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Economy of Egypt vs Singapore compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $547B for Singapore, ranking 41/197 and 28/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $950B (173.5% of GDP) in Singapore.

Egypt vs Singapore GDP by year

Egypt
Singapore
1x
Year GDP, current $
Egypt Singapore
2024 $389,059,911,004 $547,386,645,892
2023 $395,926,075,163 $505,439,514,078
2022 $476,747,720,365 $509,017,841,147
2021 $424,671,765,456 $436,591,382,250
2020 $383,817,841,547 $349,165,858,545
2019 $318,678,815,490 $376,161,998,830
2018 $262,588,632,527 $377,123,710,561
2017 $248,362,771,739 $343,673,334,902
2016 $332,441,717,791 $319,646,468,521
2015 $329,366,576,819 $307,998,545,269
2014 $305,595,408,895 $314,863,580,758
2013 $288,434,108,527 $307,576,360,585
2012 $279,116,666,667 $295,092,888,077
2011 $235,989,672,978 $279,356,499,090
2010 $218,983,666,062 $239,807,980,591
2009 $189,147,005,445 $194,150,283,772
2008 $162,818,181,818 $193,617,323,539
2007 $130,437,828,371 $180,941,701,358
2006 $107,426,086,957 $148,627,286,361
2005 $89,660,339,660 $127,807,848,728
2004 $78,782,467,532 $115,033,593,101
2003 $80,288,461,538 $97,646,401,096
2002 $85,146,067,416 $92,538,372,870
2001 $96,684,636,119 $89,793,790,670
2000 $99,838,543,960 $96,076,539,926
1999 $90,710,704,807 $86,286,849,755
1998 $84,828,807,556 $85,728,207,782
1997 $78,436,578,171 $100,123,787,215
1996 $67,629,716,981 $96,293,086,513
1995 $60,159,245,060 $87,812,540,788
1994 $51,897,983,393 $73,688,724,431
1993 $46,578,631,453 $60,603,815,716
1992 $41,855,986,519 $52,131,320,033
1991 $37,387,836,491 $45,466,164,978
1990 $42,978,914,311 $36,144,336,769
1989 $39,756,299,050 $30,465,364,739
1988 $34,980,124,929 $25,371,462,488
1987 $40,455,616,654 $20,919,215,578
1986 $41,253,507,951 $18,586,746,057
1985 $39,053,502,251 $19,156,532,746
1984 $33,971,188,992 $19,749,361,098
1983 $30,966,239,814 $17,784,112,150
1982 $27,655,172,414 $16,084,252,378
1981 $22,136,081,081 $14,175,228,844
1980 $21,669,908,176 $11,896,256,783
1979 $18,020,571,429 $9,296,921,724
1978 $14,811,704,063 $7,517,176,355
1977 $14,400,806,876 $6,618,585,074
1976 $13,315,988,083 $6,327,077,974
1975 $11,632,178,869 $5,633,673,930
1974 $9,228,963,225 $5,221,534,956
1973 $10,098,534,613 $3,696,213,333
1972 $9,299,638,056 $2,721,440,981
1971 $8,609,283,346 $2,263,785,444
1970 $8,042,200,452 $1,920,574,150
1969 $6,524,455,206 $1,659,893,768
1968 $5,932,242,991 $1,425,706,091
1967 $5,605,484,299 $1,238,035,816
1966 $5,278,005,612 $1,096,425,608
1965 $4,948,667,540 $974,644,096
1964 $4,709,245,762 $894,153,311
1963 $4,187,146,232 $917,608,012
1962 $4,035,462,027 $826,239,212
1961 $4,494,575,611 $764,629,788
1960 $4,206,270,352 $704,751,700

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

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

GDP per capita in Egypt vs Singapore by year

Egypt
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $90,674 $150,689
2023 $3,457 $18,525 $85,412 $143,786
2022 $4,233 $17,527 $90,299 $143,095
2021 $3,827 $15,579 $80,056 $132,617
2020 $3,511 $15,232 $61,410 $101,518
2019 $2,963 $13,364 $65,952 $105,335
2018 $2,485 $12,329 $66,882 $103,963
2017 $2,395 $11,125 $61,236 $95,744
2016 $3,271 $10,666 $57,006 $89,902
2015 $3,307 $10,903 $55,646 $87,156
2014 $3,133 $10,256 $57,565 $84,555
2013 $3,026 $10,511 $56,967 $83,088
2012 $2,996 $10,342 $55,548 $82,108
2011 $2,591 $8,988 $53,891 $80,052
2010 $2,455 $8,838 $47,237 $75,401
2009 $2,162 $8,465 $38,927 $66,213
2008 $1,896 $8,191 $40,009 $67,735
2007 $1,548 $7,641 $39,433 $68,805
2006 $1,299 $7,079 $33,768 $64,061
2005 $1,106 $6,554 $29,961 $58,822
2004 $991 $6,207 $27,608 $54,384
2003 $1,031 $5,928 $23,730 $48,778
2002 $1,117 $5,753 $22,160 $45,083
2001 $1,295 $5,650 $21,700 $43,109
2000 $1,366 $5,452 $23,853 $43,781
1999 $1,268 $5,121 $21,797 $39,949
1998 $1,213 $4,869 $21,829 $37,560
1997 $1,146 $4,661 $26,376 $39,286
1996 $1,009 $4,434 $26,233 $36,873
1995 $916 $4,235 $24,915 $35,090
1994 $807 $4,048 $21,552 $33,058
1993 $740 $3,895 $18,290 $30,062
1992 $681 $3,784 $16,136 $27,022
1991 $623 $3,627 $14,502 $25,530
1990 $736 $3,566 $11,862 $23,815
1989 $701 - $10,395 -
1988 $634 - $8,914 -
1987 $754 - $7,539 -
1986 $790 - $6,800 -
1985 $770 - $7,002 -
1984 $690 - $7,228 -
1983 $648 - $6,633 -
1982 $596 - $6,078 -
1981 $490 - $5,597 -
1980 $493 - $4,928 -
1979 $421 - $3,901 -
1978 $355 - $3,194 -
1977 $353 - $2,846 -
1976 $335 - $2,759 -
1975 $299.2 - $2,490 -
1974 $243.1 - $2,342 -
1973 $272.2 - $1,685 -
1972 $256.5 - $1,264 -
1971 $243 - $1,071 -
1970 $232.3 - $926 -
1969 $193 - $813 -
1968 $179.8 - $709 -
1967 $174.1 - $626 -
1966 $168.1 - $567 -
1965 $161.6 - $517 -
1964 $157.7 - $486 -
1963 $143.9 - $511 -
1962 $142.4 - $472 -
1961 $162.8 - $449 -
1960 $156.4 - $428 -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $90,674 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Singapore ranks 2nd at $150,689.

Economic indicators

Egypt Singapore
Gross domestic product
$389B
2024
$547B
2024
GDP rank
41/197
2024
28/197
2024
GDP growth
2.4%
2023-2024
4.39%
2023-2024
GDP per capita
$3,338
2024
$90,674
2024
GDP per capita rank
138/197
2024
7/197
2024
GDP per capita, PPP
$19,094
2024
$150,689
2024
GDP per capita PPP rank
99/197
2024
2/197
2024
Government debt
$354B
2024
$950B
2024
Debt-to-GDP ratio
90.9%
2024
173.5%
2024
Government debt per person
$3,036
2024
$157,326
2024
Government debt per person rank
99/185
2024
1/185
2024
Average annual personal income after taxes
$1,948
2026
$52,793
2026
Market capitalization of domestic companies
$42.6B
2024
$638B
2024
Number of millionaires n/a
331,000
2025
Number of billionaires
5
2025
49
2025
Income share by richest 10%
24.6%
2021
n/a
Income share by poorest 10%
4.2%
2021
n/a
Government expenditure, % of GDP
22.9%
2024
14.6%
2024
Consumer prices inflation
28.3%
2023-2024
2.39%
2023-2024
Central bank interest rate
21%
2025
n/a
Unemployment rate
5.95%
2024
2.74%
2024
Population
120697176
6125852

Spending and national debt comparison by year

Egypt
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Egypt Singapore
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 14.6% 173.5%
2023 22.7% 95.9% 14.8% 172.8%
2022 24.9% 88.5% 15% 154.3%
2021 25.5% 89.9% 15.6% 141.7%
2020 25.7% 86.2% 24.1% 148.2%
2019 26.9% 80.1% 14% 127.9%
2018 28.6% 87.9% 13.9% 109.4%
2017 30.6% 97.8% 13.6% 107.6%
2016 31% 91.6% 15.3% 106.3%
2015 31.3% 83.8% 14.4% 102.2%
2014 33.9% 80.9% 12.6% 97.7%
2013 32.9% 79.8% 10.9% 98.2%
2012 29.2% 69.9% 9.83% 106.7%
2011 30.5% 72.8% 9.66% 103.1%
2010 31.4% 69.6% 10.2% 98.7%
2009 32.5% 69.5% 15.9% 101.7%
2008 32.7% 66.8% 14% 97.9%
2007 31.3% 76.3% 9.01% 87.8%
2006 34.5% 85.9% 12.3% 86.5%
2005 30.3% 98.3% 12.4% 92.7%
2004 30.1% 96.5% 14.1% 95.7%
2003 30.6% 97.1% 15.6% 99.1%
2002 30.9% 85.8% 15.9% 96.3%
2001 27.9% 79.1% 18.2% 94.5%
2000 26% 71.7% 16.1% 82.3%
1999 26.3% 72.4% 15.9% 85.3%
1998 - 73.8% 18.1% 84.6%
1997 - - 14.5% 70.8%
1996 - - 18.1% 71.3%
1995 - - 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

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

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Singapore spent $79.7B, or 14.6% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 173.5% in Singapore, ranking 31/185 and 4/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Singapore
1x
Year Deficit/surplus, % of GDP
Egypt Singapore
2024 -7.12% 4.44%
2023 -5.77% 3.47%
2022 -5.74% 1.21%
2021 -6.96% 1.13%
2020 -7.47% -6.73%
2019 -7.6% 3.77%
2018 -8.97% 3.68%
2017 -9.9% 5.24%
2016 -11.8% 3.25%
2015 -10.4% 2.86%
2014 -10.7% 4.6%
2013 -12.3% 5.96%
2012 -9.47% 7.34%
2011 -9.6% 7.96%
2010 -7.45% 5.68%
2009 -6.2% -0.09%
2008 -6.05% 3.59%
2007 -4.9% 7.12%
2006 -7.35% 2.16%
2005 -6.69% 2.56%
2004 -5.76% 2.06%
2003 -5.73% 0.68%
2002 -6.77% 2.23%
2001 -1.07% 1.2%
2000 1.32% 4.59%
1999 2.14% 5.2%
1998 - 2.41%
1997 - 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

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

GeoRank.org/economy/egypt/singapore | 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 Singapore's surplus of $24.3B, or 4.44% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Singapore ran a deficit in 2 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to surplus of 3.28% of GDP for Singapore.

Inflation comparison by year

Inflation
Egypt

Singapore
1x
Year Consumer prices inflation
Egypt Singapore
2024 28.3% 2.39%
2023 33.9% 4.83%
2022 13.9% 6.13%
2021 5.21% 2.32%
2020 5.04% -0.17%
2019 9.15% 0.57%
2018 14.4% 0.44%
2017 29.5% 0.58%
2016 13.8% -0.53%
2015 10.4% -0.52%
2014 10.1% 1.03%
2013 9.47% 2.36%
2012 7.11% 4.58%
2011 10.1% 5.25%
2010 11.3% 2.83%
2009 11.8% 0.59%
2008 18.3% 6.64%
2007 9.32% 2.11%
2006 7.64% 0.97%
2005 4.87% 0.43%
2004 11.3% 1.66%
2003 4.51% 0.51%
2002 2.74% -0.39%
2001 2.27% 1%
2000 2.68% 1.36%
1999 3.08% 0.02%
1998 3.87% -0.27%
1997 4.63% 2%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 1.74% in Singapore. In 2024, inflation was 28.3% in Egypt and 2.39% in Singapore.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $16.1M
Raw agricultural goods $11.1M
Machinery & equipment $7.5M
Metals $1.71M
Chemicals & pharma $1.54M
Processed food, beverages & tobacco $1.39M
Textiles & consumer goods $1.25M
Miscellaneous $79K
Animal & marine products $43K
Precious metals & jewellery $23K
Singapore
Export category Export value
Machinery & equipment $133M
Chemicals & pharma $38.9M
Processed food, beverages & tobacco $25.1M
Miscellaneous $19.3M
Metals $17.8M
Wood & paper products $12M
Animal & marine products $8.58M
Raw materials & minerals $5.65M
Textiles & consumer goods $5.07M
Raw agricultural goods $1.22M

Balance of trade

Egypt Singapore
Current account balance
-$22.3B
2024
$96B
2024
Current account balance ranking
184/190
2024
8/190
2024
Current account balance, % of GDP
-5.72%
2024
+17.5%
2024
Goods imports
$72.9B
2024
$435B
2024
Goods exports
$34.8B
2024
$583B
2024
Service imports
$27.5B
2024
$351B
2024
Service exports
$29.6B
2024
$396B
2024
Imports of goods and services, % of GDP
23.2%
2024
143.6%
2024
Exports of goods and services, % of GDP
16.4%
2024
178.8%
2024

Economic freedom indices

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

Egypt Singapore
Economic freedom 50.3 84.4
Economic freedom ranking 160/197 1/197
Property rights 35.5 89.2
Government integrity 27.1 86.1
Judicial effectiveness 24 58.3
Tax burden 85.7 89.5
Government spending 83.4 93.4
Fiscal health 21.8 80
Business freedom 51.4 90.6
Labor freedom 43.1 77
Monetary freedom 56 83.5
Trade freedom 60.2 95
Investment freedom 65 90
Financial freedom 50 80

Economic freedom comparison by year

Egypt
Singapore
1x
Year Economic freedom index
Egypt Singapore
2026 50.3 84.4
2025 50.9 84.1
2024 49.7 83.5
2023 49.6 83.9
2022 49.1 84.4
2021 55.7 89.7
2020 54 89.4
2019 52.5 89.4
2018 53.4 88.8
2017 52.6 88.6
2016 56 87.8
2015 55.2 89.4
2014 52.9 89.4
2013 54.8 88
2012 57.9 87.5
2011 59.1 87.2
2010 59 86.1
2009 58 87.1
2008 58.5 87.3
2007 54.4 87.1
2006 53.2 88
2005 55.8 88.6
2004 55.5 88.9
2003 55.3 88.2
2002 54.1 87.4
2001 51.5 87.8
2000 51.7 87.7
1999 58 86.9
1998 55.8 87
1997 54.5 87.3
1996 52 86.5
1995 45.7 86.3

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Singapore
Services, % of GDP
48.9%
2024
73%
2024
Industry, % of GDP
32.6%
2024
21.4%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
0.03%
2024
GNI, Atlas method
$409B
2024
$451B
2024
GNI per capita, PPP
$18,230
2024
$126,190
2024
Total reserves including gold
$44.9B
2024
$384B
2024
Total reserves ranking
44/177
2024
9/177
2024
Net foreign direct investment
-$46.1B
2024
-$96.7B
2024
Net inflows of foreign direct investment
$46.6B
2024
$152B
2024
Net outflows of foreign direct investment
$508M
2024
$55.3B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
n/a
Gross capital formation, % of GDP
13%
2024
22.2%
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/singapore | 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 (2022–2024, 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.