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Economy of Cameroon vs Hungary compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $223B for Hungary, ranking 91/197 and 55/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Cameroon vs Hungary GDP by year

Cameroon
Hungary
1x
Year GDP, current $
Cameroon Hungary
2024 $53,296,694,320 $222,722,738,926
2023 $48,814,501,547 $213,240,316,635
2022 $44,347,206,073 $177,002,580,544
2021 $45,011,937,347 $183,282,685,440
2020 $40,773,241,177 $158,468,487,754
2019 $39,667,757,528 $164,936,682,034
2018 $39,955,552,190 $161,184,691,014
2017 $36,098,547,033 $143,335,098,992
2016 $33,814,337,044 $128,983,560,865
2015 $32,210,233,020 $125,244,126,623
2014 $36,386,544,706 $141,128,696,412
2013 $33,728,621,180 $135,646,053,779
2012 $30,155,062,329 $128,470,269,690
2011 $30,630,910,495 $141,712,804,954
2010 $27,507,501,821 $131,898,737,241
2009 $27,932,970,317 $130,807,441,076
2008 $27,715,142,033 $158,228,265,916
2007 $23,928,250,433 $140,123,326,896
2006 $20,910,512,975 $115,604,111,412
2005 $19,509,852,207 $113,098,237,571
2004 $18,826,214,136 $104,015,363,080
2003 $15,970,315,035 $85,190,469,121
2002 $12,417,251,350 $67,636,468,625
2001 $10,953,485,349 $53,800,068,066
2000 $10,566,579,295 $47,275,954,429
1999 $11,565,826,465 $49,160,204,397
1998 $11,298,144,990 $48,784,412,624
1997 $10,789,458,433 $47,398,564,799
1996 $11,093,538,846 $46,833,767,124
1995 $10,864,772,471 $46,577,614,589
1994 $8,902,446,252 $43,307,949,890
1993 $16,181,814,713 $40,256,233,360
1992 $12,071,775,335 $38,857,339,125
1991 $11,840,192,296 $34,867,307,353
1990 $12,314,482,628 $34,478,360,679
1989 $11,012,566,195 $30,422,508,938
1988 $12,236,057,362 $29,799,838,597
1987 $13,049,659,981 $27,232,016,527
1986 $11,857,056,199 $24,778,163,812
1985 $8,544,810,498 $21,510,643,750
1984 $7,311,938,026 $21,242,726,264
1983 $6,870,200,010 $21,910,365,258
1982 $6,611,255,964 $24,141,667,188
1981 $6,610,938,617 $23,705,883,892
1980 $6,674,569,047 $23,116,977,148
1979 $5,919,002,983 $19,959,731,325
1978 $4,662,852,583 $17,286,744,154
1977 $3,394,664,024 $14,783,674,055
1976 $2,898,090,002 $13,235,612,079
1975 $2,857,037,371 $11,420,392,515
1974 $2,157,415,533 $10,016,338,179
1973 $1,901,393,361 $9,138,292,402
1972 $1,498,251,890 $7,379,313,742
1971 $1,236,941,394 $6,291,568,221
1970 $1,151,216,993 $5,780,929,203
1969 $1,100,551,489 $5,429,812,387
1968 $1,046,191,218 $4,886,222,555
1967 $936,175,260 -
1966 $851,112,535 -
1965 $814,083,266 -
1964 $776,650,177 -
1963 $718,320,845 -
1962 $694,247,864 -
1961 $652,777,608 -
1960 $614,206,068 -

