Construction

The collection of interactive figures provides up-to-date information on the latest domestic and international socio-economic trends. The decisive part of the figures included in HCSO Monitor are downloadable in both image and data formats (PNG, SVG and CSV). Feel free to browse the data in HCSO Monitor, updated many times a week!

Hungary’s GDP increased by 0.5% amid global challenges in 2024. The performance of goods-producing industries lessened, while that of service-providing ones rose, which shows the duality of economic trends. Household consumption picked up, which was considerably encouraged by the purchasing power of earnings growing again with the inflationary wave calming down. Besides, the data series reveal that the level of employment reached another peak.

Construction output volume, based on raw data, lagged behind the previous year’s level by 0.5% in April 2025. Among the main construction groups the construction of buildings lessened by 5.7%, that of civil engineering grew by 6.5%. Based on seasonally and working day adjusted indices construction output was above the March 2025 level by 5.3%.

The yearbook provides an overview of Hungary's demographic, social and economic processes, environmental characteristics and their changes over time, with the help of tens of thousands of data of 500 tables, graphs and maps. Innovatively, the Tourism, catering chapter in the volume includes the gross receipts of tourist accommodation establishments by type of accommodation. Another change is that this year the Regional data chapter already presents territorial data by tourism area, giving greater emphasis to tourist destinations.

Geopolitical tensions continued to overshadow economic developments in 2023, with the gross domestic product falling by 0.9%. Inflationary pressures gradually eased, but the 17.6% annual increase in consumer prices led to a decline in real earnings and consumption, and negatively affected investment decisions. Despite the economic difficulties, employment has reached a record high. In 2023, the number of deaths and births continued to fall, in addition to the decrease in the number of women of childbearing age.

Construction output in 2023 – reaching HUF 7387 billion at current price - following a two-year long growth, lagged behind the one year earlier level by 5.0% at comparative price. The downturn in production was due to the 5.6% volume decrease in the construction of buildings and the 3.8% fallback in civil engineering works. The volumes of new contracts concluded in 2023 and that of end-of-year stock of contracts both lessened, the former by 11.2%, the latter by 23.5%.