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Economy of Hungary vs Kiribati compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $349M for Kiribati, ranking 55/197 and 192/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $27.8M (7.95% of GDP) in Kiribati.

Hungary vs Kiribati GDP by year

Hungary
Kiribati
1x
Year GDP, current $
Hungary Kiribati
2025 $246,490,213,513 $349,227,254
2024 $222,848,211,034 $343,153,235
2023 $213,029,511,029 $291,657,338
2022 $177,002,580,544 $271,214,375
2021 $183,282,685,440 $285,451,584
2020 $158,468,487,754 $220,909,307
2019 $164,936,682,034 $216,891,541
2018 $161,184,691,014 $233,859,230
2017 $143,335,098,992 $223,029,865
2016 $128,983,560,865 $206,467,819
2015 $125,244,126,623 $191,559,399
2014 $141,128,696,412 $200,287,282
2013 $135,646,053,779 $201,730,861
2012 $128,470,269,690 $207,001,546
2011 $141,712,804,954 $195,970,140
2010 $131,898,737,241 $165,458,433
2009 $130,807,441,076 $140,177,384
2008 $158,228,265,916 $147,017,895
2007 $140,123,326,896 $138,054,946
2006 $115,604,111,412 $112,338,353
2005 $113,098,237,571 $113,895,437
2004 $104,015,363,080 $104,085,892
2003 $85,190,469,121 $96,105,619
2002 $67,636,468,625 $74,743,869
2001 $53,800,068,066 $64,935,850
2000 $47,275,954,429 $74,910,527
1999 $49,160,204,397 $77,323,978
1998 $48,784,412,624 $74,905,706
1997 $47,398,564,799 $80,205,807
1996 $46,833,767,124 $81,456,854
1995 $46,577,614,589 $68,596,395
1994 $43,307,949,890 $67,055,334
1993 $40,256,233,360 $58,953,596
1992 $38,857,339,125 $61,491,369
1991 $34,867,307,353 $41,247,792
1990 $34,478,360,679 $36,534,295
1989 $30,422,508,938 $37,645,319
1988 $29,799,838,597 $38,278,810
1987 $27,232,016,527 $29,554,413
1986 $24,778,163,812 $25,993,009
1985 $21,510,643,750 $26,126,615
1984 $21,242,726,264 $34,394,167
1983 $21,910,365,258 $31,000,546
1982 $24,141,667,188 $32,742,713
1981 $23,705,883,892 $35,267,489
1980 $23,116,977,148 $33,157,723
1979 $19,959,731,325 $34,466,197
1978 $17,286,744,154 $36,563,965
1977 $14,783,674,055 $31,335,459
1976 $13,235,612,079 $33,246,817
1975 $11,420,392,515 $44,547,454
1974 $10,016,338,179 $69,256,489
1973 $9,138,292,402 $25,645,040
1972 $7,379,313,742 $15,314,346
1971 $6,291,568,221 $12,356,134
1970 $5,780,929,203 $11,560,877
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/kiribati | CC BY

GDP per capita in Hungary vs Kiribati by year

Hungary
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $2,559 -
2024 $23,305 $48,552 $2,551 $3,702
2023 $22,209 $46,592 $2,201 $3,486
2022 $18,428 $44,366 $2,079 $3,329
2021 $19,031 $38,887 $2,224 $3,020
2020 $16,387 $35,584 $1,752 $2,711
2019 $17,013 $35,627 $1,750 $2,763
2018 $16,605 $32,258 $1,916 $2,672
2017 $14,736 $29,728 $1,854 $2,562
2016 $13,216 $28,179 $1,743 $2,463
2015 $12,783 $26,938 $1,640 $2,311
2014 $14,353 $25,796 $1,737 $2,084
2013 $13,739 $24,592 $1,772 $2,049
2012 $12,950 $23,205 $1,844 $1,896
2011 $14,211 $22,992 $1,771 $1,786
2010 $13,190 $21,691 $1,522 $1,724
2009 $13,051 $20,691 $1,317 $1,718
2008 $15,763 $20,709 $1,411 $1,735
2007 $13,935 $19,089 $1,353 $1,792
2006 $11,478 $18,362 $1,123 $1,728
2005 $11,212 $17,091 $1,162 $1,617
2004 $10,291 $16,251 $1,083 $1,579
2003 $8,410 $15,460 $1,021 $1,578
2002 $6,658 $14,532 $810 $1,605
2001 $5,281 $13,223 $719 $1,591
2000 $4,630 $11,872 $845 $1,638
1999 $4,802 $10,892 $887 $1,526
1998 $4,752 $10,415 $874 $1,593
1997 $4,606 $9,846 $953 $1,535
1996 $4,542 $9,388 $986 $1,519
1995 $4,509 $9,222 $844 $1,518
1994 $4,187 $8,888 $838 $1,469
1993 $3,887 $8,441 $748 $1,431
1992 $3,747 $8,284 $792 $1,421
1991 $3,361 $8,352 $540 $1,139
1990 $3,324 $9,169 $488 $1,192
1989 $2,902 - $515 -
1988 $2,812 - $536 -
1987 $2,566 - $424 -
1986 $2,331 - $382 -
1985 $2,020 - $393 -
1984 $1,991 - $527 -
1983 $2,050 - $483 -
1982 $2,255 - $519 -
1981 $2,213 - $568 -
1980 $2,158 - $542 -
1979 $1,865 - $573 -
1978 $1,618 - $611 -
1977 $1,388 - $520 -
1976 $1,249 - $548 -
1975 $1,083 - $730 -
1974 $956 - $1,131 -
1973 $876 - $422 -
1972 $710 - $256.2 -
1971 $607 - $210.7 -
1970 $559 - $201 -
1969 $527 - - -
1968 $476 - - -

