Skip to content

Economy of Hungary vs Vanuatu compared: GDP & Debt

Updated on by Georank

Hungary has a GDP of $246B compared to $1.35B for Vanuatu, ranking 55/197 and 185/197 by economy size, respectively.

Hungary has $185B in government debt (75.2% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Hungary vs Vanuatu GDP by year

Hungary
Vanuatu
1x
Year GDP, current $
Hungary Vanuatu
2025 $246,490,213,513 $1,353,658,841
2024 $222,848,211,034 $1,297,956,615
2023 $213,029,511,029 $1,188,137,265
2022 $177,002,580,544 $1,151,863,790
2021 $183,282,685,440 $1,093,826,089
2020 $158,468,487,754 $1,017,403,363
2019 $164,936,682,034 $1,061,547,513
2018 $161,184,691,014 $1,034,402,941
2017 $143,335,098,992 $998,536,155
2016 $128,983,560,865 $908,725,513
2015 $125,244,126,623 $855,360,240
2014 $141,128,696,412 $879,185,478
2013 $135,646,053,779 $863,347,172
2012 $128,470,269,690 $747,839,698
2011 $141,712,804,954 $770,153,588
2010 $131,898,737,241 $670,712,980
2009 $130,807,441,076 $592,622,319
2008 $158,228,265,916 $590,748,429
2007 $140,123,326,896 $516,392,923
2006 $115,604,111,412 $439,358,587
2005 $113,098,237,571 $394,962,433
2004 $104,015,363,080 $364,996,869
2003 $85,190,469,121 $314,471,413
2002 $67,636,468,625 $262,596,536
2001 $53,800,068,066 $257,926,882
2000 $47,275,954,429 $272,014,628
1999 $49,160,204,397 $268,006,973
1998 $48,784,412,624 $262,293,411
1997 $47,398,564,799 $272,771,209
1996 $46,833,767,124 $261,370,044
1995 $46,577,614,589 $249,333,250
1994 $43,307,949,890 $233,701,301
1993 $40,256,233,360 $200,491,853
1992 $38,857,339,125 $209,088,825
1991 $34,867,307,353 $201,334,169
1990 $34,478,360,679 $168,879,207
1989 $30,422,508,938 $154,013,202
1988 $29,799,838,597 $158,351,368
1987 $27,232,016,527 $139,464,174
1986 $24,778,163,812 $126,498,935
1985 $21,510,643,750 $131,856,421
1984 $21,242,726,264 $144,482,515
1983 $21,910,365,258 $117,389,554
1982 $24,141,667,188 $114,501,913
1981 $23,705,883,892 $113,781,796
1980 $23,116,977,148 $121,185,498
1979 $19,959,731,325 $119,258,835
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/vanuatu | CC BY

GDP per capita in Hungary vs Vanuatu by year

Hungary
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $25,907 - $4,039 -
2024 $23,305 $48,552 $3,960 $3,606
2023 $22,209 $46,592 $3,708 $3,568
2022 $18,428 $44,366 $3,680 $3,453
2021 $19,031 $38,887 $3,576 $3,136
2020 $16,387 $35,584 $3,404 $3,118
2019 $17,013 $35,627 $3,636 $3,315
2018 $16,605 $32,258 $3,626 $3,233
2017 $14,736 $29,728 $3,585 $3,146
2016 $13,216 $28,179 $3,340 $3,030
2015 $12,783 $26,938 $3,214 $2,966
2014 $14,353 $25,796 $3,378 $2,890
2013 $13,739 $24,592 $3,393 $2,832
2012 $12,950 $23,205 $3,005 $2,834
2011 $14,211 $22,992 $3,163 $2,816
2010 $13,190 $21,691 $2,815 $2,733
2009 $13,051 $20,691 $2,546 $2,730
2008 $15,763 $20,709 $2,604 $2,701
2007 $13,935 $19,089 $2,334 $2,573
2006 $11,478 $18,362 $2,035 $2,496
2005 $11,212 $17,091 $1,874 $2,287
2004 $10,291 $16,251 $1,774 $2,157
2003 $8,410 $15,460 $1,567 $2,070
2002 $6,658 $14,532 $1,341 $1,995
2001 $5,281 $13,223 $1,350 $2,125
2000 $4,630 $11,872 $1,460 $2,206
1999 $4,802 $10,892 $1,472 $2,084
1998 $4,752 $10,415 $1,471 $2,091
1997 $4,606 $9,846 $1,562 $2,087
1996 $4,542 $9,388 $1,529 $1,998
1995 $4,509 $9,222 $1,492 $1,961
1994 $4,187 $8,888 $1,431 $1,946
1993 $3,887 $8,441 $1,257 $1,789
1992 $3,747 $8,284 $1,344 $1,777
1991 $3,361 $8,352 $1,326 $1,737
1990 $3,324 $9,169 $1,141 $1,670
1989 $2,902 - $1,067 -
1988 $2,812 - $1,125 -
1987 $2,566 - $1,017 -
1986 $2,331 - $946 -
1985 $2,020 - $1,012 -
1984 $1,991 - $1,137 -
1983 $2,050 - $947 -
1982 $2,255 - $946 -
1981 $2,213 - $962 -
1980 $2,158 - $1,048 -
1979 $1,865 - $1,055 -
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/vanuatu | CC BY

Hungary's GDP per capita is $25,907, ranking 52/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Vanuatu ranks 170th at $3,606.

