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Economy of Hungary vs Marshall Islands compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $308M for the Marshall Islands, ranking 55/197 and 194/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $36.3M (11.8% of GDP) in the Marshall Islands.

Hungary vs Marshall Islands GDP by year

Hungary
Marshall Islands
1x
Year GDP, current $
Hungary Marshall Islands
2025 $246,490,213,513 $308,000,000
2024 $222,848,211,034 $285,000,000
2023 $213,029,511,029 $264,000,000
2022 $177,002,580,544 $258,723,500
2021 $183,282,685,440 $261,245,500
2020 $158,468,487,754 $241,800,000
2019 $164,936,682,034 $232,900,000
2018 $161,184,691,014 $220,000,000
2017 $143,335,098,992 $213,700,000
2016 $128,983,560,865 $201,800,000
2015 $125,244,126,623 $183,700,000
2014 $141,128,696,412 $186,000,000
2013 $135,646,053,779 $186,400,000
2012 $128,470,269,690 $180,700,000
2011 $141,712,804,954 $172,300,000
2010 $131,898,737,241 $161,100,000
2009 $130,807,441,076 $151,200,000
2008 $158,228,265,916 $146,600,000
2007 $140,123,326,896 $150,500,000
2006 $115,604,111,412 $143,200,000
2005 $113,098,237,571 $138,000,000
2004 $104,015,363,080 $132,900,000
2003 $85,190,469,121 $131,128,500
2002 $67,636,468,625 $131,960,000
2001 $53,800,068,066 $122,406,100
2000 $47,275,954,429 $114,838,500
1999 $49,160,204,397 $113,352,100
1998 $48,784,412,624 $112,070,100
1997 $47,398,564,799 $109,884,700
1996 $46,833,767,124 $110,858,000
1995 $46,577,614,589 $120,230,000
1994 $43,307,949,890 $108,071,000
1993 $40,256,233,360 $99,461,000
1992 $38,857,339,125 $91,063,000
1991 $34,867,307,353 $82,507,000
1990 $34,478,360,679 $78,476,000
1989 $30,422,508,938 $72,798,000
1988 $29,799,838,597 $70,688,000
1987 $27,232,016,527 $62,983,000
1986 $24,778,163,812 $55,989,000
1985 $21,510,643,750 $43,879,000
1984 $21,242,726,264 $45,144,000
1983 $21,910,365,258 $41,749,000
1982 $24,141,667,188 $34,918,000
1981 $23,705,883,892 $31,020,000
1980 $23,116,977,148 $26,710,653
1979 $19,959,731,325 $25,545,346
1978 $17,286,744,154 $22,209,370
1977 $14,783,674,055 $20,210,069
1976 $13,235,612,079 $18,153,647
1975 $11,420,392,515 $16,691,301
1974 $10,016,338,179 $15,217,532
1973 $9,138,292,402 $11,607,366
1972 $7,379,313,742 $9,973,652
1971 $6,291,568,221 $9,116,810
1970 $5,780,929,203 $8,408,486
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/marshall-islands | CC BY

GDP per capita in Hungary vs Marshall Islands by year

Hungary
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $8,489 -
2024 $23,305 $48,552 $7,590 $8,195
2023 $22,209 $46,592 $6,799 $7,549
2022 $18,428 $44,366 $6,456 $7,431
2021 $19,031 $38,887 $6,315 $6,768
2020 $16,387 $35,584 $5,662 $6,137
2019 $17,013 $35,627 $5,292 $6,045
2018 $16,605 $32,258 $4,858 $5,232
2017 $14,736 $29,728 $4,593 $4,719
2016 $13,216 $28,179 $4,230 $4,366
2015 $12,783 $26,938 $3,764 $4,125
2014 $14,353 $25,796 $3,735 $3,931
2013 $13,739 $24,592 $3,678 $3,845
2012 $12,950 $23,205 $3,514 $3,590
2011 $14,211 $22,992 $3,319 $3,537
2010 $13,190 $21,691 $3,095 $3,473
2009 $13,051 $20,691 $2,907 $3,253
2008 $15,763 $20,709 $2,818 $3,118
2007 $13,935 $19,089 $2,892 $3,309
2006 $11,478 $18,362 $2,754 $3,110
2005 $11,212 $17,091 $2,659 $3,017
2004 $10,291 $16,251 $2,566 $2,880
2003 $8,410 $15,460 $2,539 $2,824
2002 $6,658 $14,532 $2,566 $2,825
2001 $5,281 $13,223 $2,394 $2,700
2000 $4,630 $11,872 $2,265 $2,490
1999 $4,802 $10,892 $2,258 $2,400
1998 $4,752 $10,415 $2,254 $2,422
1997 $4,606 $9,846 $2,231 $2,434
1996 $4,542 $9,388 $2,273 $2,583
1995 $4,509 $9,222 $2,491 $2,858
1994 $4,187 $8,888 $2,265 $2,617
1993 $3,887 $8,441 $2,112 $2,452
1992 $3,747 $8,284 $1,963 $2,293
1991 $3,361 $8,352 $1,811 $2,131
1990 $3,324 $9,169 $1,758 $2,102
1989 $2,902 - $1,670 -
1988 $2,812 - $1,670 -
1987 $2,566 - $1,543 -
1986 $2,331 - $1,425 -
1985 $2,020 - $1,162 -
1984 $1,991 - $1,245 -
1983 $2,050 - $1,199 -
1982 $2,255 - $1,046 -
1981 $2,213 - $969 -
1980 $2,158 - $868 -
1979 $1,865 - $859 -
1978 $1,618 - $771 -
1977 $1,388 - $724 -
1976 $1,249 - $672 -
1975 $1,083 - $638 -
1974 $956 - $602 -
1973 $876 - $472 -
1972 $710 - $416 -
1971 $607 - $390 -
1970 $559 - $373 -
1969 $527 - - -
1968 $476 - - -

