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%.
Egypt GDP from 1980 to 2024
The total market value of goods and services produced annually in Egypt.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |