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Economy of Dominican Republic vs Hungary compared: GDP & Debt

Updated on by Georank

The Dominican Republic has a GDP of $127B compared to $246B for Hungary, ranking 65/197 and 55/197 by economy size, respectively.

The Dominican Republic has $75.2B in government debt (59% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Dominican Republic vs Hungary GDP by year

Dominican Republic
Hungary
1x
Year GDP, current $
Dominican Republic Hungary
2025 $127,407,463,759 $246,490,213,513
2024 $124,282,245,639 $222,848,211,034
2023 $120,456,239,154 $213,029,511,029
2022 $113,478,103,598 $177,002,580,544
2021 $94,850,719,517 $183,282,685,440
2020 $78,546,672,407 $158,468,487,754
2019 $89,146,130,745 $164,936,682,034
2018 $84,994,732,049 $161,184,691,014
2017 $79,070,274,743 $143,335,098,992
2016 $75,552,902,636 $128,983,560,865
2015 $70,966,782,572 $125,244,126,623
2014 $67,014,329,100 $141,128,696,412
2013 $62,555,417,415 $135,646,053,779
2012 $60,561,635,556 $128,470,269,690
2011 $57,948,261,616 $141,712,804,954
2010 $53,801,053,353 $131,898,737,241
2009 $48,223,781,477 $130,807,441,076
2008 $48,091,433,554 $158,228,265,916
2007 $43,965,458,509 $140,123,326,896
2006 $37,879,830,084 $115,604,111,412
2005 $35,777,560,684 $113,098,237,571
2004 $22,322,387,382 $104,015,363,080
2003 $21,403,167,848 $85,190,469,121
2002 $27,137,440,786 $67,636,468,625
2001 $25,601,823,688 $53,800,068,066
2000 $24,305,780,629 $47,275,954,429
1999 $22,136,579,397 $49,160,204,397
1998 $21,672,215,547 $48,784,412,624
1997 $20,017,450,041 $47,398,564,799
1996 $18,241,622,548 $46,833,767,124
1995 $16,637,370,839 $46,577,614,589
1994 $14,644,734,599 $43,307,949,890
1993 $13,081,042,400 $40,256,233,360
1992 $11,605,382,504 $38,857,339,125
1991 $9,824,483,340 $34,867,307,353
1990 $7,073,675,545 $34,478,360,679
1989 $6,686,593,060 $30,422,508,938
1988 $5,374,299,981 $29,799,838,597
1987 $5,827,050,753 $27,232,016,527
1986 $6,122,128,558 $24,778,163,812
1985 $5,044,579,979 $21,510,643,750
1984 $11,594,000,000 $21,242,726,264
1983 $9,220,600,000 $21,910,365,258
1982 $8,267,400,000 $24,141,667,188
1981 $7,561,300,000 $23,705,883,892
1980 $6,761,300,000 $23,116,977,148
1979 $5,498,800,000 $19,959,731,325
1978 $4,734,400,000 $17,286,744,154
1977 $4,587,100,000 $14,783,674,055
1976 $3,951,500,000 $13,235,612,079
1975 $3,599,200,000 $11,420,392,515
1974 $2,925,700,000 $10,016,338,179
1973 $2,344,800,000 $9,138,292,402
1972 $1,987,400,000 $7,379,313,742
1971 $1,666,500,000 $6,291,568,221
1970 $1,485,500,000 $5,780,929,203
1969 $1,230,500,000 $5,429,812,387
1968 $1,079,100,000 $4,886,222,555
1967 $1,034,800,000 -
1966 $983,900,000 -
1965 $888,100,000 -
1964 $1,025,599,900 -
1963 $940,799,900 -
1962 $824,100,000 -
1961 $654,100,200 -
1960 $672,399,700 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Dominican Republic vs Hungary by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $11,059 - $25,907 -
2024 $10,876 $27,542 $23,305 $48,552
2023 $10,630 $25,840 $22,209 $46,592
2022 $10,104 $24,626 $18,428 $44,366
2021 $8,527 $22,053 $19,031 $38,887
2020 $7,135 $18,998 $16,387 $35,584
2019 $8,183 $19,767 $17,013 $35,627
2018 $7,883 $17,995 $16,605 $32,258
2017 $7,413 $16,846 $14,736 $29,728
2016 $7,160 $16,282 $13,216 $28,179
2015 $6,801 $14,804 $12,783 $26,938
2014 $6,496 $13,465 $14,353 $25,796
2013 $6,137 $12,414 $13,739 $24,592
2012 $6,014 $11,777 $12,950 $23,205
2011 $5,827 $11,695 $14,211 $22,992
2010 $5,479 $11,246 $13,190 $21,691
2009 $4,974 $10,382 $13,051 $20,691
2008 $5,024 $10,346 $15,763 $20,709
2007 $4,650 $9,951 $13,935 $19,089
2006 $4,055 $9,130 $11,478 $18,362
2005 $3,878 $8,215 $11,212 $17,091
2004 $2,452 $7,375 $10,291 $16,251
2003 $2,383 $7,098 $8,410 $15,460
2002 $3,066 $7,158 $6,658 $14,532
2001 $2,936 $6,848 $5,281 $13,223
2000 $2,831 $6,639 $4,630 $11,872
1999 $2,621 $6,305 $4,802 $10,892
1998 $2,608 $5,963 $4,752 $10,415
1997 $2,449 $5,618 $4,606 $9,846
1996 $2,271 $5,161 $4,542 $9,388
1995 $2,109 $4,871 $4,509 $9,222
1994 $1,892 $4,599 $4,187 $8,888
1993 $1,722 $4,474 $3,887 $8,441
1992 $1,558 $4,151 $3,747 $8,284
1991 $1,346 $3,722 $3,361 $8,352
1990 $989 $3,641 $3,324 $9,169
1989 $955 - $2,902 -
1988 $784 - $2,812 -
1987 $868 - $2,566 -
1986 $932 - $2,331 -
1985 $784 - $2,020 -
1984 $1,844 - $1,991 -
1983 $1,500 - $2,050 -
1982 $1,376 - $2,255 -
1981 $1,288 - $2,213 -
1980 $1,180 - $2,158 -
1979 $984 - $1,865 -
1978 $868 - $1,618 -
1977 $863 - $1,388 -
1976 $763 - $1,249 -
1975 $713 - $1,083 -
1974 $595 - $956 -
1973 $490 - $876 -
1972 $427 - $710 -
1971 $368 - $607 -
1970 $338 - $559 -
1969 $287.7 - $527 -
1968 $259.6 - $476 -
1967 $256.2 - - -
1966 $250.9 - - -
1965 $233.2 - - -
1964 $277.3 - - -
1963 $262.2 - - -
1962 $236.8 - - -
1961 $193.9 - - -
1960 $205.7 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Dominican Republic's GDP per capita is $11,059, ranking 83/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Hungary ranks 48th at $48,552.

