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: Q4 2022
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: Q3 2022
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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).
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 0.4% in 4th quarter, Gross domestic product (GDP), 4th quarter 2022 (second estimate)
The volume of gross domestic product increased by 0.4% in Hungary in the 4th 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 0.8% compared to the same period of the previous year and decreased by 0.4% compared to the previous quarter. The performance of the economy – according to both raw and seasonally and calendar adjusted and reconciled data – was 4.6% higher in 2022 than in the previous year.
Hungary’s economic increase significant in EU comparison, too
Despite global challenges, the economic performance of the European Union increased in the 3rd quarter of 2022, too, the volume of its GDP was 2.5% higher than one year earlier. The growth rate considerably slowed down in most member states compared to previous quarters. Hungary’s economic performance grew at a rate well above the EU average this time again, while there was still a rather moderate increase in Germany, considered as the most substantial external economic partner of Hungary.
Hungary, 2022 Q3
The economic performance of Hungary surpassed in the 1st–3rd quarters of 2022 the one year earlier level by 6.1%. Consumer prices year-on-year increase in the first ten months was 12.7%, producer prices, characteristically, grew in a much faster pace. Compared to the high base caused by the pandemic, the number of deaths decreased by 9.3%, the natural decrease of the population in January–September 2022 amounted to 35 thousand people, 17% fewer year-on-year.
Still significant differences in state of development within Hungary
Although the Covid-19 pandemic and the subsequent economic recovery had differing impacts on the different regions in Hungary, they did not redraw the long-existing differences in the state of development. In 2021, GDP per capita continued to be over twice as high in Budapest as and less than the half in Nógrád County of the national average of 5.7 million forints. GDP per capita, as a proportion of the average, rose the most significantly in Fejér County and decreased the most in Győr-Moson-Sopron County compared to a year earlier.
Statistical Yearbook of Hungary, 2021
The approximately 500 tables, graphs and maps and tens of thousands of data the Statistical Yearbook of Hungary contains give, for almost one and a half century, an overview of the social and economic processes of the country in the given year. Besides paying attention to the ever changing socio-economic environment and user demands we always strive to share new information: the health chapter broadened this year with indices regarding outpatient care, time series of healthcare expenses, life expectancy in good health and the number of Covid19 infected people.
Statistical Yearbook of Hungary, 2021
The approximately 500 tables, graphs and maps and tens of thousands of data the Statistical Yearbook of Hungary contains give, for almost one and a half century, an overview of the social and economic processes of the country in the given year. Besides paying attention to the ever changing socio-economic environment and user demands we always strive to share new information: the health chapter broadened this year with indices regarding outpatient care, time series of healthcare expenses, life expectancy in good health and the number of Covid19 infected people.
National accounts of Hungary, 2021 (2nd preliminary data)
In 2021, Hungary’s gross domestic product (GDP) at current prices was HUF 55 thousand billion, up 7.1 % on the previous year at constant prices. The amount of gross domestic product per capita was HUF 5.7 million, or EUR 24 thousand at purchasing power standard. The deficit of the general government sector amounted to HUF 3.9 thousand billion, or 7.1% of GDP.
Quarterly non-financial sector accounts, 3rd quarter 2022
Hungary's GDP amounted to HUF 17,579 billion in the 3rd quarter of 2022. Solely financial corporations were in a net lending position, the other sectors were net borrowers in that quarter. The saving rate of households and non-profit institutions serving households (NPISHs) reached 3.8%. Similarly to earlier quarters, the gross fixed capital formation rate of the total economy remained at a high level (33%).
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.
Related themes
- Investment
- Government finance
- External trade and balance of payments
- Culture, sports
- Education
- Science and technology
- Regional statistics
First releases |
Latest release | Next release |
---|---|---|
Balance of general government sector, 1st–3rd quarters of 2022 and 3rd quarter of 2022 | 03/01/2023 | 04/04/2023 |
Gross domestic product (GDP), 4th quarter 2022 (flash estimate) | 14/02/2023 | 16/05/2023 |
Gross domestic product (GDP), 4th quarter 2022 (second estimate) | 02/03/2023 | 01/06/2023 |
Publications |
Released |
---|---|
Hungary, Quarter 3 2022 | 06/02/2023 |
Regional Statistical Yearbook of Hungary, 2021 | 10/01/2023 |
Release and revision calendarPublication repertory