Economic indicators

Hungary Vanuatu
Gross domestic product
$246B
2025
$1.35B
2025
GDP rank
55/197
2025
185/197
2025
GDP growth
0.51%
2024-2025
3.05%
2024-2025
GDP per capita
$25,907
2025
$4,039
2025
GDP per capita rank
52/197
2025
133/197
2025
GDP per capita, PPP
$48,552
2024
$3,606
2024
GDP per capita PPP rank
48/197
2024
170/197
2024
Government debt
$185B
2025
$554M
2025
Debt-to-GDP ratio
75.2%
2025
40.9%
2025
Government debt per person
$19,473
2025
$1,654
2025
Government debt per person rank
33/185
2025
125/185
2025
Average annual personal income after taxes
$18,331
2026
$2,801
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
24.7%
2019
Income share by poorest 10%
2.8%
2022
3%
2019
Government expenditure, % of GDP
47.5%
2025
35.5%
2025
Consumer prices inflation
4.41%
2024-2025
0.66%
2024-2025
Central bank interest rate
6.25%
2026
n/a
Unemployment rate
4.4%
2025
1.41%
2025
Population
9454659
346488

Spending and national debt comparison by year

Hungary
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Hungary Vanuatu
Government spending Government debt Government spending Government debt
2025 47.5% 75.2% 35.5% 40.9%
2024 46.9% 73.5% 33.1% 39.1%
2023 49.3% 73.2% 38.9% 39.2%
2022 48.9% 74.1% 38.5% 39.2%
2021 48.1% 76.2% 38.6% 42.2%
2020 51% 78.7% 38.8% 42.9%
2019 45.8% 65% 35.1% 39.8%
2018 45.9% 68.8% 29.4% 40%
2017 46.6% 72% 32.7% 46.4%
2016 46.7% 74.6% 31.2% 37.6%
2015 50.4% 75.7% 38.1% 32.2%
2014 50% 76.5% 20.5% 17.8%
2013 50.1% 77.2% 20.1% 16.4%
2012 49.2% 78.4% 22.1% 17.4%
2011 49.1% 80.5% 22.7% 19.3%
2010 48.9% 80.2% 25.6% 18.3%
2009 50.7% 78.2% 24.9% 19.1%
2008 48.8% 71.8% 25.1% 19.2%
2007 49.9% 65.6% 20.3% 17.6%
2006 51.4% 64.5% 18.2% 20%
2005 49.4% 60.6% 16.5% 23.8%
2004 48.8% 58.9% 16.7% 27.5%
2003 49.2% 58.2% 17% 34.6%
2002 51% 55.6% 20.2% 35.1%
2001 47.2% 52.2% 20.2% 33.5%
2000 47.3% 55.6% 23% 32.6%
1999 48.9% 60.3% 21.6% 27.7%
1998 50.7% 60.4% 25.2% 25.4%
1997 49.5% 62.2% 20.1% 20.7%
1996 50.9% 71.2% 22.1% 20.8%
1995 55% 83.9% 25.3% 21.8%
1994 - 86.2% 22% 19.5%
1993 - 87.2% 23.7% 18.3%
1992 - 76.5% 28.8% 19%
1991 - 74.2% 30% 14.4%
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 (1989–1994, retrieved 2026-07-08).

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

In 2025, Hungary's government spending was $117B, accounting for 47.5% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 75.2% in Hungary and 40.9% in Vanuatu, ranking 50/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Vanuatu
1x
Year Deficit/surplus, % of GDP
Hungary Vanuatu
2025 -4.68% -3.88%
2024 -4.9% -2.46%
2023 -6.77% -0.78%
2022 -6.19% -5.96%
2021 -7.11% 2.07%
2020 -7.49% -1.74%
2019 -2.02% 2.48%
2018 -2.05% 5.53%
2017 -2.45% -1.06%
2016 -1.79% -0.64%
2015 -2% -8.13%
2014 -2.77% 1.26%
2013 -2.6% -0.22%
2012 -2.33% -1.54%
2011 -5.22% -1.98%
2010 -4.44% -2.38%
2009 -4.76% -0.76%
2008 -3.78% -0.04%
2007 -5.09% 0.25%
2006 -9.27% 0.44%
2005 -7.79% 1.68%
2004 -6.6% 0.72%
2003 -7.19% -1.22%
2002 -8.79% -3.29%
2001 -4% -3.01%
2000 -3.04% -5.67%
1999 -5.27% -0.5%
1998 -7.41% -6.01%
1997 -5.54% -0.46%
1996 -4.36% -1.61%
1995 -8.57% -2.34%
1994 - -1.35%
1993 - -3.32%
1992 - -2.1%
1991 - -2.54%
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 31 years, Hungary recorded a fiscal deficit in 31 of those years, while Vanuatu ran a deficit in 23 years. On average, Hungary posted an annual deficit equal to 5.04% of GDP, compared to deficit of 1.33% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Hungary

