Gross domestic product (GDP) in Hungary
Hungary: Gross domestic product (GDP) was 339.90 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
339.90 billion international-$ in 2021 prices
Change on year
down 0.8%
World rank
61st
of 184 countries
All-time high
342.56 billion international-$ in 2021 prices
in 2022
All-time low
70.09 billion international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Hungary, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Hungary is 339.90 billion international-$ in 2021 prices, measured in 2023.
That represents a change of down 0.8% on the previous year and up 27.5% over ten years.
Over the whole period, gross domestic product (gdp) in Hungary peaked at 342.56 billion international-$ in 2021 prices in 2022 and was at its lowest, 70.09 billion international-$ in 2021 prices, in 1970.
That places Hungary 61st out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross domestic product (GDP) in Hungary, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 70.09 billion international-$ in 2021 prices | — |
| 1971 | 74.89 billion international-$ in 2021 prices | +6.9% |
| 1972 | 76.82 billion international-$ in 2021 prices | +2.6% |
| 1973 | 80.15 billion international-$ in 2021 prices | +4.3% |
| 1974 | 84.17 billion international-$ in 2021 prices | +5.0% |
| 1975 | 87.87 billion international-$ in 2021 prices | +4.4% |
| 1976 | 96.32 billion international-$ in 2021 prices | +9.6% |
| 1977 | 108.05 billion international-$ in 2021 prices | +12.2% |
| 1978 | 121.32 billion international-$ in 2021 prices | +12.3% |
| 1979 | 131.01 billion international-$ in 2021 prices | +8.0% |
| 1980 | 142.28 billion international-$ in 2021 prices | +8.6% |
| 1981 | 144.52 billion international-$ in 2021 prices | +1.6% |
| 1982 | 145.78 billion international-$ in 2021 prices | +0.9% |
| 1983 | 144.21 billion international-$ in 2021 prices | -1.1% |
| 1984 | 145.31 billion international-$ in 2021 prices | +0.8% |
| 1985 | 144.85 billion international-$ in 2021 prices | -0.3% |
| 1986 | 152.01 billion international-$ in 2021 prices | +4.9% |
| 1987 | 162.12 billion international-$ in 2021 prices | +6.6% |
| 1988 | 163.47 billion international-$ in 2021 prices | +0.8% |
| 1989 | 168.13 billion international-$ in 2021 prices | +2.8% |
| 1990 | 167.86 billion international-$ in 2021 prices | -0.2% |
| 1991 | 152.09 billion international-$ in 2021 prices | -9.4% |
| 1992 | 152.61 billion international-$ in 2021 prices | +0.3% |
| 1993 | 162.39 billion international-$ in 2021 prices | +6.4% |
| 1994 | 170.03 billion international-$ in 2021 prices | +4.7% |
| 1995 | 172.47 billion international-$ in 2021 prices | +1.4% |
| 1996 | 177.09 billion international-$ in 2021 prices | +2.7% |
| 1997 | 178.84 billion international-$ in 2021 prices | +1.0% |
| 1998 | 182.07 billion international-$ in 2021 prices | +1.8% |
| 1999 | 188.45 billion international-$ in 2021 prices | +3.5% |
| 2000 | 199.09 billion international-$ in 2021 prices | +5.6% |
| 2001 | 215.10 billion international-$ in 2021 prices | +8.0% |
| 2002 | 226.11 billion international-$ in 2021 prices | +5.1% |
| 2003 | 227.26 billion international-$ in 2021 prices | +0.5% |
| 2004 | 225.04 billion international-$ in 2021 prices | -1.0% |
| 2005 | 241.31 billion international-$ in 2021 prices | +7.2% |
| 2006 | 240.50 billion international-$ in 2021 prices | -0.3% |
| 2007 | 243.45 billion international-$ in 2021 prices | +1.2% |
| 2008 | 259.34 billion international-$ in 2021 prices | +6.5% |
| 2009 | 252.98 billion international-$ in 2021 prices | -2.5% |
| 2010 | 264.13 billion international-$ in 2021 prices | +4.4% |
| 2011 | 271.29 billion international-$ in 2021 prices | +2.7% |
| 2012 | 268.38 billion international-$ in 2021 prices | -1.1% |
| 2013 | 266.54 billion international-$ in 2021 prices | -0.7% |
| 2014 | 272.54 billion international-$ in 2021 prices | +2.3% |
| 2015 | 275.26 billion international-$ in 2021 prices | +1.0% |
| 2016 | 276.32 billion international-$ in 2021 prices | +0.4% |
| 2017 | 292.07 billion international-$ in 2021 prices | +5.7% |
| 2018 | 301.49 billion international-$ in 2021 prices | +3.2% |
| 2019 | 326.41 billion international-$ in 2021 prices | +8.3% |
| 2020 | 311.23 billion international-$ in 2021 prices | -4.7% |
| 2021 | 331.58 billion international-$ in 2021 prices | +6.5% |
| 2022 | 342.56 billion international-$ in 2021 prices | +3.3% |
| 2023 | 339.90 billion international-$ in 2021 prices | -0.8% |
Hungary compared with similar countries
- Hungary's 339.90 billion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 1.2× the median. (66 countries reporting)
- Hungary's 339.90 billion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 93.07 billion international-$ in 2021 prices | 70.09 billion international-$ in 2021 prices | 131.01 billion international-$ in 2021 prices | 10 |
| 1980s | 151.27 billion international-$ in 2021 prices | 142.28 billion international-$ in 2021 prices | 168.13 billion international-$ in 2021 prices | 10 |
| 1990s | 170.39 billion international-$ in 2021 prices | 152.09 billion international-$ in 2021 prices | 188.45 billion international-$ in 2021 prices | 10 |
| 2000s | 233.02 billion international-$ in 2021 prices | 199.09 billion international-$ in 2021 prices | 259.34 billion international-$ in 2021 prices | 10 |
| 2010s | 281.44 billion international-$ in 2021 prices | 264.13 billion international-$ in 2021 prices | 326.41 billion international-$ in 2021 prices | 10 |
| 2020s | 331.32 billion international-$ in 2021 prices | 311.23 billion international-$ in 2021 prices | 342.56 billion international-$ in 2021 prices | 4 |
Countries ranked near Hungary
- 58 Uzbekistan 349.17 billion international-$ in 2021 prices compare
- 59 Qatar 347.97 billion international-$ in 2021 prices compare
- 60 Morocco 341.82 billion international-$ in 2021 prices compare
- 62 Kenya 315.39 billion international-$ in 2021 prices compare
- 63 Sri Lanka 292.66 billion international-$ in 2021 prices compare
- 64 Finland 289.58 billion international-$ in 2021 prices 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)
- 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$), annual growth rate 27.3 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Hungary?
- Gross domestic product (gdp) in Hungary was 339.90 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Hungary?
- The highest recorded value was 342.56 billion international-$ in 2021 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Hungary?
- The lowest recorded value was 70.09 billion international-$ in 2021 prices in 1970.
- How does Hungary rank for gross domestic product (gdp)?
- Hungary ranks 61st out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Hungary?
- Over the last ten years it is up 27.5%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.