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Economy of Burkina Faso vs Hungary compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $223B for Hungary, ranking 122/197 and 55/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Burkina Faso vs Hungary GDP by year

Burkina Faso
Hungary
1x
Year GDP, current $
Burkina Faso Hungary
2024 $23,124,729,853 $222,722,738,926
2023 $20,112,614,449 $213,240,316,635
2022 $18,622,421,395 $177,002,580,544
2021 $19,697,516,284 $183,282,685,440
2020 $17,725,010,533 $158,468,487,754
2019 $16,032,813,503 $164,936,682,034
2018 $15,890,066,221 $161,184,691,014
2017 $14,106,955,615 $143,335,098,992
2016 $12,833,363,045 $128,983,560,865
2015 $11,832,159,316 $125,244,126,623
2014 $13,943,016,077 $141,128,696,412
2013 $13,444,300,486 $135,646,053,779
2012 $12,561,015,157 $128,470,269,690
2011 $12,080,295,978 $141,712,804,954
2010 $10,109,619,741 $131,898,737,241
2009 $9,450,696,873 $130,807,441,076
2008 $9,451,435,490 $158,228,265,916
2007 $7,625,722,837 $140,123,326,896
2006 $6,547,419,820 $115,604,111,412
2005 $6,146,353,173 $113,098,237,571
2004 $5,451,688,538 $104,015,363,080
2003 $4,740,768,143 $85,190,469,121
2002 $3,622,350,063 $67,636,468,625
2001 $3,190,371,081 $53,800,068,066
2000 $2,968,370,088 $47,275,954,429
1999 $3,389,566,713 $49,160,204,397
1998 $2,804,902,367 $48,784,412,624
1997 $2,447,669,102 $47,398,564,799
1996 $2,586,550,595 $46,833,767,124
1995 $2,379,517,975 $46,577,614,589
1994 $1,895,290,637 $43,307,949,890
1993 $3,199,536,465 $40,256,233,360
1992 $3,356,692,505 $38,857,339,125
1991 $3,135,045,584 $34,867,307,353
1990 $3,101,300,779 $34,478,360,679
1989 $2,615,587,734 $30,422,508,938
1988 $2,616,040,479 $29,799,838,597
1987 $2,369,834,950 $27,232,016,527
1986 $2,036,303,358 $24,778,163,812
1985 $1,552,493,196 $21,510,643,750
1984 $1,459,880,132 $21,242,726,264
1983 $1,600,278,605 $21,910,365,258
1982 $1,754,450,096 $24,141,667,188
1981 $1,775,842,334 $23,705,883,892
1980 $1,928,719,888 $23,116,977,148
1979 $1,748,480,621 $19,959,731,325
1978 $1,475,583,645 $17,286,744,154
1977 $1,131,224,878 $14,783,674,055
1976 $976,547,188 $13,235,612,079
1975 $939,972,703 $11,420,392,515
1974 $751,133,430 $10,016,338,179
1973 $674,773,570 $9,138,292,402
1972 $578,595,522 $7,379,313,742
1971 $482,411,179 $6,291,568,221
1970 $458,404,269 $5,780,929,203
1969 $478,298,645 $5,429,812,387
1968 $460,442,689 $4,886,222,555
1967 $450,753,924 -
1966 $433,889,766 -
1965 $422,916,790 -
1964 $410,321,645 -
1963 $394,040,667 -
1962 $379,567,099 -
1961 $350,247,234 -
1960 $330,442,816 -

