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Economy of Czech Republic vs Hungary compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $246B for Hungary, ranking 42/197 and 55/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Czech Republic vs Hungary GDP by year

Czech Republic
Hungary
1x
Year GDP, current $
Czech Republic Hungary
2025 $391,026,962,800 $246,490,213,513
2024 $347,082,562,221 $222,848,211,034
2023 $345,059,295,660 $213,029,511,029
2022 $301,831,228,326 $177,002,580,544
2021 $290,972,714,482 $183,282,685,440
2020 $251,109,660,603 $158,468,487,754
2019 $256,794,209,029 $164,936,682,034
2018 $251,992,360,762 $161,184,691,014
2017 $221,563,575,696 $143,335,098,992
2016 $198,160,659,304 $128,983,560,865
2015 $189,107,698,562 $125,244,126,623
2014 $210,911,285,078 $141,128,696,412
2013 $213,024,360,541 $135,646,053,779
2012 $210,363,223,088 $128,470,269,690
2011 $231,429,378,717 $141,712,804,954
2010 $211,168,667,286 $131,898,737,241
2009 $206,971,882,705 $130,807,441,076
2008 $236,506,264,754 $158,228,265,916
2007 $190,040,702,287 $140,123,326,896
2006 $156,236,258,387 $115,604,111,412
2005 $137,264,185,596 $113,098,237,571
2004 $120,147,899,984 $104,015,363,080
2003 $100,435,924,705 $85,190,469,121
2002 $82,607,869,610 $67,636,468,625
2001 $68,135,304,464 $53,800,068,066
2000 $62,175,642,238 $47,275,954,429
1999 $65,586,562,605 $49,160,204,397
1998 $67,187,217,328 $48,784,412,624
1997 $62,539,765,163 $47,398,564,799
1996 $67,804,105,330 $46,833,767,124
1995 $60,572,381,311 $46,577,614,589
1994 $48,188,478,339 $43,307,949,890
1993 $41,155,654,032 $40,256,233,360
1992 $35,051,065,440 $38,857,339,125
1991 $30,071,014,282 $34,867,307,353
1990 $41,016,881,802 $34,478,360,679
1989 - $30,422,508,938
1988 - $29,799,838,597
1987 - $27,232,016,527
1986 - $24,778,163,812
1985 - $21,510,643,750
1984 - $21,242,726,264
1983 - $21,910,365,258
1982 - $24,141,667,188
1981 - $23,705,883,892
1980 - $23,116,977,148
1979 - $19,959,731,325
1978 - $17,286,744,154
1977 - $14,783,674,055
1976 - $13,235,612,079
1975 - $11,420,392,515
1974 - $10,016,338,179
1973 - $9,138,292,402
1972 - $7,379,313,742
1971 - $6,291,568,221
1970 - $5,780,929,203
1969 - $5,429,812,387
1968 - $4,886,222,555

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

GDP per capita in Czech Republic vs Hungary by year

Czech Republic
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $25,907 -
2024 $31,828 $57,285 $23,305 $48,552
2023 $31,762 $55,761 $22,209 $46,592
2022 $28,282 $52,947 $18,428 $44,366
2021 $27,696 $47,796 $19,031 $38,887
2020 $23,473 $44,839 $16,387 $35,584
2019 $24,063 $45,614 $17,013 $35,627
2018 $23,706 $41,638 $16,605 $32,258
2017 $20,913 $39,346 $14,736 $29,728
2016 $18,754 $36,445 $13,216 $28,179
2015 $17,932 $34,093 $12,783 $26,938
2014 $20,038 $32,743 $14,353 $25,796
2013 $20,260 $31,013 $13,739 $24,592
2012 $20,014 $29,466 $12,950 $23,205
2011 $22,049 $29,237 $14,211 $22,992
2010 $20,160 $28,154 $13,190 $21,691
2009 $19,817 $27,713 $13,051 $20,691
2008 $22,775 $27,938 $15,763 $20,709
2007 $18,453 $26,268 $13,935 $19,089
2006 $15,259 $23,914 $11,478 $18,362
2005 $13,442 $22,115 $11,212 $17,091
2004 $11,783 $20,988 $10,291 $16,251
2003 $9,852 $19,604 $8,410 $15,460
2002 $8,101 $18,344 $6,658 $14,532
2001 $6,669 $17,709 $5,281 $13,223
2000 $6,063 $16,332 $4,630 $11,872
1999 $6,378 $15,494 $4,802 $10,892
1998 $6,527 $15,064 $4,752 $10,415
1997 $6,069 $14,911 $4,606 $9,846
1996 $6,573 $14,781 $4,542 $9,388
1995 $5,865 $13,957 $4,509 $9,222
1994 $4,663 $12,862 $4,187 $8,888
1993 $3,984 $12,242 $3,887 $8,441
1992 $3,397 $11,963 $3,747 $8,284
1991 $2,917 $11,768 $3,361 $8,352
1990 $3,969 $12,848 $3,324 $9,169
1989 - - $2,902 -
1988 - - $2,812 -
1987 - - $2,566 -
1986 - - $2,331 -
1985 - - $2,020 -
1984 - - $1,991 -
1983 - - $2,050 -
1982 - - $2,255 -
1981 - - $2,213 -
1980 - - $2,158 -
1979 - - $1,865 -
1978 - - $1,618 -
1977 - - $1,388 -
1976 - - $1,249 -
1975 - - $1,083 -
1974 - - $956 -
1973 - - $876 -
1972 - - $710 -
1971 - - $607 -
1970 - - $559 -
1969 - - $527 -
1968 - - $476 -

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Hungary ranks 48th at $48,552.

