Hungary Hungary vs Netherlands Netherlands development indicators, 2024

Indicator
Hungary
Hungary, Value
Netherlands
Netherlands, Value
Hungary
Hungary, Rank
Netherlands
Netherlands, Rank
Hungary Hungary as % of
Netherlands Netherlands
Current account balance (% of GDP) 2.28 9.92 37 10 22.9 %
Exports of goods and services (% of GDP) 74.7 84.1 17 11 88.7 %
Foreign direct investment, net inflows (% of GDP) -14.7 -1.1 107 101 1,337 %
GDP per capita (current US$) 23,311 68,219 54 12 34.2 %
GDP per capita, PPP (current international US$) 47,636 84,218 47 11 56.6 %
Imports of goods and services (% of GDP) 69.1 72 23 20 95.9 %
Inflation, consumer prices (annual %) 3.7 3.35 58 65 111 %
Net migration 16,223 121,628 41 17 13.3 %
Population, total 9,562,314 17,994,237 96 71 53.1 %

Demography and Health

Hungary has a birth rate of 9.1 per 1,000 people, slightly below the Netherlands at 9.2. However, Hungary's death rate stands at 13.4 per 1,000, which is significantly higher than the Netherlands' 9.5, indicating challenges in health outcomes. Life expectancy in Hungary is 76.8 years, notably lower than the Netherlands' 81.9 years. Although Hungary's under-5 mortality rate is at 3.8 per 1,000 live births, it is better than the Netherlands' 4, showcasing a relatively strong health system for children compared to the overall mortality rates. In terms of physician availability, Hungary has 3.3 physicians per 1,000 people, which is somewhat lower than the Netherlands' 3.9. Furthermore, suicide mortality rates are higher in Hungary at 16.4 per 100,000 population compared to 11.5 in the Netherlands, suggesting a disparity in mental health issues.

Economy

In terms of economic strength, Hungary's GDP per capita is approximately $23,311, starkly lower than the Netherlands, which has a GDP per capita of $68,219. This discrepancy is also reflected in purchasing power parity (PPP), with Hungary's GDP per capita at PPP being $47,636 against the Netherlands' $84,218. While Hungary's high-technology exports stand at $24.4 billion, they are substantially overshadowed by the Netherlands' $111 billion. Inflation rates in both countries are relatively close, with Hungary at 3.7% and the Netherlands at 3.3%. Hungary has a higher unemployment rate of 4.1% compared to the Netherlands' 3.5%, indicating a marginally weaker labor market.

Trade and Investment

When examining trade, Hungary's exports of goods and services account for 74.7% of its GDP, while the Netherlands has a higher proportion at 84.1%. This suggests that the Netherlands is more integrated into global trade networks. In terms of net foreign direct investment inflows, Hungary shows a negative figure of -14.7% of GDP, reflecting potential challenges in attracting foreign investment, while the Netherlands has a relatively modest -1.1%. Both countries have significant import levels, with Hungary at 69.1% of GDP and the Netherlands at 72%.

Governance and Institutions

In the realm of governance, Hungary struggles with several indicators. The Control of Corruption index shows that Hungary has a score of -0, in contrast to the Netherlands' 1.9, indicating a significant difference in perceived corruption levels. Government Effectiveness is also lower in Hungary at 0.4 compared to 1.6 in the Netherlands. The Rule of Law and Regulatory Quality indicators reflect similar trends, with Hungary scoring 0.4 and 0.3, respectively, compared to the Netherlands' 1.6 and 1.8. Political stability is equal at 0.7 for both countries, showing relative stability but differing in overall governance quality.

Infrastructure and Technology

Hungary's logistics performance index stands at 3.1, which highlights strengths and weaknesses in trade and transport-related infrastructure, particularly in comparison to the Netherlands' score of 4.2, indicating superior infrastructure development. Hungary has also applied for 433 patents (residents), a measure of innovation, while the Netherlands far exceeds this with 2,080 patent applications, leading in technological advancements.

Environment and Sustainability

Regarding environmental sustainability, both countries show a prevalence of undernourishment at 2.5% of the population. However, the Netherlands has a higher renewable energy consumption of 12.2% compared to Hungary's 15.3%. Water stress levels are a concern, with Hungary withdrawing 8.1% of its available freshwater resources versus the Netherlands’ 16.1%, indicating more intense pressure on water resources in the Netherlands. Finally, Hungary's total greenhouse gas emissions per capita amount to 6.4 tons, which is still lower than the Netherlands' 8.4 tons, suggesting that Hungary has a marginally cleaner output per individual despite overall emissions concerns.