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Economy of Guyana vs Hungary compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $223B for Hungary, ranking 120/197 and 55/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Guyana vs Hungary GDP by year

Guyana
Hungary
1x
Year GDP, current $
Guyana Hungary
2024 $24,662,709,832 $222,722,738,926
2023 $16,918,503,597 $213,240,316,635
2022 $14,718,388,489 $177,002,580,544
2021 $8,041,362,110 $183,282,685,440
2020 $5,471,256,595 $158,468,487,754
2019 $5,173,760,192 $164,936,682,034
2018 $4,787,636,998 $161,184,691,014
2017 $4,748,174,334 $143,335,098,992
2016 $4,482,697,337 $128,983,560,865
2015 $4,279,840,194 $125,244,126,623
2014 $4,127,660,152 $141,128,696,412
2013 $4,167,800,929 $135,646,053,779
2012 $4,063,088,536 $128,470,269,690
2011 $3,691,384,318 $141,712,804,954
2010 $3,432,912,517 $131,898,737,241
2009 $3,165,663,153 $130,807,441,076
2008 $3,025,187,433 $158,228,265,916
2007 $2,730,971,595 $140,123,326,896
2006 $2,379,817,991 $115,604,111,412
2005 $824,880,550 $113,098,237,571
2004 $787,814,379 $104,015,363,080
2003 $743,063,950 $85,190,469,121
2002 $726,131,435 $67,636,468,625
2001 $712,167,450 $53,800,068,066
2000 $712,667,897 $47,275,954,429
1999 $694,754,988 $49,160,204,397
1998 $717,530,683 $48,784,412,624
1997 $749,138,010 $47,398,564,799
1996 $705,406,001 $46,833,767,124
1995 $621,626,786 $46,577,614,589
1994 $540,874,934 $43,307,949,890
1993 $454,101,382 $40,256,233,360
1992 $373,573,141 $38,857,339,125
1991 $348,533,095 $34,867,307,353
1990 $396,582,263 $34,478,360,679
1989 $379,779,390 $30,422,508,938
1988 $413,799,990 $29,799,838,597
1987 $354,591,847 $27,232,016,527
1986 $504,651,140 $24,778,163,812
1985 $453,488,372 $21,510,643,750
1984 $437,631,605 $21,242,726,264
1983 $489,333,333 $21,910,365,258
1982 $482,000,000 $24,141,667,188
1981 $570,357,107 $23,705,883,892
1980 $603,200,000 $23,116,977,148
1979 $530,440,000 $19,959,731,325
1978 $507,080,000 $17,286,744,154
1977 $449,880,000 $14,783,674,055
1976 $454,440,000 $13,235,612,079
1975 $494,791,667 $11,420,392,515
1974 $433,954,545 $10,016,338,179
1973 $307,047,619 $9,138,292,402
1972 $285,380,952 $7,379,313,742
1971 $282,050,000 $6,291,568,221
1970 $267,800,000 $5,780,929,203
1969 $249,300,000 $5,429,812,387
1968 $229,750,000 $4,886,222,555
1967 $250,176,471 -
1966 $228,705,882 -
1965 $213,235,294 -
1964 $194,774,513 -
1963 $175,757,894 -
1962 $194,949,513 -
1961 $185,849,535 -
1960 $170,216,241 -