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

GeoRank.org/economy/burkina-faso/hungary | CC BY

GDP per capita in Burkina Faso vs Hungary by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $23,292 $48,552
2023 $873 $2,759 $22,231 $46,592
2022 $827 $2,645 $18,428 $44,366
2021 $896 $2,486 $19,031 $38,887
2020 $825 $2,381 $16,387 $35,584
2019 $765 $2,232 $17,013 $35,627
2018 $777 $2,073 $16,605 $32,258
2017 $709 $2,042 $14,736 $29,728
2016 $664 $1,882 $13,216 $28,179
2015 $630 $1,692 $12,783 $26,938
2014 $765 $1,661 $14,353 $25,796
2013 $760 $1,643 $13,739 $24,592
2012 $731 $1,572 $12,950 $23,205
2011 $725 $1,531 $14,211 $22,992
2010 $625 $1,449 $13,190 $21,691
2009 $602 $1,360 $13,051 $20,691
2008 $619 $1,351 $15,763 $20,709
2007 $515 $1,290 $13,935 $19,089
2006 $456 $1,244 $11,478 $18,362
2005 $441 $1,172 $11,212 $17,091
2004 $404 $1,079 $10,291 $16,251
2003 $362 $1,038 $8,410 $15,460
2002 $285.7 $974 $6,658 $14,532
2001 $259.5 $948 $5,281 $13,223
2000 $248.9 $896 $4,630 $11,872
1999 $292.8 $886 $4,802 $10,892
1998 $249.5 $838 $4,752 $10,415
1997 $223.9 $794 $4,606 $9,846
1996 $242.7 $753 $4,542 $9,388
1995 $229.1 $684 $4,509 $9,222
1994 $187.2 $650 $4,187 $8,888
1993 $324 $644 $3,887 $8,441
1992 $349 $623 $3,747 $8,284
1991 $334 $623 $3,361 $8,352
1990 $339 $567 $3,324 $9,169
1989 $293.2 - $2,902 -
1988 $301 - $2,812 -
1987 $280.2 - $2,566 -
1986 $247.5 - $2,331 -
1985 $194.1 - $2,020 -
1984 $187.8 - $1,991 -
1983 $211.9 - $2,050 -
1982 $239 - $2,255 -
1981 $248.7 - $2,213 -
1980 $277.6 - $2,158 -
1979 $258.5 - $1,865 -
1978 $223.9 - $1,618 -
1977 $176 - $1,388 -
1976 $155.5 - $1,249 -
1975 $152.9 - $1,083 -
1974 $124.7 - $956 -
1973 $114.1 - $876 -
1972 $99.6 - $710 -
1971 $84.5 - $607 -
1970 $81.7 - $559 -
1969 $86.8 - $527 -
1968 $85 - $476 -
1967 $84.6 - - -
1966 $82.8 - - -
1965 $82.1 - - -
1964 $80.9 - - -
1963 $78.9 - - -
1962 $77.2 - - -
1961 $72.2 - - -
1960 $69.2 - - -

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

GeoRank.org/economy/burkina-faso/hungary | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Hungary ranks 48th at $48,552.

Economic indicators

Burkina Faso Hungary
Gross domestic product
$23.1B
2024
$223B
2024
GDP rank
122/197
2024
55/197
2024
GDP growth
4.8%
2023-2024
0.56%
2023-2024
GDP per capita
$982
2024
$23,292
2024
GDP per capita rank
180/197
2024
55/197
2024
GDP per capita, PPP
$2,896
2024
$48,552
2024
GDP per capita PPP rank
181/197
2024
48/197
2024
Government debt
$13.2B
2024
$164B
2024
Debt-to-GDP ratio
57.2%
2024
73.5%
2024
Government debt per person
$562
2024
$17,109
2024
Government debt per person rank
162/185
2024
37/185
2024
Average annual personal income after taxes
$2,710
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%
30.2%
2021
24.4%
2022
Income share by poorest 10%
3%
2021
2.8%
2022
Government expenditure, % of GDP
27.8%
2024
46.9%
2024
Consumer prices inflation
4.19%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
3.44%
2024
4.47%
2024
Population
24756783
9475525

