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Economy of Hungary vs Yemen compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $21.6B for Yemen, ranking 55/197 and 124/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $18.8B (71.2% of GDP) in Yemen.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Hungary
GDP, current $

GDP, constant 2015 $
Yemen
GDP, current $

GDP, constant 2015 $
Year GDP
Hungary Yemen
Current $ Constant $ Current $ Constant $
1960 - $20,802,988,700 - -
1961 - $21,780,729,169 - -
1962 - $23,109,353,648 - -
1963 - $24,426,586,806 - -
1964 - $25,574,636,386 - -
1965 - $36,420,945,625 - -
1966 - $39,116,095,601 - -
1967 - $42,049,802,771 - -
1968 $4,886,222,555 $44,110,243,107 - -
1969 $5,429,812,387 $47,153,849,881 - -
1970 $5,780,929,203 $49,370,080,826 - -
1971 $6,291,568,221 $52,431,025,837 - -
1972 $7,379,313,742 $55,629,318,413 - -
1973 $9,138,292,402 $59,467,741,383 - -
1974 $10,016,338,179 $62,976,338,125 - -
1975 $11,420,392,515 $66,880,871,089 - -
1976 $13,235,612,079 $69,288,582,448 - -
1977 $14,783,674,055 $74,554,514,714 - -
1978 $17,286,744,154 $77,834,913,362 - -
1979 $19,959,731,325 $79,936,456,022 - -
1980 $23,116,977,148 $80,096,328,934 - -
1981 $23,705,883,892 $82,392,486,407 - -
1982 $24,141,667,188 $84,733,329,898 - -
1983 $21,910,365,258 $85,345,922,955 - -
1984 $21,242,726,264 $87,614,458,283 - -
1985 $21,510,643,750 $87,392,734,577 - -
1986 $24,778,163,812 $88,734,168,329 - -
1987 $27,232,016,527 $92,328,993,221 - -
1988 $29,799,838,597 $92,268,736,418 - -
1989 $30,422,508,938 $92,948,226,296 - -
1990 $34,478,360,679 $89,698,143,067 $12,643,821,569 $23,917,787,986
1991 $34,867,307,353 $79,031,203,242 $14,665,445,462 $25,423,052,504
1992 $38,857,339,125 $76,609,544,645 $17,959,367,194 $27,509,674,488
1993 $40,256,233,360 $76,168,190,532 $21,736,802,664 $28,610,602,412
1994 $43,307,949,890 $78,412,984,829 $28,019,483,764 $30,533,792,550
1995 $46,577,614,589 $79,580,966,215 $12,796,345,679 $32,264,866,629
1996 $46,833,767,124 $79,661,529,391 $6,496,163,616 $33,760,332,652
1997 $47,398,564,799 $82,033,753,398 $6,838,298,531 $35,526,373,478
1998 $48,784,412,624 $85,190,500,944 $6,322,175,566 $37,660,334,235
1999 $49,160,204,397 $87,819,529,312 $7,639,325,296 $39,082,211,639
2000 $47,275,954,429 $91,691,821,699 $9,679,316,770 $41,498,240,974
2001 $53,800,068,066 $95,416,367,494 $9,852,990,693 $43,076,687,104
2002 $67,636,468,625 $99,929,623,991 $10,693,430,511 $44,771,854,466
2003 $85,190,469,121 $103,865,629,649 $11,777,532,662 $46,449,634,128
2004 $104,015,363,080 $109,020,611,056 $13,867,634,371 $48,294,937,071
2005 $113,098,237,571 $113,708,806,061 $16,731,566,717 $50,995,468,285
2006 $115,604,111,412 $118,182,032,746 $19,063,143,370 $52,612,233,385
2007 $140,123,326,896 $118,574,815,858 $21,650,528,674 $54,368,654,892
2008 $158,228,265,916 $119,752,782,053 $26,910,855,807 $56,351,789,349
2009 $130,807,441,076 $111,681,245,652 $25,130,278,213 $58,530,478,862
2010 $131,898,737,241 $112,873,946,276 $30,906,749,533 $63,038,676,059
2011 $141,712,804,954 $115,037,411,550 $32,726,417,878 $55,023,373,391
2012 $128,470,269,690 $113,496,503,293 $35,401,331,609 $56,340,077,326
2013 $135,646,053,779 $115,802,945,078 $40,415,233,436 $59,057,651,706
2014 $141,128,696,412 $120,822,254,245 $43,228,585,321 $58,946,215,682
2015 $125,244,126,623 $125,244,126,623 $42,444,490,074 $42,444,490,074
2016 $128,983,560,865 $128,298,381,763 $31,317,825,274 $38,465,266,573
2017 $143,335,098,992 $133,589,642,960 $26,842,229,045 $36,514,386,859
2018 $161,184,691,014 $141,078,862,882 $21,606,160,663 $36,789,138,484
2019 $164,936,682,034 $148,241,697,677 - -
2020 $158,468,487,754 $141,809,897,486 - -
2021 $183,282,685,440 $152,052,706,989 - -
2022 $177,536,698,165 $158,545,886,040 - -
2023 $214,022,571,311 $157,210,091,224 - -
2024 $222,904,723,252 $158,015,487,625 - -

