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Economy of Hungary vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $1.28T for Saudi Arabia, ranking 55/197 and 19/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Hungary vs Saudi Arabia GDP by year

Hungary
Saudi Arabia
1x
Year GDP, current $
Hungary Saudi Arabia
2025 $246,490,213,513 $1,276,942,933,333
2024 $222,848,211,034 $1,254,140,800,000
2023 $213,029,511,029 $1,218,584,800,000
2022 $177,002,580,544 $1,239,075,200,000
2021 $183,282,685,440 $982,661,066,667
2020 $158,468,487,754 $767,951,200,000
2019 $164,936,682,034 $888,890,133,333
2018 $161,184,691,014 $886,564,800,000
2017 $143,335,098,992 $741,266,133,333
2016 $128,983,560,865 $689,279,466,667
2015 $125,244,126,623 $693,414,400,000
2014 $141,128,696,412 $787,153,066,667
2013 $135,646,053,779 $769,755,733,333
2012 $128,470,269,690 $751,921,333,333
2011 $141,712,804,954 $680,660,800,000
2010 $131,898,737,241 $528,207,466,667
2009 $130,807,441,076 $429,097,866,667
2008 $158,228,265,916 $519,796,800,000
2007 $140,123,326,896 $415,964,509,673
2006 $115,604,111,412 $376,900,133,511
2005 $113,098,237,571 $328,459,608,764
2004 $104,015,363,080 $258,742,133,333
2003 $85,190,469,121 $215,807,733,333
2002 $67,636,468,625 $189,605,866,667
2001 $53,800,068,066 $184,137,600,000
2000 $47,275,954,429 $189,514,933,333
1999 $49,160,204,397 $161,717,066,667
1998 $48,784,412,624 $146,775,466,667
1997 $47,398,564,799 $165,963,684,913
1996 $46,833,767,124 $158,662,483,311
1995 $46,577,614,589 $143,343,124,166
1994 $43,307,949,890 $135,174,899,866
1993 $40,256,233,360 $132,967,957,276
1992 $38,857,339,125 $137,087,850,467
1991 $34,867,307,353 $132,223,230,975
1990 $34,478,360,679 $117,630,173,565
1989 $30,422,508,938 $95,344,459,279
1988 $29,799,838,597 $88,256,074,766
1987 $27,232,016,527 $85,695,861,148
1986 $24,778,163,812 $86,961,922,765
1985 $21,510,643,750 $103,897,846,494
1984 $21,242,726,264 $119,624,858,116
1983 $21,910,365,258 $129,171,635,311
1982 $24,141,667,188 $153,240,313,858
1981 $23,705,883,892 $184,291,360,139
1980 $23,116,977,148 $164,539,660,725
1979 $19,959,731,325 $111,858,444,786
1978 $17,286,744,154 $80,266,516,687
1977 $14,783,674,055 $74,188,986,586
1976 $13,235,612,079 $64,005,665,722
1975 $11,420,392,515 $46,773,208,643
1974 $10,016,338,179 $45,412,957,746
1973 $9,138,292,402 $14,947,435,499
1972 $7,379,313,742 $9,664,267,087
1971 $6,291,568,221 $7,184,806,909
1970 $5,780,929,203 $5,377,333,333
1969 $5,429,812,387 $4,485,777,644
1968 $4,886,222,555 $4,187,777,711
1967 - $3,257,022,223
1966 - $2,920,555,557
1965 - $2,647,955,558
1964 - $2,371,808,713
1963 - $2,207,393,172
1962 - $2,130,606,532
1961 - $1,920,811,284
1960 - $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/hungary/saudi-arabia | CC BY

