Skip to content

Economy of Hungary vs Seychelles compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $2.17B for the Seychelles, ranking 55/197 and 178/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Hungary vs Seychelles GDP by year

Hungary
Seychelles
1x
Year GDP, current $
Hungary Seychelles
2024 $222,722,738,926 $2,167,239,562
2023 $213,240,316,635 $2,187,379,755
2022 $177,002,580,544 $2,018,346,589
2021 $183,282,685,440 $1,487,173,795
2020 $158,468,487,754 $1,382,551,752
2019 $164,936,682,034 $1,868,690,097
2018 $161,184,691,014 $1,784,313,927
2017 $143,335,098,992 $1,675,370,641
2016 $128,983,560,865 $1,568,513,348
2015 $125,244,126,623 $1,432,403,352
2014 $141,128,696,412 $1,387,577,870
2013 $135,646,053,779 $1,333,160,407
2012 $128,470,269,690 $1,089,407,839
2011 $141,712,804,954 $1,058,918,707
2010 $131,898,737,241 $981,616,542
2009 $130,807,441,076 $850,901,620
2008 $158,228,265,916 $979,597,394
2007 $140,123,326,896 $1,077,308,814
2006 $115,604,111,412 $1,081,441,283
2005 $113,098,237,571 $977,899,382
2004 $104,015,363,080 $893,012,218
2003 $85,190,469,121 $750,847,230
2002 $67,636,468,625 $742,134,838
2001 $53,800,068,066 $662,064,156
2000 $47,275,954,429 $654,212,394
1999 $49,160,204,397 $662,838,615
1998 $48,784,412,624 $647,287,376
1997 $47,398,564,799 $598,966,982
1996 $46,833,767,124 $535,250,347
1995 $46,577,614,589 $540,733,048
1994 $43,307,949,890 $517,570,058
1993 $40,256,233,360 $504,230,621
1992 $38,857,339,125 $461,409,399
1991 $34,867,307,353 $398,307,170
1990 $34,478,360,679 $392,163,561
1989 $30,422,508,938 $324,333,367
1988 $29,799,838,597 $301,985,618
1987 $27,232,016,527 $265,212,957
1986 $24,778,163,812 $221,147,061
1985 $21,510,643,750 $179,691,483
1984 $21,242,726,264 $160,992,921
1983 $21,910,365,258 $156,098,237
1982 $24,141,667,188 $157,211,790
1981 $23,705,883,892 $163,750,728
1980 $23,116,977,148 $156,783,830
1979 $19,959,731,325 $127,261,099
1978 $17,286,744,154 $85,552,366
1977 $14,783,674,055 $64,526,401
1976 $13,235,612,079 $49,278,982
1975 $11,420,392,515 $47,803,146
1974 $10,016,338,179 $43,134,496
1973 $9,138,292,402 $36,896,280
1972 $7,379,313,742 $30,645,123
1971 $6,291,568,221 $21,965,951
1970 $5,780,929,203 $18,432,032
1969 $5,429,812,387 $16,452,028
1968 $4,886,222,555 $16,074,028
1967 - $16,632,032
1966 - $16,443,034
1965 - $15,603,032
1964 - $15,393,032
1963 - $13,923,029
1962 - $12,642,026
1961 - $11,592,024
1960 - $12,012,025

