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Economy of Andorra vs Hungary compared: GDP & Debt

Updated on by Georank

Andorra has a GDP of $4.5B compared to $246B for Hungary, ranking 166/197 and 55/197 by economy size, respectively.

Andorra vs Hungary GDP by year

Andorra
Hungary
1x
Year GDP, current $
Andorra Hungary
2025 $4,500,982,732 $246,490,213,513
2024 $4,044,249,679 $222,848,211,034
2023 $3,785,067,332 $213,029,511,029
2022 $3,380,612,573 $177,002,580,544
2021 $3,324,647,529 $183,282,685,440
2020 $2,891,001,149 $158,468,487,754
2019 $3,155,149,348 $164,936,682,034
2018 $3,218,419,897 $161,184,691,014
2017 $3,000,162,081 $143,335,098,992
2016 $2,896,610,480 $128,983,560,865
2015 $2,789,881,259 $125,244,126,623
2014 $3,271,685,597 $141,128,696,412
2013 $3,193,512,950 $135,646,053,779
2012 $3,188,652,765 $128,470,269,690
2011 $3,629,133,575 $141,712,804,954
2010 $3,449,925,739 $131,898,737,241
2009 $3,688,976,341 $130,807,441,076
2008 $4,102,319,399 $158,228,265,916
2007 $3,957,625,367 $140,123,326,896
2006 $3,459,337,987 $115,604,111,412
2005 $3,161,084,091 $113,098,237,571
2004 $2,900,245,324 $104,015,363,080
2003 $2,366,941,809 $85,190,469,121
2002 $1,764,279,824 $67,636,468,625
2001 $1,548,265,808 $53,800,068,066
2000 $1,432,606,189 $47,275,954,429
1999 $1,240,295,103 $49,160,204,397
1998 $1,211,953,994 $48,784,412,624
1997 $1,180,645,572 $47,398,564,799
1996 $1,224,024,139 $46,833,767,124
1995 $1,178,745,283 $46,577,614,589
1994 $1,017,544,069 $43,307,949,890
1993 $1,007,090,270 $40,256,233,360
1992 $1,209,992,020 $38,857,339,125
1991 $1,106,891,362 $34,867,307,353
1990 $1,028,989,692 $34,478,360,679
1989 $795,489,582 $30,422,508,938
1988 $721,425,939 $29,799,838,597
1987 $611,299,925 $27,232,016,527
1986 $481,996,013 $24,778,163,812
1985 $346,742,715 $21,510,643,750
1984 $330,073,081 $21,242,726,264
1983 $327,850,043 $21,910,365,258
1982 $375,914,744 $24,141,667,188
1981 $388,983,266 $23,705,883,892
1980 $446,377,777 $23,116,977,148
1979 $411,548,748 $19,959,731,325
1978 $308,020,261 $17,286,744,154
1977 $253,997,897 $14,783,674,055
1976 $227,283,851 $13,235,612,079
1975 $220,112,572 $11,420,392,515
1974 $186,557,082 $10,016,338,179
1973 $150,841,639 $9,138,292,402
1972 $113,414,397 $7,379,313,742
1971 $89,406,608 $6,291,568,221
1970 $78,617,711 $5,780,929,203
1969 - $5,429,812,387
1968 - $4,886,222,555

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/hungary | CC BY

GDP per capita in Andorra vs Hungary by year

Andorra
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $54,292 - $25,907 -
2024 $49,357 $74,939 $23,305 $48,552
2023 $46,812 $71,731 $22,209 $46,592
2022 $42,414 $68,470 $18,428 $44,366
2021 $42,426 $59,332 $19,031 $38,887
2020 $37,361 $52,096 $16,387 $35,584
2019 $41,258 $57,475 $17,013 $35,627
2018 $42,820 $55,245 $16,605 $32,258
2017 $40,673 $53,085 $14,736 $29,728
2016 $40,130 $53,110 $13,216 $28,179
2015 $38,655 $50,733 $12,783 $26,938
2014 $44,370 $48,506 $14,353 $25,796
2013 $42,470 $45,609 $13,739 $24,592
2012 $41,501 $45,503 $12,950 $23,205
2011 $46,657 $46,436 $14,211 $22,992
2010 $42,747 $43,853 $13,190 $21,691
2009 $43,975 $42,523 $13,051 $20,691
2008 $49,133 $44,839 $15,763 $20,709
2007 $48,336 $47,501 $13,935 $19,089
2006 $43,467 $46,853 $11,478 $18,362
2005 $40,830 $44,578 $11,212 $17,091
2004 $39,021 $42,717 $10,291 $16,251
2003 $34,064 $41,148 $8,410 $15,460
2002 $26,528 $38,787 $6,658 $14,532
2001 $23,511 $36,895 $5,281 $13,223
2000 $21,810 $33,458 $4,630 $11,872
1999 $18,875 $31,590 $4,802 $10,892
1998 $18,537 $30,073 $4,752 $10,415
1997 $18,248 $29,122 $4,606 $9,846
1996 $19,130 $26,542 $4,542 $9,388
1995 $18,443 $24,934 $4,509 $9,222
1994 $15,749 $23,509 $4,187 $8,888
1993 $15,917 $22,958 $3,887 $8,441
1992 $20,100 $23,817 $3,747 $8,284
1991 $19,533 $24,510 $3,361 $8,352
1990 $19,564 $24,909 $3,324 $9,169
1989 $15,715 - $2,902 -
1988 $14,599 - $2,812 -
1987 $12,828 - $2,566 -
1986 $10,539 - $2,331 -
1985 $7,912 - $2,020 -
1984 $7,808 - $1,991 -
1983 $8,082 - $2,050 -
1982 $9,698 - $2,255 -
1981 $10,465 - $2,213 -
1980 $12,475 - $2,158 -
1979 $11,996 - $1,865 -
1978 $9,410 - $1,618 -
1977 $8,168 - $1,388 -
1976 $7,721 - $1,249 -
1975 $7,925 - $1,083 -
1974 $7,140 - $956 -
1973 $6,151 - $876 -
1972 $4,940 - $710 -
1971 $4,170 - $607 -
1970 $3,935 - $559 -
1969 - - $527 -
1968 - - $476 -

