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Economy of Hungary vs Sierra Leone compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $7.46B for Sierra Leone, ranking 55/197 and 160/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $3.38B (45.2% of GDP) in Sierra Leone.

Hungary vs Sierra Leone GDP by year

Hungary
Sierra Leone
1x
Year GDP, current $
Hungary Sierra Leone
2025 $246,490,213,513 $7,464,157,904
2024 $222,848,211,034 $6,971,127,234
2023 $213,029,511,029 $6,415,852,766
2022 $177,002,580,544 $7,121,125,277
2021 $183,282,685,440 $7,166,931,483
2020 $158,468,487,754 $6,688,307,706
2019 $164,936,682,034 $6,523,577,590
2018 $161,184,691,014 $6,390,514,689
2017 $143,335,098,992 $5,749,846,528
2016 $128,983,560,865 $6,084,297,211
2015 $125,244,126,623 $6,788,352,975
2014 $141,128,696,412 $7,686,138,791
2013 $135,646,053,779 $7,502,762,863
2012 $128,470,269,690 $6,141,666,509
2011 $141,712,804,954 $4,861,632,885
2010 $131,898,737,241 $4,262,805,967
2009 $130,807,441,076 $3,953,403,098
2008 $158,228,265,916 $4,157,895,298
2007 $140,123,326,896 $3,632,957,611
2006 $115,604,111,412 $3,263,697,467
2005 $113,098,237,571 $2,545,275,313
2004 $104,015,363,080 $2,237,350,687
2003 $85,190,469,121 $2,142,618,046
2002 $67,636,468,625 $1,933,863,911
2001 $53,800,068,066 $1,681,473,894
2000 $47,275,954,429 $635,866,404
1999 $49,160,204,397 $669,386,624
1998 $48,784,412,624 $672,368,187
1997 $47,398,564,799 $850,232,760
1996 $46,833,767,124 $941,709,423
1995 $46,577,614,589 $870,740,292
1994 $43,307,949,890 $911,853,802
1993 $40,256,233,360 $768,867,883
1992 $38,857,339,125 $679,940,814
1991 $34,867,307,353 $779,981,987
1990 $34,478,360,679 $649,644,098
1989 $30,422,508,938 $932,974,420
1988 $29,799,838,597 $1,055,083,933
1987 $27,232,016,527 $660,106,336
1986 $24,778,163,812 $490,181,457
1985 $21,510,643,750 $856,890,459
1984 $21,242,726,264 $1,087,471,862
1983 $21,910,365,258 $995,104,305
1982 $24,141,667,188 $1,295,361,886
1981 $23,705,883,892 $1,114,830,472
1980 $23,116,977,148 $1,100,685,845
1979 $19,959,731,325 $1,109,374,911
1978 $17,286,744,154 $960,728,339
1977 $14,783,674,055 $691,777,584
1976 $13,235,612,079 $594,895,942
1975 $11,420,392,515 $679,336,344
1974 $10,016,338,179 $648,590,643
1973 $9,138,292,402 $575,230,724
1972 $7,379,313,742 $465,381,340
1971 $6,291,568,221 $419,549,305
1970 $5,780,929,203 $434,410,974
1969 $5,429,812,387 $408,690,163
1968 $4,886,222,555 $329,859,732
1967 - $348,795,303
1966 - $375,479,850
1965 - $359,379,856
1964 - $371,847,461
1963 - $348,547,279
1962 - $342,721,416
1961 - $327,834,191
1960 - $322,009,962

