Hungary Hungary vs Lithuania Lithuania development indicators, 2024

Indicator
Hungary
Hungary, Value
Lithuania
Lithuania, Value
Hungary
Hungary, Rank
Lithuania
Lithuania, Rank
Hungary Hungary as % of
Lithuania Lithuania
Current account balance (% of GDP) 2.28 2.48 37 35 92 %
Exports of goods and services (% of GDP) 74.7 74.1 17 19 101 %
Foreign direct investment, net inflows (% of GDP) -14.7 4.24 107 24
GDP per capita (current US$) 23,311 29,386 54 44 79.3 %
GDP per capita, PPP (current international US$) 47,636 54,414 47 37 87.5 %
Imports of goods and services (% of GDP) 69.1 68.9 23 24 100 %
Inflation, consumer prices (annual %) 3.7 0.716 58 145 517 %
Net migration 16,223 2,617 41 61 620 %
Population, total 9,562,314 2,888,055 96 138 331 %

Demography and Health

Hungary has a crude birth rate of 9.1 per 1,000 people, which is higher than Lithuania's rate of 7.2, ranking Hungary 38th compared to Lithuania's 74th. However, the crude death rate in Hungary is 13.4, slightly higher than Lithuania's 12.9, placing Hungary 19th and Lithuania 23rd respectively. Life expectancy at birth is also slightly lower in Hungary at 76.8 years compared to Lithuania's 77 years. Additionally, both countries show comparable rates of undernourishment at 2.5%. The under-5 mortality rate is 3.8 in Hungary versus 3.4 in Lithuania. Furthermore, suicide mortality is notably higher in Hungary, recorded at 16.4 per 100,000 population, while Lithuania's rate is significantly higher at 22.1, highlighting differing public health challenges.

Economy

In terms of GDP per capita, Hungary trails behind Lithuania, with figures of $23,311 and $29,386 respectively, ranking Hungary 84th and Lithuania 63rd. When adjusted for purchasing power parity (PPP), the gap narrows somewhat, with Hungary at $47,636 versus Lithuania's $54,414, ranking them 72nd and 53rd, respectively. Hungary's inflation rate is higher at 3.7%, compared to Lithuania's 0.7%, suggesting differing economic conditions. Hungary's unemployment rate is 4.1%, which is lower than Lithuania's 6.8%, with Hungary ranked 63rd and Lithuania 24th, indicating a tighter labor market in Hungary despite economic challenges.

Trade and Investment

Both countries exhibit high levels of exports, with Hungary showing exports of goods and services at 74.7% of GDP against Lithuania's 74.1%, ranking them 44th and 45th respectively. The same is true for imports, with Hungary at 69.1% and Lithuania at 68.9% of GDP, making Hungary's rank 47th and Lithuania's rank 48th. Foreign direct investment (FDI) poses a significant contrast; Hungary faces negative net inflows at -14.7% of GDP, which is alarming, whereas Lithuania enjoys a net inflow of 4.2%, ranking 34th. This implies that Lithuania has a more attractive investment environment currently.

Governance and Institutions

Governance indicators show a clear distinction, with Hungary struggling more on various fronts. The Control of Corruption index ranks Hungary at -0, while Lithuania has a notably better score of 0.8, with rankings of 76th and 35th respectively. Furthermore, Government Effectiveness shows Hungary at 0.4 and Lithuania at 1.1, again showing better governance frameworks in Lithuania (70th vs. 38th ranking). Regulatory Quality and Rule of Law also reflect this disparity, as Hungary holds ranks of 80th and 65th against Lithuania's 29th and 31st. Political Stability shows no difference (both at 0.7), yet overall, Lithuania’s institutions seem more robust than those in Hungary.

Infrastructure and Technology

In terms of infrastructure performance, Hungary scores 3.1 on the Logistics Performance Index while Lithuania rates higher at 3.5, indicating better infrastructure quality in Lithuania. Investment in research and development (R&D) is slightly more favorable in Hungary, which invests 1.4% of GDP compared to Lithuania's 1.1%, showcasing a proactive approach towards fostering innovation, yet Hungary's patent applications also show dominance at 433 against Lithuania's 81 in 2021, ranking them 15th and 22nd respectively, signifying a strong position in technological innovation and intellectual property.

Environment and Sustainability

On environmental indicators, Lithuania excels in renewable energy consumption, utilizing 33.2% of its total final energy consumption compared to Hungary’s 15.3%, showing a stronger commitment to sustainability. Hungary's level of water stress is 8.1% of available resources, much higher than Lithuania’s at 1.8%, indicating a potential risk for water scarcity. In terms of greenhouse gas emissions, Hungary emits 6.4 tons of CO2e per capita, while Lithuania has a slightly higher rate at 7.2 tons, suggesting a critical need for both countries to enhance their environmental policies. Overall, Lithuania demonstrates a greater adherence to sustainable practices relative to Hungary.