Hungary vs North Macedonia: Economic Indicators Comparison

Hungary with a GDP of $157.9B ranked the 57th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Hungary and North Macedonia ranked 58th vs 110th and 57th vs 100th, respectively.

Gross Domestic Product & Income

StatHungaryNorth Macedonia
GDP$157.9B$12.7B
GDP growth, 1 year4.9%2.7%
GDP growth, 5-years average3.8%2.6%
Population9.9M2.1M
GDP per capita$16k$6.1k
GDP per capita growth5.3%2.62%
Purchasing Power Parity conversion factor140.4119.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.37
GDP per capita, PPP adjusted$32k$16k
GNI, Atlas method$144.3B$11.4B
GNI per capita$15k$5.5k
GNI, PPP adjusted$291.7B$32.6B
GNI per capita, PPP adjusted$30k$16k

Financial system and Human development

StatHungaryNorth Macedonia
Income Tax Rate15%10%
Corporate Tax Rate19%10%
Inflation, consumer prices2.8%1.5%
Inflation, GDP deflator4.5%4.3%
Unemployment3.7%21.6%
Economic Freedom Index66.469.5
Personal Freedom Index8.898.17
Human Freedom Index8.117.55
Property Rights Index64.862.5
Judical Effectiveness Index45.742.7
Business Freedom Index60.280.6
Fiscal Health Index83.687.7
Labor Freedom Index64.667
Investment Freedom Index8065
Financial Freedom Index7060
Trade Freedom Index86.486.2
Monetary Freedom Index79.977.7
Government Spending Index34.571
Tax Burden Index79.991.5
Government Integrity Index47.542.2
Corruption Perceptions Index4637
Life expectancy at birth, years76.175.6
Suicide mortality rate, per 100,000 people19.17.9
Mortality caused by road traffic injury, per 100,000 people7.86.4
Intentional homicides, per 100,000 people2.51.5
International tourism, number of arrivals17.6M707k

Government debt & reserves

StatHungaryNorth Macedonia
Central government debt, % of GDP69.4%39.5%
External debt stocks, % of GNIN/A72%
External debt stocksN/A$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary incomeN/A16.6%
Adjusted net savings including particulate emission damage, % of GNI13.2%15.4%
Gross savings, % of GDP26.6%33%
Gross capital formation, % of GDP27.2%33%
Total reserves including gold$31.4B$3.3B
Foreign direct investment net inflows-$65.5B$648.7M

Exports, imports and economic structure

StatHungaryNorth Macedonia
Exports of goods and services, % of GDP84.9%60.3%
Imports of goods and services, % of GDP80.6%72.9%
Current account balance (balance of payments)-$677.9M-$25.6M
Revenue excluding grants, % of GDP39.4%26.8%
Grants excluding technical cooperation, BoP$253.3M$133.8M
Personal remittances received$4.2B$344.5M
Industry including construction value added, % of GDP25.4%23.6%
Agriculture, forestry and fishing value added, % of GDP3.6%7.2%
Charges for the use of intellectual property, payments BoP$1.5B$188.8M
Charges for the use of intellectual property, receipts BoP$1.8B$11.8M
Expense, % of GDP41.6%27.9%
Government Expenditure, % of GDP46.7%31.1%

Compare with countries close by GDP per capita

Hungary vs

CountryGDP
per capita
Population
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M