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Economy of Egypt vs Papua New Guinea compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $31.8B for Papua New Guinea, ranking 41/197 and 110/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $16.6B (52.1% of GDP) in Papua New Guinea.

Egypt vs Papua New Guinea GDP by year

Egypt
Papua New Guinea
1x
Year GDP, current $
Egypt Papua New Guinea
2024 $389,059,911,004 $31,800,428,266
2023 $395,926,075,163 $30,816,367,067
2022 $476,747,720,365 $31,653,185,953
2021 $424,671,765,456 $26,109,413,521
2020 $383,817,841,547 $23,848,447,850
2019 $318,678,815,490 $24,750,626,030
2018 $262,588,632,527 $24,109,780,708
2017 $248,362,771,739 $22,742,699,138
2016 $332,441,717,791 $20,758,876,953
2015 $329,366,576,819 $21,723,437,010
2014 $305,595,408,895 $23,210,823,987
2013 $288,434,108,527 $21,261,338,065
2012 $279,116,666,667 $21,295,168,666
2011 $235,989,672,978 $17,985,138,066
2010 $218,983,666,062 $14,250,786,675
2009 $189,147,005,445 $11,619,456,449
2008 $162,818,181,818 $11,670,892,801
2007 $130,437,828,371 $9,545,028,944
2006 $107,426,086,957 $8,354,911,041
2005 $89,660,339,660 $4,865,892,972
2004 $78,782,467,532 $3,927,157,867
2003 $80,288,461,538 $3,536,411,824
2002 $85,146,067,416 $2,999,511,040
2001 $96,684,636,119 $3,081,024,212
2000 $99,838,543,960 $3,521,339,699
1999 $90,710,704,807 $3,477,038,204
1998 $84,828,807,556 $3,789,443,015
1997 $78,436,578,171 $4,936,615,299
1996 $67,629,716,981 $5,155,311,077
1995 $60,159,245,060 $4,636,057,476
1994 $51,897,983,393 $5,502,786,070
1993 $46,578,631,453 $4,974,550,286
1992 $41,855,986,519 $4,377,980,510
1991 $37,387,836,491 $3,787,394,958
1990 $42,978,914,311 $3,219,729,083
1989 $39,756,299,050 $3,546,472,566
1988 $34,980,124,929 $3,656,177,881
1987 $40,455,616,654 $3,143,851,794
1986 $41,253,507,951 $2,647,995,602
1985 $39,053,502,251 $2,423,339,172
1984 $33,971,188,992 $2,552,662,617
1983 $30,966,239,814 $2,562,351,551
1982 $27,655,172,414 $2,368,719,683
1981 $22,136,081,081 $2,498,190,847
1980 $21,669,908,176 $2,545,808,456
1979 $18,020,571,429 $2,293,760,511
1978 $14,811,704,063 $1,947,878,831
1977 $14,400,806,876 $1,640,746,619
1976 $13,315,988,083 $1,511,843,235
1975 $11,632,178,869 $1,356,603,608
1974 $9,228,963,225 $1,467,417,672
1973 $10,098,534,613 $1,299,079,410
1972 $9,299,638,056 $858,761,926
1971 $8,609,283,346 $717,750,278
1970 $8,042,200,452 $645,568,215
1969 $6,524,455,206 $551,263,864
1968 $5,932,242,991 $485,184,190
1967 $5,605,484,299 $441,728,183
1966 $5,278,005,612 $390,992,063
1965 $4,948,667,540 $344,176,055
1964 $4,709,245,762 $305,312,049
1963 $4,187,146,232 $275,968,044
1962 $4,035,462,027 $261,184,042
1961 $4,494,575,611 $244,832,039
1960 $4,206,270,352 $230,496,037

