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 Hungary stagnated 0 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Hungary amounted to about 0.51 percent in 2024. From 1980 to 2024, the growth rose by approximately 0.29 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 2.49 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the 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.

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.

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 for 2018 was $310.07, a 1.52% increase from 2018.

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

<li>Hungary economic growth for 2018 was <strong>$305.43</strong>, a <strong>1.79% increase</strong> from 2018.</li>
<li>Hungary economic growth for 2018 was <strong>$300.05</strong>, a <strong>1.77% increase</strong> from 2018.</li>
<li>Hungary economic growth for 2018 was <strong>$294.82</strong>, a <strong>1.76% increase</strong> from 2017.</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.

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 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.

Key information about Hungary Real GDP Growth

• The Gross Domestic Product (GDP) in Hungary expanded 0.8 % YoY in Dec 2022, following a growth of 3.7 % in the previous quarter.
• Real GDP Growth YoY data in Hungary is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 3.7 %.
• The data reached an all-time high of 17.5 % in Jun 2021 and a record low of -13.2 % in Jun 2020.

• In the latest reports, Nominal GDP of Hungary reached 46.3 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 17.6 % in Dec 2022.
• GDP Per Capita in Hungary reached 18,719.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 28.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 34.2 % in Dec 2022.
• Public Consumption accounted for 20.8 % in Dec 2022.
• Private Consumption accounted for 50.3 % in Dec 2022.

The Gross Domestic Product (GDP) in Hungary was worth 222.90 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Hungary represents 0.21 percent of the world economy. This dataset provides the latest reported value for - Hungary GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to the forecast published by the OECD Economic Outlook, Hungary's GDP was expected to increase by *** percen in 2021, following the drop caused by the coronavirus (COVID-19) in 2020.

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;

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 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;

Hungary - Real GDP growth rate was 0.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Real GDP growth rate - last updated from the EUROSTAT on July of 2025. Historically, Hungary - Real GDP growth rate reached a record high of 7.20% in December of 2021 and a record low of -4.30% in December of 2020.

Under the double-hit scenario, considering that there would be a second COVID-19 outbreak at the end of 2020, Hungary's GDP was forecast to fall by 10 percent year-on-year. In this case, the country's GDP growth for 2021 was estimated to reach 1.5 percent.

Graph and download economic data for Real Gross Domestic Product for Hungary (CLVMNACSCAB1GQHU) from Q1 1995 to Q1 2025 about Hungary, real, and GDP.

More than half of Hungarians were of the opinion that the country's GDP would not increase with more than two percent in 2021. However, 29 percent of respondents expected a GDP growth of four to six percent.

Hungary HU: GDP: Growth: Adjusted Net National Income per Capita data was reported at 4.366 % in 2016. This records an increase from the previous number of 3.478 % for 2015. Hungary HU: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 3.219 % from Dec 1994 (Median) to 2016, with 23 observations. The data reached an all-time high of 7.650 % in 2002 and a record low of -5.681 % in 2009. Hungary HU: GDP: Growth: Adjusted Net National Income 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: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;