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Economy of Guatemala vs Hungary compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $246B for Hungary, ranking 67/197 and 55/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Guatemala vs Hungary GDP by year

Guatemala
Hungary
1x
Year GDP, current $
Guatemala Hungary
2025 $123,306,008,821 $246,490,213,513
2024 $113,215,575,151 $222,848,211,034
2023 $104,298,081,429 $213,029,511,029
2022 $95,609,727,056 $177,002,580,544
2021 $86,455,522,273 $183,282,685,440
2020 $77,719,468,248 $158,468,487,754
2019 $77,172,331,693 $164,936,682,034
2018 $73,328,356,008 $161,184,691,014
2017 $71,653,780,740 $143,335,098,992
2016 $66,053,408,206 $128,983,560,865
2015 $62,186,066,548 $125,244,126,623
2014 $57,852,159,008 $141,128,696,412
2013 $52,996,420,177 $135,646,053,779
2012 $49,593,929,487 $128,470,269,690
2011 $46,876,006,272 $141,712,804,954
2010 $40,676,578,423 $131,898,737,241
2009 $37,126,148,265 $130,807,441,076
2008 $38,503,720,224 $158,228,265,916
2007 $33,567,850,824 $140,123,326,896
2006 $29,744,246,827 $115,604,111,412
2005 $26,783,389,294 $113,098,237,571
2004 $23,577,298,095 $104,015,363,080
2003 $21,576,351,799 $85,190,469,121
2002 $20,444,205,991 $67,636,468,625
2001 $18,405,220,247 $53,800,068,066
2000 $19,288,929,030 $47,275,954,429
1999 $18,318,412,251 $49,160,204,397
1998 $19,395,491,993 $48,784,412,624
1997 $17,790,026,222 $47,398,564,799
1996 $15,674,835,615 $46,833,767,124
1995 $14,655,404,433 $46,577,614,589
1994 $12,983,233,311 $43,307,949,890
1993 $11,400,017,301 $40,256,233,360
1992 $10,440,781,588 $38,857,339,125
1991 $9,406,135,143 $34,867,307,353
1990 $7,650,196,845 $34,478,360,679
1989 $8,410,724,361 $30,422,508,938
1988 $7,841,602,824 $29,799,838,597
1987 $7,084,399,840 $27,232,016,527
1986 $7,231,963,516 $24,778,163,812
1985 $9,721,652,087 $21,510,643,750
1984 $9,470,000,100 $21,242,726,264
1983 $9,050,000,400 $21,910,365,258
1982 $8,716,999,700 $24,141,667,188
1981 $8,607,500,300 $23,705,883,892
1980 $7,878,700,000 $23,116,977,148
1979 $6,902,600,200 $19,959,731,325
1978 $6,070,600,200 $17,286,744,154
1977 $5,480,500,200 $14,783,674,055
1976 $4,365,300,200 $13,235,612,079
1975 $3,645,900,000 $11,420,392,515
1974 $3,161,499,900 $10,016,338,179
1973 $2,569,200,100 $9,138,292,402
1972 $2,101,300,000 $7,379,313,742
1971 $1,984,800,000 $6,291,568,221
1970 $1,904,000,000 $5,780,929,203
1969 $1,715,399,900 $5,429,812,387
1968 $1,610,500,000 $4,886,222,555
1967 $1,453,500,000 -
1966 $1,390,700,000 -
1965 $1,331,399,900 -
1964 $1,299,099,900 -
1963 $1,262,800,000 -
1962 $1,143,600,000 -
1961 $1,076,699,900 -
1960 $1,043,599,900 -

