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Economy of Hungary vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $552B for the United Arab Emirates, ranking 55/197 and 31/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Hungary vs United Arab Emirates GDP by year

Hungary
United Arab Emirates
1x
Year GDP, current $
Hungary UAE
2025 $246,490,213,513 -
2024 $222,848,211,034 $552,324,919,096
2023 $213,029,511,029 $522,622,268,401
2022 $177,002,580,544 $511,403,404,642
2021 $183,282,685,440 $422,441,282,436
2020 $158,468,487,754 $357,161,776,271
2019 $164,936,682,034 $433,926,218,686
2018 $161,184,691,014 $440,560,003,161
2017 $143,335,098,992 $403,365,056,079
2016 $128,983,560,865 $381,717,208,621
2015 $125,244,126,623 $381,973,135,513
2014 $141,128,696,412 $424,935,834,104
2013 $135,646,053,779 $409,632,574,703
2012 $128,470,269,690 $392,793,559,051
2011 $141,712,804,954 $368,881,033,963
2010 $131,898,737,241 $307,736,348,527
2009 $130,807,441,076 $253,547,358,747
2008 $158,228,265,916 $315,474,615,741
2007 $140,123,326,896 $257,916,148,767
2006 $115,604,111,412 $222,116,532,963
2005 $113,098,237,571 $180,617,467,954
2004 $104,015,363,080 $147,824,249,958
2003 $85,190,469,121 $124,346,476,180
2002 $67,636,468,625 $109,816,091,079
2001 $53,800,068,066 $103,311,631,797
2000 $47,275,954,429 $104,337,463,730
1999 $49,160,204,397 $84,445,399,335
1998 $48,784,412,624 $75,674,384,205
1997 $47,398,564,799 $78,838,886,862
1996 $46,833,767,124 $73,571,217,377
1995 $46,577,614,589 $65,743,604,966
1994 $43,307,949,890 $59,305,111,228
1993 $40,256,233,360 $55,625,269,485
1992 $38,857,339,125 $54,239,188,746
1991 $34,867,307,353 $51,552,058,250
1990 $34,478,360,679 $50,701,374,187
1989 $30,422,508,938 $41,464,966,302
1988 $29,799,838,597 $36,275,613,877
1987 $27,232,016,527 $36,384,802,310
1986 $24,778,163,812 $33,943,568,481
1985 $21,510,643,750 $40,603,631,079
1984 $21,242,726,264 $41,807,931,453
1983 $21,910,365,258 $42,803,373,390
1982 $24,141,667,188 $46,622,715,281
1981 $23,705,883,892 $49,333,471,895
1980 $23,116,977,148 $43,599,134,193
1979 $19,959,731,325 $31,225,557,022
1978 $17,286,744,154 $23,775,718,541
1977 $14,783,674,055 $24,871,660,292
1976 $13,235,612,079 $19,213,212,475
1975 $11,420,392,515 $14,720,729,969
1974 $10,016,338,179 $11,651,505,689
1973 $9,138,292,402 $4,231,243,616
1972 $7,379,313,742 $1,415,086,929
1971 $6,291,568,221 $939,893,600
1970 $5,780,929,203 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Hungary vs United Arab Emirates by year

Hungary
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - - -
2024 $23,305 $48,552 $50,274 $79,229
2023 $22,209 $46,592 $49,851 $77,955
2022 $18,428 $44,366 $50,760 $75,072
2021 $19,031 $38,887 $44,118 $68,580
2020 $16,387 $35,584 $37,992 $66,791
2019 $17,013 $35,627 $45,939 $79,816
2018 $16,605 $32,258 $47,135 $77,446
2017 $14,736 $29,728 $43,734 $70,282
2016 $13,216 $28,179 $42,721 $69,987
2015 $12,783 $26,938 $44,910 $73,986
2014 $14,353 $25,796 $52,725 $87,478
2013 $13,739 $24,592 $53,247 $87,526
2012 $12,950 $23,205 $53,142 $89,198
2011 $14,211 $22,992 $51,922 $89,665
2010 $13,190 $21,691 $44,795 $85,120
2009 $13,051 $20,691 $37,803 $84,780
2008 $15,763 $20,709 $50,054 $94,628
2007 $13,935 $19,089 $45,855 $100,813
2006 $11,478 $18,362 $44,343 $106,814
2005 $11,212 $17,091 $38,719 $101,301
2004 $10,291 $16,251 $33,377 $98,661
2003 $8,410 $15,460 $29,660 $92,636
2002 $6,658 $14,532 $27,754 $88,467
2001 $5,281 $13,223 $27,745 $90,370
2000 $4,630 $11,872 $29,866 $92,899
1999 $4,802 $10,892 $25,856 $87,658
1998 $4,752 $10,415 $24,889 $90,229
1997 $4,606 $9,846 $27,983 $96,009
1996 $4,542 $9,388 $28,323 $94,620
1995 $4,509 $9,222 $27,003 $93,702
1994 $4,187 $8,888 $25,473 $89,959
1993 $3,887 $8,441 $25,033 $86,330
1992 $3,747 $8,284 $25,648 $87,509
1991 $3,361 $8,352 $25,691 $87,250
1990 $3,324 $9,169 $26,710 $88,455
1989 $2,902 - $23,167 -
1988 $2,812 - $21,570 -
1987 $2,566 - $23,113 -
1986 $2,331 - $23,132 -
1985 $2,020 - $29,468 -
1984 $1,991 - $32,012 -
1983 $2,050 - $34,650 -
1982 $2,255 - $39,972 -
1981 $2,213 - $44,855 -
1980 $2,158 - $42,925 -
1979 $1,865 - $34,238 -
1978 $1,618 - $29,379 -
1977 $1,388 - $35,020 -
1976 $1,249 - $31,197 -
1975 $1,083 - $27,117 -
1974 $956 - $23,823 -
1973 $876 - $9,696 -
1972 $710 - $3,675 -
1971 $607 - $2,805 -
1970 $559 - $2,394 -
1969 $527 - - -
1968 $476 - - -

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

GeoRank.org/economy/hungary/united-arab-emirates | CC BY

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Hungary UAE
Gross domestic product
$246B
2025
$552B
2024
GDP rank
55/197
2025
31/197
2024
GDP growth
0.51%
2024-2025
3.99%
2023-2024
GDP per capita
$25,907
2025
$50,274
2024
GDP per capita rank
52/197
2025
25/197
2024
GDP per capita, PPP
$48,552
2024
$79,229
2024
GDP per capita PPP rank
48/197
2024
16/197
2024
Government debt
$185B
2025
$193B
2024
Debt-to-GDP ratio
75.2%
2025
34.3%
2025
Government debt per person
$19,473
2025
$17,568
2024
Government debt per person rank
33/185
2025
37/185
2024
Average annual personal income after taxes
$18,331
2026
$40,096
2026
Market capitalization of domestic companies
$62.6B
2025
$1.11T
2025
Number of millionaires
27,000
2026
183,000
2026
Number of billionaires
4
2026
6
2026
Income share by richest 10%
24.4%
2022
20.5%
2018
Income share by poorest 10%
2.8%
2022
2.8%
2018
Government expenditure, % of GDP
47.5%
2025
22.6%
2025
Consumer prices inflation
4.41%
2024-2025
1.3%
2024-2025
Central bank interest rate
6.25%
2026
3.65%
2025
Unemployment rate
4.4%
2025
1.88%
2024
Population
9454659
11885001

Spending and national debt comparison by year

Hungary
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Hungary UAE
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 22.6% 34.3%
2024 46.9% 73.5% 21.4% 34.9%
2023 49.3% 73.2% 22.7% 31.9%
2022 48.9% 74.1% 22.7% 31.5%
2021 48.1% 76.2% 25.9% 35.7%
2020 51% 78.7% 30.5% 30.1%
2019 45.8% 65% 27.4% 25.8%
2018 45.9% 68.8% 25.9% 20.7%
2017 46.6% 72% 27.2% 21.2%
2016 46.7% 74.6% 31.7% 18.6%
2015 50.4% 75.7% 26.4% 15.6%
2014 50% 76.5% 31.4% 13.5%
2013 50.1% 77.2% 28.9% 15.3%
2012 49.2% 78.4% 27.8% 20.2%
2011 49.1% 80.5% 29.6% 20.4%
2010 48.9% 80.2% 30.4% 18.3%
2009 50.7% 78.2% 35% 21.1%
2008 48.8% 71.8% 22% 8.95%
2007 49.9% 65.6% 17.7% 8.89%
2006 51.4% 64.5% 15.6% 5.05%
2005 49.4% 60.6% 15.7% 4.48%
2004 48.8% 58.9% 17.7% 4.08%
2003 49.2% 58.2% 20% 3.33%
2002 51% 55.6% 21.3% 3.43%
2001 47.2% 52.2% 25.2% 2.69%
2000 47.3% 55.6% 21.8% 3.12%
1999 48.9% 60.3% 24.3% 4.73%
1998 50.7% 60.4% 25.8% 4.18%
1997 49.5% 62.2% 22.6% 2.86%
1996 50.9% 71.2% 27.6% 3.48%
1995 55% 83.9% 26.1% 5.06%
1994 - 86.2% 30.1% 5.58%
1993 - 87.2% 31.5% 6.01%
1992 - 76.5% 29.6% 5.31%
1991 - 74.2% 36% 4.97%
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 (1989–1998, retrieved 2026-07-08).

GeoRank.org/economy/hungary/united-arab-emirates | CC BY

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 34.3% in the United Arab Emirates, ranking 50/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Hungary UAE
2025 -4.68% 5.15%
2024 -4.9% 6.41%
2023 -6.77% 5.82%
2022 -6.19% 9.8%
2021 -7.11% 3.96%
2020 -7.49% -2.42%
2019 -2.02% 2.5%
2018 -2.05% 3.65%
2017 -2.45% -0.16%
2016 -1.79% -2.95%
2015 -2% -6.35%
2014 -2.77% 1.74%
2013 -2.6% 7.99%
2012 -2.33% 8.59%
2011 -5.22% 5.05%
2010 -4.44% 0.52%
2009 -4.76% -6.13%
2008 -3.78% 17.6%
2007 -5.09% 17.1%
2006 -9.27% 20.2%
2005 -7.79% 16%
2004 -6.6% 6.4%
2003 -7.19% 2.35%
2002 -8.79% -1.24%
2001 -4% 1.21%
2000 -3.04% 10.7%
1999 -5.27% 1.31%
1998 -7.41% 1%
1997 -5.54% 6.71%
1996 -4.36% 0.92%
1995 -8.57% 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%
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/united-arab-emirates | CC BY

In 2024, Hungary's government deficit, the difference between spending and revenue, was $10.9B, equivalent to 4.9% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 30 years, Hungary recorded a fiscal deficit in 30 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Hungary posted an annual deficit equal to 5.05% of GDP, compared to surplus of 4.73% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Hungary

United Arab Emirates
1x
Year Consumer prices inflation
Hungary UAE
2025 4.41% 1.3%
2024 3.7% 1.7%
2023 17.1% 1.6%
2022 14.6% 4.8%
2021 5.11% -0.1%
2020 3.33% -2.1%
2019 3.34% -1.9%
2018 2.85% 3.1%
2017 2.35% 2%
2016 0.39% 1.6%
2015 -0.06% 4.1%
2014 -0.23% 2.3%
2013 1.73% 1.1%
2012 5.65% 0.7%
2011 3.93% 0.9%
2010 4.86% 0.9%
2009 4.21% -4.7%
2008 6.04% 12.3%
2007 7.96% 11.1%
2006 3.93% 9.3%
2005 3.56% 6.2%
2004 6.74% 5%
2003 4.66% 3.1%
2002 5.27% 2.9%
2001 9.12% 2.8%
2000 9.8% 1.3%
1999 10% 2.1%
1998 14.2% 2%
1997 18.3% 3%

