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Economy of Egypt vs Tonga compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $591M for Tonga, ranking 41/197 and 191/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $256M (37% of GDP) in Tonga.

Egypt vs Tonga GDP by year

Egypt
Tonga
1x
Year GDP, current $
Egypt Tonga
2024 $389,059,911,004 -
2023 $395,926,075,163 $591,139,749
2022 $476,747,720,365 $556,514,555
2021 $424,671,765,456 $519,306,353
2020 $383,817,841,547 $506,571,468
2019 $318,678,815,490 $506,031,239
2018 $262,588,632,527 $493,530,783
2017 $248,362,771,739 $459,976,850
2016 $332,441,717,791 $420,828,262
2015 $329,366,576,819 $437,525,514
2014 $305,595,408,895 $440,997,738
2013 $288,434,108,527 $451,788,498
2012 $279,116,666,667 $471,122,971
2011 $235,989,672,978 $414,143,828
2010 $218,983,666,062 $366,887,375
2009 $189,147,005,445 $312,415,028
2008 $162,818,181,818 $344,438,844
2007 $130,437,828,371 $298,519,623
2006 $107,426,086,957 $292,232,703
2005 $89,660,339,660 $261,823,805
2004 $78,782,467,532 $230,678,011
2003 $80,288,461,538 $202,246,591
2002 $85,146,067,416 $182,764,281
2001 $96,684,636,119 $181,117,230
2000 $99,838,543,960 $204,848,488
1999 $90,710,704,807 $199,208,718
1998 $84,828,807,556 $191,504,893
1997 $78,436,578,171 $214,991,452
1996 $67,629,716,981 $222,100,576
1995 $60,159,245,060 $208,871,666
1994 $51,897,983,393 $195,990,986
1993 $46,578,631,453 $138,489,884
1992 $41,855,986,519 $137,066,291
1991 $37,387,836,491 $132,201,141
1990 $42,978,914,311 $113,563,822
1989 $39,756,299,050 $106,344,855
1988 $34,980,124,929 $106,657,267
1987 $40,455,616,654 $81,667,133
1986 $41,253,507,951 $68,195,856
1985 $39,053,502,251 $60,058,663
1984 $33,971,188,992 $64,248,355
1983 $30,966,239,814 $60,863,964
1982 $27,655,172,414 $62,068,161
1981 $22,136,081,081 $62,242,013
1980 $21,669,908,176 $53,260,077
1979 $18,020,571,429 $44,667,002
1978 $14,811,704,063 $41,567,472
1977 $14,400,806,876 $34,139,388
1976 $13,315,988,083 $30,036,417
1975 $11,632,178,869 $32,506,742
1974 $9,228,963,225 -
1973 $10,098,534,613 -
1972 $9,299,638,056 -
1971 $8,609,283,346 -
1970 $8,042,200,452 -
1969 $6,524,455,206 -
1968 $5,932,242,991 -
1967 $5,605,484,299 -
1966 $5,278,005,612 -
1965 $4,948,667,540 -
1964 $4,709,245,762 -
1963 $4,187,146,232 -
1962 $4,035,462,027 -
1961 $4,494,575,611 -
1960 $4,206,270,352 -

