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Economy of Gabon vs Hungary compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $223B for Hungary, ranking 127/197 and 55/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Gabon vs Hungary GDP by year

Gabon
Hungary
1x
Year GDP, current $
Gabon Hungary
2024 $20,895,684,426 $222,722,738,926
2023 $19,388,372,071 $213,240,316,635
2022 $20,440,655,695 $177,002,580,544
2021 $19,444,935,097 $183,282,685,440
2020 $15,342,236,164 $158,468,487,754
2019 $16,874,405,465 $164,936,682,034
2018 $16,867,326,402 $161,184,691,014
2017 $14,929,487,485 $143,335,098,992
2016 $14,023,890,265 $128,983,560,865
2015 $14,383,107,763 $125,244,126,623
2014 $18,203,966,896 $141,128,696,412
2013 $17,595,744,798 $135,646,053,779
2012 $17,170,464,016 $128,470,269,690
2011 $18,210,307,744 $141,712,804,954
2010 $14,372,593,020 $131,898,737,241
2009 $12,113,699,068 $130,807,441,076
2008 $15,571,348,344 $158,228,265,916
2007 $12,455,409,587 $140,123,326,896
2006 $10,327,598,306 $115,604,111,412
2005 $9,582,783,991 $113,098,237,571
2004 $7,770,219,008 $104,015,363,080
2003 $6,511,903,365 $85,190,469,121
2002 $5,335,451,100 $67,636,468,625
2001 $5,023,265,413 $53,800,068,066
2000 $5,080,483,629 $47,275,954,429
1999 $4,662,992,036 $49,160,204,397
1998 $4,483,417,310 $48,784,412,624
1997 $5,326,817,115 $47,398,564,799
1996 $5,694,040,003 $46,833,767,124
1995 $4,958,845,648 $46,577,614,589
1994 $4,190,819,344 $43,307,949,890
1993 $4,378,645,081 $40,256,233,360
1992 $5,592,390,827 $38,857,339,125
1991 $5,402,919,785 $34,867,307,353
1990 $5,952,293,765 $34,478,360,679
1989 $4,186,411,464 $30,422,508,938
1988 $3,834,503,376 $29,799,838,597
1987 $3,281,797,043 $27,232,016,527
1986 $3,403,638,189 $24,778,163,812
1985 $3,339,914,757 $21,510,643,750
1984 $3,561,451,561 $21,242,726,264
1983 $3,391,275,732 $21,910,365,258
1982 $3,618,007,841 $24,141,667,188
1981 $3,862,269,121 $23,705,883,892
1980 $4,279,637,942 $23,116,977,148
1979 $3,030,251,120 $19,959,731,325
1978 $2,389,479,272 $17,286,744,154
1977 $2,809,349,069 $14,783,674,055
1976 $3,009,409,974 $13,235,612,079
1975 $2,157,592,940 $11,420,392,515
1974 $1,544,216,002 $10,016,338,179
1973 $722,780,701 $9,138,292,402
1972 $430,508,359 $7,379,313,742
1971 $381,687,073 $6,291,568,221
1970 $323,802,476 $5,780,929,203
1969 $318,124,701 $5,429,812,387
1968 $294,468,564 $4,886,222,555
1967 $271,543,680 -
1966 $245,849,781 -
1965 $226,474,286 -
1964 $215,679,855 -
1963 $154,480,244 -
1962 $182,796,536 -
1961 $167,637,907 -
1960 $141,468,978 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Gabon vs Hungary by year

Gabon
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $23,292 $48,552
2023 $7,803 $20,756 $22,231 $46,592
2022 $8,409 $19,993 $18,428 $44,366
2021 $8,181 $18,524 $19,031 $38,887
2020 $6,606 $14,477 $16,387 $35,584
2019 $7,441 $15,950 $17,013 $35,627
2018 $7,624 $15,432 $16,605 $32,258
2017 $6,922 $14,797 $14,736 $29,728
2016 $6,677 $13,998 $13,216 $28,179
2015 $7,047 $14,306 $12,783 $26,938
2014 $9,201 $14,854 $14,353 $25,796
2013 $9,198 $14,498 $13,739 $24,592
2012 $9,297 $14,620 $12,950 $23,205
2011 $10,219 $14,784 $14,211 $22,992
2010 $8,357 $14,015 $13,190 $21,691
2009 $7,291 $13,384 $13,051 $20,691
2008 $9,689 $13,734 $15,763 $20,709
2007 $8,004 $14,391 $13,935 $19,089
2006 $6,847 $13,637 $11,478 $18,362
2005 $6,548 $14,028 $11,212 $17,091
2004 $5,466 $13,638 $10,291 $16,251
2003 $4,711 $13,564 $8,410 $15,460
2002 $3,966 $13,369 $6,658 $14,532
2001 $3,836 $13,556 $5,281 $13,223
2000 $3,983 $13,326 $4,630 $11,872
1999 $3,751 $13,629 $4,802 $10,892
1998 $3,700 $15,138 $4,752 $10,415
1997 $4,509 $14,837 $4,606 $9,846
1996 $4,943 $14,147 $4,542 $9,388
1995 $4,415 $13,750 $4,509 $9,222
1994 $3,828 $13,164 $4,187 $8,888
1993 $4,106 $12,757 $3,887 $8,441
1992 $5,386 $12,312 $3,747 $8,284
1991 $5,345 $12,760 $3,361 $8,352
1990 $6,051 $11,952 $3,324 $9,169
1989 $4,374 - $2,902 -
1988 $4,119 - $2,812 -
1987 $3,624 - $2,566 -
1986 $3,865 - $2,331 -
1985 $3,898 - $2,020 -
1984 $4,273 - $1,991 -
1983 $4,182 - $2,050 -
1982 $4,584 - $2,255 -
1981 $5,026 - $2,213 -
1980 $5,718 - $2,158 -
1979 $4,155 - $1,865 -
1978 $3,360 - $1,618 -
1977 $4,048 - $1,388 -
1976 $4,441 - $1,249 -
1975 $3,258 - $1,083 -
1974 $2,384 - $956 -
1973 $1,140 - $876 -
1972 $693 - $710 -
1971 $627 - $607 -
1970 $543 - $559 -
1969 $545 - $527 -
1968 $515 - $476 -
1967 $482 - - -
1966 $443 - - -
1965 $415 - - -
1964 $400 - - -
1963 $290.7 - - -
1962 $348 - - -
1961 $323 - - -
1960 $276.1 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Hungary ranks 48th at $48,552.

Economic indicators

Gabon Hungary
Gross domestic product
$20.9B
2024
$223B
2024
GDP rank
127/197
2024
55/197
2024
GDP growth
3.39%
2023-2024
0.56%
2023-2024
GDP per capita
$8,230
2024
$23,292
2024
GDP per capita rank
93/197
2024
55/197
2024
GDP per capita, PPP
$21,510
2024
$48,552
2024
GDP per capita PPP rank
90/197
2024
48/197
2024
Government debt
$15.2B
2024
$164B
2024
Debt-to-GDP ratio
72.7%
2024
73.5%
2024
Government debt per person
$5,985
2024
$17,109
2024
Government debt per person rank
75/185
2024
37/185
2024
Average annual personal income after taxes
$5,368
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%
27.7%
2017
24.4%
2022
Income share by poorest 10%
2.2%
2017
2.8%
2022
Government expenditure, % of GDP
24.8%
2024
46.9%
2024
Consumer prices inflation
1.17%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
20.4%
2010
4.47%
2024
Population
2663339
9475525

