Skip to content

Economy of Hungary vs Malta compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $27.8B for Malta, ranking 55/197 and 118/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $13B (46.8% of GDP) in Malta.

Hungary vs Malta GDP by year

Hungary
Malta
1x
Year GDP, current $
Hungary Malta
2025 $246,490,213,513 $27,771,821,561
2024 $222,848,211,034 $25,042,712,191
2023 $213,029,511,029 $22,625,329,776
2022 $177,002,580,544 $18,938,869,147
2021 $183,282,685,440 $19,730,119,031
2020 $158,468,487,754 $16,404,655,808
2019 $164,936,682,034 $16,337,788,881
2018 $161,184,691,014 $16,153,785,817
2017 $143,335,098,992 $14,161,374,599
2016 $128,983,560,865 $12,025,777,078
2015 $125,244,126,623 $11,340,789,706
2014 $141,128,696,412 $11,888,029,752
2013 $135,646,053,779 $10,796,780,874
2012 $128,470,269,690 $9,609,530,619
2011 $141,712,804,954 $9,789,363,086
2010 $131,898,737,241 $9,097,044,301
2009 $130,807,441,076 $8,769,897,418
2008 $158,228,265,916 $9,172,399,573
2007 $140,123,326,896 $7,908,412,374
2006 $115,604,111,412 $6,749,838,862
2005 $113,098,237,571 $6,393,234,965
2004 $104,015,363,080 $6,104,141,501
2003 $85,190,469,121 $5,418,315,225
2002 $67,636,468,625 $4,455,127,398
2001 $53,800,068,066 $4,070,867,153
2000 $47,275,954,429 $4,036,809,767
1999 $49,160,204,397 $4,111,857,836
1998 $48,784,412,624 $4,010,111,652
1997 $47,398,564,799 $3,787,023,655
1996 $46,833,767,124 $3,822,547,151
1995 $46,577,614,589 $3,709,396,089
1994 $43,307,949,890 $2,998,505,428
1993 $40,256,233,360 $2,709,193,538
1992 $38,857,339,125 $3,021,942,759
1991 $34,867,307,353 $2,750,216,747
1990 $34,478,360,679 $2,547,328,748
1989 $30,422,508,938 $2,118,655,677
1988 $29,799,838,597 $2,019,503,068
1987 $27,232,016,527 $1,751,293,461
1986 $24,778,163,812 $1,435,038,441
1985 $21,510,643,750 $1,117,797,439
1984 $21,242,726,264 $1,101,807,023
1983 $21,910,365,258 $1,165,729,707
1982 $24,141,667,188 $1,234,474,404
1981 $23,705,883,892 $1,243,509,394
1980 $23,116,977,148 $1,250,198,601
1979 $19,959,731,325 $1,001,288,847
1978 $17,286,744,154 $793,673,402
1977 $14,783,674,055 $625,563,171
1976 $13,235,612,079 $527,936,989
1975 $11,420,392,515 $474,618,321
1974 $10,016,338,179 $376,081,124
1973 $9,138,292,402 $345,616,106
1972 $7,379,313,742 $295,106,628
1971 $6,291,568,221 $264,578,485
1970 $5,780,929,203 $250,728,796
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/malta | CC BY

GDP per capita in Hungary vs Malta by year

Hungary
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $47,907 -
2024 $23,305 $48,552 $44,024 $69,864
2023 $22,209 $46,592 $40,933 $67,057
2022 $18,428 $44,366 $35,659 $60,589
2021 $19,031 $38,887 $38,078 $56,852
2020 $16,387 $35,584 $31,823 $49,972
2019 $17,013 $35,627 $32,422 $51,393
2018 $16,605 $32,258 $33,382 $48,178
2017 $14,736 $29,728 $30,317 $45,764
2016 $13,216 $28,179 $26,459 $41,000
2015 $12,783 $26,938 $25,530 $38,369
2014 $14,353 $25,796 $27,425 $35,206
2013 $13,739 $24,592 $25,416 $33,138
2012 $12,950 $23,205 $22,878 $30,716
2011 $14,211 $22,992 $23,517 $29,426
2010 $13,190 $21,691 $21,947 $28,909
2009 $13,051 $20,691 $21,262 $26,782
2008 $15,763 $20,709 $22,406 $26,654
2007 $13,935 $19,089 $19,444 $25,012
2006 $11,478 $18,362 $16,654 $23,219
2005 $11,212 $17,091 $15,831 $22,227
2004 $10,291 $16,251 $15,212 $21,566
2003 $8,410 $15,460 $13,594 $20,813
2002 $6,658 $14,532 $11,251 $19,532
2001 $5,281 $13,223 $10,358 $18,435
2000 $4,630 $11,872 $10,348 $18,214
1999 $4,802 $10,892 $10,609 $16,898
1998 $4,752 $10,415 $10,408 $16,219
1997 $4,606 $9,846 $9,893 $15,465
1996 $4,542 $9,388 $10,062 $14,661
1995 $4,509 $9,222 $9,828 $13,950
1994 $4,187 $8,888 $8,000 $12,938
1993 $3,887 $8,441 $7,296 $12,103
1992 $3,747 $8,284 $8,220 $11,429
1991 $3,361 $8,352 $7,559 $10,784
1990 $3,324 $9,169 $7,192 $10,086
1989 $2,902 - $6,041 -
1988 $2,812 - $5,814 -
1987 $2,566 - $5,084 -
1986 $2,331 - $4,195 -
1985 $2,020 - $3,322 -
1984 $1,991 - $3,333 -
1983 $2,050 - $3,527 -
1982 $2,255 - $3,788 -
1981 $2,213 - $3,898 -
1980 $2,158 - $3,948 -
1979 $1,865 - $3,196 -
1978 $1,618 - $2,559 -
1977 $1,388 - $2,038 -
1976 $1,249 - $1,727 -
1975 $1,083 - $1,560 -
1974 $956 - $1,245 -
1973 $876 - $1,144 -
1972 $710 - $976 -
1971 $607 - $874 -
1970 $559 - $828 -
1969 $527 - - -
1968 $476 - - -

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

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Malta ranks 25th at $69,864.

Economic indicators

Hungary Malta
Gross domestic product
$246B
2025
$27.8B
2025
GDP rank
55/197
2025
118/197
2025
GDP growth
0.51%
2024-2025
3.96%
2024-2025
GDP per capita
$25,907
2025
$47,907
2025
GDP per capita rank
52/197
2025
28/197
2025
GDP per capita, PPP
$48,552
2024
$69,864
2024
GDP per capita PPP rank
48/197
2024
25/197
2024
Government debt
$185B
2025
$13B
2025
Debt-to-GDP ratio
75.2%
2025
46.8%
2025
Government debt per person
$19,473
2025
$22,407
2025
Government debt per person rank
33/185
2025
30/185
2025
Average annual personal income after taxes
$18,331
2026
$22,914
2026
Market capitalization of domestic companies
$62.6B
2025
$5.35B
2025
Number of millionaires
27,000
2026
n/a
Number of billionaires
4
2026
n/a
Income share by richest 10%
24.4%
2022
24.7%
2023
Income share by poorest 10%
2.8%
2022
2.8%
2023
Government expenditure, % of GDP
47.5%
2025
37%
2025
Consumer prices inflation
4.41%
2024-2025
2.36%
2024-2025
Central bank interest rate
6.25%
2026
n/a
Unemployment rate
4.4%
2025
3.1%
2025
Population
9454659
586345