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

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

GDP per capita in Guyana vs Hungary by year

Guyana
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $23,292 $48,552
2023 $20,474 $54,729 $22,231 $46,592
2022 $17,913 $39,711 $18,428 $44,366
2021 $9,861 $22,866 $19,031 $38,887
2020 $6,776 $16,819 $16,387 $35,584
2019 $6,406 $13,241 $17,013 $35,627
2018 $6,048 $12,443 $16,605 $32,258
2017 $6,179 $12,243 $14,736 $29,728
2016 $5,871 $11,516 $13,216 $28,179
2015 $5,640 $11,408 $12,783 $26,938
2014 $5,473 $11,145 $14,353 $25,796
2013 $5,557 $11,200 $13,739 $24,592
2012 $5,444 $10,627 $12,950 $23,205
2011 $4,947 $10,066 $14,211 $22,992
2010 $4,582 $9,337 $13,190 $21,691
2009 $4,209 $8,824 $13,051 $20,691
2008 $4,009 $8,437 $15,763 $20,709
2007 $3,608 $8,110 $13,935 $19,089
2006 $3,136 $7,346 $11,478 $18,362
2005 $1,084 $6,761 $11,212 $17,091
2004 $1,033 $6,673 $10,291 $16,251
2003 $974 $6,392 $8,410 $15,460
2002 $951 $6,304 $6,658 $14,532
2001 $932 $6,131 $5,281 $13,223
2000 $932 $5,860 $4,630 $11,872
1999 $909 $5,812 $4,802 $10,892
1998 $940 $5,573 $4,752 $10,415
1997 $983 $5,615 $4,606 $9,846
1996 $928 $5,210 $4,542 $9,388
1995 $820 $4,753 $4,509 $9,222
1994 $716 $4,447 $4,187 $8,888
1993 $603 $4,027 $3,887 $8,441
1992 $498 $3,651 $3,747 $8,284
1991 $466 $3,322 $3,361 $8,352
1990 $529 $3,022 $3,324 $9,169
1989 $503 - $2,902 -
1988 $545 - $2,812 -
1987 $464 - $2,566 -
1986 $657 - $2,331 -
1985 $588 - $2,020 -
1984 $565 - $1,991 -
1983 $631 - $2,050 -
1982 $621 - $2,255 -
1981 $735 - $2,213 -
1980 $779 - $2,158 -
1979 $689 - $1,865 -
1978 $663 - $1,618 -
1977 $593 - $1,388 -
1976 $604 - $1,249 -
1975 $664 - $1,083 -
1974 $588 - $956 -
1973 $421 - $876 -
1972 $395 - $710 -
1971 $396 - $607 -
1970 $381 - $559 -
1969 $361 - $527 -
1968 $340 - $476 -
1967 $378 - - -
1966 $353 - - -
1965 $336 - - -
1964 $313 - - -
1963 $288.8 - - -
1962 $327 - - -
1961 $319 - - -
1960 $299.1 - - -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Hungary ranks 48th at $48,552.

Economic indicators

Guyana Hungary
Gross domestic product
$24.7B
2024
$223B
2024
GDP rank
120/197
2024
55/197
2024
GDP growth
43.8%
2023-2024
0.56%
2023-2024
GDP per capita
$29,675
2024
$23,292
2024
GDP per capita rank
41/197
2024
55/197
2024
GDP per capita, PPP
$80,155
2024
$48,552
2024
GDP per capita PPP rank
15/197
2024
48/197
2024
Government debt
$5.99B
2024
$164B
2024
Debt-to-GDP ratio
24.3%
2024
73.5%
2024
Government debt per person
$7,213
2024
$17,109
2024
Government debt per person rank
66/185
2024
37/185
2024
Average annual personal income after taxes
$13,212
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%
34.4%
1998
24.4%
2022
Income share by poorest 10%
1.1%
1998
2.8%
2022
Government expenditure, % of GDP
23.2%
2024
46.9%
2024
Consumer prices inflation
2.5%
2023-2024
3.7%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
13.2%
2019
4.47%
2024
Population
842249
9475525

Spending and national debt comparison by year

Guyana
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Guyana Hungary
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 46.9% 73.5%
2023 23.7% 26.7% 49.2% 73%
2022 20.3% 24.8% 48.7% 73.9%
2021 24.8% 45.7% 48.1% 76.2%
2020 30.5% 59.5% 51% 78.7%
2019 28.1% 54% 45.8% 65%
2018 27.6% 47.9% 45.9% 68.8%
2017 26.3% 46.1% 46.6% 72%
2016 25.2% 44% 46.7% 74.6%
2015 21.7% 42.2% 50.4% 75.7%
2014 23.1% 38.7% 50% 76.5%
2013 21.4% 41.4% 50.1% 77.2%
2012 21.8% 44.7% 49.2% 78.4%
2011 23.5% 51.7% 49.1% 80.5%
2010 23.9% 53.1% 48.9% 80.2%
2009 25.4% 52.3% 50.7% 78.2%
2008 24.1% 48.2% 48.8% 71.8%
2007 25.5% 47.7% 49.9% 65.6%
2006 29% 74.5% 51.4% 64.5%
2005 28.4% 90.7% 49.4% 60.6%
2004 23.7% 91.8% 48.8% 58.9%
2003 23.5% 95.6% 49.2% 58.2%
2002 23.1% 105.1% 51% 55.6%
2001 24% 104.6% 47.2% 52.2%
2000 22.9% 97.2% 47.3% 55.6%
1999 17.6% 97.1% 48.9% 60.3%
1998 19.7% 108% 50.7% 60.4%
1997 20.9% 101.3% 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/guyana/hungary | CC BY

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 73.5% in Hungary, ranking 168/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Hungary
1x
Year Deficit/surplus, % of GDP
Guyana Hungary
2024 -7.31% -4.92%
2023 -5.78% -6.75%
2022 -5.11% -6.17%
2021 -6.94% -7.11%
2020 -7.78% -7.49%
2019 -2.52% -2.02%
2018 -2.52% -2.05%
2017 -3.14% -2.45%
2016 -3.21% -1.79%
2015 -0.75% -2%
2014 -3.88% -2.77%
2013 -2.16% -2.6%
2012 -3.11% -2.33%
2011 -2.13% -5.22%
2010 -1.88% -4.44%
2009 -2.5% -4.76%
2008 -2.78% -3.78%
2007 -3.35% -5.09%
2006 -6.16% -9.27%
2005 -6.54% -7.79%
2004 -2.88% -6.6%
2003 -4.81% -7.19%
2002 -2.42% -8.79%
2001 -3.71% -4%
2000 -2.27% -3.04%
1999 -0.47% -5.27%
1998 -2.67% -7.41%
1997 -1.7% -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/guyana/hungary | CC BY

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Hungary ran a deficit in 28 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 4.95% of GDP for Hungary.

