of Egypt vs Norway compared: GDP & Debt

Updated on by Georank

Egypt has a GDP of $365B compared to $531B for Norway, ranking 43/197 and 32/197 by economy size, respectively.

Egypt has $317B in government debt (86.8% of GDP), compared to $239B (45% of GDP) in Norway.

Egypt vs Norway GDP by year

Egypt
Norway
1x
Year GDP, current $
Egypt Norway
2025 $365,254,630,180 $530,755,719,439
2024 $389,059,910,593 $500,886,328,034
2023 $395,926,071,448 $502,197,633,323
2022 $476,747,720,365 $617,321,834,099
2021 $424,671,765,456 $521,592,200,233
2020 $383,817,841,547 $382,252,517,922
2019 $318,678,815,490 $424,244,886,364
2018 $262,588,632,527 $454,588,871,811
2017 $248,362,771,739 $415,673,181,543
2016 $332,441,717,791 $383,284,047,619
2015 $329,366,576,819 $400,669,174,331
2014 $305,595,408,895 $515,829,568,897
2013 $288,434,108,527 $540,132,255,319
2012 $279,116,666,667 $525,082,939,407
2011 $235,989,672,978 $512,868,581,628
2010 $218,983,666,062 $440,132,138,425
2009 $189,147,005,445 $395,664,488,017
2008 $162,818,181,818 $472,060,283,688
2007 $130,437,828,371 $407,813,774,161
2006 $107,426,086,957 $349,773,283,645
2005 $89,660,339,660 $311,417,306,946
2004 $78,782,467,532 $265,662,977,688
2003 $80,288,461,538 $229,192,678,173
2002 $85,146,067,416 $195,359,978,957
2001 $96,684,636,119 $173,590,978,347
2000 $99,838,543,960 $170,620,327,660
1999 $90,710,704,807 $161,304,620,987
1998 $84,828,807,556 $152,955,958,172
1997 $78,436,578,171 $160,013,571,974
1996 $67,629,716,981 $162,427,517,132
1995 $60,159,245,060 $151,083,627,983
1994 $51,897,983,393 $126,324,387,894
1993 $46,578,631,453 $119,841,699,440
1992 $41,855,986,519 $129,998,873,602
1991 $37,387,836,491 $121,149,331,318
1990 $42,978,914,311 $119,344,377,526
1989 $39,756,299,050 $102,226,808,603
1988 $34,980,124,929 $101,497,621,605
1987 $40,455,616,654 $93,913,320,965
1986 $41,253,507,951 $78,438,205,742
1985 $39,053,502,251 $65,211,464,198
1984 $33,971,188,992 $61,866,078,539
1983 $30,966,239,814 $61,417,685,434
1982 $27,655,172,414 $62,453,362,256
1981 $22,136,081,081 $63,392,804,251
1980 $21,669,908,176 $64,176,789,764
1979 $18,020,571,429 $52,935,763,512
1978 $14,811,704,063 $46,355,988,784
1977 $14,400,806,876 $41,362,637,363
1976 $13,315,988,083 $35,815,449,464
1975 $11,632,178,869 $32,742,543,381
1974 $9,228,963,225 $27,033,413,362
1973 $10,098,534,613 $22,433,660,550
1972 $9,299,638,056 $17,283,931,878
1971 $8,609,283,346 $14,523,306,736
1970 $8,042,200,452 $12,753,503,479
1969 $6,524,455,206 $11,083,505,596
1968 $5,932,242,991 $10,178,705,992
1967 $5,605,484,299 $9,532,076,026
1966 $5,278,005,612 $8,712,528,095
1965 $4,948,667,540 $8,073,570,566
1964 $4,709,245,762 $7,172,430,304
1963 $4,187,146,232 $6,522,268,053
1962 $4,035,462,027 $6,078,186,245
1961 $4,494,575,611 $5,642,867,672
1960 $4,206,270,352 $5,172,811,442