GDP per capita in Hungary vs Saudi Arabia by year

Hungary
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $34,537 -
2024 $23,305 $48,552 $35,528 $71,375
2023 $22,209 $46,592 $36,157 $71,565
2022 $18,428 $44,366 $38,510 $71,968
2021 $19,031 $38,887 $31,921 $62,690
2020 $16,387 $35,584 $24,339 $47,518
2019 $17,013 $35,627 $29,567 $59,560
2018 $16,605 $32,258 $29,360 $59,378
2017 $14,736 $29,728 $23,929 $53,120
2016 $13,216 $28,179 $22,268 $49,937
2015 $12,783 $26,938 $23,256 $53,931
2014 $14,353 $25,796 $27,805 $62,578
2013 $13,739 $24,592 $27,865 $62,203
2012 $12,950 $23,205 $28,733 $65,034
2011 $14,211 $22,992 $27,127 $64,125
2010 $13,190 $21,691 $22,028 $58,829
2009 $13,051 $20,691 $17,718 $54,787
2008 $15,763 $20,709 $22,320 $57,236
2007 $13,935 $19,089 $18,596 $55,030
2006 $11,478 $18,362 $17,564 $54,639
2005 $11,212 $17,091 $15,976 $53,548
2004 $10,291 $16,251 $13,154 $51,225
2003 $8,410 $15,460 $11,487 $48,078
2002 $6,658 $14,532 $10,586 $45,466
2001 $5,281 $13,223 $10,805 $47,381
2000 $4,630 $11,872 $11,715 $48,644
1999 $4,802 $10,892 $10,452 $47,495
1998 $4,752 $10,415 $9,836 $48,867
1997 $4,606 $9,846 $11,545 $48,796
1996 $4,542 $9,388 $11,472 $48,569
1995 $4,509 $9,222 $10,786 $48,052
1994 $4,187 $8,888 $10,602 $48,904
1993 $3,887 $8,441 $10,885 $49,503
1992 $3,747 $8,284 $11,730 $50,355
1991 $3,361 $8,352 $11,847 $49,295
1990 $3,324 $9,169 $11,055 $46,214
1989 $2,902 - $9,414 -
1988 $2,812 - $9,165 -
1987 $2,566 - $9,386 -
1986 $2,331 - $10,078 -
1985 $2,020 - $12,745 -
1984 $1,991 - $15,541 -
1983 $2,050 - $17,810 -
1982 $2,255 - $22,454 -
1981 $2,213 - $28,703 -
1980 $2,158 - $27,206 -
1979 $1,865 - $19,612 -
1978 $1,618 - $14,914 -
1977 $1,388 - $14,595 -
1976 $1,249 - $13,313 -
1975 $1,083 - $10,266 -
1974 $956 - $10,503 -
1973 $876 - $3,640 -
1972 $710 - $2,474 -
1971 $607 - $1,929 -
1970 $559 - $1,509 -
1969 $527 - $1,313 -
1968 $476 - $1,276 -
1967 - - $1,032 -
1966 - - $961 -
1965 - - $904 -
1964 - - $840 -
1963 - - $812 -
1962 - - $813 -
1961 - - $760 -
1960 - - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/hungary/saudi-arabia | CC BY

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Hungary Saudi Arabia
Gross domestic product
$246B
2025
$1.28T
2025
GDP rank
55/197
2025
19/197
2025
GDP growth
0.51%
2024-2025
4.5%
2024-2025
GDP per capita
$25,907
2025
$34,537
2025
GDP per capita rank
52/197
2025
36/197
2025
GDP per capita, PPP
$48,552
2024
$71,375
2024
GDP per capita PPP rank
48/197
2024
24/197
2024
Government debt
$185B
2025
$405B
2025
Debt-to-GDP ratio
75.2%
2025
31.7%
2025
Government debt per person
$19,473
2025
$10,956
2025
Government debt per person rank
33/185
2025
57/185
2025
Average annual personal income after taxes
$18,331
2026
$22,010
2026
Market capitalization of domestic companies
$62.6B
2025
$2.36T
2025
Number of millionaires
27,000
2026
348,000
2026
Number of billionaires
4
2026
15
2026
Income share by richest 10%
24.4%
2022
n/a
Income share by poorest 10%
2.8%
2022
n/a
Government expenditure, % of GDP
47.5%
2025
29%
2025
Consumer prices inflation
4.41%
2024-2025
2.08%
2024-2025
Central bank interest rate
6.25%
2026
4.25%
2025
Unemployment rate
4.4%
2025
3.24%
2025
Population
9454659
37955120

