
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. 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 2022 was between 25.9 billion and 135.6 billion USD. The hightest level within the past 24 years was reached in 2021. However, the liabilities in 2022 have been only 128 billion USD The budget deficit in the same year was 11.2 billion USD.
Based on the number of inhabitants, this is a debt of 13,212 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,253 USD.
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Gross debt of the last 24 years in billion USD
Year | Hungary total | Hungary per capita | EU per capita |
---|---|---|---|
1998 | 27.56 bn USD | 2,684 USD | 14,079 USD |
1999 | 29.14 bn USD | 2,846 USD | 14,032 USD |
2000 | 25.87 bn USD | 2,533 USD | 11,241 USD |
2001 | 29.39 bn USD | 2,885 USD | 11,263 USD |
2002 | 38.78 bn USD | 3,817 USD | 12,266 USD |
2003 | 47.90 bn USD | 4,729 USD | 15,295 USD |
2004 | 62.82 bn USD | 6,216 USD | 17,606 USD |
2005 | 67.28 bn USD | 6,669 USD | 18,337 USD |
2006 | 78.22 bn USD | 7,767 USD | 18,887 USD |
2007 | 91.14 bn USD | 9,064 USD | 20,910 USD |
2008 | 107.84 bn USD | 10,742 USD | 24,100 USD |
2009 | 106.74 bn USD | 10,650 USD | 25,376 USD |
2010 | 104.88 bn USD | 10,488 USD | 26,515 USD |
2011 | 101.45 bn USD | 10,174 USD | 29,254 USD |
2012 | 99.61 bn USD | 10,041 USD | 28,198 USD |
2013 | 104.76 bn USD | 10,590 USD | 30,008 USD |
2014 | 105.72 bn USD | 10,715 USD | 30,677 USD |
2015 | 93.01 bn USD | 9,450 USD | 25,944 USD |
2016 | 96.82 bn USD | 9,866 USD | 26,287 USD |
2017 | 103.10 bn USD | 10,534 USD | 27,108 USD |
2018 | 110.27 bn USD | 11,280 USD | 28,543 USD |
2019 | 105.49 bn USD | 10,797 USD | 27,264 USD |
2020 | 120.47 bn USD | 12,355 USD | 30,919 USD |
2021 | 135.57 bn USD | 13,962 USD | 33,827 USD |
2022 | 128.28 bn USD | 13,212 USD | 31,253 USD |
Comparison of gross debt per capita with the European Union in U.S. dollars
Budget deficit in Hungary

The budget deficit in Hungary in the period between 1998 and 2022 varied between 1.41 billion euros and 13.03 billion euros. In 2022, Hungary reached a balance of -11 billion euros.
In ratio to population, this equals a new indebtedness of 1,153 euros per capita in Hungary in 2022. For comparison, the average debt per capita in the European Union in the same year was 1,254 euros.
Budget deficit of the past 24 years
Year | Hungary total | Hungary per capita | EU per capita |
---|---|---|---|
1998 | -3.78 bn USD | -368 USD | -398 USD |
1999 | -2.65 bn USD | -259 USD | -204 USD |
2000 | -1.41 bn USD | -138 USD | 112 USD |
2001 | -2.16 bn USD | -212 USD | -299 USD |
2002 | -5.98 bn USD | -589 USD | -565 USD |
2003 | -6.09 bn USD | -601 USD | -840 USD |
2004 | -6.60 bn USD | -653 USD | -920 USD |
2005 | -8.81 bn USD | -873 USD | -822 USD |
2006 | -10.69 bn USD | -1,061 USD | -568 USD |
2007 | -7.04 bn USD | -700 USD | -360 USD |
2008 | -6.03 bn USD | -600 USD | -1,085 USD |
2009 | -6.27 bn USD | -625 USD | -2,021 USD |
2010 | -5.86 bn USD | -586 USD | -1,970 USD |
2011 | -7.41 bn USD | -743 USD | -1,463 USD |
2012 | -2.99 bn USD | -302 USD | -1,220 USD |
2013 | -3.53 bn USD | -357 USD | -1,027 USD |
2014 | -3.92 bn USD | -397 USD | -851 USD |
2015 | -2.51 bn USD | -255 USD | -574 USD |
2016 | -2.31 bn USD | -236 USD | -421 USD |
2017 | -3.53 bn USD | -361 USD | -263 USD |
2018 | -3.30 bn USD | -338 USD | -134 USD |
2019 | -3.36 bn USD | -344 USD | -191 USD |
2020 | -11.85 bn USD | -1,215 USD | -2,317 USD |
2021 | -13.03 bn USD | -1,342 USD | -1,852 USD |
2022 | -11.19 bn USD | -1,153 USD | -1,254 USD |
(negative numbers = deficit)