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Economy of Hungary vs South Sudan compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $12B for South Sudan, ranking 55/197 and 149/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Hungary vs South Sudan GDP by year

Hungary
South Sudan
1x
Year GDP, current $
Hungary South Sudan
2024 $222,722,738,926 -
2023 $213,240,316,635 -
2022 $177,002,580,544 -
2021 $183,282,685,440 -
2020 $158,468,487,754 -
2019 $164,936,682,034 -
2018 $161,184,691,014 -
2017 $143,335,098,992 -
2016 $128,983,560,865 -
2015 $125,244,126,623 $11,997,800,760
2014 $141,128,696,412 $13,962,212,847
2013 $135,646,053,779 $18,426,469,017
2012 $128,470,269,690 $11,931,472,169
2011 $141,712,804,954 $14,907,308,933
2010 $131,898,737,241 $14,602,072,411
2009 $130,807,441,076 $12,231,264,525
2008 $158,228,265,916 $14,586,253,383
2007 $140,123,326,896 -
2006 $115,604,111,412 -
2005 $113,098,237,571 -
2004 $104,015,363,080 -
2003 $85,190,469,121 -
2002 $67,636,468,625 -
2001 $53,800,068,066 -
2000 $47,275,954,429 -
1999 $49,160,204,397 -
1998 $48,784,412,624 -
1997 $47,398,564,799 -
1996 $46,833,767,124 -
1995 $46,577,614,589 -
1994 $43,307,949,890 -
1993 $40,256,233,360 -
1992 $38,857,339,125 -
1991 $34,867,307,353 -
1990 $34,478,360,679 -
1989 $30,422,508,938 -
1988 $29,799,838,597 -
1987 $27,232,016,527 -
1986 $24,778,163,812 -
1985 $21,510,643,750 -
1984 $21,242,726,264 -
1983 $21,910,365,258 -
1982 $24,141,667,188 -
1981 $23,705,883,892 -
1980 $23,116,977,148 -
1979 $19,959,731,325 -
1978 $17,286,744,154 -
1977 $14,783,674,055 -
1976 $13,235,612,079 -
1975 $11,420,392,515 -
1974 $10,016,338,179 -
1973 $9,138,292,402 -
1972 $7,379,313,742 -
1971 $6,291,568,221 -
1970 $5,780,929,203 -
1969 $5,429,812,387 -
1968 $4,886,222,555 -

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

GeoRank.org/economy/hungary/south-sudan | CC BY

GDP per capita in Hungary vs South Sudan by year

Hungary
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 - -
2023 $22,231 $46,592 - -
2022 $18,428 $44,366 - -
2021 $19,031 $38,887 - -
2020 $16,387 $35,584 - -
2019 $17,013 $35,627 - -
2018 $16,605 $32,258 - -
2017 $14,736 $29,728 - -
2016 $13,216 $28,179 - -
2015 $12,783 $26,938 $1,080 $1,155
2014 $14,353 $25,796 $1,243 $1,373
2013 $13,739 $24,592 $1,650 $1,917
2012 $12,950 $23,205 $1,109 $1,417
2011 $14,211 $22,992 $1,449 $2,718
2010 $13,190 $21,691 $1,498 $2,948
2009 $13,051 $20,691 $1,323 $2,911
2008 $15,763 $20,709 $1,654 $2,887
2007 $13,935 $19,089 - -
2006 $11,478 $18,362 - -
2005 $11,212 $17,091 - -
2004 $10,291 $16,251 - -
2003 $8,410 $15,460 - -
2002 $6,658 $14,532 - -
2001 $5,281 $13,223 - -
2000 $4,630 $11,872 - -
1999 $4,802 $10,892 - -
1998 $4,752 $10,415 - -
1997 $4,606 $9,846 - -
1996 $4,542 $9,388 - -
1995 $4,509 $9,222 - -
1994 $4,187 $8,888 - -
1993 $3,887 $8,441 - -
1992 $3,747 $8,284 - -
1991 $3,361 $8,352 - -
1990 $3,324 $9,169 - -
1989 $2,902 - - -
1988 $2,812 - - -
1987 $2,566 - - -
1986 $2,331 - - -
1985 $2,020 - - -
1984 $1,991 - - -
1983 $2,050 - - -
1982 $2,255 - - -
1981 $2,213 - - -
1980 $2,158 - - -
1979 $1,865 - - -
1978 $1,618 - - -
1977 $1,388 - - -
1976 $1,249 - - -
1975 $1,083 - - -
1974 $956 - - -
1973 $876 - - -
1972 $710 - - -
1971 $607 - - -
1970 $559 - - -
1969 $527 - - -
1968 $476 - - -

