Financing of social security benefits in OECD member countries — Tax in Hungary
Hungary: Financing of social security benefits in OECD member countries — Tax was 10.05 Percentage of GDP in 2024. ▼ Falling
Latest (2024)
10.05 Percentage of GDP
Change on year
up 1.4%
World rank
19th
of 33 countries
All-time high
17.63 Percentage of GDP
in 1993
All-time low
9.83 Percentage of GDP
in 2022
Years of data
34
1991–2024
Financing of social security benefits in OECD member countries — Tax in Hungary, 1991–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Hungary recorded 10.05 Percentage of GDP for financing of social security benefits in oecd member countries — tax in 2024.
That represents a change of up 1.4% on the previous year and down 20.7% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Hungary peaked at 17.63 Percentage of GDP in 1993 and was at its lowest, 9.83 Percentage of GDP, in 2022.
Hungary ranks 19th of 33 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Financing of social security benefits in OECD member countries — Tax in Hungary, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1991 | 15.96 Percentage of GDP | — |
| 1992 | 17.25 Percentage of GDP | +8.1% |
| 1993 | 17.63 Percentage of GDP | +2.2% |
| 1994 | 16.48 Percentage of GDP | -6.5% |
| 1995 | 14.48 Percentage of GDP | -12.1% |
| 1996 | 13.47 Percentage of GDP | -7.0% |
| 1997 | 12.74 Percentage of GDP | -5.4% |
| 1998 | 12.54 Percentage of GDP | -1.6% |
| 1999 | 11.54 Percentage of GDP | -7.9% |
| 2000 | 11.29 Percentage of GDP | -2.1% |
| 2001 | 11.16 Percentage of GDP | -1.2% |
| 2002 | 12.2 Percentage of GDP | +9.3% |
| 2003 | 12.09 Percentage of GDP | -0.9% |
| 2004 | 11.75 Percentage of GDP | -2.8% |
| 2005 | 11.91 Percentage of GDP | +1.3% |
| 2006 | 12.08 Percentage of GDP | +1.5% |
| 2007 | 13.22 Percentage of GDP | +9.4% |
| 2008 | 13.18 Percentage of GDP | -0.4% |
| 2009 | 12.6 Percentage of GDP | -4.4% |
| 2010 | 11.59 Percentage of GDP | -8.0% |
| 2011 | 12.66 Percentage of GDP | +9.2% |
| 2012 | 13.24 Percentage of GDP | +4.6% |
| 2013 | 12.85 Percentage of GDP | -3.0% |
| 2014 | 12.68 Percentage of GDP | -1.4% |
| 2015 | 12.67 Percentage of GDP | -0.0% |
| 2016 | 13.13 Percentage of GDP | +3.6% |
| 2017 | 12.26 Percentage of GDP | -6.6% |
| 2018 | 11.59 Percentage of GDP | -5.4% |
| 2019 | 11.57 Percentage of GDP | -0.2% |
| 2020 | 10.99 Percentage of GDP | -5.0% |
| 2021 | 10.41 Percentage of GDP | -5.3% |
| 2022 | 9.83 Percentage of GDP | -5.6% |
| 2023 | 9.92 Percentage of GDP | +0.9% |
| 2024 | 10.05 Percentage of GDP | +1.4% |
Hungary compared with similar countries
- Hungary's 10.05 Percentage of GDP is below the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 87% of the median. (25 countries reporting)
- Hungary's 10.05 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 94% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.68 Percentage of GDP | 11.54 Percentage of GDP | 17.63 Percentage of GDP | 9 |
| 2000s | 12.15 Percentage of GDP | 11.16 Percentage of GDP | 13.22 Percentage of GDP | 10 |
| 2010s | 12.42 Percentage of GDP | 11.57 Percentage of GDP | 13.24 Percentage of GDP | 10 |
| 2020s | 10.24 Percentage of GDP | 9.83 Percentage of GDP | 10.99 Percentage of GDP | 5 |
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 financing of social security benefits in oecd member countries — tax in Hungary?
- Financing of social security benefits in oecd member countries — tax in Hungary was 10.05 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest financing of social security benefits in oecd member countries — tax recorded in Hungary?
- The highest recorded value was 17.63 Percentage of GDP in 1993.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Hungary?
- The lowest recorded value was 9.83 Percentage of GDP in 2022.
- How does Hungary rank for financing of social security benefits in oecd member countries — tax?
- Hungary ranks 19th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Hungary?
- Over the last ten years it is down 20.7%. The long-run trend across the full record is falling.
- Where does this Hungary data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Financing of social security benefits in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
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About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.