Skip to content

Economy of Bosnia and Herzegovina vs Hungary compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $223B for Hungary, ranking 111/197 and 55/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Bosnia and Herzegovina vs Hungary GDP by year

Bosnia and Herzegovina
Hungary
1x
Year GDP, current $
Bosnia Hungary
2024 $29,613,572,023 $222,722,738,926
2023 $27,592,361,498 $213,240,316,635
2022 $24,534,663,636 $177,002,580,544
2021 $23,672,712,121 $183,282,685,440
2020 $20,226,038,370 $158,468,487,754
2019 $20,482,608,984 $164,936,682,034
2018 $20,484,058,033 $161,184,691,014
2017 $18,326,373,136 $143,335,098,992
2016 $17,116,926,554 $128,983,560,865
2015 $16,404,348,361 $125,244,126,623
2014 $18,558,734,107 $141,128,696,412
2013 $18,179,109,209 $135,646,053,779
2012 $17,226,735,996 $128,470,269,690
2011 $18,644,233,537 $141,712,804,954
2010 $17,176,315,804 $131,898,737,241
2009 $17,613,949,091 $130,807,441,076
2008 $19,112,796,623 $158,228,265,916
2007 $15,778,734,264 $140,123,326,896
2006 $12,864,841,906 $115,604,111,412
2005 $11,222,796,337 $113,098,237,571
2004 $10,156,541,221 $104,015,363,080
2003 $8,498,894,359 $85,190,469,121
2002 $6,728,220,983 $67,636,468,625
2001 $5,800,615,375 $53,800,068,066
2000 $5,567,772,769 $47,275,954,429
1999 $4,686,256,363 $49,160,204,397
1998 $4,116,774,301 $48,784,412,624
1997 $3,671,909,673 $47,398,564,799
1996 $2,786,045,322 $46,833,767,124
1995 $1,866,572,954 $46,577,614,589
1994 $1,255,802,469 $43,307,949,890
1993 $3,630,668,950 $40,256,233,360
1992 $4,735,044,707 $38,857,339,125
1991 $6,122,959,184 $34,867,307,353
1990 $7,753,478,261 $34,478,360,679
1989 - $30,422,508,938
1988 - $29,799,838,597
1987 - $27,232,016,527
1986 - $24,778,163,812
1985 - $21,510,643,750
1984 - $21,242,726,264
1983 - $21,910,365,258
1982 - $24,141,667,188
1981 - $23,705,883,892
1980 - $23,116,977,148
1979 - $19,959,731,325
1978 - $17,286,744,154
1977 - $14,783,674,055
1976 - $13,235,612,079
1975 - $11,420,392,515
1974 - $10,016,338,179
1973 - $9,138,292,402
1972 - $7,379,313,742
1971 - $6,291,568,221
1970 - $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/bosnia-and-herzegovina/hungary | CC BY

GDP per capita in Bosnia and Herzegovina vs Hungary by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $23,292 $48,552
2023 $8,663 $23,376 $22,231 $46,592
2022 $7,656 $21,651 $18,428 $44,366
2021 $7,295 $18,287 $19,031 $38,887
2020 $6,130 $16,370 $16,387 $35,584
2019 $6,122 $16,429 $17,013 $35,627
2018 $6,048 $14,859 $16,605 $32,258
2017 $5,345 $13,627 $14,736 $29,728
2016 $4,929 $12,899 $13,216 $28,179
2015 $4,662 $11,845 $12,783 $26,938
2014 $5,206 $11,168 $14,353 $25,796
2013 $5,035 $10,808 $13,739 $24,592
2012 $4,694 $10,121 $12,950 $23,205
2011 $4,983 $9,761 $14,211 $22,992
2010 $4,506 $9,086 $13,190 $21,691
2009 $4,540 $8,698 $13,051 $20,691
2008 $4,842 $8,587 $15,763 $20,709
2007 $3,931 $7,686 $13,935 $19,089
2006 $3,166 $6,869 $11,478 $18,362
2005 $2,740 $5,956 $11,212 $17,091
2004 $2,453 $5,407 $10,291 $16,251
2003 $2,034 $4,917 $8,410 $15,460
2002 $1,607 $4,665 $6,658 $14,532
2001 $1,388 $4,307 $5,281 $13,223
2000 $1,338 $4,148 $4,630 $11,872
1999 $1,135 $3,875 $4,802 $10,892
1998 $1,007 $3,524 $4,752 $10,415
1997 $914 $3,041 $4,606 $9,846
1996 $719 $2,269 $4,542 $9,388
1995 $502 $1,507 $4,509 $9,222
1994 $337 $1,269 $4,187 $8,888
1993 $930 $1,067 $3,887 $8,441
1992 $1,118 $982 $3,747 $8,284
1991 $1,373 $975 $3,361 $8,352
1990 $1,743 $1,043 $3,324 $9,169
1989 - - $2,902 -
1988 - - $2,812 -
1987 - - $2,566 -
1986 - - $2,331 -
1985 - - $2,020 -
1984 - - $1,991 -
1983 - - $2,050 -
1982 - - $2,255 -
1981 - - $2,213 -
1980 - - $2,158 -
1979 - - $1,865 -
1978 - - $1,618 -
1977 - - $1,388 -
1976 - - $1,249 -
1975 - - $1,083 -
1974 - - $956 -
1973 - - $876 -
1972 - - $710 -
1971 - - $607 -
1970 - - $559 -
1969 - - $527 -
1968 - - $476 -

