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Economy of Ethiopia vs Hungary compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $246B for Hungary, ranking 66/197 and 55/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Ethiopia vs Hungary GDP by year

Ethiopia
Hungary
1x
Year GDP, current $
Ethiopia Hungary
2025 $126,358,758,448 $246,490,213,513
2024 $149,740,297,952 $222,848,211,034
2023 $135,874,093,203 $213,029,511,029
2022 $123,140,304,665 $177,002,580,544
2021 $109,070,960,371 $183,282,685,440
2020 $98,676,811,062 $158,468,487,754
2019 $91,834,517,114 $164,936,682,034
2018 $83,337,901,072 $161,184,691,014
2017 $76,366,081,767 $143,335,098,992
2016 $68,475,871,210 $128,983,560,865
2015 $62,103,418,182 $125,244,126,623
2014 $55,612,228,234 $141,128,696,412
2013 $47,648,276,605 $135,646,053,779
2012 $43,310,721,414 $128,470,269,690
2011 $31,952,763,089 $141,712,804,954
2010 $29,933,790,334 $131,898,737,241
2009 $32,437,389,116 $130,807,441,076
2008 $27,066,912,635 $158,228,265,916
2007 $19,707,616,773 $140,123,326,896
2006 $15,280,861,835 $115,604,111,412
2005 $12,401,139,454 $113,098,237,571
2004 $10,131,187,261 $104,015,363,080
2003 $8,623,691,300 $85,190,469,121
2002 $7,850,809,498 $67,636,468,625
2001 $8,231,326,016 $53,800,068,066
2000 $8,242,349,618 $47,275,954,429
1999 $7,892,973,532 $49,160,204,397
1998 $8,013,274,132 $48,784,412,624
1997 $8,803,539,988 $47,398,564,799
1996 $8,761,215,548 $46,833,767,124
1995 $7,855,205,207 $46,577,614,589
1994 $7,100,806,754 $43,307,949,890
1993 $9,051,043,870 $40,256,233,360
1992 $10,754,799,037 $38,857,339,125
1991 $13,799,799,324 $34,867,307,353
1990 $12,478,943,895 $34,478,360,679
1989 $11,762,932,007 $30,422,508,938
1988 $11,181,119,718 $29,799,838,597
1987 $10,790,001,558 $27,232,016,527
1986 $10,094,328,898 $24,778,163,812
1985 $9,717,392,687 $21,510,643,750
1984 $8,298,309,581 $21,242,726,264
1983 $8,781,664,427 $21,910,365,258
1982 $7,899,988,841 $24,141,667,188
1981 $7,507,663,567 $23,705,883,892
1980 $7,012,585,454 $23,116,977,148
1979 $6,586,048,398 $19,959,731,325
1978 $6,014,961,435 $17,286,744,154
1977 $5,651,840,585 $14,783,674,055
1976 $4,943,806,093 $13,235,612,079
1975 $4,577,047,854 $11,420,392,515
1974 $4,577,209,966 $10,016,338,179
1973 $4,070,570,550 $9,138,292,402
1972 $3,520,252,938 $7,379,313,742
1971 $3,224,280,835 $6,291,568,221
1970 $3,045,354,455 $5,780,929,203
1969 $2,768,987,372 $5,429,812,387
1968 $2,619,948,865 $4,886,222,555
1967 $2,461,762,003 -
1966 $2,324,466,416 -
1965 $2,159,998,591 -
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