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

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

GDP per capita in Egypt vs Tonga by year

Egypt
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 - -
2023 $3,457 $18,525 $5,652 $7,803
2022 $4,233 $17,527 $5,298 $7,296
2021 $3,827 $15,579 $4,923 $6,929
2020 $3,511 $15,232 $4,792 $6,676
2019 $2,963 $13,364 $4,789 $6,473
2018 $2,485 $12,329 $4,675 $6,393
2017 $2,395 $11,125 $4,366 $6,229
2016 $3,271 $10,666 $3,988 $5,920
2015 $3,307 $10,903 $4,124 $5,472
2014 $3,133 $10,256 $4,137 $5,336
2013 $3,026 $10,511 $4,219 $5,120
2012 $2,996 $10,342 $4,384 $4,996
2011 $2,591 $8,988 $3,850 $4,855
2010 $2,455 $8,838 $3,416 $4,465
2009 $2,162 $8,465 $2,914 $4,384
2008 $1,896 $8,191 $3,218 $4,600
2007 $1,548 $7,641 $2,797 $4,316
2006 $1,299 $7,079 $2,750 $4,327
2005 $1,106 $6,554 $2,478 $4,315
2004 $991 $6,207 $2,195 $4,235
2003 $1,031 $5,928 $1,936 $4,231
2002 $1,117 $5,753 $1,759 $4,171
2001 $1,295 $5,650 $1,754 $3,955
2000 $1,366 $5,452 $1,995 $3,834
1999 $1,268 $5,121 $1,952 $3,636
1998 $1,213 $4,869 $1,889 $3,527
1997 $1,146 $4,661 $2,136 $3,434
1996 $1,009 $4,434 $2,215 $3,410
1995 $916 $4,235 $2,084 $3,347
1994 $807 $4,048 $1,957 $3,088
1993 $740 $3,895 $1,383 $2,882
1992 $681 $3,784 $1,370 $2,716
1991 $623 $3,627 $1,323 $2,652
1990 $736 $3,566 $1,139 $2,416
1989 $701 - $1,070 -
1988 $634 - $1,078 -
1987 $754 - $830 -
1986 $790 - $696 -
1985 $770 - $613 -
1984 $690 - $656 -
1983 $648 - $621 -
1982 $596 - $633 -
1981 $490 - $636 -
1980 $493 - $545 -
1979 $421 - $458 -
1978 $355 - $428 -
1977 $353 - $353 -
1976 $335 - $315 -
1975 $299.2 - $349 -
1974 $243.1 - - -
1973 $272.2 - - -
1972 $256.5 - - -
1971 $243 - - -
1970 $232.3 - - -
1969 $193 - - -
1968 $179.8 - - -
1967 $174.1 - - -
1966 $168.1 - - -
1965 $161.6 - - -
1964 $157.7 - - -
1963 $143.9 - - -
1962 $142.4 - - -
1961 $162.8 - - -
1960 $156.4 - - -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Tonga ranks 144th at $7,803.

Economic indicators

Egypt Tonga
Gross domestic product
$389B
2024
$591M
2023
GDP rank
41/197
2024
191/197
2023
GDP growth
2.4%
2023-2024
2.79%
2022-2023
GDP per capita
$3,338
2024
$5,652
2023
GDP per capita rank
138/197
2024
115/197
2023
GDP per capita, PPP
$19,094
2024
$7,803
2023
GDP per capita PPP rank
99/197
2024
144/197
2023
Government debt
$354B
2024
$256M
2023
Debt-to-GDP ratio
90.9%
2024
37%
2024
Government debt per person
$3,036
2024
$2,445
2023
Government debt per person rank
99/185
2024
111/185
2023
Average annual personal income after taxes
$1,948
2026
$3,886
2026
Market capitalization of domestic companies
$42.6B
2024
n/a
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
22%
2021
Income share by poorest 10%
4.2%
2021
4%
2021
Government expenditure, % of GDP
22.9%
2024
51.3%
2024
Consumer prices inflation
28.3%
2023-2024
3.18%
2023-2024
Central bank interest rate
21%
2025
n/a
Unemployment rate
5.95%
2024
1.65%
2023
Population
120697176
103309

Spending and national debt comparison by year

Egypt
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Egypt Tonga
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 51.3% 37%
2023 22.7% 95.9% 48.2% 43.3%
2022 24.9% 88.5% 44.4% 43.2%
2021 25.5% 89.9% 44.6% 43%
2020 25.7% 86.2% 37.9% 42.6%
2019 26.9% 80.1% 39.9% 42.8%
2018 28.6% 87.9% 39.6% 45.8%
2017 30.6% 97.8% 39.7% 44.7%
2016 31% 91.6% 37.2% 49.4%
2015 31.3% 83.8% 37.4% 51.1%
2014 33.9% 80.9% 31.5% 47.4%
2013 32.9% 79.8% 34.3% 48.9%
2012 29.2% 69.9% 32% 60%
2011 30.5% 72.8% 32.6% 51.9%
2010 31.4% 69.6% 28.4% 44.7%
2009 32.5% 69.5% 23.9% 39.7%
2008 32.7% 66.8% 24% 34%
2007 31.3% 76.3% 23.2% 37.8%
2006 34.5% 85.9% 25.6% 39.6%
2005 30.3% 98.3% 19.8% 43.3%
2004 30.1% 96.5% 19.3% 52.2%
2003 30.6% 97.1% 20% 56.2%
2002 30.9% 85.8% 21.3% 60.7%
2001 27.9% 79.1% 19.1% 53.4%
2000 26% 71.7% 20% 43.6%
1999 26.3% 72.4% 18.8% 38.4%
1998 - 73.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 37% in Tonga, ranking 31/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Tonga
1x
Year Deficit/surplus, % of GDP
Egypt Tonga
2024 -7.12% 4.17%
2023 -5.77% 6.14%
2022 -5.74% -0.1%
2021 -6.96% -0.87%
2020 -7.47% 5.25%
2019 -7.6% 3.28%
2018 -8.97% 2.92%
2017 -9.9% 3.58%
2016 -11.8% 1.47%
2015 -10.4% -2.75%
2014 -10.7% 6.38%
2013 -12.3% -1.3%
2012 -9.47% -1.74%
2011 -9.6% -6.02%
2010 -7.45% -1.22%
2009 -6.2% 6.85%
2008 -6.05% 2.14%
2007 -4.9% 5.39%
2006 -7.35% 1.34%
2005 -6.69% 4.23%
2004 -5.76% 4.23%
2003 -5.73% 2.37%
2002 -6.77% 2.59%
2001 -1.07% 2.23%
2000 1.32% 1.35%
1999 2.14% 1.55%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20).

