Hungary ranked 55/197 by economy size with a GDP of $223B and 54/197 by GDP per capita at $23,311. Hungary has $164B in government debt, with a debt-to-GDP ratio of 73.5%.
In 2025, Hungary made up 0.2% of the world's economy, compared to 0.2% in 1968.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| 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 | 11.1% |
| 1970 | $5,780,929,203 | $49,370,080,826 | 6.47% |
| 1971 | $6,291,568,221 | $52,431,025,837 | 8.83% |
| 1972 | $7,379,313,742 | $55,629,318,413 | 17.3% |
| 1973 | $9,138,292,402 | $59,467,741,383 | 23.8% |
| 1974 | $10,016,338,179 | $62,976,338,125 | 9.61% |
| 1975 | $11,420,392,515 | $66,880,871,089 | 14% |
| 1976 | $13,235,612,079 | $69,288,582,448 | 15.9% |
| 1977 | $14,783,674,055 | $74,554,514,714 | 11.7% |
| 1978 | $17,286,744,154 | $77,834,913,362 | 16.9% |
| 1979 | $19,959,731,325 | $79,936,456,022 | 15.5% |
| 1980 | $23,116,977,148 | $80,096,328,934 | 15.8% |
| 1981 | $23,705,883,892 | $82,392,486,407 | 2.55% |
| 1982 | $24,141,667,188 | $84,733,329,898 | 1.84% |
| 1983 | $21,910,365,258 | $85,345,922,955 | -9.24% |
| 1984 | $21,242,726,264 | $87,614,458,283 | -3.05% |
| 1985 | $21,510,643,750 | $87,392,734,577 | 1.26% |
| 1986 | $24,778,163,812 | $88,734,168,329 | 15.2% |
| 1987 | $27,232,016,527 | $92,328,993,221 | 9.9% |
| 1988 | $29,799,838,597 | $92,268,736,418 | 9.43% |
| 1989 | $30,422,508,938 | $92,948,226,296 | 2.09% |
| 1990 | $34,478,360,679 | $89,698,143,067 | 13.3% |
| 1991 | $34,867,307,353 | $79,031,203,242 | 1.13% |
| 1992 | $38,857,339,125 | $76,609,544,645 | 11.4% |
| 1993 | $40,256,233,360 | $76,168,190,532 | 3.6% |
| 1994 | $43,307,949,890 | $78,412,984,829 | 7.58% |
| 1995 | $46,577,614,589 | $79,580,966,215 | 7.55% |
| 1996 | $46,833,767,124 | $79,661,529,391 | 0.55% |
| 1997 | $47,398,564,799 | $82,033,753,398 | 1.21% |
| 1998 | $48,784,412,624 | $85,190,500,944 | 2.92% |
| 1999 | $49,160,204,397 | $87,819,529,312 | 0.77% |
| 2000 | $47,275,954,429 | $91,691,821,699 | -3.83% |
| 2001 | $53,800,068,066 | $95,416,367,494 | 13.8% |
| 2002 | $67,636,468,625 | $99,929,623,991 | 25.7% |
| 2003 | $85,190,469,121 | $103,865,629,649 | 26% |
| 2004 | $104,015,363,080 | $109,020,611,056 | 22.1% |
| 2005 | $113,098,237,571 | $113,708,806,061 | 8.73% |
| 2006 | $115,604,111,412 | $118,182,032,746 | 2.22% |
| 2007 | $140,123,326,896 | $118,574,815,858 | 21.2% |
| 2008 | $158,228,265,916 | $119,752,782,053 | 12.9% |
| 2009 | $130,807,441,076 | $111,681,245,652 | -17.3% |
| 2010 | $131,898,737,241 | $112,873,946,276 | 0.83% |
| 2011 | $141,712,804,954 | $115,037,411,550 | 7.44% |
| 2012 | $128,470,269,690 | $113,496,503,293 | -9.34% |
| 2013 | $135,646,053,779 | $115,802,945,078 | 5.59% |
| 2014 | $141,128,696,412 | $120,822,254,245 | 4.04% |
| 2015 | $125,244,126,623 | $125,244,126,623 | -11.3% |
| 2016 | $128,983,560,865 | $128,298,381,763 | 2.99% |
| 2017 | $143,335,098,992 | $133,589,642,960 | 11.1% |
| 2018 | $161,184,691,014 | $141,078,862,882 | 12.5% |
| 2019 | $164,936,682,034 | $148,241,697,677 | 2.33% |
| 2020 | $158,468,487,754 | $141,809,897,486 | -3.92% |
| 2021 | $183,282,685,440 | $152,052,706,989 | 15.7% |
| 2022 | $177,536,698,165 | $158,545,886,040 | -3.14% |
| 2023 | $214,022,571,311 | $157,210,091,224 | 20.6% |
| 2024 | $222,904,723,252 | $158,015,487,625 | 4.15% |
Economic Statistics of Hungary
Hungary
|
Rank | |
|---|---|---|
| Gross domestic product |
$223B
2024 |
55/197 |
| GDP growth |
4.15%
2023-2024 |
128/196 |
| GDP per capita |
$23,311
2024 |
54/197 |
| GDP per capita, PPP |
$47,636
2024 |
48/197 |
| Government debt |
$164B
2024 |
46/185 |
| Debt-to-GDP ratio |
73.5%
2025 |
50/185 |
| Government debt per person |
$17,123
2024 |
35/185 |
| Average annual personal income after taxes |
$15,444
2025 |
55/197 |
| Listed domestic companies |
68
2024 |
63/103 |
| Market capitalization of domestic companies |
$41.5B
2024 |
53/100 |
| Number of millionaires |
24,692
2024 |
34/34 |
| Millionaire frequency |
1 in 311
2024 |
28/34 |
| Number of billionaires |
4
2025 |
50/78 |
| Billionaire frequency |
1 in 1,921,731
2025 |
43/78 |
| Income share by richest 10% |
24.4%
2022 |
131/169 |
| Income share by poorest 10% |
2.8%
2022 |
83/169 |
| Government expenditure, % of GDP |
46.7%
2025 |
31/195 |
| Consumer prices inflation |
3.7%
2023-2024 |
79/195 |
| Central bank interest rate |
6.5%
2024 |
45/105 |
| Unemployment rate |
4.47%
2024 |
114/196 |
| Population |
9518980
|
97/197 |
Hungary's GDP per capita
Hungary has a GDP per capita of $23,311, ranking 54/197, a GDP per capita based on purchasing power parity (PPP) of $47,636, ranking 48/197, and a median annual after tax income of $15,444, ranking 55/197.
| Year | Current $ | |
|---|---|---|
| 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 |
| 1991 | $3,361 | $8,347 |
| 1992 | $3,747 | $8,279 |
| 1993 | $3,887 | $8,436 |
| 1994 | $4,187 | $8,882 |
| 1995 | $4,509 | $9,216 |
| 1996 | $4,542 | $9,384 |
| 1997 | $4,606 | $9,844 |
| 1998 | $4,752 | $10,415 |
| 1999 | $4,802 | $10,892 |
| 2000 | $4,630 | $11,869 |
| 2001 | $5,281 | $13,224 |
| 2002 | $6,658 | $14,532 |
| 2003 | $8,410 | $15,462 |
| 2004 | $10,291 | $16,253 |
| 2005 | $11,212 | $17,091 |
| 2006 | $11,478 | $18,366 |
| 2007 | $13,935 | $19,090 |
| 2008 | $15,763 | $20,709 |
| 2009 | $13,051 | $20,681 |
| 2010 | $13,190 | $21,693 |
| 2011 | $14,211 | $22,992 |
| 2012 | $12,950 | $23,205 |
| 2013 | $13,739 | $24,592 |
| 2014 | $14,353 | $25,796 |
| 2015 | $12,783 | $26,945 |
| 2016 | $13,216 | $28,179 |
| 2017 | $14,736 | $29,728 |
| 2018 | $16,605 | $32,258 |
| 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 |
Hungary's government spending, deficit, and chart
This chart shows Hungary's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Hungary recorded a fiscal deficit in 50 years — average annual deficit equal to -3.19% of GDP. In 2024, government spending reached $104B (46.7% of GDP), with a deficit of -4.59%.
The national debt reached $164B, ranking 46th out of 185 countries by total size, with a debt-to-GDP ratio of 73.5%, ranking 50th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1927 | 2.25% | 26.1% | 0.15% |
| 1928 | 2.31% | 24.9% | 0.12% |
| 1929 | 2.29% | 22.5% | 0.02% |
| 1930 | 2.58% | 24.6% | -0.26% |
| 1931 | 2.46% | 24.1% | -0.32% |
| 1932 | 2.42% | 36.8% | -0.22% |
| 1933 | 2.66% | 37.3% | -0.03% |
| 1934 | 2.68% | 36.3% | 0.04% |
| 1935 | 2.69% | 37% | 0.03% |
| 1936 | 2.64% | 35.4% | 0.08% |
| 1937 | 2.57% | 30.2% | -0.01% |
| 1938 | 3.09% | 27.8% | -0.11% |
| 1939 | 6.82% | 32.8% | 0.19% |
| 1940 | 3.07% | 44.9% | -0.07% |
| 1941 | 5.07% | 50.3% | 0.2% |
| 1942 | 6.26% | 53.1% | 0.31% |
| 1943 | 3.7% | 56.6% | -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 | - | 70.7% | -0.17% |
| 1990 | - | 63.7% | -0.17% |
| 1991 | - | 74.2% | -0.17% |
| 1992 | - | 76.5% | -0.17% |
| 1993 | - | 87.2% | -0.17% |
| 1994 | - | 86.2% | -0.17% |
| 1995 | 55% | 83.9% | -8.57% |
| 1996 | 50.9% | 71.2% | -4.36% |
| 1997 | 49.5% | 62.2% | -5.54% |
| 1998 | 50.7% | 60.4% | -7.41% |
| 1999 | 48.9% | 60.3% | -5.27% |
| 2000 | 47.3% | 55.6% | -3.04% |
| 2001 | 47.2% | 52.2% | -4% |
| 2002 | 51% | 55.6% | -8.79% |
| 2003 | 49.2% | 58.2% | -7.19% |
| 2004 | 48.8% | 58.9% | -6.6% |
| 2005 | 49.4% | 60.6% | -7.79% |
| 2006 | 51.4% | 64.5% | -9.27% |
| 2007 | 49.9% | 65.6% | -5.09% |
| 2008 | 48.8% | 71.8% | -3.78% |
| 2009 | 50.7% | 78.2% | -4.76% |
| 2010 | 48.9% | 80.2% | -4.44% |
| 2011 | 49.1% | 80.5% | -5.22% |
| 2012 | 49.2% | 78.4% | -2.33% |
| 2013 | 50.1% | 77.2% | -2.6% |
| 2014 | 50% | 76.5% | -2.77% |
| 2015 | 50.4% | 75.7% | -2% |
| 2016 | 46.7% | 74.6% | -1.79% |
| 2017 | 46.6% | 72% | -2.45% |
| 2018 | 45.9% | 68.8% | -2.05% |
| 2019 | 45.8% | 65% | -2.02% |
| 2020 | 51% | 78.7% | -7.49% |
| 2021 | 48.1% | 76.2% | -7.11% |
| 2022 | 48.7% | 73.9% | -6.17% |
| 2023 | 49.2% | 73% | -6.75% |
| 2024 | 46.9% | 73.5% | -4.92% |
| 2025 | 46.7% | 73.5% | -4.59% |
Inflation rate by year
Over the past 20 years, Hungary has had an average annual inflation rate of 4.72%. In 2024, inflation was 3.7%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1973 | 3.39% |
| 1974 | 1.8% |
| 1975 | 3.84% |
| 1976 | 5.23% |
| 1977 | 3.91% |
| 1978 | 4.69% |
| 1979 | 8.98% |
| 1980 | 9.29% |
| 1981 | 4.66% |
| 1982 | 6.84% |
| 1983 | 7.28% |
| 1984 | 8.47% |
| 1985 | 6.94% |
| 1986 | 5.29% |
| 1987 | 8.67% |
| 1988 | 15.7% |
| 1989 | 17.1% |
| 1990 | 28.4% |
| 1991 | 34.8% |
| 1992 | 23.7% |
| 1993 | 22.5% |
| 1994 | 18.9% |
| 1995 | 28.3% |
| 1996 | 23.5% |
| 1997 | 18.3% |
| 1998 | 14.2% |
| 1999 | 10% |
| 2000 | 9.8% |
| 2001 | 9.12% |
| 2002 | 5.27% |
| 2003 | 4.66% |
| 2004 | 6.74% |
| 2005 | 3.56% |
| 2006 | 3.93% |
| 2007 | 7.96% |
| 2008 | 6.04% |
| 2009 | 4.21% |
| 2010 | 4.86% |
| 2011 | 3.93% |
| 2012 | 5.65% |
| 2013 | 1.73% |
| 2014 | -0.23% |
| 2015 | -0.06% |
| 2016 | 0.39% |
| 2017 | 2.35% |
| 2018 | 2.85% |
| 2019 | 3.34% |
| 2020 | 3.33% |
| 2021 | 5.11% |
| 2022 | 14.6% |
| 2023 | 17.1% |
| 2024 | 3.7% |
Balance of trade
|
Hungary
|
Rank | |
|---|---|---|
Current account balance
|
$5.05B
2024 |
33/189 |
| Current account balance, % of GDP |
+2.27%
2024 |
51/189 |
| Goods imports |
$127B
2024 |
33/188 |
| Goods exports |
$128B
2024 |
33/188 |
| Service imports |
$27.4B
2024 |
43/188 |
| Service exports |
$38.3B
2024 |
39/188 |
| Imports of goods and services, % of GDP |
69.1%
2024 |
34/180 |
| Exports of goods and services, % of GDP |
74.7%
2024 |
20/193 |
Hungary's top 10 trading partners
Hungary's biggest trading partner accounting for 23.8%% of all exports and imports is Germany, with a trade balance between the two of +$8.62B — Hungary exports $48.7B worth of goods and services to Germany and imports $40.1B.
Below is the list of the top 10 trade partners of Hungary.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Germany
|
$88.9B | 23.8% | $48.7B | $40.1B | Machinery & equipment | Machinery & equipment |
| 2 |
Poland
|
$20.6B | 5.5% | $10.2B | $10.4B | Chemicals & pharma | Machinery & equipment |
| 3 |
Austria
|
$20.5B | 5.47% | $9.43B | $11B | Machinery & equipment | Machinery & equipment |
| 4 |
Slovakia
|
$19.4B | 5.2% | $9.34B | $10.1B | Machinery & equipment | Raw materials & minerals |
| 5 |
Czech Republic
|
$16.9B | 4.51% | $7.78B | $9.11B | Machinery & equipment | Machinery & equipment |
| 6 |
Italy
|
$16.9B | 4.5% | $9.65B | $7.2B | Machinery & equipment | Machinery & equipment |
| 7 |
Netherlands
|
$16.3B | 4.36% | $7.09B | $9.21B | Machinery & equipment | Machinery & equipment |
| 8 |
United States
|
$15.4B | 4.13% | $10.7B | $4.78B | Machinery & equipment | Machinery & equipment |
| 9 |
Romania
|
$15.3B | 4.08% | $10.6B | $4.71B | Machinery & equipment | Machinery & equipment |
| 10 |
France
|
$13.6B | 3.64% | $7.98B | $5.63B | Machinery & equipment | Machinery & equipment |
Hungary's top 10 exports
|
Hungary
|
Rank | |
|---|---|---|
| Machinery & equipment | $99.1B | 21/193 |
| Chemicals & pharma | $22.4B | 26/193 |
| Transport & tourism services | $18.2B | 34/188 |
| Raw materials & minerals | $10.7B | 52/193 |
| Processed food, beverages & tobacco | $9.1B | 27/192 |
| Business & finance services | $9.07B | 32/188 |
| Textiles & consumer goods | $8.59B | 33/193 |
| Metals | $6.62B | 43/192 |
| IT & IP services | $4.94B | 31/183 |
| Raw agricultural goods | $3.96B | 34/193 |
Hungary's top 10 imports
|
Hungary
|
Rank | |
|---|---|---|
| Machinery & equipment | $72.3B | 31/193 |
| Chemicals & pharma | $23.8B | 32/193 |
| Raw materials & minerals | $18.2B | 36/193 |
| Metals | $12B | 32/193 |
| Transport & tourism services | $11.6B | 47/188 |
| Textiles & consumer goods | $9.17B | 35/193 |
| Business & finance services | $8.17B | 38/188 |
| Processed food, beverages & tobacco | $6.53B | 36/193 |
