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Economy of Hungary vs Myanmar compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $74.1B for Myanmar, ranking 55/197 and 85/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Hungary vs Myanmar GDP by year

Hungary
Myanmar
1x
Year GDP, current $
Hungary Myanmar
2024 $222,722,738,926 $74,068,349,524
2023 $213,240,316,635 $66,757,619,000
2022 $177,002,580,544 $62,253,049,903
2021 $183,282,685,440 $66,345,291,149
2020 $158,468,487,754 $79,006,113,670
2019 $164,936,682,034 $75,065,106,243
2018 $161,184,691,014 $67,860,515,993
2017 $143,335,098,992 $66,053,040,475
2016 $128,983,560,865 $63,298,361,984
2015 $125,244,126,623 $59,607,290,408
2014 $141,128,696,412 $65,531,374,210
2013 $135,646,053,779 $60,269,732,855
2012 $128,470,269,690 $59,937,796,648
2011 $141,712,804,954 $59,977,326,086
2010 $131,898,737,241 $49,540,813,342
2009 $130,807,441,076 $36,906,181,381
2008 $158,228,265,916 $31,862,554,102
2007 $140,123,326,896 $20,182,477,481
2006 $115,604,111,412 $14,502,553,710
2005 $113,098,237,571 $11,986,972,419
2004 $104,015,363,080 $10,567,354,056
2003 $85,190,469,121 $10,467,109,978
2002 $67,636,468,625 $6,777,632,512
2001 $53,800,068,066 $6,477,790,688
2000 $47,275,954,429 $8,905,066,164
1999 $49,160,204,397 $8,486,832,801
1998 $48,784,412,624 $6,459,461,639
1997 $47,398,564,799 $4,722,288,496
1996 $46,833,767,124 $6,123,556,717
1995 $46,577,614,589 $5,289,174,943
1994 $43,307,949,890 $4,432,257,174
1993 $40,256,233,360 $3,163,020,035
1992 $38,857,339,125 $2,411,552,289
1991 $34,867,307,353 $2,069,832,687
1990 $34,478,360,679 $2,115,193,513
1989 $30,422,508,938 $2,013,448,229
1988 $29,799,838,597 $1,541,088,312
1987 $27,232,016,527 $1,562,448,077
1986 $24,778,163,812 $1,582,873,750
1985 $21,510,643,750 $1,478,908,173
1984 $21,242,726,264 $1,304,063,253
1983 $21,910,365,258 $1,381,573,615
1982 $24,141,667,188 $1,481,165,468
1981 $23,705,883,892 $1,111,000,765
1980 $23,116,977,148 $1,038,225,167
1979 $19,959,731,325 $952,265,043
1978 $17,286,744,154 $935,408,775
1977 $14,783,674,055 $873,579,932
1976 $13,235,612,079 $1,204,699,849
1975 $11,420,392,515 $1,061,107,354
1974 $10,016,338,179 $1,225,589,878
1973 $9,138,292,402 $719,754,655
1972 $7,379,313,742 $662,213,083
1971 $6,291,568,221 $587,448,405
1970 $5,780,929,203 $563,555,631
1969 $5,429,812,387 $571,854,215
1968 $4,886,222,555 $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Hungary vs Myanmar by year

Hungary
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 $1,359 $5,997
2023 $22,231 $46,592 $1,233 $5,953
2022 $18,428 $44,366 $1,158 $5,732
2021 $19,031 $38,887 $1,243 $5,178
2020 $16,387 $35,584 $1,490 $5,741
2019 $17,013 $35,627 $1,426 $6,101
2018 $16,605 $32,258 $1,298 $5,581
2017 $14,736 $29,728 $1,273 $4,706
2016 $13,216 $28,179 $1,229 $4,460
2015 $12,783 $26,938 $1,167 $4,459
2014 $14,353 $25,796 $1,293 $4,376
2013 $13,739 $24,592 $1,199 $4,144
2012 $12,950 $23,205 $1,203 $3,845
2011 $14,211 $22,992 $1,214 $3,579
2010 $13,190 $21,691 $1,011 $3,348
2009 $13,051 $20,691 $758 $3,040
2008 $15,763 $20,709 $658 $2,748
2007 $13,935 $19,089 $419 $2,459
2006 $11,478 $18,362 $303 $2,153
2005 $11,212 $17,091 $252.7 $1,860
2004 $10,291 $16,251 $224.5 $1,601
2003 $8,410 $15,460 $224.3 $1,385
2002 $6,658 $14,532 $146.6 $1,204
2001 $5,281 $13,223 $141.5 $1,069
2000 $4,630 $11,872 $196.6 $949
1999 $4,802 $10,892 $189.5 $825
1998 $4,752 $10,415 $146 $742
1997 $4,606 $9,846 $108 $702
1996 $4,542 $9,388 $141.9 $661
1995 $4,509 $9,222 $124.1 $618
1994 $4,187 $8,888 $105.4 $573
1993 $3,887 $8,441 $76.2 $529
1992 $3,747 $8,284 $58.9 $494
1991 $3,361 $8,352 $51.2 $447
1990 $3,324 $9,169 $53.1 $441
1989 $2,902 - $51.3 -
1988 $2,812 - $39.9 -
1987 $2,566 - $41.1 -
1986 $2,331 - $42.4 -
1985 $2,020 - $40.4 -
1984 $1,991 - $36.3 -
1983 $2,050 - $39.3 -
1982 $2,255 - $43 -
1981 $2,213 - $32.8 -
1980 $2,158 - $31.2 -
1979 $1,865 - $29.2 -
1978 $1,618 - $29.3 -
1977 $1,388 - $27.9 -
1976 $1,249 - $39.2 -
1975 $1,083 - $35.2 -
1974 $956 - $41.4 -
1973 $876 - $24.8 -
1972 $710 - $23.3 -
1971 $607 - $21.1 -
1970 $559 - $20.7 -
1969 $527 - $21.5 -
1968 $476 - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Myanmar ranks 153rd at $5,997.