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

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

GDP per capita in Cameroon vs Hungary by year

Cameroon
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $23,292 $48,552
2023 $1,720 $5,411 $22,231 $46,592
2022 $1,605 $5,189 $18,428 $44,366
2021 $1,672 $4,794 $19,031 $38,887
2020 $1,556 $4,365 $16,387 $35,584
2019 $1,555 $4,241 $17,013 $35,627
2018 $1,611 $4,011 $16,605 $32,258
2017 $1,496 $3,767 $14,736 $29,728
2016 $1,442 $3,627 $13,216 $28,179
2015 $1,415 $3,498 $12,783 $26,938
2014 $1,649 $3,422 $14,353 $25,796
2013 $1,576 $3,239 $13,739 $24,592
2012 $1,449 $3,060 $12,950 $23,205
2011 $1,514 $2,989 $14,211 $22,992
2010 $1,399 $2,914 $13,190 $21,691
2009 $1,461 $2,879 $13,051 $20,691
2008 $1,492 $2,870 $15,763 $20,709
2007 $1,326 $2,818 $13,935 $19,089
2006 $1,191 $2,704 $11,478 $18,362
2005 $1,143 $2,598 $11,212 $17,091
2004 $1,133 $2,533 $10,291 $16,251
2003 $988 $2,368 $8,410 $15,460
2002 $790 $2,263 $6,658 $14,532
2001 $715 $2,191 $5,281 $13,223
2000 $709 $2,108 $4,630 $11,872
1999 $796 $2,039 $4,802 $10,892
1998 $799 $1,975 $4,752 $10,415
1997 $783 $1,915 $4,606 $9,846
1996 $827 $1,850 $4,542 $9,388
1995 $832 $1,790 $4,509 $9,222
1994 $701 $1,752 $4,187 $8,888
1993 $1,310 $1,731 $3,887 $8,441
1992 $1,005 $1,890 $3,747 $8,284
1991 $1,015 $1,963 $3,361 $8,352
1990 $1,087 $2,032 $3,324 $9,169
1989 $1,001 - $2,902 -
1988 $1,145 - $2,812 -
1987 $1,258 - $2,566 -
1986 $1,179 - $2,331 -
1985 $875 - $2,020 -
1984 $772 - $1,991 -
1983 $746 - $2,050 -
1982 $732 - $2,255 -
1981 $750 - $2,213 -
1980 $784 - $2,158 -
1979 $718 - $1,865 -
1978 $582 - $1,618 -
1977 $435 - $1,388 -
1976 $381 - $1,249 -
1975 $386 - $1,083 -
1974 $299.9 - $956 -
1973 $271.8 - $876 -
1972 $220.1 - $710 -
1971 $186.7 - $607 -
1970 $178.5 - $559 -
1969 $175.2 - $527 -
1968 $170.8 - $476 -
1967 $156.6 - - -
1966 $145.8 - - -
1965 $142.7 - - -
1964 $139.2 - - -
1963 $131.6 - - -
1962 $130 - - -
1961 $124.6 - - -
1960 $119.1 - - -

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

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Hungary ranks 48th at $48,552.

Economic indicators

Cameroon Hungary
Gross domestic product
$53.3B
2024
$223B
2024
GDP rank
91/197
2024
55/197
2024
GDP growth
3.52%
2023-2024
0.56%
2023-2024
GDP per capita
$1,830
2024
$23,292
2024
GDP per capita rank
158/197
2024
55/197
2024
GDP per capita, PPP
$5,589
2024
$48,552
2024
GDP per capita PPP rank
156/197
2024
48/197
2024
Government debt
$22.8B
2024
$164B
2024
Debt-to-GDP ratio
42.8%
2024
73.5%
2024
Government debt per person
$784
2024
$17,109
2024
Government debt per person rank
152/185
2024
37/185
2024
Average annual personal income after taxes
$1,578
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%
31.1%
2021
24.4%
2022
Income share by poorest 10%
2.1%
2021
2.8%
2022
Government expenditure, % of GDP
16.7%
2024
46.9%
2024
Consumer prices inflation
4.53%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
3.28%
2021
4.47%
2024
Population
30864115
9475525

Spending and national debt comparison by year

Cameroon
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Cameroon Hungary
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 46.9% 73.5%
2023 17.1% 43.1% 49.2% 73%
2022 17.1% 45.6% 48.7% 73.9%
2021 17.1% 47.2% 48.1% 76.2%
2020 16.6% 44.9% 51% 78.7%
2019 18.7% 41.6% 45.8% 65%
2018 18% 38.3% 45.9% 68.8%
2017 19.2% 36.5% 46.6% 72%
2016 20.2% 32.1% 46.7% 74.6%
2015 20.1% 31.6% 50.4% 75.7%
2014 20.1% 20.7% 50% 76.5%
2013 19.2% 17.5% 50.1% 77.2%
2012 17.2% 14.9% 49.2% 78.4%
2011 17.8% 15.9% 49.1% 80.5%
2010 15.2% 14% 48.9% 80.2%
2009 14.7% 11.3% 50.7% 78.2%
2008 15.9% 11.2% 48.8% 71.8%
2007 13.5% 13.8% 49.9% 65.6%
2006 12.5% 18.4% 51.4% 64.5%
2005 12.4% 43.8% 49.4% 60.6%
2004 13.4% 51.7% 48.8% 58.9%
2003 13.2% 51.5% 49.2% 58.2%
2002 13.9% 56.6% 51% 55.6%
2001 14.6% 62.2% 47.2% 52.2%
2000 14.6% 75.9% 47.3% 55.6%
1999 - 68.4% 48.9% 60.3%
1998 - 67.8% 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/cameroon/hungary | CC BY

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 73.5% in Hungary, ranking 125/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Hungary
1x
Year Deficit/surplus, % of GDP
Cameroon Hungary
2024 -1.48% -4.92%
2023 -0.63% -6.75%
2022 -1.11% -6.17%
2021 -3.01% -7.11%
2020 -3.19% -7.49%
2019 -3.24% -2.02%
2018 -2.41% -2.05%
2017 -4.72% -2.45%
2016 -5.88% -1.79%
2015 -4.25% -2%
2014 -4.09% -2.77%
2013 -3.55% -2.6%
2012 -1.4% -2.33%
2011 -2.26% -5.22%
2010 -0.93% -4.44%
2009 -0.04% -4.76%
2008 2% -3.78%
2007 3.87% -5.09%
2006 28.2% -9.27%
2005 3.03% -7.79%
2004 -0.46% -6.6%
2003 0.56% -7.19%
2002 1.51% -8.79%
2001 0.86% -4%
2000 1.54% -3.04%
1999 - -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/cameroon/hungary | CC BY

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Hungary ran a deficit in 25 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 4.82% of GDP for Hungary.

