The Czech Republic vs Hungary: Economic Indicators Comparison
The Czech Republic with a GDP of $245.2B ranked the 46th largest economy in the world, while Hungary ranked 57th with $157.9B. By GDP 5-years average growth and GDP per capita, the Czech Republic and Hungary ranked 64th vs 58th and 43rd vs 57th, respectively.
Gross Domestic Product & Income
| Stat |  Czech Republic |  Hungary |
|---|---|---|
| GDP | $245.2B | $157.9B |
| GDP growth, 1 year | 2.9% | 4.9% |
| GDP growth, 5-years average | 3.5% | 3.8% |
| Population | 10.7M | 9.9M |
| GDP per capita | $23k | $16k |
| GDP per capita growth | 2.65% | 5.3% |
| Purchasing Power Parity conversion factor | 12.62 | 140.41 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.58 | 0.52 |
| GDP per capita, PPP adjusted | $37k | $32k |
| GNI, Atlas method | $215B | $144.3B |
| GNI per capita | $20k | $15k |
| GNI, PPP adjusted | $398.8B | $291.7B |
| GNI per capita, PPP adjusted | $38k | $30k |
Financial system and Human development
| Stat | Czech Republic | Hungary |
|---|---|---|
| Income Tax Rate | 15% | 15% |
| Corporate Tax Rate | 19% | 19% |
| Inflation, consumer prices | 2.2% | 2.8% |
| Inflation, GDP deflator | 2.5% | 4.5% |
| Unemployment | 2.4% | 3.7% |
| Economic Freedom Index | 74.8 | 66.4 |
| Personal Freedom Index | 9.13 | 8.89 |
| Human Freedom Index | 8.3 | 8.11 |
| Property Rights Index | 76.8 | 64.8 |
| Judical Effectiveness Index | 49.9 | 45.7 |
| Business Freedom Index | 69.7 | 60.2 |
| Fiscal Health Index | 97.8 | 83.6 |
| Labor Freedom Index | 77.6 | 64.6 |
| Investment Freedom Index | 80 | 80 |
| Financial Freedom Index | 80 | 70 |
| Trade Freedom Index | 86.4 | 86.4 |
| Monetary Freedom Index | 80.8 | 79.9 |
| Government Spending Index | 52.7 | 34.5 |
| Tax Burden Index | 82 | 79.9 |
| Government Integrity Index | 64.2 | 47.5 |
| Corruption Perceptions Index | 59 | 46 |
| Life expectancy at birth, years | 79.5 | 76.1 |
| Suicide mortality rate, per 100,000 people | 13.1 | 19.1 |
| Mortality caused by road traffic injury, per 100,000 people | 5.9 | 7.8 |
| Intentional homicides, per 100,000 people | 0.6 | 2.5 |
| International tourism, number of arrivals | 10.6M | 17.6M |
Government debt & reserves
| Stat | Czech Republic | Hungary |
|---|---|---|
| Central government debt, % of GDP | 33% | 69.4% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 10.3% | 13.2% |
| Gross savings, % of GDP | 26.2% | 26.6% |
| Gross capital formation, % of GDP | 26.2% | 27.2% |
| Total reserves including gold | $142.5B | $31.4B |
| Foreign direct investment net inflows | $8.5B | -$65.5B |
Exports, imports and economic structure
| Stat | Czech Republic | Hungary |
|---|---|---|
| Exports of goods and services, % of GDP | 78.4% | 84.9% |
| Imports of goods and services, % of GDP | 72% | 80.6% |
| Current account balance (balance of payments) | $860M | -$677.9M |
| Revenue excluding grants, % of GDP | 31.8% | 39.4% |
| Grants excluding technical cooperation, BoP | $243M | $253.3M |
| Personal remittances received | $3.9B | $4.2B |
| Industry including construction value added, % of GDP | 32.2% | 25.4% |
| Agriculture, forestry and fishing value added, % of GDP | 2% | 3.6% |
| Charges for the use of intellectual property, payments BoP | $1.5B | $1.5B |
| Charges for the use of intellectual property, receipts BoP | $495.7M | $1.8B |
| Expense, % of GDP | 32.1% | 41.6% |
| Government Expenditure, % of GDP | 39.7% | 46.7% |