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

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

GDP per capita in Egypt vs Norway by year

Egypt
GDP per capita

GDP per capita, PPP
Norway
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Norway
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,086 - $94,594 -
2024 $3,338 $19,094 $89,889 $102,038
2023 $3,457 $18,525 $90,984 $103,638
2022 $4,233 $17,527 $113,122 $125,490
2021 $3,827 $15,579 $96,443 $88,984
2020 $3,511 $15,232 $71,058 $67,111
2019 $2,963 $13,364 $79,329 $70,940
2018 $2,485 $12,329 $85,579 $70,254
2017 $2,395 $11,125 $78,771 $64,590
2016 $3,271 $10,666 $73,222 $59,280
2015 $3,307 $10,903 $77,221 $60,738
2014 $3,133 $10,256 $100,410 $66,332
2013 $3,026 $10,511 $106,333 $67,378
2012 $2,996 $10,342 $104,628 $65,774
2011 $2,591 $8,988 $103,545 $62,460
2010 $2,455 $8,838 $90,020 $58,213
2009 $2,162 $8,465 $81,940 $55,648
2008 $1,896 $8,191 $99,002 $62,073
2007 $1,548 $7,641 $86,600 $56,179
2006 $1,299 $7,079 $75,048 $54,358
2005 $1,106 $6,554 $67,358 $47,967
2004 $991 $6,207 $57,855 $42,667
2003 $1,031 $5,928 $50,208 $38,680
2002 $1,117 $5,753 $43,048 $38,056
2001 $1,295 $5,650 $38,458 $37,829
2000 $1,366 $5,452 $37,992 $36,994
1999 $1,268 $5,121 $36,151 $30,574
1998 $1,213 $4,869 $34,516 $28,200
1997 $1,146 $4,661 $36,324 $28,610
1996 $1,009 $4,434 $37,073 $26,826
1995 $916 $4,235 $34,659 $24,360
1994 $807 $4,048 $29,130 $23,027
1993 $740 $3,895 $27,793 $21,584
1992 $681 $3,784 $30,328 $20,623
1991 $623 $3,627 $28,427 $19,580
1990 $736 $3,566 $28,137 $18,461
1989 $701 - $24,185 -
1988 $634 - $24,112 -
1987 $754 - $22,430 -
1986 $790 - $18,822 -
1985 $770 - $15,704 -
1984 $690 - $14,943 -
1983 $648 - $14,877 -
1982 $596 - $15,178 -
1981 $490 - $15,463 -
1980 $493 - $15,708 -
1979 $421 - $12,998 -
1978 $355 - $11,421 -
1977 $353 - $10,230 -
1976 $335 - $8,896 -
1975 $299.2 - $8,171 -
1974 $243.1 - $6,783 -
1973 $272.2 - $5,664 -
1972 $256.5 - $4,395 -
1971 $243 - $3,721 -
1970 $232.3 - $3,291 -
1969 $193 - $2,881 -
1968 $179.8 - $2,667 -
1967 $174.1 - $2,519 -
1966 $168.1 - $2,321 -
1965 $161.6 - $2,168 -
1964 $157.7 - $1,941 -
1963 $143.9 - $1,779 -
1962 $142.4 - $1,670 -
1961 $162.8 - $1,563 -
1960 $156.4 - $1,444 -

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

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

Egypt's GDP per capita is $3,086, ranking 143/197, compared to $94,594 in Norway, ranking 9/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Norway ranks 7th at $102,038.

Economic indicators

Egypt Norway
Gross domestic product
$365B
2025
$531B
2025
GDP rank
43/197
2025
32/197
2025
GDP growth
4.39%
2024-2025
1.09%
2024-2025
GDP per capita
$3,086
2025
$94,594
2025
GDP per capita rank
143/197
2025
9/197
2025
GDP per capita, PPP
$19,094
2024
$102,038
2024
GDP per capita PPP rank
99/197
2024
7/197
2024
Government debt
$317B
2025
$239B
2025
Debt-to-GDP ratio
86.8%
2025
45%
2025
Government debt per person
$2,679
2025
$42,567
2025
Government debt per person rank
110/185
2025
15/185
2025
Average annual personal income after taxes
$1,841
2026
$50,036
2026
Market capitalization of domestic companies
$62.9B
2025
$296B
2019
Number of millionaires n/a
348,000
2025
Number of billionaires
5
2026
17
2026
Income share by richest 10%
24.6%
2021
21.6%
2023
Income share by poorest 10%
4.2%
2021
3.6%
2023
Government expenditure, % of GDP
22.7%
2025
49.6%
2025
Consumer prices inflation
14.1%
2024-2025
3.06%
2024-2025
Central bank interest rate
19%
2026
4.25%
2026
Unemployment rate
5.95%
2024
4.5%
2025
Population
121012163
5660666

