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Economy of Hungary vs Tanzania compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $90.1B for Tanzania, ranking 55/197 and 83/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $44.8B (49.7% of GDP) in Tanzania.

Hungary vs Tanzania GDP by year

Hungary
Tanzania
1x
Year GDP, current $
Hungary Tanzania
2025 $246,490,213,513 $90,143,496,090
2024 $222,848,211,034 $79,235,713,445
2023 $213,029,511,029 $79,030,935,638
2022 $177,002,580,544 $75,749,121,847
2021 $183,282,685,440 $70,655,628,148
2020 $158,468,487,754 $66,068,737,786
2019 $164,936,682,034 $61,026,731,926
2018 $161,184,691,014 $57,003,712,892
2017 $143,335,098,992 $53,274,884,533
2016 $128,983,560,865 $49,774,409,374
2015 $125,244,126,623 $47,413,919,817
2014 $141,128,696,412 $49,986,726,461
2013 $135,646,053,779 $45,648,857,242
2012 $128,470,269,690 $39,650,394,363
2011 $141,712,804,954 $34,657,140,096
2010 $131,898,737,241 $32,012,892,919
2009 $130,807,441,076 $29,400,573,554
2008 $158,228,265,916 $27,947,821,398
2007 $140,123,326,896 $21,860,434,823
2006 $115,604,111,412 $18,619,859,795
2005 $113,098,237,571 $18,395,383,647
2004 $104,015,363,080 $16,673,062,473
2003 $85,190,469,121 $15,211,487,709
2002 $67,636,468,625 $14,129,651,896
2001 $53,800,068,066 $13,563,990,022
2000 $47,275,954,429 $13,371,767,082
1999 $49,160,204,397 $12,704,334,196
1998 $48,784,412,624 $12,172,790,056
1997 $47,398,564,799 $11,158,197,942
1996 $46,833,767,124 $9,433,528,150
1995 $46,577,614,589 $7,631,431,840
1994 $43,307,949,890 $6,550,480,484
1993 $40,256,233,360 $6,182,872,708
1992 $38,857,339,125 $6,681,997,469
1991 $34,867,307,353 $7,197,768,159
1990 $34,478,360,679 $6,184,384,225
1989 $30,422,508,938 $6,418,799,007
1988 $29,799,838,597 $7,406,614,407
1987 $27,232,016,527 $7,824,193,222
1986 $24,778,163,812 $10,840,864,521
1985 $21,510,643,750 $15,328,295,175
1984 $21,242,726,264 $12,906,635,133
1983 $21,910,365,258 $14,049,883,809
1982 $24,141,667,188 $13,927,383,240
1981 $23,705,883,892 $13,161,540,378
1980 $23,116,977,148 $11,409,228,087
1979 $19,959,731,325 $9,804,637,491
1978 $17,286,744,154 $9,261,675,710
1977 $14,783,674,055 $7,732,598,995
1976 $13,235,612,079 $6,472,511,988
1975 $11,420,392,515 $5,729,917,840
1974 $10,016,338,179 $4,977,337,978
1973 $9,138,292,402 $4,144,104,535
1972 $7,379,313,742 $3,472,787,266
1971 $6,291,568,221 $3,050,673,517
1970 $5,780,929,203 $2,851,419,386
1969 $5,429,812,387 $5,142,066,811
1968 $4,886,222,555 $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Hungary vs Tanzania by year