Inflation comparison by year

Inflation
Cameroon

Hungary
1x
Year Consumer prices inflation
Cameroon Hungary
2024 4.53% 3.7%
2023 7.38% 17.1%
2022 6.25% 14.6%
2021 2.27% 5.11%
2020 2.44% 3.33%
2019 2.45% 3.34%
2018 1.07% 2.85%
2017 0.64% 2.35%
2016 0.87% 0.39%
2015 2.68% -0.06%
2014 1.85% -0.23%
2013 2.05% 1.73%
2012 2.74% 5.65%
2011 2.94% 3.93%
2010 1.28% 4.86%
2009 3.04% 4.21%
2008 5.34% 6.04%
2007 0.92% 7.96%
2006 5.12% 3.93%
2005 2.01% 3.56%
2004 0.23% 6.74%
2003 0.62% 4.66%
2002 2.83% 5.27%
2001 4.42% 9.12%
2000 1.23% 9.8%
1999 1.87% 10%
1998 3.17% 14.2%
1997 4.79% 18.3%

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

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

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 6.16% in Hungary. In 2024, inflation was 4.53% in Cameroon and 3.7% in Hungary.

Top exports between countries

Cameroon
Export category Export value
Raw materials & minerals $52.4M
Machinery & equipment $571K
Hungary
Export category Export value
Chemicals & pharma $7.02M
Textiles & consumer goods $1.97M
Animal & marine products $909K
Machinery & equipment $874K
Raw agricultural goods $376K
Raw materials & minerals $254K
Processed food, beverages & tobacco $118K
Miscellaneous $56K
Metals $31K
Wood & paper products $13K

Balance of trade

Cameroon Hungary
Current account balance
-$2.02B
2023
$3.52B
2024
Current account balance ranking
144/190
2023
36/190
2024
Current account balance, % of GDP
-4.14%
2023
+1.58%
2024
Goods imports
$7.74B
2023
$130B
2024
Goods exports
$6.34B
2023
$129B
2024
Service imports
$2.55B
2023
$27.9B
2024
Service exports
$2.01B
2023
$38.9B
2024
Imports of goods and services, % of GDP
18.7%
2024
71.1%
2024
Exports of goods and services, % of GDP
15.7%
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.

Cameroon Hungary
Economic freedom 52 62.5
Economic freedom ranking 151/197 86/197
Property rights 28.1 67.3
Government integrity 21 44
Judicial effectiveness 10.1 61.9
Tax burden 72.2 85.1
Government spending 91.4 30.2
Fiscal health 94.5 32.7
Business freedom 48.6 70.8
Labor freedom 45.6 56.5
Monetary freedom 75.3 72.1
Trade freedom 57.2 79.4
Investment freedom 30 80
Financial freedom 50 70

Economic freedom comparison by year

Cameroon
Hungary
1x
Year Economic freedom index
Cameroon Hungary
2026 52 62.5
2025 52.1 61.4
2024 53.6 61.2
2023 51.9 64.1
2022 52.9 66.9
2021 53.4 67.2
2020 53.6 66.4
2019 52.4 65
2018 51.9 66.7
2017 51.8 65.8
2016 54.2 66
2015 51.9 66.8
2014 52.6 67
2013 52.3 67.3
2012 51.8 67.1
2011 51.8 66.6
2010 52.3 66.1
2009 53 66.8
2008 54.3 67.6
2007 55.6 64.8
2006 54.6 65
2005 53 63.5
2004 52.3 62.7
2003 52.7 63
2002 52.8 64.5
2001 53.3 65.6
2000 49.9 64.4
1999 50.3 59.6
1998 48 56.9
1997 44.6 55.3
1996 45.7 56.8
1995 51.3 55.2

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

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, 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

Cameroon Hungary
Services, % of GDP
50.7%
2024
59.5%
2024
Industry, % of GDP
23.2%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
2.71%
2024
GNI, Atlas method
$49.5B
2024
$199B
2024
GNI per capita, PPP
$5,490
2024
$47,290
2024
Total reserves including gold
$4.88B
2023
$46.4B
2024
Total reserves ranking
103/177
2023
42/177
2024
Net foreign direct investment
-$901M
2023
-$15.8B
2024
Net inflows of foreign direct investment
$888M
2024
-$62.2B
2024
Net outflows of foreign direct investment
$63.4M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
n/a
Poverty at national poverty lines
37.7%
2021
12.1%
2021
Gross capital formation, % of GDP
18.9%
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/cameroon/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 (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 (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.

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.