Economic indicators

Hungary Myanmar
Gross domestic product
$223B
2024
$74.1B
2024
GDP rank
55/197
2024
85/197
2024
GDP growth
0.56%
2023-2024
-0.97%
2023-2024
GDP per capita
$23,292
2024
$1,359
2024
GDP per capita rank
55/197
2024
165/197
2024
GDP per capita, PPP
$48,552
2024
$5,997
2024
GDP per capita PPP rank
48/197
2024
153/197
2024
Government debt
$164B
2024
$44B
2024
Debt-to-GDP ratio
73.5%
2024
59.3%
2024
Government debt per person
$17,109
2024
$806
2024
Government debt per person rank
37/185
2024
150/185
2024
Average annual personal income after taxes
$16,996
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
2.8%
2022
3.8%
2017
Government expenditure, % of GDP
46.9%
2024
20.7%
2024
Consumer prices inflation
3.7%
2023-2024
8.83%
2018-2019
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
4.47%
2024
1.48%
2020
Population
9475525
55292116

Spending and national debt comparison by year

Hungary
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Hungary Myanmar
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 20.7% 59.3%
2023 49.2% 73% 21.4% 59.1%
2022 48.7% 73.9% 21.3% 56.1%
2021 48.1% 76.2% 20.9% 63.4%
2020 51% 78.7% 21.3% 49.1%
2019 45.8% 65% 20.5% 37.6%
2018 45.9% 68.8% 18.7% 39.9%
2017 46.6% 72% 19.7% 41.9%
2016 46.7% 74.6% 21.3% 35.7%
2015 50.4% 75.7% 23.7% 36.6%
2014 50% 76.5% 24.7% 34.5%
2013 50.1% 77.2% 23.9% 44.8%
2012 49.2% 78.4% 20% 48%
2011 49.1% 80.5% 15.6% 49.9%
2010 48.9% 80.2% 15.8% 54.4%
2009 50.7% 78.2% 14.4% 56.4%
2008 48.8% 71.8% 14.4% 59.8%
2007 49.9% 65.6% 15.7% 77.4%
2006 51.4% 64.5% 15.6% 103.1%
2005 49.4% 60.6% 14.6% 119%
2004 48.8% 58.9% 14.6% 126.6%
2003 49.2% 58.2% 14.3% 146%
2002 51% 55.6% 15.3% 190.6%
2001 47.2% 52.2% 19.1% 262%
2000 47.3% 55.6% 21.4% 164.5%
1999 48.9% 60.3% 22.8% 150.7%
1998 50.7% 60.4% 25.2% 208.6%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

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

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 59.3% in Myanmar, ranking 49/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Myanmar
1x
Year Deficit/surplus, % of GDP
Hungary Myanmar
2024 -4.92% -5.06%
2023 -6.75% -5.18%
2022 -6.17% -2.82%
2021 -7.11% -2.47%
2020 -7.49% -6.5%
2019 -2.02% -4.7%
2018 -2.05% -2.77%
2017 -2.45% -3.42%
2016 -1.79% -2.53%
2015 -2% -4.33%
2014 -2.77% -1.06%
2013 -2.6% -1.53%
2012 -2.33% -2.7%
2011 -5.22% -4.82%
2010 -4.44% -5.4%
2009 -4.76% -3.55%
2008 -3.78% -2.73%
2007 -5.09% -3.52%
2006 -9.27% -3.42%
2005 -7.79% -3.49%
2004 -6.6% -4.62%
2003 -7.19% -4.24%
2002 -8.79% -4.01%
2001 -4% -6.34%
2000 -3.04% -6.03%
1999 -5.27% -4.46%
1998 -7.41% -4.89%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

