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Economy of Botswana vs Hungary compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $223B for Hungary, ranking 133/197 and 55/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Botswana vs Hungary GDP by year

Botswana
Hungary
1x
Year GDP, current $
Botswana Hungary
2024 $19,402,063,513 $222,722,738,926
2023 $19,411,266,967 $213,240,316,635
2022 $20,321,150,599 $177,002,580,544
2021 $18,750,182,236 $183,282,685,440
2020 $14,960,251,608 $158,468,487,754
2019 $16,725,908,149 $164,936,682,034
2018 $17,031,943,186 $161,184,691,014
2017 $16,105,155,857 $143,335,098,992
2016 $15,082,637,184 $128,983,560,865
2015 $13,530,748,845 $125,244,126,623
2014 $15,470,088,501 $141,128,696,412
2013 $14,271,738,933 $135,646,053,779
2012 $13,907,464,500 $128,470,269,690
2011 $15,110,643,612 $141,712,804,954
2010 $12,637,273,429 $131,898,737,241
2009 $10,118,459,242 $130,807,441,076
2008 $10,730,829,116 $158,228,265,916
2007 $10,567,270,656 $140,123,326,896
2006 $9,919,158,482 $115,604,111,412
2005 $9,918,907,108 $113,098,237,571
2004 $8,957,467,707 $104,015,363,080
2003 $7,511,582,173 $85,190,469,121
2002 $5,438,863,983 $67,636,468,625
2001 $5,489,608,300 $53,800,068,066
2000 $5,788,329,609 $47,275,954,429
1999 $5,484,263,347 $49,160,204,397
1998 $4,790,481,509 $48,784,412,624
1997 $5,020,265,627 $47,398,564,799
1996 $4,847,757,218 $46,833,767,124
1995 $4,730,599,122 $46,577,614,589
1994 $4,259,259,604 $43,307,949,890
1993 $4,160,129,175 $40,256,233,360
1992 $4,146,464,587 $38,857,339,125
1991 $3,942,876,703 $34,867,307,353
1990 $3,790,636,324 $34,478,360,679
1989 $3,083,822,112 $30,422,508,938
1988 $2,644,554,159 $29,799,838,597
1987 $1,965,226,890 $27,232,016,527
1986 $1,392,602,164 $24,778,163,812
1985 $1,114,783,343 $21,510,643,750
1984 $1,240,822,167 $21,242,726,264
1983 $1,172,230,397 $21,910,365,258
1982 $1,014,945,696 $24,141,667,188
1981 $1,073,812,830 $23,705,883,892
1980 $1,060,889,704 $23,116,977,148
1979 $819,870,259 $19,959,731,325
1978 $590,407,374 $17,286,744,154
1977 $451,624,780 $14,783,674,055
1976 $372,025,093 $13,235,612,079
1975 $355,168,572 $11,420,392,515
1974 $306,044,208 $10,016,338,179
1973 $244,124,164 $9,138,292,402
1972 $164,460,915 $7,379,313,742
1971 $127,448,614 $6,291,568,221
1970 $96,243,234 $5,780,929,203
1969 $77,361,547 $5,429,812,387
1968 $66,248,441 $4,886,222,555
1967 $58,642,354 -
1966 $51,465,655 -
1965 $45,788,696 -
1964 $41,616,348 -
1963 $38,091,843 -
1962 $35,644,957 -
1961 $32,902,613 -
1960 $30,411,414 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Botswana vs Hungary by year

Botswana
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $23,292 $48,552
2023 $7,826 $21,012 $22,231 $46,592
2022 $8,329 $19,977 $18,428 $44,366
2021 $7,808 $17,961 $19,031 $38,887
2020 $6,323 $15,292 $16,387 $35,584
2019 $7,172 $15,960 $17,013 $35,627
2018 $7,408 $15,786 $16,605 $32,258
2017 $7,105 $15,701 $14,736 $29,728
2016 $6,749 $16,228 $13,216 $28,179
2015 $6,141 $14,144 $12,783 $26,938
2014 $7,122 $15,003 $14,353 $25,796
2013 $6,667 $13,621 $13,739 $24,592
2012 $6,596 $12,737 $12,950 $23,205
2011 $7,287 $13,635 $14,211 $22,992
2010 $6,216 $12,753 $13,190 $21,691
2009 $5,083 $11,686 $13,051 $20,691
2008 $5,503 $13,810 $15,763 $20,709
2007 $5,529 $13,389 $13,935 $19,089
2006 $5,292 $12,563 $11,478 $18,362
2005 $5,391 $11,458 $11,212 $17,091
2004 $4,957 $10,818 $10,291 $16,251
2003 $4,230 $10,439 $8,410 $15,460
2002 $3,117 $9,958 $6,658 $14,532
2001 $3,206 $9,420 $5,281 $13,223
2000 $3,451 $9,380 $4,630 $11,872
1999 $3,340 $9,188 $4,802 $10,892
1998 $2,981 $8,441 $4,752 $10,415
1997 $3,194 $8,497 $4,606 $9,846
1996 $3,156 $7,890 $4,542 $9,388
1995 $3,156 $7,503 $4,509 $9,222
1994 $2,917 $7,049 $4,187 $8,888
1993 $2,929 $6,847 $3,887 $8,441
1992 $3,005 $6,753 $3,747 $8,284
1991 $2,939 $6,598 $3,361 $8,352
1990 $2,903 $6,104 $3,324 $9,169
1989 $2,428 - $2,902 -
1988 $2,141 - $2,812 -
1987 $1,639 - $2,566 -
1986 $1,200 - $2,331 -
1985 $994 - $2,020 -
1984 $1,145 - $1,991 -
1983 $1,121 - $2,050 -
1982 $1,006 - $2,255 -
1981 $1,107 - $2,213 -
1980 $1,132 - $2,158 -
1979 $909 - $1,865 -
1978 $695 - $1,618 -
1977 $565 - $1,388 -
1976 $490 - $1,249 -
1975 $493 - $1,083 -
1974 $446 - $956 -
1973 $374 - $876 -
1972 $264.2 - $710 -
1971 $212.2 - $607 -
1970 $163 - $559 -
1969 $131.8 - $527 -
1968 $113.4 - $476 -
1967 $100.9 - - -
1966 $89.1 - - -
1965 $79.7 - - -
1964 $73.5 - - -
1963 $68.9 - - -
1962 $66 - - -
1961 $62.3 - - -
1960 $58.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Hungary ranks 48th at $48,552.

