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Economy of Hungary vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $87.1B for Ivory Coast, ranking 55/197 and 77/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Hungary vs Ivory Coast GDP by year

Hungary
Ivory Coast
1x
Year GDP, current $
Hungary Ivory Coast
2024 $222,722,738,926 $87,113,179,149
2023 $213,240,316,635 $80,780,312,569
2022 $177,002,580,544 $70,922,824,814
2021 $183,282,685,440 $72,794,636,654
2020 $158,468,487,754 $63,027,852,805
2019 $164,936,682,034 $60,382,894,697
2018 $161,184,691,014 $58,522,477,787
2017 $143,335,098,992 $52,512,343,997
2016 $128,983,560,865 $48,407,761,037
2015 $125,244,126,623 $45,815,005,169
2014 $141,128,696,412 $48,843,005,614
2013 $135,646,053,779 $42,760,235,485
2012 $128,470,269,690 $36,302,302,877
2011 $141,712,804,954 $36,693,710,801
2010 $131,898,737,241 $34,936,307,980
2009 $130,807,441,076 $33,886,813,250
2008 $158,228,265,916 $34,078,240,293
2007 $140,123,326,896 $28,760,090,953
2006 $115,604,111,412 $25,281,413,263
2005 $113,098,237,571 $24,036,918,703
2004 $104,015,363,080 $23,510,575,681
2003 $85,190,469,121 $21,251,754,340
2002 $67,636,468,625 $18,054,383,321
2001 $53,800,068,066 $16,810,537,044
2000 $47,275,954,429 $16,577,533,892
1999 $49,160,204,397 $18,870,992,456
1998 $48,784,412,624 $19,619,654,756
1997 $47,398,564,799 $18,047,558,038
1996 $46,833,767,124 $18,071,152,831
1995 $46,577,614,589 $11,000,146,267
1994 $43,307,949,890 $8,313,557,510
1993 $40,256,233,360 $11,045,760,288
1992 $38,857,339,125 $11,152,971,274
1991 $34,867,307,353 $10,492,628,581
1990 $34,478,360,679 $10,795,850,583
1989 $30,422,508,938 $9,757,410,645
1988 $29,799,838,597 $10,255,169,806
1987 $27,232,016,527 $10,087,654,465
1986 $24,778,163,812 $9,158,302,100
1985 $21,510,643,750 $6,977,650,644
1984 $21,242,726,264 $6,841,639,247
1983 $21,910,365,258 $6,838,184,773
1982 $24,141,667,188 $7,567,110,849
1981 $23,705,883,892 $8,432,589,942
1980 $23,116,977,148 $10,175,617,609
1979 $19,959,731,325 $9,142,933,967
1978 $17,286,744,154 $7,900,526,298
1977 $14,783,674,055 $6,265,068,189
1976 $13,235,612,079 $4,662,053,825
1975 $11,420,392,515 $3,893,839,190
1974 $10,016,338,179 $3,070,152,309
1973 $9,138,292,402 $2,508,421,426
1972 $7,379,313,742 $1,849,400,402
1971 $6,291,568,221 $1,584,128,509
1970 $5,780,929,203 $1,455,482,795
1969 $5,429,812,387 $1,361,360,293
1968 $4,886,222,555 $1,281,281,277
1967 - $1,082,922,725
1966 - $1,024,102,880
1965 - $919,771,229
1964 - $921,063,327
1963 - $761,047,198
1962 - $645,284,474
1961 - $618,245,634
1960 - $546,203,559