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Burkina Faso Hungary
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 46.9% 73.5%
2023 29.4% 56.8% 49.2% 73%
2022 32.9% 59.2% 48.7% 73.9%
2021 27.8% 55.5% 48.1% 76.2%
2020 24.4% 43.6% 51% 78.7%
2019 23.3% 41.7% 45.8% 65%
2018 24.2% 38.1% 45.9% 68.8%
2017 26.3% 33.9% 46.6% 72%
2016 21.6% 32.9% 46.7% 74.6%
2015 20.4% 31.3% 50.4% 75.7%
2014 20.9% 26.1% 50% 76.5%
2013 25.3% 25.9% 50.1% 77.2%
2012 22.7% 25.2% 49.2% 78.4%
2011 20.4% 24.5% 49.1% 80.5%
2010 21.7% 23.7% 48.9% 80.2%
2009 21.5% 25.9% 50.7% 78.2%
2008 18.6% 24.9% 48.8% 71.8%
2007 22.8% 22.4% 49.9% 65.6%
2006 21.9% 20.1% 51.4% 64.5%
2005 20.2% 39.2% 49.4% 60.6%
2004 20.3% 40.7% 48.8% 58.9%
2003 17.6% 39.7% 49.2% 58.2%
2002 19.5% 43.3% 51% 55.6%
2001 19.7% 46.6% 47.2% 52.2%
2000 19.8% 47.5% 47.3% 55.6%
1999 21.4% 46.4% 48.9% 60.3%
1998 19.7% 47.7% 50.7% 60.4%
1997 20% 48.4% 49.5% 62.2%
1996 19.8% 45.8% 50.9% 71.2%
1995 19.4% 48.9% 55% 83.9%
1994 17.8% 55.1% - 86.2%
1993 17.9% 33.6% - 87.2%
1992 16.7% 29.6% - 76.5%
1991 17% 28.7% - 74.2%
1990 18.4% 25.6% - 63.7%
1989 14.2% 25.5% - 70.7%
1988 16.2% 28.8% - -
1987 19.2% 30.7% - -
1986 16.3% 27.6% - -
1985 11.5% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/hungary | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 73.5% in Hungary, ranking 89/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Hungary
1x
Year Deficit/surplus, % of GDP
Burkina Faso Hungary
2024 -5.84% -4.92%
2023 -6.91% -6.75%
2022 -10.9% -6.17%
2021 -7.45% -7.11%
2020 -5.16% -7.49%
2019 -3.39% -2.02%
2018 -4.43% -2.05%
2017 -6.92% -2.45%
2016 -3.08% -1.79%
2015 -2.09% -2%
2014 -1.74% -2.77%
2013 -3.55% -2.6%
2012 -2.76% -2.33%
2011 -2.04% -5.22%
2010 -4.06% -4.44%
2009 -4.16% -4.76%
2008 -3.63% -3.78%
2007 -5.01% -5.09%
2006 14.3% -9.27%
2005 -4.89% -7.79%
2004 -4.19% -6.6%
2003 -1.79% -7.19%
2002 -4.43% -8.79%
2001 -3.56% -4%
2000 -3.03% -3.04%
1999 -3.29% -5.27%
1998 -2.6% -7.41%
1997 -2.64% -5.54%
1996 -1.67% -4.36%
1995 -2.65% -8.57%
1994 -1.89% -
1993 -3.81% -
1992 -2.51% -
1991 -2.77% -
1990 -7.54% -
1989 1.96% -
1988 -4.32% -
1987 -5.27% -
1986 -5.1% -
1985 -1.21% -
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 (1927–1989, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/hungary | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Hungary ran a deficit in 30 years. On average, Burkina Faso posted an annual deficit equal to 3.45% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Burkina Faso

Hungary
1x
Year Consumer prices inflation
Burkina Faso Hungary
2024 4.19% 3.7%
2023 0.74% 17.1%
2022 14.3% 14.6%
2021 3.65% 5.11%
2020 1.88% 3.33%
2019 -3.23% 3.34%
2018 1.96% 2.85%
2017 1.48% 2.35%
2016 0.44% 0.39%
2015 0.72% -0.06%
2014 -0.26% -0.23%
2013 0.53% 1.73%
2012 3.82% 5.65%
2011 2.76% 3.93%
2010 -0.76% 4.86%
2009 2.61% 4.21%
2008 10.7% 6.04%
2007 -0.23% 7.96%
2006 2.33% 3.93%
2005 6.42% 3.56%
2004 -0.4% 6.74%
2003 2.03% 4.66%
2002 2.18% 5.27%
2001 5.01% 9.12%
2000 -0.3% 9.8%
1999 -1.07% 10%
1998 5.08% 14.2%
1997 2.32% 18.3%