Economic indicators

Dominican Republic Hungary
Gross domestic product
$127B
2025
$246B
2025
GDP rank
65/197
2025
55/197
2025
GDP growth
2.12%
2024-2025
0.51%
2024-2025
GDP per capita
$11,059
2025
$25,907
2025
GDP per capita rank
83/197
2025
52/197
2025
GDP per capita, PPP
$27,542
2024
$48,552
2024
GDP per capita PPP rank
76/197
2024
48/197
2024
Government debt
$75.2B
2025
$185B
2025
Debt-to-GDP ratio
59%
2025
75.2%
2025
Government debt per person
$6,525
2025
$19,473
2025
Government debt per person rank
73/185
2025
33/185
2025
Average annual personal income after taxes
$7,179
2026
$18,331
2026
Market capitalization of domestic companies n/a
$62.6B
2025
Number of millionaires n/a
27,000
2026
Number of billionaires n/a
4
2026
Income share by richest 10%
29.5%
2024
24.4%
2022
Income share by poorest 10%
2.3%
2024
2.8%
2022
Government expenditure, % of GDP
19.3%
2025
47.5%
2025
Consumer prices inflation
3.87%
2024-2025
4.41%
2024-2025
Central bank interest rate
5.5%
2025
6.25%
2026
Unemployment rate
5.17%
2025
4.4%
2025
Population
11656588
9454659