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

GeoRank.org/economy/egypt/papua-new-guinea | CC BY

GDP per capita in Egypt vs Papua New Guinea by year

Egypt
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $3,007 $4,875
2023 $3,457 $18,525 $2,966 $4,668
2022 $4,233 $17,527 $3,102 $4,420
2021 $3,827 $15,579 $2,608 $3,977
2020 $3,511 $15,232 $2,430 $3,900
2019 $2,963 $13,364 $2,576 $4,060
2018 $2,485 $12,329 $2,566 $3,910
2017 $2,395 $11,125 $2,478 $3,923
2016 $3,271 $10,666 $2,316 $3,813
2015 $3,307 $10,903 $2,485 $3,670
2014 $3,133 $10,256 $2,723 $3,500
2013 $3,026 $10,511 $2,561 $3,110
2012 $2,996 $10,342 $2,635 $3,026
2011 $2,591 $8,988 $2,288 $2,919
2010 $2,455 $8,838 $1,867 $2,912
2009 $2,162 $8,465 $1,569 $2,692
2008 $1,896 $8,191 $1,625 $2,583
2007 $1,548 $7,641 $1,371 $2,622
2006 $1,299 $7,079 $1,238 $2,444
2005 $1,106 $6,554 $744 $2,322
2004 $991 $6,207 $621 $2,187
2003 $1,031 $5,928 $577 $2,142
2002 $1,117 $5,753 $506 $2,125
2001 $1,295 $5,650 $538 $2,168
2000 $1,366 $5,452 $636 $2,196
1999 $1,268 $5,121 $650 $2,280
1998 $1,213 $4,869 $733 $2,285
1997 $1,146 $4,661 $990 $2,432
1996 $1,009 $4,434 $1,071 $2,578
1995 $916 $4,235 $998 $2,436
1994 $807 $4,048 $1,228 $2,558
1993 $740 $3,895 $1,151 $2,451
1992 $681 $3,784 $1,051 $2,100
1991 $623 $3,627 $942 $1,869
1990 $736 $3,566 $826 $1,703
1989 $701 - $934 -
1988 $634 - $985 -
1987 $754 - $865 -
1986 $790 - $745 -
1985 $770 - $697 -
1984 $690 - $750 -
1983 $648 - $769 -
1982 $596 - $726 -
1981 $490 - $781 -
1980 $493 - $813 -
1979 $421 - $748 -
1978 $355 - $648 -
1977 $353 - $558 -
1976 $335 - $525 -
1975 $299.2 - $482 -
1974 $243.1 - $533 -
1973 $272.2 - $483 -
1972 $256.5 - $327 -
1971 $243 - $279.7 -
1970 $232.3 - $257.6 -
1969 $193 - $225.3 -
1968 $179.8 - $202.9 -
1967 $174.1 - $189 -
1966 $168.1 - $171.1 -
1965 $161.6 - $153.9 -
1964 $157.7 - $139.5 -
1963 $143.9 - $128.9 -
1962 $142.4 - $124.7 -
1961 $162.8 - $119.7 -
1960 $156.4 - $115.5 -

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

GeoRank.org/economy/egypt/papua-new-guinea | CC BY

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $3,007 in Papua New Guinea, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Egypt Papua New Guinea
Gross domestic product
$389B
2024
$31.8B
2024
GDP rank
41/197
2024
110/197
2024
GDP growth
2.4%
2023-2024
3.8%
2023-2024
GDP per capita
$3,338
2024
$3,007
2024
GDP per capita rank
138/197
2024
140/197
2024
GDP per capita, PPP
$19,094
2024
$4,875
2024
GDP per capita PPP rank
99/197
2024
159/197
2024
Government debt
$354B
2024
$16.6B
2024
Debt-to-GDP ratio
90.9%
2024
52.1%
2024
Government debt per person
$3,036
2024
$1,566
2024
Government debt per person rank
99/185
2024
129/185
2024
Average annual personal income after taxes
$1,948
2026
$2,362
2026
Market capitalization of domestic companies
$42.6B
2024
$1.68B
2017
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
31%
2009
Income share by poorest 10%
4.2%
2021
1.9%
2009
Government expenditure, % of GDP
22.9%
2024
20.4%
2024
Consumer prices inflation
28.3%
2023-2024
0.6%
2023-2024
Central bank interest rate
21%
2025
5%
2025
Unemployment rate
5.95%
2024
2.69%
2022
Population
120697176
11002753

