Average economic size of farms by standard output, farm type and age in Hungary
Hungary: Average economic size of farms by standard output, farm type and age was 7.96 billion Euro in 2023. ▲ Rising
Latest (2023)
7.96 billion Euro
Change on year
up 12.6%
World rank
19th
of 40 countries
All-time high
7.96 billion Euro
in 2023
All-time low
4.66 billion Euro
in 2007
Years of data
7
2005–2023
Average economic size of farms by standard output, farm type and age in Hungary, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
The most recent figure for average economic size of farms by standard output, farm type and age in Hungary is 7.96 billion Euro, measured in 2023. That is the highest value across all 7 years on record.
That represents a change of up 12.6% on the previous year and up 42.7% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Hungary peaked at 7.96 billion Euro in 2023 and was at its lowest, 4.66 billion Euro, in 2007.
That places Hungary 19th out of 40 countries with data for 2023, putting it in the middle of the range.
Average economic size of farms by standard output, farm type and age in Hungary, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 4.92 billion Euro | — |
| 2007 | 4.66 billion Euro | -5.4% |
| 2010 | 5.24 billion Euro | +12.6% |
| 2013 | 5.58 billion Euro | +6.4% |
| 2016 | 6.53 billion Euro | +17.1% |
| 2020 | 7.07 billion Euro | +8.2% |
| 2023 | 7.96 billion Euro | +12.6% |
Hungary compared with similar countries
- Hungary's 7.96 billion Euro is above the median for Europe & Central Asia, which is 7.96 billion Euro, 1.0× the median. (29 countries reporting)
- Hungary's 7.96 billion Euro is above the median for high income countries, which is 7.66 billion Euro, 1.0× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.79 billion Euro | 4.66 billion Euro | 4.92 billion Euro | 2 |
| 2010s | 5.78 billion Euro | 5.24 billion Euro | 6.53 billion Euro | 3 |
| 2020s | 7.51 billion Euro | 7.07 billion Euro | 7.96 billion Euro | 2 |
Countries ranked near Hungary
More economy & growth data for Hungary
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -60.84 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2468 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -6,395 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -69.94 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.09 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.2837 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7,351 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.3 % change on previous year (2025)
Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in Hungary?
- Average economic size of farms by standard output, farm type and age in Hungary was 7.96 billion Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Hungary?
- The highest recorded value was 7.96 billion Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Hungary?
- The lowest recorded value was 4.66 billion Euro in 2007.
- How does Hungary rank for average economic size of farms by standard output, farm type and age?
- Hungary ranks 19th out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Hungary?
- Over the last ten years it is up 42.7%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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