Inflation comparison by year

Inflation
Guyana

Hungary
1x
Year Consumer prices inflation
Guyana Hungary
2024 2.5% 3.7%
2023 4.5% 17.1%
2022 6.5% 14.6%
2021 3.3% 5.11%
2020 1.2% 3.33%
2019 2.1% 3.34%
2018 1.3% 2.85%
2017 1.9% 2.35%
2016 0.8% 0.39%
2015 -0.9% -0.06%
2014 0.7% -0.23%
2013 1.9% 1.73%
2012 2.4% 5.65%
2011 4.4% 3.93%
2010 4.3% 4.86%
2009 3% 4.21%
2008 8.1% 6.04%
2007 12.2% 7.96%
2006 6.7% 3.93%
2005 6.9% 3.56%
2004 4.7% 6.74%
2003 6% 4.66%
2002 5.4% 5.27%
2001 2.6% 9.12%
2000 6.1% 9.8%
1999 7.5% 10%
1998 4.6% 14.2%
1997 3.6% 18.3%

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

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 6.16% in Hungary. In 2024, inflation was 2.5% in Guyana and 3.7% in Hungary.

Top exports between countries

Guyana
Export category Export value
Raw agricultural goods $73K
Machinery & equipment $10K
Hungary
Export category Export value
Raw materials & minerals $986K
Chemicals & pharma $281K
Textiles & consumer goods $223K
Processed food, beverages & tobacco $141K
Machinery & equipment $34K
Animal & marine products $14K

Balance of trade

Guyana Hungary
Current account balance
$2.35B
2023
$3.52B
2024
Current account balance ranking
43/190
2023
36/190
2024
Current account balance, % of GDP
+13.9%
2023
+1.58%
2024
Goods imports
$6B
2023
$130B
2024
Goods exports
$13.2B
2023
$129B
2024
Service imports
$4.95B
2023
$27.9B
2024
Service exports
$529M
2023
$38.9B
2024
Imports of goods and services, % of GDP
109.7%
2005
71.1%
2024
Exports of goods and services, % of GDP
84.6%
2005
75.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Guyana Hungary
Economic freedom 58.7 62.5
Economic freedom ranking 109/197 86/197
Property rights 46.7 67.3
Government integrity 38.8 44
Judicial effectiveness 48.6 61.9
Tax burden 76.4 85.1
Government spending 85 30.2
Fiscal health 39.9 32.7
Business freedom 70.9 70.8
Labor freedom 76 56.5
Monetary freedom 78.5 72.1
Trade freedom 59.2 79.4
Investment freedom 55 80
Financial freedom 30 70

Economic freedom comparison by year

Guyana
Hungary
1x
Year Economic freedom index
Guyana Hungary
2026 58.7 62.5
2025 58.2 61.4
2024 57.3 61.2
2023 56.9 64.1
2022 59.5 66.9
2021 57.4 67.2
2020 56.2 66.4
2019 56.8 65
2018 58.7 66.7
2017 58.5 65.8
2016 55.4 66
2015 55.5 66.8
2014 55.7 67
2013 53.8 67.3
2012 51.3 67.1
2011 49.4 66.6
2010 48.4 66.1
2009 48.4 66.8
2008 48.8 67.6
2007 53.7 64.8
2006 56.6 65
2005 56.5 63.5
2004 53 62.7
2003 50.3 63
2002 54.3 64.5
2001 53.3 65.6
2000 52.4 64.4
1999 53.3 59.6
1998 52.7 56.9
1997 53.2 55.3
1996 50.1 56.8
1995 45.7 55.2

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, 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

Guyana Hungary
Services, % of GDP
14.5%
2024
59.5%
2024
Industry, % of GDP
76%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
2.71%
2024
GNI, Atlas method
$16.7B
2024
$199B
2024
GNI per capita, PPP
$52,290
2024
$47,290
2024
Total reserves including gold
$1.01B
2024
$46.4B
2024
Total reserves ranking
141/177
2024
42/177
2024
Net foreign direct investment
$1.14B
2023
-$15.8B
2024
Net inflows of foreign direct investment
$8.63B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$5.7M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
12.1%
2021
Gross capital formation, % of GDP
32.3%
2005
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/guyana/hungary | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.