Total factor productivity in Hungary
Hungary: Total factor productivity was 0.9971 in 2023. ▲ Rising
Latest (2023)
0.9971
Change on year
down 1.4%
World rank
52nd
of 120 countries
All-time high
1.01
in 2022
All-time low
0.721
in 1974
Years of data
50
1974–2023
Total factor productivity in Hungary, 1974–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
The most recent figure for total factor productivity in Hungary is 0.9971, measured in 2023.
Compared with earlier readings it is down 1.4% on the previous year and up 7.5% over ten years.
Over the whole period, total factor productivity in Hungary peaked at 1.01 in 2022 and was at its lowest, 0.721, in 1974.
That places Hungary 52nd out of 120 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Total factor productivity in Hungary, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 0.721 | — |
| 1975 | 0.7441 | +3.2% |
| 1976 | 0.746 | +0.3% |
| 1977 | 0.7692 | +3.1% |
| 1978 | 0.7763 | +0.9% |
| 1979 | 0.7664 | -1.3% |
| 1980 | 0.7541 | -1.6% |
| 1981 | 0.7656 | +1.5% |
| 1982 | 0.8001 | +4.5% |
| 1983 | 0.8028 | +0.3% |
| 1984 | 0.8346 | +4.0% |
| 1985 | 0.8338 | -0.1% |
| 1986 | 0.8396 | +0.7% |
| 1987 | 0.8533 | +1.6% |
| 1988 | 0.8422 | -1.3% |
| 1989 | 0.8467 | +0.5% |
| 1990 | 0.8262 | -2.4% |
| 1991 | 0.7566 | -8.4% |
| 1992 | 0.7815 | +3.3% |
| 1993 | 0.8039 | +2.9% |
| 1994 | 0.8001 | -0.5% |
| 1995 | 0.8114 | +1.4% |
| 1996 | 0.8037 | -1.0% |
| 1997 | 0.8085 | +0.6% |
| 1998 | 0.8215 | +1.6% |
| 1999 | 0.8177 | -0.5% |
| 2000 | 0.8385 | +2.5% |
| 2001 | 0.8628 | +2.9% |
| 2002 | 0.8899 | +3.1% |
| 2003 | 0.9045 | +1.6% |
| 2004 | 0.935 | +3.4% |
| 2005 | 0.968 | +3.5% |
| 2006 | 0.9878 | +2.0% |
| 2007 | 0.9826 | -0.5% |
| 2008 | 0.9845 | +0.2% |
| 2009 | 0.9267 | -5.9% |
| 2010 | 0.9292 | +0.3% |
| 2011 | 0.9451 | +1.7% |
| 2012 | 0.9248 | -2.2% |
| 2013 | 0.9277 | +0.3% |
| 2014 | 0.927 | -0.1% |
| 2015 | 0.9356 | +0.9% |
| 2016 | 0.9271 | -0.9% |
| 2017 | 0.9461 | +2.1% |
| 2018 | 0.976 | +3.2% |
| 2019 | 1 | +2.6% |
| 2020 | 0.9693 | -3.2% |
| 2021 | 1 | +3.2% |
| 2022 | 1.01 | +1.2% |
| 2023 | 0.9971 | -1.4% |
Hungary compared with similar countries
- Hungary's 0.9971 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Hungary's 0.9971 is above the median for Europe & Central Asia, which is 0.9969, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7539 | 0.721 | 0.7763 | 6 |
| 1980s | 0.8173 | 0.7541 | 0.8533 | 10 |
| 1990s | 0.8031 | 0.7566 | 0.8262 | 10 |
| 2000s | 0.928 | 0.8385 | 0.9878 | 10 |
| 2010s | 0.944 | 0.9248 | 1 | 10 |
| 2020s | 0.9945 | 0.9693 | 1.01 | 4 |
Countries ranked near Hungary
- 49 United Kingdom 0.9985 compare
- 50 Lesotho 0.9983 compare
- 51 Egypt 0.9975 compare
- 53 Netherlands 0.9967 compare
- 54 Sierra Leone 0.9965 compare
- 55 Angola 0.9965 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 total factor productivity in Hungary?
- Total factor productivity in Hungary was 0.9971 in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Hungary?
- The highest recorded value was 1.01 in 2022.
- What is the lowest total factor productivity recorded in Hungary?
- The lowest recorded value was 0.721 in 1974.
- How does Hungary rank for total factor productivity?
- Hungary ranks 52nd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Hungary?
- Over the last ten years it is up 7.5%. 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 Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.