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Economy of Egypt vs Tunisia compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $51.3B for Tunisia, ranking 41/197 and 93/197 by economy size, respectively.

Egypt has $354B in government debt (85.1% of GDP), compared to $42.7B (84.2% of GDP) in Tunisia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Egypt
GDP, current $

GDP, constant 2015 $
Tunisia
GDP, current $

GDP, constant 2015 $
Year GDP
Egypt Tunisia
Current $ Constant $ Current $ Constant $
1960 $4,206,270,352 $20,297,834,751 - -
1961 $4,494,575,611 $21,345,429,172 $866,155,429 $6,137,821,865
1962 $4,035,462,027 $22,172,696,194 $880,027,733 $5,856,090,654
1963 $4,187,146,232 $24,504,840,916 $1,026,737,600 $5,227,498,193
1964 $4,709,245,762 $27,324,754,469 $1,025,866,792 $4,983,062,999
1965 $4,948,667,540 $28,667,504,460 $991,047,619 $4,856,658,027
1966 $5,278,005,612 $30,114,182,469 $1,040,952,381 $5,024,449,146
1967 $5,605,484,299 $30,356,681,178 $1,085,714,286 $5,032,586,365
1968 $5,932,242,991 $29,868,912,347 $1,214,666,667 $5,556,464,947
1969 $6,524,455,206 $31,445,846,805 $1,289,904,762 $5,820,275,646
1970 $8,042,200,452 $33,206,347,268 $1,439,238,095 $6,092,061,086
1971 $8,609,283,346 $34,553,643,779 $1,685,162,272 $6,735,394,768
1972 $9,299,638,056 $35,609,492,777 $2,237,556,149 $7,930,436,885
1973 $10,098,534,613 $36,858,257,211 $2,730,813,385 $7,878,520,795
1974 $9,228,963,225 $37,432,854,799 $3,545,868,575 $8,514,694,201
1975 $11,632,178,869 $40,779,032,775 $4,328,965,588 $9,124,014,225
1976 $13,315,988,083 $46,194,361,686 $4,508,191,942 $9,842,699,381
1977 $14,400,806,876 $50,353,260,517 $5,109,324,009 $10,178,443,291
1978 $14,811,704,063 $54,698,126,369 $5,968,460,080 $10,833,983,238
1979 $18,020,571,429 $57,185,627,389 $7,188,863,904 $11,545,507,381
1980 $21,669,908,176 $62,910,668,709 $8,744,134,354 $12,402,038,508
1981 $22,136,081,081 $67,533,693,106 $8,428,445,294 $13,085,895,944
1982 $27,655,172,414 $74,224,371,655 $8,133,580,052 $13,021,285,955
1983 $30,966,239,814 $78,005,663,121 $8,350,582,748 $13,630,931,806
1984 $33,971,188,992 $85,607,909,951 $8,254,541,195 $14,414,552,711
1985 $39,053,502,251 $90,565,897,014 $8,410,226,053 $15,228,769,277
1986 $41,253,507,951 $94,862,819,135 $9,017,806,654 $15,008,410,750
1987 $40,455,616,654 $98,498,676,314 $9,696,715,911 $16,014,180,050
1988 $34,980,124,929 $103,878,004,711 $10,096,245,762 $16,025,735,735
1989 $39,756,299,050 $108,989,704,832 $10,101,851,745 $16,305,657,121
