HCSO's published its annual summary publication Hungary, 2024, 01/07/2025

The Hungarian Central Statistical Office (HCSO) has published its annual flagship publication “Hungary, 2024”, which provides a comprehensive overview of the economic, social and environmental situation of Hungary in the past year, as well as international context. The full volume is available in Hungarian and an extract in English in the HCSO publication repertory.

For more than three decades, the Hungarian Central Statistical Office has been publishing the annual volumes of its summary series entitled “Hungary”, this year's edition of which provides an overview of the Hungarian macroeconomic environment, the performance of the economy by sector, the most important features of society - labour market conditions, demography, living conditions of the population - as well as the basic indicators of digitalisation, the environment and energy management in seven chapters, on more than 200 pages and illustrated with around one and a half hundred clear diagrams and graphs.

The publication focuses primarily on domestic developments in 2024, but also highlights major recent trends and the international context in which the Hungarian economy's data can be interpreted. The war in our neighbourhood and the unstable global diplomatic situation have constrained the European Union's potential growth more than its competitors, which has also affected the Hungarian economy.

Domestic employment levels reached a new peak in 2024, with the employment rate for 15-64 year olds rising to 75.1%, 4.3 percentage points above the EU average. Real household consumption increased by 3.5% and the output of the services sector expanded. However, investment fell and the volume of gross fixed capital formation declined to a seven-year low. External trade fell, but the trade balance improved thanks to a smaller fall in exports than imports.

The “Magyarország, 2024” can be ordered in Hungarian from the HCSO publications repertory.

The “Hungary, 2024” is available in Hungarian from the HCSO publications repertory.

Hungarian Central Statistical Office

H-1024 Budapest, Keleti Károly u. 5-7. Tel./Phone: (+36-1) 345-6000
Postacím/Postal address: P.O.Box 51 Budapest H-1525
http://www.ksh.hu