Spending and national debt comparison by year

Egypt
Spending

Debt
Norway
Spending

Debt
1x
Year % of GDP
Egypt Norway
Government spending Government debt Government spending Government debt
2025 22.7% 86.8% 49.6% 45%
2024 22.9% 90.9% 46.9% 52.8%
2023 22.7% 95.9% 44.2% 42.4%
2022 24.9% 88.5% 36.2% 34.8%
2021 25.5% 89.9% 44.7% 40.1%
2020 25.7% 86.2% 54.5% 44.3%
2019 26.9% 80.1% 48.4% 39%
2018 28.6% 87.9% 46.1% 38.1%
2017 30.6% 97.8% 47.6% 36.9%
2016 31% 91.6% 48.8% 36.7%
2015 31.3% 83.8% 46.7% 33.2%
2014 33.9% 80.9% 44% 28.8%
2013 32.9% 79.8% 42.3% 30.6%
2012 29.2% 69.9% 41.4% 30.2%
2011 30.5% 72.8% 42.3% 28.9%
2010 31.4% 69.6% 43.6% 42.1%
2009 32.5% 69.5% 44.7% 41.7%
2008 32.7% 66.8% 39.2% 46.8%
2007 31.3% 76.3% 40.5% 48.9%
2006 34.5% 85.9% 40.1% 52.2%
2005 30.3% 98.3% 41.6% 42.1%
2004 30.1% 96.5% 44.7% 43.8%
2003 30.6% 97.1% 47.7% 43.1%
2002 30.9% 85.8% 46.3% 34%
2001 27.9% 79.1% 43.4% 27.3%
2000 26% 71.7% 41.5% 28.8%
1999 26.3% 72.4% 46.7% 25.1%
1998 - 73.8% 48.2% 23.8%
1997 - - 45.9% 26%
1996 - - 47.4% 28.6%
1995 - - 49.6% 32.9%
1994 - - 49.7% 51%
1993 - - 50.5% 54%
1992 - - 51.6% 45.3%
1991 - - 50.3% 39.5%
1990 - - 49.1% 29.1%
1989 - - 52.2% 30.4%
1988 - - 52.6% 30.5%
1987 - - 50.5% 31.3%
1986 - - 48.1% 37.8%
1985 - - 44% 30.2%
1984 - - 44.5% 27.8%
1983 - - 46.4% 27.4%
1982 - - 46.6% 29.7%
1981 - - 46.1% 32.9%
1980 - - 46.1% 36.8%
1979 - - 47.2% 39.6%
1978 - - 47.9% 49.9%
1977 - - 46.5% 43.8%
1976 - - 45.2% 38.5%
1975 - - 43.5% 36.7%
1974 - - 42.2% 35.4%
1973 - - 42.3% 37.7%
1972 - - 42.2% 38.9%
1971 - - 40.7% 38.5%
1970 - - 38.9% 38.6%
1969 - - 38% 22.3%
1968 - - 36.2% 22.5%
1967 - - 34.9% 22.6%
1966 - - 33.5% 22.4%
1965 - - 32.9% 23%
1964 - - 32% 24.2%
1963 - - 31.9% 25.3%
1962 - - 30.6% 26.7%
1961 - - 20.4% 27.7%
1960 - - 18% 29.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Egypt's government spending was $82.8B, accounting for 22.7% of its GDP, while Norway spent $263B, or 49.6% of GDP.

