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Economy of Hungary vs Syria compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $20B for Syria, ranking 55/197 and 129/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $18.4B (30% of GDP) in Syria.

Hungary vs Syria GDP by year

Hungary
Syria
1x
Year GDP, current $
Hungary Syria
2024 $222,722,738,926 -
2023 $213,240,316,635 $19,993,439,950
2022 $177,002,580,544 $23,622,827,080
2021 $183,282,685,440 $14,353,205,678
2020 $158,468,487,754 $12,047,752,036
2019 $164,936,682,034 $22,583,045,060
2018 $161,184,691,014 $21,497,782,868
2017 $143,335,098,992 $16,369,843,352
2016 $128,983,560,865 $12,597,854,877
2015 $125,244,126,623 $16,466,863,117
2014 $141,128,696,412 $21,502,061,466
2013 $135,646,053,779 $21,361,254,635
2012 $128,470,269,690 $43,190,318,033
2011 $141,712,804,954 $67,539,428,159
2010 $131,898,737,241 $61,390,830,875
2009 $130,807,441,076 $54,111,735,629
2008 $158,228,265,916 $52,557,913,569
2007 $140,123,326,896 $40,465,318,382
2006 $115,604,111,412 $33,751,788,856
2005 $113,098,237,571 $28,858,965,517
2004 $104,015,363,080 $25,086,950,495
2003 $85,190,469,121 $21,828,144,686
2002 $67,636,468,625 $20,669,357,462
2001 $53,800,068,066 $20,237,024,725
2000 $47,275,954,429 $18,937,052,543
1999 $49,160,204,397 $15,873,875,969
1998 $48,784,412,624 $15,200,846,154
1997 $47,398,564,799 $14,505,233,463
1996 $46,833,767,124 $13,789,560,878
1995 $46,577,614,589 $11,396,706,587
1994 $43,307,949,890 $10,122,020,000
1993 $40,256,233,360 $13,695,962,055
1992 $38,857,339,125 $13,253,565,861
1991 $34,867,307,353 $12,981,833,333
1990 $34,478,360,679 $12,308,624,418
1989 $30,422,508,938 $9,853,395,762
1988 $29,799,838,597 $10,577,041,645
1987 $27,232,016,527 $11,356,215,543
1986 $24,778,163,812 $13,293,205,278
1985 $21,510,643,750 $16,403,539,893
1984 $21,242,726,264 $17,503,078,174
1983 $21,910,365,258 $17,589,277,143
1982 $24,141,667,188 $16,298,929,011
1981 $23,705,883,892 $15,518,201,335
1980 $23,116,977,148 $13,062,420,382
1979 $19,959,731,325 $9,929,681,529
1978 $17,286,744,154 $9,275,200,458
1977 $14,783,674,055 $7,696,011,396
1976 $13,235,612,079 $7,633,528,867
1975 $11,420,392,515 $6,826,980,444
1974 $10,016,338,179 $5,159,557,148
1973 $9,138,292,402 $3,239,487,516
1972 $7,379,313,742 $3,059,681,698
1971 $6,291,568,221 $2,589,851,325
1970 $5,780,929,203 $2,140,384,010
1969 $5,429,812,387 $2,245,011,515
1968 $4,886,222,555 $1,753,746,430
1967 - $1,580,229,799
1966 - $1,342,287,553
1965 - $1,472,036,540
1964 - $1,339,494,267
1963 - $1,200,447,408
1962 - $1,110,565,881
1961 - $945,244,972
1960 - $857,704,413

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

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

GDP per capita in Hungary vs Syria by year

Hungary
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 - -
2023 $22,231 $46,592 $847 $4,650
2022 $18,428 $44,366 $1,052 $4,772
2021 $19,031 $38,887 $664 $4,593
2020 $16,387 $35,584 $572 $3,738
2019 $17,013 $35,627 $1,110 $3,502
2018 $16,605 $32,258 $1,098 $3,456
2017 $14,736 $29,728 $852 $3,265
2016 $13,216 $28,179 $656 -
2015 $12,783 $26,938 $848 -
2014 $14,353 $25,796 $1,061 -
2013 $13,739 $24,592 $986 -
2012 $12,950 $23,205 $1,898 -
2011 $14,211 $22,992 $2,952 -
2010 $13,190 $21,691 $2,731 -
2009 $13,051 $20,691 $2,462 -
2008 $15,763 $20,709 $2,429 -
2007 $13,935 $19,089 $1,938 -
2006 $11,478 $18,362 $1,719 -
2005 $11,212 $17,091 $1,534 -
2004 $10,291 $16,251 $1,368 -
2003 $8,410 $15,460 $1,220 -
2002 $6,658 $14,532 $1,183 -
2001 $5,281 $13,223 $1,187 -
2000 $4,630 $11,872 $1,138 -
1999 $4,802 $10,892 $978 -
1998 $4,752 $10,415 $961 -
1997 $4,606 $9,846 $941 -
1996 $4,542 $9,388 $918 -
1995 $4,509 $9,222 $780 -
1994 $4,187 $8,888 $712 -
1993 $3,887 $8,441 $993 -
1992 $3,747 $8,284 $990 -
1991 $3,361 $8,352 $1,000 -
1990 $3,324 $9,169 $978 -
1989 $2,902 - $809 -
1988 $2,812 - $898 -
1987 $2,566 - $997 -
1986 $2,331 - $1,208 -
1985 $2,020 - $1,544 -
1984 $1,991 - $1,706 -
1983 $2,050 - $1,776 -
1982 $2,255 - $1,703 -
1981 $2,213 - $1,676 -
1980 $2,158 - $1,458 -
1979 $1,865 - $1,146 -
1978 $1,618 - $1,108 -
1977 $1,388 - $951 -
1976 $1,249 - $976 -
1975 $1,083 - $904 -
1974 $956 - $707 -
1973 $876 - $459 -
1972 $710 - $448 -
1971 $607 - $393 -
1970 $559 - $335 -
1969 $527 - $364 -
1968 $476 - $293.3 -
1967 - - $272.9 -
1966 - - $239.3 -
1965 - - $270.8 -
1964 - - $254.2 -
1963 - - $234.9 -
1962 - - $223.9 -
1961 - - $196.3 -
1960 - - $183.5 -