Economic indicators

Czech Republic Hungary
Gross domestic product
$391B
2025
$246B
2025
GDP rank
42/197
2025
55/197
2025
GDP growth
2.58%
2024-2025
0.51%
2024-2025
GDP per capita
$35,917
2025
$25,907
2025
GDP per capita rank
35/197
2025
52/197
2025
GDP per capita, PPP
$57,285
2024
$48,552
2024
GDP per capita PPP rank
35/197
2024
48/197
2024
Government debt
$174B
2025
$185B
2025
Debt-to-GDP ratio
44.6%
2025
75.2%
2025
Government debt per person
$16,026
2025
$19,473
2025
Government debt per person rank
42/185
2025
33/185
2025
Average annual personal income after taxes
$22,312
2026
$18,331
2026
Market capitalization of domestic companies
$55.4B
2025
$62.6B
2025
Number of millionaires n/a
27,000
2026
Number of billionaires
11
2026
4
2026
Income share by richest 10%
21.5%
2023
24.4%
2022
Income share by poorest 10%
3.8%
2023
2.8%
2022
Government expenditure, % of GDP
43.5%
2025
47.5%
2025
Consumer prices inflation
2.46%
2024-2025
4.41%
2024-2025
Central bank interest rate
3.5%
2025
6.25%
2026
Unemployment rate
2.8%
2025
4.4%
2025
Population
10742283
9454659

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Czech Republic Hungary
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 47.5% 75.2%
2024 42.9% 43.3% 46.9% 73.5%
2023 43.7% 42.2% 49.3% 73.2%
2022 43% 42.5% 48.9% 74.1%
2021 45% 40.7% 48.1% 76.2%
2020 46.3% 36.9% 51% 78.7%
2019 40.4% 29.6% 45.8% 65%
2018 40.1% 31.7% 45.9% 68.8%
2017 38.5% 33.8% 46.6% 72%
2016 39.4% 36.2% 46.7% 74.6%
2015 41.7% 39.5% 50.4% 75.7%
2014 42.3% 41.5% 50% 76.5%
2013 42.4% 44.1% 50.1% 77.2%
2012 44.4% 43.8% 49.2% 78.4%
2011 42.8% 39.4% 49.1% 80.5%
2010 43.2% 36.7% 48.9% 80.2%
2009 44.5% 33.4% 50.7% 78.2%
2008 40.9% 28.2% 48.8% 71.8%
2007 40.5% 27.3% 49.9% 65.6%
2006 41.5% 27.6% 51.4% 64.5%
2005 42.3% 27.7% 49.4% 60.6%
2004 42.2% 28.3% 48.8% 58.9%
2003 49% 28.1% 49.2% 58.2%
2002 44.4% 25.7% 51% 55.6%
2001 43.1% 22.6% 47.2% 52.2%
2000 40.6% 16.9% 47.3% 55.6%
1999 40.9% 15.1% 48.9% 60.3%
1998 41.6% 13.9% 50.7% 60.4%
1997 41.3% 12.1% 49.5% 62.2%
1996 41.4% 11.5% 50.9% 71.2%
1995 52.8% 13.5% 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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 75.2% in Hungary, ranking 119/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Hungary
1x
Year Deficit/surplus, % of GDP
Czech Republic Hungary
2025 -2.03% -4.68%
2024 -2.03% -4.9%
2023 -3.73% -6.77%
2022 -3.07% -6.19%
2021 -4.95% -7.11%
2020 -5.65% -7.49%
2019 0.28% -2.02%
2018 0.88% -2.05%
2017 1.46% -2.45%
2016 0.68% -1.79%
2015 -0.67% -2%
2014 -2.09% -2.77%
2013 -1.3% -2.6%
2012 -3.92% -2.33%
2011 -2.71% -5.22%
2010 -4.14% -4.44%
2009 -5.46% -4.76%
2008 -2% -3.78%
2007 -0.68% -5.09%
2006 -2.19% -9.27%
2005 -3.06% -7.79%
2004 -2.4% -6.6%
2003 -6.87% -7.19%
2002 -6.34% -8.79%
2001 -5.76% -4%
2000 -3.55% -3.04%
1999 -3.08% -5.27%
1998 -4.14% -7.41%
1997 -3.14% -5.54%
1996 -2.98% -4.36%
1995 -12.3% -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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, the Czech Republic recorded a fiscal deficit in 27 of those years, while Hungary ran a deficit in 31 years. On average, the Czech Republic posted an annual deficit equal to 3.13% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Czech Republic

