Gross debt in Hungary

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Hungary in the period from 1998 to 2019 was between 25.6 bn and 110.2 bn USD. The hightest level within the past 21 years was reached in 2018. However, the liabilities in 2019 have been only 105.26 bn USD

Based on the number of inhabitants, this is in Hungary a debt of 10,772 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,690 USD.

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Gross debt of the last 21 years in billion USD

JahrHungary totalHungary per capitaEU per capita
199827.56 bn USD2,684 USD12,387 USD
199929.14 bn USD2,846 USD12,342 USD
200025.58 bn USD2,505 USD10,778 USD
200129.05 bn USD2,852 USD10,717 USD
200238.31 bn USD3,771 USD11,593 USD
200347.32 bn USD4,672 USD14,402 USD
200462.18 bn USD6,153 USD16,970 USD
200566.84 bn USD6,626 USD17,846 USD
200677.97 bn USD7,742 USD18,591 USD
200790.82 bn USD9,031 USD20,509 USD
2008107.84 bn USD10,742 USD23,520 USD
2009106.74 bn USD10,650 USD25,266 USD
2010104.88 bn USD10,488 USD30,683 USD
2011101.45 bn USD10,174 USD34,278 USD
201299.61 bn USD10,041 USD33,161 USD
2013104.76 bn USD10,590 USD35,247 USD
2014105.72 bn USD10,715 USD36,694 USD
201593.01 bn USD9,450 USD31,489 USD
201696.82 bn USD9,866 USD31,202 USD
2017103.06 bn USD10,530 USD32,052 USD
2018110.24 bn USD11,277 USD33,816 USD
2019105.26 bn USD10,772 USD32,690 USD

Comparison of the gross debt per capita with the European Union in Euro

      Hungary       European Union

Budget deficit in Hungary

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget deficit in Hungary in the period between 1998 and 2019 varied between 1.41 bn Euro and 10.69 bn Euro. In 2019 was reached a balance of -3.39 bn Euro.

In ratio to population, this equals a new indebtedness of 347 Euro per capita in Hungary only in 2019. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.

Budget deficit of the past 21 years

JahrHungary totalHungary per capitaEU per capita
1998-3.78 bn USD-368 USD-350 USD
1999-2.65 bn USD-259 USD-180 USD
2000-1.41 bn USD-138 USD98 USD
2001-2.16 bn USD-212 USD-263 USD
2002-5.98 bn USD-589 USD-496 USD
2003-6.09 bn USD-601 USD-738 USD
2004-6.60 bn USD-653 USD-808 USD
2005-8.81 bn USD-873 USD-722 USD
2006-10.69 bn USD-1,061 USD-499 USD
2007-7.04 bn USD-700 USD-315 USD
2008-6.03 bn USD-600 USD-951 USD
2009-6.27 bn USD-625 USD-2,252 USD
2010-5.86 bn USD-586 USD-2,486 USD
2011-7.41 bn USD-743 USD-1,907 USD
2012-2.99 bn USD-302 USD-1,689 USD
2013-3.53 bn USD-357 USD-1,354 USD
2014-3.92 bn USD-397 USD-1,226 USD
2015-2.51 bn USD-255 USD-871 USD
2016-2.31 bn USD-236 USD-620 USD
2017-3.49 bn USD-356 USD-406 USD
2018-3.40 bn USD-348 USD-288 USD
2019-3.39 bn USD-347 USD-332 USD

(negative numbers = deficit)