Hungary GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

Units In

0.4

Frequency

Quarterly

Next Release

Sep 02, 2025

Time to Release

2 Months 27 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
17.8 Jun 2021	-13 Jun 2020	2.38 %	1996-2025	Hungarian Central Statistical Office

Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, household consumption is the main component of GDP and accounts for 50 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Exports of goods and services account for 89 percent of GDP while imports account for 82 percent, adding 7 percent of total GDP.

Latest Updates

Hungary’s gross domestic product stalled from a year earlier in the first quarter of 2025, following a 0.4% growth in the previous three-month period, confirming preliminary estimates. Growth slowed for commerce (2.1% vs 2.8%), accommodation & catering services (1.7% vs 6.2%) and, service sector (1.1% vs 2.1%). At the same time, the drop became apparent from industry (-3.9% vs -1.4%), manufacturing (-4.6% vs -3.2%), while less pronounced for agriculture (-0.7% vs -13.6%). These were offset by the gains in education (3.1% vs 1%) and transportation & warehousing (1.6% vs 1.2%). On a seasonally adjusted quarterly basis, the GDP fell by 0.2% after a 0.6% gain in the previous period.