Spending and national debt comparison by year

Hungary
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Hungary Saudi Arabia
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 29% 31.7%
2024 46.9% 73.5% 29.2% 25.9%
2023 49.3% 73.2% 28.3% 23%
2022 48.9% 74.1% 25.3% 21.3%
2021 48.1% 76.2% 28.2% 25.5%
2020 51% 78.7% 37.4% 29.7%
2019 45.8% 65% 31.8% 20.3%
2018 45.9% 68.8% 32.4% 16.8%
2017 46.6% 72% 30.9% 15.9%
2016 46.7% 74.6% 33.3% 12.2%
2015 50.4% 75.7% 38.5% 5.47%
2014 50% 76.5% 38.6% 1.5%
2013 50.1% 77.2% 34.5% 2.08%
2012 49.2% 78.4% 32.5% 2.97%
2011 49.1% 80.5% 32.4% 5.31%
2010 48.9% 80.2% 33% 8.43%
2009 50.7% 78.2% 37.1% 14%
2008 48.8% 71.8% 26.7% 12.1%
2007 49.9% 65.6% 29.5% 17.1%
2006 51.4% 64.5% 27.3% 25.8%
2005 49.4% 60.6% 28.2% 37.3%
2004 48.8% 58.9% 31.1% 62.9%
2003 49.2% 58.2% 33.1% 81.6%
2002 51% 55.6% 35.9% 96.4%
2001 47.2% 52.2% 36.9% 93.1%
2000 47.3% 55.6% 33.1% 86.7%
1999 48.9% 60.3% 30.3% 103%
1998 50.7% 60.4% 34.5% 101.5%
1997 49.5% 62.2% 35.6% 76.7%
1996 50.9% 71.2% 33.3% 75.2%
1995 55% 83.9% 32.4% 74.2%
1994 - 86.2% 33.8% 67.9%
1993 - 87.2% 37.7% 58.6%
1992 - 76.5% 41.2% 47.8%
1991 - 74.2% 34.9% 39.4%
1990 - 63.7% 39.3% -
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/saudi-arabia | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 31.7% in Saudi Arabia, ranking 50/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Hungary Saudi Arabia
2025 -4.68% -5.77%
2024 -4.9% -2.46%
2023 -6.77% -1.77%
2022 -6.19% 2.24%
2021 -7.11% -1.99%
2020 -7.49% -10.2%
2019 -2.02% -3.96%
2018 -2.05% -5.21%
2017 -2.45% -8.57%
2016 -1.79% -13.2%
2015 -2% -14.9%
2014 -2.77% -3.4%
2013 -2.6% 5.47%
2012 -2.33% 11.7%
2011 -5.22% 11.4%
2010 -4.44% 4.39%
2009 -4.76% -5.38%
2008 -3.78% 29.8%
2007 -5.09% 11.8%
2006 -9.27% 20.8%
2005 -7.79% 18%
2004 -6.6% 9.72%
2003 -7.19% 1.2%
2002 -8.79% -5.91%
2001 -4% -3.91%
2000 -3.04% 3.18%
1999 -5.27% -5.99%
1998 -7.41% -8.88%
1997 -5.54% -2.51%
1996 -4.36% -3.25%
1995 -8.57% -5.12%
1994 - -8.31%
1993 - -9.33%
1992 - -8.12%
1991 - -3.28%
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 (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/hungary/saudi-arabia | 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 Saudi Arabia's deficit of $73.7B, or 5.77% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Saudi Arabia ran a deficit in 19 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to surplus of 0.56% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Hungary

Saudi Arabia
1x
Year Consumer prices inflation
Hungary Saudi Arabia
2025 4.41% 2.08%
2024 3.7% 1.69%
2023 17.1% 2.33%
2022 14.6% 2.47%
2021 5.11% 3.06%
2020 3.33% 3.37%
2019 3.34% -1.19%
2018 2.85% 2.47%
2017 2.35% -0.83%
2016 0.39% 2.05%
2015 -0.06% 1.22%
2014 -0.23% 2.24%
2013 1.73% 3.51%
2012 5.65% 2.87%
2011 3.93% 5.83%
2010 4.86% 5.34%
2009 4.21% 5.06%
2008 6.04% 9.87%
2007 7.96% 4.17%
2006 3.93% 2.21%
2005 3.56% 0.48%
2004 6.74% 0.52%
2003 4.66% 0.61%
2002 5.27% 0.25%
2001 9.12% -1.12%
2000 9.8% -1.12%
1999 10% -1.33%
1998 14.2% -0.37%
1997 18.3% 0.06%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/hungary/saudi-arabia | CC BY