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

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

GDP per capita in Hungary vs Seychelles by year

Hungary
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 $17,859 $33,239
2023 $22,231 $46,592 $18,263 $31,781
2022 $18,428 $44,366 $16,837 $29,973
2021 $19,031 $38,887 $14,983 $29,980
2020 $16,387 $35,584 $14,041 $31,056
2019 $17,013 $35,627 $19,142 $34,219
2018 $16,605 $32,258 $18,440 $32,091
2017 $14,736 $29,728 $17,480 $30,675
2016 $13,216 $28,179 $16,567 $28,811
2015 $12,783 $26,938 $15,333 $25,435
2014 $14,353 $25,796 $15,188 $24,985
2013 $13,739 $24,592 $14,821 $22,487
2012 $12,950 $23,205 $12,337 $22,264
2011 $14,211 $22,992 $12,110 $21,781
2010 $13,190 $21,691 $10,935 $18,982
2009 $13,051 $20,691 $9,747 $18,453
2008 $15,763 $20,709 $11,265 $18,881
2007 $13,935 $19,089 $12,669 $19,473
2006 $11,478 $18,362 $12,783 $17,503
2005 $11,212 $17,091 $11,802 $15,846
2004 $10,291 $16,251 $10,828 $14,160
2003 $8,410 $15,460 $9,070 $14,142
2002 $6,658 $14,532 $8,864 $14,570
2001 $5,281 $13,223 $8,153 $14,615
2000 $4,630 $11,872 $8,064 $14,638
1999 $4,802 $10,892 $8,243 $13,853
1998 $4,752 $10,415 $8,210 $13,675
1997 $4,606 $9,846 $7,747 $13,458
1996 $4,542 $9,388 $7,004 $11,931
1995 $4,509 $9,222 $7,181 $10,809
1994 $4,187 $8,888 $6,975 $10,692
1993 $3,887 $8,441 $6,979 $11,020
1992 $3,747 $8,284 $6,520 $10,243
1991 $3,361 $8,352 $5,655 $9,387
1990 $3,324 $9,169 $5,642 $8,955
1989 $2,902 - $4,689 -
1988 $2,812 - $4,392 -
1987 $2,566 - $3,872 -
1986 $2,331 - $3,368 -
1985 $2,020 - $2,754 -
1984 $1,991 - $2,488 -
1983 $2,050 - $2,426 -
1982 $2,255 - $2,441 -
1981 $2,213 - $2,557 -
1980 $2,158 - $2,478 -
1979 $1,865 - $2,030 -
1978 $1,618 - $1,377 -
1977 $1,388 - $1,044 -
1976 $1,249 - $814 -
1975 $1,083 - $806 -
1974 $956 - $745 -
1973 $876 - $649 -
1972 $710 - $547 -
1971 $607 - $402 -
1970 $559 - $344 -
1969 $527 - $314 -
1968 $476 - $314 -
1967 - - $333 -
1966 - - $338 -
1965 - - $328 -
1964 - - $332 -
1963 - - $308 -
1962 - - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

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

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

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while the Seychelles ranks 67th at $33,239.

Economic indicators

Hungary Seychelles
Gross domestic product
$223B
2024
$2.17B
2024
GDP rank
55/197
2024
178/197
2024
GDP growth
0.56%
2023-2024
3.47%
2023-2024
GDP per capita
$23,292
2024
$17,859
2024
GDP per capita rank
55/197
2024
63/197
2024
GDP per capita, PPP
$48,552
2024
$33,239
2024
GDP per capita PPP rank
48/197
2024
67/197
2024
Government debt
$164B
2024
$1.25B
2024
Debt-to-GDP ratio
73.5%
2024
57.6%
2024
Government debt per person
$17,109
2024
$10,288
2024
Government debt per person rank
37/185
2024
57/185
2024
Average annual personal income after taxes
$16,996
2026
$10,944
2026
Market capitalization of domestic companies
$41.5B
2024
$811M
2024
Number of millionaires
24,692
2025
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
23.9%
2018
Income share by poorest 10%
2.8%
2022
2.6%
2018
Government expenditure, % of GDP
46.9%
2024
33.8%
2024
Consumer prices inflation
3.7%
2023-2024
0.31%
2023-2024
Central bank interest rate
6.5%
2024
1.75%
2024
Unemployment rate
4.47%
2024
2.59%
2024
Population
9475525
126311

