Hungary vs Iceland: Economic Indicators Comparison

Hungary with a GDP of $157.9B ranked the 57th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Hungary and Iceland ranked 58th vs 47th and 57th vs 8th, respectively.

Gross Domestic Product & Income

StatHungaryIceland
GDP$157.9B$25.9B
GDP growth, 1 year4.9%4.6%
GDP growth, 5-years average3.8%4.5%
Population9.9M357k
GDP per capita$16k$73k
GDP per capita growth5.3%1.6%
Purchasing Power Parity conversion factor140.41138.33
Price level ratio of PPP conversion factor GDP to market exchange rate0.521.28
GDP per capita, PPP adjusted$32k$56k
GNI, Atlas method$144.3B$24B
GNI per capita$15k$68k
GNI, PPP adjusted$291.7B$19.5B
GNI per capita, PPP adjusted$30k$55k

Financial system and Human development

StatHungaryIceland
Income Tax Rate15%31.8%
Corporate Tax Rate19%20%
Inflation, consumer prices2.8%2.7%
Inflation, GDP deflator4.5%2.4%
Unemployment3.7%2.9%
Economic Freedom Index66.477.1
Personal Freedom Index8.899.27
Human Freedom Index8.118.22
Property Rights Index64.887.6
Judical Effectiveness Index45.763.2
Business Freedom Index60.284.7
Fiscal Health Index83.697.5
Labor Freedom Index64.663.5
Investment Freedom Index8085
Financial Freedom Index7070
Trade Freedom Index86.486.8
Monetary Freedom Index79.980.3
Government Spending Index34.544.1
Tax Burden Index79.971.7
Government Integrity Index47.590.3
Corruption Perceptions Index4676
Life expectancy at birth, years76.182.2
Suicide mortality rate, per 100,000 people19.114
Mortality caused by road traffic injury, per 100,000 people7.86.6
Intentional homicides, per 100,000 people2.50.9
International tourism, number of arrivals17.6M2.3M

Government debt & reserves

StatHungaryIceland
Central government debt, % of GDP69.4%35.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI13.2%16.6%
Gross savings, % of GDP26.6%21.2%
Gross capital formation, % of GDP27.2%22.6%
Total reserves including gold$31.4B$6.3B
Foreign direct investment net inflows-$65.5B-$434.6M

Exports, imports and economic structure

StatHungaryIceland
Exports of goods and services, % of GDP84.9%47.2%
Imports of goods and services, % of GDP80.6%44.1%
Current account balance (balance of payments)-$677.9M$731.3M
Revenue excluding grants, % of GDP39.4%31%
Grants excluding technical cooperation, BoP$253.3MN/A
Personal remittances received$4.2B$168.9M
Industry including construction value added, % of GDP25.4%19.6%
Agriculture, forestry and fishing value added, % of GDP3.6%4.6%
Charges for the use of intellectual property, payments BoP$1.5B$143.4M
Charges for the use of intellectual property, receipts BoP$1.8B$241.7M
Expense, % of GDP41.6%30.8%
Government Expenditure, % of GDP46.7%43.2%

Compare with countries close by GDP per capita

Hungary vs

CountryGDP
per capita
Population
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k