Hungary
1x
Year Consumer prices inflation
Czech Republic Hungary
2025 2.46% 4.41%
2024 2.44% 3.7%
2023 10.7% 17.1%
2022 15.1% 14.6%
2021 3.84% 5.11%
2020 3.16% 3.33%
2019 2.85% 3.34%
2018 2.15% 2.85%
2017 2.45% 2.35%
2016 0.68% 0.39%
2015 0.31% -0.06%
2014 0.34% -0.23%
2013 1.44% 1.73%
2012 3.29% 5.65%
2011 1.92% 3.93%
2010 1.47% 4.86%
2009 1.02% 4.21%
2008 6.36% 6.04%
2007 2.85% 7.96%
2006 2.53% 3.93%
2005 1.86% 3.56%
2004 2.76% 6.74%
2003 0.12% 4.66%
2002 1.9% 5.27%
2001 4.66% 9.12%
2000 3.78% 9.8%
1999 2.14% 10%
1998 10.7% 14.2%
1997 8.6% 18.3%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 6.1% in Hungary. In 2025, inflation was 2.46% in the Czech Republic and 4.41% in Hungary.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $5.17B
Chemicals & pharma $1.06B
Textiles & consumer goods $604M
Metals $572M
Processed food, beverages & tobacco $501M
Transport & tourism services $460M
Raw materials & minerals $393M
Business & finance services $247M
Wood & paper products $177M
Miscellaneous $122M
Hungary
Export category Export value
Machinery & equipment $3.48B
Chemicals & pharma $1.15B
Textiles & consumer goods $926M
Transport & tourism services $536M
Processed food, beverages & tobacco $459M
Raw materials & minerals $309M
Metals $232M
Business & finance services $218M
Raw agricultural goods $162M
Wood & paper products $87.5M

Balance of trade

Czech Republic Hungary
Current account balance
$2.44B
2025
$4.08B
2025
Current account balance ranking
41/190
2025
34/190
2025
Current account balance, % of GDP
+0.62%
2025
+1.65%
2025
Goods imports
$197B
2025
$139B
2025
Goods exports
$215B
2025
$136B
2025
Service imports
$42.9B
2025
$29.8B
2025
Service exports
$47.5B
2025
$43.1B
2025
Imports of goods and services, % of GDP
61.1%
2025
68.1%
2025
Exports of goods and services, % of GDP
66.9%
2025
72.6%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Czech Republic Hungary
Economic freedom 73.2 62.5
Economic freedom ranking 25/197 86/197
Property rights 89.8 67.3
Government integrity 64.7 44
Judicial effectiveness 92.1 61.9
Tax burden 78.8 85.1
Government spending 44.2 30.2
Fiscal health 82.5 32.7
Business freedom 76.8 70.8
Labor freedom 55.1 56.5
Monetary freedom 75 72.1
Trade freedom 79.4 79.4
Investment freedom 70 80
Financial freedom 70 70

Economic freedom comparison by year

Czech Republic
Hungary
1x
Year Economic freedom index
Czech Republic Hungary
2026 73.2 62.5
2025 72.9 61.4
2024 70.2 61.2
2023 71.9 64.1
2022 74.4 66.9
2021 73.8 67.2
2020 74.8 66.4
2019 73.7 65
2018 74.2 66.7
2017 73.3 65.8
2016 73.2 66
2015 72.5 66.8
2014 72.2 67
2013 70.9 67.3
2012 69.9 67.1
2011 70.4 66.6
2010 69.8 66.1
2009 69.4 66.8
2008 68.1 67.6
2007 67.4 64.8
2006 66.4 65
2005 64.6 63.5
2004 67 62.7
2003 67.5 63
2002 66.5 64.5
2001 70.2 65.6
2000 68.6 64.4
1999 69.7 59.6
1998 68.4 56.9
1997 68.8 55.3
1996 68.1 56.8
1995 67.8 55.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Hungary
Services, % of GDP
60.8%
2025
60.1%
2025
Industry, % of GDP
28.7%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
2.65%
2025
GNI, Atlas method
$359B
2025
$227B
2025
GNI per capita, PPP
$57,870
2025
$48,630
2025
Total reserves including gold
$176B
2025
$59.1B
2025
Total reserves ranking
21/177
2025
42/177
2025
Net foreign direct investment
-$1.88B
2025
$9.1B
2025
Net inflows of foreign direct investment
$13.5B
2024
-$61.3B
2024
Net outflows of foreign direct investment
$12.9B
2024
-$76.3B
2024
Poverty at national poverty lines
10.2%
2021
12.1%
2021
Gross capital formation, % of GDP
26.8%
2025
22.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.