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/united-arab-emirates | CC BY

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 4.41% in Hungary and 1.3% in the United Arab Emirates.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $357M
Raw materials & minerals $50.1M
Textiles & consumer goods $41.3M
Processed food, beverages & tobacco $16.9M
Chemicals & pharma $14.1M
Animal & marine products $7.31M
Metals $6.74M
Miscellaneous $3.34M
Wood & paper products $3.26M
Raw agricultural goods $1.23M
UAE
Export category Export value
Machinery & equipment $114M
Chemicals & pharma $10.3M
Processed food, beverages & tobacco $1.67M
Metals $1.06M
Textiles & consumer goods $870K
Precious metals & jewellery $264K
Wood & paper products $106K
Raw materials & minerals $84K
Raw agricultural goods $81K
Animal & marine products $32K

Balance of trade

Hungary UAE
Current account balance
$4.08B
2025
$80B
2024
Current account balance ranking
34/190
2025
9/190
2024
Current account balance, % of GDP
+1.65%
2025
+14.5%
2024
Goods imports
$139B
2025
$400B
2024
Goods exports
$136B
2025
$467B
2024
Service imports
$29.8B
2025
$117B
2024
Service exports
$43.1B
2025
$181B
2024
Imports of goods and services, % of GDP
68.1%
2025
92.2%
2023
Exports of goods and services, % of GDP
72.6%
2025
106.8%
2023

Economic freedom indices

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

Hungary UAE
Economic freedom 62.5 71.9
Economic freedom ranking 86/197 29/197
Property rights 67.3 62.9
Government integrity 44 65.3
Judicial effectiveness 61.9 34.4
Tax burden 85.1 99.9
Government spending 30.2 85.1
Fiscal health 32.7 97.6
Business freedom 70.8 84.5
Labor freedom 56.5 63.2
Monetary freedom 72.1 81.2
Trade freedom 79.4 78.6
Investment freedom 80 50
Financial freedom 70 60

Economic freedom comparison by year

Hungary
United Arab Emirates
1x
Year Economic freedom index
Hungary UAE
2026 62.5 71.9
2025 61.4 71.6
2024 61.2 71.1
2023 64.1 70.9
2022 66.9 70.2
2021 67.2 76.9
2020 66.4 76.2
2019 65 77.6
2018 66.7 77.6
2017 65.8 76.9
2016 66 72.6
2015 66.8 72.4
2014 67 71.4
2013 67.3 71.1
2012 67.1 69.3
2011 66.6 67.8
2010 66.1 67.3
2009 66.8 64.7
2008 67.6 62.6
2007 64.8 62.6
2006 65 62.2
2005 63.5 65.2
2004 62.7 67.2
2003 63 73.4
2002 64.5 73.6
2001 65.6 74.9
2000 64.4 74.2
1999 59.6 71.5
1998 56.9 72.2
1997 55.3 71.9
1996 56.8 71.6
1995 55.2 -

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

GeoRank.org/economy/hungary/united-arab-emirates | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary UAE
Services, % of GDP
60.1%
2025
54.9%
2024
Industry, % of GDP
23%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
0.77%
2024
GNI, Atlas method
$227B
2025
$566B
2024
GNI per capita, PPP
$48,630
2025
$81,640
2024
Total reserves including gold
$59.1B
2025
$292B
2025
Total reserves ranking
42/177
2025
14/177
2025
Net foreign direct investment
$9.1B
2025
$31.5B
2024
Net inflows of foreign direct investment
-$61.3B
2024
$45.6B
2024
Net outflows of foreign direct investment
-$76.3B
2024
$77.2B
2024
Poverty at national poverty lines
12.1%
2021
19.5%
2020
Gross capital formation, % of GDP
22.2%
2025
26.6%
2023

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/united-arab-emirates | 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 (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 (1927–1998, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.

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.