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Dominican Republic Hungary
Government spending Government debt Government spending Government debt
2025 19.3% 59% 47.5% 75.2%
2024 19.5% 58.8% 46.9% 73.5%
2023 19.1% 60.5% 49.3% 73.2%
2022 18.5% 59.6% 48.9% 74.1%
2021 18.4% 62.8% 48.1% 76.2%
2020 22.2% 71.8% 51% 78.7%
2019 17.8% 53.5% 45.8% 65%
2018 16.5% 50.8% 45.9% 68.8%
2017 17.3% 49.5% 46.6% 72%
2016 17% 46.7% 46.7% 74.6%
2015 16.7% 44.8% 50.4% 75.7%
2014 17% 45% 50% 76.5%
2013 18.5% 46.8% 50.1% 77.2%
2012 19.8% 42.4% 49.2% 78.4%
2011 16% 39.1% 49.1% 80.5%
2010 16.1% 37.4% 48.9% 80.2%
2009 16.2% 36.8% 50.7% 78.2%
2008 18.5% 33.6% 48.8% 71.8%
2007 16.3% 32.9% 49.9% 65.6%
2006 17% 36% 51.4% 64.5%
2005 15.5% 38.3% 49.4% 60.6%
2004 17.3% 34.3% 48.8% 58.9%
2003 17.2% 48.2% 49.2% 58.2%
2002 16.5% 21.5% 51% 55.6%
2001 14.9% 20.4% 47.2% 52.2%
2000 14.1% 16.7% 47.3% 55.6%
1999 13.4% 16% 48.9% 60.3%
1998 12.6% 13.2% 50.7% 60.4%
1997 13.2% 13.8% 49.5% 62.2%
1996 11.4% 23% 50.9% 71.2%
1995 11% 25.7% 55% 83.9%
1994 12.1% 28.5% - 86.2%
1993 13% 36.1% - 87.2%
1992 10.4% 38.5% - 76.5%
1991 8.65% 47.3% - 74.2%
1990 9.1% 84.7% - 63.7%
1989 11.3% 62.5% - 70.7%
1988 12.8% 77% - -
1987 11.2% 86.9% - -
1986 10.4% 63.8% - -
1985 9.8% 66.3% - -
1984 9.32% 28.9% - -
1983 10.2% 32.9% - -
1982 10.2% 33.1% - -
1981 12.1% 29.8% - -
1980 12.8% 15.2% - -
1979 13.8% 24% - -
1978 12.3% 20.9% - -
1977 11.4% 16.4% - -
1976 12.5% 15.6% - -
1975 13.7% 13.1% - -
1974 14.6% 14.6% - -
1973 13.7% 14.6% - -
1972 14.1% 16.4% - -
1971 13.8% 17.8% - -
1970 13.3% 18% - -
1969 15.5% 17.4% - -
1968 15.5% 18.1% - -
1967 15% 16.2% - -
1966 15.2% 14.5% - -
1965 12.8% - - -
1964 16.7% - - -
1963 15.1% - - -
1962 15.7% - - -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

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

In 2025, the Dominican Republic's government spending was $24.6B, accounting for 19.3% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 59% in the Dominican Republic and 75.2% in Hungary, ranking 80/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Hungary
1x
Year Deficit/surplus, % of GDP
Dominican Republic Hungary
2025 -3.56% -4.68%
2024 -3.09% -4.9%
2023 -3.28% -6.77%
2022 -3.25% -6.19%
2021 -2.92% -7.11%
2020 -7.94% -7.49%
2019 -3.46% -2.02%
2018 -2.17% -2.05%
2017 -3.12% -2.45%
2016 -3.11% -1.79%
2015 -0.03% -2%
2014 -2.76% -2.77%
2013 -4.41% -2.6%
2012 -6.26% -2.33%
2011 -3.07% -5.22%
2010 -2.97% -4.44%
2009 -2.9% -4.76%
2008 -3.43% -3.78%
2007 0.28% -5.09%
2006 -1.69% -9.27%
2005 -0.71% -7.79%
2004 -3.6% -6.6%
2003 -4.24% -7.19%
2002 -2.28% -8.79%
2001 -0.73% -4%
2000 -0.86% -3.04%
1999 -0.79% -5.27%
1998 -0.29% -7.41%
1997 -0.64% -5.54%
1996 0.14% -4.36%
1995 0.82% -8.57%
1994 -0.39% -
1993 -0.16% -
1992 2.35% -
1991 0.11% -
1990 0.39% -
1989 -0.09% -
1988 -1.68% -
1987 -0.75% -
1986 -0.57% -
1985 -1.27% -
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -
1981 -1.92% -
1980 -1.82% -
1979 -3.26% -
1978 -0.82% -
1977 0.15% -
1976 -0.22% -
1975 1.37% -
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -
1969 -0.99% -
1968 -0.99% -
1967 -1.68% -
1966 -2.14% -
1965 -1.84% -
1964 -1.36% -
1963 -0.39% -
1962 -1.17% -
1961 -3% -
1960 -0.61% -
1959 -0.29% -
1958 -1.29% -
1957 0.21% -
1956 -0.05% -
1955 1.47% -
1954 1.43% -
1953 2.79% -
1952 0% -
1951 -2.58% -
1950 -3.66% -
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) | Public Finances in Modern History (1927–1996, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, the Dominican Republic's government deficit, the difference between spending and revenue, was $4.53B, equivalent to 3.56% of GDP. This compares to Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, the Dominican Republic recorded a fiscal deficit in 28 of those years, while Hungary ran a deficit in 31 years. On average, the Dominican Republic posted an annual deficit equal to 2.46% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Dominican Republic