Debt-to-GDP ratio is 86.8% in Egypt and 45% in Norway, ranking 33/185 and 117/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Norway
1x
Year Deficit/surplus, % of GDP
Egypt Norway
2025 -6.55% 9.34%
2024 -7.12% 12.8%
2023 -5.77% 15.9%
2022 -5.74% 24.7%
2021 -6.96% 9.93%
2020 -7.47% -2.46%
2019 -7.6% 6.28%
2018 -8.97% 7.56%
2017 -9.9% 4.79%
2016 -11.8% 3.91%
2015 -10.4% 5.8%
2014 -10.7% 8.34%
2013 -12.3% 10.3%
2012 -9.47% 13.4%
2011 -9.6% 13%
2010 -7.45% 10.6%
2009 -6.2% 10%
2008 -6.05% 18.3%
2007 -4.9% 16.8%
2006 -7.35% 17.7%
2005 -6.69% 14.7%
2004 -5.76% 10.8%
2003 -5.73% 7.21%
2002 -6.77% 9.05%
2001 -1.07% 13.2%
2000 1.32% 15.1%
1999 2.14% 5.75%
1998 - 3.09%
1997 - 7.41%
1996 - 6.05%
1995 - 2.98%
1994 - 0.04%
1993 - -1.65%
1992 - -2.08%
1991 - -0.12%
1990 - 1.96%
1989 - 1.81%
1988 - 2.65%
1987 - 4.56%
1986 - 5.87%
1985 - 9.84%
1984 - 6.97%
1983 - 6.03%
1982 - 3.96%
1981 - 4.82%
1980 - 5.38%
1979 - 2.16%
1978 - 0.94%
1977 - 1.01%
1976 - 2.2%
1975 - 2.88%
1974 - 4.06%
1973 - 4.99%
1972 - 3.93%
1971 - 3.71%
1970 - 2.83%
1969 - 3.57%
1968 - 3.38%
1967 - 4.19%
1966 - 3.59%
1965 - 2.78%
1964 - 3.08%
1963 - 2.6%
1962 - 4%
1961 - -0.7%
1960 - 1.42%
1959 - 1.89%
1958 - 1.7%
1957 - 1.55%
1956 - 1.22%
1955 - 0.82%
1954 - -0.54%
1953 - 1.3%
1952 - 2.15%
1951 - 1.59%
1950 - -0.89%
1949 - -0.72%
1948 - -0.35%
1947 - -4.66%
1946 - -3.82%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -0.54%
1938 - 0.03%
1937 - -0.16%
1936 - -0.7%
1935 - -1.1%
1934 - -0.59%
1933 - -1.29%
1932 - -1.14%
1931 - -1.15%
1930 - -0.46%
1929 - -0.83%
1928 - -0.81%
1927 - -0.76%
1926 - -1.59%
1925 - -1.92%
1924 - -2.96%
1923 - -3.58%
1922 - -4.28%
1921 - -5.47%
1920 - -1.15%
1919 - -2.11%
1918 - -1.17%
1917 - 0.2%
1916 - -0.36%
1915 - -2.04%
1914 - -1.09%
1913 - -0.9%
1912 - -0.89%
1911 - -0.05%
1910 - 0.3%
1909 - -0.52%
1908 - -0.06%
1907 - 0.16%
1906 - -0.59%
1905 - -0.52%
1904 - -0.75%
1903 - -1.12%
1902 - -1.52%
1901 - -1.41%
1900 - -1.99%
1899 - -1.35%
1898 - -1.39%
1897 - -0.63%
1896 - -1.57%
1895 - -1.66%
1894 - -1.13%
1893 - -1.25%
1892 - -0.94%
1891 - -0.44%
1890 - -0.2%
1889 - -0.07%
1888 - -0.23%
1887 - -0.17%
1886 - -0.2%
1885 - -0.005%
1884 - -0.08%
1883 - -0.17%
1882 - -0.62%
1881 - -1.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/egypt/norway | 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 Norway's surplus of $49.6B, or 9.34% of GDP.

Over the past 27 years, Egypt recorded a fiscal deficit in 25 of those years, while Norway ran a deficit in 1 years. On average, Egypt posted an annual deficit equal to 6.85% of GDP, compared to surplus of 10.8% of GDP for Norway.

