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Economy of Hungary vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $306B for Kazakhstan, ranking 55/197 and 49/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Hungary vs Kazakhstan GDP by year

Hungary
Kazakhstan
1x
Year GDP, current $
Hungary Kazakhstan
2025 $246,490,213,513 $306,239,209,650
2024 $222,848,211,034 $291,480,274,649
2023 $213,029,511,029 $261,840,101,060
2022 $177,002,580,544 $225,496,328,925
2021 $183,282,685,440 $197,112,255,361
2020 $158,468,487,754 $171,082,365,861
2019 $164,936,682,034 $181,667,184,855
2018 $161,184,691,014 $179,339,977,690
2017 $143,335,098,992 $166,805,788,827
2016 $128,983,560,865 $137,278,320,084
2015 $125,244,126,623 $184,388,404,706
2014 $141,128,696,412 $221,415,613,595
2013 $135,646,053,779 $236,634,603,409
2012 $128,470,269,690 $207,998,568,866
2011 $141,712,804,954 $192,626,464,617
2010 $131,898,737,241 $148,047,348,241
2009 $130,807,441,076 $115,308,686,941
2008 $158,228,265,916 $133,441,648,852
2007 $140,123,326,896 $104,849,915,058
2006 $115,604,111,412 $81,003,864,630
2005 $113,098,237,571 $57,123,671,734
2004 $104,015,363,080 $43,151,647,003
2003 $85,190,469,121 $30,833,692,900
2002 $67,636,468,625 $24,636,598,527
2001 $53,800,068,066 $22,152,689,180
2000 $47,275,954,429 $18,291,990,662
1999 $49,160,204,397 $16,870,817,182
1998 $48,784,412,624 $22,135,245,507
1997 $47,398,564,799 $22,165,932,063
1996 $46,833,767,124 $21,035,357,937
1995 $46,577,614,589 $20,374,302,652
1994 $43,307,949,890 $21,250,792,886
1993 $40,256,233,360 $23,409,260,880
1992 $38,857,339,125 $24,917,355,372
1991 $34,867,307,353 $24,923,076,923
1990 $34,478,360,679 $26,932,016,270
1989 $30,422,508,938 -
1988 $29,799,838,597 -
1987 $27,232,016,527 -
1986 $24,778,163,812 -
1985 $21,510,643,750 -
1984 $21,242,726,264 -
1983 $21,910,365,258 -
1982 $24,141,667,188 -
1981 $23,705,883,892 -
1980 $23,116,977,148 -
1979 $19,959,731,325 -
1978 $17,286,744,154 -
1977 $14,783,674,055 -
1976 $13,235,612,079 -
1975 $11,420,392,515 -
1974 $10,016,338,179 -
1973 $9,138,292,402 -
1972 $7,379,313,742 -
1971 $6,291,568,221 -
1970 $5,780,929,203 -
1969 $5,429,812,387 -
1968 $4,886,222,555 -

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

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

GDP per capita in Hungary vs Kazakhstan by year

Hungary
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $14,692 -
2024 $23,305 $48,552 $14,155 $40,891
2023 $22,209 $46,592 $12,879 $38,515
2022 $18,428 $44,366 $11,255 $35,895
2021 $19,031 $38,887 $9,984 $32,946
2020 $16,387 $35,584 $8,782 $29,040
2019 $17,013 $35,627 $9,457 $28,689
2018 $16,605 $32,258 $9,472 $25,096
2017 $14,736 $29,728 $8,943 $23,973
2016 $13,216 $28,179 $7,476 $23,023
2015 $12,783 $26,938 $10,196 $22,484
2014 $14,353 $25,796 $12,428 $23,958
2013 $13,739 $24,592 $13,478 $23,754
2012 $12,950 $23,205 $12,019 $21,367
2011 $14,211 $22,992 $11,287 $20,160
2010 $13,190 $21,691 $8,793 $18,642
2009 $13,051 $20,691 $6,938 $17,389
2008 $15,763 $20,709 $8,124 $17,278
2007 $13,935 $19,089 $6,449 $16,581
2006 $11,478 $18,362 $5,030 $14,966
2005 $11,212 $17,091 $3,577 $13,226
2004 $10,291 $16,251 $2,722 $11,777
2003 $8,410 $15,460 $1,958 $10,532
2002 $6,658 $14,532 $1,574 $9,504
2001 $5,281 $13,223 $1,422 $8,568
2000 $4,630 $11,872 $1,180 $7,418
1999 $4,802 $10,892 $1,092 $6,626
1998 $4,752 $10,415 $1,415 $6,284
1997 $4,606 $9,846 $1,382 $6,178
1996 $4,542 $9,388 $1,281 $5,836
1995 $4,509 $9,222 $1,218 $5,595
1994 $4,187 $8,888 $1,247 $5,860
1993 $3,887 $8,441 $1,355 $6,477
1992 $3,747 $8,284 $1,438 $6,945
1991 $3,361 $8,352 $1,442 $7,193
1990 $3,324 $9,169 $1,570 $7,874
1989 $2,902 - - -
1988 $2,812 - - -
1987 $2,566 - - -
1986 $2,331 - - -
1985 $2,020 - - -
1984 $1,991 - - -
1983 $2,050 - - -
1982 $2,255 - - -
1981 $2,213 - - -
1980 $2,158 - - -
1979 $1,865 - - -
1978 $1,618 - - -
1977 $1,388 - - -
1976 $1,249 - - -
1975 $1,083 - - -
1974 $956 - - -
1973 $876 - - -
1972 $710 - - -
1971 $607 - - -
1970 $559 - - -
1969 $527 - - -
1968 $476 - - -