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

GeoRank.org/economy/hungary/ivory-coast | CC BY

GDP per capita in Hungary vs Ivory Coast by year

Hungary
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 $2,728 $7,669
2023 $22,231 $46,592 $2,592 $7,237
2022 $18,428 $44,366 $2,333 $6,719
2021 $19,031 $38,887 $2,456 $6,045
2020 $16,387 $35,584 $2,180 $5,544
2019 $17,013 $35,627 $2,142 $5,516
2018 $16,605 $32,258 $2,131 $4,946
2017 $14,736 $29,728 $1,964 $4,690
2016 $13,216 $28,179 $1,863 $4,531
2015 $12,783 $26,938 $1,815 $4,404
2014 $14,353 $25,796 $1,991 $4,074
2013 $13,739 $24,592 $1,786 $3,619
2012 $12,950 $23,205 $1,547 $3,291
2011 $14,211 $22,992 $1,597 $3,176
2010 $13,190 $21,691 $1,554 $3,361
2009 $13,051 $20,691 $1,540 $3,177
2008 $15,763 $20,709 $1,584 $3,116
2007 $13,935 $19,089 $1,368 $2,985
2006 $11,478 $18,362 $1,230 $2,942
2005 $11,212 $17,091 $1,198 $2,842
2004 $10,291 $16,251 $1,200 $2,794
2003 $8,410 $15,460 $1,111 $2,702
2002 $6,658 $14,532 $968 $2,851
2001 $5,281 $13,223 $925 $2,962
2000 $4,630 $11,872 $937 $3,041
1999 $4,802 $10,892 $1,096 $3,065
1998 $4,752 $10,415 $1,177 $3,086
1997 $4,606 $9,846 $1,125 $3,040
1996 $4,542 $9,388 $1,170 $2,832
1995 $4,509 $9,222 $740 $2,683
1994 $4,187 $8,888 $582 $2,551
1993 $3,887 $8,441 $804 $2,577
1992 $3,747 $8,284 $845 $2,625
1991 $3,361 $8,352 $827 $2,677
1990 $3,324 $9,169 $886 $2,693
1989 $2,902 - $833 -
1988 $2,812 - $910 -
1987 $2,566 - $930 -
1986 $2,331 - $877 -
1985 $2,020 - $695 -
1984 $1,991 - $709 -
1983 $2,050 - $737 -
1982 $2,255 - $849 -
1981 $2,213 - $986 -
1980 $2,158 - $1,238 -
1979 $1,865 - $1,157 -
1978 $1,618 - $1,039 -
1977 $1,388 - $856 -
1976 $1,249 - $661 -
1975 $1,083 - $575 -
1974 $956 - $474 -
1973 $876 - $406 -
1972 $710 - $313 -
1971 $607 - $280.3 -
1970 $559 - $269 -
1969 $527 - $262.2 -
1968 $476 - $256.8 -
1967 - - $225.6 -
1966 - - $221.8 -
1965 - - $207 -
1964 - - $215.5 -
1963 - - $185.1 -
1962 - - $163.1 -
1961 - - $162.3 -
1960 - - $148.7 -

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

GeoRank.org/economy/hungary/ivory-coast | CC BY

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Hungary Ivory Coast
Gross domestic product
$223B
2024
$87.1B
2024
GDP rank
55/197
2024
77/197
2024
GDP growth
0.56%
2023-2024
6.02%
2023-2024
GDP per capita
$23,292
2024
$2,728
2024
GDP per capita rank
55/197
2024
142/197
2024
GDP per capita, PPP
$48,552
2024
$7,669
2024
GDP per capita PPP rank
48/197
2024
145/197
2024
Government debt
$164B
2024
$51.6B
2024
Debt-to-GDP ratio
73.5%
2024
59.3%
2024
Government debt per person
$17,109
2024
$1,616
2024
Government debt per person rank
37/185
2024
125/185
2024
Average annual personal income after taxes
$16,996
2026
$2,733
2026
Market capitalization of domestic companies
$41.5B
2024
$7.33B
2020
Number of millionaires
24,692
2025
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
27.8%
2021
Income share by poorest 10%
2.8%
2022
3.1%
2021
Government expenditure, % of GDP
46.9%
2024
20.4%
2024
Consumer prices inflation
3.7%
2023-2024
3.45%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
4.47%
2024
2.31%
2022
Population
9475525
33722528