Economic indicators

Hungary Yemen
Gross domestic product
$223B
2024
$21.6B
2018
GDP rank
55/197
2024
124/197
2018
GDP growth
4.15%
2023-2024
-19.5%
2017-2018
GDP per capita
$23,311
2024
$634
2018
GDP per capita rank
54/197
2024
192/197
2018
GDP per capita, PPP
$47,636
2024
$3,164
2013
Government debt
$164B
2024
$18.8B
2018
Debt-to-GDP ratio
73.5%
2025
71.2%
2025
Government debt per person
$17,123
2024
$551
2018
Government debt per person rank
35/185
2024
164/185
2018
Average annual personal income after taxes
$15,444
2025
$1,333
2025
Market capitalization of domestic companies
$41.5B
2024
n/a
Number of millionaires
24,692
2024
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
29.4%
2014
Income share by poorest 10%
2.8%
2022
3%
2014
Government expenditure, % of GDP
46.7%
2025
9.59%
2025
Consumer prices inflation
3.7%
2023-2024
20.4%
2024-2025
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
4.47%
2024
13.5%
2014
Population
9518980
42727988

GDP per capita in Hungary vs Yemen

Hungary's GDP per capita is $23,311, ranking 54/197, compared to $634 in Yemen, ranking 192/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $47,636, while Yemen ranks 178th at $3,164.

Hungary
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
Year Current $
Hungary Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1968 $476 - - -
1969 $527 - - -
1970 $559 - - -
1971 $607 - - -
1972 $710 - - -
1973 $876 - - -
1974 $956 - - -
1975 $1,083 - - -
1976 $1,249 - - -
1977 $1,388 - - -
1978 $1,618 - - -
1979 $1,865 - - -
1980 $2,158 - - -
1981 $2,213 - - -
1982 $2,255 - - -
1983 $2,050 - - -
1984 $1,991 - - -
1985 $2,020 - - -
1986 $2,331 - - -
1987 $2,566 - - -
1988 $2,812 - - -
1989 $2,902 - - -
1990 $3,324 $9,163 $910 $1,742
1991 $3,361 $8,347 $1,016 $1,843
1992 $3,747 $8,279 $1,198 $1,963
1993 $3,887 $8,436 $1,397 $2,013
1994 $4,187 $8,882 $1,735 $2,115
1995 $4,509 $9,216 $764 $2,201
1996 $4,542 $9,384 $375 $2,268
1997 $4,606 $9,844 $383 $2,351
1998 $4,752 $10,415 $343 $2,442
1999 $4,802 $10,892 $401 $2,492
2000 $4,630 $11,869 $493 $2,624
2001 $5,281 $13,224 $487 $2,702
2002 $6,658 $14,532 $513 $2,768
2003 $8,410 $15,462 $549 $2,844
2004 $10,291 $16,253 $628 $2,949
2005 $11,212 $17,091 $734 $3,113
2006 $11,478 $18,366 $810 $3,205
2007 $13,935 $19,090 $890 $3,294
2008 $15,763 $20,709 $1,072 $3,370
2009 $13,051 $20,681 $969 $3,411
2010 $13,190 $21,693 $1,155 $3,603
2011 $14,211 $22,992 $1,186 $3,113
2012 $12,950 $23,205 $1,245 $3,005
2013 $13,739 $24,592 $1,379 $3,164
2014 $14,353 $25,796 $1,430 -
2015 $12,783 $26,945 $1,362 -
2016 $13,216 $28,179 $975 -
2017 $14,736 $29,728 $811 -
2018 $16,605 $32,258 $634 -
2019 $17,013 $35,627 - -
2020 $16,387 $35,584 - -
2021 $19,031 $38,887 - -
2022 $18,484 $44,012 - -
2023 $22,312 $45,368 - -
2024 $23,311 $47,636 - -

