Hungary vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Hungary ranked 57th with $157.9B. By GDP 5-years average growth and GDP per capita, Venezuela and Hungary ranked 181st vs 58th and 58th vs 57th, respectively.

Gross Domestic Product & Income

StatHungaryVenezuela
GDP$157.9B$482.4B
GDP growth, 1 year4.9%-18%
GDP growth, 5-years average3.8%-12.2%
Population9.9M28.5M
GDP per capita$16k$16k
GDP per capita growth5.3%-18.17%
Purchasing Power Parity conversion factor140.415.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.89
GDP per capita, PPP adjusted$32k$8.8k
GNI, Atlas method$144.3B$392.9B
GNI per capita$15k$13k
GNI, PPP adjusted$291.7B$352.8B
GNI per capita, PPP adjusted$30k$12k

Financial system and Human development

StatHungaryVenezuela
Income Tax Rate15%34%
Corporate Tax Rate19%34%
Inflation, consumer prices2.8%929789.5%
Inflation, GDP deflator4.5%748.1%
Unemployment3.7%8.4%
Economic Freedom Index66.425.2
Personal Freedom Index8.896.33
Human Freedom Index8.115.27
Property Rights Index64.810.1
Judical Effectiveness Index45.712.6
Business Freedom Index60.230.8
Fiscal Health Index83.60
Labor Freedom Index64.627.7
Investment Freedom Index800
Financial Freedom Index7010
Trade Freedom Index86.458
Monetary Freedom Index79.90
Government Spending Index34.566.3
Tax Burden Index79.972.8
Government Integrity Index47.514.6
Corruption Perceptions Index4618
Life expectancy at birth, years76.172.2
Suicide mortality rate, per 100,000 people19.13.7
Mortality caused by road traffic injury, per 100,000 people7.833.7
Intentional homicides, per 100,000 people2.556.3
International tourism, number of arrivals17.6M427k

Government debt & reserves

StatHungaryVenezuela
Central government debt, % of GDP69.4%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI13.2%7.2%
Gross savings, % of GDP26.6%8.9%
Gross capital formation, % of GDP27.2%-3.7%
Total reserves including gold$31.4B$9.8B
Foreign direct investment net inflows-$65.5B$956M

Exports, imports and economic structure

StatHungaryVenezuela
Exports of goods and services, % of GDP84.9%30.7%
Imports of goods and services, % of GDP80.6%36.4%
Current account balance (balance of payments)-$677.9M-$3.9B
Revenue excluding grants, % of GDP39.4%N/A
Grants excluding technical cooperation, BoP$253.3M$125.8M
Personal remittances received$4.2B$297.1M
Industry including construction value added, % of GDP25.4%37.2%
Agriculture, forestry and fishing value added, % of GDP3.6%5%
Charges for the use of intellectual property, payments BoP$1.5B$258M
Charges for the use of intellectual property, receipts BoP$1.8BN/A
Expense, % of GDP41.6%N/A
Government Expenditure, % of GDP46.7%33.5%

Compare with countries close by GDP per capita

Hungary vs

CountryGDP
per capita
Population
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k