Economic indicators

Botswana Hungary
Gross domestic product
$19.4B
2024
$223B
2024
GDP rank
133/197
2024
55/197
2024
GDP growth
-2.99%
2023-2024
0.56%
2023-2024
GDP per capita
$7,696
2024
$23,292
2024
GDP per capita rank
97/197
2024
55/197
2024
GDP per capita, PPP
$20,538
2024
$48,552
2024
GDP per capita PPP rank
95/197
2024
48/197
2024
Government debt
$5.82B
2024
$164B
2024
Debt-to-GDP ratio
30%
2024
73.5%
2024
Government debt per person
$2,310
2024
$17,109
2024
Government debt per person rank
114/185
2024
37/185
2024
Average annual personal income after taxes
$5,271
2026
$16,996
2026
Market capitalization of domestic companies
$3.59B
2023
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10%
42.9%
2015
24.4%
2022
Income share by poorest 10%
1.4%
2015
2.8%
2022
Government expenditure, % of GDP
33.8%
2024
46.9%
2024
Consumer prices inflation
2.82%
2023-2024
3.7%
2023-2024
Central bank interest rate
1.9%
2024
6.5%
2024
Unemployment rate
24.4%
2024
4.47%
2024
Population
2615162
9475525

Spending and national debt comparison by year

Botswana
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Botswana Hungary
Government spending Government debt Government spending Government debt
2024 33.8% 30% 46.9% 73.5%
2023 32.4% 22.5% 49.2% 73%
2022 29.5% 21.3% 48.7% 73.9%
2021 33% 23.4% 48.1% 76.2%
2020 38.5% 24.8% 51% 78.7%
2019 36.4% 21.3% 45.8% 65%
2018 35.9% 19.8% 45.9% 68.8%
2017 35% 19.8% 46.6% 72%
2016 34.2% 22.4% 46.7% 74.6%
2015 39.7% 25.7% 50.4% 75.7%
2014 36.4% 23.9% 50% 76.5%
2013 34.8% 24.7% 50.1% 77.2%
2012 38.3% 27.3% 49.2% 78.4%
2011 37.4% 28.1% 49.1% 80.5%
2010 44.7% 27.9% 48.9% 80.2%
2009 54.5% 23.5% 50.7% 78.2%
2008 48% 7.77% 48.8% 71.8%
2007 38.3% 6.12% 49.9% 65.6%
2006 34.1% 6.32% 51.4% 64.5%
2005 35% 7.74% 49.4% 60.6%
2004 42% 11.3% 48.8% 58.9%
2003 44% 7.29% 49.2% 58.2%
2002 46% 8.55% 51% 55.6%
2001 42.9% 7.61% 47.2% 52.2%
2000 39.8% 8.37% 47.3% 55.6%
1999 41.7% 9.68% 48.9% 60.3%
1998 44.3% 12% 50.7% 60.4%
1997 40% - 49.5% 62.2%
1996 37.2% - 50.9% 71.2%
1995 38.1% - 55% 83.9%
1994 39.2% - - 86.2%
1993 44.2% - - 87.2%
1992 43.4% - - 76.5%
1991 42.3% - - 74.2%
1990 40.5% - - 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/botswana/hungary | CC BY

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 73.5% in Hungary, ranking 158/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Hungary
1x
Year Deficit/surplus, % of GDP
Botswana Hungary
2024 -7.82% -4.92%
2023 -4.25% -6.75%
2022 -0.006% -6.17%
2021 -2.46% -7.11%
2020 -11.5% -7.49%
2019 -8.43% -2.02%
2018 -5.07% -2.05%
2017 -1.16% -2.45%
2016 0.72% -1.79%
2015 -5.06% -2%
2014 3.88% -2.77%
2013 6.07% -2.6%
2012 0.92% -2.33%
2011 -0.12% -5.22%
2010 -8.36% -4.44%
2009 -14.4% -4.76%
2008 -7.59% -3.78%
2007 5.92% -5.09%
2006 13.7% -9.27%
2005 10.7% -7.79%
2004 1.42% -6.6%
2003 -0.18% -7.19%
2002 -4.02% -8.79%
2001 -2.96% -4%
2000 8.95% -3.04%
1999 6.18% -5.27%
1998 - -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/botswana/hungary | CC BY

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Hungary ran a deficit in 26 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 4.83% of GDP for Hungary.

