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Economy of East Timor vs Hungary compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $223B for Hungary, ranking 181/197 and 55/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $164B (73.5% of GDP) in Hungary.

East Timor vs Hungary GDP by year

East Timor
Hungary
1x
Year GDP, current $
East Timor Hungary
2024 $1,865,608,515 $222,722,738,926
2023 $2,079,767,170 $213,240,316,635
2022 $3,208,599,889 $177,002,580,544
2021 $3,625,024,341 $183,282,685,440
2020 $2,162,619,241 $158,468,487,754
2019 $2,032,550,389 $164,936,682,034
2018 $1,555,988,614 $161,184,691,014
2017 $1,584,878,440 $143,335,098,992
2016 $1,640,464,612 $128,983,560,865
2015 $1,590,282,371 $125,244,126,623
2014 $1,447,535,183 $141,128,696,412
2013 $1,395,727,421 $135,646,053,779
2012 $1,160,555,040 $128,470,269,690
2011 $1,042,534,598 $141,712,804,954
2010 $881,909,347 $131,898,737,241
2009 $726,937,836 $130,807,441,076
2008 $648,523,571 $158,228,265,916
2007 $542,795,447 $140,123,326,896
2006 $453,792,415 $115,604,111,412
2005 $462,267,954 $113,098,237,571
2004 $440,771,962 $104,015,363,080
2003 $490,439,116 $85,190,469,121
2002 $469,455,491 $67,636,468,625
2001 $477,359,253 $53,800,068,066
2000 $366,924,277 $47,275,954,429
1999 $225,357,600 $49,160,204,397
1998 $325,729,800 $48,784,412,624
1997 $319,972,700 $47,398,564,799
1996 $306,956,900 $46,833,767,124
1995 $262,819,900 $46,577,614,589
1994 $239,040,500 $43,307,949,890
1993 $216,914,400 $40,256,233,360
1992 $187,891,500 $38,857,339,125
1991 $147,713,000 $34,867,307,353
1990 $128,210,142 $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 (1968–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/hungary | CC BY

GDP per capita in East Timor vs Hungary by year

East Timor
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $23,292 $48,552
2023 $1,502 $4,807 $22,231 $46,592
2022 $2,343 $5,730 $18,428 $44,366
2021 $2,685 $6,825 $19,031 $38,887
2020 $1,631 $6,132 $16,387 $35,584
2019 $1,562 $4,557 $17,013 $35,627
2018 $1,219 $3,561 $16,605 $32,258
2017 $1,266 $3,463 $14,736 $29,728
2016 $1,336 $3,391 $13,216 $28,179
2015 $1,320 $3,108 $12,783 $26,938
2014 $1,225 $2,860 $14,353 $25,796
2013 $1,205 $2,566 $13,739 $24,592
2012 $1,023 $2,386 $12,950 $23,205
2011 $939 $2,066 $14,211 $22,992
2010 $813 $1,955 $13,190 $21,691
2009 $687 $1,810 $13,051 $20,691
2008 $628 $1,675 $15,763 $20,709
2007 $540 $1,516 $13,935 $19,089
2006 $465 $1,377 $11,478 $18,362
2005 $487 $1,435 $11,212 $17,091
2004 $474 $1,379 $10,291 $16,251
2003 $535 $1,355 $8,410 $15,460
2002 $534 $1,417 $6,658 $14,532
2001 $588 $1,619 $5,281 $13,223
2000 $492 $1,483 $4,630 $11,872
1999 $270 $819 $4,802 $10,892
1998 $346 $1,108 $4,752 $10,415
1997 $349 $1,149 $4,606 $9,846
1996 $344 $1,116 $4,542 $9,388
1995 $303 $1,043 $4,509 $9,222
1994 $283.1 $985 $4,187 $8,888
1993 $264.1 $925 $3,887 $8,441
1992 $235.1 $843 $3,747 $8,284
1991 $189.8 $766 $3,361 $8,352
1990 $168.6 $685 $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 (1968–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/hungary | CC BY

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Hungary ranks 48th at $48,552.

