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Economy of Bahrain vs Hungary compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $223B for Hungary, ranking 96/197 and 55/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Bahrain vs Hungary GDP by year

Bahrain
Hungary
1x
Year GDP, current $
Bahrain Hungary
2024 $47,109,734,309 $222,722,738,926
2023 $46,192,260,638 $213,240,316,635
2022 $46,458,191,489 $177,002,580,544
2021 $40,840,212,766 $183,282,685,440
2020 $35,837,632,979 $158,468,487,754
2019 $40,446,808,511 $164,936,682,034
2018 $39,567,978,723 $161,184,691,014
2017 $37,204,813,830 $143,335,098,992
2016 $33,884,680,851 $128,983,560,865
2015 $32,523,297,872 $125,244,126,623
2014 $34,772,526,596 $141,128,696,412
2013 $33,823,324,468 $135,646,053,779
2012 $31,963,404,255 $128,470,269,690
2011 $29,914,680,851 $141,712,804,954
2010 $26,805,984,043 $131,898,737,241
2009 $22,938,218,085 $130,807,441,076
2008 $25,710,904,255 $158,228,265,916
2007 $21,730,000,000 $140,123,326,896
2006 $18,504,760,638 $115,604,111,412
2005 $15,968,723,404 $113,098,237,571
2004 $13,150,159,574 $104,015,363,080
2003 $11,074,813,830 $85,190,469,121
2002 $9,593,510,638 $67,636,468,625
2001 $8,976,196,809 $53,800,068,066
2000 $9,062,898,936 $47,275,954,429
1999 $7,528,469,149 $49,160,204,397
1998 $7,031,309,043 $48,784,412,624
1997 $7,219,407,713 $47,398,564,799
1996 $6,938,166,755 $46,833,767,124
1995 $6,651,180,851 $46,577,614,589
1994 $6,330,627,926 $43,307,949,890
1993 $5,913,001,064 $40,256,233,360
1992 $5,402,232,447 $38,857,339,125
1991 $5,248,911,170 $34,867,307,353
1990 $4,809,511,005 $34,478,360,679
1989 $4,393,093,963 $30,422,508,938
1988 $4,209,834,173 $29,799,838,597
1987 $3,856,922,694 $27,232,016,527
1986 $3,470,746,843 $24,778,163,812
1985 $4,152,376,484 $21,510,643,750
1984 $4,440,874,566 $21,242,726,264
1983 $4,247,030,468 $21,910,365,258
1982 $4,145,421,080 $24,141,667,188
1981 $3,943,109,532 $23,705,883,892
1980 $3,493,834,468 $23,116,977,148
1979 $2,710,160,739 $19,959,731,325
1978 $2,272,042,965 $17,286,744,154
1977 $1,989,060,283 $14,783,674,055
1976 $1,581,709,519 $13,235,612,079
1975 $1,099,107,601 $11,420,392,515
1974 $1,042,176,884 $10,016,338,179
1973 $761,132,545 $9,138,292,402
1972 $534,081,184 $7,379,313,742
1971 $422,181,562 $6,291,568,221
1970 $391,577,364 $5,780,929,203
1969 - $5,429,812,387
1968 - $4,886,222,555

