Skip to content

Economy of Hungary vs Qatar compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $216B for Qatar, ranking 55/197 and 56/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Hungary vs Qatar GDP by year

Hungary
Qatar
1x
Year GDP, current $
Hungary Qatar
2025 $246,490,213,513 $215,559,615,385
2024 $222,848,211,034 $216,294,505,495
2023 $213,029,511,029 $213,002,809,341
2022 $177,002,580,544 $235,709,325,714
2021 $183,282,685,440 $179,732,009,560
2020 $158,468,487,754 $144,411,363,352
2019 $164,936,682,034 $176,371,267,692
2018 $161,184,691,014 $183,334,953,819
2017 $143,335,098,992 $161,099,122,225
2016 $128,983,560,865 $151,732,181,868
2015 $125,244,126,623 $161,739,955,577
2014 $141,128,696,412 $206,224,598,571
2013 $135,646,053,779 $198,727,642,967
2012 $128,470,269,690 $186,833,502,363
2011 $141,712,804,954 $167,775,274,725
2010 $131,898,737,241 $125,122,252,747
2009 $130,807,441,076 $97,798,351,648
2008 $158,228,265,916 $115,269,780,220
2007 $140,123,326,896 $79,711,813,187
2006 $115,604,111,412 $60,882,142,857
2005 $113,098,237,571 $44,530,494,505
2004 $104,015,363,080 $31,734,065,934
2003 $85,190,469,121 $23,533,791,209
2002 $67,636,468,625 $19,363,736,264
2001 $53,800,068,066 $17,538,461,538
2000 $47,275,954,429 $17,759,890,110
1999 $49,160,204,397 $12,393,131,868
1998 $48,784,412,624 $10,255,494,505
1997 $47,398,564,799 $11,297,802,198
1996 $46,833,767,124 $9,059,340,659
1995 $46,577,614,589 $8,137,912,088
1994 $43,307,949,890 $7,374,450,549
1993 $40,256,233,360 $7,156,593,407
1992 $38,857,339,125 $7,646,153,846
1991 $34,867,307,353 $6,883,516,484
1990 $34,478,360,679 $7,360,439,560
1989 $30,422,508,938 $6,487,912,088
1988 $29,799,838,597 $6,038,186,813
1987 $27,232,016,527 $5,446,428,571
1986 $24,778,163,812 $5,053,021,978
1985 $21,510,643,750 $6,153,296,703
1984 $21,242,726,264 $6,870,329,670
1983 $21,910,365,258 $6,484,890,110
1982 $24,141,667,188 $7,611,263,736
1981 $23,705,883,892 $8,672,527,473
1980 $23,116,977,148 $7,837,915,956
1979 $19,959,731,325 $5,632,962,997
1978 $17,286,744,154 $4,052,000,413
1977 $14,783,674,055 $3,617,564,638
1976 $13,235,612,079 $3,284,273,987
1975 $11,420,392,515 $2,512,773,166
1974 $10,016,338,179 $2,401,403,227
1973 $9,138,292,402 $793,885,560
1972 $7,379,313,742 $510,262,500
1971 $6,291,568,221 $387,703,106
1970 $5,780,929,203 $301,791,302
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/qatar | CC BY

GDP per capita in Hungary vs Qatar by year

Hungary
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $72,525 -
2024 $23,305 $48,552 $75,685 $126,046
2023 $22,209 $46,592 $80,196 $129,368
2022 $18,428 $44,366 $88,701 $122,921
2021 $19,031 $38,887 $71,752 $116,833
2020 $16,387 $35,584 $51,684 $82,149
2019 $17,013 $35,627 $66,841 $107,503
2018 $16,605 $32,258 $71,040 $110,033
2017 $14,736 $29,728 $63,280 $99,358
2016 $13,216 $28,179 $61,254 $89,935
2015 $12,783 $26,938 $68,985 $102,546
2014 $14,353 $25,796 $95,841 $148,389
2013 $13,739 $24,592 $103,697 $169,203
2012 $12,950 $23,205 $108,470 $180,939
2011 $14,211 $22,992 $103,262 $174,620
2010 $13,190 $21,691 $77,387 $151,646
2009 $13,051 $20,691 $60,786 $125,898
2008 $15,763 $20,709 $80,781 $126,015
2007 $13,935 $19,089 $65,954 $124,056
2006 $11,478 $18,362 $62,582 $127,181
2005 $11,212 $17,091 $53,950 $115,250
2004 $10,291 $16,251 $41,036 $110,958
2003 $8,410 $15,460 $31,602 $94,120
2002 $6,658 $14,532 $27,227 $93,177
2001 $5,281 $13,223 $25,871 $89,805
2000 $4,630 $11,872 $27,535 $88,849
1999 $4,802 $10,892 $20,234 $84,690
1998 $4,752 $10,415 $17,665 $84,486
1997 $4,606 $9,846 $20,523 $79,219
1996 $4,542 $9,388 $17,125 $62,331
1995 $4,509 $9,222 $15,823 $60,321
1994 $4,187 $8,888 $14,765 $59,415
1993 $3,887 $8,441 $14,770 $59,125
1992 $3,747 $8,284 $16,280 $60,387
1991 $3,361 $8,352 $15,133 $54,759
1990 $3,324 $9,169 $16,722 $55,659
1989 $2,902 - $15,243 -
1988 $2,812 - $14,682 -
1987 $2,566 - $13,719 -
1986 $2,331 - $13,213 -
1985 $2,020 - $16,815 -
1984 $1,991 - $19,749 -
1983 $2,050 - $19,669 -
1982 $2,255 - $24,431 -
1981 $2,213 - $29,543 -
1980 $2,158 - $28,407 -
1979 $1,865 - $21,777 -
1978 $1,618 - $16,757 -
1977 $1,388 - $16,058 -
1976 $1,249 - $15,710 -
1975 $1,083 - $13,014 -
1974 $956 - $13,540 -
1973 $876 - $4,905 -
1972 $710 - $3,483 -
1971 $607 - $2,952 -
1970 $559 - $2,594 -
1969 $527 - - -
1968 $476 - - -