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

In 2023, Egypt's government deficit, the difference between spending and revenue, was $22.8B, equivalent to 5.77% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Egypt recorded a fiscal deficit in 23 of those years, while Tonga ran a deficit in 7 years. On average, Egypt posted an annual deficit equal to 6.85% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Egypt

Tonga
1x
Year Consumer prices inflation
Egypt Tonga
2024 28.3% 3.18%
2023 33.9% 6.35%
2022 13.9% 11%
2021 5.21% 5.64%
2020 5.04% -0.35%
2019 9.15% 1.18%
2018 14.4% 5.03%
2017 29.5% 7.52%
2016 13.8% 2.58%
2015 10.4% -1.05%
2014 10.1% 2.51%
2013 9.47% 0.78%
2012 7.11% 1.15%
2011 10.1% 6.27%
2010 11.3% 3.53%
2009 11.8% 1.43%
2008 18.3% 10.4%
2007 9.32% 5.84%
2006 7.64% 6.15%
2005 4.87% 8.67%
2004 11.3% 11%
2003 4.51% 11.6%
2002 2.74% 10.4%
2001 2.27% 8.29%
2000 2.68% 6.33%
1999 3.08% 4.46%
1998 3.87% 3.27%
1997 4.63% 2.12%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 5.19% in Tonga. In 2024, inflation was 28.3% in Egypt and 3.18% in Tonga.

Balance of trade

Egypt Tonga
Current account balance
-$22.3B
2024
-$43.5M
2024
Current account balance ranking
184/190
2024
83/190
2024
Current account balance, % of GDP
-5.72%
2024
-7.93%
2023
Goods imports
$72.9B
2024
$232M
2024
Goods exports
$34.8B
2024
$10.8M
2024
Service imports
$27.5B
2024
$161M
2024
Service exports
$29.6B
2024
$93.6M
2024
Imports of goods and services, % of GDP
23.2%
2024
64.9%
2023
Exports of goods and services, % of GDP
16.4%
2024
14.7%
2023

Economic freedom indices

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

Egypt Tonga
Economic freedom 50.3 58.9
Economic freedom ranking 160/197 107/197
Property rights 35.5 71.1
Government integrity 27.1 45.1
Judicial effectiveness 24 64.9
Tax burden 85.7 85.6
Government spending 83.4 31
Fiscal health 21.8 97.3
Business freedom 51.4 59.2
Labor freedom 43.1 55.9
Monetary freedom 56 61
Trade freedom 60.2 75.4
Investment freedom 65 40
Financial freedom 50 20

Economic freedom comparison by year

Egypt
Tonga
1x
Year Economic freedom index
Egypt Tonga
2026 50.3 58.9
2025 50.9 58.5
2024 49.7 59.2
2023 49.6 60
2022 49.1 60.8
2021 55.7 57.5
2020 54 58.8
2019 52.5 57.7
2018 53.4 63.1
2017 52.6 63
2016 56 59.6
2015 55.2 59.3
2014 52.9 58.2
2013 54.8 56
2012 57.9 57
2011 59.1 55.8
2010 59 53.4
2009 58 54.1
2008 58.5 -
2007 54.4 -
2006 53.2 -
2005 55.8 -
2004 55.5 -
2003 55.3 -
2002 54.1 -
2001 51.5 -
2000 51.7 -
1999 58 -
1998 55.8 -
1997 54.5 -
1996 52 -
1995 45.7 -

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Tonga
Services, % of GDP
48.9%
2024
50%
2023
Industry, % of GDP
32.6%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
19%
2023
GNI, Atlas method
$409B
2024
$619M
2023
GNI per capita, PPP
$18,230
2024
$8,400
2023
Total reserves including gold
$44.9B
2024
$377M
2024
Total reserves ranking
44/177
2024
163/177
2024
Net foreign direct investment
-$46.1B
2024
$13.3M
2024
Net inflows of foreign direct investment
$46.6B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$508M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
2.76%
2023
Poverty at national poverty lines
33.5%
2021
20.6%
2021
Gross capital formation, % of GDP
13%
2024
25.9%
2023

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/tonga | 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 (1998–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.