Hungary
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $1,278 -
2024 $23,305 $48,552 $1,156 $4,221
2023 $22,209 $46,592 $1,186 $4,019
2022 $18,428 $44,366 $1,171 $3,800
2021 $19,031 $38,887 $1,125 $3,493
2020 $16,387 $35,584 $1,084 $3,291
2019 $17,013 $35,627 $1,031 $2,982
2018 $16,605 $32,258 $992 $2,728
2017 $14,736 $29,728 $957 $2,472
2016 $13,216 $28,179 $925 $2,435
2015 $12,783 $26,938 $911 $2,317
2014 $14,353 $25,796 $993 $2,221
2013 $13,739 $24,592 $935 $2,176
2012 $12,950 $23,205 $837 $2,083
2011 $14,211 $22,992 $753 $2,211
2010 $13,190 $21,691 $715 $2,069
2009 $13,051 $20,691 $674 $1,972
2008 $15,763 $20,709 $657 $1,908
2007 $13,935 $19,089 $528 $1,820
2006 $11,478 $18,362 $462 $1,707
2005 $11,212 $17,091 $469 $1,598
2004 $10,291 $16,251 $438 $1,482
2003 $8,410 $15,460 $410 $1,379
2002 $6,658 $14,532 $391 $1,302
2001 $5,281 $13,223 $385 $1,229
2000 $4,630 $11,872 $390 $1,164
1999 $4,802 $10,892 $382 $1,120
1998 $4,752 $10,415 $375 $1,082
1997 $4,606 $9,846 $353 $1,059
1996 $4,542 $9,388 $305 $1,026
1995 $4,509 $9,222 $251.2 $981
1994 $4,187 $8,888 $222.5 $958
1993 $3,887 $8,441 $218.2 $959
1992 $3,747 $8,284 $243.4 $955
1991 $3,361 $8,352 $268.8 $952
1990 $3,324 $9,169 $236.9 $925
1989 $2,902 - $252.3 -
1988 $2,812 - $299 -
1987 $2,566 - $326 -
1986 $2,331 - $466 -
1985 $2,020 - $681 -
1984 $1,991 - $593 -
1983 $2,050 - $667 -
1982 $2,255 - $683 -
1981 $2,213 - $665 -
1980 $2,158 - $595 -
1979 $1,865 - $527 -
1978 $1,618 - $515 -
1977 $1,388 - $446 -
1976 $1,249 - $387 -
1975 $1,083 - $355 -
1974 $956 - $320 -
1973 $876 - $276.1 -
1972 $710 - $239.8 -
1971 $607 - $218.4 -
1970 $559 - $211.3 -
1969 $527 - $394 -
1968 $476 - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $1,278 in Tanzania, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Tanzania ranks 165th at $4,221.

Economic indicators

Hungary Tanzania
Gross domestic product
$246B
2025
$90.1B
2025
GDP rank
55/197
2025
83/197
2025
GDP growth
0.51%
2024-2025
5.85%
2024-2025
GDP per capita
$25,907
2025
$1,278
2025
GDP per capita rank
52/197
2025
171/197
2025
GDP per capita, PPP
$48,552
2024
$4,221
2024
GDP per capita PPP rank
48/197
2024
165/197
2024
Government debt
$185B
2025
$44.8B
2025
Debt-to-GDP ratio
75.2%
2025
49.7%
2025
Government debt per person
$19,473
2025
$635
2025
Government debt per person rank
33/185
2025
159/185
2025
Average annual personal income after taxes
$18,331
2026
$1,203
2026
Market capitalization of domestic companies
$62.6B
2025
$9.78B
2025
Number of millionaires
27,000
2026
n/a
Number of billionaires
4
2026
1
2026
Income share by richest 10%
24.4%
2022
33.1%
2018
Income share by poorest 10%
2.8%
2022
2.9%
2018
Government expenditure, % of GDP
47.5%
2025
19.9%
2025
Consumer prices inflation
4.41%
2024-2025
3.33%
2024-2025
Central bank interest rate
6.25%
2026
5.75%
2025
Unemployment rate
4.4%
2025
2.43%
2024
Population
9454659
73639263