Spending and national debt comparison by year

Hungary
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Hungary Ivory Coast
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 20.4% 59.3%
2023 49.2% 73% 21.3% 57.5%
2022 48.7% 73.9% 21.9% 56%
2021 48.1% 76.2% 20.5% 50.2%
2020 51% 78.7% 20.4% 46.3%
2019 45.8% 65% 17.2% 37.2%
2018 45.9% 68.8% 17.6% 35.3%
2017 46.6% 72% 18.1% 32.6%
2016 46.7% 74.6% 17.6% 31.1%
2015 50.4% 75.7% 16.5% 29.2%
2014 50% 76.5% 15.2% 26.7%
2013 50.1% 77.2% 15.9% 24.6%
2012 49.2% 78.4% 16.1% 24.7%
2011 49.1% 80.5% 13.2% 50%
2010 48.9% 80.2% 14.5% 45.6%
2009 50.7% 78.2% 14.4% 46.5%
2008 48.8% 71.8% 14.6% 51.2%
2007 49.9% 65.6% 14.8% 53.5%
2006 51.4% 64.5% 14.5% 57.5%
2005 49.4% 60.6% 13.6% 58.2%
2004 48.8% 58.9% 13.5% 56.7%
2003 49.2% 58.2% 12.7% 56.4%
2002 51% 55.6% 13.1% 63%
2001 47.2% 52.2% 11.4% 71.2%
2000 47.3% 55.6% 12.9% 74%
1999 48.9% 60.3% 13.7% 78%
1998 50.7% 60.4% 14.6% 75.2%
1997 49.5% 62.2% 15.2% 84.2%
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/hungary/ivory-coast | CC BY

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 59.3% in Ivory Coast, ranking 49/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Hungary Ivory Coast
2024 -4.92% -3.97%
2023 -6.75% -5.19%
2022 -6.17% -6.74%
2021 -7.11% -4.86%
2020 -7.49% -5.42%
2019 -2.02% -2.22%
2018 -2.05% -2.9%
2017 -2.45% -3.27%
2016 -1.79% -2.98%
2015 -2% -2.04%
2014 -2.77% -1.57%
2013 -2.6% -1.62%
2012 -2.33% -2.28%
2011 -5.22% -2.89%
2010 -4.44% -1.34%
2009 -4.76% -1%
2008 -3.78% -0.21%
2007 -5.09% -0.39%
2006 -9.27% -1.03%
2005 -7.79% -1.03%
2004 -6.6% -1.04%
2003 -7.19% -1.26%
2002 -8.79% -0.64%
2001 -4% 0.7%
2000 -3.04% -0.83%
1999 -5.27% -1.27%
1998 -7.41% -0.7%
1997 -5.54% -0.75%
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/hungary/ivory-coast | CC BY

In 2024, Hungary's government deficit, the difference between spending and revenue, was $10.9B, equivalent to 4.92% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Hungary recorded a fiscal deficit in 28 of those years, while Ivory Coast ran a deficit in 27 years. On average, Hungary posted an annual deficit equal to 4.95% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Hungary

Ivory Coast
1x
Year Consumer prices inflation
Hungary Ivory Coast
2024 3.7% 3.45%
2023 17.1% 4.37%
2022 14.6% 5.23%
2021 5.11% 4.16%
2020 3.33% 2.41%
2019 3.34% 0.79%
2018 2.85% 0.4%
2017 2.35% 0.69%
2016 0.39% 0.72%
2015 -0.06% 1.25%
2014 -0.23% 0.45%
2013 1.73% 2.58%
2012 5.65% 1.3%
2011 3.93% 4.91%
2010 4.86% 1.23%
2009 4.21% 1.02%
2008 6.04% 6.31%
2007 7.96% 1.89%
2006 3.93% 2.47%
2005 3.56% 3.89%
2004 6.74% 1.46%
2003 4.66% 3.3%
2002 5.27% 3.08%
2001 9.12% 4.36%
2000 9.8% 2.53%
1999 10% 0.7%
1998 14.2% 4.61%
1997 18.3% 4.02%

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

GeoRank.org/economy/hungary/ivory-coast | CC BY

Over the past 28 years, Hungary has recorded an average annual inflation rate of 6.16%, compared with 2.63% in Ivory Coast. In 2024, inflation was 3.7% in Hungary and 3.45% in Ivory Coast.

