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Economy of Egypt vs Thailand compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $527B for Thailand, ranking 41/197 and 31/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Egypt vs Thailand GDP by year

Egypt
Thailand
1x
Year GDP, current $
Egypt Thailand
2024 $389,059,911,004 $526,517,658,842
2023 $395,926,075,163 $515,906,283,941
2022 $476,747,720,365 $495,644,697,588
2021 $424,671,765,456 $506,194,668,790
2020 $383,817,841,547 $500,461,898,480
2019 $318,678,815,490 $543,976,691,794
2018 $262,588,632,527 $506,754,208,404
2017 $248,362,771,739 $456,356,813,537
2016 $332,441,717,791 $413,366,349,748
2015 $329,366,576,819 $401,296,238,228
2014 $305,595,408,895 $407,339,040,198
2013 $288,434,108,527 $420,333,654,593
2012 $279,116,666,667 $397,558,325,279
2011 $235,989,672,978 $370,818,739,624
2010 $218,983,666,062 $341,104,766,329
2009 $189,147,005,445 $281,710,630,187
2008 $162,818,181,818 $291,382,982,431
2007 $130,437,828,371 $262,942,621,455
2006 $107,426,086,957 $221,758,296,022
2005 $89,660,339,660 $189,318,408,469
2004 $78,782,467,532 $172,895,685,155
2003 $80,288,461,538 $152,280,615,246
2002 $85,146,067,416 $134,300,904,400
2001 $96,684,636,119 $120,296,476,180
2000 $99,838,543,960 $126,392,224,254
1999 $90,710,704,807 $126,669,211,779
1998 $84,828,807,556 $113,675,596,788
1997 $78,436,578,171 $150,180,456,566
1996 $67,629,716,981 $183,035,237,429
1995 $60,159,245,060 $169,278,916,593
1994 $51,897,983,393 $146,683,778,959
1993 $46,578,631,453 $128,889,262,951
1992 $41,855,986,519 $111,452,746,518
1991 $37,387,836,491 $98,234,714,971
1990 $42,978,914,311 $85,343,190,719
1989 $39,756,299,050 $72,250,748,100
1988 $34,980,124,929 $61,667,253,471
1987 $40,455,616,654 $50,535,446,555
1986 $41,253,507,951 $43,096,773,981
1985 $39,053,502,251 $38,900,711,333
1984 $33,971,188,992 $41,797,647,776
1983 $30,966,239,814 $40,042,798,388
1982 $27,655,172,414 $36,589,772,404
1981 $22,136,081,081 $34,846,039,194
1980 $21,669,908,176 $32,353,514,989
1979 $18,020,571,429 $27,371,650,825
1978 $14,811,704,063 $24,006,566,637
1977 $14,400,806,876 $19,779,312,261
1976 $13,315,988,083 $16,985,208,648
1975 $11,632,178,869 $14,882,770,594
1974 $9,228,963,225 $13,702,998,512
1973 $10,098,534,613 $10,838,587,358
1972 $9,299,638,056 $8,177,873,151
1971 $8,609,283,346 $7,375,000,024
1970 $8,042,200,452 $7,086,538,438
1969 $6,524,455,206 $6,695,336,567
1968 $5,932,242,991 $6,081,009,428
1967 $5,605,484,299 $5,638,461,442
1966 $5,278,005,612 $5,279,230,817
1965 $4,948,667,540 $4,388,937,649
1964 $4,709,245,762 $3,889,129,942
1963 $4,187,146,232 $3,540,403,457
1962 $4,035,462,027 $3,308,912,797
1961 $4,494,575,611 $3,034,037,811
1960 $4,206,270,352 $2,760,750,861