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/hungary | CC BY

Andorra's GDP per capita is $54,292, ranking 24/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Hungary ranks 48th at $48,552.

Economic indicators

Andorra Hungary
Gross domestic product
$4.5B
2025
$246B
2025
GDP rank
166/197
2025
55/197
2025
GDP growth
3.87%
2024-2025
0.51%
2024-2025
GDP per capita
$54,292
2025
$25,907
2025
GDP per capita rank
24/197
2025
52/197
2025
GDP per capita, PPP
$74,939
2024
$48,552
2024
GDP per capita PPP rank
18/197
2024
48/197
2024
Government debt n/a
$185B
2025
Debt-to-GDP ratio n/a
75.2%
2025
Government debt per person n/a
$19,473
2025
Government debt per person rank n/a
33/185
2025
Average annual personal income after taxes
$30,784
2026
$18,331
2026
Market capitalization of domestic companies n/a
$62.6B
2025
Number of millionaires n/a
27,000
2026
Number of billionaires n/a
4
2026
Income share by richest 10% n/a
24.4%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
35%
2026
47.5%
2025
Consumer prices inflation
-0.9%
2019-2020
4.41%
2024-2025
Central bank interest rate n/a
6.25%
2026
Unemployment rate
3.7%
2016
4.4%
2025
Population
84217
9454659

Inflation comparison by year

Inflation
Andorra

Hungary
1x
Year Consumer prices inflation
Andorra Hungary
2025 - 4.41%
2024 - 3.7%
2023 - 17.1%
2022 - 14.6%
2021 - 5.11%
2020 -0.9% 3.33%
2019 -0.9% 3.34%
2018 -0.9% 2.85%
2017 - 2.35%
2016 - 0.39%
2015 -0.9% -0.06%
2014 - -0.23%
2013 - 1.73%
2012 1.1% 5.65%
2011 - 3.93%
2010 1.6% 4.86%
2009 - 4.21%
2008 2.3% 6.04%
2007 3.9% 7.96%
2006 - 3.93%
2005 3.2% 3.56%
2004 3.4% 6.74%
2003 - 4.66%
2002 - 5.27%
2001 - 9.12%
2000 4.3% 9.8%
1999 - 10%
1998 1.62% 14.2%
1997 - 18.3%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08).

GeoRank.org/economy/andorra/hungary | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 4.94% in Hungary. In 2020, inflation was -0.9% in Andorra and 4.41% in Hungary.

Top exports between countries

Andorra
Export category Export value
Machinery & equipment $948K
Textiles & consumer goods $6K
Chemicals & pharma $2K
Miscellaneous $2K
Hungary
Export category Export value
Machinery & equipment $151K
Processed food, beverages & tobacco $106K
Chemicals & pharma $76K
Metals $20K
Textiles & consumer goods $9K
Precious metals & jewellery $3K
Raw materials & minerals $3K

Balance of trade

Andorra Hungary
Current account balance
$649M
2024
$4.08B
2025
Current account balance ranking
54/190
2024
34/190
2025
Current account balance, % of GDP
+16%
2024
+1.65%
2025
Goods imports
$1.95B
2024
$139B
2025
Goods exports
$255M
2024
$136B
2025
Service imports
$1.04B
2024
$29.8B
2025
Service exports
$3.38B
2024
$43.1B
2025
Imports of goods and services, % of GDP n/a
68.1%
2025
Exports of goods and services, % of GDP
15%
2026
72.6%
2025

Economic freedom indices

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

Andorra Hungary
Economic freedom 72 62.5
Economic freedom ranking 28/197 86/197
Property rights n/a 67.3
Government integrity n/a 44
Judicial effectiveness n/a 61.9
Tax burden n/a 85.1
Government spending n/a 30.2
Fiscal health n/a 32.7
Business freedom n/a 70.8
Labor freedom n/a 56.5
Monetary freedom n/a 72.1
Trade freedom n/a 79.4
Investment freedom n/a 80
Financial freedom n/a 70

Other economic metrics

Andorra Hungary
Services, % of GDP
77.8%
2025
60.1%
2025
Industry, % of GDP
12.8%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
0.48%
2025
2.65%
2025
GNI, Atlas method
$4.41B
2025
$227B
2025
GNI per capita, PPP
$80,950
2025
$48,630
2025
Total reserves including gold n/a
$59.1B
2025
Total reserves ranking n/a
42/177
2025
Net foreign direct investment
-$150M
2024
$9.1B
2025
Net inflows of foreign direct investment
$268M
2024
-$61.3B
2024
Net outflows of foreign direct investment
$118M
2024
-$76.3B
2024
Poverty at national poverty lines
8%
2008
12.1%
2021
Gross capital formation, % of GDP n/a
22.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/andorra/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

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.