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

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

GDP per capita in Guatemala vs Hungary by year

Guatemala
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $25,907 -
2024 $6,151 $14,369 $23,305 $48,552
2023 $5,754 $13,745 $22,209 $46,592
2022 $5,357 $13,014 $18,428 $44,366
2021 $4,913 $11,825 $19,031 $38,887
2020 $4,478 $10,947 $16,387 $35,584
2019 $4,512 $10,756 $17,013 $35,627
2018 $4,353 $9,947 $16,605 $32,258
2017 $4,325 $9,560 $14,736 $29,728
2016 $4,060 $9,201 $13,216 $28,179
2015 $3,894 $8,934 $12,783 $26,938
2014 $3,689 $8,237 $14,353 $25,796
2013 $3,444 $7,700 $13,739 $24,592
2012 $3,287 $7,258 $12,950 $23,205
2011 $3,169 $6,784 $14,211 $22,992
2010 $2,805 $6,510 $13,190 $21,691
2009 $2,612 $6,377 $13,051 $20,691
2008 $2,763 $6,435 $15,763 $20,709
2007 $2,459 $6,238 $13,935 $19,089
2006 $2,225 $5,833 $11,478 $18,362
2005 $2,046 $5,486 $11,212 $17,091
2004 $1,841 $5,263 $10,291 $16,251
2003 $1,723 $5,081 $8,410 $15,460
2002 $1,669 $4,969 $6,658 $14,532
2001 $1,538 $4,822 $5,281 $13,223
2000 $1,649 $4,715 $4,630 $11,872
1999 $1,604 $4,557 $4,802 $10,892
1998 $1,741 $4,437 $4,752 $10,415
1997 $1,638 $4,287 $4,606 $9,846
1996 $1,481 $4,143 $4,542 $9,388
1995 $1,421 $4,055 $4,509 $9,222
1994 $1,293 $3,886 $4,187 $8,888
1993 $1,166 $3,756 $3,887 $8,441
1992 $1,096 $3,626 $3,747 $8,284
1991 $1,014 $3,473 $3,361 $8,352
1990 $848 $3,330 $3,324 $9,169
1989 $958 - $2,902 -
1988 $919 - $2,812 -
1987 $854 - $2,566 -
1986 $896 - $2,331 -
1985 $1,238 - $2,020 -
1984 $1,241 - $1,991 -
1983 $1,220 - $2,050 -
1982 $1,204 - $2,255 -
1981 $1,216 - $2,213 -
1980 $1,142 - $2,158 -
1979 $1,026 - $1,865 -
1978 $925 - $1,618 -
1977 $856 - $1,388 -
1976 $697 - $1,249 -
1975 $595 - $1,083 -
1974 $529 - $956 -
1973 $441 - $876 -
1972 $370 - $710 -
1971 $358 - $607 -
1970 $353 - $559 -
1969 $326 - $527 -
1968 $315 - $476 -
1967 $291.9 - - -
1966 $287.3 - - -
1965 $283 - - -
1964 $284.2 - - -
1963 $284.4 - - -
1962 $265.2 - - -
1961 $257.2 - - -
1960 $256.8 - - -

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

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

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Hungary ranks 48th at $48,552.

Economic indicators

Guatemala Hungary
Gross domestic product
$123B
2025
$246B
2025
GDP rank
67/197
2025
55/197
2025
GDP growth
4.28%
2024-2025
0.51%
2024-2025
GDP per capita
$6,598
2025
$25,907
2025
GDP per capita rank
108/197
2025
52/197
2025
GDP per capita, PPP
$14,369
2024
$48,552
2024
GDP per capita PPP rank
116/197
2024
48/197
2024
Government debt
$33.5B
2025
$185B
2025
Debt-to-GDP ratio
27.2%
2025
75.2%
2025
Government debt per person
$1,793
2025
$19,473
2025
Government debt per person rank
122/185
2025
33/185
2025
Average annual personal income after taxes
$4,432
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%
34.1%
2023
24.4%
2022
Income share by poorest 10%
1.6%
2023
2.8%
2022
Government expenditure, % of GDP
14.7%
2025
47.5%
2025
Consumer prices inflation
1.49%
2024-2025
4.41%
2024-2025
Central bank interest rate
4%
2025
6.25%
2026
Unemployment rate
1.9%
2024
4.4%
2025
Population
19115361
9454659

