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Economy of Hungary vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $147B for Uzbekistan, ranking 55/197 and 61/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Hungary vs Uzbekistan GDP by year

Hungary
Uzbekistan
1x
Year GDP, current $
Hungary Uzbekistan
2025 $246,490,213,513 $147,038,081,129
2024 $222,848,211,034 $121,356,065,241
2023 $213,029,511,029 $107,526,539,716
2022 $177,002,580,544 $94,286,355,836
2021 $183,282,685,440 $81,170,051,811
2020 $158,468,487,754 $70,127,127,133
2019 $164,936,682,034 $70,170,662,563
2018 $161,184,691,014 $61,318,332,403
2017 $143,335,098,992 $72,276,404,058
2016 $128,983,560,865 $97,871,364,319
2015 $125,244,126,623 $97,564,568,987
2014 $141,128,696,412 $91,303,765,114
2013 $135,646,053,779 $82,674,178,352
2012 $128,470,269,690 $75,318,846,931
2011 $141,712,804,954 $67,404,618,405
2010 $131,898,737,241 $55,544,226,553
2009 $130,807,441,076 $33,689,223,673
2008 $158,228,265,916 $29,549,438,884
2007 $140,123,326,896 $22,311,393,928
2006 $115,604,111,412 $17,330,833,853
2005 $113,098,237,571 $14,307,509,839
2004 $104,015,363,080 $12,030,023,548
2003 $85,190,469,121 $10,134,453,435
2002 $67,636,468,625 $9,687,788,513
2001 $53,800,068,066 $11,401,421,329
2000 $47,275,954,429 $13,760,513,969
1999 $49,160,204,397 $17,078,465,982
1998 $48,784,412,624 $14,988,971,211
1997 $47,398,564,799 $14,744,603,774
1996 $46,833,767,124 $13,948,892,216
1995 $46,577,614,589 $13,350,461,265
1994 $43,307,949,890 $12,899,074,922
1993 $40,256,233,360 $13,099,920,056
1992 $38,857,339,125 $12,953,801,760
1991 $34,867,307,353 $13,800,167,712
1990 $34,478,360,679 $13,362,340,338
1989 $30,422,508,938 $11,948,815,258
1988 $29,799,838,597 $10,722,799,639
1987 $27,232,016,527 $8,523,160,593
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 (1968–2025, retrieved 2026-07-08).

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

GDP per capita in Hungary vs Uzbekistan by year

Hungary
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $3,968 -
2024 $23,305 $48,552 $3,337 $11,879
2023 $22,209 $46,592 $3,016 $11,107
2022 $18,428 $44,366 $2,699 $10,293
2021 $19,031 $38,887 $2,370 $9,248
2020 $16,387 $35,584 $2,088 $8,452
2019 $17,013 $35,627 $2,129 $8,544
2018 $16,605 $32,258 $1,894 $8,129
2017 $14,736 $29,728 $2,271 $7,818
2016 $13,216 $28,179 $3,128 $6,919
2015 $12,783 $26,938 $3,173 $6,800
2014 $14,353 $25,796 $3,021 $6,610
2013 $13,739 $24,592 $2,781 $6,413
2012 $12,950 $23,205 $2,574 $6,168
2011 $14,211 $22,992 $2,339 $5,949
2010 $13,190 $21,691 $1,957 $5,505
2009 $13,051 $20,691 $1,206 $5,135
2008 $15,763 $20,709 $1,075 $4,800
2007 $13,935 $19,089 $824 $4,386
2006 $11,478 $18,362 $649 $3,956
2005 $11,212 $17,091 $543 $3,618
2004 $10,291 $16,251 $462 $3,321
2003 $8,410 $15,460 $394 $3,047
2002 $6,658 $14,532 $381 $2,902
2001 $5,281 $13,223 $454 $2,782
2000 $4,630 $11,872 $555 $2,644
1999 $4,802 $10,892 $698 $2,522
1998 $4,752 $10,415 $621 $2,418
1997 $4,606 $9,846 $621 $2,329
1996 $4,542 $9,388 $597 $2,214
1995 $4,509 $9,222 $583 $2,178
1994 $4,187 $8,888 $574 $2,197
1993 $3,887 $8,441 $596 $2,318
1992 $3,747 $8,284 $603 $2,371
1991 $3,361 $8,352 $658 $2,676
1990 $3,324 $9,169 $653 $2,665
1989 $2,902 - $598 -
1988 $2,812 - $551 -
1987 $2,566 - $450 -
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 (1968–2025, retrieved 2026-07-08).

