Industry

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.

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The volume of industrial production lagged behind the one year earlier level by 4.9% in June 2024. The working day adjusted index is equal to the non-adjusted one. Production declined in the majority of the manufacturing subsections. According to seasonally and working-day adjusted data, industrial output was 1.2% lower than in May 2025.

Our series of infographics, based on the most important data from the Hungarian-language publication Hungary, 2024 provides a comprehensive picture of the social and economic state of our country and the main characteristics of our environment. The next infographic in the series presents the main data of the sectoral overview. The English extract from the publication is available here: Hungary, 2024, and the full Hungarian-language version here: Magyarország, 2024.

The performance of the Hungarian economy in the 1st quarter of 2025 was identical with the same period of the previous year’s level. Increasing performance in the service sector as well as the growth in consumption had a positive impact on the GDP. The continuing setback of the industry and construction, a subdued investment activity, the deterioration in the balance of the external trade counterbalanced this trend. Regarding the labour market, employment rate – considering the 1st quarters’ values – was the highest ever, while the unemployment rate lessened.

The volume of domestic industrial production was 4.0% lower in 2024 year-on-year. Output lessened in nine of the – great majority of production ensuring - manufacturing subsections, most of all in the manufacture of electrical equipment. Output in the largest weight representing vehicle production decreased as well. Food industry, however, enhanced its performance.

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.