Spending and national debt comparison by year

Gabon
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Gabon Hungary
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 46.9% 73.5%
2023 21.5% 70.6% 49.2% 73%
2022 19.7% 65.6% 48.7% 73.9%
2021 17.3% 72.9% 48.1% 76.2%
2020 19.8% 83% 51% 78.7%
2019 17.4% 59.8% 45.8% 65%
2018 17.1% 62.3% 45.9% 68.8%
2017 18.1% 62.9% 46.6% 72%
2016 21.8% 64.5% 46.7% 74.6%
2015 22.3% 44.7% 50.4% 75.7%
2014 23.8% 34.1% 50% 76.5%
2013 34.7% 31.1% 50.1% 77.2%
2012 23.9% 21.4% 49.2% 78.4%
2011 22.1% 21.4% 49.1% 80.5%
2010 23.1% 21.3% 48.9% 80.2%
2009 22.6% 26% 50.7% 78.2%
2008 18.9% 20.1% 48.8% 71.8%
2007 19.4% 39.2% 49.9% 65.6%
2006 21.1% 34.9% 51.4% 64.5%
2005 20.8% 41.7% 49.4% 60.6%
2004 20.9% 60.3% 48.8% 58.9%
2003 21.2% 70.2% 49.2% 58.2%
2002 25.7% 81.1% 51% 55.6%
2001 27.8% 81% 47.2% 52.2%
2000 20.3% 72.5% 47.3% 55.6%
1999 25.5% 73.1% 48.9% 60.3%
1998 45.5% 87.6% 50.7% 60.4%
1997 29.7% 57% 49.5% 62.2%
1996 22.2% 64.5% 50.9% 71.2%
1995 25.1% 73.4% 55% 83.9%
1994 23.9% 71.3% - 86.2%
1993 26.9% 90.1% - 87.2%
1992 26.5% 87.9% - 76.5%
1991 25.1% 89.3% - 74.2%
1990 22.6% 90% - 63.7%
1989 - - - 70.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 73.5% in Hungary, ranking 51/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Hungary
1x
Year Deficit/surplus, % of GDP
Gabon Hungary
2024 -3.84% -4.92%
2023 1.79% -6.75%
2022 -0.89% -6.17%
2021 -1.93% -7.11%
2020 -2.19% -7.49%
2019 2.13% -2.02%
2018 -0.21% -2.05%
2017 -1.7% -2.45%
2016 -4.71% -1.79%
2015 -1.12% -2%
2014 5.98% -2.77%
2013 -3.07% -2.6%
2012 6.2% -2.33%
2011 1.41% -5.22%
2010 2.7% -4.44%
2009 6.77% -4.76%
2008 11% -3.78%
2007 8.06% -5.09%
2006 8.67% -9.27%
2005 7.98% -7.79%
2004 6.99% -6.6%
2003 7.75% -7.19%
2002 3.72% -8.79%
2001 4.07% -4%
2000 11.1% -3.04%
1999 1.11% -5.27%
1998 -13.1% -7.41%
1997 1.41% -5.54%
1996 2.12% -4.36%
1995 2.64% -8.57%
1994 -1.53% -
1993 -5.35% -
1992 -4.9% -
1991 -2.03% -
1990 -3.83% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

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

In 2024, Gabon's government deficit, the difference between spending and revenue, was $802M, equivalent to 3.84% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Gabon recorded a fiscal deficit in 10 of those years, while Hungary ran a deficit in 30 years. On average, Gabon posted an annual surplus equal to 2.36% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Gabon