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

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Hungary Uzbekistan
Gross domestic product
$246B
2025
$147B
2025
GDP rank
55/197
2025
61/197
2025
GDP growth
0.51%
2024-2025
7.7%
2024-2025
GDP per capita
$25,907
2025
$3,968
2025
GDP per capita rank
52/197
2025
134/197
2025
GDP per capita, PPP
$48,552
2024
$11,879
2024
GDP per capita PPP rank
48/197
2024
125/197
2024
Government debt
$185B
2025
$42B
2025
Debt-to-GDP ratio
75.2%
2025
28.6%
2025
Government debt per person
$19,473
2025
$1,134
2025
Government debt per person rank
33/185
2025
139/185
2025
Average annual personal income after taxes
$18,331
2026
$3,560
2026
Market capitalization of domestic companies
$62.6B
2025
$23.7B
2025
Number of millionaires
27,000
2026
n/a
Number of billionaires
4
2026
n/a
Income share by richest 10%
24.4%
2022
24.2%
2025
Income share by poorest 10%
2.8%
2022
2.4%
2025
Government expenditure, % of GDP
47.5%
2025
27.4%
2025
Consumer prices inflation
4.41%
2024-2025
8.8%
2024-2025
Central bank interest rate
6.25%
2026
14%
2025
Unemployment rate
4.4%
2025
5.29%
2020
Population
9454659
38082870

Spending and national debt comparison by year

Hungary
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Hungary Uzbekistan
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 27.4% 28.6%
2024 46.9% 73.5% 26.1% 30.9%
2023 49.3% 73.2% 28.6% 30.7%
2022 48.9% 74.1% 30% 29.2%
2021 48.1% 76.2% 26.1% 30.2%
2020 51% 78.7% 24.7% 31.9%
2019 45.8% 65% 23.4% 24.3%
2018 45.9% 68.8% 21.2% 16.7%
2017 46.6% 72% 19.9% 17.3%
2016 46.7% 74.6% 20.5% 7.21%
2015 50.4% 75.7% 21.7% 5.94%
2014 50% 76.5% 22% 5.39%
2013 50.1% 77.2% 22.3% 5.51%
2012 49.2% 78.4% 21.5% 6.06%
2011 49.1% 80.5% 21.1% 5.65%
2010 48.9% 80.2% 23.7% 5.92%
2009 50.7% 78.2% 24.7% 6.57%
2008 48.8% 71.8% 23.8% 7.5%
2007 49.9% 65.6% 22.4% 8.6%
2006 51.4% 64.5% 22.3% 12.2%
2005 49.4% 60.6% 25.3% 18.9%
2004 48.8% 58.9% 26.5% 24.2%
2003 49.2% 58.2% 28.4% 28.3%
2002 51% 55.6% 31.2% 37.5%
2001 47.2% 52.2% 27.6% 40.4%
2000 47.3% 55.6% 29.6% 26.5%
1999 48.9% 60.3% 30.3% 16.6%
1998 50.7% 60.4% 31.6% 16.2%
1997 49.5% 62.2% 28.7% 13.8%
1996 50.9% 71.2% 31.6% -
1995 55% 83.9% 26.5% -
1994 - 86.2% 24.4% -
1993 - 87.2% 35.6% -
1992 - 76.5% 16.2% -
1991 - 74.2% - -
1990 - 63.7% - -
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1994, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 28.6% in Uzbekistan, ranking 50/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Hungary Uzbekistan
2025 -4.68% -1.66%
2024 -4.9% -2.25%
2023 -6.77% -3.85%
2022 -6.19% -3.49%
2021 -7.11% -3.9%
2020 -7.49% -2.8%
2019 -2.02% -0.29%
2018 -2.05% 1.57%
2017 -2.45% 1.04%
2016 -1.79% 0.62%
2015 -2% -0.24%
2014 -2.77% 1.68%
2013 -2.6% 1.9%
2012 -2.33% 5.28%
2011 -5.22% 4.56%
2010 -4.44% 2.29%
2009 -4.76% 1.64%
2008 -3.78% 5.38%
2007 -5.09% 3.2%
2006 -9.27% 2.45%
2005 -7.79% -3.17%
2004 -6.6% -3.37%
2003 -7.19% -4.39%
2002 -8.79% -5.69%
2001 -4% -2.95%
2000 -3.04% -3.29%
1999 -5.27% -2.62%
1998 -7.41% -2.74%
1997 -5.54% -1.85%
1996 -4.36% -1.41%
1995 -8.57% -1.59%
1994 - -4.03%
1993 - -10.8%
1992 - 6.44%
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-07-08).