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

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

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Syria ranks 160th at $4,650.

Economic indicators

Hungary Syria
Gross domestic product
$223B
2024
$20B
2023
GDP rank
55/197
2024
129/197
2023
GDP growth
0.56%
2023-2024
-1.21%
2022-2023
GDP per capita
$23,292
2024
$847
2023
GDP per capita rank
55/197
2024
185/197
2023
GDP per capita, PPP
$48,552
2024
$4,650
2023
GDP per capita PPP rank
48/197
2024
160/197
2023
Government debt
$164B
2024
$18.4B
2010
Debt-to-GDP ratio
73.5%
2024
30%
2010
Government debt per person
$17,109
2024
$820
2010
Government debt per person rank
37/185
2024
148/185
2010
Average annual personal income after taxes
$16,996
2026
$730
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
21.1%
2022
Income share by poorest 10%
2.8%
2022
3.8%
2022
Government expenditure, % of GDP
46.9%
2024
28.6%
2010
Consumer prices inflation
3.7%
2023-2024
13.4%
2018-2019
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
4.47%
2024
8.61%
2010
Population
9475525
26829400

Spending and national debt comparison by year

Hungary
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Hungary Syria
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% - -
2023 49.2% 73% - -
2022 48.7% 73.9% - -
2021 48.1% 76.2% - -
2020 51% 78.7% - -
2019 45.8% 65% - -
2018 45.9% 68.8% - -
2017 46.6% 72% - -
2016 46.7% 74.6% - -
2015 50.4% 75.7% - -
2014 50% 76.5% - -
2013 50.1% 77.2% - -
2012 49.2% 78.4% - -
2011 49.1% 80.5% - -
2010 48.9% 80.2% 28.6% 30%
2009 50.7% 78.2% 26.7% 31.2%
2008 48.8% 71.8% 22.9% 37.3%
2007 49.9% 65.6% 25.7% 42.7%
2006 51.4% 64.5% 26.3% 45%
2005 49.4% 60.6% 28.2% 50.7%
2004 48.8% 58.9% 31.3% 113%
2003 49.2% 58.2% 32.6% 133.4%
2002 51% 55.6% 28.5% 132.4%
2001 47.2% 52.2% 28% 144.5%
2000 47.3% 55.6% 27.4% 152.1%
1999 48.9% 60.3% 28% 147.7%
1998 50.7% 60.4% 28.8% 151.2%
1997 49.5% 62.2% 29% 147.6%
1996 50.9% 71.2% 27.7% 141.5%
1995 55% 83.9% 29.8% 152.6%
1994 - 86.2% 30.3% 163%
1993 - 87.2% 29.4% 171.9%
1992 - 76.5% 34.2% 173.6%
1991 - 74.2% 34.3% 182.4%
1990 - 63.7% 28.3% 189.8%
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-02-20).

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

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 30% in Syria, ranking 49/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Syria
1x
Year Deficit/surplus, % of GDP
Hungary Syria
2024 -4.92% -
2023 -6.75% -
2022 -6.17% -
2021 -7.11% -
2020 -7.49% -
2019 -2.02% -
2018 -2.05% -
2017 -2.45% -
2016 -1.79% -
2015 -2% -
2014 -2.77% -
2013 -2.6% -
2012 -2.33% -
2011 -5.22% -
2010 -4.44% -7.79%
2009 -4.76% -2.89%
2008 -3.78% -2.86%
2007 -5.09% -2.99%
2006 -9.27% -1.12%
2005 -7.79% -4.41%
2004 -6.6% -4.18%
2003 -7.19% -2.7%
2002 -8.79% -2.02%
2001 -4% 2.3%
2000 -3.04% -1.36%
1999 -5.27% -1.47%
1998 -7.41% -2.81%
1997 -5.54% -1.78%
1996 -4.36% -2.83%
1995 -8.57% -3.81%
1994 - -6%
1993 - -4.96%
1992 - -7.26%
1991 - -6.57%
1990 - -3.92%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

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

In 2010, Hungary's government deficit, the difference between spending and revenue, was $5.85B, equivalent to 4.44% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 16 years, Hungary recorded a fiscal deficit in 16 of those years, while Syria ran a deficit in 15 years. On average, Hungary posted an annual deficit equal to 5.99% of GDP, compared to deficit of 2.67% of GDP for Syria.