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

GeoRank.org/economy/hungary/south-sudan | CC BY

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while South Sudan ranks 197th at $1,155.

Economic indicators

Hungary South Sudan
Gross domestic product
$223B
2024
$12B
2015
GDP rank
55/197
2024
149/197
2015
GDP growth
0.56%
2023-2024
-10.8%
2014-2015
GDP per capita
$23,292
2024
$1,080
2015
GDP per capita rank
55/197
2024
175/197
2015
GDP per capita, PPP
$48,552
2024
$1,155
2015
GDP per capita PPP rank
48/197
2024
197/197
2015
Government debt
$164B
2024
$7.04B
2015
Debt-to-GDP ratio
73.5%
2024
50.7%
2024
Government debt per person
$17,109
2024
$633
2015
Government debt per person rank
37/185
2024
158/185
2015
Average annual personal income after taxes
$16,996
2026
$1,305
2026
Market capitalization of domestic companies
$41.5B
2024
n/a
Number of millionaires
24,692
2025
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
33%
2016
Income share by poorest 10%
2.8%
2022
1.8%
2016
Government expenditure, % of GDP
46.9%
2024
18.1%
2024
Consumer prices inflation
3.7%
2023-2024
91.4%
2023-2024
Central bank interest rate
6.5%
2024
15%
2023
Unemployment rate
4.47%
2024
12.3%
2008
Population
9475525
12507858

Spending and national debt comparison by year

Hungary
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Hungary South Sudan
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 18.1% 50.7%
2023 49.2% 73% 21.4% 51.9%
2022 48.7% 73.9% 29.4% 37.3%
2021 48.1% 76.2% 44.1% 50.2%
2020 51% 78.7% 34.1% 49%
2019 45.8% 65% 47.9% 43.1%
2018 45.9% 68.8% 54.5% 77.6%
2017 46.6% 72% 97% 178.3%
2016 46.7% 74.6% 66.5% 164.7%
2015 50.4% 75.7% 34% 58.6%
2014 50% 76.5% 35.8% 37.7%
2013 50.1% 77.2% 25.3% 17.6%
2012 49.2% 78.4% 31.6% 8.91%
2011 49.1% 80.5% 20.8% -
2010 48.9% 80.2% - -
2009 50.7% 78.2% - -
2008 48.8% 71.8% - -
2007 49.9% 65.6% - -
2006 51.4% 64.5% - -
2005 49.4% 60.6% - -
2004 48.8% 58.9% - -
2003 49.2% 58.2% - -
2002 51% 55.6% - -
2001 47.2% 52.2% - -
2000 47.3% 55.6% - -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

GeoRank.org/economy/hungary/south-sudan | CC BY

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 50.7% in South Sudan, ranking 49/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