1990 $42,978,914,311 $115,166,183,183 $12,290,568,182 $17,601,927,420
1991 $37,387,836,491 $116,462,268,700 $13,074,782,609 $18,289,202,651
1992 $41,855,986,519 $121,671,461,982 $15,496,708,060 $19,716,808,223
1993 $46,578,631,453 $125,200,896,557 $14,608,335,608 $20,148,572,580
1994 $51,897,983,393 $130,175,343,748 $15,633,174,304 $20,788,977,092
1995 $60,159,245,060 $136,218,680,414 $18,030,876,599 $21,277,865,199
1996 $67,629,716,981 $143,014,263,359 $19,587,161,807 $22,798,398,674
1997 $78,436,578,171 $150,869,114,036 $20,746,210,354 $24,038,846,665
1998 $84,828,807,556 $159,280,817,658 $21,802,893,587 $25,188,807,992
1999 $90,710,704,807 $168,922,784,451 $22,943,202,175 $26,713,898,246
2000 $99,838,543,960 $179,683,172,290 $21,473,528,161 $27,972,115,617
2001 $96,684,636,119 $186,035,425,185 $22,065,832,449 $29,034,013,116
2002 $85,146,067,416 $190,482,051,407 $23,141,616,605 $29,418,004,532
2003 $80,288,461,538 $196,565,009,502 $27,453,902,261 $30,801,356,640
2004 $78,782,467,532 $204,608,590,453 $31,183,885,241 $32,722,064,779
2005 $89,660,339,660 $213,758,163,786 $32,272,186,695 $33,862,934,470
2006 $107,426,086,957 $228,387,426,641 $34,376,664,601 $35,638,740,560
2007 $130,437,828,371 $244,575,133,306 $38,915,353,867 $38,029,929,333
2008 $162,818,181,818 $262,077,623,377 $44,859,439,902 $39,641,554,633
2009 $189,147,005,445 $274,326,082,658 $43,455,740,497 $40,848,025,577
2010 $218,983,666,062 $288,446,290,408 $46,206,091,938 $42,061,674,643
2011 $235,989,672,978 $293,536,132,737 $48,123,325,825 $41,200,826,153
2012 $279,116,666,667 $300,070,833,533 $47,311,401,813 $42,938,131,960
2013 $288,434,108,527 $306,628,779,736 $48,685,446,414 $43,981,498,924
2014 $305,595,408,895 $315,569,804,752 $50,271,812,921 $45,340,671,514
2015 $329,366,576,819 $329,366,576,819 $45,779,494,042 $45,779,494,042
2016 $332,441,717,791 $343,682,967,576 $44,360,072,680 $46,290,957,182
2017 $248,362,771,739 $358,053,111,989 $42,163,530,591 $47,333,713,939
2018 $262,588,632,527 $377,141,312,303 $42,686,504,460 $48,567,689,497
2019 $318,678,815,490 $398,080,548,973 $41,905,642,419 $49,320,533,876
2020 $383,817,841,547 $412,213,064,649 $42,491,780,918 $44,893,953,704
2021 $424,671,765,456 $425,777,537,422 $47,073,234,359 $47,020,147,730
2022 $476,747,720,365 $453,827,104,225 $44,929,920,093 $48,314,277,430
2023 $395,926,075,163 $470,892,276,432 $48,205,328,303 $48,403,183,212
2024 $389,059,911,004 $482,189,779,213 $51,332,285,657 $49,184,626,298

Economic indicators

Egypt Tunisia
Gross domestic product
$389B
2024
$51.3B
2024
GDP rank
41/197
2024
93/197
2024
GDP growth
-1.73%
2023-2024
6.49%
2023-2024
GDP per capita
$3,338
2024
$4,181
2024
GDP per capita rank
138/197
2024
129/197
2024
GDP per capita, PPP
$19,094
2024
$14,521
2024
Government debt
$354B
2024
$42.7B
2024
Debt-to-GDP ratio
85.1%
2026
84.2%
2026
Government debt per person
$3,036
2024
$3,476
2024
Government debt per person rank
100/185
2024
96/185
2024
Average annual personal income after taxes
$1,826
2026
$4,061
2026
Market capitalization of domestic companies
$42.6B
2024
$8.3B
2024
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
27%
2021
Income share by poorest 10%
4.2%
2021
3.1%
2021
Government expenditure, % of GDP
28%
2026
31.8%
2026
Consumer prices inflation
28.3%
2023-2024
6.1%
2025-2026
Central bank interest rate
22%
2025
7.5%
2025
Unemployment rate
6.75%
2023
15.1%
2023
Population
120120267
12415813

GDP per capita in Egypt vs Tunisia

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Tunisia ranks 114th at $14,521.

Egypt
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
Year Current $
Egypt Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $156.4 - - -
1961 $162.8 - $200.7 -
1962 $142.4 - $201.4 -
1963 $143.9 - $231.9 -
1964 $157.7 - $228.5 -
1965 $161.6 - $217.3 -
1966 $168.1 - $223.8 -
1967 $174.1 - $228 -
1968 $179.8 - $248.9 -
1969 $193 - $257.7 -
1970 $232.3 - $280.5 -
1971 $243 - $320 -
1972 $256.5 - $415 -
1973 $272.2 - $493 -
1974 $243.1 - $624 -
1975 $299.2 - $741 -
1976 $335 - $752 -
1977 $353 - $830 -
1978 $355 - $946 -
1979 $421 - $1,113 -
1980 $493 - $1,324 -
1981 $490 - $1,247 -
1982 $596 - $1,177 -
1983 $648 - $1,184 -
1984 $690 - $1,143 -
1985 $770 - $1,135 -
1986 $790 - $1,187 -
1987 $754 - $1,245 -
1988 $634 - $1,266 -
1989 $701 - $1,239 -
1990 $736 $3,566 $1,476 $3,780
1991 $623 $3,627 $1,538 $3,975
1992 $681 $3,784 $1,785 $4,292
1993 $740 $3,895 $1,649 $4,401
1994 $807 $4,048 $1,733 $4,555
1995 $916 $4,235 $1,968 $4,686
1996 $1,009 $4,434 $2,107 $5,040
1997 $1,146 $4,661 $2,202 $5,333
1998 $1,213 $4,869 $2,285 $5,579
1999 $1,268 $5,121 $2,376 $5,930
2000 $1,366 $5,452 $2,199 $6,279
2001 $1,295 $5,650 $2,236 $6,593
2002 $1,117 $5,753 $2,321 $6,715
2003 $1,031 $5,928 $2,726 $7,098
2004 $991 $6,207 $3,067 $7,672
2005 $1,106 $6,554 $3,147 $8,117
2006 $1,299 $7,079 $3,323 $8,729
2007 $1,548 $7,641 $3,727 $9,479
2008 $1,896 $8,191 $4,255 $9,975
2009 $2,162 $8,465 $4,080 $10,237
2010 $2,455 $8,838 $4,292 $10,555
2011 $2,591 $8,988 $4,421 $10,436
2012 $2,996 $10,342 $4,297 $10,615
2013 $3,026 $10,511 $4,370 $10,672
2014 $3,133 $10,256 $4,459 $10,947
2015 $3,307 $10,903 $4,015 $10,783
2016 $3,271 $10,666 $3,848 $10,994
2017 $2,395 $11,125 $3,619 $11,289
2018 $2,485 $12,329 $3,628 $11,841
2019 $2,963 $13,364 $3,529 $12,495
2020 $3,511 $15,232 $3,549 $11,918
2021 $3,827 $15,579 $3,907 $12,444
2022 $4,233 $17,527 $3,707 $13,619
2023 $3,457 $18,525 $3,951 $14,041
2024 $3,338 $19,094 $4,181 $14,521

Spending and national debt comparison

In 2024, Egypt's government spending was $89.2B, accounting for 28% of its GDP, while Tunisia's spent $17.3B, or 31.8% of GDP.

Debt-to-GDP ratio is 85.1% in Egypt and 84.2% in Tunisia, ranking 36/185 and 37/185, respectively.

