France France vs Hungary Hungary development indicators, 2024

Indicator
France
France, Value
Hungary
Hungary, Value
France
France, Rank
Hungary
Hungary, Rank
France France as % of
Hungary Hungary
Current account balance (% of GDP) 0.392 2.28 49 37 17.2 %
Exports of goods and services (% of GDP) 33.2 74.7 75 17 44.5 %
Foreign direct investment, net inflows (% of GDP) 1.75 -14.7 63 107
GDP per capita (current US$) 46,150 23,311 26 54 198 %
GDP per capita, PPP (current international US$) 61,322 47,636 28 47 129 %
Imports of goods and services (% of GDP) 34 69.1 85 23 49.2 %
Inflation, consumer prices (annual %) 2 3.7 114 58 54 %
Net migration 90,527 16,223 20 41 558 %
Population, total 68,516,699 9,562,314 23 96 717 %

Demography and Health

In terms of demographics, France has a crude birth rate of 9.9 per 1,000 people in 2023, while Hungary's is slightly lower at 9.1, placing France at rank 19 and Hungary at rank 38. The crude death rate in France is significantly better at 9.2 per 1,000, compared to Hungary's 13.4, which ranks Hungary 19th and France 65th. Life expectancy at birth is higher in France at 82.9 years, contrasting with Hungary's 76.8 years, ranking France 11th and Hungary 65th. The under-5 mortality rate is marginally better in Hungary at 3.8 per 1,000 live births compared to France's 4.3, indicating that both countries focus on child health, although France ranks higher overall.

Economy

France has a GDP per capita of $46,150 in 2024, significantly higher than Hungary's $23,311, ranking France 37th and Hungary 84th. In terms of GDP per capita at purchasing power parity (PPP), France remains ahead at $61,322 compared to Hungary's $47,636. France's inflation rate is lower at 2%, while Hungary's is at 3.7%, affecting purchasing power and costs of living. However, Hungary's poverty headcount ratio stands at 12.1%, whereas France's is higher at 15.6%, which indicates a more substantial segment of the population experiencing poverty in France.

Trade and Investment

Exports of goods and services as a percentage of GDP show a stark difference: France at 33.2%, ranked 105th, while Hungary has a high 74.7%, ranked 44th. In contrast, imports of goods and services account for 34% of France's GDP compared to Hungary's 69.1%. Furthermore, Hungary exhibits negative net foreign direct investment inflows at -14.7% of GDP, whereas France has a modest positive inflow at 1.8%. This suggests a more favorable investment climate in France relative to Hungary.

Governance and Institutions

France is notably effective in governance, with indices reflecting higher levels of control of corruption (1.2) and government effectiveness (1.1) compared to Hungary's scores of -0 and 0.4, respectively. The rule of law in France also ranks better at 1.2 compared to Hungary's 0.4, indicating a stronger legal framework in France. Meanwhile, Hungary performs better in terms of political stability, scoring 0.7 compared to France's 0.3, meaning Hungary has fewer issues with violence and terrorism, ranking higher overall.

Infrastructure and Technology

France excels in high-technology exports at $115.3 billion, ranking 4th, while Hungary's high-tech exports total $24.4 billion, placing it at 29th. Regarding logistics performance and infrastructure quality, France rates 3.8 versus Hungary’s 3.1, reflecting superior transportation and trade-related infrastructure in France. Additionally, France's expenditure on research and development as a percentage of GDP stands at 2.2%, significantly above Hungary's 1.4%, demonstrating a stronger commitment to innovation and advanced technology.

Environment and Sustainability

On environmental issues, both countries report a prevalence of undernourishment at 2.5%, indicating food security is similar. The renewable energy consumption is greater in France at 16.2% of total energy consumption, slightly ahead of Hungary's 15.3%. However, Hungary faces a more favorable level of water stress with a freshwater withdrawal rate of 8.1%, compared to France’s 21.6%. Total greenhouse gas emissions per capita are lower in France at 5.6 tons compared to Hungary’s 6.4 tons, indicating that France has a smaller carbon footprint per person.