The Gross Domestic Product (GDP) in Hungary contracted 0.20 percent in the first 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.

Hungary GDP for 2023 was 212.39 billion US dollars, a 19.99% increase from 2022.

<ul style='margin-top:20px;'>

<li>Hungary GDP for 2022 was <strong>177.01 billion US dollars</strong>, a <strong>2.8% decline</strong> from 2021.</li>
<li>Hungary GDP for 2021 was <strong>182.11 billion US dollars</strong>, a <strong>15.78% increase</strong> from 2020.</li>
<li>Hungary GDP for 2020 was <strong>157.29 billion US dollars</strong>, a <strong>4.1% decline</strong> from 2019.</li>
</ul>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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

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;

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.

Key information about Hungary Nominal GDP Growth

• Hungary Nominal GDP Growth was reported at 6.537 % in Dec 2024.
• This records an increase from the previous number of 6.308 % for Sep 2024.
• Hungary Nominal GDP Growth data is updated quarterly, averaging 9.057 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 27.876 % in Mar 1996 and a record low of -6.615 % in Jun 2020.
• Hungary Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

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.

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 data was reported at 3.989 % in 2017. This records an increase from the previous number of 2.213 % for 2016. Hungary HU: GDP: Growth data is updated yearly, averaging 3.067 % from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 5.005 % in 2004 and a record low of -6.600 % in 2009. Hungary HU: GDP: Growth 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: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The latest data from show economic growth of -0.4 percent, which is a decrease from the rate of growth of 0.1 percent in the previous quarter and
a decrease compared to the growth rate of 1.6 percent in the same quarter last year. The economic growth time series for Hungary cover the period from...

Hungary - Economic sentiment indicator was 93.10% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Economic sentiment indicator - last updated from the EUROSTAT on July of 2025. Historically, Hungary - Economic sentiment indicator reached a record high of 112.40% in November of 2021 and a record low of 86.10% in November of 2022.

The value of investments in the national economy increased overall in Hungary during the observed years. In 2023, the figure peaked at over 16 trillion forints while the lowest investment value was recorded in 2010 at 4.5 trillion forints.

In 2022, the number of employees in the Hungarian national economy was expected to increase by 1.1 percent compared to the previous year. However, a decrease in employment was predicted for the year 2023.

Hungary HU: Claims on Other Sectors of The Domestic Economy: Annual Growth as % of Broad Money data was reported at 1.715 % in 2017. This records an increase from the previous number of 0.731 % for 2016. Hungary HU: Claims on Other Sectors of The Domestic Economy: Annual Growth as % of Broad Money data is updated yearly, averaging 1.223 % from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 23.999 % in 2008 and a record low of -14.380 % in 2012. Hungary HU: Claims on Other Sectors of The Domestic Economy: Annual Growth as % of Broad Money 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: Bank Loans. Claims on other sectors of the domestic economy (IFS line 32S..ZK) include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds.; ; International Monetary Fund, International Financial Statistics and data files.; ;

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.

Key information about Hungary Household Income per Capita

• Hungary Annual Household Income per Capita reached 10,266.736 USD in Dec 2023, compared with the previous value of 8,277.037 USD in Dec 2022.
• Hungary Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2023, with an averaged value of 5,733.197 USD.
• The data reached an all-time high of 10,266.736 USD in Dec 2023 and a record low of 1,832.809 USD in Dec 2000.
• In the latest reports, Retail Sales of Hungary grew 4.262 % YoY in Aug 2024.

Inflation Rate in Hungary increased to 4.40 percent in May from 4.20 percent in April of 2025. This dataset provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.