National accounts, GDP

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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. Compared to previous years, it is a novelty that the results of time use data collection showing the time use of the population were included in the yearbook, furthermore, that the number of registered organisations and earnings data are also available according to the new NACE Rev. 2.1 structure, alongside the NACE Rev. 2 classification, as well as that the International data chapter is published with more extensive content, various indicators.

The volume of Hungary’s gross domestic product was 1.7% higher according to both raw data and seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2026 than in the corresponding period of the previous year. Compared to the previous quarter, the economic performance rose by 0.5% according to seasonally and calendar adjusted and reconciled data. In the first half of the year, the performance of the economy was 1.7% higher according to both raw data and seasonally and calendar adjusted and reconciled data than in the same period of the previous year.

According to seasonally and calendar adjusted data, financial corporations as well as households and non-profit institutions serving households (NPISHs) were in a net lending, while non-financial corporations and general government in a net borrowing position in the 1st quarter of 2026. The gross saving rate of households and NPISHs came to 20% and their gross investment rate to 5.3%. The gross profit share of non-financial corporations stood at 36% and their gross investment rate was 30%.

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.

Hungary became a member of the Organisation for Economic Co?operation and Development (OECD) 30 years ago, on 7 May 1996. The Organisation currently has 38 member countries, including Hungary. In 2024, OECD countries accounted for 17% of the world’s population and 43% of global GDP. Hungary’s GDP per capita at purchasing power parity stood at 77.4% of the OECD average in 2025, an increase of 32.6 percentage points compared with 1996.

If the Visegrad Four (V4) would be considered as one single country, it would be the third most populous state and the fifth largest economy within the EU. Hungary registered the highest median age among the four countries, at the same time the proportion of those using the internet was on average the highest in our country. The economic activity indices of the V4 countries were more favourable than the EU average. The complete publication is available in Hungarian at: TÉR-KÉP, 2024

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.

Hungary’s gross domestic product (GDP) at current prices was HUF 81,447.7 billion in 2024, increasing by 0.6% at constant prices compared to the previous year. The amount of gross domestic product per capita was HUF 8.5 million, or EUR 30,391 in purchasing power standard. The deficit of the general government sector was HUF 4,089.6 billion, or 5.0% of GDP, according to the preliminary data of national accounts.

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.