Spending and national debt comparison

In 2024, Hungary's government spending was $104B, accounting for 46.7% of its GDP, while Yemen's spent $3.08B, or 9.59% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 71.2% in Yemen, ranking 50/185 and 54/185, respectively.

Hungary
Government spending

Government debt
Yemen
Government spending

Government debt
Year % of GDP
Hungary Yemen
Government spending Government debt Government spending Government debt
1989 - 70.7% - -
1990 - 63.7% 26.6% 91.6%
1991 - 74.2% 24.7% 82.7%
1992 - 76.5% 24.6% 78%
1993 - 87.2% 25.8% 76.7%
1994 - 86.2% 25.2% 73.3%
1995 55% 83.9% 24.1% 84.1%
1996 50.9% 71.2% 30.7% 114.9%
1997 49.5% 62.2% 34.2% 74.2%
1998 50.7% 60.4% 34.3% 110.6%
1999 48.9% 60.3% 28.2% 96.1%
2000 47.3% 55.6% 31.7% 60.8%
2001 47.2% 52.2% 30.5% 60.6%
2002 51% 55.6% 30.8% 57.8%
2003 49.2% 58.2% 35.3% 56.8%
2004 48.8% 58.9% 34.2% 52.1%
2005 49.4% 60.6% 36.8% 43.8%
2006 51.4% 64.5% 37.4% 40.8%
2007 49.9% 65.6% 40.3% 40.4%
2008 48.8% 71.8% 41.2% 36.4%
2009 50.7% 78.2% 35.2% 49.8%
2010 48.9% 80.2% 30.2% 42.4%
2011 49.1% 80.5% 29.8% 45.7%
2012 49.2% 78.4% 36.2% 47.6%
2013 50.1% 77.2% 30.8% 48.4%
2014 50% 76.5% 27.8% 48.9%
2015 50.4% 75.7% 19.4% 57.7%
2016 46.7% 74.6% 16.1% 76.5%
2017 46.6% 72% 8.39% 83.8%
2018 45.9% 68.8% 14.3% 86.9%
2019 45.8% 65% 13.2% 91.5%
2020 51% 78.7% 10.6% 87%
2021 48.1% 76.2% 8.22% 75.9%
2022 48.7% 73.9% 12.2% 65.3%
2023 49.2% 73% 11.8% 77.9%
2024 46.9% 73.5% 8.91% 70.9%
2025 46.7% 73.5% 9.59% 71.2%

Government deficit by year

In 2018, Hungary's government deficit, the difference between spending and revenue, was -$3.3B, equivalent to -2.05% of GDP. This compares to Yemen's deficit of -$1.7B, or -7.85% of GDP.

