Volume of remittances (in United States dollars) as a proportion of in Hungary
Hungary: Volume of remittances (in United States dollars) as a proportion of was 2.5% in 2024. ◆ Volatile
Latest (2024)
2.5%
Change on year
up 2.1%
World rank
101st
of 203 countries
All-time high
3.2%
in 2016
All-time low
0.5%
in 2003
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Hungary, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Hungary stood at 2.5%.
The figure is up 2.1% on the previous year and down 17.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Hungary peaked at 3.2% in 2016 and was at its lowest, 0.5%, in 2003.
That places Hungary 101st out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Volume of remittances (in United States dollars) as a proportion of in Hungary, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.8% | — |
| 2001 | 0.7% | -11.9% |
| 2002 | 0.7% | -3.1% |
| 2003 | 0.5% | -16.4% |
| 2004 | 0.6% | +10.9% |
| 2005 | 0.6% | +6.4% |
| 2006 | 0.7% | +14.8% |
| 2007 | 0.7% | -6.2% |
| 2008 | 0.8% | +19.3% |
| 2009 | 1.2% | +40.1% |
| 2010 | 1.4% | +16.0% |
| 2011 | 1.6% | +19.7% |
| 2012 | 2.4% | +50.2% |
| 2013 | 3.0% | +25.1% |
| 2014 | 3.0% | -2.2% |
| 2015 | 3.1% | +5.8% |
| 2016 | 3.2% | +2.7% |
| 2017 | 2.9% | -10.9% |
| 2018 | 2.7% | -5.0% |
| 2019 | 3.0% | +8.3% |
| 2020 | 2.5% | -16.4% |
| 2021 | 2.1% | -17.0% |
| 2022 | 2.2% | +9.3% |
| 2023 | 2.4% | +7.5% |
| 2024 | 2.5% | +2.1% |
Hungary compared with similar countries
- Hungary's 2.5% is above the median for high income countries, which is 0.7%, 3.3× the median. (66 countries reporting)
- Hungary's 2.5% is above the median for Europe & Central Asia, which is 1.5%, 1.6× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7% | 0.5% | 1.2% | 10 |
| 2010s | 2.6% | 1.4% | 3.2% | 10 |
| 2020s | 2.3% | 2.1% | 2.5% | 5 |
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)
- 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 volume of remittances (in united states dollars) as a proportion of in Hungary?
- Volume of remittances (in united states dollars) as a proportion of in Hungary was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Hungary?
- The highest recorded value was 3.2% in 2016.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Hungary?
- The lowest recorded value was 0.5% in 2003.
- How does Hungary rank for volume of remittances (in united states dollars) as a proportion of?
- Hungary ranks 101st out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Hungary?
- Over the last ten years it is down 17.1%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).