Spending and national debt comparison by year

Guatemala
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Guatemala Hungary
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 47.5% 75.2%
2024 13.4% 26.3% 46.9% 73.5%
2023 13.7% 27.2% 49.3% 73.2%
2022 14.3% 29% 48.9% 74.1%
2021 13.5% 30.6% 48.1% 76.2%
2020 15.6% 31.5% 51% 78.7%
2019 13.4% 26.4% 45.8% 65%
2018 13.2% 26.4% 45.9% 68.8%
2017 12.8% 25.1% 46.6% 72%
2016 12.6% 24.9% 46.7% 74.6%
2015 12.6% 24.8% 50.4% 75.7%
2014 13.6% 24.7% 50% 76.5%
2013 14% 25% 50.1% 77.2%
2012 14.2% 24.6% 49.2% 78.4%
2011 14.5% 23.8% 49.1% 80.5%
2010 14.5% 24% 48.9% 80.2%
2009 14.1% 22.8% 50.7% 78.2%
2008 13.3% 19.6% 48.8% 71.8%
2007 13.9% 20.8% 49.9% 65.6%
2006 14.2% 20.9% 51.4% 64.5%
2005 13.2% 20% 49.4% 60.6%
2004 12.9% 20.6% 48.8% 58.9%
2003 14.4% 19.8% 49.2% 58.2%
2002 13.1% 17.4% 51% 55.6%
2001 13.8% 19.1% 47.2% 52.2%
2000 13.6% 18% 47.3% 55.6%
1999 14.6% 22% 48.9% 60.3%
1998 13.2% 19% 50.7% 60.4%
1997 11.2% 18.5% 49.5% 62.2%
1996 9.85% 19.2% 50.9% 71.2%
1995 9.77% 21% 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 (1989–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 75.2% in Hungary, ranking 163/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Hungary
1x
Year Deficit/surplus, % of GDP
Guatemala Hungary
2025 -1.91% -4.68%
2024 -0.96% -4.9%
2023 -1.25% -6.77%
2022 -1.7% -6.19%
2021 -1.16% -7.11%
2020 -4.91% -7.49%
2019 -2.24% -2.02%
2018 -1.88% -2.05%
2017 -1.38% -2.45%
2016 -1.11% -1.79%
2015 -1.47% -2%
2014 -1.92% -2.77%
2013 -2.16% -2.6%
2012 -2.42% -2.33%
2011 -2.8% -5.22%
2010 -3.28% -4.44%
2009 -3.12% -4.76%
2008 -1.57% -3.78%
2007 -1.4% -5.09%
2006 -1.88% -9.27%
2005 -1.67% -7.79%
2004 -1.05% -6.6%
2003 -2.47% -7.19%
2002 -1.03% -8.79%
2001 -2% -4%
2000 -1.88% -3.04%
1999 -2.96% -5.27%
1998 -2.29% -7.41%
1997 -0.79% -5.54%
1996 0.04% -4.36%
1995 -0.53% -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/guatemala/hungary | CC BY

In 2025, Guatemala's government deficit, the difference between spending and revenue, was $2.36B, equivalent to 1.91% of GDP. This compares to Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of those years, while Hungary ran a deficit in 31 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Guatemala

Hungary
1x
Year Consumer prices inflation
Guatemala Hungary
2025 1.49% 4.41%
2024 2.87% 3.7%
2023 6.21% 17.1%
2022 6.89% 14.6%
2021 4.26% 5.11%
2020 3.21% 3.33%
2019 3.7% 3.34%
2018 3.75% 2.85%
2017 4.42% 2.35%
2016 4.45% 0.39%
2015 2.39% -0.06%
2014 3.42% -0.23%
2013 4.34% 1.73%
2012 3.78% 5.65%
2011 6.21% 3.93%
2010 3.86% 4.86%
2009 1.86% 4.21%
2008 11.4% 6.04%
2007 6.82% 7.96%
2006 6.56% 3.93%
2005 9.11% 3.56%
2004 7.58% 6.74%
2003 5.6% 4.66%
2002 8.13% 5.27%
2001 7.29% 9.12%
2000 5.98% 9.8%
1999 5.21% 10%
1998 6.61% 14.2%
1997 9.23% 18.3%