Vanuatu
1x
Year Consumer prices inflation
Hungary Vanuatu
2025 4.41% 0.66%
2024 3.7% 1.14%
2023 17.1% 11.2%
2022 14.6% 6.68%
2021 5.11% 2.34%
2020 3.33% 5.33%
2019 3.34% 2.76%
2018 2.85% 2.33%
2017 2.35% 3.08%
2016 0.39% 0.84%
2015 -0.06% 2.48%
2014 -0.23% 0.8%
2013 1.73% 1.46%
2012 5.65% 1.35%
2011 3.93% 0.87%
2010 4.86% 2.76%
2009 4.21% 4.3%
2008 6.04% 4.84%
2007 7.96% 3.94%
2006 3.93% 2.04%
2005 3.56% 1.2%
2004 6.74% 1.42%
2003 4.66% 3.02%
2002 5.27% 1.96%
2001 9.12% 3.58%
2000 9.8% 2.54%
1999 10% 2%
1998 14.2% 3.28%
1997 18.3% 2.83%

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

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

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.1%, compared with 2.86% in Vanuatu. In 2025, inflation was 4.41% in Hungary and 0.66% in Vanuatu.

Top exports between countries

Hungary
Export category Export value
Wood & paper products $696K
Textiles & consumer goods $48K
Machinery & equipment $4K
Raw materials & minerals $1K
Vanuatu
Export category Export value

Balance of trade

Hungary Vanuatu
Current account balance
$4.08B
2025
-$127M
2022
Current account balance ranking
34/190
2025
83/190
2022
Current account balance, % of GDP
+1.65%
2025
-11.1%
2022
Goods imports
$139B
2025
$350M
2022
Goods exports
$136B
2025
$73.6M
2022
Service imports
$29.8B
2025
$230M
2022
Service exports
$43.1B
2025
$78.5M
2022
Imports of goods and services, % of GDP
68.1%
2025
48%
2024
Exports of goods and services, % of GDP
72.6%
2025
25.3%
2024

Economic freedom indices

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

Hungary Vanuatu
Economic freedom 62.5 61.1
Economic freedom ranking 86/197 92/197
Property rights 67.3 62.1
Government integrity 44 48.3
Judicial effectiveness 61.9 67.9
Tax burden 85.1 96.9
Government spending 30.2 48.1
Fiscal health 32.7 78.8
Business freedom 70.8 50.3
Labor freedom 56.5 41
Monetary freedom 72.1 72.1
Trade freedom 79.4 62
Investment freedom 80 65
Financial freedom 70 40

Economic freedom comparison by year

Hungary
Vanuatu
1x
Year Economic freedom index
Hungary Vanuatu
2026 62.5 61.1
2025 61.4 61.8
2024 61.2 62.2
2023 64.1 62.1
2022 66.9 62.9
2021 67.2 60.5
2020 66.4 60.7
2019 65 56.4
2018 66.7 69.5
2017 65.8 67.4
2016 66 60.8
2015 66.8 61.1
2014 67 59.5
2013 67.3 56.6
2012 67.1 56.6
2011 66.6 56.7
2010 66.1 56.4
2009 66.8 58.4
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/vanuatu | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Vanuatu
Services, % of GDP
60.1%
2025
56.8%
2024
Industry, % of GDP
23%
2025
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.65%
2025
26.6%
2024
GNI, Atlas method
$227B
2025
$1.48B
2025
GNI per capita, PPP
$48,630
2025
$4,970
2025
Total reserves including gold
$59.1B
2025
$615M
2024
Total reserves ranking
42/177
2025
152/177
2024
Net foreign direct investment
$9.1B
2025
-$9.21M
2022
Net inflows of foreign direct investment
-$61.3B
2024
$28.9M
2024
Net outflows of foreign direct investment
-$76.3B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
1.88%
2024
Poverty at national poverty lines
12.1%
2021
15.9%
2020
Gross capital formation, % of GDP
22.2%
2025
26.1%
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/vanuatu | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. 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 (2020–2025, 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.