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

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

GDP per capita in Egypt vs Thailand by year

Egypt
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $7,347 $24,712
2023 $3,457 $18,525 $7,195 $23,519
2022 $4,233 $17,527 $6,909 $22,243
2021 $3,827 $15,579 $7,057 $20,243
2020 $3,511 $15,232 $6,986 $19,164
2019 $2,963 $13,364 $7,606 $19,963
2018 $2,485 $12,329 $7,100 $18,876
2017 $2,395 $11,125 $6,413 $17,573
2016 $3,271 $10,666 $5,834 $16,671
2015 $3,307 $10,903 $5,689 $15,791
2014 $3,133 $10,256 $5,801 $15,365
2013 $3,026 $10,511 $6,018 $15,216
2012 $2,996 $10,342 $5,726 $14,617
2011 $2,591 $8,988 $5,374 $13,227
2010 $2,455 $8,838 $4,974 $12,932
2009 $2,162 $8,465 $4,135 $11,964
2008 $1,896 $8,191 $4,309 $12,062
2007 $1,548 $7,641 $3,919 $11,723
2006 $1,299 $7,079 $3,331 $10,912
2005 $1,106 $6,554 $2,868 $10,169
2004 $991 $6,207 $2,642 $9,545
2003 $1,031 $5,928 $2,348 $8,824
2002 $1,117 $5,753 $2,090 $8,148
2001 $1,295 $5,650 $1,890 $7,632
2000 $1,366 $5,452 $2,006 $7,289
1999 $1,268 $5,121 $2,033 $6,901
1998 $1,213 $4,869 $1,848 $6,590
1997 $1,146 $4,661 $2,473 $7,148
1996 $1,009 $4,434 $3,055 $7,322
1995 $916 $4,235 $2,864 $6,901
1994 $807 $4,048 $2,518 $6,341
1993 $740 $3,895 $2,245 $5,834
1992 $681 $3,784 $1,972 $5,347
1991 $623 $3,627 $1,766 $4,914
1990 $736 $3,566 $1,559 $4,451
1989 $701 - $1,342 -
1988 $634 - $1,164 -
1987 $754 - $970 -
1986 $790 - $842 -
1985 $770 - $774 -
1984 $690 - $847 -
1983 $648 - $827 -
1982 $596 - $770 -
1981 $490 - $748 -
1980 $493 - $709 -
1979 $421 - $612 -
1978 $355 - $548 -
1977 $353 - $462 -
1976 $335 - $405 -
1975 $299.2 - $364 -
1974 $243.1 - $343 -
1973 $272.2 - $278.3 -
1972 $256.5 - $215.6 -
1971 $243 - $199.7 -
1970 $232.3 - $197.1 -
1969 $193 - $191.4 -
1968 $179.8 - $178.8 -
1967 $174.1 - $170.7 -
1966 $168.1 - $164.5 -
1965 $161.6 - $140.9 -
1964 $157.7 - $128.6 -
1963 $143.9 - $120.7 -
1962 $142.4 - $116.2 -
1961 $162.8 - $109.7 -
1960 $156.4 - $102.8 -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Thailand ranks 85th at $24,712.

Economic indicators

Egypt Thailand
Gross domestic product
$389B
2024
$527B
2024
GDP rank
41/197
2024
31/197
2024
GDP growth
2.4%
2023-2024
2.54%
2023-2024
GDP per capita
$3,338
2024
$7,347
2024
GDP per capita rank
138/197
2024
100/197
2024
GDP per capita, PPP
$19,094
2024
$24,712
2024
GDP per capita PPP rank
99/197
2024
85/197
2024
Government debt
$354B
2024
$333B
2024
Debt-to-GDP ratio
90.9%
2024
63.2%
2024
Government debt per person
$3,036
2024
$4,643
2024
Government debt per person rank
99/185
2024
84/185
2024
Average annual personal income after taxes
$1,948
2026
$6,733
2026
Market capitalization of domestic companies
$42.6B
2024
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires
5
2025
25
2025
Income share by richest 10%
24.6%
2021
26.1%
2023
Income share by poorest 10%
4.2%
2021
3.4%
2023
Government expenditure, % of GDP
22.9%
2024
22.7%
2024
Consumer prices inflation
28.3%
2023-2024
1.37%
2023-2024
Central bank interest rate
21%
2025
1.5%
2025
Unemployment rate
5.95%
2024
0.78%
2024
Population
120697176
71571743

Spending and national debt comparison by year

Egypt
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Egypt Thailand
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 22.7% 63.2%
2023 22.7% 95.9% 22.8% 62.3%
2022 24.9% 88.5% 24.7% 60.5%
2021 25.5% 89.9% 26.8% 58.3%
2020 25.7% 86.2% 24.9% 49.4%
2019 26.9% 80.1% 20.6% 41.1%
2018 28.6% 87.9% 21.2% 41.9%
2017 30.6% 97.8% 21.5% 41.8%
2016 31% 91.6% 21.4% 41.7%
2015 31.3% 83.8% 22.3% 42.6%
2014 33.9% 80.9% 22.2% 43.3%
2013 32.9% 79.8% 21.6% 42.2%
2012 29.2% 69.9% 22.3% 41.9%
2011 30.5% 72.8% 21.1% 39.1%
2010 31.4% 69.6% 22% 39.8%
2009 32.5% 69.5% 21.7% 42.4%
2008 32.7% 66.8% 19.2% 34.9%
2007 31.3% 76.3% 20% 36%
2006 34.5% 85.9% 18.7% 39.2%
2005 30.3% 98.3% 19.6% 45.5%
2004 30.1% 96.5% 19.3% 46.3%
2003 30.6% 97.1% 18.3% 47.5%
2002 30.9% 85.8% 25.7% 54.9%
2001 27.9% 79.1% 20.8% 57.5%
2000 26% 71.7% 19.3% 57.8%
1999 26.3% 72.4% 26.5% 56.6%
1998 - 73.8% 23.9% 49.9%
1997 - - 21.6% 40.5%
1996 - - 18% 15.2%
1995 - - 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 63.2% in Thailand, ranking 31/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Thailand
1x
Year Deficit/surplus, % of GDP
Egypt Thailand
2024 -7.12% -1.29%
2023 -5.77% -1.98%
2022 -5.74% -4.61%
2021 -6.96% -6.74%
2020 -7.47% -4.47%
2019 -7.6% 0.43%
2018 -8.97% 0.2%
2017 -9.9% -0.42%
2016 -11.8% 0.41%
2015 -10.4% 0.19%
2014 -10.7% -0.7%
2013 -12.3% 0.6%
2012 -9.47% -0.86%
2011 -9.6% 0.09%
2010 -7.45% -1.07%
2009 -6.2% -2.21%
2008 -6.05% 0.8%
2007 -4.9% 0.22%
2006 -7.35% 1.87%
2005 -6.69% 2.17%
2004 -5.76% 1.11%
2003 -5.73% 1.98%
2002 -6.77% -6.72%
2001 -1.07% -1.77%
2000 1.32% -1.79%
1999 2.14% -9.02%
1998 - -6.29%
1997 - -1.68%
1996 - 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/egypt/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Thailand ran a deficit in 14 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 1.29% of GDP for Thailand.