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

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $2,559 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Kiribati ranks 169th at $3,702.

Economic indicators

Hungary Kiribati
Gross domestic product
$246B
2025
$349M
2025
GDP rank
55/197
2025
192/197
2025
GDP growth
0.51%
2024-2025
4.22%
2024-2025
GDP per capita
$25,907
2025
$2,559
2025
GDP per capita rank
52/197
2025
152/197
2025
GDP per capita, PPP
$48,552
2024
$3,702
2024
GDP per capita PPP rank
48/197
2024
169/197
2024
Government debt
$185B
2025
$27.8M
2025
Debt-to-GDP ratio
75.2%
2025
7.95%
2025
Government debt per person
$19,473
2025
$203.4
2025
Government debt per person rank
33/185
2025
181/185
2025
Average annual personal income after taxes
$18,331
2026
$2,170
2026
Market capitalization of domestic companies
$62.6B
2025
n/a
Number of millionaires
27,000
2026
n/a
Number of billionaires
4
2026
n/a
Income share by richest 10%
24.4%
2022
20.9%
2023
Income share by poorest 10%
2.8%
2022
4.4%
2023
Government expenditure, % of GDP
47.5%
2025
88.2%
2025
Consumer prices inflation
4.41%
2024-2025
6.5%
2024-2025
Central bank interest rate
6.25%
2026
n/a
Unemployment rate
4.4%
2025
2.79%
2023
Population
9454659
139471

Spending and national debt comparison by year

Hungary
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Hungary Kiribati
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 88.2% 7.95%
2024 46.9% 73.5% 86.1% 8.9%
2023 49.3% 73.2% 94.4% 11.3%
2022 48.9% 74.1% 87.2% 16.2%
2021 48.1% 76.2% 84% 17.3%
2020 51% 78.7% 102.2% 21%
2019 45.8% 65% 108.3% 18.5%
2018 45.9% 68.8% 108.8% 19%
2017 46.6% 72% 92.1% 20.2%
2016 46.7% 74.6% 99% 21.2%
2015 50.4% 75.7% 90.9% 18.8%
2014 50% 76.5% 101.2% 8.97%
2013 50.1% 77.2% 78% 8.86%
2012 49.2% 78.4% 83.9% 8.13%
2011 49.1% 80.5% 80.9% 8.8%
2010 48.9% 80.2% 75.7% 9.43%
2009 50.7% 78.2% 74.7% 10.3%
2008 48.8% 71.8% 79.4% 13.9%
2007 49.9% 65.6% 77.3% 11.1%
2006 51.4% 64.5% 82.1% 12.9%
2005 49.4% 60.6% 95.6% 12.1%
2004 48.8% 58.9% 103.8% 13.6%
2003 49.2% 58.2% 84.4% 12.3%
2002 51% 55.6% 96.9% 13.3%
2001 47.2% 52.2% 101.3% 17%
2000 47.3% 55.6% 66% 12.7%
1999 48.9% 60.3% 77.6% 11.8%
1998 50.7% 60.4% 74.7% 9.81%
1997 49.5% 62.2% 70.9% 10.7%
1996 50.9% 71.2% 68.4% 11%
1995 55% 83.9% 69.6% 12.3%
1994 - 86.2% 54.6% 12.3%
1993 - 87.2% 55.3% 10.9%
1992 - 76.5% 65.9% 7.31%
1991 - 74.2% 82.1% 8.43%
1990 - 63.7% 105.5% 7.72%
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Kiribati spent $308M, or 88.2% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 7.95% in Kiribati, ranking 50/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Kiribati
1x
Year Deficit/surplus, % of GDP
Hungary Kiribati
2025 -4.68% -14.5%
2024 -4.9% -14.1%
2023 -6.77% 1.81%
2022 -6.19% -18.2%
2021 -7.11% -10.8%
2020 -7.49% 3.57%
2019 -2.02% 10.8%
2018 -2.05% 5.18%
2017 -2.45% 34.1%
2016 -1.79% 20.1%
2015 -2% 42.5%
2014 -2.77% 35%
2013 -2.6% 11.8%
2012 -2.33% -5.43%
2011 -5.22% -17.6%
2010 -4.44% -7.8%
2009 -4.76% -8.56%
2008 -3.78% -15.8%
2007 -5.09% -12.5%
2006 -9.27% -12.3%
2005 -7.79% -9.96%
2004 -6.6% -19.2%
2003 -7.19% -8.93%
2002 -8.79% 3.13%
2001 -4% -10.9%
2000 -3.04% -0.03%
1999 -5.27% -1.81%
1998 -7.41% 14.6%
1997 -5.54% 5.92%
1996 -4.36% -20.2%
1995 -8.57% -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/hungary/kiribati | 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 Kiribati's deficit of $50.6M, or 14.5% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Kiribati ran a deficit in 19 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to deficit of 0.82% of GDP for Kiribati.

