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Economy of Hungary vs Tonga compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $679M for Tonga, ranking 55/197 and 191/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Hungary vs Tonga GDP by year

Hungary
Tonga
1x
Year GDP, current $
Hungary Tonga
2025 $246,490,213,513 $679,218,219
2024 $222,848,211,034 $647,488,244
2023 $213,029,511,029 $591,139,734
2022 $177,002,580,544 $556,514,556
2021 $183,282,685,440 $519,306,339
2020 $158,468,487,754 $506,571,487
2019 $164,936,682,034 $506,031,248
2018 $161,184,691,014 $493,530,767
2017 $143,335,098,992 $459,976,847
2016 $128,983,560,865 $420,828,255
2015 $125,244,126,623 $437,525,539
2014 $141,128,696,412 $440,997,735
2013 $135,646,053,779 $451,788,498
2012 $128,470,269,690 $471,122,971
2011 $141,712,804,954 $414,143,828
2010 $131,898,737,241 $366,887,375
2009 $130,807,441,076 $312,415,028
2008 $158,228,265,916 $344,438,844
2007 $140,123,326,896 $298,519,623
2006 $115,604,111,412 $292,232,703
2005 $113,098,237,571 $261,823,805
2004 $104,015,363,080 $230,678,011
2003 $85,190,469,121 $202,246,591
2002 $67,636,468,625 $182,764,281
2001 $53,800,068,066 $181,117,230
2000 $47,275,954,429 $204,848,488
1999 $49,160,204,397 $199,208,718
1998 $48,784,412,624 $191,504,893
1997 $47,398,564,799 $214,991,452
1996 $46,833,767,124 $222,100,576
1995 $46,577,614,589 $208,871,666
1994 $43,307,949,890 $195,990,986
1993 $40,256,233,360 $138,489,884
1992 $38,857,339,125 $137,066,291
1991 $34,867,307,353 $132,201,141
1990 $34,478,360,679 $113,563,822
1989 $30,422,508,938 $106,344,855
1988 $29,799,838,597 $106,657,267
1987 $27,232,016,527 $81,667,133
1986 $24,778,163,812 $68,195,856
1985 $21,510,643,750 $60,058,663
1984 $21,242,726,264 $64,248,355
1983 $21,910,365,258 $60,863,964
1982 $24,141,667,188 $62,068,161
1981 $23,705,883,892 $62,242,013
1980 $23,116,977,148 $53,260,077
1979 $19,959,731,325 $44,667,002
1978 $17,286,744,154 $41,567,472
1977 $14,783,674,055 $34,139,388
1976 $13,235,612,079 $30,036,417
1975 $11,420,392,515 $32,506,742
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 (1968–2025, retrieved 2026-07-08).

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

GDP per capita in Hungary vs Tonga by year

Hungary
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $6,547 -
2024 $23,305 $48,552 $6,215 -
2023 $22,209 $46,592 $5,652 $7,803
2022 $18,428 $44,366 $5,298 $7,296
2021 $19,031 $38,887 $4,923 $6,929
2020 $16,387 $35,584 $4,792 $6,676
2019 $17,013 $35,627 $4,789 $6,473
2018 $16,605 $32,258 $4,675 $6,393
2017 $14,736 $29,728 $4,366 $6,229
2016 $13,216 $28,179 $3,988 $5,920
2015 $12,783 $26,938 $4,124 $5,472
2014 $14,353 $25,796 $4,137 $5,336
2013 $13,739 $24,592 $4,219 $5,120
2012 $12,950 $23,205 $4,384 $4,996
2011 $14,211 $22,992 $3,850 $4,855
2010 $13,190 $21,691 $3,416 $4,465
2009 $13,051 $20,691 $2,914 $4,384
2008 $15,763 $20,709 $3,218 $4,600
2007 $13,935 $19,089 $2,797 $4,316
2006 $11,478 $18,362 $2,750 $4,327
2005 $11,212 $17,091 $2,478 $4,315
2004 $10,291 $16,251 $2,195 $4,235
2003 $8,410 $15,460 $1,936 $4,231
2002 $6,658 $14,532 $1,759 $4,171
2001 $5,281 $13,223 $1,754 $3,955
2000 $4,630 $11,872 $1,995 $3,834
1999 $4,802 $10,892 $1,952 $3,636
1998 $4,752 $10,415 $1,889 $3,527
1997 $4,606 $9,846 $2,136 $3,434
1996 $4,542 $9,388 $2,215 $3,410
1995 $4,509 $9,222 $2,084 $3,347
1994 $4,187 $8,888 $1,957 $3,088
1993 $3,887 $8,441 $1,383 $2,882
1992 $3,747 $8,284 $1,370 $2,716
1991 $3,361 $8,352 $1,323 $2,652
1990 $3,324 $9,169 $1,139 $2,416
1989 $2,902 - $1,070 -
1988 $2,812 - $1,078 -
1987 $2,566 - $830 -
1986 $2,331 - $696 -
1985 $2,020 - $613 -
1984 $1,991 - $656 -
1983 $2,050 - $621 -
1982 $2,255 - $633 -
1981 $2,213 - $636 -
1980 $2,158 - $545 -
1979 $1,865 - $458 -
1978 $1,618 - $428 -
1977 $1,388 - $353 -
1976 $1,249 - $315 -
1975 $1,083 - $349 -
1974 $956 - - -
1973 $876 - - -
1972 $710 - - -
1971 $607 - - -
1970 $559 - - -
1969 $527 - - -
1968 $476 - - -

Data sources: World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08).

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Tonga ranks 144th at $7,803.

Economic indicators

Hungary Tonga
Gross domestic product
$246B
2025
$679M
2025
GDP rank
55/197
2025
191/197
2025
GDP growth
0.51%
2024-2025
2.8%
2024-2025
GDP per capita
$25,907
2025
$6,547
2025
GDP per capita rank
52/197
2025
110/197
2025
GDP per capita, PPP
$48,552
2024
$7,803
2023
GDP per capita PPP rank
48/197
2024
144/197
2023
Government debt
$185B
2025
$186M
2025
Debt-to-GDP ratio
75.2%
2025
27.4%
2025
Government debt per person
$19,473
2025
$1,793
2025
Government debt per person rank
33/185
2025
123/185
2025
Average annual personal income after taxes
$18,331
2026
$4,104
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
22%
2021
Income share by poorest 10%
2.8%
2022
4%
2021
Government expenditure, % of GDP
47.5%
2025
46.8%
2025
Consumer prices inflation
4.41%
2024-2025
5.59%
2024-2025
Central bank interest rate
6.25%
2026
n/a
Unemployment rate
4.4%
2025
1.65%
2023
Population
9454659
103283

Spending and national debt comparison by year

Hungary
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Hungary Tonga
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 46.8% 27.4%
2024 46.9% 73.5% 44.3% 31.9%
2023 49.3% 73.2% 41.5% 37.2%
2022 48.9% 74.1% 41.3% 40.2%
2021 48.1% 76.2% 44.5% 43%
2020 51% 78.7% 37.1% 41.7%
2019 45.8% 65% 39% 41.8%
2018 45.9% 68.8% 39.3% 45.5%
2017 46.6% 72% 39.7% 44.7%
2016 46.7% 74.6% 37.2% 49.4%
2015 50.4% 75.7% 37.4% 51.1%
2014 50% 76.5% 31.5% 47.4%
2013 50.1% 77.2% 34.3% 48.9%
2012 49.2% 78.4% 32% 60%
2011 49.1% 80.5% 32.6% 51.9%
2010 48.9% 80.2% 28.4% 44.7%
2009 50.7% 78.2% 23.9% 39.7%
2008 48.8% 71.8% 24% 34%
2007 49.9% 65.6% 23.2% 37.8%
2006 51.4% 64.5% 25.6% 39.6%
2005 49.4% 60.6% 19.8% 43.3%
2004 48.8% 58.9% 19.3% 52.2%
2003 49.2% 58.2% 20% 56.2%
2002 51% 55.6% 21.3% 60.7%
2001 47.2% 52.2% 19.1% 53.4%
2000 47.3% 55.6% 20% 43.6%
1999 48.9% 60.3% 18.8% 38.4%
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/tonga | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 27.4% in Tonga, ranking 50/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Tonga
1x
Year Deficit/surplus, % of GDP
Hungary Tonga
2025 -4.68% 4.86%
2024 -4.9% 3.6%
2023 -6.77% 5.28%
2022 -6.19% -0.09%
2021 -7.11% -0.87%
2020 -7.49% 5.15%
2019 -2.02% 3.2%
2018 -2.05% 2.9%
2017 -2.45% 3.58%
2016 -1.79% 1.47%
2015 -2% -2.75%
2014 -2.77% 6.38%
2013 -2.6% -1.3%
2012 -2.33% -1.74%
2011 -5.22% -6.02%
2010 -4.44% -1.22%
2009 -4.76% 6.85%
2008 -3.78% 2.14%
2007 -5.09% 5.39%
2006 -9.27% 1.34%
2005 -7.79% 4.23%
2004 -6.6% 4.23%
2003 -7.19% 2.37%
2002 -8.79% 2.59%
2001 -4% 2.23%
2000 -3.04% 1.35%
1999 -5.27% 1.55%
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/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Hungary recorded a fiscal deficit in 27 of those years, while Tonga ran a deficit in 7 years. On average, Hungary posted an annual deficit equal to 4.83% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Hungary