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

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

GDP per capita in Ethiopia vs Hungary by year

Ethiopia
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $25,907 -
2024 $1,134 $3,288 $23,305 $48,552
2023 $1,056 $3,061 $22,209 $46,592
2022 $982 $2,845 $18,428 $44,366
2021 $893 $2,588 $19,031 $38,887
2020 $830 $2,407 $16,387 $35,584
2019 $793 $2,242 $17,013 $35,627
2018 $740 $2,095 $16,605 $32,258
2017 $696 $2,005 $14,736 $29,728
2016 $642 $1,858 $13,216 $28,179
2015 $598 $1,633 $12,783 $26,938
2014 $550 $1,485 $14,353 $25,796
2013 $484 $1,253 $13,739 $24,592
2012 $452 $1,179 $12,950 $23,205
2011 $343 $1,098 $14,211 $22,992
2010 $331 $996 $13,190 $21,691
2009 $369 $899 $13,051 $20,691
2008 $316 $845 $15,763 $20,709
2007 $237.1 $770 $13,935 $19,089
2006 $189.3 $693 $11,478 $18,362
2005 $158.2 $625 $11,212 $17,091
2004 $133.2 $558 $10,291 $16,251
2003 $116.8 $493 $8,410 $15,460
2002 $109.6 $509 $6,658 $14,532
2001 $118.5 $509 $5,281 $13,223
2000 $122.3 $474 $4,630 $11,872
1999 $120.7 $450 $4,802 $10,892
1998 $126.5 $436 $4,752 $10,415
1997 $143.4 $461 $4,606 $9,846
1996 $147.3 $453 $4,542 $9,388
1995 $136.5 $409 $4,509 $9,222
1994 $127.7 $391 $4,187 $8,888
1993 $168.5 $384 $3,887 $8,441
1992 $207.4 $343 $3,747 $8,284
1991 $277.6 $383 $3,361 $8,352
1990 $262.1 $417 $3,324 $9,169
1989 $256.4 - $2,902 -
1988 $253.2 - $2,812 -
1987 $254.1 - $2,566 -
1986 $246 - $2,331 -
1985 $243.9 - $2,020 -
1984 $214.2 - $1,991 -
1983 $232.7 - $2,050 -
1982 $215.3 - $2,255 -
1981 $212.7 - $2,213 -
1980 $203.7 - $2,158 -
1979 $192.4 - $1,865 -
1978 $178.3 - $1,618 -
1977 $170.4 - $1,388 -
1976 $152 - $1,249 -
1975 $144.3 - $1,083 -
1974 $147.9 - $956 -
1973 $134.9 - $876 -
1972 $119.8 - $710 -
1971 $112.7 - $607 -
1970 $109.4 - $559 -
1969 $102.3 - $527 -
1968 $99.5 - $476 -
1967 $96.1 - - -
1966 $93.2 - - -
1965 $88.9 - - -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

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

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Hungary ranks 48th at $48,552.

Economic indicators

Ethiopia Hungary
Gross domestic product
$126B
2025
$246B
2025
GDP rank
66/197
2025
55/197
2025
GDP growth
9.77%
2024-2025
0.51%
2024-2025
GDP per capita
$933
2025
$25,907
2025
GDP per capita rank
182/197
2025
52/197
2025
GDP per capita, PPP
$3,288
2024
$48,552
2024
GDP per capita PPP rank
175/197
2024
48/197
2024
Government debt
$54.4B
2025
$185B
2025
Debt-to-GDP ratio
43.1%
2025
75.2%
2025
Government debt per person
$402
2025
$19,473
2025
Government debt per person rank
172/185
2025
33/185
2025
Average annual personal income after taxes
$2,030
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%
24.8%
2021
24.4%
2022
Income share by poorest 10%
3.5%
2021
2.8%
2022
Government expenditure, % of GDP
12%
2025
47.5%
2025
Consumer prices inflation
13.2%
2024-2025
4.41%
2024-2025
Central bank interest rate n/a
6.25%
2026
Unemployment rate
3.94%
2021
4.4%
2025
Population
140722974
9454659

