Hungary GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

0.4

Units In

-0.8

Frequency

Quarterly

Next Release

Jun 03, 2025

Time to Release

1 Months 2 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
17.8 Jun 2021	-13 Jun 2020	2.4 %	1996-2024	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 stagnated from a year earlier in the first quarter of 2025, following a 0.4% expansion in the previous three-month period, preliminary estimates showed. Economic performance was positively influenced by the combined output in the services sector, but was largely offset by declines in industrial and construction activity. On a seasonally adjusted quarterly basis, the GDP contracted by 0.2% in the first quarter of 2025, reversing a 0.6% advance in the preceding period.