Economic indicators

East Timor Hungary
Gross domestic product
$1.87B
2024
$223B
2024
GDP rank
181/197
2024
55/197
2024
GDP growth
-9.1%
2023-2024
0.56%
2023-2024
GDP per capita
$1,332
2024
$23,292
2024
GDP per capita rank
167/197
2024
55/197
2024
GDP per capita, PPP
$4,423
2024
$48,552
2024
GDP per capita PPP rank
163/197
2024
48/197
2024
Government debt
$249M
2024
$164B
2024
Debt-to-GDP ratio
13.3%
2024
73.5%
2024
Government debt per person
$177.5
2024
$17,109
2024
Government debt per person rank
182/185
2024
37/185
2024
Average annual personal income after taxes
$1,440
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%
24%
2014
24.4%
2022
Income share by poorest 10%
4%
2014
2.8%
2022
Government expenditure, % of GDP
90.8%
2024
46.9%
2024
Consumer prices inflation
2.1%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
1.54%
2022
4.47%
2024
Population
1441764
9475525

Spending and national debt comparison by year

East Timor
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
East Timor Hungary
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 46.9% 73.5%
2023 78.6% 12.4% 49.2% 73%
2022 59.9% 7.9% 48.7% 73.9%
2021 45.7% 6.53% 48.1% 76.2%
2020 61.7% 10.1% 51% 78.7%
2019 68.8% 9.51% 45.8% 65%
2018 85.5% 9.31% 45.9% 68.8%
2017 87.3% 6.71% 46.6% 72%
2016 112.2% 4.71% 46.7% 74.6%
2015 98.1% 2.95% 50.4% 75.7%
2014 111% 1.52% 50% 76.5%
2013 96.1% 0.46% 50.1% 77.2%
2012 129.3% 0.002% 49.2% 78.4%
2011 133.3% 0% 49.1% 80.5%
2010 121.3% 0% 48.9% 80.2%
2009 121.8% 0% 50.7% 78.2%
2008 122.4% 0% 48.8% 71.8%
2007 75.8% 0% 49.9% 65.6%
2006 59.8% 0% 51.4% 64.5%
2005 58.3% 0% 49.4% 60.6%
2004 74.2% 0% 48.8% 58.9%
2003 80.1% 0% 49.2% 58.2%
2002 93.5% 0% 51% 55.6%
2001 95.7% 0% 47.2% 52.2%
2000 - - 47.3% 55.6%
1999 - - 48.9% 60.3%
1998 - - 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/east-timor/hungary | CC BY

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 73.5% in Hungary, ranking 178/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Hungary
1x
Year Deficit/surplus, % of GDP
East Timor Hungary
2024 -43.5% -4.92%
2023 -34.7% -6.75%
2022 -29.5% -6.17%
2021 -20.1% -7.11%
2020 -18.9% -7.49%
2019 -25.4% -2.02%
2018 -26.9% -2.05%
2017 -33.8% -2.45%
2016 -55.7% -1.79%
2015 -33.2% -2%
2014 -37.5% -2.77%
2013 -14.4% -2.6%
2012 -38.7% -2.33%
2011 -25.4% -5.22%
2010 -19.8% -4.44%
2009 -17.2% -4.76%
2008 -18.6% -3.78%
2007 -29.9% -5.09%
2006 41% -9.27%
2005 -10.5% -7.79%
2004 -7.48% -6.6%
2003 -8.24% -7.19%
2002 -7.64% -8.79%
2001 3.24% -4%
2000 - -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/east-timor/hungary | CC BY

In 2024, East Timor's government deficit, the difference between spending and revenue, was $812M, equivalent to 43.5% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Hungary ran a deficit in 24 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to deficit of 4.89% of GDP for Hungary.

