Subnational government climate finance — Climate significant in Hungary
Hungary: Subnational government climate finance — Climate significant was 0.807 Percentage of GDP in 2023. ▲ Rising
Subnational government climate finance — Climate significant in Hungary, 2001–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for subnational government climate finance — climate significant in Hungary is 0.807 Percentage of GDP, measured in 2023.
Compared with earlier readings it is down 29.8% on the previous year and down 45.0% over ten years.
Over the whole period, subnational government climate finance — climate significant in Hungary peaked at 1.62 Percentage of GDP in 2015 and was at its lowest, 0.406 Percentage of GDP, in 2004.
Hungary ranks 11th of 31 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Subnational government climate finance — Climate significant in Hungary, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 0.863 Percentage of GDP | — |
| 2002 | 0.711 Percentage of GDP | -17.6% |
| 2003 | 0.652 Percentage of GDP | -8.3% |
| 2004 | 0.406 Percentage of GDP | -37.7% |
| 2005 | 0.493 Percentage of GDP | +21.4% |
| 2006 | 0.731 Percentage of GDP | +48.3% |
| 2007 | 0.963 Percentage of GDP | +31.7% |
| 2008 | 0.667 Percentage of GDP | -30.7% |
| 2009 | 0.475 Percentage of GDP | -28.8% |
| 2010 | 0.636 Percentage of GDP | +33.9% |
| 2011 | 0.883 Percentage of GDP | +38.8% |
| 2012 | 1.23 Percentage of GDP | +39.5% |
| 2013 | 1.47 Percentage of GDP | +19.2% |
| 2014 | 1.45 Percentage of GDP | -1.2% |
| 2015 | 1.62 Percentage of GDP | +12.0% |
| 2016 | 0.416 Percentage of GDP | -74.4% |
| 2017 | 0.647 Percentage of GDP | +55.5% |
| 2018 | 0.898 Percentage of GDP | +38.8% |
| 2019 | 1.01 Percentage of GDP | +12.8% |
| 2020 | 0.943 Percentage of GDP | -6.9% |
| 2021 | 0.854 Percentage of GDP | -9.4% |
| 2022 | 1.15 Percentage of GDP | +34.7% |
| 2023 | 0.807 Percentage of GDP | -29.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6623 Percentage of GDP | 0.406 Percentage of GDP | 0.963 Percentage of GDP | 9 |
| 2010s | 1.03 Percentage of GDP | 0.416 Percentage of GDP | 1.62 Percentage of GDP | 10 |
| 2020s | 0.9385 Percentage of GDP | 0.807 Percentage of GDP | 1.15 Percentage of GDP | 4 |
Countries ranked near Hungary
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)
- Final consumption expenditure (constant 2015 US$), per capita 12,653 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 10.59 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 24,746 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 6.8 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 337.31 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 8.74 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 2.38 % change on previous year (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Hungary?
- Subnational government climate finance — climate significant in Hungary was 0.807 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government climate finance — climate significant recorded in Hungary?
- The highest recorded value was 1.62 Percentage of GDP in 2015.
- What is the lowest subnational government climate finance — climate significant recorded in Hungary?
- The lowest recorded value was 0.406 Percentage of GDP in 2004.
- How does Hungary rank for subnational government climate finance — climate significant?
- Hungary ranks 11th out of 31 countries with data for 2023.
- Is subnational government climate finance — climate significant rising or falling in Hungary?
- Over the last ten years it is down 45.0%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government climate finance — Climate significant investment. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure