Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary
Hungary: Value Added (Total Manufacturing) — Value Standard Local Currency was 16.11 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Hungary recorded 16.11 % change on previous year for value added (total manufacturing) — value standard local currency in 2023.
Compared with earlier readings it is down 24.5% on the previous year and up 162.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Hungary peaked at 35.48 % change on previous year in 1997 and was at its lowest, -9.38 % change on previous year, in 1980.
Hungary ranks 44th of 231 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.86 % change on previous year | — |
| 1972 | 9 % change on previous year | +1.7% |
| 1973 | 12.22 % change on previous year | +35.7% |
| 1974 | 12.04 % change on previous year | -1.4% |
| 1975 | 9.58 % change on previous year | -20.4% |
| 1976 | 4.73 % change on previous year | -50.6% |
| 1977 | 10.47 % change on previous year | +121.2% |
| 1978 | 8.16 % change on previous year | -22.1% |
| 1979 | 7.13 % change on previous year | -12.7% |
| 1980 | -9.38 % change on previous year | -231.6% |
| 1981 | 8.94 % change on previous year | -195.3% |
| 1982 | 5.42 % change on previous year | -39.4% |
| 1983 | 4.16 % change on previous year | -23.2% |
| 1984 | 11.67 % change on previous year | +180.4% |
| 1985 | 7.06 % change on previous year | -39.5% |
| 1986 | 1.1 % change on previous year | -84.4% |
| 1987 | 12.14 % change on previous year | +1003.3% |
| 1988 | 5.92 % change on previous year | -51.3% |
| 1989 | 27.16 % change on previous year | +358.8% |
| 1990 | 4.88 % change on previous year | -82.0% |
| 1991 | 13.73 % change on previous year | +181.2% |
| 1992 | 17.97 % change on previous year | +30.9% |
| 1993 | 18.07 % change on previous year | +0.5% |
| 1994 | 23.22 % change on previous year | +28.5% |
| 1995 | 32.66 % change on previous year | +40.7% |
| 1996 | 21.23 % change on previous year | -35.0% |
| 1997 | 35.48 % change on previous year | +67.1% |
| 1998 | 19.68 % change on previous year | -44.5% |
| 1999 | 7.86 % change on previous year | -60.0% |
| 2000 | 13.13 % change on previous year | +67.0% |
| 2001 | 15.98 % change on previous year | +21.7% |
| 2002 | 9.58 % change on previous year | -40.1% |
| 2003 | 9.86 % change on previous year | +2.9% |
| 2004 | 12.59 % change on previous year | +27.7% |
| 2005 | 7.38 % change on previous year | -41.4% |
| 2006 | 11.57 % change on previous year | +56.8% |
| 2007 | 2.32 % change on previous year | -79.9% |
| 2008 | 1.46 % change on previous year | -37.1% |
| 2009 | -8.72 % change on previous year | -696.8% |
| 2010 | 9.5 % change on previous year | -208.9% |
| 2011 | 5.74 % change on previous year | -39.6% |
| 2012 | 1.69 % change on previous year | -70.6% |
| 2013 | 6.14 % change on previous year | +263.7% |
| 2014 | 12.33 % change on previous year | +100.9% |
| 2015 | 10.88 % change on previous year | -11.8% |
| 2016 | 0.4542 % change on previous year | -95.8% |
| 2017 | 5.81 % change on previous year | +1179.7% |
| 2018 | 6.66 % change on previous year | +14.6% |
| 2019 | 3.63 % change on previous year | -45.5% |
| 2020 | 1.5 % change on previous year | -58.6% |
| 2021 | 8.9 % change on previous year | +492.6% |
| 2022 | 21.32 % change on previous year | +139.5% |
| 2023 | 16.11 % change on previous year | -24.5% |
Hungary compared with similar countries
- Hungary's 16.11 % change on previous year is above the median for high income countries, which is 4.06 % change on previous year, 4.0× the median. (73 countries reporting)
- Hungary's 16.11 % change on previous year is above the median for Europe & Central Asia, which is 4.42 % change on previous year, 3.6× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1179.7% | 0.4542 % change on previous year | 5.81 % change on previous year |
| 1987 | +1003.3% | 1.1 % change on previous year | 12.14 % change on previous year |
| 2009 | -696.8% | 1.46 % change on previous year | -8.72 % change on previous year |
| 2021 | +492.6% | 1.5 % change on previous year | 8.9 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.13 % change on previous year | 4.73 % change on previous year | 12.22 % change on previous year | 9 |
| 1980s | 7.42 % change on previous year | -9.38 % change on previous year | 27.16 % change on previous year | 10 |
| 1990s | 19.48 % change on previous year | 4.88 % change on previous year | 35.48 % change on previous year | 10 |
| 2000s | 7.51 % change on previous year | -8.72 % change on previous year | 15.98 % change on previous year | 10 |
| 2010s | 6.28 % change on previous year | 0.4542 % change on previous year | 12.33 % change on previous year | 10 |
| 2020s | 11.96 % change on previous year | 1.5 % change on previous year | 21.32 % change on previous year | 4 |
Countries ranked near Hungary
- 41 Turks and Caicos Islands 18.68 % change on previous year compare
- 42 Uzbekistan 18.47 % change on previous year compare
- 43 Palau 18.14 % change on previous year compare
- 45 Bangladesh 16.07 % change on previous year compare
- 46 Zambia 15.92 % change on previous year compare
- 47 Aruba 15.66 % change on previous year 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 value added (total manufacturing) — value standard local currency in Hungary?
- Value added (total manufacturing) — value standard local currency in Hungary was 16.11 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Hungary?
- The highest recorded value was 35.48 % change on previous year in 1997.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Hungary?
- The lowest recorded value was -9.38 % change on previous year in 1980.
- How does Hungary rank for value added (total manufacturing) — value standard local currency?
- Hungary ranks 44th out of 231 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 162.5%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.