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Economy of Hungary vs Mozambique compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $22.7B for Mozambique, ranking 55/197 and 123/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Hungary vs Mozambique GDP by year

Hungary
Mozambique
1x
Year GDP, current $
Hungary Mozambique
2024 $222,722,738,926 $22,745,341,305
2023 $213,240,316,635 $20,921,079,533
2022 $177,002,580,544 $18,883,528,581
2021 $183,282,685,440 $16,168,055,475
2020 $158,468,487,754 $14,235,420,174
2019 $164,936,682,034 $15,512,759,047
2018 $161,184,691,014 $15,017,358,953
2017 $143,335,098,992 $13,264,640,646
2016 $128,983,560,865 $12,069,051,237
2015 $125,244,126,623 $16,208,985,770
2014 $141,128,696,412 $17,978,246,586
2013 $135,646,053,779 $17,198,073,057
2012 $128,470,269,690 $16,688,114,144
2011 $141,712,804,954 $14,619,279,989
2010 $131,898,737,241 $11,411,894,724
2009 $130,807,441,076 $12,263,894,790
2008 $158,228,265,916 $12,920,340,965
2007 $140,123,326,896 $10,811,456,006
2006 $115,604,111,412 $9,509,835,537
2005 $113,098,237,571 $8,868,504,900
2004 $104,015,363,080 $7,937,255,565
2003 $85,190,469,121 $6,583,526,861
2002 $67,636,468,625 $5,950,769,427
2001 $53,800,068,066 $5,650,154,067
2000 $47,275,954,429 $5,930,685,215
1999 $49,160,204,397 $6,285,219,691
1998 $48,784,412,624 $5,551,118,149
1997 $47,398,564,799 $4,873,663,775
1996 $46,833,767,124 $4,030,146,135
1995 $46,577,614,589 $3,061,646,174
1994 $43,307,949,890 $2,958,108,170
1993 $40,256,233,360 $2,883,161,897
1992 $38,857,339,125 $2,798,696,511
1991 $34,867,307,353 $3,854,856,435
1990 $34,478,360,679 -
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 (1968–2024, retrieved 2026-04-06).

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

GDP per capita in Hungary vs Mozambique by year

Hungary
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 $657 $1,705
2023 $22,231 $46,592 $622 $1,678
2022 $18,428 $44,366 $578 $1,582
2021 $19,031 $38,887 $510 $1,457
2020 $16,387 $35,584 $462 $1,412
2019 $17,013 $35,627 $519 $1,389
2018 $16,605 $32,258 $518 $1,326
2017 $14,736 $29,728 $471 $1,283
2016 $13,216 $28,179 $441 $1,379
2015 $12,783 $26,938 $611 $1,318
2014 $14,353 $25,796 $697 $1,166
2013 $13,739 $24,592 $687 $1,114
2012 $12,950 $23,205 $686 $1,076
2011 $14,211 $22,992 $618 $1,064
2010 $13,190 $21,691 $496 $1,000
2009 $13,051 $20,691 $548 $951
2008 $15,763 $20,709 $592 $916
2007 $13,935 $19,089 $508 $862
2006 $11,478 $18,362 $457 $798
2005 $11,212 $17,091 $437 $721
2004 $10,291 $16,251 $400 $673
2003 $8,410 $15,460 $339 $620
2002 $6,658 $14,532 $314 $580
2001 $5,281 $13,223 $305 $533
2000 $4,630 $11,872 $327 $472
1999 $4,802 $10,892 $354 $468
1998 $4,752 $10,415 $320 $422
1997 $4,606 $9,846 $287.5 $387
1996 $4,542 $9,388 $244.4 $350
1995 $4,509 $9,222 $191.8 $321
1994 $4,187 $8,888 $196.8 $326
1993 $3,887 $8,441 $205.2 $321
1992 $3,747 $8,284 $205.6 $292
1991 $3,361 $8,352 $288.7 $315
1990 $3,324 $9,169 - $296
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 (1968–2024, retrieved 2026-04-06).

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

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Mozambique ranks 192nd at $1,705.