Inflation comparison by year

Inflation
Hungary

Kiribati
1x
Year Consumer prices inflation
Hungary Kiribati
2025 4.41% 6.5%
2024 3.7% 2.5%
2023 17.1% 9.3%
2022 14.6% 5.3%
2021 5.11% 2.1%
2020 3.33% 2.6%
2019 3.34% -1.8%
2018 2.85% 0.6%
2017 2.35% 0.4%
2016 0.39% 1.9%
2015 -0.06% 0.6%
2014 -0.23% 2.1%
2013 1.73% -1.5%
2012 5.65% -3%
2011 3.93% 1.5%
2010 4.86% -3.9%
2009 4.21% 9.8%
2008 6.04% 13.7%
2007 7.96% 3.6%
2006 3.93% -1%
2005 3.56% -0.4%
2004 6.74% -0.7%
2003 4.66% 1.6%
2002 5.27% 3.2%
2001 9.12% 6%
2000 9.8% 0.4%
1999 10% 1.8%
1998 14.2% 3.7%
1997 18.3% 2.6%

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/kiribati | CC BY

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 2.4% in Kiribati. In 2025, inflation was 4.41% in Hungary and 6.5% in Kiribati.

Balance of trade

Hungary Kiribati
Current account balance
$4.08B
2025
-$61.3M
2025
Current account balance ranking
34/190
2025
77/190
2025
Current account balance, % of GDP
+1.65%
2025
-17.6%
2025
Goods imports
$139B
2025
$270M
2025
Goods exports
$136B
2025
$17.3M
2025
Service imports
$29.8B
2025
$110M
2025
Service exports
$43.1B
2025
$8.63M
2025
Imports of goods and services, % of GDP
68.1%
2025
97.6%
2024
Exports of goods and services, % of GDP
72.6%
2025
4.52%
2024

Economic freedom indices

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

Hungary Kiribati
Economic freedom 62.5 50.8
Economic freedom ranking 86/197 158/197
Property rights 67.3 69.6
Government integrity 44 50.5
Judicial effectiveness 61.9 54.6
Tax burden 85.1 72.6
Government spending 30.2 0
Fiscal health 32.7 19.8
Business freedom 70.8 60.2
Labor freedom 56.5 65.3
Monetary freedom 72.1 76.7
Trade freedom 79.4 80
Investment freedom 80 30
Financial freedom 70 30

Economic freedom comparison by year

Hungary
Kiribati
1x
Year Economic freedom index
Hungary Kiribati
2026 62.5 50.8
2025 61.4 50.9
2024 61.2 51.3
2023 64.1 58.8
2022 66.9 59.2
2021 67.2 44.4
2020 66.4 45.2
2019 65 47.3
2018 66.7 50.8
2017 65.8 50.9
2016 66 46.2
2015 66.8 46.4
2014 67 46.3
2013 67.3 45.9
2012 67.1 46.9
2011 66.6 44.8
2010 66.1 43.7
2009 66.8 45.7
2008 67.6 -
2007 64.8 -
2006 65 -
2005 63.5 -
2004 62.7 -
2003 63 -
2002 64.5 -
2001 65.6 -
2000 64.4 -
1999 59.6 -
1998 56.9 -
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/kiribati | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Kiribati
Services, % of GDP
60.1%
2025
70.3%
2024
Industry, % of GDP
23%
2025
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
23.2%
2024
GNI, Atlas method
$227B
2025
$537M
2025
GNI per capita, PPP
$48,630
2025
$6,080
2025
Total reserves including gold
$59.1B
2025
n/a
Total reserves ranking
42/177
2025
n/a
Net foreign direct investment
$9.1B
2025
-$4.14M
2025
Net inflows of foreign direct investment
-$61.3B
2024
$8.07M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$16.4K
2024
Poverty at national poverty lines
12.1%
2021
5.5%
2023
Gross capital formation, % of GDP
22.2%
2025
29.9%
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/kiribati | 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 (1990–2025, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.

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.