The Gross Domestic Product (GDP) in Hungary expanded 0.40 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Hungary GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Hungary was about 223.06 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 199.94 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 94.28 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Full Year GDP Growth in Hungary decreased to -0.90 percent in 2023 from 4.60 percent in 2022. This dataset includes a chart with historical data for Hungary Full Year GDP Growth.

This statistic shows the share of economic sectors in gross domestic product (GDP) in Hungary from 2013 to 2023. In 2023, the share of agriculture in Hungary's gross domestic product was 4.69 percent, industry contributed approximately 24.32 percent and the services sector contributed about 57.56 percent.

The Gross Domestic Product per capita in Hungary was last recorded at 16524.82 US dollars in 2024. The GDP per Capita in Hungary is equivalent to 131 percent of the world's average. This dataset provides the latest reported value for - Hungary GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary (LCEAMN01HUA661N) from 1995 to 2024 about Hungary, compensation, earnings, hours, and manufacturing.

Hungary: Economic growth forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Hungary from 1980 to 2030 is 1.73 percent. The minimum value, -11.89 percent, was reached in 1991 while the maximum of 7.22 percent was recorded in 2021.

The latest data from show economic growth of 0.2 percent, which is an increase from the rate of growth of -0.4 percent in the previous quarter and
a decrease compared to the growth rate of 1.2 percent in the same quarter last year. The economic growth time series for Hungary cover the period...

This analysis has relied on an empirical method to identify and rank cities as centres of the Hungarian economy from 1992 to 2012. After the change in the political and economic system of Hungary, a new economic climate emerged (e.g. Hungary joined the European Union, foreign direct investments appeared in the economy, special taxation regulations were introduced), which ch anged the position of cities. During this two-decade-long transformation, the dominance of the capital, Budapest, and its agglomeration considerably increased; the east-west dichotomy became more pronounced, while the economic role of the traditional industrial centres and that of some large cities weakened. Because of these processes, new types of economic centres emerged, which did not have a significant role in the national economy. Cities that became crucial economic actors because of the offshore operation of foreign multinational corporations are exceptional in this. The ultimate goal of this study is to introduce a straightforward urban hierarchy, establish a classification based on the economic profile of cities, and address the typical anomalies after the change in the political system.

Key information about Hungary Investment: % of GDP

• Hungary Investment accounted for 17.4 % of its Nominal GDP in Mar 2023, compared with a ratio of 36.2 % in the previous quarter.
• Hungary investment share of Nominal GDP data is updated quarterly, available from Mar 1995 to Mar 2023, with an average ratio of 25.5 %.
• The data reached an all-time high of 39.9 % in Sep 2022 and a record low of 13.7 % in Mar 2010.

• In the latest reports, Hungary GDP contracted 1.1 % YoY in Mar 2023.
• Hungary Nominal GDP reached 42.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 13.8 % in Mar 2023.
• Hungary GDP Per Capita reached 18,763.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.5 % in Mar 2023.

In 2022, the number of employees in the Hungarian national economy was expected to increase by *** percent compared to the previous year. However, a decrease in employment was predicted for the year 2023.

Key information about Hungary Nominal GDP

• Hungary Nominal GDP reached 42.7 USD bn in Mar 2023, compared with 47.7 USD bn in the previous quarter.
• Nominal GDP in Hungary is updated quarterly, available from Mar 1995 to Mar 2023, with an average number of 31.2 USD bn.
• The data reached an all-time high of 50.8 USD bn in Dec 2021 and a record low of 11.1 USD bn in Mar 1995.

• In the latest reports, Hungary GDP contracted 1.1 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 13.8 % in Mar 2023.
• Hungary GDP Per Capita reached 18,763.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.5 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 17.4 % in Mar 2023.
• Public Consumption accounted for 22.5 % in Mar 2023.
• Private Consumption accounted for 57.0 % in Mar 2023.

GDP from Agriculture in Hungary increased to 450143 HUF Million in the first quarter of 2025 from 430367 HUF Million in the fourth quarter of 2024. This dataset provides - Hungary Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary (HUNPRCNTO01IXOBM) from Jan 1995 to Mar 2024 about Hungary, construction, and production.

The statistic shows the distribution of employment in Hungary by economic sector from 2013 to 2023. In 2023, 4.43 percent of the employees in Hungary were active in the agricultural sector, 31.15 percent in industry and 64.42 percent in the service sector.

Hungary HU: GDP: Real: per Capita data was reported at 3,253,878.302 HUF in 2017. This records an increase from the previous number of 3,118,580.364 HUF for 2016. Hungary HU: GDP: Real: per Capita data is updated yearly, averaging 2,608,470.419 HUF from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 3,253,878.302 HUF in 2017 and a record low of 1,776,781.631 HUF in 1993. Hungary HU: GDP: Real: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank.WDI: Gross Domestic Product: Real. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Hungary HU: GDP: Growth: GNI per Capita data was reported at 3.064 % in 2015. This records an increase from the previous number of 2.842 % for 2014. Hungary HU: GDP: Growth: GNI per Capita data is updated yearly, averaging 2.993 % from Dec 1994 (Median) to 2015, with 22 observations. The data reached an all-time high of 5.353 % in 2000 and a record low of -4.942 % in 2009. Hungary HU: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Hungary - Direct investment in the reporting economy (flows) was -16.20 % of GDP in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Direct investment in the reporting economy (flows) - last updated from the EUROSTAT on July of 2025. Historically, Hungary - Direct investment in the reporting economy (flows) reached a record high of 108.70 % of GDP in December of 2020 and a record low of -42.40 % of GDP in December of 2018.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in Hungary under Orbán: Can Central Planning Revive Its Economy?, PIIE Policy Brief 15-11. If you use the data, please cite as: Djankov, Simeon. (2015). Hungary under Orbán: Can Central Planning Revive Its Economy?. PIIE Policy Brief 15-11. Peterson Institute for International Economics.

Graph and download economic data for Gross Domestic Product for Hungary (CPMNACSCAB1GQHU) from Q1 1995 to Q1 2025 about Hungary and GDP.