Spending and national debt comparison by year

Hungary
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Hungary Seychelles
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 33.8% 57.6%
2023 49.2% 73% 32.9% 55.3%
2022 48.7% 73.9% 31.3% 60%
2021 48.1% 76.2% 38.8% 71%
2020 51% 78.7% 46.7% 77.4%
2019 45.8% 65% 31.7% 48.9%
2018 45.9% 68.8% 33% 51.3%
2017 46.6% 72% 34.3% 56.7%
2016 46.7% 74.6% 34.5% 62.8%
2015 50.4% 75.7% 31.5% 64.7%
2014 50% 76.5% 33.4% 70.4%
2013 50.1% 77.2% 37.8% 68.2%
2012 49.2% 78.4% 38.6% 80.1%
2011 49.1% 80.5% 36.4% 82.5%
2010 48.9% 80.2% 34.6% 82.2%
2009 50.7% 78.2% 32.1% 106.1%
2008 48.8% 71.8% 27% 192.1%
2007 49.9% 65.6% 41.9% 144%
2006 51.4% 64.5% 43.6% 135.1%
2005 49.4% 60.6% 39% 144.1%
2004 48.8% 58.9% 39.9% 163.2%
2003 49.2% 58.2% 44.6% 177%
2002 51% 55.6% 56.3% 195.9%
2001 47.2% 52.2% 46.8% 199.8%
2000 47.3% 55.6% 55.4% 177.8%
1999 48.9% 60.3% 56.1% 159.8%
1998 50.7% 60.4% 60.7% 161.2%
1997 49.5% 62.2% 54.7% 143%
1996 50.9% 71.2% 59.1% 146.7%
1995 55% 83.9% 53.1% 133.5%
1994 - 86.2% 63.6% 123.5%
1993 - 87.2% 60.4% 82.2%
1992 - 76.5% 50.7% 79.9%
1991 - 74.2% 52.1% 89.2%
1990 - 63.7% 46.1% 80.4%
1989 - 70.7% 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1994, retrieved 2026-02-20).

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

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 57.6% in the Seychelles, ranking 49/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Seychelles
1x
Year Deficit/surplus, % of GDP
Hungary Seychelles
2024 -4.92% -0.69%
2023 -6.75% -1.14%
2022 -6.17% -0.76%
2021 -7.11% -5.76%
2020 -7.49% -15.7%
2019 -2.02% 0.42%
2018 -2.05% -0.8%
2017 -2.45% -1.67%
2016 -1.79% 0.02%
2015 -2% 1.39%
2014 -2.77% 2.87%
2013 -2.6% 0.33%
2012 -2.33% 2.93%
2011 -5.22% 3.36%
2010 -4.44% 0.52%
2009 -4.76% 4.84%
2008 -3.78% 7.88%
2007 -5.09% -9.93%
2006 -9.27% -2.54%
2005 -7.79% 0.42%
2004 -6.6% 0.44%
2003 -7.19% 3.4%
2002 -8.79% -16.3%
2001 -4% -8.93%
2000 -3.04% -14.7%
1999 -5.27% -10.3%
1998 -7.41% -16.7%
1997 -5.54% -5.91%
1996 -4.36% -9.69%
1995 -8.57% -2.58%
1994 - -6.95%
1993 - -3.62%
1992 - 6.44%
1991 - 3.15%
1990 - 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

GeoRank.org/economy/hungary/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 30 years, Hungary recorded a fiscal deficit in 30 of those years, while the Seychelles ran a deficit in 17 years. On average, Hungary posted an annual deficit equal to 5.05% of GDP, compared to deficit of 3.18% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Hungary

Seychelles
1x
Year Consumer prices inflation
Hungary Seychelles
2024 3.7% 0.31%
2023 17.1% -1.04%
2022 14.6% 2.63%
2021 5.11% 9.77%
2020 3.33% 1.2%
2019 3.34% 1.81%
2018 2.85% 3.7%
2017 2.35% 2.86%
2016 0.39% -1.02%
2015 -0.06% 4.04%
2014 -0.23% 1.39%
2013 1.73% 4.34%
2012 5.65% 7.11%
2011 3.93% 2.56%
2010 4.86% -2.4%
2009 4.21% 31.8%
2008 6.04% 37%
2007 7.96% 5.32%
2006 3.93% -0.35%
2005 3.56% 0.91%
2004 6.74% 3.86%
2003 4.66% 3.3%
2002 5.27% 0.18%
2001 9.12% 5.97%
2000 9.8% 6.27%
1999 10% 6.35%
1998 14.2% 2.58%
1997 18.3% 0.62%