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Hungary Kazakhstan
Gross domestic product
$246B
2025
$306B
2025
GDP rank
55/197
2025
49/197
2025
GDP growth
0.51%
2024-2025
6.5%
2024-2025
GDP per capita
$25,907
2025
$14,692
2025
GDP per capita rank
52/197
2025
73/197
2025
GDP per capita, PPP
$48,552
2024
$40,891
2024
GDP per capita PPP rank
48/197
2024
58/197
2024
Government debt
$185B
2025
$75.2B
2025
Debt-to-GDP ratio
75.2%
2025
24.6%
2025
Government debt per person
$19,473
2025
$3,609
2025
Government debt per person rank
33/185
2025
96/185
2025
Average annual personal income after taxes
$18,331
2026
$8,395
2026
Market capitalization of domestic companies
$62.6B
2025
$158B
2025
Number of millionaires
27,000
2026
44,307
2024
Number of billionaires
4
2026
6
2026
Income share by richest 10%
24.4%
2022
24.8%
2021
Income share by poorest 10%
2.8%
2022
4.3%
2021
Government expenditure, % of GDP
47.5%
2025
21.8%
2025
Consumer prices inflation
4.41%
2024-2025
11.4%
2024-2025
Central bank interest rate
6.25%
2026
17%
2026
Unemployment rate
4.4%
2025
4.9%
2022
Population
9454659
21211812

Spending and national debt comparison by year

Hungary
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Hungary Kazakhstan
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 21.8% 24.6%
2024 46.9% 73.5% 22.7% 24.4%
2023 49.3% 73.2% 23.4% 23%
2022 48.9% 74.1% 21.7% 23.5%
2021 48.1% 76.2% 22.1% 25.1%
2020 51% 78.7% 24.5% 26.4%
2019 45.8% 65% 20.2% 19.9%
2018 45.9% 68.8% 18.8% 20.3%
2017 46.6% 72% 24.1% 19.9%
2016 46.7% 74.6% 21.5% 19.7%
2015 50.4% 75.7% 22.9% 21.9%
2014 50% 76.5% 21.3% 14.5%
2013 50.1% 77.2% 19.8% 12.6%
2012 49.2% 78.4% 21.9% 12.1%
2011 49.1% 80.5% 21.2% 10.2%
2010 48.9% 80.2% 22.5% 10.7%
2009 50.7% 78.2% 23.5% 10.2%
2008 48.8% 71.8% 27.1% 6.77%
2007 49.9% 65.6% 23.7% 4.09%
2006 51.4% 64.5% 19.8% 6.68%
2005 49.4% 60.6% 22% 8.1%
2004 48.8% 58.9% 21.3% 11.4%
2003 49.2% 58.2% 21.4% 15%
2002 51% 55.6% 20.5% 17.6%
2001 47.2% 52.2% - -
2000 47.3% 55.6% - -
1999 48.9% 60.3% - -
1998 50.7% 60.4% - -
1997 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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 24.6% in Kazakhstan, ranking 50/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Hungary Kazakhstan
2025 -4.68% -3.11%
2024 -4.9% -3.43%
2023 -6.77% -1.41%
2022 -6.19% 0.11%
2021 -7.11% -4.97%
2020 -7.49% -7.04%
2019 -2.02% -0.57%
2018 -2.05% 2.58%
2017 -2.45% -4.27%
2016 -1.79% -4.5%
2015 -2% -6.26%
2014 -2.77% 2.48%
2013 -2.6% 4.95%
2012 -2.33% 4.43%
2011 -5.22% 5.81%
2010 -4.44% 1.47%
2009 -4.76% -1.33%
2008 -3.78% 1.23%
2007 -5.09% 5.13%
2006 -9.27% 7.65%
2005 -7.79% 6.08%
2004 -6.6% 3.29%
2003 -7.19% 4%
2002 -8.79% 1.92%
2001 -4% -
2000 -3.04% -
1999 -5.27% -
1998 -7.41% -
1997 -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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

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

In 2025, Hungary's government deficit, the difference between spending and revenue, was $11.5B, equivalent to 4.68% of GDP. This compares to Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Hungary recorded a fiscal deficit in 24 of those years, while Kazakhstan ran a deficit in 10 years. On average, Hungary posted an annual deficit equal to 4.92% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Hungary