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

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

GDP per capita in Bahrain vs Hungary by year

Bahrain
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $23,292 $48,552
2023 $29,290 $64,171 $22,231 $46,592
2022 $30,471 $61,678 $18,428 $44,366
2021 $27,148 $54,955 $19,031 $38,887
2020 $24,343 $53,436 $16,387 $35,584
2019 $27,260 $56,600 $17,013 $35,627
2018 $26,324 $51,993 $16,605 $32,258
2017 $24,785 $50,185 $14,736 $29,728
2016 $23,800 $47,429 $13,216 $28,179
2015 $23,734 $48,034 $12,783 $26,938
2014 $26,452 $54,299 $14,353 $25,796
2013 $26,990 $56,310 $13,739 $24,592
2012 $26,439 $56,713 $12,950 $23,205
2011 $25,033 $52,677 $14,211 $22,992
2010 $21,819 $49,255 $13,190 $21,691
2009 $19,465 $48,626 $13,051 $20,691
2008 $23,299 $50,330 $15,763 $20,709
2007 $20,908 $49,347 $13,935 $19,089
2006 $19,267 $48,009 $11,478 $18,362
2005 $17,966 $47,268 $11,212 $17,091
2004 $15,964 $46,317 $10,291 $16,251
2003 $14,486 $45,427 $8,410 $15,460
2002 $13,501 $45,091 $6,658 $14,532
2001 $13,573 $46,162 $5,281 $13,223
2000 $14,214 $45,688 $4,630 $11,872
1999 $12,123 $43,561 $4,802 $10,892
1998 $11,625 $42,281 $4,752 $10,415
1997 $12,255 $40,965 $4,606 $9,846
1996 $12,092 $40,106 $4,542 $9,388
1995 $11,901 $38,839 $4,509 $9,222
1994 $11,629 $37,579 $4,187 $8,888
1993 $11,152 $37,870 $3,887 $8,441
1992 $10,460 $33,648 $3,747 $8,284
1991 $10,434 $31,657 $3,361 $8,352
1990 $9,343 $26,902 $3,324 $9,169
1989 $8,833 - $2,902 -
1988 $8,772 - $2,812 -
1987 $8,333 - $2,566 -
1986 $7,777 - $2,331 -
1985 $9,649 - $2,020 -
1984 $10,697 - $1,991 -
1983 $10,599 - $2,050 -
1982 $10,712 - $2,255 -
1981 $10,557 - $2,213 -
1980 $9,733 - $2,158 -
1979 $7,891 - $1,865 -
1978 $6,926 - $1,618 -
1977 $6,358 - $1,388 -
1976 $5,310 - $1,249 -
1975 $3,880 - $1,083 -
1974 $3,874 - $956 -
1973 $2,981 - $876 -
1972 $2,206 - $710 -
1971 $1,830 - $607 -
1970 $1,742 - $559 -
1969 - - $527 -
1968 - - $476 -

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Hungary ranks 48th at $48,552.

Economic indicators

Bahrain Hungary
Gross domestic product
$47.1B
2024
$223B
2024
GDP rank
96/197
2024
55/197
2024
GDP growth
2.6%
2023-2024
0.56%
2023-2024
GDP per capita
$29,654
2024
$23,292
2024
GDP per capita rank
42/197
2024
55/197
2024
GDP per capita, PPP
$66,941
2024
$48,552
2024
GDP per capita PPP rank
26/197
2024
48/197
2024
Government debt
$62.8B
2024
$164B
2024
Debt-to-GDP ratio
133.4%
2024
73.5%
2024
Government debt per person
$39,552
2024
$17,109
2024
Government debt per person rank
14/185
2024
37/185
2024
Average annual personal income after taxes
$23,253
2026
$16,996
2026
Market capitalization of domestic companies
$20.4B
2024
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10% n/a
24.4%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
29.1%
2024
46.9%
2024
Consumer prices inflation
0.92%
2023-2024
3.7%
2023-2024
Central bank interest rate
4.25%
2025
6.5%
2024
Unemployment rate
1.2%
2012
4.47%
2024
Population
1669503
9475525