Tonga
1x
Year Consumer prices inflation
Hungary Tonga
2025 4.41% 5.59%
2024 3.7% 3.18%
2023 17.1% 6.35%
2022 14.6% 11%
2021 5.11% 5.64%
2020 3.33% -0.35%
2019 3.34% 1.18%
2018 2.85% 5.03%
2017 2.35% 7.52%
2016 0.39% 2.58%
2015 -0.06% -1.05%
2014 -0.23% 2.51%
2013 1.73% 0.78%
2012 5.65% 1.15%
2011 3.93% 6.27%
2010 4.86% 3.53%
2009 4.21% 1.43%
2008 6.04% 10.4%
2007 7.96% 5.84%
2006 3.93% 6.15%
2005 3.56% 8.67%
2004 6.74% 11%
2003 4.66% 11.6%
2002 5.27% 10.4%
2001 9.12% 8.29%
2000 9.8% 6.33%
1999 10% 4.46%
1998 14.2% 3.27%
1997 18.3% 2.12%

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

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 5.2% in Tonga. In 2025, inflation was 4.41% in Hungary and 5.59% in Tonga.

Balance of trade

Hungary Tonga
Current account balance
$4.08B
2025
-$43.5M
2024
Current account balance ranking
34/190
2025
76/190
2024
Current account balance, % of GDP
+1.65%
2025
-6.72%
2024
Goods imports
$139B
2025
$232M
2024
Goods exports
$136B
2025
$10.8M
2024
Service imports
$29.8B
2025
$161M
2024
Service exports
$43.1B
2025
$93.6M
2024
Imports of goods and services, % of GDP
68.1%
2025
60.7%
2024
Exports of goods and services, % of GDP
72.6%
2025
16.9%
2024

Economic freedom indices

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

Hungary Tonga
Economic freedom 62.5 58.9
Economic freedom ranking 86/197 107/197
Property rights 67.3 71.1
Government integrity 44 45.1
Judicial effectiveness 61.9 64.9
Tax burden 85.1 85.6
Government spending 30.2 31
Fiscal health 32.7 97.3
Business freedom 70.8 59.2
Labor freedom 56.5 55.9
Monetary freedom 72.1 61
Trade freedom 79.4 75.4
Investment freedom 80 40
Financial freedom 70 20

Economic freedom comparison by year

Hungary
Tonga
1x
Year Economic freedom index
Hungary Tonga
2026 62.5 58.9
2025 61.4 58.5
2024 61.2 59.2
2023 64.1 60
2022 66.9 60.8
2021 67.2 57.5
2020 66.4 58.8
2019 65 57.7
2018 66.7 63.1
2017 65.8 63
2016 66 59.6
2015 66.8 59.3
2014 67 58.2
2013 67.3 56
2012 67.1 57
2011 66.6 55.8
2010 66.1 53.4
2009 66.8 54.1
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 2026-07-08).

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Tonga
Services, % of GDP
60.1%
2025
49.5%
2024
Industry, % of GDP
23%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
18.6%
2024
GNI, Atlas method
$227B
2025
$709M
2025
GNI per capita, PPP
$48,630
2025
$9,240
2025
Total reserves including gold
$59.1B
2025
$413M
2025
Total reserves ranking
42/177
2025
162/177
2025
Net foreign direct investment
$9.1B
2025
$13.3M
2024
Net inflows of foreign direct investment
-$61.3B
2024
-$12.1M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
6.33%
2024
Poverty at national poverty lines
12.1%
2021
20.6%
2021
Gross capital formation, % of GDP
22.2%
2025
26.4%
2024

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/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2025, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.