Hungary
1x
Year Consumer prices inflation
Dominican Republic Hungary
2025 3.87% 4.41%
2024 3.3% 3.7%
2023 4.79% 17.1%
2022 8.81% 14.6%
2021 8.24% 5.11%
2020 3.78% 3.33%
2019 1.81% 3.34%
2018 3.56% 2.85%
2017 3.28% 2.35%
2016 1.61% 0.39%
2015 0.84% -0.06%
2014 3% -0.23%
2013 4.83% 1.73%
2012 3.69% 5.65%
2011 5.8% 3.93%
2010 6.33% 4.86%
2009 1.44% 4.21%
2008 10.6% 6.04%
2007 6.14% 7.96%
2006 7.57% 3.93%
2005 4.19% 3.56%
2004 51.5% 6.74%
2003 27.4% 4.66%
2002 5.22% 5.27%
2001 8.88% 9.12%
2000 7.72% 9.8%
1999 6.47% 10%
1998 4.83% 14.2%
1997 8.3% 18.3%

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

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

Over the past 29 years, the Dominican Republic has recorded an average annual inflation rate of 7.51%, compared with 6.1% in Hungary. In 2025, inflation was 3.87% in the Dominican Republic and 4.41% in Hungary.

Top exports between countries

Dominican Republic
Export category Export value
Machinery & equipment $661K
Processed food, beverages & tobacco $376K
Textiles & consumer goods $5K
Metals $1K
Hungary
Export category Export value
Machinery & equipment $2.95M
Processed food, beverages & tobacco $1.44M
Chemicals & pharma $1.23M
Raw materials & minerals $771K
Textiles & consumer goods $440K
Animal & marine products $216K
Wood & paper products $15K
Metals $5K
Raw agricultural goods $4K
Precious metals & jewellery $1K

Balance of trade

Dominican Republic Hungary
Current account balance
-$1.49B
2025
$4.08B
2025
Current account balance ranking
128/190
2025
34/190
2025
Current account balance, % of GDP
-1.17%
2025
+1.65%
2025
Goods imports
$29.8B
2025
$139B
2025
Goods exports
$16B
2025
$136B
2025
Service imports
$5.65B
2025
$29.8B
2025
Service exports
$14.4B
2025
$43.1B
2025
Imports of goods and services, % of GDP
27.9%
2025
68.1%
2025
Exports of goods and services, % of GDP
23.6%
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.

Dominican Republic Hungary
Economic freedom 63.8 62.5
Economic freedom ranking 77/197 86/197
Property rights 53.9 67.3
Government integrity 39.8 44
Judicial effectiveness 58 61.9
Tax burden 84.4 85.1
Government spending 89.1 30.2
Fiscal health 76.6 32.7
Business freedom 71.4 70.8
Labor freedom 53.2 56.5
Monetary freedom 72.1 72.1
Trade freedom 67.4 79.4
Investment freedom 60 80
Financial freedom 40 70

Economic freedom comparison by year

Dominican Republic
Hungary
1x
Year Economic freedom index
Dominican Republic Hungary
2026 63.8 62.5
2025 64.3 61.4
2024 62.9 61.2
2023 62.6 64.1
2022 63 66.9
2021 62.1 67.2
2020 60.9 66.4
2019 61 65
2018 61.6 66.7
2017 62.9 65.8
2016 61 66
2015 61 66.8
2014 61.3 67
2013 59.7 67.3
2012 60.2 67.1
2011 60 66.6
2010 60.3 66.1
2009 59.2 66.8
2008 57.7 67.6
2007 56.8 64.8
2006 56.3 65
2005 55.1 63.5
2004 54.6 62.7
2003 57.8 63
2002 58.6 64.5
2001 59.1 65.6
2000 59 64.4
1999 58.1 59.6
1998 58.1 56.9
1997 53.5 55.3
1996 58.1 56.8
1995 55.8 55.2

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

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

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, 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

Dominican Republic Hungary
Services, % of GDP
60.1%
2025
60.1%
2025
Industry, % of GDP
28.4%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
4.6%
2025
2.65%
2025
GNI, Atlas method
$122B
2025
$227B
2025
GNI per capita, PPP
$26,980
2025
$48,630
2025
Total reserves including gold
$14.8B
2025
$59.1B
2025
Total reserves ranking
71/177
2025
42/177
2025
Net foreign direct investment
-$5.03B
2025
$9.1B
2025
Net inflows of foreign direct investment
$4.48B
2024
-$61.3B
2024
Net outflows of foreign direct investment
-$47.3M
2024
-$76.3B
2024
Servicing debt to the IMF, % of GNI
5.61%
2024
n/a
Poverty at national poverty lines
17.3%
2025
12.1%
2021
Gross capital formation, % of GDP
24.7%
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/dominican-republic/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.

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.