Hungary GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

0.6

Units In

0.1

Frequency

Quarterly

Next Release

Mar 04, 2026

Time to Release

2 Months 29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
17.8 Jun 2021	-13 Jun 2020	2.35 %	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 0.6% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 0.1% growth in the previous three-month period. This marked the strongest growth since the second quarter of 2024, mainly driven by strong performances in the construction (2.6% vs 3.7% in Q2) and services sector (1.5% vs 1.4%), particularly for financial and insurance activities (3.8% vs 0.7%) and accommodation and catering services (3% vs 3.1%). Additionally, contraction moderated in the industry sector (-1.7% vs -2.9%), mainly in manufacturing (-0.8% vs -3.7%). On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (2.6% vs 3.5%). However, net external demand weighed on growth, as exports declined (-0.6% vs -1%) while imports increased (3.9% vs -0.8%). On a seasonally adjusted quarterly basis, the economy stagnated after an upwardly revised 0.5% growth in Q2.