Inflation comparison by year

Inflation
East Timor

Hungary
1x
Year Consumer prices inflation
East Timor Hungary
2024 2.1% 3.7%
2023 8.4% 17.1%
2022 7% 14.6%
2021 3.8% 5.11%
2020 0.5% 3.33%
2019 0.9% 3.34%
2018 2.3% 2.85%
2017 0.5% 2.35%
2016 -1.5% 0.39%
2015 0.6% -0.06%
2014 0.8% -0.23%
2013 9.5% 1.73%
2012 10.9% 5.65%
2011 13.2% 3.93%
2010 5.2% 4.86%
2009 -0.2% 4.21%
2008 7.4% 6.04%
2007 8.6% 7.96%
2006 5.2% 3.93%
2005 1.6% 3.56%
2004 2.2% 6.74%
2003 8% 4.66%
2002 4.1% 5.27%
2001 3.6% 9.12%
2000 - 9.8%
1999 - 10%
1998 - 14.2%
1997 - 18.3%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/hungary | CC BY

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 5.01% in Hungary. In 2024, inflation was 2.1% in East Timor and 3.7% in Hungary.

Top exports between countries

East Timor
Export category Export value
Hungary
Export category Export value
Animal & marine products $30K
Chemicals & pharma $1K

Balance of trade

East Timor Hungary
Current account balance
-$587M
2024
$3.52B
2024
Current account balance ranking
108/190
2024
36/190
2024
Current account balance, % of GDP
-31.5%
2024
+1.58%
2024
Goods imports
$839M
2024
$130B
2024
Goods exports
$196M
2024
$129B
2024
Service imports
$432M
2024
$27.9B
2024
Service exports
$82.1M
2024
$38.9B
2024
Imports of goods and services, % of GDP
84.9%
2024
71.1%
2024
Exports of goods and services, % of GDP
10.6%
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.

East Timor Hungary
Economic freedom 47.9 62.5
Economic freedom ranking 173/197 86/197
Property rights 43.5 67.3
Government integrity 43.9 44
Judicial effectiveness 34.5 61.9
Tax burden 97.1 85.1
Government spending 0 30.2
Fiscal health 19.6 32.7
Business freedom 62.7 70.8
Labor freedom 56.5 56.5
Monetary freedom 72.2 72.1
Trade freedom 79.8 79.4
Investment freedom 45 80
Financial freedom 20 70

Economic freedom comparison by year

East Timor
Hungary
1x
Year Economic freedom index
East Timor Hungary
2026 47.9 62.5
2025 47.9 61.4
2024 50.2 61.2
2023 47.2 64.1
2022 46.3 66.9
2021 44.7 67.2
2020 45.9 66.4
2019 44.2 65
2018 48.1 66.7
2017 46.3 65.8
2016 45.8 66
2015 45.5 66.8
2014 43.2 67
2013 43.7 67.3
2012 43.3 67.1
2011 42.8 66.6
2010 45.8 66.1
2009 50.5 66.8
2008 - 67.6
2007 - 64.8
2006 - 65
2005 - 63.5
2004 - 62.7
2003 - 63
2002 - 64.5
2001 - 65.6
2000 - 64.4
1999 - 59.6
1998 - 56.9
1997 - 55.3
1996 - 56.8
1995 - 55.2

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

GeoRank.org/economy/east-timor/hungary | CC BY

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, 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

East Timor Hungary
Services, % of GDP
71.6%
2024
59.5%
2024
Industry, % of GDP
11.8%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
2.71%
2024
GNI, Atlas method
$2.31B
2024
$199B
2024
GNI per capita, PPP
$5,040
2024
$47,290
2024
Total reserves including gold
$737M
2024
$46.4B
2024
Total reserves ranking
147/177
2024
42/177
2024
Net foreign direct investment
-$211M
2024
-$15.8B
2024
Net inflows of foreign direct investment
$216M
2024
-$62.2B
2024
Net outflows of foreign direct investment
$4.5M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
41.8%
2014
12.1%
2021
Gross capital formation, % of GDP
30.1%
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/east-timor/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, 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.