Hungary
1x
Year Consumer prices inflation
Gabon Hungary
2024 1.17% 3.7%
2023 3.63% 17.1%
2022 4.23% 14.6%
2021 1.09% 5.11%
2020 1.35% 3.33%
2019 2.46% 3.34%
2018 4.75% 2.85%
2017 2.65% 2.35%
2016 2.11% 0.39%
2015 -0.34% -0.06%
2014 4.69% -0.23%
2013 0.51% 1.73%
2012 2.65% 5.65%
2011 1.26% 3.93%
2010 1.46% 4.86%
2009 1.89% 4.21%
2008 5.26% 6.04%
2007 5.03% 7.96%
2006 -1.41% 3.93%
2005 3.71% 3.56%
2004 0.41% 6.74%
2003 2.24% 4.66%
2002 0.04% 5.27%
2001 2.14% 9.12%
2000 0.5% 9.8%
1999 -1.94% 10%
1998 1.45% 14.2%
1997 3.97% 18.3%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 6.16% in Hungary. In 2024, inflation was 1.17% in Gabon and 3.7% in Hungary.

Top exports between countries

Gabon
Export category Export value
Machinery & equipment $9K
Hungary
Export category Export value
Animal & marine products $860K
Raw materials & minerals $168K
Raw agricultural goods $159K
Chemicals & pharma $126K
Machinery & equipment $113K
Textiles & consumer goods $92K
Processed food, beverages & tobacco $40K
Metals $5K
Precious metals & jewellery $1K
Wood & paper products $1K

Balance of trade

Gabon Hungary
Current account balance
$141M
2015
$3.52B
2024
Current account balance ranking
66/190
2015
36/190
2024
Current account balance, % of GDP
+0.98%
2015
+1.58%
2024
Goods imports
$3.17B
2015
$130B
2024
Goods exports
$5.11B
2015
$129B
2024
Service imports
$1.88B
2015
$27.9B
2024
Service exports
$277M
2015
$38.9B
2024
Imports of goods and services, % of GDP
27.5%
2024
71.1%
2024
Exports of goods and services, % of GDP
64.6%
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.

Gabon Hungary
Economic freedom 56.6 62.5
Economic freedom ranking 120/197 86/197
Property rights 30 67.3
Government integrity 22.6 44
Judicial effectiveness 19.9 61.9
Tax burden 76.5 85.1
Government spending 85.5 30.2
Fiscal health 87.9 32.7
Business freedom 63.6 70.8
Labor freedom 55.4 56.5
Monetary freedom 80.9 72.1
Trade freedom 57.4 79.4
Investment freedom 60 80
Financial freedom 40 70

Economic freedom comparison by year

Gabon
Hungary
1x
Year Economic freedom index
Gabon Hungary
2026 56.6 62.5
2025 56.3 61.4
2024 56.9 61.2
2023 56.1 64.1
2022 55.8 66.9
2021 58.1 67.2
2020 56.7 66.4
2019 56.3 65
2018 58 66.7
2017 58.6 65.8
2016 59 66
2015 58.3 66.8
2014 57.8 67
2013 57.8 67.3
2012 56.4 67.1
2011 56.7 66.6
2010 55.4 66.1
2009 55 66.8
2008 54.2 67.6
2007 54.8 64.8
2006 56.1 65
2005 54.8 63.5
2004 57.1 62.7
2003 58.7 63
2002 58 64.5
2001 55 65.6
2000 58.2 64.4
1999 60.5 59.6
1998 59.2 56.9
1997 58.8 55.3
1996 55.7 56.8
1995 57.5 55.2

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, 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

Gabon Hungary
Services, % of GDP
36.8%
2024
59.5%
2024
Industry, % of GDP
52.9%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
2.71%
2024
GNI, Atlas method
$19.8B
2024
$199B
2024
GNI per capita, PPP
$20,400
2024
$47,290
2024
Total reserves including gold
$1.45B
2023
$46.4B
2024
Total reserves ranking
136/177
2023
42/177
2024
Net foreign direct investment
-$25.3M
2015
-$15.8B
2024
Net inflows of foreign direct investment
$1.14B
2024
-$62.2B
2024
Net outflows of foreign direct investment
-$33.8M
2019
-$78B
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
n/a
Poverty at national poverty lines
33.4%
2017
12.1%
2021
Gross capital formation, % of GDP
19.1%
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/gabon/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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.