Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary
Hungary: Value Added (Total Manufacturing) — Value Standard Local Currency was 7.63 million million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Hungary stood at 7.63 million million SLC.
The figure is down 3.7% on the previous year and up 25.8% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Hungary peaked at 7.93 million million SLC in 2022 and was at its lowest, 1.70 million million SLC, in 1970.
That places Hungary 17th out of 194 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1.70 million million SLC | — |
| 1971 | 1.81 million million SLC | +7.0% |
| 1972 | 1.93 million million SLC | +6.3% |
| 1973 | 2.08 million million SLC | +7.7% |
| 1974 | 2.25 million million SLC | +8.2% |
| 1975 | 2.41 million million SLC | +7.2% |
| 1976 | 2.56 million million SLC | +6.0% |
| 1977 | 2.72 million million SLC | +6.3% |
| 1978 | 2.87 million million SLC | +5.6% |
| 1979 | 3.02 million million SLC | +5.5% |
| 1980 | 2.87 million million SLC | -5.0% |
| 1981 | 3.10 million million SLC | +8.0% |
| 1982 | 3.28 million million SLC | +5.9% |
| 1983 | 3.37 million million SLC | +2.5% |
| 1984 | 3.51 million million SLC | +4.2% |
| 1985 | 3.48 million million SLC | -0.7% |
| 1986 | 3.45 million million SLC | -0.9% |
| 1987 | 3.59 million million SLC | +3.8% |
| 1988 | 3.53 million million SLC | -1.6% |
| 1989 | 3.49 million million SLC | -1.1% |
| 1990 | 3.18 million million SLC | -8.8% |
| 1991 | 2.59 million million SLC | -18.5% |
| 1992 | 2.64 million million SLC | +1.6% |
| 1993 | 2.79 million million SLC | +5.9% |
| 1994 | 2.98 million million SLC | +6.7% |
| 1995 | 3.22 million million SLC | +8.2% |
| 1996 | 3.37 million million SLC | +4.6% |
| 1997 | 3.84 million million SLC | +14.0% |
| 1998 | 4.22 million million SLC | +9.7% |
| 1999 | 4.47 million million SLC | +6.1% |
| 2000 | 4.68 million million SLC | +4.6% |
| 2001 | 4.89 million million SLC | +4.6% |
| 2002 | 5.25 million million SLC | +7.2% |
| 2003 | 5.69 million million SLC | +8.4% |
| 2004 | 6.03 million million SLC | +6.1% |
| 2005 | 6.35 million million SLC | +5.3% |
| 2006 | 6.78 million million SLC | +6.7% |
| 2007 | 7.20 million million SLC | +6.2% |
| 2008 | 6.95 million million SLC | -3.4% |
| 2009 | 5.72 million million SLC | -17.7% |
| 2010 | 6.25 million million SLC | +9.3% |
| 2011 | 6.28 million million SLC | +0.5% |
| 2012 | 6.20 million million SLC | -1.4% |
| 2013 | 6.07 million million SLC | -2.1% |
| 2014 | 6.50 million million SLC | +7.2% |
| 2015 | 7.07 million million SLC | +8.7% |
| 2016 | 7.09 million million SLC | +0.3% |
| 2017 | 7.32 million million SLC | +3.2% |
| 2018 | 7.51 million million SLC | +2.6% |
| 2019 | 7.65 million million SLC | +1.9% |
| 2020 | 7.09 million million SLC | -7.4% |
| 2021 | 7.58 million million SLC | +7.0% |
| 2022 | 7.93 million million SLC | +4.5% |
| 2023 | 7.63 million million SLC | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.33 million million SLC | 1.70 million million SLC | 3.02 million million SLC | 10 |
| 1980s | 3.37 million million SLC | 2.87 million million SLC | 3.59 million million SLC | 10 |
| 1990s | 3.33 million million SLC | 2.59 million million SLC | 4.47 million million SLC | 10 |
| 2000s | 5.95 million million SLC | 4.68 million million SLC | 7.20 million million SLC | 10 |
| 2010s | 6.80 million million SLC | 6.07 million million SLC | 7.65 million million SLC | 10 |
| 2020s | 7.56 million million SLC | 7.09 million million SLC | 7.93 million million SLC | 4 |
Countries ranked near Hungary
- 14 Guinea 12.21 million million SLC compare
- 15 Iraq 10.67 million million SLC compare
- 16 Nigeria 9.20 million million SLC compare
- 18 Bangladesh 7.44 million million SLC compare
- 19 Kazakhstan 5.91 million million SLC compare
- 20 Costa Rica 5.51 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)
- Net primary income (Net income from abroad) (current LCU), annual 30.14 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.56 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1431 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,708 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 8.7 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 50.54 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.31 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0022 (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Hungary?
- Value added (total manufacturing) — value standard local currency in Hungary was 7.63 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Hungary?
- The highest recorded value was 7.93 million million SLC in 2022.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Hungary?
- The lowest recorded value was 1.70 million million SLC in 1970.
- How does Hungary rank for value added (total manufacturing) — value standard local currency?
- Hungary ranks 17th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Hungary?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is rising.
- Where does this Hungary data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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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).