Egypt
Government spending

Government debt
Tunisia
Government spending

Government debt
Year % of GDP
Egypt Tunisia
Government spending Government debt Government spending Government debt
1991 - - 27.6% 63.3%
1992 - - 25.7% 62.1%
1993 - - 26.7% 63.8%
1994 - - 25.9% 63.9%
1995 - - 26.6% 65.6%
1996 - - 26.7% 66.8%
1997 - - 24.5% 66.6%
1998 - 73.8% 24.2% 58.2%
1999 26.3% 72.4% 24% 61.9%
2000 26% 71.7% 24% 62.9%
2001 27.9% 79.1% 24% 52.2%
2002 30.9% 85.8% 24.1% 51.6%
2003 30.6% 97.1% 23.5% 52.6%
2004 30.1% 96.5% 23% 51.6%
2005 30.3% 98.3% 23% 50%
2006 34.5% 85.9% 22.9% 45.7%
2007 31.3% 76.3% 23.3% 42.7%
2008 32.7% 66.8% 23.7% 41.4%
2009 32.5% 69.5% 24.6% 40.3%
2010 31.4% 69.6% 24% 38.8%
2011 30.5% 72.8% 27.9% 43.3%
2012 29.2% 69.9% 28.3% 49%
2013 32.9% 79.8% 30.8% 45.6%
2014 33.9% 80.9% 27.7% 50.7%
2015 31.3% 83.8% 27.4% 52.4%
2016 31% 91.6% 27.2% 58.9%
2017 30.6% 97.8% 28.7% 67.1%
2018 28.6% 87.9% 28.7% 72.9%
2019 26.9% 80.1% 29.5% 67.3%
2020 25.7% 86.2% 34.5% 77.7%
2021 25.5% 89.9% 33.2% 79.7%
2022 24.9% 88.5% 36.5% 82.9%
2023 22.7% 95.9% 35.7% 82.5%
2024 22.9% 90.9% 33.8% 83.1%
2025 28.9% 86.6% 32.4% 82.9%
2026 28% 85.1% 31.8% 84.2%

Government deficit by year

In 2024, Egypt's government deficit, the difference between spending and revenue, was -$27.7B, equivalent to -7.12% of GDP. This compares to Tunisia's deficit of -$3.04B, or -5.91% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Tunisia ran a deficit in 26 years. On average, Egypt posted an annual deficit equal to -6.86% of GDP, compared to deficit of -4.1% of GDP for Tunisia.

Deficit/surplus
Egypt

Tunisia
Year Deficit/surplus, % of GDP
Egypt Tunisia
1991 - -5.25%
1992 - -3.45%
1993 - -3.22%
1994 - -2.87%
1995 - -4.53%
1996 - -5.18%
1997 - -3.7%
1998 - -2.84%
1999 2.14% -3.05%
2000 1.32% -3.22%
2001 -1.07% -2.87%
2002 -6.77% -2.55%
2003 -5.73% -2.64%
2004 -5.76% -2.1%
2005 -6.69% -2.59%
2006 -7.35% -2.33%
2007 -4.9% -2.47%
2008 -6.05% -0.62%
2009 -6.2% -2.59%
2010 -7.45% -0.46%
2011 -9.6% -3.19%
2012 -9.47% -4.9%
2013 -12.3% -7.05%
2014 -10.7% -3.11%
2015 -10.4% -4.95%
2016 -11.8% -5.87%
2017 -9.9% -5.61%
2018 -8.97% -4.27%
2019 -7.6% -3.6%
2020 -7.47% -9.06%
2021 -6.96% -7.6%
2022 -5.74% -6.91%
2023 -5.77% -7.02%
2024 -7.12% -5.91%
2025 -12.1% -5.43%
2026 -10.1% -5.24%

Inflation comparison by year

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 4.52% in Tunisia. In 2024, inflation was 28.3% in Egypt and 6.1% in Tunisia.

Inflation
Egypt

Tunisia
Year Inflation
Egypt Tunisia
1997 4.63% 3.6%
1998 3.87% 3.1%
1999 3.08% 2.8%
2000 2.68% 2.8%
2001 2.27% 1.9%
2002 2.74% 2.7%
2003 4.51% 2.7%
2004 11.3% 3.7%
2005 4.87% 2%
2006 7.64% 4.1%
2007 9.32% 3.4%
2008 18.3% 4.9%
2009 11.8% 3.5%
2010 11.3% 4.4%
2011 10.1% 3.2%
2012 7.11% 4.6%
2013 9.47% 5.3%
2014 10.1% 4.6%
2015 10.4% 4.4%
2016 13.8% 3.6%
2017 29.5% 5.3%
2018 14.4% 7.3%
2019 9.15% 6.7%
2020 5.04% 5.6%
2021 5.21% 5.7%
2022 13.9% 8.3%
2023 33.9% 9.3%
2024 28.3% 7%
2025 - 5.9%
2026 - 6.1%

