National accounts, GDP

National accounts are a system of macro-economic statistical accounts, summarising the economic activities of a particular country, which compares resources with their uses. The data, produced according to the methodology of the European system of national accounts (ESA), are suitable for international comparison, too. The best known and mostly used indicator of the system of accounts is gross domestic product (GDP), the level and volume change of which are key indicators to evaluate the level of development and growth of the economy.

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It is exceptionally important to us to provide more up-to-date information on the social and economic developments in our country, in addition to our regular and detailed publications.
Our WEEKLY MONITOR provides insights into trends in key areas through weekly, monthly and quarterly data from our interactive chart collection.
Most WEEKLY MONITOR charts can also be downloaded in image and data formats (PNG, SVG and CSV).

Economic performance increases by 8.2% in 1st quarter, Gross domestic product (GDP), 1st quarter 2022 (second estimate)

The volume of gross domestic product increased by 8.2% in Hungary in the 1st quarter of 2022 compared to the corresponding period of the previous year. According to seasonally and calendar adjusted and reconciled data, the performance of the economy rose by 2.1% compared to the previous quarter and by 8.0% compared to the corresponding period of the previous year.

Quarterly non-financial sector accounts, 4th quarter 2021

Hungary's GDP reached HUF 15,795 billion in the 4th quarter of 2021. The general government sector was a net borrower, while the other sectors of the economy were net lenders in that quarter. The saving ratio of households and non-profit institutions serving households (NPISHs) came to 15%. The gross fixed capital formation rate of the total economy remained at a high level (28%).

Hungary, 2021 Q3

The performance of the Hungarian economy in the 1st – 3 rd quarters of 2021 surpassed the pandemic related low base of the previous year by 7.1%. Compared with the same period of 2020 consumer prices’ increase was 4.6% in the first ten months of the year, the majority of producer prices grew in an even more significant pace. Due to the growing death numbers, the January – September natural decrease of the population reached 42 thousand, surpassing the data of the previous year by 67%.

Hungary’s economy strongly focused on the capital

37% of gross domestic product (GDP) was concentrated in Budapest and 11% in Pest County, and the rest of the counties accounted for 1–6% each of Hungary’s economic performance in 2020. The disparities in the level of development within the country decreased somewhat between 2010 and 2020 but remained significant. The value of GDP per inhabitant was outstandingly high in the capital, over twice as high as the domestic average, while it did not reach even the half of the national average in Nógrád County, at the bottom of the regional rankings.

Hungary in Figures, 2020

Our publication, also highlighting the main effects of the pandemic, gives an overview of the social and economic trends in Hungary in 2020, including a 5% drop in GDP, putting us in the middle of the EU ranking, taking into use 28,000 new homes, the highest number since 2009, a nearly threefold increase in the share of people working remotely or from home as compared to the average for the past 10 years, a 42% increase in the value of mail order and internet retailing, and fewer accidents on the roads.

National accounts of Hungary, 2020 (2nd preliminary data)

Hungary’s gross domestic product (GDP) at current prices was nearly HUF 48 thousand billion in 2020, decreasing by 4.7% at constant prices compared to the previous year. The amount of gross domestic product per capita was HUF 4.9 million, or EUR 22 thousand in purchasing power standard. The deficit of the general government sector was HUF 3.8 thousand billion, 8.0% of GDP.

Statistical Yearbook of Hungary, 2019

The yearbook presents how demographic, socio-economic trends and environmental characteristics changed over time in Hungary. The main indicators are illustrated in time series or regional comparisons by charts and maps; the interactive versions of these are available on our website. Spatial disparities among counties and regions as well as international indicators are presented in separate chapters. The internet annex contains the publication in PDF format and all tables in Excel format.