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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