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

GeoRank.org/economy/hungary/marshall-islands | CC BY

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $8,489 in the Marshall Islands, ranking 95/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

Hungary Marshall Islands
Gross domestic product
$246B
2025
$308M
2025
GDP rank
55/197
2025
194/197
2025
GDP growth
0.51%
2024-2025
2.28%
2024-2025
GDP per capita
$25,907
2025
$8,489
2025
GDP per capita rank
52/197
2025
95/197
2025
GDP per capita, PPP
$48,552
2024
$8,195
2024
GDP per capita PPP rank
48/197
2024
139/197
2024
Government debt
$185B
2025
$36.3M
2025
Debt-to-GDP ratio
75.2%
2025
11.8%
2025
Government debt per person
$19,473
2025
$1,000
2025
Government debt per person rank
33/185
2025
144/185
2025
Average annual personal income after taxes
$18,331
2026
$5,308
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
27.5%
2019
Income share by poorest 10%
2.8%
2022
2.8%
2019
Government expenditure, % of GDP
47.5%
2025
65.3%
2025
Consumer prices inflation
4.41%
2024-2025
5.5%
2024-2025
Central bank interest rate
6.25%
2026
n/a
Unemployment rate
4.4%
2025
9.82%
2021
Population
9454659
35039

Spending and national debt comparison by year

Hungary
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
Hungary Marshall Islands
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 65.3% 11.8%
2024 46.9% 73.5% 70.9% 14.2%
2023 49.3% 73.2% 67.5% 18.2%
2022 48.9% 74.1% 65.8% 19.6%
2021 48.1% 76.2% 69.2% 19.9%
2020 51% 78.7% 67.8% 21.7%
2019 45.8% 65% 65.5% 25.1%
2018 45.9% 68.8% 60.5% 24.7%
2017 46.6% 72% 63.7% 26.5%
2016 46.7% 74.6% 56.8% 29.2%
2015 50.4% 75.7% 56.3% 33.9%
2014 50% 76.5% 49.2% 34.9%
2013 50.1% 77.2% 55% 33.4%
2012 49.2% 78.4% 53.2% 37.6%
2011 49.1% 80.5% 55.9% 35.9%
2010 48.9% 80.2% 59.2% 38.8%
2009 50.7% 78.2% 63.1% 41.2%
2008 48.8% 71.8% 64.3% 44.1%
2007 49.9% 65.6% 67.2% 42.2%
2006 51.4% 64.5% 61.2% 44.4%
2005 49.4% 60.6% 85.3% 45.8%
2004 48.8% 58.9% 54.5% 46.8%
2003 49.2% 58.2% 52.9% 43.7%
2002 51% 55.6% 55.2% 37.2%
2001 47.2% 52.2% 58.8% 32.7%
2000 47.3% 55.6% 56.5% 27.3%
1999 48.9% 60.3% 48.7% 26.1%
1998 50.7% 60.4% 50.5% 18.1%
1997 49.5% 62.2% 55% 8.73%
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/marshall-islands | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while the Marshall Islands spent $201M, or 65.3% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 11.8% in the Marshall Islands, ranking 50/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Marshall Islands
1x
Year Deficit/surplus, % of GDP
Hungary Marshall Islands
2025 -4.68% 1.35%
2024 -4.9% 2.62%
2023 -6.77% 1.01%
2022 -6.19% 0.51%
2021 -7.11% 0.18%
2020 -7.49% 2.54%
2019 -2.02% -1.8%
2018 -2.05% 2.55%
2017 -2.45% 4.38%
2016 -1.79% 3.88%
2015 -2% 2.81%
2014 -2.77% 3.2%
2013 -2.6% -0.23%
2012 -2.33% -0.76%
2011 -5.22% 2.13%
2010 -4.44% 3.51%
2009 -4.76% 1.51%
2008 -3.78% 3.68%
2007 -5.09% 0.27%
2006 -9.27% 0.24%
2005 -7.79% -22.3%
2004 -6.6% -1.6%
2003 -7.19% 10.5%
2002 -8.79% 5.12%
2001 -4% 7.83%
2000 -3.04% 7.84%
1999 -5.27% 9.01%
1998 -7.41% 13.5%
1997 -5.54% 7.91%
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/marshall-islands | 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 the Marshall Islands' surplus of $4.17M, or 1.35% of GDP.

