Hungary Hungary vs Ireland Ireland development indicators, 2024

Indicator
Hungary
Hungary, Value
Ireland
Ireland, Value
Hungary
Hungary, Rank
Ireland
Ireland, Rank
Hungary Hungary as % of
Ireland Ireland
Exports of goods and services (% of GDP) 74.7 148 17 5 50.6 %
GDP per capita (current US$) 23,311 107,316 54 3 21.7 %
GDP per capita, PPP (current international US$) 47,636 131,175 47 3 36.3 %
Imports of goods and services (% of GDP) 69.1 105 23 7 65.6 %
Inflation, consumer prices (annual %) 3.7 2.11 58 109 175 %
Net migration 16,223 39,059 41 28 41.5 %
Population, total 9,562,314 5,380,257 96 120 178 %

Demography and Health

Hungary has a birth rate of 9.1 per 1,000 people compared to Ireland's 10.3, indicating a slower population growth. The death rate in Hungary (13.4 per 1,000) is significantly higher than Ireland's (6.6), contributing to a lower life expectancy of 76.8 years in Hungary versus 82.9 years in Ireland. Both countries have a similar under-5 mortality rate at 3.8 per 1,000 live births. Hungary's healthcare system faces challenges as reflected in the per capita government health expenditure (PPP) of $2,103, much lower than Ireland's $6,419. The physician availability, with 3.3 per 1,000 people in Hungary compared to 4.1 in Ireland, indicates a higher access to healthcare professionals in Ireland, likely contributing to better health outcomes. Additionally, the suicide mortality rate is notably higher in Hungary at 16.4 per 100,000 people, revealing mental health challenges that need addressing.

Economy

Hungary's GDP per capita is $23,311, significantly lower than Ireland's $107,316, illustrating the disparity in economic prosperity. When considering GDP per capita adjusted for purchasing power parity (PPP), Hungary's figure stands at $47,636 versus Ireland's $131,175, again highlighting a substantial economic gap. The inflation rate is also higher in Hungary at 3.7%, compared to Ireland's 2.1%, which may affect purchasing power and economic stability.

Trade and Investment

Hungary has a high level of exports at 74.7% of GDP but still lags behind Ireland, where exports account for a remarkable 148% of GDP. Similarly, Hungary’s imports cover 69.1% of GDP, while Ireland's imports are at 105%, reflecting a robust trade relationship with global markets for both countries. High-technology exports show another stark contrast, with Hungary exporting $24.4 billion compared to Ireland's $91.4 billion, emphasizing Ireland's strength in high-technology sectors.

Governance and Institutions

In governance metrics, Hungary faces challenges with a Control of Corruption index of -0, significantly lower than Ireland’s 1.6. This suggests a higher perceived level of corruption in Hungary, which can hinder investment and economic growth. Government Effectiveness is also notably lower in Hungary at 0.4 against Ireland's 1.6. The Rule of Law metric indicates that Hungary (0.4) struggles more than Ireland (1.6), revealing potential issues in the legal system and enforcement. Political Stability and the Absence of Violence index scores show Hungary (0.7) is relatively stable but falls short compared to Ireland (0.9).

Infrastructure and Technology

Hungary's Logistics Performance Index, measuring trade and transport-related infrastructure quality, stands at 3.1, lower than Ireland's 3.5. This indicates that Ireland has a more developed transportation and logistics framework, which is crucial for supporting trade. The number of patent applications per resident in Hungary (433) is significantly higher than Ireland's (75), reflecting greater innovation activity in Hungary despite its challenges in economic performance.

Environment and Sustainability

Both countries show a low prevalence of undernourishment at 2.5% of the population, indicating food security is not a significant issue in either case. Hungary’s renewable energy consumption is slightly higher at 15.3% compared to Ireland’s 12.7%. However, Ireland excels with lower total greenhouse gas emissions per capita (10.9 t CO2e) compared to Hungary (6.4 t CO2e), suggesting better environmental sustainability efforts. The level of water stress in Hungary is relatively moderate at 8.1%, while Ireland faces greater pressure at 22.2%, calling for attention to water resource management in both contexts.