Gross domestic product (GDP), annual growth rate in Hungary
Hungary: Gross domestic product (GDP), annual growth rate was -0.7765 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Hungary, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Hungary stood at -0.7765 % change on previous year.
That represents a change of down 123.4% on the previous year and down 13.2% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Hungary peaked at 12.28 % change on previous year in 1978 and was at its lowest, -9.4 % change on previous year, in 1991.
That places Hungary 149th out of 184 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Hungary, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.85 % change on previous year | — |
| 1972 | 2.58 % change on previous year | -62.4% |
| 1973 | 4.33 % change on previous year | +68.2% |
| 1974 | 5.01 % change on previous year | +15.7% |
| 1975 | 4.4 % change on previous year | -12.2% |
| 1976 | 9.61 % change on previous year | +118.2% |
| 1977 | 12.18 % change on previous year | +26.8% |
| 1978 | 12.28 % change on previous year | +0.8% |
| 1979 | 7.99 % change on previous year | -35.0% |
| 1980 | 8.6 % change on previous year | +7.7% |
| 1981 | 1.57 % change on previous year | -81.8% |
| 1982 | 0.874 % change on previous year | -44.3% |
| 1983 | -1.07 % change on previous year | -222.8% |
| 1984 | 0.7586 % change on previous year | -170.7% |
| 1985 | -0.3138 % change on previous year | -141.4% |
| 1986 | 4.94 % change on previous year | -1674.7% |
| 1987 | 6.65 % change on previous year | +34.5% |
| 1988 | 0.8371 % change on previous year | -87.4% |
| 1989 | 2.85 % change on previous year | +240.3% |
| 1990 | -0.16 % change on previous year | -105.6% |
| 1991 | -9.4 % change on previous year | +5772.2% |
| 1992 | 0.3432 % change on previous year | -103.7% |
| 1993 | 6.41 % change on previous year | +1767.5% |
| 1994 | 4.7 % change on previous year | -26.6% |
| 1995 | 1.43 % change on previous year | -69.5% |
| 1996 | 2.68 % change on previous year | +87.0% |
| 1997 | 0.9916 % change on previous year | -63.0% |
| 1998 | 1.8 % change on previous year | +82.0% |
| 1999 | 3.5 % change on previous year | +94.2% |
| 2000 | 5.64 % change on previous year | +61.0% |
| 2001 | 8.05 % change on previous year | +42.6% |
| 2002 | 5.12 % change on previous year | -36.4% |
| 2003 | 0.5099 % change on previous year | -90.0% |
| 2004 | -0.9782 % change on previous year | -291.8% |
| 2005 | 7.23 % change on previous year | -839.4% |
| 2006 | -0.3377 % change on previous year | -104.7% |
| 2007 | 1.23 % change on previous year | -463.1% |
| 2008 | 6.53 % change on previous year | +432.3% |
| 2009 | -2.45 % change on previous year | -137.5% |
| 2010 | 4.41 % change on previous year | -279.9% |
| 2011 | 2.71 % change on previous year | -38.5% |
| 2012 | -1.07 % change on previous year | -139.7% |
| 2013 | -0.686 % change on previous year | -36.2% |
| 2014 | 2.25 % change on previous year | -428.5% |
| 2015 | 0.9976 % change on previous year | -55.7% |
| 2016 | 0.3829 % change on previous year | -61.6% |
| 2017 | 5.7 % change on previous year | +1388.8% |
| 2018 | 3.23 % change on previous year | -43.4% |
| 2019 | 8.27 % change on previous year | +156.2% |
| 2020 | -4.65 % change on previous year | -156.3% |
| 2021 | 6.54 % change on previous year | -240.6% |
| 2022 | 3.31 % change on previous year | -49.3% |
| 2023 | -0.7765 % change on previous year | -123.4% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Hungary changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -5772.2% | -0.16 % change on previous year | -9.4 % change on previous year |
| 1993 | +1767.5% | 0.3432 % change on previous year | 6.41 % change on previous year |
| 1986 | +1674.7% | -0.3138 % change on previous year | 4.94 % change on previous year |
| 2017 | +1388.8% | 0.3829 % change on previous year | 5.7 % change on previous year |
| 2005 | +839.4% | -0.9782 % change on previous year | 7.23 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.25 % change on previous year | 2.58 % change on previous year | 12.28 % change on previous year | 9 |
| 1980s | 2.57 % change on previous year | -1.07 % change on previous year | 8.6 % change on previous year | 10 |
| 1990s | 1.23 % change on previous year | -9.4 % change on previous year | 6.41 % change on previous year | 10 |
| 2000s | 3.05 % change on previous year | -2.45 % change on previous year | 8.05 % change on previous year | 10 |
| 2010s | 2.62 % change on previous year | -1.07 % change on previous year | 8.27 % change on previous year | 10 |
| 2020s | 1.11 % change on previous year | -4.65 % change on previous year | 6.54 % change on previous year | 4 |
Countries ranked near Hungary
- 146 Jamaica -0.4885 % change on previous year compare
- 147 Poland -0.5289 % change on previous year compare
- 148 Peru -0.6187 % change on previous year compare
- 150 Anguilla -0.8158 % change on previous year compare
- 151 Nigeria -1.03 % change on previous year compare
- 152 Iraq -1.09 % change on previous year 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), annual growth rate in Hungary?
- Gross domestic product (gdp), annual growth rate in Hungary was -0.7765 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Hungary?
- The highest recorded value was 12.28 % change on previous year in 1978.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Hungary?
- The lowest recorded value was -9.4 % change on previous year in 1991.
- How does Hungary rank for gross domestic product (gdp), annual growth rate?
- Hungary ranks 149th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Hungary?
- Over the last ten years it is down 13.2%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.