National accounts, GDP

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).

The volume of gross domestic product increased by 17.9% in Hungary in the 2nd quarter of 2021 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 2.7% compared to the previous quarter and by 17.7% compared to the corresponding period of the previous year. In the first half of 2021, the economic performance was 7.6% higher (7.2% higher according to seasonally and calendar adjusted and reconciled data) than in the same period of the previous year.

Hungary's GDP amounted to HUF 11 576 billion in the first quarter of 2021. General government was the largest borrowing sector in this quarter, while households and corporations were in a net lending position. Growth in disposable income of households and non-profit institutions serving households was not matched by an increase in final consumption expenditure. Gross fixed capital formation rate of the national economy as a whole (22%) increased compared to the corresponding period of the previous year.

In relation with the coronavirus pandemic the performance of the Hungarian economy decreased by 5.5% in the 1st – 3rd semesters of 2020, this result is replacing the 4-5% growths of the corresponding periods of the previous three years. During the same time the average GDP of the EU-27 states shrunk in a larger degree than the Hungarian one, by 7.0%. The population of Hungary decreased by 29 thousand people between January-October 2020 due to the natural decrease, this number is 5 thousand less year-on-year.

The volume of the gross domestic product (GDP) of Hungary was 4.6% larger in 2019 than a year earlier, and its value per capita approximated HUF 4.9 million. The deficit of the general government sector corresponded to 2.0% of GDP in 2019. Our publication contains in addition to the preliminary data for 2019 the final data for 2018, revised data for earlier years and the effects of a methodological change and routine revisions, the background to the calculations, too.

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.