Energy

The performance of Hungary’s economy surpassed the previous year’s level by 0.3% in the 1st-3rd quarters of 2025. The increasing performance of the services sector and construction as well as growing consumption had a positive impact on GDP. These impacts however have been subdued by the setback of the industry and agriculture, the continuously subdued investment activity. Retail trade volume continued to rise, foreign demand at accommodation establishments increased, too.

The Hungarian Energy and Public Utility Regulatory Authority will hold the Night of Power Plants on 17 October this year. Interested people can have a look into the world of energy suppliers and public utility companies at more than 80 venues throughout the country. Fossil sources have continuously declined in importance in Hungary in the last decades, while renewables-based electricity production grew to a record level, 11.6 billion kilowatt hours in 2024. Solar energy in Hungary (9.0 billion kWh) has an outstanding role even at an international level, having ensured over three-quarters of green electricity last year.

The yearbook provides an overview of Hungary's demographic, social and economic trends, environmental characteristics and their changes over time, with the help of tens of thousands of data in some 500 tables, charts and maps. In the chapter devoted to earnings and incomes, it is a novelty compared to previous years that net earnings in which allowances and types of exemptions are accounted for, too, came into focus from 2019. In the number of employees, people working in working time shorter than 60 working hours per month are also taken into account. In addition, the theme of environment is completed with areas declared world heritage sites by UNESCO.

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.