Industry

The volume of industrial production grew by 0.9% year-on-year in April 2026. The working-day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data, industrial output was 1.1% lower than in March 2026.

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Hungary’s population on 1 January 2024 was 9 million 585 thousand people, with nearly 18% living in the capital city, almost 53% in towns, and 30% in villages. In 2023, Hungary’s trade surplus in goods reached its highest level since 2016 (9.0 billion euros), while the surplus in services also rose to a record high (11.0 billion euros). Both the production volume and average yield of the major arable crops increased; the production of barley reached an unprecedented level of 2.2 million tonnes.

The free royal city of Szeged received its charter from King Charles III on 21 May 1719: this date has been celebrated as the city’s official day since 1990. In 1962, it became the seat of the then Csongrád County. Today it is the second most populous city outside Budapest. It is a cultural, educational, and economic centre. Its theatre, the Szeged Open-Air Festival, and its higher education institutions all have a long and distinguished history. In recent decades, its economy has shifted from the food industry—paprika, Pick salami, and its canning factory—toward vehicle manufacturing.

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 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.

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.