Over the past 29 years, Hungary recorded a fiscal deficit in 29 of those years, while Yemen ran a deficit in 25 years. On average, Hungary posted an annual deficit equal to -4.07% of GDP, compared to deficit of -5.04% of GDP for Yemen.

Deficit/surplus
Hungary

Yemen
Year Deficit/surplus, % of GDP
Hungary Yemen
1927 0.15% -
1928 0.12% -
1929 0.02% -
1930 -0.26% -
1931 -0.32% -
1932 -0.22% -
1933 -0.03% -
1934 0.04% -
1935 0.03% -
1936 0.08% -
1937 -0.01% -
1938 -0.11% -
1939 0.19% -
1940 -0.07% -
1941 0.2% -
1942 0.31% -
1943 -0.17% -
1944 -0.17% -
1945 -0.17% -
1946 -0.17% -
1947 -0.17% -
1948 -0.17% -
1949 -0.17% -
1950 -0.17% -
1951 -0.17% -
1952 -0.17% -
1953 -0.17% -
1954 -0.17% -
1955 -0.17% -
1956 -0.17% -
1957 -0.17% -
1958 -0.17% -
1959 -0.17% -
1960 -0.17% -
1961 -0.17% -
1962 -0.17% -
1963 -0.17% -
1964 -0.17% -
1965 -0.17% -
1966 -0.17% -
1967 -0.17% -
1968 -0.17% -
1969 -0.17% -
1970 -0.17% -
1971 -0.17% -
1972 -0.17% -
1973 -0.17% -
1974 -0.17% -
1975 -0.17% -
1976 -0.17% -
1977 -0.17% -
1978 -0.17% -
1979 -0.17% -
1980 -0.17% -
1981 -0.17% -
1982 -0.17% -
1983 -0.17% -
1984 -0.17% -
1985 -0.17% -
1986 -0.17% -
1987 -0.17% -
1988 -0.17% -
1989 -0.17% -
1990 -0.17% -10.3%
1991 -0.17% -5.76%
1992 -0.17% -10.9%
1993 -0.17% -12.8%
1994 -0.17% -14%
1995 -8.57% -5.74%
1996 -4.36% -0.92%
1997 -5.54% -1.5%
1998 -7.41% -7.77%
1999 -5.27% 0.06%
2000 -3.04% 6.09%
2001 -4% 2.79%
2002 -8.79% -0.56%
2003 -7.19% -4.2%
2004 -6.6% -2.15%
2005 -7.79% -1.82%
2006 -9.27% 1.19%
2007 -5.09% -7.18%
2008 -3.78% -4.53%
2009 -4.76% -10.2%
2010 -4.44% -4.06%
2011 -5.22% -4.51%
2012 -2.33% -6.32%
2013 -2.6% -6.9%
2014 -2.77% -4.14%
2015 -2% -8.75%
2016 -1.79% -8.51%
2017 -2.45% -4.9%
2018 -2.05% -7.85%
2019 -2.02% -5.89%
2020 -7.49% -4.3%
2021 -7.11% -0.89%
2022 -6.17% -2.15%
2023 -6.75% -5.63%
2024 -4.92% -2.48%
2025 -4.59% -3.73%

Inflation comparison by year

Over the past 29 years, Hungary has recorded an average annual inflation rate of 6.76%, compared with 16.3% in Yemen. In 2024, inflation was 3.7% in Hungary and 20.4% in Yemen.

