Hungary vs Serbia
Hungary vs Serbia: Government debt
Government debt in 2025: 74.6% of GDP in Hungary and 42.2% of GDP in Serbia, by IMF estimates. In 2025 the value was higher in Hungary, by 32.3 percentage points, or 1.77 times that in Serbia.
% of GDP · IMF
What the numbers say
- Hungary has been higher since 2004, when it overtook Serbia.
- In 2025, Hungary ranked 34 and Serbia ranked 97 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Hungary at 87.8% of GDP and Serbia at 40.9% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Hungary | Serbia |
|---|---|---|
| 2025 | 74.6 | 42.2 |
| 2024 | 73.5 | 44.1 |
| 2023 | 73.3 | 45.7 |
| 2022 | 74.1 | 50.9 |
| 2021 | 76.2 | 53.6 |
| 2020 | 78.7 | 54.3 |
| 2019 | 65 | 49.5 |
| 2018 | 68.8 | 51.1 |
| 2017 | 72 | 55.3 |
| 2016 | 74.7 | 65 |
| 2015 | 75.7 | 67.1 |
| 2014 | 76.5 | 63.5 |
| 2013 | 77.2 | 61.2 |
| 2012 | 78.4 | 58 |
| 2011 | 80.5 | 46 |
| 2010 | 80.2 | 42.5 |
| 2009 | 78.2 | 35.3 |
| 2008 | 71.8 | 29.4 |
| 2007 | 65.6 | 30 |
| 2006 | 64.5 | 37 |
| 2005 | 60.6 | 50.1 |
| 2004 | 58.9 | 57.6 |
| 2003 | 58.2 | 64.5 |
| 2002 | 55.6 | 68.4 |
| 2001 | 52.2 | 95.9 |
| 2000 | 55.6 | 200.6 |
| 1999 | 60.3 | – |
| 1998 | 60.4 | – |
| 1997 | 62.2 | – |
| 1996 | 71.2 | – |
| 1995 | 83.9 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Hungary | Serbia |
|---|---|---|
| 2026 | 78.7 | 42.9 |
| 2027 | 81.4 | 42.9 |
| 2028 | 83.5 | 42.8 |
| 2029 | 85.1 | 42.2 |
| 2030 | 86.5 | 41.6 |
| 2031 | 87.8 | 40.9 |
Each country on its own
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 149 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Hungary vs Serbia
Health
- Life expectancyHungary: 77 years in 2023Serbia: 76.8 years in 2023
- Child mortalityHungary: 0.4 per 100 live births in 2024Serbia: 0.5 per 100 live births in 2024
- Infant mortalityHungary: 3.2 per 1,000 live births in 2023Serbia: 4.2 per 1,000 live births in 2023
- Safe drinking waterHungary: 100% in 2022Serbia: 75.1% in 2022
- DepressionHungary: 2.77% in 2017Serbia: 2.57% in 2017
- Suicide rateHungary: 14.3 per 100,000 people in 2017Serbia: 12.7 per 100,000 people in 2017
People
- PopulationHungary: 9.69 million people in 2023Serbia: 6.77 million people in 2023
- Population growthHungary: 0.07% a year in 2023Serbia: -0.44% a year in 2023
- Fertility rateHungary: 1.49 births per woman in 2023Serbia: 1.5 births per woman in 2023
- Urban populationHungary: 70.7% in 2025Serbia: 62.6% in 2025
- Median ageHungary: 43.3 years in 2023Serbia: 43.9 years in 2023
- People aged 65 and overHungary: 20.8% in 2023Serbia: 22.3% in 2023
- Net migration rateHungary: 5.1 per 1,000 people in 2023Serbia: 0.6 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingHungary: 2.04% of GDP in 2025Serbia: 2.76% of GDP in 2025
- Military spending in US dollarsHungary: $4.62B in 2025Serbia: $2.55B in 2025
- Military spending per personHungary: $518 in 2025Serbia: $414 in 2025
- Military share of state spendingHungary: 4.3% of government spending in 2025Serbia: 6.4% of government spending in 2025
- Armed forces personnelHungary: 46,000 people in 2020Serbia: 32,000 people in 2020
- National powerHungary: 0.13% of world capability in 2022Serbia: 0.09% of world capability in 2022
- Armed forces, share of workersHungary: 0.95% of the labour force in 2020Serbia: 1.01% of the labour force in 2020
- Arms importsHungary: 402 million TIV in 2025Serbia: 146 million TIV in 2025
- Arms exportsHungary: 11 million TIV in 2024Serbia: 39 million TIV in 2025