Inflation comparison by year

Inflation
Hungary

Syria
1x
Year Consumer prices inflation
Hungary Syria
2024 3.7% -
2023 17.1% -
2022 14.6% -
2021 5.11% -
2020 3.33% -
2019 3.34% 13.4%
2018 2.85% 0.94%
2017 2.35% 18.1%
2016 0.39% 47.7%
2015 -0.06% 38.5%
2014 -0.23% 10.9%
2013 1.73% 40%
2012 5.65% 36.7%
2011 3.93% 4.75%
2010 4.86% 4.4%
2009 4.21% 2.92%
2008 6.04% 15.7%
2007 7.96% 3.91%
2006 3.93% 10%
2005 3.56% 7.24%
2004 6.74% 4.43%
2003 4.66% 5.8%
2002 5.27% -0.13%
2001 9.12% 3%
2000 9.8% -3.85%
1999 10% -3.7%
1998 14.2% -0.8%
1997 18.3% 1.89%

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

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

Over the past 23 years, Hungary has recorded an average annual inflation rate of 5.59%, compared with 11.4% in Syria. In 2019, inflation was 3.7% in Hungary and 13.4% in Syria.

Top exports between countries

Hungary
Export category Export value
Processed food, beverages & tobacco $14.2M
Machinery & equipment $344K
Metals $174K
Chemicals & pharma $166K
Raw materials & minerals $63K
Raw agricultural goods $56K
Textiles & consumer goods $17K
Syria
Export category Export value
Textiles & consumer goods $759K
Metals $390K
Raw agricultural goods $49K
Processed food, beverages & tobacco $38K
Raw materials & minerals $34K
Machinery & equipment $20K
Chemicals & pharma $11K
Miscellaneous $4K
Wood & paper products $2K

Balance of trade

Hungary Syria
Current account balance
$3.52B
2024
-$367M
2010
Current account balance ranking
36/190
2024
103/190
2010
Current account balance, % of GDP
+1.58%
2024
-0.6%
2010
Goods imports
$130B
2024
$15.9B
2010
Goods exports
$129B
2024
$12.3B
2010
Service imports
$27.9B
2024
$3.53B
2010
Service exports
$38.9B
2024
$7.33B
2010
Imports of goods and services, % of GDP
71.1%
2024
28.8%
2022
Exports of goods and services, % of GDP
75.4%
2024
6.81%
2022

Economic freedom indices

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

Hungary Syria
Economic freedom 62.5 51.2
Economic freedom ranking 86/197 155/197
Property rights 67.3 4
Government integrity 44 3.6
Judicial effectiveness 61.9 3.7
Tax burden 85.1 87.3
Government spending 30.2 78.5
Fiscal health 32.7 13.8
Business freedom 70.8 33.8
Labor freedom 56.5 37.2
Monetary freedom 72.1 80
Trade freedom 79.4 47
Investment freedom 80 0
Financial freedom 70 20

Economic freedom comparison by year

Hungary
Syria
1x
Year Economic freedom index
Hungary Syria
2026 62.5 -
2025 61.4 -
2024 61.2 -
2023 64.1 -
2022 66.9 -
2021 67.2 -
2020 66.4 -
2019 65 -
2018 66.7 -
2017 65.8 -
2016 66 -
2015 66.8 -
2014 67 -
2013 67.3 -
2012 67.1 51.2
2011 66.6 51.3
2010 66.1 49.4
2009 66.8 51.3
2008 67.6 47.2
2007 64.8 48.3
2006 65 51.2
2005 63.5 46.3
2004 62.7 40.6
2003 63 41.3
2002 64.5 36.3
2001 65.6 36.6
2000 64.4 37.2
1999 59.6 39
1998 56.9 42.2
1997 55.3 43
1996 56.8 42.3
1995 55.2 -

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Syria
Services, % of GDP
59.5%
2024
44.9%
2022
Industry, % of GDP
23.7%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
43.1%
2022
GNI, Atlas method
$199B
2024
$18.2B
2023
GNI per capita, PPP
$47,290
2024
$4,480
2023
Total reserves including gold
$46.4B
2024
$20.6B
2010
Total reserves ranking
42/177
2024
62/177
2010
Net foreign direct investment
-$15.8B
2024
-$1.47B
2010
Net inflows of foreign direct investment
-$62.2B
2024
$0
2024
Net outflows of foreign direct investment
-$78B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.15%
2023
Poverty at national poverty lines
12.1%
2021
35.2%
2007
Gross capital formation, % of GDP
23.5%
2024
16%
1969

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/syria | CC BY

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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 (2010–2024, 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.

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.