Inflation comparison by year

Inflation
Botswana

Hungary
1x
Year Consumer prices inflation
Botswana Hungary
2024 2.82% 3.7%
2023 5.07% 17.1%
2022 11.7% 14.6%
2021 7.24% 5.11%
2020 1.89% 3.33%
2019 2.77% 3.34%
2018 3.24% 2.85%
2017 3.31% 2.35%
2016 2.81% 0.39%
2015 3.06% -0.06%
2014 4.4% -0.23%
2013 5.88% 1.73%
2012 7.54% 5.65%
2011 8.46% 3.93%
2010 6.95% 4.86%
2009 8.03% 4.21%
2008 12.7% 6.04%
2007 7.08% 7.96%
2006 11.6% 3.93%
2005 8.61% 3.56%
2004 6.95% 6.74%
2003 9.19% 4.66%
2002 8.03% 5.27%
2001 6.56% 9.12%
2000 8.6% 9.8%
1999 7.75% 10%
1998 6.66% 14.2%
1997 8.72% 18.3%

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

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

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 6.16% in Hungary. In 2024, inflation was 2.82% in Botswana and 3.7% in Hungary.

Top exports between countries

Botswana
Export category Export value
Machinery & equipment $372K
Animal & marine products $1K
Textiles & consumer goods $1K
Hungary
Export category Export value
Processed food, beverages & tobacco $134K
Machinery & equipment $125K
Textiles & consumer goods $96K
Chemicals & pharma $70K
Raw materials & minerals $10K
Metals $2K
Wood & paper products $1K

Balance of trade

Botswana Hungary
Current account balance
-$821M
2024
$3.52B
2024
Current account balance ranking
118/190
2024
36/190
2024
Current account balance, % of GDP
-4.23%
2024
+1.58%
2024
Goods imports
$6.86B
2024
$130B
2024
Goods exports
$4.66B
2024
$129B
2024
Service imports
$1.29B
2024
$27.9B
2024
Service exports
$935M
2024
$38.9B
2024
Imports of goods and services, % of GDP
43.7%
2024
71.1%
2024
Exports of goods and services, % of GDP
27.4%
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.

Botswana Hungary
Economic freedom 67.7 62.5
Economic freedom ranking 53/197 86/197
Property rights 71.7 67.3
Government integrity 59.6 44
Judicial effectiveness 70.2 61.9
Tax burden 87.1 85.1
Government spending 69.8 30.2
Fiscal health 72.4 32.7
Business freedom 61.5 70.8
Labor freedom 60.7 56.5
Monetary freedom 72 72.1
Trade freedom 77 79.4
Investment freedom 50 80
Financial freedom 60 70

Economic freedom comparison by year

Botswana
Hungary
1x
Year Economic freedom index
Botswana Hungary
2026 67.7 62.5
2025 69.9 61.4
2024 68 61.2
2023 64.9 64.1
2022 64.8 66.9
2021 67.6 67.2
2020 69.6 66.4
2019 69.5 65
2018 69.9 66.7
2017 70.1 65.8
2016 71.1 66
2015 69.8 66.8
2014 72 67
2013 70.6 67.3
2012 69.6 67.1
2011 68.8 66.6
2010 70.3 66.1
2009 69.7 66.8
2008 68.2 67.6
2007 68.1 64.8
2006 68.8 65
2005 69.3 63.5
2004 69.9 62.7
2003 68.6 63
2002 66.2 64.5
2001 66.8 65.6
2000 65.8 64.4
1999 62.9 59.6
1998 62.8 56.9
1997 59.1 55.3
1996 61.6 56.8
1995 56.8 55.2

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, 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

Botswana Hungary
Services, % of GDP
63.5%
2024
59.5%
2024
Industry, % of GDP
29.4%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
2.71%
2024
GNI, Atlas method
$19.5B
2024
$199B
2024
GNI per capita, PPP
$20,570
2024
$47,290
2024
Total reserves including gold
$3.46B
2024
$46.4B
2024
Total reserves ranking
113/177
2024
42/177
2024
Net foreign direct investment
-$464M
2024
-$15.8B
2024
Net inflows of foreign direct investment
$467M
2024
-$62.2B
2024
Net outflows of foreign direct investment
$3.02M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
n/a
Poverty at national poverty lines
16.1%
2015
12.1%
2021
Gross capital formation, % of GDP
36%
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/botswana/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (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.