| IT & IP services | $4.1B | 37/182 |
| Wood & paper products | $3.24B | 31/193 |
Economic freedom indices
|
Hungary
|
Rank | |
|---|---|---|
| Economic freedom | 61.4 | 87/197 |
| Property rights | 69.2 | 53/182 |
| Government integrity | 42.2 | 53/182 |
| Judicial effectiveness | 62.7 | 53/182 |
| Tax burden | 85.3 | 56/181 |
| Government spending | 28.5 | 166/180 |
| Fiscal health | 17.6 | 157/181 |
| Business freedom | 76.1 | 49/182 |
| Labor freedom | 60.3 | 63/182 |
| Monetary freedom | 65.1 | 142/180 |
| Trade freedom | 79.6 | 41/181 |
| Investment freedom | 80 | 14/181 |
| Financial freedom | 70 | 23/181 |
Hungary's economic freedom by year
Hungary is ranked 77/180 for economic freedom with a score of 61.4, compared to 50/163 and a score of 63.5 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 55.2 | - | 46.8 | 0 | - |
| 1996 | 56.8 | - | 55.8 | 0 | - |
| 1997 | 55.3 | - | 54.4 | 0 | - |
| 1998 | 56.9 | - | 55.7 | 2.9 | - |
| 1999 | 59.6 | - | 62.6 | 12.8 | - |
| 2000 | 64.4 | - | 63.9 | 39.3 | - |
| 2001 | 65.6 | - | 65.7 | 41.9 | - |
| 2002 | 64.5 | - | 65.5 | 28 | - |
| 2003 | 63 | - | 65.6 | 22.3 | - |
| 2004 | 62.7 | - | 65.6 | 20.1 | - |
| 2005 | 63.5 | - | 67.9 | 25.6 | - |
| 2006 | 65 | - | 68.2 | 27.1 | - |
| 2007 | 64.8 | - | 68.8 | 26.8 | - |
| 2008 | 67.6 | - | 70 | 26.5 | - |
| 2009 | 66.8 | - | 70.6 | 19.2 | - |
| 2010 | 66.1 | - | 68.6 | 25.9 | - |
| 2011 | 66.6 | - | 69.7 | 27.4 | - |
| 2012 | 67.1 | - | 78.6 | 24.4 | - |
| 2013 | 67.3 | - | 79.7 | 29.7 | - |
| 2014 | 67 | - | 81.1 | 26.8 | - |
| 2015 | 66.8 | - | 78.7 | 25.9 | - |
| 2016 | 66 | - | 78.7 | 26.7 | - |
| 2017 | 65.8 | 51.8 | 79.3 | 25.3 | 79.3 |
| 2018 | 66.7 | 57.1 | 78.6 | 29.4 | 82.4 |
| 2019 | 65 | 45.2 | 78.6 | 31.7 | 85 |
| 2020 | 66.4 | 45.7 | 79.9 | 34.5 | 83.6 |
| 2021 | 67.2 | 52.4 | 83.6 | 35 | 83.3 |
| 2022 | 66.9 | 62.2 | 84.1 | 31.6 | 58.4 |
| 2023 | 64.1 | 44.8 | 84.2 | 29.8 | 38.9 |
| 2024 | 61.2 | 63 | 85.4 | 27.7 | 11.5 |
| 2025 | 61.4 | 62.7 | 85.3 | 28.5 | 17.6 |
More economic indicators
|
Hungary
|
Rank | |
|---|---|---|
| Services, % of GDP |
59.7%
2024 |
78/191 |
| Industry, % of GDP |
23.9%
2024 |
100/194 |
| Agriculture, forestry, and fishing, % of GDP |
2.37%
2024 |
143/193 |
|
GNI, Atlas method
|
$198B
2024 |
58/194 |
| GNI per capita, PPP |
$46,400
2024 |
46/191 |
| Total reserves including gold |
$46.4B
2024 |
42/177 |
|
Net foreign direct investment
|
-$15.6B
2024 |
181/188 |
|
Net inflows of foreign direct investment
|
-$34.9B
2024 |
189/193 |
|
Net outflows of foreign direct investment
|
-$50.6B
2024 |
187/187 |
| Poverty at national poverty lines |
12.1%
2021 |
149/176 |
|
Gross capital formation, % of GDP
|
23.6%
2024 |
83/176 |
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Economy comparisons
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.
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.