Inflation comparison by year

Inflation
Egypt

Thailand
1x
Year Consumer prices inflation
Egypt Thailand
2024 28.3% 1.37%
2023 33.9% 8.48%
2022 13.9% -1.61%
2021 5.21% 1.23%
2020 5.04% -0.85%
2019 9.15% 0.71%
2018 14.4% 1.06%
2017 29.5% 0.67%
2016 13.8% 0.19%
2015 10.4% -0.9%
2014 10.1% 1.9%
2013 9.47% 2.18%
2012 7.11% 3.01%
2011 10.1% 3.81%
2010 11.3% 3.25%
2009 11.8% -0.85%
2008 18.3% 5.47%
2007 9.32% 2.24%
2006 7.64% 4.64%
2005 4.87% 4.54%
2004 11.3% 2.76%
2003 4.51% 1.8%
2002 2.74% 0.7%
2001 2.27% 1.63%
2000 2.68% 1.59%
1999 3.08% 0.28%
1998 3.87% 7.99%
1997 4.63% 5.63%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 2.25% in Thailand. In 2024, inflation was 28.3% in Egypt and 1.37% in Thailand.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $41.8M
Metals $20.3M
Processed food, beverages & tobacco $6.19M
Chemicals & pharma $2.59M
Raw agricultural goods $2.58M
Machinery & equipment $2.34M
Textiles & consumer goods $1.94M
Miscellaneous $1.39M
Animal & marine products $347K
Precious metals & jewellery $12K
Thailand
Export category Export value
Machinery & equipment $214M
Processed food, beverages & tobacco $139M
Raw materials & minerals $124M
Chemicals & pharma $68.9M
Wood & paper products $55.1M
Metals $30.4M
Textiles & consumer goods $24.9M
Raw agricultural goods $4.8M
Miscellaneous $2.68M
Animal & marine products $827K

Balance of trade

Egypt Thailand
Current account balance
-$22.3B
2024
$11.6B
2024
Current account balance ranking
184/190
2024
23/190
2024
Current account balance, % of GDP
-5.72%
2024
+2.21%
2024
Goods imports
$72.9B
2024
$276B
2024
Goods exports
$34.8B
2024
$297B
2024
Service imports
$27.5B
2024
$74B
2024
Service exports
$29.6B
2024
$71.9B
2024
Imports of goods and services, % of GDP
23.2%
2024
66.7%
2024
Exports of goods and services, % of GDP
16.4%
2024
70%
2024

Economic freedom indices

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

Egypt Thailand
Economic freedom 50.3 62.2
Economic freedom ranking 160/197 88/197
Property rights 35.5 41.8
Government integrity 27.1 38.9
Judicial effectiveness 24 35
Tax burden 85.7 80.8
Government spending 83.4 83.6
Fiscal health 21.8 81
Business freedom 51.4 69.9
Labor freedom 43.1 56.4
Monetary freedom 56 73.3
Trade freedom 60.2 70.2
Investment freedom 65 55
Financial freedom 50 60

Economic freedom comparison by year

Egypt
Thailand
1x
Year Economic freedom index
Egypt Thailand
2026 50.3 62.2
2025 50.9 60.6
2024 49.7 59
2023 49.6 60.6
2022 49.1 63.2
2021 55.7 69.7
2020 54 69.4
2019 52.5 68.3
2018 53.4 67.1
2017 52.6 66.2
2016 56 63.9
2015 55.2 62.4
2014 52.9 63.3
2013 54.8 64.1
2012 57.9 64.9
2011 59.1 64.7
2010 59 64.1
2009 58 63
2008 58.5 62.3
2007 54.4 63.5
2006 53.2 63.3
2005 55.8 62.5
2004 55.5 63.7
2003 55.3 65.8
2002 54.1 69.1
2001 51.5 68.9
2000 51.7 66.6
1999 58 66.9
1998 55.8 67.3
1997 54.5 66.1
1996 52 71
1995 45.7 71.3

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Thailand
Services, % of GDP
48.9%
2024
59.2%
2024
Industry, % of GDP
32.6%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
8.71%
2024
GNI, Atlas method
$409B
2024
$509B
2024
GNI per capita, PPP
$18,230
2024
$23,960
2024
Total reserves including gold
$44.9B
2024
$237B
2024
Total reserves ranking
44/177
2024
15/177
2024
Net foreign direct investment
-$46.1B
2024
-$6.95B
2024
Net inflows of foreign direct investment
$46.6B
2024
$14.3B
2024
Net outflows of foreign direct investment
$508M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
3.52%
2024
Poverty at national poverty lines
33.5%
2021
5.4%
2022
Gross capital formation, % of GDP
13%
2024
21.6%
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/thailand | 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 (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (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.