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

GeoRank.org/economy/bosnia-and-herzegovina/hungary | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Hungary ranks 48th at $48,552.

Economic indicators

Bosnia Hungary
Gross domestic product
$29.6B
2024
$223B
2024
GDP rank
111/197
2024
55/197
2024
GDP growth
2.97%
2023-2024
0.56%
2023-2024
GDP per capita
$9,359
2024
$23,292
2024
GDP per capita rank
87/197
2024
55/197
2024
GDP per capita, PPP
$25,043
2024
$48,552
2024
GDP per capita PPP rank
83/197
2024
48/197
2024
Government debt
$8.74B
2024
$164B
2024
Debt-to-GDP ratio
29.5%
2024
73.5%
2024
Government debt per person
$2,763
2024
$17,109
2024
Government debt per person rank
107/185
2024
37/185
2024
Average annual personal income after taxes
$8,501
2026
$16,996
2026
Market capitalization of domestic companies n/a
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10%
25.1%
2011
24.4%
2022
Income share by poorest 10%
2.9%
2011
2.8%
2022
Government expenditure, % of GDP
43.3%
2024
46.9%
2024
Consumer prices inflation
1.7%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
10.7%
2024
4.47%
2024
Population
3116111
9475525

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Bosnia Hungary
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 46.9% 73.5%
2023 41.7% 29% 49.2% 73%
2022 39.4% 31.2% 48.7% 73.9%
2021 40.6% 35.8% 48.1% 76.2%
2020 45.4% 37.2% 51% 78.7%
2019 39.9% 32.8% 45.8% 65%
2018 40.4% 34.5% 45.9% 68.8%
2017 40% 38.6% 46.6% 72%
2016 41.5% 44.9% 46.7% 74.6%
2015 42.7% 46.4% 50.4% 75.7%
2014 46.2% 47.1% 50% 76.5%
2013 44.5% 43.8% 50.1% 77.2%
2012 46.9% 43.6% 49.2% 78.4%
2011 46.4% 40.9% 49.1% 80.5%
2010 48.7% 42.2% 48.9% 80.2%
2009 49% 36.4% 50.7% 78.2%
2008 48.4% 30.3% 48.8% 71.8%
2007 45.2% 18.2% 49.9% 65.6%
2006 44.2% 20.6% 51.4% 64.5%
2005 44.5% 24.9% 49.4% 60.6%
2004 45.6% 25.5% 48.8% 58.9%
2003 47.3% 27.6% 49.2% 58.2%
2002 47.4% 31.1% 51% 55.6%
2001 50.2% 35.1% 47.2% 52.2%
2000 56.2% 34.6% 47.3% 55.6%
1999 57.5% 56% 48.9% 60.3%
1998 54.4% 54.4% 50.7% 60.4%
1997 - - 49.5% 62.2%
1996 - - 50.9% 71.2%
1995 - - 55% 83.9%
1994 - - - 86.2%
1993 - - - 87.2%
1992 - - - 76.5%
1991 - - - 74.2%
1990 - - - 63.7%
1989 - - - 70.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/hungary | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 73.5% in Hungary, ranking 159/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Hungary
1x
Year Deficit/surplus, % of GDP
Bosnia Hungary
2024 -1.88% -4.92%
2023 -1.67% -6.75%
2022 0.15% -6.17%
2021 -0.18% -7.11%
2020 -4.5% -7.49%
2019 1.37% -2.02%
2018 1.63% -2.05%
2017 1.79% -2.45%
2016 0.34% -1.79%
2015 -0.19% -2%
2014 -2.87% -2.77%
2013 -1.28% -2.6%
2012 -2.68% -2.33%
2011 -2.73% -5.22%
2010 -4.06% -4.44%
2009 -5.34% -4.76%
2008 -3.82% -3.78%
2007 0.17% -5.09%
2006 2.08% -9.27%
2005 0.74% -7.79%
2004 -0.18% -6.6%
2003 -0.44% -7.19%
2002 -2.99% -8.79%
2001 -3.44% -4%
2000 -4.63% -3.04%
1999 -2.78% -5.27%
1998 -0.98% -7.41%
1997 - -5.54%
1996 - -4.36%
1995 - -8.57%
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/hungary | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Hungary ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 4.93% of GDP for Hungary.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Hungary
1x
Year Consumer prices inflation
Bosnia Hungary
2024 1.7% 3.7%
2023 6.1% 17.1%
2022 14% 14.6%
2021 2% 5.11%
2020 -1.1% 3.33%
2019 0.6% 3.34%
2018 1.4% 2.85%
2017 0.8% 2.35%
2016 -1.6% 0.39%
2015 -1% -0.06%
2014 -0.9% -0.23%
2013 -0.1% 1.73%
2012 2.1% 5.65%
2011 4% 3.93%
2010 2.1% 4.86%
2009 -0.4% 4.21%
2008 7.4% 6.04%
2007 1.5% 7.96%
2006 6.1% 3.93%
2005 3.6% 3.56%
2004 0.3% 6.74%
2003 0.5% 4.66%
2002 0.3% 5.27%
2001 3.2% 9.12%
2000 5% 9.8%
1999 2.8% 10%
1998 -0.3% 14.2%
1997 5.7% 18.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/hungary | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.16% in Hungary. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 3.7% in Hungary.

