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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 125/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Hungary vs Yemen GDP by year

Hungary
Yemen
1x
Year GDP, current $
Hungary Yemen
2024 $222,722,738,926 -
2023 $213,240,316,635 -
2022 $177,002,580,544 -
2021 $183,282,685,440 -
2020 $158,468,487,754 -
2019 $164,936,682,034 -
2018 $161,184,691,014 $21,606,160,663
2017 $143,335,098,992 $26,842,229,045
2016 $128,983,560,865 $31,317,825,274
2015 $125,244,126,623 $42,444,490,074
2014 $141,128,696,412 $43,228,585,321
2013 $135,646,053,779 $40,415,233,436
2012 $128,470,269,690 $35,401,331,610
2011 $141,712,804,954 $32,726,417,878
2010 $131,898,737,241 $30,906,749,533
2009 $130,807,441,076 $25,130,278,213
2008 $158,228,265,916 $26,910,855,807
2007 $140,123,326,896 $21,650,528,674
2006 $115,604,111,412 $19,063,143,370
2005 $113,098,237,571 $16,731,566,717
2004 $104,015,363,080 $13,867,634,371
2003 $85,190,469,121 $11,777,532,662
2002 $67,636,468,625 $10,693,430,511
2001 $53,800,068,066 $9,852,990,693
2000 $47,275,954,429 $9,679,316,770
1999 $49,160,204,397 $7,639,325,296
1998 $48,784,412,624 $6,322,175,566
1997 $47,398,564,799 $6,838,298,531
1996 $46,833,767,124 $6,496,163,616
1995 $46,577,614,589 $12,796,345,679
1994 $43,307,949,890 $28,019,483,764
1993 $40,256,233,360 $21,736,802,664
1992 $38,857,339,125 $17,959,367,194
1991 $34,867,307,353 $14,665,445,462
1990 $34,478,360,679 $12,643,821,569
1989 $30,422,508,938 -
1988 $29,799,838,597 -
1987 $27,232,016,527 -
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 (1968–2024, retrieved 2026-04-06).

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

GDP per capita in Hungary vs Yemen by year

Hungary
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 - -
2023 $22,231 $46,592 - -
2022 $18,428 $44,366 - -
2021 $19,031 $38,887 - -
2020 $16,387 $35,584 - -
2019 $17,013 $35,627 - -
2018 $16,605 $32,258 $634 -
2017 $14,736 $29,728 $811 -
2016 $13,216 $28,179 $975 -
2015 $12,783 $26,938 $1,362 -
2014 $14,353 $25,796 $1,430 -
2013 $13,739 $24,592 $1,379 $3,164
2012 $12,950 $23,205 $1,245 $3,005
2011 $14,211 $22,992 $1,186 $3,113
2010 $13,190 $21,691 $1,155 $3,603
2009 $13,051 $20,691 $969 $3,411
2008 $15,763 $20,709 $1,072 $3,370
2007 $13,935 $19,089 $890 $3,294
2006 $11,478 $18,362 $810 $3,205
2005 $11,212 $17,091 $734 $3,113
2004 $10,291 $16,251 $628 $2,949
2003 $8,410 $15,460 $549 $2,844
2002 $6,658 $14,532 $513 $2,768
2001 $5,281 $13,223 $487 $2,702
2000 $4,630 $11,872 $493 $2,624
1999 $4,802 $10,892 $401 $2,492
1998 $4,752 $10,415 $343 $2,442
1997 $4,606 $9,846 $383 $2,351
1996 $4,542 $9,388 $375 $2,268
1995 $4,509 $9,222 $764 $2,201
1994 $4,187 $8,888 $1,735 $2,115
1993 $3,887 $8,441 $1,397 $2,013
1992 $3,747 $8,284 $1,198 $1,963
1991 $3,361 $8,352 $1,016 $1,843
1990 $3,324 $9,169 $910 $1,742
1989 $2,902 - - -
1988 $2,812 - - -
1987 $2,566 - - -
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 (1968–2024, retrieved 2026-04-06).

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

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Yemen ranks 178th at $3,164.

Economic indicators

Hungary Yemen
Gross domestic product
$223B
2024
$21.6B
2018
GDP rank
55/197
2024
125/197
2018
GDP growth
0.56%
2023-2024
0.75%
2017-2018
GDP per capita
$23,292
2024
$634
2018
GDP per capita rank
55/197
2024
191/197
2018
GDP per capita, PPP
$48,552
2024
$3,164
2013
GDP per capita PPP rank
48/197
2024
178/197
2013
Government debt
$164B
2024
$18.8B
2018
Debt-to-GDP ratio
73.5%
2024
70.9%
2024
Government debt per person
$17,109
2024
$551
2018
Government debt per person rank
37/185
2024
165/185
2018
Average annual personal income after taxes
$16,996
2026
$1,127
2026
Market capitalization of domestic companies
$41.5B
2024
n/a
Number of millionaires
24,692
2025
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
46.9%
2024
8.91%
2024
Consumer prices inflation
3.7%
2023-2024
33.9%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
4.47%
2024
13.5%
2014
Population
9475525
43325643

Spending and national debt comparison by year

Hungary
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Hungary Yemen
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 8.91% 70.9%
2023 49.2% 73% 11.8% 77.9%
2022 48.7% 73.9% 12.2% 65.3%
2021 48.1% 76.2% 8.22% 75.9%
2020 51% 78.7% 10.6% 87%
2019 45.8% 65% 13.2% 91.5%
2018 45.9% 68.8% 14.3% 86.9%
2017 46.6% 72% 8.39% 83.8%
2016 46.7% 74.6% 16.1% 76.5%
2015 50.4% 75.7% 19.4% 57.7%
2014 50% 76.5% 27.8% 48.9%
2013 50.1% 77.2% 30.8% 48.4%
2012 49.2% 78.4% 36.2% 47.6%
2011 49.1% 80.5% 29.8% 45.7%
2010 48.9% 80.2% 30.2% 42.4%
2009 50.7% 78.2% 35.2% 49.8%
2008 48.8% 71.8% 41.2% 36.4%
2007 49.9% 65.6% 40.3% 40.4%
2006 51.4% 64.5% 37.4% 40.8%
2005 49.4% 60.6% 36.8% 43.8%
2004 48.8% 58.9% 34.2% 52.1%
2003 49.2% 58.2% 35.3% 56.8%
2002 51% 55.6% 30.8% 57.8%
2001 47.2% 52.2% 30.5% 60.6%
2000 47.3% 55.6% 31.7% 60.8%
1999 48.9% 60.3% 28.2% 96.1%
1998 50.7% 60.4% 34.3% 110.6%
1997 49.5% 62.2% 34.2% 74.2%
1996 50.9% 71.2% 30.7% 114.9%
1995 55% 83.9% 24.1% 84.1%
1994 - 86.2% 25.2% 73.3%
1993 - 87.2% 25.8% 76.7%
1992 - 76.5% 24.6% 78%
1991 - 74.2% 24.7% 82.7%
1990 - 63.7% 26.6% 91.6%
1989 - 70.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1998, retrieved 2026-02-20).

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

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 70.9% in Yemen, ranking 49/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Yemen
1x
Year Deficit/surplus, % of GDP
Hungary Yemen
2024 -4.92% -2.48%
2023 -6.75% -5.63%
2022 -6.17% -2.15%
2021 -7.11% -0.89%
2020 -7.49% -4.3%
2019 -2.02% -5.89%
2018 -2.05% -7.85%
2017 -2.45% -4.9%
2016 -1.79% -8.51%
2015 -2% -8.75%
2014 -2.77% -4.14%
2013 -2.6% -6.9%
2012 -2.33% -6.32%
2011 -5.22% -4.51%
2010 -4.44% -4.06%
2009 -4.76% -10.2%
2008 -3.78% -4.53%
2007 -5.09% -7.18%
2006 -9.27% 1.19%
2005 -7.79% -1.82%
2004 -6.6% -2.15%
2003 -7.19% -4.2%
2002 -8.79% -0.56%
2001 -4% 2.79%
2000 -3.04% 6.09%
1999 -5.27% 0.06%
1998 -7.41% -7.77%
1997 -5.54% -1.5%
1996 -4.36% -0.92%
1995 -8.57% -5.74%
1994 - -14%
1993 - -12.8%
1992 - -10.9%
1991 - -5.76%
1990 - -10.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

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

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 24 years, Hungary recorded a fiscal deficit in 24 of those years, while Yemen ran a deficit in 20 years. On average, Hungary posted an annual deficit equal to 4.88% of GDP, compared to deficit of 3.85% of GDP for Yemen.