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

GeoRank.org/economy/hungary/sierra-leone | CC BY

GDP per capita in Hungary vs Sierra Leone by year

Hungary
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $846 -
2024 $23,305 $48,552 $807 $3,522
2023 $22,209 $46,592 $758 $3,368
2022 $18,428 $44,366 $860 $3,144
2021 $19,031 $38,887 $885 $2,849
2020 $16,387 $35,584 $845 $2,719
2019 $17,013 $35,627 $844 $2,704
2018 $16,605 $32,258 $846 $2,640
2017 $14,736 $29,728 $779 $2,501
2016 $13,216 $28,179 $844 $2,635
2015 $12,783 $26,938 $965 $2,560
2014 $14,353 $25,796 $1,118 $2,762
2013 $13,739 $24,592 $1,117 $2,701
2012 $12,950 $23,205 $938 $2,317
2011 $14,211 $22,992 $761 $2,043
2010 $13,190 $21,691 $685 $1,900
2009 $13,051 $20,691 $653 $1,814
2008 $15,763 $20,709 $705 $1,824
2007 $13,935 $19,089 $632 $1,770
2006 $11,478 $18,362 $580 $1,698
2005 $11,212 $17,091 $463 $1,615
2004 $10,291 $16,251 $418 $1,541
2003 $8,410 $15,460 $414 $1,458
2002 $6,658 $14,532 $389 $1,360
2001 $5,281 $13,223 $358 $1,121
2000 $4,630 $11,872 $143.7 $1,242
1999 $4,802 $10,892 $155 $1,167
1998 $4,752 $10,415 $156.5 $1,180
1997 $4,606 $9,846 $199.9 $1,157
1996 $4,542 $9,388 $224.3 $1,225
1995 $4,509 $9,222 $208.4 $1,187
1994 $4,187 $8,888 $218.5 $1,266
1993 $3,887 $8,441 $185 $1,269
1992 $3,747 $8,284 $163.2 $1,220
1991 $3,361 $8,352 $183.7 $1,445
1990 $3,324 $9,169 $154.8 $1,382
1989 $2,902 - $231.3 -
1988 $2,812 - $268.2 -
1987 $2,566 - $172.4 -
1986 $2,331 - $131.5 -
1985 $2,020 - $235.5 -
1984 $1,991 - $306 -
1983 $2,050 - $285.8 -
1982 $2,255 - $380 -
1981 $2,213 - $334 -
1980 $2,158 - $336 -
1979 $1,865 - $346 -
1978 $1,618 - $305 -
1977 $1,388 - $224.2 -
1976 $1,249 - $196.4 -
1975 $1,083 - $228.4 -
1974 $956 - $222.1 -
1973 $876 - $200.6 -
1972 $710 - $165.4 -
1971 $607 - $151.8 -
1970 $559 - $160.2 -
1969 $527 - $153.6 -
1968 $476 - $126.3 -
1967 - - $136.1 -
1966 - - $149.3 -
1965 - - $145.6 -
1964 - - $153.4 -
1963 - - $146.3 -
1962 - - $146.3 -
1961 - - $142.3 -
1960 - - $142 -

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

GeoRank.org/economy/hungary/sierra-leone | CC BY

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $846 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Hungary Sierra Leone
Gross domestic product
$246B
2025
$7.46B
2025
GDP rank
55/197
2025
160/197
2025
GDP growth
0.51%
2024-2025
4.61%
2024-2025
GDP per capita
$25,907
2025
$846
2025
GDP per capita rank
52/197
2025
186/197
2025
GDP per capita, PPP
$48,552
2024
$3,522
2024
GDP per capita PPP rank
48/197
2024
171/197
2024
Government debt
$185B
2025
$3.38B
2025
Debt-to-GDP ratio
75.2%
2025
45.2%
2025
Government debt per person
$19,473
2025
$383
2025
Government debt per person rank
33/185
2025
173/185
2025
Average annual personal income after taxes
$18,331
2026
$1,418
2026
Market capitalization of domestic companies
$62.6B
2025
n/a
Number of millionaires
27,000
2026
n/a
Number of billionaires
4
2026
n/a
Income share by richest 10%
24.4%
2022
29.4%
2018
Income share by poorest 10%
2.8%
2022
3.4%
2018
Government expenditure, % of GDP
47.5%
2025
16.5%
2025
Consumer prices inflation
4.41%
2024-2025
7.6%
2024-2025
Central bank interest rate
6.25%
2026
16.8%
2025
Unemployment rate
4.4%
2025
1.65%
2018
Population
9454659
9090531