Spending and national debt comparison by year

Bahrain
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Bahrain Hungary
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 46.9% 73.5%
2023 29.1% 123% 49.2% 73%
2022 28.4% 111.6% 48.7% 73.9%
2021 30.6% 122.3% 48.1% 76.2%
2020 34.6% 125.7% 51% 78.7%
2019 31.2% 97.1% 45.8% 65%
2018 32.1% 90.4% 45.9% 68.8%
2017 30.7% 84% 46.6% 72%
2016 33.3% 77.4% 46.7% 74.6%
2015 34.8% 63.2% 50.4% 75.7%
2014 27.3% 42.6% 50% 76.5%
2013 32% 42.3% 50.1% 77.2%
2012 31.1% 34.8% 49.2% 78.4%
2011 30.2% 31.6% 49.1% 80.5%
2010 31.1% 28.8% 48.9% 80.2%
2009 24.6% 20.5% 50.7% 78.2%
2008 22.7% 12.1% 48.8% 71.8%
2007 22.4% 15.7% 49.9% 65.6%
2006 23.1% 19.4% 51.4% 64.5%
2005 23.9% 23.2% 49.4% 60.6%
2004 25% 28.2% 48.8% 58.9%
2003 28.1% 31.1% 49.2% 58.2%
2002 30.6% 27.2% 51% 55.6%
2001 26.5% 25% 47.2% 52.2%
2000 22.2% 24.7% 47.3% 55.6%
1999 27.1% 24.7% 48.9% 60.3%
1998 25.7% 20% 50.7% 60.4%
1997 31% 14.8% 49.5% 62.2%
1996 22.7% 13.1% 50.9% 71.2%
1995 25.1% 13.6% 55% 83.9%
1994 26.1% 5.62% - 86.2%
1993 26.7% 5.95% - 87.2%
1992 29.4% 6.45% - 76.5%
1991 28.5% 6.71% - 74.2%
1990 32.4% 7.24% - 63.7%
1989 - - - 70.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 73.5% in Hungary, ranking 9/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Hungary
1x
Year Deficit/surplus, % of GDP
Bahrain Hungary
2024 -10.6% -4.92%
2023 -9.67% -6.75%
2022 -6.02% -6.17%
2021 -10.6% -7.11%
2020 -17.3% -7.49%
2019 -8.57% -2.02%
2018 -11.3% -2.05%
2017 -13.4% -2.45%
2016 -16.6% -1.79%
2015 -17.5% -2%
2014 -3.32% -2.77%
2013 -8.55% -2.6%
2012 -5.77% -2.33%
2011 -4.9% -5.22%
2010 -9.29% -4.44%
2009 -5.36% -4.76%
2008 4.08% -3.78%
2007 1.52% -5.09%
2006 2.24% -9.27%
2005 2.8% -7.79%
2004 0.24% -6.6%
2003 -1.7% -7.19%
2002 -3.27% -8.79%
2001 0.7% -4%
2000 7.33% -3.04%
1999 -4.85% -5.27%
1998 -5.49% -7.41%
1997 -6.39% -5.54%
1996 0.24% -4.36%
1995 -3.99% -8.57%
1994 -5.18% -
1993 -2.77% -
1992 -5.41% -
1991 -3.47% -
1990 -6.79% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -0.17%
1942 - 0.31%
1941 - 0.2%
1940 - -0.07%
1939 - 0.19%
1938 - -0.11%
1937 - -0.01%
1936 - 0.08%
1935 - 0.03%
1934 - 0.04%
1933 - -0.03%
1932 - -0.22%
1931 - -0.32%
1930 - -0.26%
1929 - 0.02%
1928 - 0.12%
1927 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

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

In 2024, Bahrain's government deficit, the difference between spending and revenue, was $5B, equivalent to 10.6% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Bahrain recorded a fiscal deficit in 22 of those years, while Hungary ran a deficit in 30 years. On average, Bahrain posted an annual deficit equal to 5.51% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Bahrain

Hungary
1x
Year Consumer prices inflation
Bahrain Hungary
2024 0.92% 3.7%
2023 0.07% 17.1%
2022 3.63% 14.6%
2021 -0.61% 5.11%
2020 -2.32% 3.33%
2019 1.01% 3.34%
2018 2.09% 2.85%
2017 1.39% 2.35%
2016 2.79% 0.39%
2015 1.85% -0.06%
2014 2.65% -0.23%
2013 3.3% 1.73%
2012 2.76% 5.65%
2011 -0.4% 3.93%
2010 1.96% 4.86%
2009 2.8% 4.21%
2008 3.53% 6.04%
2007 3.26% 7.96%
2006 2.01% 3.93%
2005 2.59% 3.56%
2004 2.35% 6.74%
2003 1.59% 4.66%
2002 -0.5% 5.27%
2001 -1.21% 9.12%
2000 -0.7% 9.8%
1999 -1.29% 10%
1998 -0.37% 14.2%
1997 2.43% 18.3%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 6.16% in Hungary. In 2024, inflation was 0.92% in Bahrain and 3.7% in Hungary.