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Ethiopia Hungary
Government spending Government debt Government spending Government debt
2025 12% 43.1% 47.5% 75.2%
2024 9.54% 33.4% 46.9% 73.5%
2023 10.8% 38.7% 49.3% 73.2%
2022 12.7% 46.9% 48.9% 74.1%
2021 13.8% 53.8% 48.1% 76.2%
2020 14.5% 53.2% 51% 78.7%
2019 15.4% 54.7% 45.8% 65%
2018 16.1% 58.4% 45.9% 68.8%
2017 18% 55.3% 46.6% 72%
2016 17.9% 51.8% 46.7% 74.6%
2015 17.3% 50.7% 50.4% 75.7%
2014 17.5% 44.2% 50% 76.5%
2013 17.8% 44.1% 50.1% 77.2%
2012 16.6% 39.4% 49.2% 78.4%
2011 18.2% 44.6% 49.1% 80.5%
2010 18.5% 39.4% 48.9% 80.2%
2009 17.1% 30% 50.7% 78.2%
2008 18.8% 56.1% 48.8% 71.8%
2007 20.5% 55.7% 49.9% 65.6%
2006 22.1% 79.6% 51.4% 64.5%
2005 22.9% 78.2% 49.4% 60.6%
2004 23.1% 103.1% 48.8% 58.9%
2003 27% 103.7% 49.2% 58.2%
2002 24.9% 107.4% 51% 55.6%
2001 22.4% 97.3% 47.2% 52.2%
2000 25.6% 93.6% 47.3% 55.6%
1999 26.8% 97.8% 48.9% 60.3%
1998 21.1% 89.3% 50.7% 60.4%
1997 17.9% 80.3% 49.5% 62.2%
1996 18.8% 132.8% 50.9% 71.2%
1995 17.4% 146.6% 55% 83.9%
1994 17.6% 155.2% - 86.2%
1993 13.8% 141% - 87.2%
1992 14.2% 87.9% - 76.5%
1991 17.3% 89.3% - 74.2%
1990 20.9% 91.6% - 63.7%
1989 24% 84.7% - 70.7%
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1994, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 75.2% in Hungary, ranking 122/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Hungary
1x
Year Deficit/surplus, % of GDP
Ethiopia Hungary
2025 -1.19% -4.68%
2024 -1.99% -4.9%
2023 -2.6% -6.77%
2022 -4.16% -6.19%
2021 -2.77% -7.11%
2020 -2.76% -7.49%
2019 -2.53% -2.02%
2018 -3.03% -2.05%
2017 -3.24% -2.45%
2016 -2.3% -1.79%
2015 -1.95% -2%
2014 -2.58% -2.77%
2013 -1.93% -2.6%
2012 -1.17% -2.33%
2011 -1.61% -5.22%
2010 -1.32% -4.44%
2009 -0.93% -4.76%
2008 -2.88% -3.78%
2007 -3.57% -5.09%
2006 -3.79% -9.27%
2005 -4.12% -7.79%
2004 -2.65% -6.6%
2003 -5.59% -7.19%
2002 -5.76% -8.79%
2001 -3.76% -4%
2000 -8.88% -3.04%
1999 -8.54% -5.27%
1998 -3.65% -7.41%
1997 -1.76% -5.54%
1996 -3.93% -4.36%
1995 -2.76% -8.57%
1994 -5.39% -
1993 -4.12% -
1992 -4.92% -
1991 -6% -
1990 -6.86% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

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

In 2025, Ethiopia's government deficit, the difference between spending and revenue, was $1.5B, equivalent to 1.19% of GDP. This compares to Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, Ethiopia recorded a fiscal deficit in 31 of those years, while Hungary ran a deficit in 31 years. On average, Ethiopia posted an annual deficit equal to 3.22% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Ethiopia

Hungary
1x
Year Consumer prices inflation
Ethiopia Hungary
2025 13.2% 4.41%
2024 21% 3.7%
2023 30.2% 17.1%
2022 33.9% 14.6%
2021 26.8% 5.11%
2020 20.4% 3.33%
2019 15.8% 3.34%
2018 13.8% 2.85%
2017 10.7% 2.35%
2016 6.63% 0.39%
2015 9.57% -0.06%
2014 6.89% -0.23%
2013 7.46% 1.73%
2012 23.6% 5.65%
2011 33.2% 3.93%
2010 8.15% 4.86%
2009 8.48% 4.21%
2008 44.4% 6.04%
2007 17.2% 7.96%
2006 12.3% 3.93%
2005 9.97% 3.56%
2004 3.33% 6.74%
2003 13.7% 4.66%
2002 0.68% 5.27%
2001 -8.24% 9.12%
2000 0.66% 9.8%
1999 7.94% 10%
1998 0.89% 14.2%
1997 2.4% 18.3%

