Hungary’s gross domestic product expanded by 1.7% year-on-year in the first quarter of 2026, following a 0.8% growth in the previous three-month period, according to preliminary estimates. This marked the fastest growth since the third quarter of 2022, driven largely by strong performance in the services sector, particularly in professional, scientific, technical, and administrative activities. In addition, the industrial sector contributed positively to overall economic growth. On a seasonally adjusted quarterly basis, GDP grew by 0.8% in Q1 2026, up from a 0.2% increase in the preceding quarter. source: Hungarian Central Statistical Office

The Gross Domestic Product (GDP) in Hungary expanded 1.70 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary averaged 2.38 percent from 1996 until 2026, reaching an all time high of 17.90 percent in the second quarter of 2021 and a record low of -12.70 percent in the second quarter of 2020. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in Hungary expanded 1.70 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary GDP Annual Growth Rate is projected to trend around 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-03 07:30 AM
YoY Final
Q4 0.8% 0.7% 0.7% 0.7%
2026-04-30 06:30 AM
YoY Prel
Q1 1.7% 0.8% 1.1%
2026-06-02 06:30 AM
YoY Final
Q1 0.8% 1.7% 1.7%


Related Last Previous Unit Reference
Full Year GDP Growth 0.40 0.50 percent Dec 2025
GDP Growth Rate YoY 1.70 0.80 percent Mar 2026
GDP Constant Prices 15407581.00 14880670.00 HUF Million Dec 2025
GDP from Agriculture 456565.00 445358.00 HUF Million Dec 2025
GDP from Construction 703399.00 694566.00 HUF Million Dec 2025
GDP from Manufacturing 2126562.00 2159900.00 HUF Million Dec 2025
GDP from Public Administration 2031593.00 2030140.00 HUF Million Dec 2025
GDP from Services 8809733.00 8798531.00 HUF Million Dec 2025
GDP from Transport 718025.00 716069.00 HUF Million Dec 2025
GDP Growth Rate 0.80 0.20 percent Mar 2026
Gross Fixed Capital Formation 3072895.00 3078268.00 HUF Million Dec 2025


Hungary GDP Annual Growth Rate
Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, household consumption is the main component of GDP and accounts for 50 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Exports of goods and services account for 89 percent of GDP while imports account for 82 percent, adding 7 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.80 17.90 -12.70 1996 - 2026 percent Quarterly
NSA

News Stream
Hungary Q1 GDP Growth Strongest Since 2022
Hungary’s gross domestic product expanded by 1.7% year-on-year in the first quarter of 2026, following a 0.8% growth in the previous three-month period, according to preliminary estimates. This marked the fastest growth since the third quarter of 2022, driven largely by strong performance in the services sector, particularly in professional, scientific, technical, and administrative activities. In addition, the industrial sector contributed positively to overall economic growth. On a seasonally adjusted quarterly basis, GDP grew by 0.8% in Q1 2026, up from a 0.2% increase in the preceding quarter.
2026-04-30
Hungary Q4 GDP Growth at Six-Quarter High
Hungary’s economy grew by 0.8% year-on-year in the final quarter of 2025, exceeding both the preliminary estimates and the previous quarter’s upwardly revised 0.7% expansion. The latest figure also marked the strongest growth since the second quarter of 2024, mainly driven by strong performances in the construction (5.1% vs 3.3% in Q3) and services sector (1% vs 1.7%). Output in services particularly increased for financial and insurance activities (5.9% vs 5.3%) and arts, entertainment, leisure, and other services (4.6% vs -0.1%). On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (2.7% vs 2.3%), while gross fixed capital formation (-1% vs -2.1%) declined less. On a seasonally adjusted quarterly basis, the economy advanced by 0.2% in the fourth quarter, after showing no growth in preceding period. In 2025, the GDP exceeded the previous year by 0.4% in raw terms and 0.3% on a seasonally and calendar-adjusted basis.
2026-03-03
Hungary Q4 GDP Growth Strongest in Six Quarters
Hungary’s gross domestic product grew by 0.7% year-on-year in the fourth quarter of 2025, slightly below market forecasts of a 0.8% expansion but higher than the 0.6% growth in the previous three-month period, preliminary estimates showed. The latest figure also marked the fastest growth since the second quarter of 2024, mainly driven by the combined performances in the services sector, particularly financial, insurance, and trade, as well as the construction industry. However, a slump in industry weighed most on overall growth, with industrial output shrinking almost every month over the past three years, except for a brief expansion in February 2024. On a seasonally adjusted quarterly basis, the economy expanded by 0.2% in Q4 2025, after showing no growth in the prior period. For the whole year of 2025, the economy grew a modest 0.4%, down from 0.5% in the previous year.
2026-01-30