Spending and national debt comparison by year

Egypt
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Egypt Papua New Guinea
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 20.4% 52.1%
2023 22.7% 95.9% 22.3% 53.9%
2022 24.9% 88.5% 21.9% 48.2%
2021 25.5% 89.9% 22% 52.6%
2020 25.7% 86.2% 23.5% 48.7%
2019 26.9% 80.1% 21.3% 38.2%
2018 28.6% 87.9% 20.3% 36.7%
2017 30.6% 97.8% 18.4% 32.5%
2016 31% 91.6% 20.9% 33.7%
2015 31.3% 83.8% 22.8% 29.9%
2014 33.9% 80.9% 27.1% 26.9%
2013 32.9% 79.8% 27.6% 24.9%
2012 29.2% 69.9% 22.4% 19.1%
2011 30.5% 72.8% 19.7% 16.3%
2010 31.4% 69.6% 18.4% 17.3%
2009 32.5% 69.5% 24.7% 21.7%
2008 32.7% 66.8% 19.8% 21.6%
2007 31.3% 76.3% 18% 22.2%
2006 34.5% 85.9% 19.4% 26%
2005 30.3% 98.3% 20.6% 31.6%
2004 30.1% 96.5% 19.4% 37.2%
2003 30.6% 97.1% 18.7% 40.4%
2002 30.9% 85.8% 20.8% 48.4%
2001 27.9% 79.1% 21.6% 47.7%
2000 26% 71.7% 20.5% 42.3%
1999 26.3% 72.4% 21.4% 41.8%
1998 - 73.8% 20% 45.7%
1997 - - 20.6% 43.9%
1996 - - 17.6% 37.8%
1995 - - 17.1% 36.6%
1994 - - 19.3% 40.1%
1993 - - 23.5% 30%
1992 - - 22.8% 30.4%
1991 - - 22.4% -
1990 - - 24.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20).

GeoRank.org/economy/egypt/papua-new-guinea | CC BY

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Papua New Guinea spent $6.48B, or 20.4% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 52.1% in Papua New Guinea, ranking 31/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Egypt Papua New Guinea
2024 -7.12% -3.23%
2023 -5.77% -4.34%
2022 -5.74% -5.25%
2021 -6.96% -6.84%
2020 -7.47% -8.85%
2019 -7.6% -4.98%
2018 -8.97% -2.58%
2017 -9.9% -2.47%
2016 -11.8% -4.75%
2015 -10.4% -4.55%
2014 -10.7% -6.27%
2013 -12.3% -6.87%
2012 -9.47% -1.19%
2011 -9.6% 2.22%
2010 -7.45% 3.06%
2009 -6.2% -5.48%
2008 -6.05% 2.73%
2007 -4.9% 6.9%
2006 -7.35% 5.34%
2005 -6.69% 2.85%
2004 -5.76% 2.03%
2003 -5.73% 0.19%
2002 -6.77% -1.75%
2001 -1.07% -1.33%
2000 1.32% 0.3%
1999 2.14% -1.94%
1998 - -0.16%
1997 - 0.67%
1996 - 2.05%
1995 - 1.08%
1994 - -1.01%
1993 - -4.9%
1992 - -4.33%
1991 - -0.62%
1990 - -2.04%

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

GeoRank.org/economy/egypt/papua-new-guinea | 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 Papua New Guinea's deficit of $1.03B, or 3.23% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Papua New Guinea ran a deficit in 17 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 1.81% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Egypt

Papua New Guinea
1x
Year Consumer prices inflation
Egypt Papua New Guinea
2024 28.3% 0.6%
2023 33.9% 2.3%
2022 13.9% 5.25%
2021 5.21% 4.48%
2020 5.04% 4.87%
2019 9.15% 3.93%
2018 14.4% 4.37%
2017 29.5% 5.42%
2016 13.8% 6.67%
2015 10.4% 6%
2014 10.1% 5.22%
2013 9.47% 4.96%
2012 7.11% 4.54%
2011 10.1% 4.44%
2010 11.3% 6.01%
2009 11.8% 6.92%
2008 18.3% 10.8%
2007 9.32% 0.91%
2006 7.64% 2.37%
2005 4.87% 1.78%
2004 11.3% 2.16%
2003 4.51% 14.7%
2002 2.74% 11.8%
2001 2.27% 9.3%
2000 2.68% 15.6%
1999 3.08% 14.9%
1998 3.87% 13.6%
1997 4.63% 3.96%