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

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 6.1% in Hungary. In 2025, inflation was 13.2% in Ethiopia and 4.41% in Hungary.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $192K
Textiles & consumer goods $126K
Animal & marine products $18K
Machinery & equipment $16K
Metals $1K
Precious metals & jewellery $1K
Hungary
Export category Export value
Machinery & equipment $8.17M
Chemicals & pharma $2.01M
Processed food, beverages & tobacco $1.3M
Raw materials & minerals $1.18M
Animal & marine products $744K
Textiles & consumer goods $348K
Metals $15K
Miscellaneous $3K
Raw agricultural goods $2K
Wood & paper products $1K

Balance of trade

Ethiopia Hungary
Current account balance
-$3.79B
2024
$4.08B
2025
Current account balance ranking
154/190
2024
34/190
2025
Current account balance, % of GDP
-2.53%
2024
+1.65%
2025
Goods imports
$19.6B
2024
$139B
2025
Goods exports
$5.58B
2024
$136B
2025
Service imports
$5.51B
2024
$29.8B
2025
Service exports
$7.61B
2024
$43.1B
2025
Imports of goods and services, % of GDP
20.2%
2025
68.1%
2025
Exports of goods and services, % of GDP
13.3%
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.

Ethiopia Hungary
Economic freedom 48.1 62.5
Economic freedom ranking 171/197 86/197
Property rights 22.1 67.3
Government integrity 33.2 44
Judicial effectiveness 19.1 61.9
Tax burden 78.6 85.1
Government spending 96.4 30.2
Fiscal health 84.3 32.7
Business freedom 44.5 70.8
Labor freedom 37.8 56.5
Monetary freedom 53.7 72.1
Trade freedom 57.4 79.4
Investment freedom 30 80
Financial freedom 20 70

Economic freedom comparison by year

Ethiopia
Hungary
1x
Year Economic freedom index
Ethiopia Hungary
2026 48.1 62.5
2025 48.1 61.4
2024 47.9 61.2
2023 48.3 64.1
2022 49.6 66.9
2021 51.7 67.2
2020 53.6 66.4
2019 53.6 65
2018 52.8 66.7
2017 52.7 65.8
2016 51.5 66
2015 51.5 66.8
2014 50 67
2013 49.4 67.3
2012 52 67.1
2011 50.5 66.6
2010 51.2 66.1
2009 53 66.8
2008 52.5 67.6
2007 53.6 64.8
2006 50.9 65
2005 51.1 63.5
2004 54.5 62.7
2003 48.8 63
2002 49.8 64.5
2001 48.9 65.6
2000 50.2 64.4
1999 46.7 59.6
1998 49.2 56.9
1997 48.1 55.3
1996 45.9 56.8
1995 42.6 55.2

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Hungary
Services, % of GDP
36.6%
2025
60.1%
2025
Industry, % of GDP
27.8%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
2.65%
2025
GNI, Atlas method
$151B
2025
$227B
2025
GNI per capita, PPP
$3,620
2025
$48,630
2025
Total reserves including gold
$3.78B
2024
$59.1B
2025
Total reserves ranking
113/177
2024
42/177
2025
Net foreign direct investment
-$4.02B
2024
$9.1B
2025
Net inflows of foreign direct investment
$4.02B
2024
-$61.3B
2024
Net outflows of foreign direct investment
$0
2024
-$76.3B
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
n/a
Poverty at national poverty lines
33.1%
2021
12.1%
2021
Gross capital formation, % of GDP
20.1%
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/ethiopia/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 (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.