Kazakhstan
1x
Year Consumer prices inflation
Hungary Kazakhstan
2025 4.41% 11.4%
2024 3.7% 8.7%
2023 17.1% 14.5%
2022 14.6% 15%
2021 5.11% 8%
2020 3.33% 6.8%
2019 3.34% 5.3%
2018 2.85% 6%
2017 2.35% 7.5%
2016 0.39% 14.6%
2015 -0.06% 6.8%
2014 -0.23% 6.6%
2013 1.73% 5.8%
2012 5.65% 5.1%
2011 3.93% 8.4%
2010 4.86% 7.1%
2009 4.21% 7.3%
2008 6.04% 17.2%
2007 7.96% 10.8%
2006 3.93% 8.6%
2005 3.56% 7.4%
2004 6.74% 7%
2003 4.66% 6.4%
2002 5.27% 6%
2001 9.12% 8.4%
2000 9.8% 13.2%
1999 10% 8.3%
1998 14.2% 7.1%
1997 18.3% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 9.06% in Kazakhstan. In 2025, inflation was 4.41% in Hungary and 11.4% in Kazakhstan.

Top exports between countries

Hungary
Export category Export value
Chemicals & pharma $134M
Machinery & equipment $104M
Raw materials & minerals $21.6M
Animal & marine products $9.79M
Processed food, beverages & tobacco $8.11M
Textiles & consumer goods $7.41M
Raw agricultural goods $6.65M
Metals $4.98M
Wood & paper products $951K
Precious metals & jewellery $513K
Kazakhstan
Export category Export value
Raw materials & minerals $8.52M
Chemicals & pharma $5.91M
Animal & marine products $4.23M
Processed food, beverages & tobacco $1.86M
Machinery & equipment $1.35M
Metals $815K
Wood & paper products $306K
Textiles & consumer goods $287K
Raw agricultural goods $37K
Precious metals & jewellery $8K

Balance of trade

Hungary Kazakhstan
Current account balance
$4.08B
2025
-$12.5B
2025
Current account balance ranking
34/190
2025
177/190
2025
Current account balance, % of GDP
+1.65%
2025
-4.07%
2025
Goods imports
$139B
2025
$66.3B
2025
Goods exports
$136B
2025
$77.3B
2025
Service imports
$29.8B
2025
$14B
2025
Service exports
$43.1B
2025
$12.8B
2025
Imports of goods and services, % of GDP
68.1%
2025
25.6%
2024
Exports of goods and services, % of GDP
72.6%
2025
31.6%
2024

Economic freedom indices

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

Hungary Kazakhstan
Economic freedom 62.5 64.2
Economic freedom ranking 86/197 75/197
Property rights 67.3 54.9
Government integrity 44 40.7
Judicial effectiveness 61.9 33.8
Tax burden 85.1 91.2
Government spending 30.2 85.6
Fiscal health 32.7 97.2
Business freedom 70.8 64.9
Labor freedom 56.5 63.5
Monetary freedom 72.1 64.3
Trade freedom 79.4 74.4
Investment freedom 80 50
Financial freedom 70 50

Economic freedom comparison by year

Hungary
Kazakhstan
1x
Year Economic freedom index
Hungary Kazakhstan
2026 62.5 64.2
2025 61.4 63.8
2024 61.2 62
2023 64.1 62.1
2022 66.9 64.4
2021 67.2 71.1
2020 66.4 69.6
2019 65 65.4
2018 66.7 69.1
2017 65.8 69
2016 66 63.6
2015 66.8 63.3
2014 67 63.7
2013 67.3 63
2012 67.1 63.6
2011 66.6 62.1
2010 66.1 61
2009 66.8 60.1
2008 67.6 61.1
2007 64.8 59.6
2006 65 60.2
2005 63.5 53.9
2004 62.7 49.7
2003 63 52.3
2002 64.5 52.4
2001 65.6 51.8
2000 64.4 50.4
1999 59.6 47.3
1998 56.9 41.7
1997 55.3 -
1996 56.8 -
1995 55.2 -

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Kazakhstan
Services, % of GDP
60.1%
2025
57.7%
2025
Industry, % of GDP
23%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
3.74%
2025
GNI, Atlas method
$227B
2025
$286B
2025
GNI per capita, PPP
$48,630
2025
$41,090
2025
Total reserves including gold
$59.1B
2025
$66.1B
2025
Total reserves ranking
42/177
2025
40/177
2025
Net foreign direct investment
$9.1B
2025
$1.38B
2025
Net inflows of foreign direct investment
-$61.3B
2024
$2.09B
2024
Net outflows of foreign direct investment
-$76.3B
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
12.1%
2021
5%
2024
Gross capital formation, % of GDP
22.2%
2025
27.2%
2024

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/hungary/kazakhstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2025, 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-07-08)
  6. TradeMap (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.