Inflation comparison by year

Inflation
Hungary

Yemen
1x
Year Consumer prices inflation
Hungary Yemen
2024 3.7% 33.9%
2023 17.1% 0.9%
2022 14.6% 29.5%
2021 5.11% 31.5%
2020 3.33% 21.7%
2019 3.34% 15.7%
2018 2.85% 33.6%
2017 2.35% 30.4%
2016 0.39% 21.3%
2015 -0.06% 22%
2014 -0.23% 8.2%
2013 1.73% 11%
2012 5.65% 9.9%
2011 3.93% 19.5%
2010 4.86% 11.2%
2009 4.21% 3.7%
2008 6.04% 19%
2007 7.96% 7.9%
2006 3.93% 10.8%
2005 3.56% 9.9%
2004 6.74% 12.5%
2003 4.66% 10.8%
2002 5.27% 12.2%
2001 9.12% 11.9%
2000 9.8% 11%
1999 10% 7.9%
1998 14.2% 11.5%
1997 18.3% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Hungary has recorded an average annual inflation rate of 6.16%, compared with 15.5% in Yemen. In 2024, inflation was 3.7% in Hungary and 33.9% in Yemen.

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
$3.52B
2024
-$2.42B
2016
Current account balance ranking
36/190
2024
148/190
2016
Current account balance, % of GDP
+1.58%
2024
-7.72%
2016
Goods imports
$130B
2024
$6.8B
2016
Goods exports
$129B
2024
$473M
2016
Service imports
$27.9B
2024
$1.46B
2016
Service exports
$38.9B
2024
$466M
2016
Imports of goods and services, % of GDP
71.1%
2024
47.3%
2018
Exports of goods and services, % of GDP
75.4%
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 62.5 53.7
Economic freedom ranking 86/197 138/197
Property rights 67.3 3.5
Government integrity 44 6.2
Judicial effectiveness 61.9 9.9
Tax burden 85.1 93.7
Government spending 30.2 0
Fiscal health 32.7 71.2
Business freedom 70.8 31.3
Labor freedom 56.5 31.2
Monetary freedom 72.1 48.1
Trade freedom 79.4 67.4
Investment freedom 80 50
Financial freedom 70 30

Economic freedom comparison by year

Hungary
Yemen
1x
Year Economic freedom index
Hungary Yemen
2026 62.5 -
2025 61.4 -
2024 61.2 -
2023 64.1 -
2022 66.9 -
2021 67.2 -
2020 66.4 -
2019 65 -
2018 66.7 -
2017 65.8 -
2016 66 -
2015 66.8 53.7
2014 67 55.5
2013 67.3 55.9
2012 67.1 55.3
2011 66.6 54.2
2010 66.1 54.4
2009 66.8 56.9
2008 67.6 53.8
2007 64.8 54.1
2006 65 52.6
2005 63.5 53.8
2004 62.7 50.5
2003 63 50.3
2002 64.5 48.6
2001 65.6 44.3
2000 64.4 44.5
1999 59.6 43.3
1998 56.9 46.1
1997 55.3 48.4
1996 56.8 49.6
1995 55.2 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Yemen
Services, % of GDP
59.5%
2024
41.8%
2018
Industry, % of GDP
23.7%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
28.7%
2018
GNI, Atlas method
$199B
2024
$25.3B
2018
GNI per capita, PPP
$47,290
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
-$15.8B
2024
$15.4M
2015
Net inflows of foreign direct investment
-$62.2B
2024
-$371M
2019
Net outflows of foreign direct investment
-$78B
2024
$0
2024
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
23.5%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1998, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.