GDP growth in Hungary
Hungary: GDP growth was 0.5601 in 2024. ◆ Volatile
Latest (2024)
0.5601
Change on year
up 168.5%
World rank
59th
of 74 countries
All-time high
42.41
in 1965
All-time low
-11.89
in 1991
Years of data
64
1961–2024
GDP growth in Hungary, 1961–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Hungary stood at 0.5601.
That represents a change of up 168.5% on the previous year and down 87.1% over ten years.
Over the whole period, gdp growth in Hungary peaked at 42.41 in 1965 and was at its lowest, -11.89, in 1991.
Hungary ranks 59th of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Hungary, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 4.7 | — |
| 1962 | 6.1 | +29.8% |
| 1963 | 5.7 | -6.6% |
| 1964 | 4.7 | -17.5% |
| 1965 | 42.41 | +802.3% |
| 1966 | 7.4 | -82.6% |
| 1967 | 7.5 | +1.4% |
| 1968 | 4.9 | -34.7% |
| 1969 | 6.9 | +40.8% |
| 1970 | 4.7 | -31.9% |
| 1971 | 6.2 | +31.9% |
| 1972 | 6.1 | -1.6% |
| 1973 | 6.9 | +13.1% |
| 1974 | 5.9 | -14.5% |
| 1975 | 6.2 | +5.1% |
| 1976 | 3.6 | -41.9% |
| 1977 | 7.6 | +111.1% |
| 1978 | 4.4 | -42.1% |
| 1979 | 2.7 | -38.6% |
| 1980 | 0.2 | -92.6% |
| 1981 | 2.87 | +1333.4% |
| 1982 | 2.84 | -0.9% |
| 1983 | 0.723 | -74.6% |
| 1984 | 2.66 | +267.7% |
| 1985 | -0.2531 | -109.5% |
| 1986 | 1.53 | -706.5% |
| 1987 | 4.05 | +163.9% |
| 1988 | -0.0653 | -101.6% |
| 1989 | 0.7364 | -1228.4% |
| 1990 | -3.5 | -574.8% |
| 1991 | -11.89 | +240.1% |
| 1992 | -3.06 | -74.2% |
| 1993 | -0.5761 | -81.2% |
| 1994 | 2.95 | -611.6% |
| 1995 | 1.49 | -49.5% |
| 1996 | 0.1012 | -93.2% |
| 1997 | 2.98 | +2841.6% |
| 1998 | 3.85 | +29.2% |
| 1999 | 3.09 | -19.8% |
| 2000 | 4.41 | +42.9% |
| 2001 | 4.06 | -7.9% |
| 2002 | 4.73 | +16.4% |
| 2003 | 3.94 | -16.7% |
| 2004 | 4.96 | +26.0% |
| 2005 | 4.3 | -13.4% |
| 2006 | 3.93 | -8.5% |
| 2007 | 0.3324 | -91.6% |
| 2008 | 0.9934 | +198.9% |
| 2009 | -6.74 | -778.5% |
| 2010 | 1.07 | -115.8% |
| 2011 | 1.92 | +79.5% |
| 2012 | -1.34 | -169.9% |
| 2013 | 2.03 | -251.7% |
| 2014 | 4.33 | +113.3% |
| 2015 | 3.66 | -15.6% |
| 2016 | 2.44 | -33.4% |
| 2017 | 4.12 | +69.1% |
| 2018 | 5.61 | +35.9% |
| 2019 | 5.08 | -9.4% |
| 2020 | -4.34 | -185.5% |
| 2021 | 7.22 | -266.5% |
| 2022 | 4.15 | -42.5% |
| 2023 | -0.8171 | -119.7% |
| 2024 | 0.5601 | -168.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.03 | 4.7 | 42.41 | 9 |
| 1970s | 5.43 | 2.7 | 7.6 | 10 |
| 1980s | 1.53 | -0.2531 | 4.05 | 10 |
| 1990s | -0.4579 | -11.89 | 3.85 | 10 |
| 2000s | 2.49 | -6.74 | 4.96 | 10 |
| 2010s | 2.89 | -1.34 | 5.61 | 10 |
| 2020s | 1.36 | -4.34 | 7.22 | 5 |
Countries ranked near Hungary
- 56 Yemen 0.7524 compare
- 57 Syrian Arab Republic 0.7328 compare
- 58 Italy 0.6927 compare
- 60 Finland 0.4162 compare
- 61 San Marino 0.4019 compare
- 62 Luxembourg 0.3586 compare
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)
- GNI (current LCU), annual growth rate 6.3 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 344.62 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 8.93 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 32.55 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 30.14 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.56 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1431 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,708 current US$ per person (2025)
Frequently asked questions
- What is gdp growth in Hungary?
- Gdp growth in Hungary was 0.5601 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Hungary?
- The highest recorded value was 42.41 in 1965.
- What is the lowest gdp growth recorded in Hungary?
- The lowest recorded value was -11.89 in 1991.
- How does Hungary rank for gdp growth?
- Hungary ranks 59th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Hungary?
- Over the last ten years it is down 87.1%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
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