Economic indicators

Hungary Mozambique
Gross domestic product
$223B
2024
$22.7B
2024
GDP rank
55/197
2024
123/197
2024
GDP growth
0.56%
2023-2024
2.15%
2023-2024
GDP per capita
$23,292
2024
$657
2024
GDP per capita rank
55/197
2024
189/197
2024
GDP per capita, PPP
$48,552
2024
$1,705
2024
GDP per capita PPP rank
48/197
2024
192/197
2024
Government debt
$164B
2024
$21.2B
2024
Debt-to-GDP ratio
73.5%
2024
93.2%
2024
Government debt per person
$17,109
2024
$612
2024
Government debt per person rank
37/185
2024
159/185
2024
Average annual personal income after taxes
$16,996
2026
$1,778
2026
Market capitalization of domestic companies
$41.5B
2024
n/a
Number of millionaires
24,692
2025
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
40.8%
2022
Income share by poorest 10%
2.8%
2022
1.7%
2022
Government expenditure, % of GDP
46.9%
2024
33.2%
2024
Consumer prices inflation
3.7%
2023-2024
3.2%
2023-2024
Central bank interest rate
6.5%
2024
9.75%
2025
Unemployment rate
4.47%
2024
6.79%
2022
Population
9475525
36941128

Spending and national debt comparison by year

Hungary
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Hungary Mozambique
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 33.2% 93.2%
2023 49.2% 73% 33.3% 90.9%
2022 48.7% 73.9% 32.9% 100.3%
2021 48.1% 76.2% 32.1% 104.3%
2020 51% 78.7% 33.9% 120%
2019 45.8% 65% 28% 98.3%
2018 45.9% 68.8% 32.9% 105.5%
2017 46.6% 72% 29.5% 103.8%
2016 46.7% 74.6% 29.1% 124.8%
2015 50.4% 75.7% 32.2% 86%
2014 50% 76.5% 39.7% 63.4%
2013 50.1% 77.2% 31.7% 49.5%
2012 49.2% 78.4% 28.1% 36.7%
2011 49.1% 80.5% 28.9% 34.2%
2010 48.9% 80.2% 26.7% 38.6%
2009 50.7% 78.2% 25.7% 39.3%
2008 48.8% 71.8% 21.3% 32.8%
2007 49.9% 65.6% 20.9% 31.2%
2006 51.4% 64.5% 20.1% 40%
2005 49.4% 60.6% 17% 60.1%
2004 48.8% 58.9% 17.8% 50.8%
2003 49.2% 58.2% 18.6% 63.2%
2002 51% 55.6% 18.6% 63.4%
2001 47.2% 52.2% 20.8% 99.8%
2000 47.3% 55.6% 17.2% 95.8%
1999 48.9% 60.3% 15.6% 94.7%
1998 50.7% 60.4% 14.9% -
1997 49.5% 62.2% 16.5% -
1996 50.9% 71.2% 14.9% -
1995 55% 83.9% 18.8% -
1994 - 86.2% 22.9% -
1993 - 87.2% 20.7% -
1992 - 76.5% 21.1% -
1991 - 74.2% 17.3% -
1990 - 63.7% 21% -
1989 - 70.7% 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1994, retrieved 2026-02-20).

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

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 93.2% in Mozambique, ranking 49/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Mozambique
1x
Year Deficit/surplus, % of GDP
Hungary Mozambique
2024 -4.92% -6.17%
2023 -6.75% -4.26%
2022 -6.17% -5.22%
2021 -7.11% -5.23%
2020 -7.49% -6.19%
2019 -2.02% 1.7%
2018 -2.05% -7.39%
2017 -2.45% -2.9%
2016 -1.79% -5.42%
2015 -2% -6.55%
2014 -2.77% -9.75%
2013 -2.6% -2.46%
2012 -2.33% -3.45%
2011 -5.22% -4.34%
2010 -4.44% -3.5%
2009 -4.76% -4.35%
2008 -3.78% -1.9%
2007 -5.09% -2.19%
2006 -9.27% -3.03%
2005 -7.79% -2.06%
2004 -6.6% -3.17%
2003 -7.19% -2.64%
2002 -8.79% -3.36%
2001 -4% -4.43%
2000 -3.04% -1.26%
1999 -5.27% -0.31%
1998 -7.41% -1.08%
1997 -5.54% -1.81%
1996 -4.36% -2.07%
1995 -8.57% -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

GeoRank.org/economy/hungary/mozambique | 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 Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 30 years, Hungary recorded a fiscal deficit in 30 of those years, while Mozambique ran a deficit in 29 years. On average, Hungary posted an annual deficit equal to 5.05% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Hungary

Mozambique
1x
Year Consumer prices inflation
Hungary Mozambique
2024 3.7% 3.2%
2023 17.1% 7%
2022 14.6% 10.4%
2021 5.11% 6.6%
2020 3.33% 0.9%
2019 3.34% 5.7%
2018 2.85% 3.2%
2017 2.35% 15.8%
2016 0.39% 18.4%
2015 -0.06% 3.6%
2014 -0.23% 2.6%
2013 1.73% 4.3%
2012 5.65% 2.6%
2011 3.93% 11.2%
2010 4.86% 12.4%
2009 4.21% 3.8%
2008 6.04% 14.5%
2007 7.96% 10.4%
2006 3.93% 13.2%
2005 3.56% 6.4%
2004 6.74% 12.6%
2003 4.66% 13.5%
2002 5.27% 16.8%
2001 9.12% 9.1%
2000 9.8% 12.7%
1999 10% 2.9%
1998 14.2% 1.5%
1997 18.3% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Hungary has recorded an average annual inflation rate of 6.16%, compared with 8.31% in Mozambique. In 2024, inflation was 3.7% in Hungary and 3.2% in Mozambique.

Top exports between countries

Hungary
Export category Export value
Animal & marine products $3.5M
Machinery & equipment $1.86M
Textiles & consumer goods $121K
Processed food, beverages & tobacco $49K
Chemicals & pharma $33K
Raw materials & minerals $25K
Metals $4K
Mozambique
Export category Export value
Metals $2.02M
Processed food, beverages & tobacco $480K
Machinery & equipment $57K
Animal & marine products $2K

Balance of trade

Hungary Mozambique
Current account balance
$3.52B
2024
-$2.49B
2024
Current account balance ranking
36/190
2024
150/190
2024
Current account balance, % of GDP
+1.58%
2024
-11%
2024
Goods imports
$130B
2024
$8.38B
2024
Goods exports
$129B
2024
$8.21B
2024
Service imports
$27.9B
2024
$2.11B
2024
Service exports
$38.9B
2024
$1.15B
2024
Imports of goods and services, % of GDP
71.1%
2024
52.8%
2024
Exports of goods and services, % of GDP
75.4%
2024
42.8%
2024

Economic freedom indices

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

Hungary Mozambique
Economic freedom 62.5 49.6
Economic freedom ranking 86/197 164/197
Property rights 67.3 29.7
Government integrity 44 25.1
Judicial effectiveness 61.9 43.4
Tax burden 85.1 75.8
Government spending 30.2 67
Fiscal health 32.7 39.1
Business freedom 70.8 40.2
Labor freedom 56.5 47.7
Monetary freedom 72.1 76.2
Trade freedom 79.4 71.2
Investment freedom 80 40
Financial freedom 70 40

Economic freedom comparison by year

Hungary
Mozambique
1x
Year Economic freedom index
Hungary Mozambique
2026 62.5 49.6
2025 61.4 50.7
2024 61.2 50.7
2023 64.1 52.5
2022 66.9 51.3
2021 67.2 51.6
2020 66.4 50.5
2019 65 48.6
2018 66.7 46.3
2017 65.8 49.9
2016 66 53.2
2015 66.8 54.8
2014 67 55
2013 67.3 55
2012 67.1 57.1
2011 66.6 56.8
2010 66.1 56
2009 66.8 55.7
2008 67.6 55.4
2007 64.8 54.7
2006 65 51.9
2005 63.5 54.6
2004 62.7 57.2
2003 63 58.6
2002 64.5 57.7
2001 65.6 59.2
2000 64.4 52.2
1999 59.6 48.9
1998 56.9 43
1997 55.3 44
1996 56.8 48.4
1995 55.2 45.5

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Mozambique
Services, % of GDP
59.5%
2024
41.1%
2024
Industry, % of GDP
23.7%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
25.2%
2024
GNI, Atlas method
$199B
2024
$19.1B
2024
GNI per capita, PPP
$47,290
2024
$1,520
2024
Total reserves including gold
$46.4B
2024
$3.84B
2024
Total reserves ranking
42/177
2024
108/177
2024
Net foreign direct investment
-$15.8B
2024
-$3.55B
2024
Net inflows of foreign direct investment
-$62.2B
2024
$3.51B
2024
Net outflows of foreign direct investment
-$78B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
12.1%
2021
65%
2022
Gross capital formation, % of GDP
23.5%
2024
17.7%
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/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2020–2024, 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.