Germany vs Hungary development indicators, 2024

Indicator	Germany, Value	Hungary, Value	Germany, Rank	Hungary, Rank	Germany as % of Hungary
Current account balance (% of GDP)	5.73	2.28	18	37	252 %
Exports of goods and services (% of GDP)	42.1	74.7	53	17	56.4 %
Foreign direct investment, net inflows (% of GDP)	1.02	-14.7	73	107
GDP per capita (current US$)	55,800	23,311	17	54	239 %
GDP per capita, PPP (current international US$)	72,300	47,636	18	47	152 %
Imports of goods and services (% of GDP)	38.2	69.1	75	23	55.3 %
Individuals using the Internet (% of population)	93.5	91.5	5	6	102 %
Inflation, consumer prices (annual %)	2.26	3.7	103	58	60.9 %
Net migration	36,954	16,223	29	41	228 %
Population, total	83,510,950	9,562,314	19	96	873 %

Demography and Health

Germany has a total population of approximately 83.5 million people, making it one of the largest countries in Europe. Hungary, with a significantly smaller population of 9.6 million, ranks 52nd in global population size. In terms of demographics, Germany's birth rate stands at 8.3 per 1,000 people, slightly lower than Hungary's 9.1, ranking them 54th and 38th respectively. Conversely, Germany has a higher death rate at 12.3 per 1,000 people compared to Hungary's 13.4, with Germany ranking 27th and Hungary 19th. Life expectancy at birth highlights Germany's advanced healthcare, with an average of 80.5 years compared to Hungary's 76.8 years. However, both countries demonstrate similar under-five mortality rates, with Germany at 3.7 and Hungary at 3.8 per 1,000 live births. Regarding health expenditures, Germany invests 11.8% of its GDP compared to Hungary's 6.4%. Additionally, the prevalence of undernourishment is low in both countries at 2.5%.

Economy

The economic landscape reveals stark contrasts between Germany and Hungary. Germany boasts a GDP per capita of $55,800, placing it 22nd globally, while Hungary's GDP per capita is significantly lower at $23,311, ranking 84th. In terms of purchasing power parity (PPP), Germany's GDP per capita is $72,300, versus Hungary's $47,636. Although Hungary displays a remarkable reliance on exports, with exports of goods and services making up 74.7% of GDP (ranked 44th), Germany's figure at 42.1% (ranked 88th) highlights its larger and more diverse economy. Inflation rates are also lower in Germany at 2.3%, compared to Hungary's 3.7%. Additionally, Germany has a lower unemployment rate of 3.1% compared to Hungary's 4.1%, illustrating the strength of the German labor market.

Trade and Investment

When it comes to trade, Germany demonstrates an advantageous position with high-tech exports reaching $255.7 billion, ranking first globally. In contrast, Hungary's high-tech exports of $24.4 billion place it in 29th position. Foreign direct investment (FDI) net inflows exhibit a significant disparity; Germany attracts a steady inflow of 1% of its GDP while Hungary faces a net outflow of -14.7%. This reflects the varying perceptions of investment climates between the two nations. Additionally, Germany has a current account balance at 5.7% of GDP, compared to Hungary's 2.3%. Despite Hungary's reliance on imports at 69.1% of GDP, significantly higher than Germany's 38.2%, Germany's net trade position allows for a more robust economy overall.

Governance and Institutions

Germany ranks highly in governance indicators, with a control of corruption score of 1.7 compared to Hungary's score of -0, indicating a relatively high level of corruption in Hungary. Moreover, Germany demonstrates better government effectiveness with a score of 1.2, while Hungary's is 0.4. The rule of law in Germany, with a score of 1.6, also surpasses Hungary's 0.4. The military expenditure reflects Germany's focus on defense, amounting to $66.8 billion compared to Hungary's $4.4 billion. Political stability, key for fostering investment, reveals slight differences with Germany at a score of 0.6 versus Hungary's 0.7, indicating comparative stability in both nations.

Infrastructure and Technology

Infrastructure performance diverges between the two nations, with Germany demonstrating superior logistics performance at a score of 4.3, marking it first globally, contrasted with Hungary's score of 3.1, which ranks 22nd. In the realm of research and development expenditure as a percentage of GDP, Germany invests 3.1%, versus Hungary's 1.4%, indicating a more robust commitment to innovation. Furthermore, internet usage is high in both nations, with Germany at 93.5% and Hungary at 91.5%, showcasing a well-connected populace in both contexts.

Environment and Sustainability

Germany is leading in renewable energy consumption at 17.6% of total final energy consumption, whereas Hungary lags behind at 15.3%. The total greenhouse gas emissions per capita show Germany emitting 8.1 t CO2e per capita compared to Hungary’s 6.4 t CO2e per capita, highlighting Germany's industrial activities contributing to higher emissions. Germany's level of water stress is concerning at 35.4%, indicating a higher proportion of freshwater withdrawal, while Hungary has a notably lower stress level at 8.1%. Overall, sustainability practices and policies reveal that while both countries face challenges, Germany shows stronger commitment and investment in transitioning towards renewable sources.