Inflation comparison by year

Inflation
Egypt

Norway
1x
Year Consumer prices inflation
Egypt Norway
2025 14.1% 3.06%
2024 28.3% 3.15%
2023 33.9% 5.52%
2022 13.9% 5.76%
2021 5.21% 3.48%
2020 5.04% 1.29%
2019 9.15% 2.17%
2018 14.4% 2.76%
2017 29.5% 1.88%
2016 13.8% 3.55%
2015 10.4% 2.17%
2014 10.1% 2.04%
2013 9.47% 2.12%
2012 7.11% 0.7%
2011 10.1% 1.28%
2010 11.3% 2.42%
2009 11.8% 2.2%
2008 18.3% 3.75%
2007 9.32% 0.71%
2006 7.64% 2.33%
2005 4.87% 1.53%
2004 11.3% 0.45%
2003 4.51% 2.49%
2002 2.74% 1.29%
2001 2.27% 3%
2000 2.68% 3.09%
1999 3.08% 2.37%
1998 3.87% 2.25%
1997 4.63% 2.57%

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

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

Over the past 29 years, Egypt has recorded an average annual inflation rate of 10.8%, compared with 2.46% in Norway. In 2025, inflation was 14.1% in Egypt and 3.06% in Norway.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $14.6M
Processed food, beverages & tobacco $7.16M
Raw agricultural goods $6.98M
Textiles & consumer goods $2.29M
Machinery & equipment $1.64M
Metals $1.31M
Chemicals & pharma $1.05M
Animal & marine products $90K
Wood & paper products $23K
Precious metals & jewellery $2K
Norway
Export category Export value
Raw materials & minerals $125M
Animal & marine products $85.6M
Miscellaneous $42M
Machinery & equipment $36.3M
Metals $5.11M
Chemicals & pharma $4.51M
Wood & paper products $4.09M
Textiles & consumer goods $1.05M
Processed food, beverages & tobacco $164K
Precious metals & jewellery $131K

Balance of trade

Egypt Norway
Current account balance
-$13.9B
2025
$74.1B
2025
Current account balance ranking
178/190
2025
10/190
2025
Current account balance, % of GDP
-3.82%
2025
+14%
2025
Goods imports
$85.5B
2025
$105B
2025
Goods exports
$42.4B
2025
$177B
2025
Service imports
$29.6B
2025
$73.9B
2025
Service exports
$34.1B
2025
$63.5B
2025
Imports of goods and services, % of GDP
31.5%
2025
33.7%
2025
Exports of goods and services, % of GDP
19.8%
2025
45.4%
2025

Economic freedom indices

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

Egypt Norway
Economic freedom 50.3 78.8
Economic freedom ranking 160/197 9/197
Property rights 35.5 99.6
Government integrity 27.1 94.3
Judicial effectiveness 24 96.4
Tax burden 85.7 63.3
Government spending 83.4 42
Fiscal health 21.8 96.4
Business freedom 51.4 91.2
Labor freedom 43.1 69.3
Monetary freedom 56 72.4
Trade freedom 60.2 85.6
Investment freedom 65 75
Financial freedom 50 60

Economic freedom comparison by year

Egypt
Norway
1x
Year Economic freedom index
Egypt Norway
2026 50.3 78.8
2025 50.9 78.3
2024 49.7 77.5
2023 49.6 76.9
2022 49.1 76.9
2021 55.7 73.4
2020 54 73.4
2019 52.5 73
2018 53.4 74.3
2017 52.6 74
2016 56 70.8
2015 55.2 71.8
2014 52.9 70.9
2013 54.8 70.5
2012 57.9 68.8
2011 59.1 70.3
2010 59 69.4
2009 58 70.2
2008 58.5 68.6
2007 54.4 67.9
2006 53.2 67.9
2005 55.8 64.5
2004 55.5 66.2
2003 55.3 67.2
2002 54.1 67.4
2001 51.5 67.1
2000 51.7 70.1
1999 58 68.6
1998 55.8 68
1997 54.5 65.1
1996 52 65.4
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 78.8 for Norway, ranking 9/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Norway
Services, % of GDP
47.3%
2025
55%
2025
Industry, % of GDP
32.1%
2025
34.5%
2025
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
1.64%
2025
GNI, Atlas method
$386B
2025
$546B
2025
GNI per capita, PPP
$19,330
2025
$107,770
2025
Total reserves including gold
$48.9B
2025
$85.5B
2025
Total reserves ranking
49/177
2025
34/177
2025
Net foreign direct investment
-$14.8B
2025
$8.93B
2025
Net inflows of foreign direct investment
$46.6B
2024
$12.1B
2024
Net outflows of foreign direct investment
$508M
2024
$5.62B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
12.2%
2021
Gross capital formation, % of GDP
12.9%
2025
23.2%
2025

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/norway | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08)
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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.