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

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

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 6.1% in Hungary. In 2025, inflation was 1.49% in Guatemala and 4.41% in Hungary.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $187K
Raw agricultural goods $18K
Machinery & equipment $8K
Textiles & consumer goods $3K
Hungary
Export category Export value
Machinery & equipment $4.48M
Chemicals & pharma $2.01M
Textiles & consumer goods $1.88M
Processed food, beverages & tobacco $1.41M
Raw agricultural goods $406K
Wood & paper products $106K
Metals $32K
Raw materials & minerals $22K
Animal & marine products $1K
Miscellaneous $1K

Balance of trade

Guatemala Hungary
Current account balance
$3.27B
2024
$4.08B
2025
Current account balance ranking
36/190
2024
34/190
2025
Current account balance, % of GDP
+2.89%
2024
+1.65%
2025
Goods imports
$29.1B
2024
$139B
2025
Goods exports
$13.3B
2024
$136B
2025
Service imports
$6.45B
2024
$29.8B
2025
Service exports
$4.65B
2024
$43.1B
2025
Imports of goods and services, % of GDP
31%
2025
68.1%
2025
Exports of goods and services, % of GDP
15.6%
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.

Guatemala Hungary
Economic freedom 63.5 62.5
Economic freedom ranking 79/197 86/197
Property rights 39.1 67.3
Government integrity 25.2 44
Judicial effectiveness 26.1 61.9
Tax burden 91.3 85.1
Government spending 94.3 30.2
Fiscal health 95.9 32.7
Business freedom 65.7 70.8
Labor freedom 52.5 56.5
Monetary freedom 77.3 72.1
Trade freedom 74.6 79.4
Investment freedom 70 80
Financial freedom 50 70

Economic freedom comparison by year

Guatemala
Hungary
1x
Year Economic freedom index
Guatemala Hungary
2026 63.5 62.5
2025 63.4 61.4
2024 62.4 61.2
2023 62.7 64.1
2022 63.2 66.9
2021 64 67.2
2020 64 66.4
2019 62.6 65
2018 63.4 66.7
2017 63 65.8
2016 61.8 66
2015 60.4 66.8
2014 61.2 67
2013 60 67.3
2012 60.9 67.1
2011 61.9 66.6
2010 61 66.1
2009 59.4 66.8
2008 59.8 67.6
2007 60.5 64.8
2006 59.1 65
2005 59.5 63.5
2004 59.6 62.7
2003 62.3 63
2002 62.3 64.5
2001 65.1 65.6
2000 64.3 64.4
1999 66.2 59.6
1998 65.8 56.9
1997 65.7 55.3
1996 63.7 56.8
1995 62 55.2

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, 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

Guatemala Hungary
Services, % of GDP
62.1%
2025
60.1%
2025
Industry, % of GDP
21.8%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
2.65%
2025
GNI, Atlas method
$119B
2025
$227B
2025
GNI per capita, PPP
$15,020
2025
$48,630
2025
Total reserves including gold
$32.8B
2025
$59.1B
2025
Total reserves ranking
57/177
2025
42/177
2025
Net foreign direct investment
-$983M
2024
$9.1B
2025
Net inflows of foreign direct investment
$1.85B
2024
-$61.3B
2024
Net outflows of foreign direct investment
$865M
2024
-$76.3B
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
n/a
Poverty at national poverty lines
56%
2023
12.1%
2021
Gross capital formation, % of GDP
16.8%
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/guatemala/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1999, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, 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.