GeoRank.org/economy/hungary/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Uzbekistan ran a deficit in 19 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Hungary

Uzbekistan
1x
Year Consumer prices inflation
Hungary Uzbekistan
2025 4.41% 8.8%
2024 3.7% 9.6%
2023 17.1% 10%
2022 14.6% 11.4%
2021 5.11% 10.8%
2020 3.33% 12.9%
2019 3.34% 14.5%
2018 2.85% 17.5%
2017 2.35% 13.9%
2016 0.39% 8.8%
2015 -0.06% 8.5%
2014 -0.23% 9.1%
2013 1.73% 11.7%
2012 5.65% 11.9%
2011 3.93% 12.4%
2010 4.86% 12.3%
2009 4.21% 12.3%
2008 6.04% 13.1%
2007 7.96% 11.2%
2006 3.93% 13.1%
2005 3.56% 10.7%
2004 6.74% 7.3%
2003 4.66% 12.5%
2002 5.27% 27.3%
2001 9.12% 27.3%
2000 9.8% 25%
1999 10% 29.1%
1998 14.2% 29%
1997 18.3% 70.9%

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/uzbekistan | CC BY

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 16.3% in Uzbekistan. In 2025, inflation was 4.41% in Hungary and 8.8% in Uzbekistan.

Top exports between countries

Hungary
Export category Export value
Chemicals & pharma $60M
Machinery & equipment $25.7M
Animal & marine products $18.3M
Raw materials & minerals $3.78M
Processed food, beverages & tobacco $2.95M
Raw agricultural goods $2.34M
Textiles & consumer goods $1.33M
Metals $487K
Precious metals & jewellery $345K
Wood & paper products $258K
Uzbekistan
Export category Export value
Machinery & equipment $1.53M
Textiles & consumer goods $722K
Wood & paper products $516K
Raw materials & minerals $437K
Raw agricultural goods $299K
Metals $37K
Chemicals & pharma $30K
Processed food, beverages & tobacco $21K
Manufacturing & construction services $8K

Balance of trade

Hungary Uzbekistan
Current account balance
$4.08B
2025
-$5.78B
2025
Current account balance ranking
34/190
2025
167/190
2025
Current account balance, % of GDP
+1.65%
2025
-3.93%
2025
Goods imports
$139B
2025
$38.5B
2025
Goods exports
$136B
2025
$23B
2025
Service imports
$29.8B
2025
$13.6B
2025
Service exports
$43.1B
2025
$9.27B
2025
Imports of goods and services, % of GDP
68.1%
2025
35.4%
2025
Exports of goods and services, % of GDP
72.6%
2025
22%
2025

Economic freedom indices

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

Hungary Uzbekistan
Economic freedom 62.5 60.3
Economic freedom ranking 86/197 94/197
Property rights 67.3 43.1
Government integrity 44 32
Judicial effectiveness 61.9 13.7
Tax burden 85.1 95
Government spending 30.2 73.7
Fiscal health 32.7 79.9
Business freedom 70.8 62.5
Labor freedom 56.5 48.4
Monetary freedom 72.1 65.1
Trade freedom 79.4 80.6
Investment freedom 80 70
Financial freedom 70 60

Economic freedom comparison by year

Hungary
Uzbekistan
1x
Year Economic freedom index
Hungary Uzbekistan
2026 62.5 60.3
2025 61.4 58
2024 61.2 55.9
2023 64.1 56.5
2022 66.9 55.7
2021 67.2 58.3
2020 66.4 57.2
2019 65 53.3
2018 66.7 51.5
2017 65.8 52.3
2016 66 46
2015 66.8 47
2014 67 46.5
2013 67.3 46
2012 67.1 45.8
2011 66.6 45.8
2010 66.1 47.5
2009 66.8 50.5
2008 67.6 51.9
2007 64.8 51.5
2006 65 48.7
2005 63.5 45.8
2004 62.7 39.1
2003 63 38.3
2002 64.5 38.5
2001 65.6 38.2
2000 64.4 38.1
1999 59.6 33.8
1998 56.9 31.5
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/uzbekistan | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Uzbekistan
Services, % of GDP
60.1%
2025
46.5%
2025
Industry, % of GDP
23%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
16.6%
2025
GNI, Atlas method
$227B
2025
$136B
2025
GNI per capita, PPP
$48,630
2025
$13,640
2025
Total reserves including gold
$59.1B
2025
$41.2B
2024
Total reserves ranking
42/177
2025
53/177
2024
Net foreign direct investment
$9.1B
2025
-$4.24B
2025
Net inflows of foreign direct investment
-$61.3B
2024
$2.97B
2024
Net outflows of foreign direct investment
-$76.3B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines
12.1%
2021
5.8%
2025
Gross capital formation, % of GDP
22.2%
2025
33.3%
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/uzbekistan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1968–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, 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. 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.