Spending and national debt comparison by year

Hungary
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Hungary Malta
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 37% 46.8%
2024 46.9% 73.5% 37.4% 46%
2023 49.3% 73.2% 35.8% 46.8%
2022 48.9% 74.1% 38.4% 50.1%
2021 48.1% 76.2% 39.5% 49.6%
2020 51% 78.7% 42.1% 48.6%
2019 45.8% 65% 34.9% 39.2%
2018 45.9% 68.8% 34.5% 41.4%
2017 46.6% 72% 32.7% 45.6%
2016 46.7% 74.6% 35.5% 53.1%
2015 50.4% 75.7% 37.8% 55%
2014 50% 76.5% 39.6% 60.7%
2013 50.1% 77.2% 40.1% 64.9%
2012 49.2% 78.4% 41.7% 65.6%
2011 49.1% 80.5% 41.5% 68.9%
2010 48.9% 80.2% 40.1% 65%
2009 50.7% 78.2% 41.1% 66%
2008 48.8% 71.8% 42.1% 61.5%
2007 49.9% 65.6% 41.2% 62%
2006 51.4% 64.5% 42.5% 64.5%
2005 49.4% 60.6% 42.5% 70.2%
2004 48.8% 58.9% 42% 70.4%
2003 49.2% 58.2% 45.6% 68.6%
2002 51% 55.6% 43.6% 65.1%
2001 47.2% 52.2% 44.4% 70%
2000 47.3% 55.6% 42.9% 64.4%
1999 48.9% 60.3% - 69.8%
1998 50.7% 60.4% - 66.4%
1997 49.5% 62.2% - 60.8%
1996 50.9% 71.2% - 51.5%
1995 55% 83.9% - 45.3%
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/malta | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 46.8% in Malta, ranking 50/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Malta
1x
Year Deficit/surplus, % of GDP
Hungary Malta
2025 -4.68% -3.1%
2024 -4.9% -3.51%
2023 -6.77% -4.43%
2022 -6.19% -5.33%
2021 -7.11% -6.96%
2020 -7.49% -8.71%
2019 -2.02% 0.72%
2018 -2.05% 1.86%
2017 -2.45% 3.4%
2016 -1.79% 1.1%
2015 -2% -0.84%
2014 -2.77% -1.49%
2013 -2.6% -2.19%
2012 -2.33% -3.31%
2011 -5.22% -2.99%
2010 -4.44% -2.22%
2009 -4.76% -3.11%
2008 -3.78% -4.06%
2007 -5.09% -2.05%
2006 -9.27% -2.46%
2005 -7.79% -2.83%
2004 -6.6% -4.28%
2003 -7.19% -9.04%
2002 -8.79% -5.62%
2001 -4% -6.5%
2000 -3.04% -5.83%
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/malta | 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 Malta's deficit of $861M, or 3.1% of GDP.

Over the past 26 years, Hungary recorded a fiscal deficit in 26 of those years, while Malta ran a deficit in 22 years. On average, Hungary posted an annual deficit equal to 4.81% of GDP, compared to deficit of 3.22% of GDP for Malta.

Inflation comparison by year

Inflation
Hungary

Malta
1x
Year Consumer prices inflation
Hungary Malta
2025 4.41% 2.36%
2024 3.7% 1.65%
2023 17.1% 5.09%
2022 14.6% 6.15%
2021 5.11% 1.5%
2020 3.33% 0.64%
2019 3.34% 1.64%
2018 2.85% 1.16%
2017 2.35% 1.36%
2016 0.39% 0.64%
2015 -0.06% 1.1%
2014 -0.23% 0.31%
2013 1.73% 1.18%
2012 5.65% 2.38%
2011 3.93% 2.96%
2010 4.86% 1.52%
2009 4.21% 2.08%
2008 6.04% 4.26%
2007 7.96% 1.25%
2006 3.93% 2.77%
2005 3.56% 3.01%
2004 6.74% 2.79%
2003 4.66% 1.3%
2002 5.27% 2.19%
2001 9.12% 2.93%
2000 9.8% 2.37%
1999 10% 2.13%
1998 14.2% 2.39%
1997 18.3% 3.11%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 2.22% in Malta. In 2025, inflation was 4.41% in Hungary and 2.36% in Malta.

