Social security contributions and payroll taxes paid by government in in Hungary
Hungary: Social security contributions and payroll taxes paid by government in was 0.9164 Percentage of GDP in 2024. ▼ Falling
Latest (2024)
0.9164 Percentage of GDP
Change on year
up 8.0%
World rank
16th
of 34 countries
All-time high
3.76 Percentage of GDP
in 1994
All-time low
0.8488 Percentage of GDP
in 2023
Years of data
34
1991–2024
Social security contributions and payroll taxes paid by government in in Hungary, 1991–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for social security contributions and payroll taxes paid by government in in Hungary is 0.9164 Percentage of GDP, measured in 2024.
The figure is up 8.0% on the previous year and down 53.4% over ten years.
Over the whole period, social security contributions and payroll taxes paid by government in in Hungary peaked at 3.76 Percentage of GDP in 1994 and was at its lowest, 0.8488 Percentage of GDP, in 2023.
Hungary ranks 16th of 34 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.
Social security contributions and payroll taxes paid by government in in Hungary, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1991 | 3.31 Percentage of GDP | — |
| 1992 | 3.53 Percentage of GDP | +6.4% |
| 1993 | 3.68 Percentage of GDP | +4.3% |
| 1994 | 3.76 Percentage of GDP | +2.2% |
| 1995 | 3.27 Percentage of GDP | -13.0% |
| 1996 | 3.04 Percentage of GDP | -7.0% |
| 1997 | 2.81 Percentage of GDP | -7.4% |
| 1998 | 2.89 Percentage of GDP | +2.6% |
| 1999 | 2.52 Percentage of GDP | -12.7% |
| 2000 | 2.45 Percentage of GDP | -2.8% |
| 2001 | 2.41 Percentage of GDP | -1.4% |
| 2002 | 2.55 Percentage of GDP | +5.8% |
| 2003 | 2.84 Percentage of GDP | +11.1% |
| 2004 | 2.65 Percentage of GDP | -6.6% |
| 2005 | 2.67 Percentage of GDP | +0.8% |
| 2006 | 2.6 Percentage of GDP | -2.6% |
| 2007 | 2.51 Percentage of GDP | -3.7% |
| 2008 | 2.39 Percentage of GDP | -4.6% |
| 2009 | 2.2 Percentage of GDP | -8.2% |
| 2010 | 2.37 Percentage of GDP | +7.9% |
| 2011 | 1.9 Percentage of GDP | -19.9% |
| 2012 | 1.92 Percentage of GDP | +1.3% |
| 2013 | 1.9 Percentage of GDP | -1.3% |
| 2014 | 1.96 Percentage of GDP | +3.4% |
| 2015 | 1.98 Percentage of GDP | +1.0% |
| 2016 | 2.02 Percentage of GDP | +1.9% |
| 2017 | 1.75 Percentage of GDP | -13.5% |
| 2018 | 1.53 Percentage of GDP | -12.7% |
| 2019 | 1.42 Percentage of GDP | -7.2% |
| 2020 | 1.33 Percentage of GDP | -6.1% |
| 2021 | 1.12 Percentage of GDP | -15.8% |
| 2022 | 0.9251 Percentage of GDP | -17.3% |
| 2023 | 0.8488 Percentage of GDP | -8.3% |
| 2024 | 0.9164 Percentage of GDP | +8.0% |
Hungary compared with similar countries
- Hungary's 0.9164 Percentage of GDP is below the median for Europe & Central Asia, which is 1.44 Percentage of GDP, 64% of the median. (24 countries reporting)
- Hungary's 0.9164 Percentage of GDP is above the median for high income countries, which is 0.8832 Percentage of GDP, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.2 Percentage of GDP | 2.52 Percentage of GDP | 3.76 Percentage of GDP | 9 |
| 2000s | 2.53 Percentage of GDP | 2.2 Percentage of GDP | 2.84 Percentage of GDP | 10 |
| 2010s | 1.88 Percentage of GDP | 1.42 Percentage of GDP | 2.37 Percentage of GDP | 10 |
| 2020s | 1.03 Percentage of GDP | 0.8488 Percentage of GDP | 1.33 Percentage of GDP | 5 |
Countries ranked near Hungary
- 13 Latvia 1.42 Percentage of GDP compare
- 14 Greece 1.3 Percentage of GDP compare
- 15 Luxembourg 1.27 Percentage of GDP compare
- 17 Germany 0.85 Percentage of GDP compare
- 18 Costa Rica 0.8451 Percentage of GDP compare
- 19 United Kingdom of Great Britain and Northern Ireland 0.8312 Percentage of GDP 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 social security contributions and payroll taxes paid by government in in Hungary?
- Social security contributions and payroll taxes paid by government in in Hungary was 0.9164 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest social security contributions and payroll taxes paid by government in recorded in Hungary?
- The highest recorded value was 3.76 Percentage of GDP in 1994.
- What is the lowest social security contributions and payroll taxes paid by government in recorded in Hungary?
- The lowest recorded value was 0.8488 Percentage of GDP in 2023.
- How does Hungary rank for social security contributions and payroll taxes paid by government in?
- Hungary ranks 16th out of 34 countries with data for 2024.
- Is social security contributions and payroll taxes paid by government in rising or falling in Hungary?
- Over the last ten years it is down 53.4%. 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 Social security contributions and payroll taxes paid by government in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
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About this data
Compulsory payments made by general government in respect of their employees. These are levied on both employees and employers and include contributions for unemployment insurance, sickness benefits, pensions, family allowances, and medical services.