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

GeoRank.org/economy/burkina-faso/hungary | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 6.16% in Hungary. In 2024, inflation was 4.19% in Burkina Faso and 3.7% in Hungary.

Top exports between countries

Burkina Faso
Export category Export value
Machinery & equipment $32K
Hungary
Export category Export value
Machinery & equipment $780K
Textiles & consumer goods $731K
Chemicals & pharma $244K
Animal & marine products $229K
Raw agricultural goods $103K
Metals $32K
Processed food, beverages & tobacco $1K
Raw materials & minerals $1K

Balance of trade

Burkina Faso Hungary
Current account balance
-$1.02B
2023
$3.52B
2024
Current account balance ranking
122/190
2023
36/190
2024
Current account balance, % of GDP
-5.06%
2023
+1.58%
2024
Goods imports
$5.38B
2023
$130B
2024
Goods exports
$5.29B
2023
$129B
2024
Service imports
$1.45B
2023
$27.9B
2024
Service exports
$621M
2023
$38.9B
2024
Imports of goods and services, % of GDP
31.9%
2024
71.1%
2024
Exports of goods and services, % of GDP
28.6%
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.

Burkina Faso Hungary
Economic freedom 49.1 62.5
Economic freedom ranking 167/197 86/197
Property rights 17.6 67.3
Government integrity 40.2 44
Judicial effectiveness 26.1 61.9
Tax burden 80.8 85.1
Government spending 72.9 30.2
Fiscal health 13.4 32.7
Business freedom 37.8 70.8
Labor freedom 62.1 56.5
Monetary freedom 71.9 72.1
Trade freedom 61 79.4
Investment freedom 65 80
Financial freedom 40 70

Economic freedom comparison by year

Burkina Faso
Hungary
1x
Year Economic freedom index
Burkina Faso Hungary
2026 49.1 62.5
2025 51 61.4
2024 51.9 61.2
2023 56.2 64.1
2022 58.3 66.9
2021 56.5 67.2
2020 56.7 66.4
2019 59.4 65
2018 60 66.7
2017 59.6 65.8
2016 59.1 66
2015 58.6 66.8
2014 58.9 67
2013 59.9 67.3
2012 60.6 67.1
2011 60.6 66.6
2010 59.4 66.1
2009 59.5 66.8
2008 55.7 67.6
2007 55.1 64.8
2006 55.8 65
2005 56.6 63.5
2004 58 62.7
2003 58.9 63
2002 58.8 64.5
2001 56.7 65.6
2000 55.7 64.4
1999 55 59.6
1998 54.5 56.9
1997 54 55.3
1996 49.4 56.8
1995 - 55.2

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

GeoRank.org/economy/burkina-faso/hungary | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, 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

Burkina Faso Hungary
Services, % of GDP
43.9%
2024
59.5%
2024
Industry, % of GDP
26.5%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
2.71%
2024
GNI, Atlas method
$20.1B
2024
$199B
2024
GNI per capita, PPP
$2,720
2024
$47,290
2024
Total reserves including gold n/a
$46.4B
2024
Total reserves ranking n/a
42/177
2024
Net foreign direct investment
-$64.3M
2023
-$15.8B
2024
Net inflows of foreign direct investment
$82.9M
2024
-$62.2B
2024
Net outflows of foreign direct investment
$2.73M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
n/a
Poverty at national poverty lines
43.2%
2021
12.1%
2021
Gross capital formation, % of GDP
21.9%
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/burkina-faso/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 (1927–2001, 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.

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.