Hungary GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

0.1

Units In

Frequency

Quarterly

Next Release

Dec 02, 2025

Time to Release

2 Months 28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
17.8 Jun 2021	-13 Jun 2020	2.36 %	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 expanded by 0.1% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a flat reading in the previous quarter. On the production side, growth was primarily supported by a rebound in the construction sector (4.3% vs -5.1% in Q1), as well as steady improvements in services (1.3% vs 1.1%) and arts, entertainment, leisure, and other services (6.5% vs 3.1%). In addition, the contraction moderated in the industry sector (-3.3% vs -3.9%), particularly in manufacturing (-4.4% vs -4.6%). On the expenditure side, household consumption—the largest component of actual consumption—accelerated to 5% from 4.1% in the previous quarter. However, net external demand weighed on growth, as exports declined further (-0.9% vs -0.4%) while imports saw a notable increase (4% vs 0.1%). On a seasonally adjusted quarterly basis, Hungary’s GDP grew by 0.4%, rebounding from a revised 0.1% contraction in the first quarter.