Top exports between countries

Bahrain
Export category Export value
Metals $7.59M
Textiles & consumer goods $4.2M
Machinery & equipment $1.15M
Miscellaneous $1K
Hungary
Export category Export value
Machinery & equipment $6.32M
Chemicals & pharma $1.67M
Raw materials & minerals $1.04M
Processed food, beverages & tobacco $679K
Animal & marine products $272K
Textiles & consumer goods $198K
Raw agricultural goods $39K
Wood & paper products $13K
Metals $10K
Miscellaneous $7K

Balance of trade

Bahrain Hungary
Current account balance
$2.28B
2024
$3.52B
2024
Current account balance ranking
44/190
2024
36/190
2024
Current account balance, % of GDP
+4.84%
2024
+1.58%
2024
Goods imports
$20.7B
2024
$130B
2024
Goods exports
$24.3B
2024
$129B
2024
Service imports
$12.4B
2024
$27.9B
2024
Service exports
$17B
2024
$38.9B
2024
Imports of goods and services, % of GDP
70.1%
2024
71.1%
2024
Exports of goods and services, % of GDP
87.7%
2024
75.4%
2024

Economic freedom indices

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

Bahrain Hungary
Economic freedom 65.7 62.5
Economic freedom ranking 63/197 86/197
Property rights 60.9 67.3
Government integrity 45.9 44
Judicial effectiveness 30 61.9
Tax burden 99.9 85.1
Government spending 75 30.2
Fiscal health 0 32.7
Business freedom 75.9 70.8
Labor freedom 55.5 56.5
Monetary freedom 88.8 72.1
Trade freedom 86.8 79.4
Investment freedom 90 80
Financial freedom 80 70

Economic freedom comparison by year

Bahrain
Hungary
1x
Year Economic freedom index
Bahrain Hungary
2026 65.7 62.5
2025 65.6 61.4
2024 63.4 61.2
2023 62.5 64.1
2022 62 66.9
2021 69.9 67.2
2020 66.3 66.4
2019 66.4 65
2018 67.7 66.7
2017 68.5 65.8
2016 74.3 66
2015 73.4 66.8
2014 75.1 67
2013 75.5 67.3
2012 75.2 67.1
2011 77.7 66.6
2010 76.3 66.1
2009 74.8 66.8
2008 72.2 67.6
2007 71.2 64.8
2006 71.6 65
2005 71.2 63.5
2004 75.1 62.7
2003 76.3 63
2002 75.6 64.5
2001 75.9 65.6
2000 75.7 64.4
1999 75.2 59.6
1998 75.6 56.9
1997 76.1 55.3
1996 76.4 56.8
1995 76.2 55.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Hungary
Services, % of GDP
53.2%
2024
59.5%
2024
Industry, % of GDP
42.3%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
2.71%
2024
GNI, Atlas method
$44.6B
2024
$199B
2024
GNI per capita, PPP
$62,230
2024
$47,290
2024
Total reserves including gold
$4.95B
2024
$46.4B
2024
Total reserves ranking
102/177
2024
42/177
2024
Net foreign direct investment
-$2.43B
2024
-$15.8B
2024
Net inflows of foreign direct investment
$2.7B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$275M
2024
-$78B
2024
Poverty at national poverty lines n/a
12.1%
2021
Gross capital formation, % of GDP
28.4%
2024
23.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.