Inflation
Hungary

Yemen
Year Inflation
Hungary Yemen Hungary Yemen
1996 23.5% 38.8%
1997 18.3% 4.6%
1998 14.2% 11.5%
1999 10% 7.9%
2000 9.8% 11%
2001 9.12% 11.9%
2002 5.27% 12.2%
2003 4.66% 10.8%
2004 6.74% 12.5%
2005 3.56% 9.9%
2006 3.93% 10.8%
2007 7.96% 7.9%
2008 6.04% 19%
2009 4.21% 3.7%
2010 4.86% 11.2%
2011 3.93% 19.5%
2012 5.65% 9.9%
2013 1.73% 11%
2014 -0.23% 8.2%
2015 -0.06% 22%
2016 0.39% 21.3%
2017 2.35% 30.4%
2018 2.85% 33.6%
2019 3.34% 15.7%
2020 3.33% 21.7%
2021 5.11% 31.5%
2022 14.6% 29.5%
2023 17.1% 0.9%
2024 3.7% 33.9%
2025 - 20.4%

Top exports between countries

Hungary
Export category Export value
Chemicals & pharma $6.37M
Machinery & equipment $1.24M
Processed food, beverages & tobacco $446K
Animal & marine products $205K
Metals $183K
Wood & paper products $156K
Textiles & consumer goods $27K
Raw materials & minerals $1K
Yemen
Export category Export value

Balance of trade

Hungary Yemen
Current account balance
$5.05B
2024
-$2.42B
2016
Current account balance ranking
33/189
2024
146/189
2016
Current account balance, % of GDP
+2.27%
2024
-7.72%
2016
Goods imports
$127B
2024
$6.8B
2016
Goods exports
$128B
2024
$473M
2016
Service imports
$27.4B
2024
$1.46B
2016
Service exports
$38.3B
2024
$466M
2016
Imports of goods and services, % of GDP
69.1%
2024
47.3%
2018
Exports of goods and services, % of GDP
74.7%
2024
8.76%
2018

Economic freedom indices

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

Hungary Yemen
Economic freedom 61.4 53.7
Economic freedom ranking 87/197 140/197
Property rights 69.2 5.1
Government integrity 42.2 6.1
Judicial effectiveness 62.7 8.3
Tax burden 85.3 91.5
Government spending 28.5 95.6
Fiscal health 17.6 48.9
Business freedom 76.1 28.4
Labor freedom 60.3 30.7
Monetary freedom 65.1 54.6
Trade freedom 79.6 67.4
Investment freedom 80 50
Financial freedom 70 30

Economic freedom by year comparison

The Economic Freedom Index for Hungary is 61.4, ranking 87/197, compared to 53.7 for Yemen, ranking 140/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Hungary
Yemen
Year Economic freedom index
Hungary Yemen
1995 55.2 49.8
1996 56.8 49.6
1997 55.3 48.4
1998 56.9 46.1
1999 59.6 43.3
2000 64.4 44.5
2001 65.6 44.3
2002 64.5 48.6
2003 63 50.3
2004 62.7 50.5
2005 63.5 53.8
2006 65 52.6
2007 64.8 54.1
2008 67.6 53.8
2009 66.8 56.9
2010 66.1 54.4
2011 66.6 54.2
2012 67.1 55.3
2013 67.3 55.9
2014 67 55.5
2015 66.8 53.7
2016 66 -
2017 65.8 -
2018 66.7 -
2019 65 -
2020 66.4 -
2021 67.2 -
2022 66.9 -
2023 64.1 -
2024 61.2 -
2025 61.4 -

More economic indicators

Hungary Yemen
Services, % of GDP
59.7%
2024
41.8%
2018
Industry, % of GDP
23.9%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.37%
2024
28.7%
2018
GNI, Atlas method
$198B
2024
$25.3B
2018
GNI per capita, PPP
$46,400
2024
$3,020
2013
Total reserves including gold
$46.4B
2024
$1.25B
2022
Total reserves ranking
42/177
2024
139/177
2022
Net foreign direct investment
-$15.6B
2024
$15.4M
2015
Net inflows of foreign direct investment
-$34.9B
2024
-$371M
2019
Net outflows of foreign direct investment
-$50.6B
2024
$3.33M
2019
Servicing debt to the IMF, % of GNI
n/a
0.53%
2018
Poverty at national poverty lines
12.1%
2021
48.6%
2014
Gross capital formation, % of GDP
23.6%
2024
n/a

GDP per capita map

GDP per capita

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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.