Spending and national debt comparison by year

Hungary
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Hungary Tanzania
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 19.9% 49.7%
2024 46.9% 73.5% 19.1% 49.9%
2023 49.3% 73.2% 19% 47.8%
2022 48.9% 74.1% 19.1% 44.9%
2021 48.1% 76.2% 18.4% 43.4%
2020 51% 78.7% 17.4% 41.3%
2019 45.8% 65% 17.3% 40.4%
2018 45.9% 68.8% 17.3% 42%
2017 46.6% 72% 16.4% 40.1%
2016 46.7% 74.6% 16.9% 39.8%
2015 50.4% 75.7% 17.2% 39.5%
2014 50% 76.5% 17.3% 36.4%
2013 50.1% 77.2% 18.8% 32.7%
2012 49.2% 78.4% 19.6% 30%
2011 49.1% 80.5% 19% 28.4%
2010 48.9% 80.2% 19.8% 27.6%
2009 50.7% 78.2% 19.6% 23.9%
2008 48.8% 71.8% 18.1% 21.6%
2007 49.9% 65.6% 17.8% 23.8%
2006 51.4% 64.5% 17.6% 17.4%
2005 49.4% 60.6% 18.3% 25.4%
2004 48.8% 58.9% 17% 44.5%
2003 49.2% 58.2% 15.4% 44.4%
2002 51% 55.6% 13.6% 47.4%
2001 47.2% 52.2% 12.4% 50.8%
2000 47.3% 55.6% 12.3% 55.4%
1999 48.9% 60.3% 12.8% 62.9%
1998 50.7% 60.4% 11.4% 62.2%
1997 49.5% 62.2% 12.8% 73.4%
1996 50.9% 71.2% 13.4% 89.6%
1995 55% 83.9% 15.6% 111.1%
1994 - 86.2% 16.8% 126%
1993 - 87.2% 16.4% 129.2%
1992 - 76.5% 17.6% 117.6%
1991 - 74.2% 14.2% 106.5%
1990 - 63.7% - -
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2000, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Tanzania spent $18B, or 19.9% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 49.7% in Tanzania, ranking 50/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Tanzania
1x
Year Deficit/surplus, % of GDP
Hungary Tanzania
2025 -4.68% -3.04%
2024 -4.9% -3.03%
2023 -6.77% -3.67%
2022 -6.19% -3.92%
2021 -7.11% -3.55%
2020 -7.49% -2.56%
2019 -2.02% -2.06%
2018 -2.05% -2.01%
2017 -2.45% -1.14%
2016 -1.79% -2.08%
2015 -2% -3.17%
2014 -2.77% -2.91%
2013 -2.6% -3.76%
2012 -2.33% -4%
2011 -5.22% -3.51%
2010 -4.44% -4.74%
2009 -4.76% -4.46%
2008 -3.78% -1.92%
2007 -5.09% -1.44%
2006 -9.27% -3.38%
2005 -7.79% -3.28%
2004 -6.6% -2.43%
2003 -7.19% -1.77%
2002 -8.79% -0.73%
2001 -4% -0.41%
2000 -3.04% -0.73%
1999 -5.27% -1.14%
1998 -7.41% 0.13%
1997 -5.54% -0.03%
1996 -4.36% 1.57%
1995 -8.57% -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%
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/tanzania | 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 Tanzania's deficit of $2.74B, or 3.04% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Tanzania ran a deficit in 29 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to deficit of 2.3% of GDP for Tanzania.

Inflation comparison by year

Inflation
Hungary

Tanzania
1x
Year Consumer prices inflation
Hungary Tanzania
2025 4.41% 3.33%
2024 3.7% 3.06%
2023 17.1% 3.8%
2022 14.6% 4.35%
2021 5.11% 3.69%
2020 3.33% 3.29%
2019 3.34% 3.46%
2018 2.85% 3.49%
2017 2.35% 5.32%
2016 0.39% 5.17%
2015 -0.06% 5.59%
2014 -0.23% 6.13%
2013 1.73% 7.87%
2012 5.65% 16%
2011 3.93% 12.7%
2010 4.86% 6.2%
2009 4.21% 12.1%
2008 6.04% 10.3%
2007 7.96% 7.03%
2006 3.93% 7.25%
2005 3.56% 5.03%
2004 6.74% 4.74%
2003 4.66% 5.3%
2002 5.27% 5.32%
2001 9.12% 5.15%
2000 9.8% 5.92%
1999 10% 7.89%
1998 14.2% 12.8%
1997 18.3% 16.1%

