Value Added (Total Manufacturing) — Value Standard Local Currency in Hungary
Hungary: Value Added (Total Manufacturing) — Value Standard Local Currency was 12.93 million million SLC in 2023. ◆ Volatile
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 12.93 million million SLC. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 16.1% on the previous year and up 127.8% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Hungary peaked at 12.93 million million SLC in 2023 and was at its lowest, 90,087 million SLC, in 1970.
That places Hungary 27th out of 231 countries with data for 2023, putting it 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 | million SLC | Change |
|---|---|---|
| 1970 | 90,087 million SLC | — |
| 1971 | 98,064 million SLC | +8.9% |
| 1972 | 106,894 million SLC | +9.0% |
| 1973 | 119,955 million SLC | +12.2% |
| 1974 | 134,401 million SLC | +12.0% |
| 1975 | 147,280 million SLC | +9.6% |
| 1976 | 154,253 million SLC | +4.7% |
| 1977 | 170,410 million SLC | +10.5% |
| 1978 | 184,322 million SLC | +8.2% |
| 1979 | 197,457 million SLC | +7.1% |
| 1980 | 178,942 million SLC | -9.4% |
| 1981 | 194,937 million SLC | +8.9% |
| 1982 | 205,501 million SLC | +5.4% |
| 1983 | 214,055 million SLC | +4.2% |
| 1984 | 239,039 million SLC | +11.7% |
| 1985 | 255,924 million SLC | +7.1% |
| 1986 | 258,741 million SLC | +1.1% |
| 1987 | 290,162 million SLC | +12.1% |
| 1988 | 307,335 million SLC | +5.9% |
| 1989 | 390,794 million SLC | +27.2% |
| 1990 | 409,874 million SLC | +4.9% |
| 1991 | 466,156 million SLC | +13.7% |
| 1992 | 549,940 million SLC | +18.0% |
| 1993 | 649,315 million SLC | +18.1% |
| 1994 | 800,079 million SLC | +23.2% |
| 1995 | 1.06 million million SLC | +32.7% |
| 1996 | 1.29 million million SLC | +21.2% |
| 1997 | 1.74 million million SLC | +35.5% |
| 1998 | 2.09 million million SLC | +19.7% |
| 1999 | 2.25 million million SLC | +7.9% |
| 2000 | 2.55 million million SLC | +13.1% |
| 2001 | 2.95 million million SLC | +16.0% |
| 2002 | 3.24 million million SLC | +9.6% |
| 2003 | 3.55 million million SLC | +9.9% |
| 2004 | 4.00 million million SLC | +12.6% |
| 2005 | 4.30 million million SLC | +7.4% |
| 2006 | 4.79 million million SLC | +11.6% |
| 2007 | 4.90 million million SLC | +2.3% |
| 2008 | 4.98 million million SLC | +1.5% |
| 2009 | 4.54 million million SLC | -8.7% |
| 2010 | 4.97 million million SLC | +9.5% |
| 2011 | 5.26 million million SLC | +5.7% |
| 2012 | 5.35 million million SLC | +1.7% |
| 2013 | 5.68 million million SLC | +6.1% |
| 2014 | 6.38 million million SLC | +12.3% |
| 2015 | 7.07 million million SLC | +10.9% |
| 2016 | 7.10 million million SLC | +0.5% |
| 2017 | 7.51 million million SLC | +5.8% |
| 2018 | 8.02 million million SLC | +6.7% |
| 2019 | 8.31 million million SLC | +3.6% |
| 2020 | 8.43 million million SLC | +1.5% |
| 2021 | 9.18 million million SLC | +8.9% |
| 2022 | 11.14 million million SLC | +21.3% |
| 2023 | 12.93 million million SLC | +16.1% |
Hungary compared with similar countries
- Hungary's 12.93 million million SLC is above the median for high income countries, which is 31,737 million SLC, 407.5× the median. (73 countries reporting)
- Hungary's 12.93 million million SLC is above the median for Europe & Central Asia, which is 71,112 million SLC, 181.9× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 140,312 million SLC | 90,087 million SLC | 197,457 million SLC | 10 |
| 1980s | 253,543 million SLC | 178,942 million SLC | 390,794 million SLC | 10 |
| 1990s | 1.13 million million SLC | 409,874 million SLC | 2.25 million million SLC | 10 |
| 2000s | 3.98 million million SLC | 2.55 million million SLC | 4.98 million million SLC | 10 |
| 2010s | 6.56 million million SLC | 4.97 million million SLC | 8.31 million million SLC | 10 |
| 2020s | 10.42 million million SLC | 8.43 million million SLC | 12.93 million million SLC | 4 |
Countries ranked near Hungary
- 25 Kazakhstan 14.54 million million SLC compare
- 26 United Republic of Tanzania 13.66 million million SLC compare
- 28 Iraq 11.78 million million SLC compare
- 29 Pakistan 11.41 million million SLC compare
- 30 Bangladesh 10.03 million million SLC compare
More economy & growth data for Hungary
- Real gdp growth, annual growth rate -26.96 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 233.67 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.49 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 170.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % 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 12.93 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 12.93 million million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Hungary?
- The lowest recorded value was 90,087 million SLC in 1970.
- How does Hungary rank for value added (total manufacturing) — value standard local currency?
- Hungary ranks 27th 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 127.8%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).