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

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Qatar ranks 5th at $126,046.

Economic indicators

Hungary Qatar
Gross domestic product
$246B
2025
$216B
2025
GDP rank
55/197
2025
56/197
2025
GDP growth
0.51%
2024-2025
2.9%
2024-2025
GDP per capita
$25,907
2025
$72,525
2025
GDP per capita rank
52/197
2025
13/197
2025
GDP per capita, PPP
$48,552
2024
$126,046
2024
GDP per capita PPP rank
48/197
2024
5/197
2024
Government debt
$185B
2025
$89.2B
2025
Debt-to-GDP ratio
75.2%
2025
41.4%
2025
Government debt per person
$19,473
2025
$30,009
2025
Government debt per person rank
33/185
2025
24/185
2025
Average annual personal income after taxes
$18,331
2026
$37,042
2026
Market capitalization of domestic companies
$62.6B
2025
$177B
2025
Number of millionaires
27,000
2026
30,000
2026
Number of billionaires
4
2026
2
2026
Income share by richest 10%
24.4%
2022
25.8%
2017
Income share by poorest 10%
2.8%
2022
2.6%
2017
Government expenditure, % of GDP
47.5%
2025
27.1%
2025
Consumer prices inflation
4.41%
2024-2025
0.6%
2024-2025
Central bank interest rate
6.25%
2026
4.1%
2025
Unemployment rate
4.4%
2025
0.1%
2024
Population
9454659
3058826

Spending and national debt comparison by year

Hungary
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Hungary Qatar
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 27.1% 41.4%
2024 46.9% 73.5% 26% 41.3%
2023 49.3% 73.2% 26.7% 42.8%
2022 48.9% 74.1% 24.3% 42.6%
2021 48.1% 76.2% 29.4% 58.4%
2020 51% 78.7% 34.7% 72.6%
2019 45.8% 65% 32.5% 62.1%
2018 45.9% 68.8% 28.9% 52.2%
2017 46.6% 72% 34.7% 51.6%
2016 46.7% 74.6% 40.1% 46.7%
2015 50.4% 75.7% 38.6% 35.5%
2014 50% 76.5% 32.3% 24.9%
2013 50.1% 77.2% 28.3% 30.9%
2012 49.2% 78.4% 31% 32.1%
2011 49.1% 80.5% 28.5% 33.5%
2010 48.9% 80.2% 32% 30.4%
2009 50.7% 78.2% 36.4% 36%
2008 48.8% 71.8% 23.5% 11.4%
2007 49.9% 65.6% 29.5% 9.37%
2006 51.4% 64.5% 29.5% 13.9%
2005 49.4% 60.6% 29% 19.1%
2004 48.8% 58.9% 29.9% 30.1%
2003 49.2% 58.2% 28.5% 38.8%
2002 51% 55.6% 31.6% 47.7%
2001 47.2% 52.2% 32.1% 59.2%
2000 47.3% 55.6% 29.8% 51.6%
1999 48.9% 60.3% 42.4% 81.8%
1998 50.7% 60.4% 55.1% 76.6%
1997 49.5% 62.2% 47.6% 54.4%
1996 50.9% 71.2% 55.2% 57.8%
1995 55% 83.9% 52.2% 50.2%
1994 - 86.2% 59.8% 54.8%
1993 - 87.2% 62.8% 46.3%
1992 - 76.5% 54.2% 19.9%
1991 - 74.2% 57.5% 21.8%
1990 - 63.7% 50% 12.6%
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 41.4% in Qatar, ranking 50/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Qatar
1x
Year Deficit/surplus, % of GDP
Hungary Qatar
2025 -4.68% -1%
2024 -4.9% 0.71%
2023 -6.77% 5.51%
2022 -6.19% 10.4%
2021 -7.11% 0.24%
2020 -7.49% -2.13%
2019 -2.02% 1%
2018 -2.05% 2.26%
2017 -2.45% -6.82%
2016 -1.79% -9.2%
2015 -2% 18.4%
2014 -2.77% 13.4%
2013 -2.6% 19.3%
2012 -2.33% 8.55%
2011 -5.22% 5.24%
2010 -4.44% 4.6%
2009 -4.76% 14.1%
2008 -3.78% 9.49%
2007 -5.09% 10.3%
2006 -9.27% 8.39%
2005 -7.79% 9.8%
2004 -6.6% 17.7%
2003 -7.19% 6.71%
2002 -8.79% 7.89%
2001 -4% 4.48%
2000 -3.04% 4.62%
1999 -5.27% -4.35%
1998 -7.41% -7%
1997 -5.54% -9.4%
1996 -4.36% -8.73%
1995 -8.57% -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/hungary/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Qatar ran a deficit in 9 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to surplus of 4.15% of GDP for Qatar.