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 1.99% in Saudi Arabia. In 2025, inflation was 4.41% in Hungary and 2.08% in Saudi Arabia.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $118M
Chemicals & pharma $40.7M
Transport & tourism services $23.5M
Animal & marine products $23.2M
Processed food, beverages & tobacco $17M
Raw materials & minerals $16.5M
Textiles & consumer goods $8.2M
Metals $4.59M
Wood & paper products $4.29M
Business & finance services $2.81M
Saudi Arabia
Export category Export value
Machinery & equipment $42.1M
Chemicals & pharma $14.8M
Textiles & consumer goods $7.38M
Raw materials & minerals $333K
Processed food, beverages & tobacco $137K
Animal & marine products $91K
Miscellaneous $18K
Precious metals & jewellery $13K
Wood & paper products $11K
Raw agricultural goods $7K

Balance of trade

Hungary Saudi Arabia
Current account balance
$4.08B
2025
-$32.7B
2025
Current account balance ranking
34/190
2025
185/190
2025
Current account balance, % of GDP
+1.65%
2025
-2.56%
2025
Goods imports
$139B
2025
$230B
2025
Goods exports
$136B
2025
$311B
2025
Service imports
$29.8B
2025
$129B
2025
Service exports
$43.1B
2025
$69.4B
2025
Imports of goods and services, % of GDP
68.1%
2025
28.2%
2025
Exports of goods and services, % of GDP
72.6%
2025
29.7%
2025

Economic freedom indices

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

Hungary Saudi Arabia
Economic freedom 62.5 65.4
Economic freedom ranking 86/197 65/197
Property rights 67.3 51.4
Government integrity 44 52.7
Judicial effectiveness 61.9 38.2
Tax burden 85.1 99.2
Government spending 30.2 77
Fiscal health 32.7 97.9
Business freedom 70.8 71.2
Labor freedom 56.5 41.8
Monetary freedom 72.1 81.2
Trade freedom 79.4 73.8
Investment freedom 80 50
Financial freedom 70 50

Economic freedom comparison by year

Hungary
Saudi Arabia
1x
Year Economic freedom index
Hungary Saudi Arabia
2026 62.5 65.4
2025 61.4 64.4
2024 61.2 61.9
2023 64.1 58.3
2022 66.9 55.5
2021 67.2 66
2020 66.4 62.4
2019 65 60.7
2018 66.7 59.6
2017 65.8 64.4
2016 66 62.1
2015 66.8 62.1
2014 67 62.2
2013 67.3 60.6
2012 67.1 62.5
2011 66.6 66.2
2010 66.1 64.1
2009 66.8 64.3
2008 67.6 62.5
2007 64.8 60.9
2006 65 63
2005 63.5 63
2004 62.7 60.4
2003 63 63.2
2002 64.5 65.3
2001 65.6 62.2
2000 64.4 66.5
1999 59.6 65.5
1998 56.9 69.3
1997 55.3 68.7
1996 56.8 68.3
1995 55.2 -

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

GeoRank.org/economy/hungary/saudi-arabia | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Saudi Arabia
Services, % of GDP
60.1%
2025
48.9%
2025
Industry, % of GDP
23%
2025
43%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
2.59%
2025
GNI, Atlas method
$227B
2025
$1.33T
2025
GNI per capita, PPP
$48,630
2025
$74,400
2025
Total reserves including gold
$59.1B
2025
$505B
2025
Total reserves ranking
42/177
2025
8/177
2025
Net foreign direct investment
$9.1B
2025
-$5.6B
2025
Net inflows of foreign direct investment
-$61.3B
2024
$21.3B
2024
Net outflows of foreign direct investment
-$76.3B
2024
$27.6B
2024
Poverty at national poverty lines
12.1%
2021
n/a
Gross capital formation, % of GDP
22.2%
2025
31.6%
2025

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/saudi-arabia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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 (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.