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Economy of Brunei vs Hungary compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $223B for Hungary, ranking 142/197 and 55/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Brunei vs Hungary GDP by year

Brunei
Hungary
1x
Year GDP, current $
Brunei Hungary
2024 $15,340,808,592 $222,722,738,926
2023 $15,095,084,656 $213,240,316,635
2022 $16,681,536,467 $177,002,580,544
2021 $14,006,496,617 $183,282,685,440
2020 $12,005,799,654 $158,468,487,754
2019 $13,469,235,365 $164,936,682,034
2018 $13,566,908,391 $161,184,691,014
2017 $12,128,168,045 $143,335,098,992
2016 $11,400,266,045 $128,983,560,865
2015 $12,930,296,870 $125,244,126,623
2014 $17,097,797,386 $141,128,696,412
2013 $18,094,148,099 $135,646,053,779
2012 $19,048,443,341 $128,470,269,690
2011 $18,524,791,063 $141,712,804,954
2010 $13,707,121,038 $131,898,737,241
2009 $11,912,904,510 $130,807,441,076
2008 $15,926,456,515 $158,228,265,916
2007 $13,432,029,484 $140,123,326,896
2006 $12,644,616,419 $115,604,111,412
2005 $10,547,202,621 $113,098,237,571
2004 $8,619,178,774 $104,015,363,080
2003 $7,167,725,262 $85,190,469,121
2002 $6,333,082,876 $67,636,468,625
2001 $6,096,155,767 $53,800,068,066
2000 $6,570,999,088 $47,275,954,429
1999 $6,309,070,378 $49,160,204,397
1998 $5,550,846,020 $48,784,412,624
1997 $7,793,034,376 $47,398,564,799
1996 $7,663,377,306 $46,833,767,124
1995 $7,700,144,069 $46,577,614,589
1994 $6,467,782,518 $43,307,949,890
1993 $6,203,339,912 $40,256,233,360
1992 $6,327,966,435 $38,857,339,125
1991 $6,284,497,294 $34,867,307,353
1990 $6,039,881,087 $34,478,360,679
1989 $4,983,622,881 $30,422,508,938
1988 $4,535,130,305 $29,799,838,597
1987 $4,918,010,080 $27,232,016,527
1986 $4,190,280,003 $24,778,163,812
1985 $6,967,623,884 $21,510,643,750
1984 $7,632,788,075 $21,242,726,264
1983 $7,927,590,750 $21,910,365,258
1982 $8,932,198,186 $24,141,667,188
1981 $9,367,218,664 $23,705,883,892
1980 $10,795,432,294 $23,116,977,148
1979 $6,044,367,628 $19,959,731,325
1978 $4,100,423,674 $17,286,744,154
1977 $3,681,242,528 $14,783,674,055
1976 $3,054,765,590 $13,235,612,079
1975 $2,496,420,258 $11,420,392,515
1974 $2,319,576,214 $10,016,338,179
1973 $433,095,527 $9,138,292,402
1972 $270,822,782 $7,379,313,742
1971 $197,525,768 $6,291,568,221
1970 $179,078,929 $5,780,929,203
1969 $161,210,236 $5,429,812,387
1968 $160,818,236 $4,886,222,555
1967 $139,029,537 -
1966 $132,757,528 -
1965 $114,039,501 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Brunei vs Hungary by year

Brunei
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $23,292 $48,552
2023 $32,891 $85,033 $22,231 $46,592
2022 $36,633 $81,802 $18,428 $44,366
2021 $31,007 $78,249 $19,031 $38,887
2020 $26,834 $69,788 $16,387 $35,584
2019 $30,427 $69,354 $17,013 $35,627
2018 $30,988 $65,149 $16,605 $32,258
2017 $28,024 $61,658 $14,736 $29,728
2016 $26,663 $56,680 $13,216 $28,179
2015 $30,625 $62,708 $12,783 $26,938
2014 $41,027 $81,226 $14,353 $25,796
2013 $44,003 $83,237 $13,739 $24,592
2012 $46,969 $87,256 $12,950 $23,205
2011 $46,383 $82,735 $14,211 $22,992
2010 $34,938 $79,543 $13,190 $21,691
2009 $30,946 $77,957 $13,051 $20,691
2008 $42,157 $80,477 $15,763 $20,709
2007 $36,217 $83,693 $13,935 $19,089
2006 $34,675 $86,114 $11,478 $18,362
2005 $29,386 $81,534 $11,212 $17,091
2004 $24,423 $80,404 $10,291 $16,251
2003 $20,678 $79,632 $8,410 $15,460
2002 $18,621 $76,838 $6,658 $14,532
2001 $18,288 $74,254 $5,281 $13,223
2000 $20,130 $73,087 $4,630 $11,872
1999 $19,752 $70,585 $4,802 $10,892
1998 $17,769 $68,257 $4,752 $10,415
1997 $25,522 $73,980 $4,606 $9,846
1996 $25,692 $70,008 $4,542 $9,388
1995 $26,443 $70,440 $4,509 $9,222
1994 $22,767 $69,779 $4,187 $8,888
1993 $22,397 $69,387 $3,887 $8,441
1992 $23,451 $70,016 $3,747 $8,284
1991 $23,932 $72,610 $3,361 $8,352
1990 $23,659 $70,201 $3,324 $9,169
1989 $20,090 - $2,902 -
1988 $18,825 - $2,812 -
1987 $21,030 - $2,566 -
1986 $18,501 - $2,331 -
1985 $31,827 - $2,020 -
1984 $36,061 - $1,991 -
1983 $38,720 - $2,050 -
1982 $45,075 - $2,255 -
1981 $48,793 - $2,213 -
1980 $58,005 - $2,158 -
1979 $33,501 - $1,865 -
1978 $23,447 - $1,618 -
1977 $21,747 - $1,388 -
1976 $18,671 - $1,249 -
1975 $15,793 - $1,083 -
1974 $15,195 - $956 -
1973 $2,939 - $876 -
1972 $1,905 - $710 -
1971 $1,432 - $607 -
1970 $1,325 - $559 -
1969 $1,226 - $527 -
1968 $1,274 - $476 -
1967 $1,149 - - -
1966 $1,146 - - -
1965 $1,029 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Hungary ranks 48th at $48,552.