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

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 6.84% in Tanzania. In 2025, inflation was 4.41% in Hungary and 3.33% in Tanzania.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $2.24M
Chemicals & pharma $1.66M
Raw materials & minerals $437K
Metals $69K
Textiles & consumer goods $61K
Wood & paper products $48K
Raw agricultural goods $7K
Animal & marine products $1K
Miscellaneous $1K
Tanzania
Export category Export value
Machinery & equipment $1.71M
Processed food, beverages & tobacco $470K
Textiles & consumer goods $33K
Wood & paper products $13K
Animal & marine products $5K
Metals $5K
Raw agricultural goods $3K

Balance of trade

Hungary Tanzania
Current account balance
$4.08B
2025
-$2.38B
2024
Current account balance ranking
34/190
2025
144/190
2024
Current account balance, % of GDP
+1.65%
2025
-3%
2024
Goods imports
$139B
2025
$14.2B
2024
Goods exports
$136B
2025
$9.12B
2024
Service imports
$29.8B
2025
$2.8B
2024
Service exports
$43.1B
2025
$6.85B
2024
Imports of goods and services, % of GDP
68.1%
2025
20%
2025
Exports of goods and services, % of GDP
72.6%
2025
19%
2025

Economic freedom indices

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

Hungary Tanzania
Economic freedom 62.5 59
Economic freedom ranking 86/197 106/197
Property rights 67.3 45.2
Government integrity 44 40.9
Judicial effectiveness 61.9 29.6
Tax burden 85.1 80.4
Government spending 30.2 89.1
Fiscal health 32.7 75
Business freedom 70.8 48.1
Labor freedom 56.5 62.3
Monetary freedom 72.1 73.4
Trade freedom 79.4 58.8
Investment freedom 80 55
Financial freedom 70 50

Economic freedom comparison by year

Hungary
Tanzania
1x
Year Economic freedom index
Hungary Tanzania
2026 62.5 59
2025 61.4 59.3
2024 61.2 59.1
2023 64.1 60
2022 66.9 59.5
2021 67.2 61.3
2020 66.4 61.7
2019 65 60.2
2018 66.7 59.9
2017 65.8 58.6
2016 66 58.5
2015 66.8 57.5
2014 67 57.8
2013 67.3 57.9
2012 67.1 57
2011 66.6 57
2010 66.1 58.3
2009 66.8 58.3
2008 67.6 56.5
2007 64.8 56.8
2006 65 58.5
2005 63.5 56.3
2004 62.7 60.1
2003 63 56.9
2002 64.5 58.3
2001 65.6 54.9
2000 64.4 56
1999 59.6 60
1998 56.9 59.6
1997 55.3 59.3
1996 56.8 57.5
1995 55.2 57.3

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

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Tanzania
Services, % of GDP
60.1%
2025
28.8%
2025
Industry, % of GDP
23%
2025
29.8%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
22.9%
2025
GNI, Atlas method
$227B
2025
$87B
2025
GNI per capita, PPP
$48,630
2025
$4,370
2025
Total reserves including gold
$59.1B
2025
$5.05B
2018
Total reserves ranking
42/177
2025
106/177
2018
Net foreign direct investment
$9.1B
2025
-$1.72B
2024
Net inflows of foreign direct investment
-$61.3B
2024
$1.72B
2024
Net outflows of foreign direct investment
-$76.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.56%
2024
Poverty at national poverty lines
12.1%
2021
26.4%
2018
Gross capital formation, % of GDP
22.2%
2025
40.7%
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/tanzania | 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 (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–2000, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.