Spending and national debt comparison by year

Hungary
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Hungary Sierra Leone
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 16.5% 45.2%
2024 46.9% 73.5% 17.6% 46.7%
2023 49.3% 73.2% 15.4% 49.4%
2022 48.9% 74.1% 16.7% 54%
2021 48.1% 76.2% 16.8% 47.1%
2020 51% 78.7% 15.6% 46.4%
2019 45.8% 65% 13.3% 45.3%
2018 45.9% 68.8% 13.7% 44.2%
2017 46.6% 72% 15% 44.2%
2016 46.7% 74.6% 14.9% 38.9%
2015 50.4% 75.7% 13.1% 28.4%
2014 50% 76.5% 13.5% 26.8%
2013 50.1% 77.2% 11.4% 22.3%
2012 49.2% 78.4% 13.5% 24.1%
2011 49.1% 80.5% 13.2% 25.8%
2010 48.9% 80.2% 12.5% 28.9%
2009 50.7% 78.2% 11.3% 31.1%
2008 48.8% 71.8% 10.3% 46.1%
2007 49.9% 65.6% 8.1% 26.4%
2006 51.4% 64.5% 9.97% 61.9%
2005 49.4% 60.6% 10.9% 78.9%
2004 48.8% 58.9% 11.1% 93.2%
2003 49.2% 58.2% 11.7% 99.8%
2002 51% 55.6% 12.6% 99.8%
2001 47.2% 52.2% 12% 113.5%
2000 47.3% 55.6% 10.3% -
1999 48.9% 60.3% - -
1998 50.7% 60.4% - -
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

GeoRank.org/economy/hungary/sierra-leone | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Sierra Leone spent $1.23B, or 16.5% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 45.2% in Sierra Leone, ranking 50/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Hungary Sierra Leone
2025 -4.68% -4.2%
2024 -4.9% -5.16%
2023 -6.77% -4.99%
2022 -6.19% -5.93%
2021 -7.11% -4.35%
2020 -7.49% -3.5%
2019 -2.02% -1.95%
2018 -2.05% -3.57%
2017 -2.45% -5.61%
2016 -1.79% -5.41%
2015 -2% -2.86%
2014 -2.77% -2.77%
2013 -2.6% -1.74%
2012 -2.33% -3.41%
2011 -5.22% -2.78%
2010 -4.44% -3.09%
2009 -4.76% -1.51%
2008 -3.78% -2.22%
2007 -5.09% 12.6%
2006 -9.27% -0.93%
2005 -7.79% -1.17%
2004 -6.6% -1.46%
2003 -7.19% -2.78%
2002 -8.79% -3.03%
2001 -4% -3.22%
2000 -3.04% -1.94%
1999 -5.27% -
1998 -7.41% -
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/hungary/sierra-leone | 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 Sierra Leone's deficit of $313M, or 4.2% of GDP.

Over the past 26 years, Hungary recorded a fiscal deficit in 26 of those years, while Sierra Leone ran a deficit in 25 years. On average, Hungary posted an annual deficit equal to 4.81% of GDP, compared to deficit of 2.58% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Hungary