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

GeoRank.org/economy/egypt/papua-new-guinea | CC BY

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 6.35% in Papua New Guinea. In 2024, inflation was 28.3% in Egypt and 0.6% in Papua New Guinea.

Top exports between countries

Egypt
Export category Export value
Machinery & equipment $622K
Textiles & consumer goods $273K
Chemicals & pharma $32K
Raw materials & minerals $16K
Papua New Guinea
Export category Export value
Raw agricultural goods $222K
Machinery & equipment $16K

Balance of trade

Egypt Papua New Guinea
Current account balance
-$22.3B
2024
$4.77B
2024
Current account balance ranking
184/190
2024
33/190
2024
Current account balance, % of GDP
-5.72%
2024
+15%
2024
Goods imports
$72.9B
2024
$4.69B
2024
Goods exports
$34.8B
2024
$13.4B
2024
Service imports
$27.5B
2024
$2.4B
2024
Service exports
$29.6B
2024
$75.2M
2024
Imports of goods and services, % of GDP
23.2%
2024
58.9%
2004
Exports of goods and services, % of GDP
16.4%
2024
72.2%
2004

Economic freedom indices

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

Egypt Papua New Guinea
Economic freedom 50.3 54.3
Economic freedom ranking 160/197 134/197
Property rights 35.5 45
Government integrity 27.1 30.8
Judicial effectiveness 24 41.1
Tax burden 85.7 70.9
Government spending 83.4 86.1
Fiscal health 21.8 65.3
Business freedom 51.4 34.2
Labor freedom 43.1 65.1
Monetary freedom 56 77.4
Trade freedom 60.2 80.2
Investment freedom 65 25
Financial freedom 50 30

Economic freedom comparison by year

Egypt
Papua New Guinea
1x
Year Economic freedom index
Egypt Papua New Guinea
2026 50.3 54.3
2025 50.9 52.5
2024 49.7 49.4
2023 49.6 51.7
2022 49.1 54.6
2021 55.7 58.9
2020 54 58.4
2019 52.5 58.4
2018 53.4 55.7
2017 52.6 50.9
2016 56 53.2
2015 55.2 53.1
2014 52.9 53.9
2013 54.8 53.6
2012 57.9 53.8
2011 59.1 52.6
2010 59 53.5
2009 58 54.8
2008 58.5 -
2007 54.4 -
2006 53.2 -
2005 55.8 -
2004 55.5 -
2003 55.3 -
2002 54.1 -
2001 51.5 57.2
2000 51.7 55.8
1999 58 56.3
1998 55.8 55.2
1997 54.5 56.7
1996 52 58.6
1995 45.7 -

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

GeoRank.org/economy/egypt/papua-new-guinea | CC BY

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Papua New Guinea
Services, % of GDP
48.9%
2024
41.5%
2024
Industry, % of GDP
32.6%
2024
37.2%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
17.2%
2024
GNI, Atlas method
$409B
2024
$30.7B
2024
GNI per capita, PPP
$18,230
2024
$4,580
2024
Total reserves including gold
$44.9B
2024
$3.9B
2023
Total reserves ranking
44/177
2024
107/177
2023
Net foreign direct investment
-$46.1B
2024
$968M
2024
Net inflows of foreign direct investment
$46.6B
2024
-$198M
2024
Net outflows of foreign direct investment
$508M
2024
$770M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
19.7%
2024
Poverty at national poverty lines
33.5%
2021
39.9%
2009
Gross capital formation, % of GDP
13%
2024
20%
2004

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/papua-new-guinea | 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 (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20)
  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.