Economic indicators

Brunei Hungary
Gross domestic product
$15.3B
2024
$223B
2024
GDP rank
142/197
2024
55/197
2024
GDP growth
4.05%
2023-2024
0.56%
2023-2024
GDP per capita
$33,153
2024
$23,292
2024
GDP per capita rank
36/197
2024
55/197
2024
GDP per capita, PPP
$89,879
2024
$48,552
2024
GDP per capita PPP rank
9/197
2024
48/197
2024
Government debt
$351M
2024
$164B
2024
Debt-to-GDP ratio
2.29%
2024
73.5%
2024
Government debt per person
$759
2024
$17,109
2024
Government debt per person rank
153/185
2024
37/185
2024
Average annual personal income after taxes
$24,405
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% n/a
24.4%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
29.8%
2024
46.9%
2024
Consumer prices inflation
-0.39%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
4.87%
2024
4.47%
2024
Population
470884
9475525

Spending and national debt comparison by year

Brunei
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Brunei Hungary
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 46.9% 73.5%
2023 29.4% 2.33% 49.2% 73%
2022 26.4% 2.06% 48.7% 73.9%
2021 29.3% 2.51% 48.1% 76.2%
2020 33.2% 2.86% 51% 78.7%
2019 32.4% 2.58% 45.8% 65%
2018 32.2% 2.59% 45.9% 68.8%
2017 36.6% 2.83% 46.6% 72%
2016 39.4% 3% 46.7% 74.6%
2015 38.7% 2.95% 50.4% 75.7%
2014 34.1% 3.23% 50% 76.5%
2013 33.6% 2.21% 50.1% 77.2%
2012 31% 2.1% 49.2% 78.4%
2011 29.7% 2.13% 49.1% 80.5%
2010 36.2% 1.11% 48.9% 80.2%
2009 34.8% 1.11% 50.7% 78.2%
2008 27.2% 0.94% 48.8% 71.8%
2007 29.3% 0.68% 49.9% 65.6%
2006 28% 0.59% 51.4% 64.5%
2005 29.1% 0% 49.4% 60.6%
2004 33.2% 0% 48.8% 58.9%
2003 30.9% 0% 49.2% 58.2%
2002 41.4% 0% 51% 55.6%
2001 35.5% 0% 47.2% 52.2%
2000 37.5% 0% 47.3% 55.6%
1999 44.1% 0% 48.9% 60.3%
1998 45.4% 0% 50.7% 60.4%
1997 39% 0% 49.5% 62.2%
1996 36.9% 0% 50.9% 71.2%
1995 44% 0% 55% 83.9%
1994 47.1% 0% - 86.2%
1993 38% 0% - 87.2%
1992 34.1% 0% - 76.5%
1991 30.6% 0% - 74.2%
1990 32% 0% - 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/brunei/hungary | CC BY

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 73.5% in Hungary, ranking 185/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Hungary
1x
Year Deficit/surplus, % of GDP
Brunei Hungary
2024 -10.2% -4.92%
2023 -10.9% -6.75%
2022 2.53% -6.17%
2021 -8.16% -7.11%
2020 -15.8% -7.49%
2019 -3.69% -2.02%
2018 -3.59% -2.05%
2017 -10.4% -2.45%
2016 -21.7% -1.79%
2015 -14.5% -2%
2014 3.58% -2.77%
2013 13% -2.6%
2012 15.8% -2.33%
2011 25.6% -5.22%
2010 7.61% -4.44%
2009 3.61% -4.76%
2008 36.1% -3.78%
2007 3.12% -5.09%
2006 19.8% -9.27%
2005 16% -7.79%
2004 8.57% -6.6%
2003 8.06% -7.19%
2002 -4.61% -8.79%
2001 2.59% -4%
2000 6.86% -3.04%
1999 -18.3% -5.27%
1998 -24% -7.41%
1997 -11.8% -5.54%
1996 -8.7% -4.36%
1995 -19.8% -8.57%
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -
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/brunei/hungary | CC BY