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

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

Over the past 28 years, Hungary has recorded an average annual inflation rate of 6.16%, compared with 5.03% in the Seychelles. In 2024, inflation was 3.7% in Hungary and 0.31% in the Seychelles.

Top exports between countries

Hungary
Export category Export value
Textiles & consumer goods $384K
Processed food, beverages & tobacco $275K
Machinery & equipment $173K
Raw materials & minerals $66K
Animal & marine products $21K
Miscellaneous $14K
Chemicals & pharma $9K
Metals $2K
Raw agricultural goods $1K
Wood & paper products $1K
Seychelles
Export category Export value
Machinery & equipment $19K
Wood & paper products $2K
Metals $1K

Balance of trade

Hungary Seychelles
Current account balance
$3.52B
2024
-$176M
2024
Current account balance ranking
36/190
2024
97/190
2024
Current account balance, % of GDP
+1.58%
2024
-8.11%
2024
Goods imports
$130B
2024
$1.39B
2024
Goods exports
$129B
2024
$595M
2024
Service imports
$27.9B
2024
$1B
2024
Service exports
$38.9B
2024
$1.71B
2024
Imports of goods and services, % of GDP
71.1%
2024
103.2%
2024
Exports of goods and services, % of GDP
75.4%
2024
85.2%
2024

Economic freedom indices

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

Hungary Seychelles
Economic freedom 62.5 66.5
Economic freedom ranking 86/197 60/197
Property rights 67.3 82.6
Government integrity 44 71.7
Judicial effectiveness 61.9 61.7
Tax burden 85.1 77.3
Government spending 30.2 68
Fiscal health 32.7 92.2
Business freedom 70.8 71.3
Labor freedom 56.5 52
Monetary freedom 72.1 79.8
Trade freedom 79.4 81.2
Investment freedom 80 30
Financial freedom 70 30

Economic freedom comparison by year

Hungary
Seychelles
1x
Year Economic freedom index
Hungary Seychelles
2026 62.5 66.5
2025 61.4 66.4
2024 61.2 60.4
2023 64.1 59.5
2022 66.9 61.1
2021 67.2 66.3
2020 66.4 64.3
2019 65 61.4
2018 66.7 61.6
2017 65.8 61.8
2016 66 62.2
2015 66.8 57.5
2014 67 56.2
2013 67.3 54.9
2012 67.1 53
2011 66.6 51.2
2010 66.1 47.9
2009 66.8 47.8
2008 67.6 -
2007 64.8 -
2006 65 -
2005 63.5 -
2004 62.7 -
2003 63 -
2002 64.5 -
2001 65.6 -
2000 64.4 -
1999 59.6 -
1998 56.9 -
1997 55.3 -
1996 56.8 -
1995 55.2 -

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Seychelles
Services, % of GDP
59.5%
2024
65.8%
2024
Industry, % of GDP
23.7%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
2.45%
2024
GNI, Atlas method
$199B
2024
$2.12B
2024
GNI per capita, PPP
$47,290
2024
$32,180
2024
Total reserves including gold
$46.4B
2024
$774M
2024
Total reserves ranking
42/177
2024
145/177
2024
Net foreign direct investment
-$15.8B
2024
-$262M
2024
Net inflows of foreign direct investment
-$62.2B
2024
$226M
2024
Net outflows of foreign direct investment
-$78B
2024
-$35.4M
2024
Poverty at national poverty lines
12.1%
2021
25.3%
2018
Gross capital formation, % of GDP
23.5%
2024
17.2%
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/seychelles | 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 (1960–2024, 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 (2021–2024, 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.

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.