Top exports between countries

Hungary
Export category Export value
Transport & tourism services $467M
Business & finance services $46.6M
IT & IP services $40.2M
Manufacturing & construction services $22.6M
Raw materials & minerals $15M
Machinery & equipment $8.5M
Processed food, beverages & tobacco $6.18M
Chemicals & pharma $5.67M
Textiles & consumer goods $1.1M
Animal & marine products $591K
Malta
Export category Export value
Transport & tourism services $51.6M
Business & finance services $39M
Machinery & equipment $35.4M
Chemicals & pharma $6.49M
IT & IP services $3.11M
Textiles & consumer goods $849K
Metals $208K
Raw materials & minerals $184K
Manufacturing & construction services $118K
Government & miscellaneous services $118K

Balance of trade

Hungary Malta
Current account balance
$4.08B
2025
$1.78B
2024
Current account balance ranking
34/190
2025
45/190
2024
Current account balance, % of GDP
+1.65%
2025
+7.1%
2024
Goods imports
$139B
2025
$7.56B
2024
Goods exports
$136B
2025
$4.58B
2024
Service imports
$29.8B
2025
$17.4B
2024
Service exports
$43.1B
2025
$25B
2024
Imports of goods and services, % of GDP
68.1%
2025
99.9%
2025
Exports of goods and services, % of GDP
72.6%
2025
119.1%
2025

Economic freedom indices

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

Hungary Malta
Economic freedom 62.5 68.2
Economic freedom ranking 86/197 49/197
Property rights 67.3 85.5
Government integrity 44 54.3
Judicial effectiveness 61.9 80.2
Tax burden 85.1 68.5
Government spending 30.2 58.4
Fiscal health 32.7 63.2
Business freedom 70.8 83.2
Labor freedom 56.5 62.6
Monetary freedom 72.1 73.1
Trade freedom 79.4 79.4
Investment freedom 80 60
Financial freedom 70 50

Economic freedom comparison by year

Hungary
Malta
1x
Year Economic freedom index
Hungary Malta
2026 62.5 68.2
2025 61.4 66.8
2024 61.2 64.5
2023 64.1 67.5
2022 66.9 71.5
2021 67.2 70.2
2020 66.4 69.5
2019 65 68.6
2018 66.7 68.5
2017 65.8 67.7
2016 66 66.7
2015 66.8 66.5
2014 67 66.4
2013 67.3 67.5
2012 67.1 67
2011 66.6 65.7
2010 66.1 67.2
2009 66.8 66.1
2008 67.6 66
2007 64.8 66.1
2006 65 67.3
2005 63.5 68.9
2004 62.7 63.3
2003 63 61.1
2002 64.5 62.2
2001 65.6 62.9
2000 64.4 58.3
1999 59.6 59.3
1998 56.9 61.2
1997 55.3 57.9
1996 56.8 55.8
1995 55.2 56.3

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Malta
Services, % of GDP
60.1%
2025
81.3%
2025
Industry, % of GDP
23%
2025
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
0.47%
2025
GNI, Atlas method
$227B
2025
$24B
2025
GNI per capita, PPP
$48,630
2025
$64,900
2025
Total reserves including gold
$59.1B
2025
$1.54B
2025
Total reserves ranking
42/177
2025
134/177
2025
Net foreign direct investment
$9.1B
2025
-$6.13B
2024
Net inflows of foreign direct investment
-$61.3B
2024
$42.6B
2024
Net outflows of foreign direct investment
-$76.3B
2024
$36.5B
2024
Poverty at national poverty lines
12.1%
2021
16.7%
2021
Gross capital formation, % of GDP
22.2%
2025
18.7%
2025

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/malta | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2021–2025, 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.

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.