The gross domestic product (GDP) in current prices in Egypt stood at about 383.11 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 359.59 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 203.78 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Egypt was worth 389.06 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Egypt represents 0.37 percent of the world economy. This dataset provides the latest reported value for - Egypt GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in Egypt was last recorded at 4137.61 US dollars in 2024. The GDP per Capita in Egypt is equivalent to 33 percent of the world's average. This dataset provides the latest reported value for - Egypt GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in Egypt was last recorded at 16798.15 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Egypt, when adjusted by Purchasing Power Parity is equivalent to 95 percent of the world's average. This dataset provides - Egypt GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth rate of Egypt’s gross domestic product (GDP) in 2021 was 3.25 percent after adjusting for inflation. At that time, the Egyptian economy was projected to increase growth to around 5.48 percent in 2030. What is GDP? Gross domestic product, or GDP, is the sum of all consumption, investment, and government spending in an economy, plus the net exports. This figure is the most commonly used measurement of an economy’s size. Also interesting is GDP per capita, which is GDP divided by the total population. This gives an idea of the level of development in a country. Reasons to follow GDP growth GDP growth can give an idea of a country’s future finances. This is important for countries with a negative budget balance. These countries need to secure loans to finance their deficits, and higher growth forecasts show a better ability to repay these loans. This results in lower interest rates on their sovereign debt. Egypt’s economy is quite stable for now, after years of political unrest that affected the economy.

Historical chart and dataset showing Egypt gdp growth rate by year from 1961 to 2023.

The Gross Domestic Product (GDP) in Egypt expanded 4.77 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Egypt GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

This statistic shows gross domestic product (GDP) of the MENA countries in 2024. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. In 2024, the GDP of Saudi Arabia amounted to approximately 1.085 trillion U.S. dollars.

Egypt recorded a Government Debt to GDP of 82.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Egypt Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Full Year GDP Growth in Egypt decreased to 3.50 percent in 2023 from 6.17 percent in 2022. This dataset includes a chart with historical data for Egypt Full Year GDP Growth.

Industry (including construction), value added (% of GDP) in Egypt was reported at 32.56 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Egypt - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Historical chart and dataset showing Egypt military spending/defense budget by year from 1962 to 2023.

Egypt was the largest economy in North Africa in 2022. In that year, its GDP amounted to 435.6 billion U.S. dollars, the second-highest in Africa after Nigeria. Algeria and Morocco followed, with the GDP totaling around 194 billion and 133 billion U.S. dollars, respectively.

GDP from Manufacturing in Egypt increased to 710173.13 EGP Million in the first quarter of 2025 from 698387.82 EGP Million in the fourth quarter of 2024. This dataset provides - Egypt Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

GDP from Construction in Egypt decreased to 455877.56 EGP Million in the first quarter of 2025 from 477452.85 EGP Million in the fourth quarter of 2024. This dataset provides - Egypt Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows gross domestic product (GDP) per capita in the MENA countries in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The MENA region in North Africa and Asia comprises Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, the estimated GDP per capita in Algeria amounted to around ******** U.S. dollars.

Historical chart and dataset showing Egypt foreign direct investment by year from 1970 to 2023.

In 2018, the average inflation rate in Egypt amounted to about 20.85 percent, a slight decrease compared to the previous year, when it peaked at 23.53 percent.

Political unrest

Egypt has been shaken by political unrest and turmoil for years now, and these events affect the economy as well. On January 25, 2011, Egyptians started protesting police brutality under then-president Hosni Mubarak, demanding an end to his reign. The protests were met with violence by armed forces, resulting in more unrest and looting. In the end, hundreds of Egyptians had lost their lives and over 6,000 were injured. After Mubarak’s subsequent resignation and the Muslim Brotherhood taking power in the country, Mohamed Morsi was elected President in 2012. He also was overthrown a year later after protests and was imprisoned. The current President, Abdel Fattah es-Sisi, was involved in overthrowing Morsi and took office in June 2014. Sisi introduced a number of economic reforms, but they did not succeed in stabilizing Egypt’s economy.

Economic unrest

2017 saw the Egyptian inflation rate skyrocket from 10.2 percent in 2016 to more than double that at 23.5 percent. Ever since, inflation has recovered only slowly, although projections today see it levelling off below ten percent in the future. Around the same year, Egypt’s GDP dropped to below 240 billion U.S. dollars, a historical low. Unemployment, another key indicator, has steadily been between 12 to 13 percent - one reason for this is Egypt’s reliance on agriculture, which does not factor into the unemployment rate. National debt has also increased dramatically over the last few years. All in all, the times of economic unrest are not yet over.