GeoRank.org/economy/hungary/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Hungary recorded a fiscal deficit in 27 of those years, while Myanmar ran a deficit in 27 years. On average, Hungary posted an annual deficit equal to 4.93% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Hungary

Myanmar
1x
Year Consumer prices inflation
Hungary Myanmar
2024 3.7% -
2023 17.1% -
2022 14.6% -
2021 5.11% -
2020 3.33% -
2019 3.34% 8.83%
2018 2.85% 6.87%
2017 2.35% 4.57%
2016 0.39% 6.93%
2015 -0.06% 9.45%
2014 -0.23% 4.95%
2013 1.73% 5.64%
2012 5.65% 1.47%
2011 3.93% 5.02%
2010 4.86% 7.72%
2009 4.21% 1.47%
2008 6.04% 26.8%
2007 7.96% 35%
2006 3.93% 20%
2005 3.56% 9.37%
2004 6.74% 4.53%
2003 4.66% 36.6%
2002 5.27% 57.1%
2001 9.12% 21.1%
2000 9.8% -0.11%
1999 10% 18.4%
1998 14.2% 51.5%
1997 18.3% 29.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, Hungary has recorded an average annual inflation rate of 5.59%, compared with 16.2% in Myanmar. In 2019, inflation was 3.7% in Hungary and 8.83% in Myanmar.

Top exports between countries

Hungary
Export category Export value
Animal & marine products $738K
Machinery & equipment $112K
Textiles & consumer goods $79K
Processed food, beverages & tobacco $47K
Chemicals & pharma $38K
Metals $34K
Raw materials & minerals $16K
Miscellaneous $12K
Myanmar
Export category Export value
Raw agricultural goods $1.66M
Textiles & consumer goods $654K
Metals $26K
Processed food, beverages & tobacco $16K
Machinery & equipment $9K
Miscellaneous $1K

Balance of trade

Hungary Myanmar
Current account balance
$3.52B
2024
$67.7M
2019
Current account balance ranking
36/190
2024
71/190
2019
Current account balance, % of GDP
+1.58%
2024
+0.09%
2019
Goods imports
$130B
2024
$13.7B
2019
Goods exports
$129B
2024
$10.8B
2019
Service imports
$27.9B
2024
$3.66B
2019
Service exports
$38.9B
2024
$6.68B
2019
Imports of goods and services, % of GDP
71.1%
2024
n/a
Exports of goods and services, % of GDP
75.4%
2024
24.3%
2025

Economic freedom indices

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

Hungary Myanmar
Economic freedom 62.5 44.5
Economic freedom ranking 86/197 180/197
Property rights 67.3 5.7
Government integrity 44 18.1
Judicial effectiveness 61.9 3.9
Tax burden 85.1 88.6
Government spending 30.2 86.6
Fiscal health 32.7 62.7
Business freedom 70.8 37.9
Labor freedom 56.5 53.2
Monetary freedom 72.1 57.5
Trade freedom 79.4 69.4
Investment freedom 80 30
Financial freedom 70 20

Economic freedom comparison by year

Hungary
Myanmar
1x
Year Economic freedom index
Hungary Myanmar
2026 62.5 44.5
2025 61.4 43.7
2024 61.2 42.2
2023 64.1 46.5
2022 66.9 49.6
2021 67.2 55.2
2020 66.4 54
2019 65 53.6
2018 66.7 53.9
2017 65.8 52.5
2016 66 48.7
2015 66.8 46.9
2014 67 46.5
2013 67.3 39.2
2012 67.1 38.7
2011 66.6 37.8
2010 66.1 36.7
2009 66.8 37.7
2008 67.6 39.5
2007 64.8 41
2006 65 40
2005 63.5 40.5
2004 62.7 43.6
2003 63 44.9
2002 64.5 45.5
2001 65.6 46.1
2000 64.4 47.9
1999 59.6 46.4
1998 56.9 45.7
1997 55.3 45.4
1996 56.8 45.1
1995 55.2 -

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Myanmar
Services, % of GDP
59.5%
2024
41.4%
2024
Industry, % of GDP
23.7%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
20.8%
2024
GNI, Atlas method
$199B
2024
$65.9B
2024
GNI per capita, PPP
$47,290
2024
$5,890
2024
Total reserves including gold
$46.4B
2024
$9.34B
2023
Total reserves ranking
42/177
2024
81/177
2023
Net foreign direct investment
-$15.8B
2024
-$1.74B
2019
Net inflows of foreign direct investment
-$62.2B
2024
$1.1B
2024
Net outflows of foreign direct investment
-$78B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines
12.1%
2021
24.8%
2017
Gross capital formation, % of GDP
23.5%
2024
n/a

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/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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.