Over the past 29 years, Hungary recorded a fiscal deficit in 29 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Hungary posted an annual deficit equal to 4.94% of GDP, compared to surplus of 2.46% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
Hungary

Marshall Islands
1x
Year Consumer prices inflation
Hungary Marshall Islands
2025 4.41% 5.5%
2024 3.7% 5.2%
2023 17.1% 7.4%
2022 14.6% 2.8%
2021 5.11% 2.2%
2020 3.33% -0.7%
2019 3.34% -0.1%
2018 2.85% 0.8%
2017 2.35% 0.1%
2016 0.39% -1.5%
2015 -0.06% -2.2%
2014 -0.23% 1.1%
2013 1.73% 1.9%
2012 5.65% 4.3%
2011 3.93% 5.4%
2010 4.86% 1.8%
2009 4.21% 0.5%
2008 6.04% 14.7%
2007 7.96% 2.6%
2006 3.93% 5.3%
2005 3.56% 3.5%
2004 6.74% 2%
2003 4.66% -
2002 5.27% -
2001 9.12% -
2000 9.8% -
1999 10% -
1998 14.2% -
1997 18.3% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2004–2025, retrieved 2026-07-08).

GeoRank.org/economy/hungary/marshall-islands | CC BY

Over the past 22 years, Hungary has recorded an average annual inflation rate of 4.8%, compared with 2.85% in the Marshall Islands. In 2025, inflation was 4.41% in Hungary and 5.5% in the Marshall Islands.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $459K
Raw materials & minerals $29K
Metals $23K
Textiles & consumer goods $21K
Chemicals & pharma $6K
Marshall Islands
Export category Export value
Processed food, beverages & tobacco $148K
Textiles & consumer goods $129K
Machinery & equipment $30K

Balance of trade

Hungary Marshall Islands
Current account balance
$4.08B
2025
$62.3M
2024
Current account balance ranking
34/190
2025
67/190
2024
Current account balance, % of GDP
+1.65%
2025
+21.9%
2024
Goods imports
$139B
2025
$173M
2024
Goods exports
$136B
2025
$101M
2024
Service imports
$29.8B
2025
$64.2M
2024
Service exports
$43.1B
2025
$21.1M
2024
Imports of goods and services, % of GDP
68.1%
2025
79.9%
2025
Exports of goods and services, % of GDP
72.6%
2025
36%
2025

Economic freedom indices

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

Hungary Marshall Islands
Economic freedom 62.5 58
Economic freedom ranking 86/197 113/197
Property rights 67.3 n/a
Government integrity 44 n/a
Judicial effectiveness 61.9 n/a
Tax burden 85.1 n/a
Government spending 30.2 n/a
Fiscal health 32.7 n/a
Business freedom 70.8 n/a
Labor freedom 56.5 n/a
Monetary freedom 72.1 n/a
Trade freedom 79.4 n/a
Investment freedom 80 n/a
Financial freedom 70 n/a

Other economic metrics

Hungary Marshall Islands
Services, % of GDP
60.1%
2025
68.2%
2024
Industry, % of GDP
23%
2025
13.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
19.9%
2024
GNI, Atlas method
$227B
2025
$352M
2025
GNI per capita, PPP
$48,630
2025
$10,590
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
-$13.4M
2024
Net inflows of foreign direct investment
-$61.3B
2024
$13.4M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$0
2024
Poverty at national poverty lines
12.1%
2021
7.2%
2019
Gross capital formation, % of GDP
22.2%
2025
21.1%
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/marshall-islands | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2024–2025, 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.