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.
Key figures
GDP volume change
Indicator description
Change in volume of GDP compared to the same period of the previous year. The volume figure published here is unadjusted.
Source of data:
Summary Tables (STADAT)
Last data for period: Q2 2023
Value of GDP per capita, calculated in purchasing power parity
Indicator description
Value of GDP divided by population number, calculated in purchasing power parity. The indicator is suitable for analysing the level of economic development.
Source of data:
Summary Tables (STADAT)
Last data for period: 2021
GNI/GDP ratio
Indicator description
Gross national income (GNI) divided by gross domestic product (GDP). GNI can be derived from GDP. If the value of GNI exceeds that of GDP, then more income flows from abroad to the country than from the country abroad, while in the other way round income outflow occurs.
Source of data:
Summary Tables (STADAT)
Last data for period: 2021
Balance of general government sector as a proportion of GDP
Indicator description
Difference of total revenues and expenditures in proportion of GDP of organisations classified into the general government, in a given quarter.
Source of data:
Summary Tables (STADAT)
Last data for period: Q1 2023
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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 2.4% lower in 2nd quarter than in 2nd quarter 2022, good performance of agriculture lowers decrease, Gross domestic product (GDP), 2nd quarter 2023 (second estimate)
The volume of gross domestic product decreased by 2.4% in Hungary in the 2nd quarter of 2023 according to raw data compared to the corresponding period of the previous year. According to seasonally and calendar adjusted and reconciled data, the performance of the economy lessened by 2.3% compared to the same period of the previous year and by 0.3% compared to the previous quarter. In the 1st half of 2023, the performance of the economy diminished by 1.7% according to both raw and seasonally and calendar adjusted and reconciled data compared to the same period of the previous year.
Quarterly non-financial sector accounts, 1st quarter 2023
Hungary's GDP amounted to HUF 17,717 billion in the 1st quarter of 2023. Non-financial corporations, as well as households and non-profit institutions serving households (NPISHs) were in a net lending, and financial corporations and the general government in a net borrowing position in the indicated period. The gross saving rate of households and NPISHs reached 19%. The gross profit share of non-financial corporations came to 49%. The gross investment rate of households and NPISHs was 10.5% and that of non-financial corporations 33%.
Hungary, 2022
The processes taken place in 2022 were mainly determined by the uncertain global environment due to the Russia-Ukraine war and the general and considerable price increases worldwide. Despite these challenges, the Hungarian economy's performance expanded by 4.6% year-on-year, above the EU average. Employment reached a new record high and average earnings rose significantly, but the impact of this was gradually eroded by surging inflation. Population decline continued at a lower pace than in the previous year.
Economic performance grew in the majority of the European Union’s Member States
The economic performance of the European Union began to rise once again, following the Covid19 pandemic related setback, in the 2nd quarter of 2021. The growth, in spite of the unfavourable global trends, continued in the 1st quarter of 2023, the volume of the EU’s GDP surpassed the same period of the previous year’s value by 1.0%. Economic performance grew in most member states, but it decreased in Hungary and in Germany, considered to be the largest national economy of the EU.
Related themes
- Culture, sports
- Education
- External trade and balance of payments
- Government finance
- Investment
- Regional statistics
- Science and technology
Methodological information
First releases |
Latest release | Next release |
---|---|---|
Balance of general government sector, 1st quarter 2023 | 04/07/2023 | 03/10/2023 |
Gross domestic product (GDP), 2nd quarter 2023 (flash estimate) | 16/08/2023 | 14/11/2023 |
Gross domestic product (GDP), 2nd quarter 2023 (second estimate) | 01/09/2023 | 01/12/2023 |
Publications |
Released |
---|---|
Hungary, 2023 Q1 | 30/08/2023 |
Statistical Pocketbook of Hungary, 2022 | 14/06/2023 |
Hungary, 2022 | 28/06/2023 |
Hungary in figures, 2022 | 11/07/2023 |
Hungary, Quarter 3 2022 | 06/02/2023 |
Regional Statistical Yearbook of Hungary, 2021 | 10/01/2023 |
Release and revision calendarPublication repertory