Inflation comparison by year

Inflation
Hungary

Qatar
1x
Year Consumer prices inflation
Hungary Qatar
2025 4.41% 0.6%
2024 3.7% 1.2%
2023 17.1% 3.1%
2022 14.6% 5%
2021 5.11% 2.3%
2020 3.33% -2.5%
2019 3.34% -0.9%
2018 2.85% 0.1%
2017 2.35% 0.6%
2016 0.39% 2.7%
2015 -0.06% 0.9%
2014 -0.23% 4.2%
2013 1.73% 3.1%
2012 5.65% 1.8%
2011 3.93% 2%
2010 4.86% -2.4%
2009 4.21% -4.9%
2008 6.04% 15.1%
2007 7.96% 13.7%
2006 3.93% 11.7%
2005 3.56% 9%
2004 6.74% 6.8%
2003 4.66% 2.3%
2002 5.27% 0.2%
2001 9.12% 1.7%
2000 9.8% 1.6%
1999 10% 2.2%
1998 14.2% 2.9%
1997 18.3% 2.7%

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

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 2.99% in Qatar. In 2025, inflation was 4.41% in Hungary and 0.6% in Qatar.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $28.5M
Raw materials & minerals $13.8M
Animal & marine products $8.12M
Textiles & consumer goods $4.84M
Processed food, beverages & tobacco $4.28M
Metals $1.86M
Chemicals & pharma $1.04M
Raw agricultural goods $549K
Miscellaneous $406K
Wood & paper products $254K
Qatar
Export category Export value
Machinery & equipment $8.4M
Chemicals & pharma $909K
Metals $68K
Textiles & consumer goods $66K
Raw materials & minerals $40K
Precious metals & jewellery $17K

Balance of trade

Hungary Qatar
Current account balance
$4.08B
2025
$31.9B
2025
Current account balance ranking
34/190
2025
17/190
2025
Current account balance, % of GDP
+1.65%
2025
+14.8%
2025
Goods imports
$139B
2025
$34.3B
2025
Goods exports
$136B
2025
$90B
2025
Service imports
$29.8B
2025
$31.3B
2025
Service exports
$43.1B
2025
$24.4B
2025
Imports of goods and services, % of GDP
68.1%
2025
31.6%
2022
Exports of goods and services, % of GDP
72.6%
2025
68.6%
2022

Economic freedom indices

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

Hungary Qatar
Economic freedom 62.5 70.2
Economic freedom ranking 86/197 37/197
Property rights 67.3 66.2
Government integrity 44 53.5
Judicial effectiveness 61.9 41.5
Tax burden 85.1 99.9
Government spending 30.2 79.9
Fiscal health 32.7 96.6
Business freedom 70.8 68
Labor freedom 56.5 58.5
Monetary freedom 72.1 76
Trade freedom 79.4 81.8
Investment freedom 80 60
Financial freedom 70 60

Economic freedom comparison by year

Hungary
Qatar
1x
Year Economic freedom index
Hungary Qatar
2026 62.5 70.2
2025 61.4 70.2
2024 61.2 68.8
2023 64.1 68.6
2022 66.9 67.7
2021 67.2 72
2020 66.4 72.3
2019 65 72.6
2018 66.7 72.6
2017 65.8 73.1
2016 66 70.7
2015 66.8 70.8
2014 67 71.2
2013 67.3 71.3
2012 67.1 71.3
2011 66.6 70.5
2010 66.1 69
2009 66.8 65.8
2008 67.6 62.2
2007 64.8 62.9
2006 65 62.4
2005 63.5 63.5
2004 62.7 66.5
2003 63 65.9
2002 64.5 61.9
2001 65.6 60
2000 64.4 62
1999 59.6 62
1998 56.9 -
1997 55.3 -
1996 56.8 -
1995 55.2 -

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Qatar
Services, % of GDP
60.1%
2025
47%
2025
Industry, % of GDP
23%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
0.31%
2025
GNI, Atlas method
$227B
2025
$221B
2025
GNI per capita, PPP
$48,630
2025
$126,290
2025
Total reserves including gold
$59.1B
2025
$55.8B
2025
Total reserves ranking
42/177
2025
45/177
2025
Net foreign direct investment
$9.1B
2025
$311M
2025
Net inflows of foreign direct investment
-$61.3B
2024
$460M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$1.56B
2024
Poverty at national poverty lines
12.1%
2021
n/a
Gross capital formation, % of GDP
22.2%
2025
30.6%
2022

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/qatar | 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 (1990–2025, 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.