Sierra Leone
1x
Year Consumer prices inflation
Hungary Sierra Leone
2025 4.41% 7.6%
2024 3.7% 28.4%
2023 17.1% 47.7%
2022 14.6% 27.2%
2021 5.11% 11.9%
2020 3.33% 13.4%
2019 3.34% 14.8%
2018 2.85% 16%
2017 2.35% 18.2%
2016 0.39% 10.9%
2015 -0.06% 6.7%
2014 -0.23% 4.6%
2013 1.73% 5.5%
2012 5.65% 6.6%
2011 3.93% 6.8%
2010 4.86% 7.2%
2009 4.21% 7.5%
2008 6.04% 8.2%
2007 7.96% 17%
2006 3.93% 10.5%
2005 3.56% 13.7%
2004 6.74% 12.9%
2003 4.66% 4%
2002 5.27% 0.1%
2001 9.12% 2.6%
2000 9.8% -0.9%
1999 10% 34.1%
1998 14.2% 36%
1997 18.3% 14.6%

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/sierra-leone | CC BY

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 13.6% in Sierra Leone. In 2025, inflation was 4.41% in Hungary and 7.6% in Sierra Leone.

Top exports between countries

Hungary
Export category Export value
Animal & marine products $322K
Textiles & consumer goods $140K
Chemicals & pharma $106K
Machinery & equipment $82K
Processed food, beverages & tobacco $27K
Raw materials & minerals $15K
Metals $11K
Sierra Leone
Export category Export value

Balance of trade

Hungary Sierra Leone
Current account balance
$4.08B
2025
-$984M
2024
Current account balance ranking
34/190
2025
115/190
2024
Current account balance, % of GDP
+1.65%
2025
-14.1%
2024
Goods imports
$139B
2025
$2.4B
2024
Goods exports
$136B
2025
$1.55B
2024
Service imports
$29.8B
2025
$514M
2024
Service exports
$43.1B
2025
$49.6M
2024
Imports of goods and services, % of GDP
68.1%
2025
28.2%
2025
Exports of goods and services, % of GDP
72.6%
2025
20.9%
2025

Economic freedom indices

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

Hungary Sierra Leone
Economic freedom 62.5 49.6
Economic freedom ranking 86/197 165/197
Property rights 67.3 32.9
Government integrity 44 35.8
Judicial effectiveness 61.9 42
Tax burden 85.1 88.2
Government spending 30.2 92.4
Fiscal health 32.7 54.1
Business freedom 70.8 44.8
Labor freedom 56.5 38.2
Monetary freedom 72.1 53.6
Trade freedom 79.4 63.6
Investment freedom 80 30
Financial freedom 70 20

Economic freedom comparison by year

Hungary
Sierra Leone
1x
Year Economic freedom index
Hungary Sierra Leone
2026 62.5 49.6
2025 61.4 48
2024 61.2 44.6
2023 64.1 50.2
2022 66.9 52
2021 67.2 51.7
2020 66.4 48
2019 65 47.5
2018 66.7 51.8
2017 65.8 52.6
2016 66 52.3
2015 66.8 51.7
2014 67 50.5
2013 67.3 48.3
2012 67.1 49.1
2011 66.6 49.6
2010 66.1 47.9
2009 66.8 47.8
2008 67.6 48.3
2007 64.8 47
2006 65 45.2
2005 63.5 44.8
2004 62.7 43.6
2003 63 42.2
2002 64.5 -
2001 65.6 -
2000 64.4 44.2
1999 59.6 47.2
1998 56.9 47.7
1997 55.3 45
1996 56.8 52.3
1995 55.2 49.8

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

GeoRank.org/economy/hungary/sierra-leone | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Sierra Leone
Services, % of GDP
60.1%
2025
41.6%
2025
Industry, % of GDP
23%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
29.5%
2025
GNI, Atlas method
$227B
2025
$7.34B
2025
GNI per capita, PPP
$48,630
2025
$3,690
2025
Total reserves including gold
$59.1B
2025
$433M
2024
Total reserves ranking
42/177
2025
161/177
2024
Net foreign direct investment
$9.1B
2025
-$122M
2024
Net inflows of foreign direct investment
-$61.3B
2024
$122M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines
12.1%
2021
56.8%
2018
Gross capital formation, % of GDP
22.2%
2025
23.2%
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/sierra-leone | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, 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 (2023–2025, 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.

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.