In 2024, Brunei's government deficit, the difference between spending and revenue, was $1.56B, equivalent to 10.2% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Brunei recorded a fiscal deficit in 15 of those years, while Hungary ran a deficit in 30 years. On average, Brunei posted an annual deficit equal to 0.44% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Brunei

Hungary
1x
Year Consumer prices inflation
Brunei Hungary
2024 -0.39% 3.7%
2023 0.36% 17.1%
2022 3.68% 14.6%
2021 1.73% 5.11%
2020 1.94% 3.33%
2019 -0.39% 3.34%
2018 1.03% 2.85%
2017 -1.26% 2.35%
2016 -0.28% 0.39%
2015 -0.49% -0.06%
2014 -0.21% -0.23%
2013 0.39% 1.73%
2012 0.11% 5.65%
2011 0.14% 3.93%
2010 0.36% 4.86%
2009 1.04% 4.21%
2008 2.08% 6.04%
2007 0.97% 7.96%
2006 0.16% 3.93%
2005 1.24% 3.56%
2004 0.81% 6.74%
2003 0.3% 4.66%
2002 -2.31% 5.27%
2001 0.6% 9.12%
2000 1.56% 9.8%
1999 -0.42% 10%
1998 -0.44% 14.2%
1997 1.71% 18.3%

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

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

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 6.16% in Hungary. In 2024, inflation was -0.39% in Brunei and 3.7% in Hungary.

Top exports between countries

Brunei
Export category Export value
Machinery & equipment $38K
Miscellaneous $1K
Raw materials & minerals $1K
Textiles & consumer goods $1K
Hungary
Export category Export value
Machinery & equipment $1.54M
Processed food, beverages & tobacco $51K
Textiles & consumer goods $26K
Chemicals & pharma $19K
Metals $18K
Wood & paper products $9K
Raw materials & minerals $2K

Balance of trade

Brunei Hungary
Current account balance
$2.23B
2024
$3.52B
2024
Current account balance ranking
45/190
2024
36/190
2024
Current account balance, % of GDP
+14.5%
2024
+1.58%
2024
Goods imports
$7.36B
2024
$130B
2024
Goods exports
$11.1B
2024
$129B
2024
Service imports
$1.75B
2024
$27.9B
2024
Service exports
$410M
2024
$38.9B
2024
Imports of goods and services, % of GDP
58.3%
2024
71.1%
2024
Exports of goods and services, % of GDP
74.3%
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.

Brunei Hungary
Economic freedom 67.5 62.5
Economic freedom ranking 55/197 86/197
Property rights 66.1 67.3
Government integrity 60.4 44
Judicial effectiveness 48.6 61.9
Tax burden 95 85.1
Government spending 75.6 30.2
Fiscal health 39 32.7
Business freedom 75.3 70.8
Labor freedom 75.1 56.5
Monetary freedom 74.8 72.1
Trade freedom 84.6 79.4
Investment freedom 65 80
Financial freedom 50 70

Economic freedom comparison by year

Brunei
Hungary
1x
Year Economic freedom index
Brunei Hungary
2026 67.5 62.5
2025 67 61.4
2024 65.9 61.2
2023 65.7 64.1
2022 64.8 66.9
2021 66.6 67.2
2020 66.6 66.4
2019 65.1 65
2018 64.2 66.7
2017 69.8 65.8
2016 67.3 66
2015 68.9 66.8
2014 69 67
2013 - 67.3
2012 - 67.1
2011 - 66.6
2010 - 66.1
2009 - 66.8
2008 - 67.6
2007 - 64.8
2006 - 65
2005 - 63.5
2004 - 62.7
2003 - 63
2002 - 64.5
2001 - 65.6
2000 - 64.4
1999 - 59.6
1998 - 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/brunei/hungary | CC BY

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, 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

Brunei Hungary
Services, % of GDP
39%
2024
59.5%
2024
Industry, % of GDP
61.7%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
2.71%
2024
GNI, Atlas method
$16.7B
2024
$199B
2024
GNI per capita, PPP
$92,750
2024
$47,290
2024
Total reserves including gold
$4.41B
2024
$46.4B
2024
Total reserves ranking
105/177
2024
42/177
2024
Net foreign direct investment
-$29.1M
2024
-$15.8B
2024
Net inflows of foreign direct investment
$29.1M
2024
-$62.2B
2024
Net outflows of foreign direct investment
$0
2024
-$78B
2024
Poverty at national poverty lines n/a
12.1%
2021
Gross capital formation, % of GDP
27.9%
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/brunei/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, 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 (2020–2024, 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.