South Sudan
1x
Year Deficit/surplus, % of GDP
Hungary South Sudan
2024 -4.92% 11.7%
2023 -6.75% 8.04%
2022 -6.17% 4.48%
2021 -7.11% -9.3%
2020 -7.49% -5.5%
2019 -2.02% 0.04%
2018 -2.05% -1.06%
2017 -2.45% 9.56%
2016 -1.79% -19.8%
2015 -2% -16.4%
2014 -2.77% -9.07%
2013 -2.6% -3.45%
2012 -2.33% -14.8%
2011 -5.22% 4.57%
2010 -4.44% -
2009 -4.76% -
2008 -3.78% -
2007 -5.09% -
2006 -9.27% -
2005 -7.79% -
2004 -6.6% -
2003 -7.19% -
2002 -8.79% -
2001 -4% -
2000 -3.04% -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

GeoRank.org/economy/hungary/south-sudan | CC BY

In 2015, Hungary's government deficit, the difference between spending and revenue, was $2.51B, equivalent to 2% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Hungary recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, Hungary posted an annual deficit equal to 2.98% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Hungary

South Sudan
1x
Year Consumer prices inflation
Hungary South Sudan
2024 3.7% 91.4%
2023 17.1% 2.38%
2022 14.6% -6.69%
2021 5.11% 10.5%
2020 3.33% 29.7%
2019 3.34% 87.2%
2018 2.85% 83.5%
2017 2.35% 187.9%
2016 0.39% 380%
2015 -0.06% 52.8%
2014 -0.23% 1.67%
2013 1.73% -0.06%
2012 5.65% 45.5%
2011 3.93% 46.9%
2010 4.86% 1.17%
2009 4.21% 5.01%
2008 6.04% -
2007 7.96% -
2006 3.93% -
2005 3.56% -
2004 6.74% -
2003 4.66% -
2002 5.27% -
2001 9.12% -
2000 9.8% -
1999 10% -
1998 14.2% -
1997 18.3% -

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

GeoRank.org/economy/hungary/south-sudan | CC BY

Over the past 16 years, Hungary has recorded an average annual inflation rate of 4.56%, compared with 63.7% in South Sudan. In 2024, inflation was 3.7% in Hungary and 91.4% in South Sudan.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $117K
Textiles & consumer goods $52K
South Sudan
Export category Export value
Metals $3K

Balance of trade

Hungary South Sudan
Current account balance
$3.52B
2024
$578M
2023
Current account balance ranking
36/190
2024
60/190
2023
Current account balance, % of GDP
+1.58%
2024
-4.17%
2015
Goods imports
$130B
2024
$2.25B
2023
Goods exports
$129B
2024
$4.01B
2023
Service imports
$27.9B
2024
$2.19B
2023
Service exports
$38.9B
2024
$484M
2023
Imports of goods and services, % of GDP
71.1%
2024
28.9%
2015
Exports of goods and services, % of GDP
75.4%
2024
36.7%
2015

Economic freedom indices

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

Hungary South Sudan
Economic freedom 62.5 41
Economic freedom ranking 86/197 186/197
Property rights 67.3 n/a
Government integrity 44 n/a
Judicial effectiveness 61.9 n/a
Tax burden 85.1 n/a
Government spending 30.2 n/a
Fiscal health 32.7 n/a
Business freedom 70.8 n/a
Labor freedom 56.5 n/a
Monetary freedom 72.1 n/a
Trade freedom 79.4 n/a
Investment freedom 80 n/a
Financial freedom 70 n/a

Other economic metrics

Hungary South Sudan
Services, % of GDP
59.5%
2024
56.6%
2015
Industry, % of GDP
23.7%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
10.4%
2015
GNI, Atlas method
$199B
2024
$11.7B
2015
GNI per capita, PPP
$47,290
2024
$1,010
2015
Total reserves including gold
$46.4B
2024
$72.9M
2023
Total reserves ranking
42/177
2024
175/177
2023
Net foreign direct investment
-$15.8B
2024
$2.21M
2019
Net inflows of foreign direct investment
-$62.2B
2024
$83.4M
2024
Net outflows of foreign direct investment
-$78B
2024
$0
2024
Poverty at national poverty lines
12.1%
2021
66%
2020
Gross capital formation, % of GDP
23.5%
2024
5.75%
2015

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/south-sudan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.