Gross Domestic Product — Value Standard Local Currency in Hungary
Hungary: Gross Domestic Product — Value Standard Local Currency was 80.99 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Hungary, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Hungary recorded 80.99 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 7.9% on the previous year and up 146.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Hungary peaked at 80.99 million million SLC in 2024 and was at its lowest, 383,334 million SLC, in 1970.
Hungary ranks 30th of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Hungary, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 383,334 million SLC | — |
| 1971 | 415,955 million SLC | +8.5% |
| 1972 | 450,667 million SLC | +8.3% |
| 1973 | 494,523 million SLC | +9.7% |
| 1974 | 517,511 million SLC | +4.6% |
| 1975 | 555,008 million SLC | +7.2% |
| 1976 | 608,102 million SLC | +9.6% |
| 1977 | 669,101 million SLC | +10.0% |
| 1978 | 723,992 million SLC | +8.2% |
| 1979 | 784,469 million SLC | +8.4% |
| 1980 | 829,025 million SLC | +5.7% |
| 1981 | 896,725 million SLC | +8.2% |
| 1982 | 974,862 million SLC | +8.7% |
| 1983 | 1.03 million million SLC | +5.7% |
| 1984 | 1.13 million million SLC | +9.2% |
| 1985 | 1.19 million million SLC | +5.6% |
| 1986 | 1.25 million million SLC | +5.3% |
| 1987 | 1.41 million million SLC | +12.6% |
| 1988 | 1.62 million million SLC | +14.9% |
| 1989 | 1.92 million million SLC | +18.8% |
| 1990 | 2.35 million million SLC | +22.1% |
| 1991 | 2.61 million million SLC | +10.8% |
| 1992 | 3.07 million million SLC | +17.8% |
| 1993 | 3.70 million million SLC | +20.6% |
| 1994 | 4.55 million million SLC | +23.0% |
| 1995 | 5.86 million million SLC | +28.6% |
| 1996 | 7.15 million million SLC | +22.1% |
| 1997 | 8.85 million million SLC | +23.8% |
| 1998 | 10.46 million million SLC | +18.1% |
| 1999 | 11.66 million million SLC | +11.5% |
| 2000 | 13.34 million million SLC | +14.4% |
| 2001 | 15.41 million million SLC | +15.5% |
| 2002 | 17.44 million million SLC | +13.2% |
| 2003 | 19.11 million million SLC | +9.6% |
| 2004 | 21.09 million million SLC | +10.4% |
| 2005 | 22.57 million million SLC | +7.0% |
| 2006 | 24.32 million million SLC | +7.8% |
| 2007 | 25.73 million million SLC | +5.8% |
| 2008 | 27.23 million million SLC | +5.8% |
| 2009 | 26.47 million million SLC | -2.8% |
| 2010 | 27.43 million million SLC | +3.6% |
| 2011 | 28.49 million million SLC | +3.9% |
| 2012 | 28.92 million million SLC | +1.5% |
| 2013 | 30.34 million million SLC | +4.9% |
| 2014 | 32.83 million million SLC | +8.2% |
| 2015 | 34.98 million million SLC | +6.6% |
| 2016 | 36.31 million million SLC | +3.8% |
| 2017 | 39.34 million million SLC | +8.3% |
| 2018 | 43.55 million million SLC | +10.7% |
| 2019 | 47.94 million million SLC | +10.1% |
| 2020 | 48.81 million million SLC | +1.8% |
| 2021 | 55.56 million million SLC | +13.8% |
| 2022 | 66.17 million million SLC | +19.1% |
| 2023 | 75.09 million million SLC | +13.5% |
| 2024 | 80.99 million million SLC | +7.9% |
Hungary compared with similar countries
- Hungary's 80.99 million million SLC is above the median for high income countries, which is 257,567 million SLC, 314.5× the median. (72 countries reporting)
- Hungary's 80.99 million million SLC is above the median for Europe & Central Asia, which is 507,692 million SLC, 159.5× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 560,266 million SLC | 383,334 million SLC | 784,469 million SLC | 10 |
| 1980s | 1.23 million million SLC | 829,025 million SLC | 1.92 million million SLC | 10 |
| 1990s | 6.03 million million SLC | 2.35 million million SLC | 11.66 million million SLC | 10 |
| 2000s | 21.27 million million SLC | 13.34 million million SLC | 27.23 million million SLC | 10 |
| 2010s | 35.01 million million SLC | 27.43 million million SLC | 47.94 million million SLC | 10 |
| 2020s | 65.32 million million SLC | 48.81 million million SLC | 80.99 million million SLC | 5 |
Countries ranked near Hungary
- 27 Kazakhstan 136.52 million million SLC compare
- 28 Pakistan 105.77 million million SLC compare
- 29 Angola 81.12 million million SLC compare
- 31 Madagascar 78.84 million million SLC compare
- 32 Mongolia 78.17 million million SLC compare
- 33 Côte d'Ivoire 51.93 million million SLC 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 — value standard local currency in Hungary?
- Gross domestic product — value standard local currency in Hungary was 80.99 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Hungary?
- The highest recorded value was 80.99 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Hungary?
- The lowest recorded value was 383,334 million SLC in 1970.
- How does Hungary rank for gross domestic product — value standard local currency?
- Hungary ranks 30th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Hungary?
- Over the last ten years it is up 146.7%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).