Top exports between countries

Egypt
Export category Export value
Textiles & consumer goods $69.6M
Chemicals & pharma $61.4M
Raw agricultural goods $61.4M
Raw materials & minerals $53.7M
Metals $42.9M
Processed food, beverages & tobacco $38.8M
Machinery & equipment $35.1M
Wood & paper products $4.3M
Animal & marine products $3.26M
Miscellaneous $1.14M
Tunisia
Export category Export value
Machinery & equipment $38.9M
Raw materials & minerals $5.41M
Chemicals & pharma $2.9M
Wood & paper products $1.51M
Raw agricultural goods $1.37M
Processed food, beverages & tobacco $1.02M
Textiles & consumer goods $446K
Metals $217K
Animal & marine products $196K
Miscellaneous $13K

Balance of trade

Egypt Tunisia
Current account balance
-$22.3B
2024
-$775M
2024
Current account balance ranking
184/190
2024
117/190
2024
Current account balance, % of GDP
-5.72%
2024
-1.51%
2024
Goods imports
$72.9B
2024
$18.7B
2024
Goods exports
$34.8B
2024
$8.95B
2024
Service imports
$27.5B
2024
$3.92B
2024
Service exports
$29.6B
2024
$11.2B
2024
Imports of goods and services, % of GDP
23.2%
2024
56.3%
2024
Exports of goods and services, % of GDP
16.4%
2024
50%
2024

Economic freedom indices

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

Egypt Tunisia
Economic freedom 50.9 49.1
Economic freedom ranking 158/197 166/197
Property rights 40.6 59.3
Government integrity 29.6 41.3
Judicial effectiveness 21.9 39.7
Tax burden 85.8 79.4
Government spending 82.2 63.1
Fiscal health 20.7 6.4
Business freedom 48 56.8
Labor freedom 43.6 56
Monetary freedom 62.6 71.3
Trade freedom 60.2 56.2
Investment freedom 65 30
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Egypt is 50.9, ranking 158/197, compared to 49.1 for Tunisia, ranking 166/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Egypt
Tunisia
Year Economic freedom index
Egypt Tunisia
1995 45.7 63.4
1996 52 63.9
1997 54.5 63.8
1998 55.8 63.9
1999 58 61.1
2000 51.7 61.3
2001 51.5 60.8
2002 54.1 60.2
2003 55.3 58.1
2004 55.5 58.4
2005 55.8 55.4
2006 53.2 57.5
2007 54.4 60.3
2008 58.5 60.1
2009 58 58
2010 59 58.9
2011 59.1 58.5
2012 57.9 58.6
2013 54.8 57
2014 52.9 57.3
2015 55.2 57.7
2016 56 57.6
2017 52.6 55.7
2018 53.4 58.9
2019 52.5 55.4
2020 54 55.8
2021 55.7 56.6
2022 49.1 54.2
2023 49.6 52.9
2024 49.7 48.8
2025 50.9 49.1

More economic indicators

Egypt Tunisia
Services, % of GDP
48.9%
2024
62.6%
2024
Industry, % of GDP
32.6%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
9.74%
2024
GNI, Atlas method
$409B
2024
$47.7B
2024
GNI per capita, PPP
$18,230
2024
$14,230
2024
Total reserves including gold
$44.9B
2024
$9.34B
2024
Total reserves ranking
44/177
2024
80/177
2024
Net foreign direct investment
-$46.1B
2024
-$725M
2024
Net inflows of foreign direct investment
$46.6B
2024
$760M
2024
Net outflows of foreign direct investment
$508M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
10.9%
2024
Poverty at national poverty lines
33.5%
2021
16.6%
2021
Gross capital formation, % of GDP
13%
2024
7.86%
2024

GDP per capita map

GDP per capita

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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.