Top exports between countries

Hungary
Export category Export value
Wood & paper products $14.2M
Machinery & equipment $3.96M
Textiles & consumer goods $1.66M
Animal & marine products $1.12M
Chemicals & pharma $853K
Raw materials & minerals $750K
Metals $389K
Processed food, beverages & tobacco $139K
Raw agricultural goods $113K
Miscellaneous $7K
Ivory Coast
Export category Export value
Raw materials & minerals $46.2M
Machinery & equipment $223K
Metals $148K
Textiles & consumer goods $12K
Wood & paper products $1K

Balance of trade

Hungary Ivory Coast
Current account balance
$3.52B
2024
-$9.21B
2023
Current account balance ranking
36/190
2024
175/190
2023
Current account balance, % of GDP
+1.58%
2024
-11.4%
2023
Goods imports
$130B
2024
$15.4B
2023
Goods exports
$129B
2024
$17.1B
2023
Service imports
$27.9B
2024
$8.78B
2023
Service exports
$38.9B
2024
$1.5B
2023
Imports of goods and services, % of GDP
71.1%
2024
25.2%
2024
Exports of goods and services, % of GDP
75.4%
2024
26%
2024

Economic freedom indices

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

Hungary Ivory Coast
Economic freedom 62.5 58.1
Economic freedom ranking 86/197 111/197
Property rights 67.3 43.9
Government integrity 44 39.3
Judicial effectiveness 61.9 30.2
Tax burden 85.1 81.6
Government spending 30.2 86.6
Fiscal health 32.7 48
Business freedom 70.8 68.3
Labor freedom 56.5 57.1
Monetary freedom 72.1 67.6
Trade freedom 79.4 74.4
Investment freedom 80 50
Financial freedom 70 50

Economic freedom comparison by year

Hungary
Ivory Coast
1x
Year Economic freedom index
Hungary Ivory Coast
2026 62.5 58.1
2025 61.4 57.8
2024 61.2 58.4
2023 64.1 60.4
2022 66.9 61.6
2021 67.2 61.7
2020 66.4 59.7
2019 65 62.4
2018 66.7 62
2017 65.8 63
2016 66 60
2015 66.8 58.5
2014 67 57.7
2013 67.3 54.1
2012 67.1 54.3
2011 66.6 55.4
2010 66.1 54.1
2009 66.8 55
2008 67.6 53.9
2007 64.8 54.9
2006 65 56.2
2005 63.5 56.6
2004 62.7 57.8
2003 63 56.7
2002 64.5 57.3
2001 65.6 54.8
2000 64.4 50.2
1999 59.6 51.7
1998 56.9 51.3
1997 55.3 50.5
1996 56.8 49.9
1995 55.2 53.4

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

GeoRank.org/economy/hungary/ivory-coast | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Ivory Coast
Services, % of GDP
59.5%
2024
51.9%
2024
Industry, % of GDP
23.7%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
15.9%
2024
GNI, Atlas method
$199B
2024
$80.9B
2024
GNI per capita, PPP
$47,290
2024
$7,360
2024
Total reserves including gold
$46.4B
2024
n/a
Total reserves ranking
42/177
2024
n/a
Net foreign direct investment
-$15.8B
2024
-$2B
2023
Net inflows of foreign direct investment
-$62.2B
2024
$3.12B
2024
Net outflows of foreign direct investment
-$78B
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
12.1%
2021
37.5%
2021
Gross capital formation, % of GDP
23.5%
2024
20.9%
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/hungary/ivory-coast | 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 (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 (2021–2024, 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.