Egypt GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Egypt's GDP changed from approximately $23B 523M in 1980 to $347B 594M in 2024, showing an overall 1377.7% sharply increased during the period.
The lowest GDP was recorded in 1980 at $23B 523M, and the highest in 2022 at $475B 231M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.3%.
For comparison, the average annual growth rate of Ethiopia was 7.8%, and that of Algeria was 4.1%.

Overview of Egypt's GDP (1980–2024)

The Gross Domestic Product (GDP) of Egypt recorded a 1377.7% sharply increased from 1980 to 2024.
The average GDP during this period was $163B 683M, and the median was $96B 87M.
GDP fluctuated within a range of $451B 708M, with a standard deviation of $129B 491M.
The average annual change was $8B 882M.


Egypt GDP from 1980 to 2024

The total market value of goods and services produced annually in Egypt.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $23B 523M
    • Highest GDP: 2022, $475B 231M
    • Most Recent GDP: 2024, $347B 594M

    Notable Annual GDP Changes

    • 2020: Significant increase in GDP
    • 2017: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Egypt's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $317B 894M → $382B 525M
    • Outcome: sharply increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $137B 55M → $198B 316M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $104B 752M → $102B 273M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $79B 777M → $89B 189M
    • Outcome: sharply increased

    Key Economic Indicators of Egypt (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 23B 523M
    $ 580.04
    $ 2,183.17
    $ 88B 536M
    3.409 %
    -0.822 %
    15.68 %
    0 %
    40M 554K people
    1981
    $ 25B 760M
    $ 617.66
    $ 2,374.79
    $ 99B 43M
    2.198 %
    -4.332 %
    13.38 %
    0 %
    41M 706K people
    1982
    $ 30B 479M
    $ 711.35
    $ 2,633.53
    $ 112B 836M
    7.296 %
    -6.836 %
    12.44 %
    0 %
    42M 846K people
    1983
    $ 37B 254M
    $ 846.39
    $ 2,900.43
    $ 127B 662M
    8.876 %
    -3.974 %
    12.97 %
    0 %
    44M 15K people
    1984
    $ 41B 888M
    $ 925.97
    $ 3,158.47
    $ 142B 880M
    8.021 %
    -8.101 %
    10.22 %
    0 %
    45M 237K people
    1985
    $ 48B 841M
    $ 1,049.33
    $ 3,401.93
    $ 158B 343M
    7.425 %
    -4.568 %
    9.58 %
    0 %
    46M 545K people
    1986
    $ 54B 76M
    $ 1,132.46
    $ 3,543.76
    $ 169B 218M
    4.759 %
    -2.759 %
    8.09 %
    0 %
    47M 751K people
    1987
    $ 77B 359M
    $ 1,585.22
    $ 3,705.34
    $ 180B 821M
    4.273 %
    -1.299 %
    19.02 %
    0 %
    48M 800K people
    1988
    $ 92B 530M
    $ 1,858.03
    $ 3,909.11
    $ 194B 674M
    3.994 %
    -2.146 %
    18.99 %
    0 %
    49M 800K people
    1989
    $ 115B 362M
    $ 2,266.44
    $ 4,093.55
    $ 208B 362M
    2.993 %
    -2.173 %
    19.07 %
    0 %
    50M 900K people
    1990
    $ 96B 87M
    $ 1,870.85
    $ 4,307.57
    $ 221B 239M
    2.35 %
    -2.699 %
    21.16 %
    0 %
    51M 360K people
    1991
    $ 48B 431M
    $ 923.84
    $ 4,454.63
    $ 233B 525M
    2.1 %
    3.435 %
    33.04 %
    0 %
    52M 423K people
    1992
    $ 44B 168M
    $ 825.45
    $ 4,477.12
    $ 239B 563M
    0.3 %
    8.307 %
    31.60 %
    0 %
    53M 508K people
    1993
    $ 49B 526M
    $ 897.20
    $ 4,571.62
    $ 252B 353M
    2.9 %
    4.428 %
    20.79 %
    0 %
    55M 200K people
    1994
    $ 54B 550M
    $ 968.91
    $ 4,769.72
    $ 268B 535M
    4.188 %
    0.35 %
    21.55 %
    0 %
    56M 300K people
    1995
    $ 63B 250M
    $ 1,098.09
    $ 4,973.23
    $ 286B 458M
    4.484 %
    0.611 %
    20.62 %
    0 %
    57M 600K people
    1996
    $ 71B 118M
    $ 1,209.49
    $ 5,202.96
    $ 305B 934M
    4.879 %
    -0.259 %
    16.64 %
    0 %
    58M 800K people
    1997
    $ 79B 777M
    $ 1,327.40
    $ 5,484.71
    $ 329B 631M
    5.919 %
    0.149 %
    16.51 %
    0 %
    60M 100K people
    1998
    $ 89B 189M
    $ 1,454.96
    $ 5,847.94
    $ 358B 479M
    7.543 %
    -2.779 %
    17.51 %
    0 %
    61M 300K people
    1999
    $ 95B 39M
    $ 1,518.20
    $ 6,162.36
    $ 385B 764M
    6.11 %
    -1.814 %
    17.97 %
    6.626 %
    62M 600K people