Top exports between countries

Bosnia
Export category Export value
Raw materials & minerals $45.6M
Machinery & equipment $34M
Textiles & consumer goods $32.9M
Transport & tourism services $26.5M
Metals $24.6M
Wood & paper products $6.15M
Chemicals & pharma $4.91M
Processed food, beverages & tobacco $4.64M
IT & IP services $1.42M
Raw agricultural goods $892K
Hungary
Export category Export value
Machinery & equipment $125M
Chemicals & pharma $122M
Processed food, beverages & tobacco $88M
Textiles & consumer goods $63.1M
Raw materials & minerals $56.4M
Raw agricultural goods $42.2M
Animal & marine products $29M
Metals $27.9M
Wood & paper products $26.1M
Miscellaneous $3.98M

Balance of trade

Bosnia Hungary
Current account balance
-$1.03B
2024
$3.52B
2024
Current account balance ranking
123/190
2024
36/190
2024
Current account balance, % of GDP
-3.47%
2024
+1.58%
2024
Goods imports
$14.8B
2024
$130B
2024
Goods exports
$8.36B
2024
$129B
2024
Service imports
$1.27B
2024
$27.9B
2024
Service exports
$3.74B
2024
$38.9B
2024
Imports of goods and services, % of GDP
54.3%
2024
71.1%
2024
Exports of goods and services, % of GDP
40.9%
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.

Bosnia Hungary
Economic freedom 63.1 62.5
Economic freedom ranking 83/197 86/197
Property rights 46.9 67.3
Government integrity 36.8 44
Judicial effectiveness 36.1 61.9
Tax burden 93.9 85.1
Government spending 48.4 30.2
Fiscal health 96.2 32.7
Business freedom 65.1 70.8
Labor freedom 62.7 56.5
Monetary freedom 77.5 72.1
Trade freedom 69 79.4
Investment freedom 65 80
Financial freedom 60 70

Economic freedom comparison by year

Bosnia and Herzegovina
Hungary
1x
Year Economic freedom index
Bosnia Hungary
2026 63.1 62.5
2025 63.5 61.4
2024 62 61.2
2023 62.9 64.1
2022 63.4 66.9
2021 62.9 67.2
2020 62.6 66.4
2019 61.9 65
2018 61.4 66.7
2017 60.2 65.8
2016 58.6 66
2015 59 66.8
2014 58.4 67
2013 57.3 67.3
2012 57.3 67.1
2011 57.5 66.6
2010 56.2 66.1
2009 53.1 66.8
2008 53.9 67.6
2007 54.4 64.8
2006 55.6 65
2005 48.8 63.5
2004 44.7 62.7
2003 40.6 63
2002 37.4 64.5
2001 36.6 65.6
2000 45.1 64.4
1999 29.4 59.6
1998 29.4 56.9
1997 - 55.3
1996 - 56.8
1995 - 55.2

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

GeoRank.org/economy/bosnia-and-herzegovina/hungary | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, 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

Bosnia Hungary
Services, % of GDP
56.6%
2024
59.5%
2024
Industry, % of GDP
22.4%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
2.71%
2024
GNI, Atlas method
$27.8B
2024
$199B
2024
GNI per capita, PPP
$24,990
2024
$47,290
2024
Total reserves including gold
$9.42B
2024
$46.4B
2024
Total reserves ranking
79/177
2024
42/177
2024
Net foreign direct investment
-$885M
2024
-$15.8B
2024
Net inflows of foreign direct investment
$1B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$119M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
12.1%
2021
Gross capital formation, % of GDP
27.5%
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/bosnia-and-herzegovina/hungary | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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 (2021–2024, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.