Name: Hungary Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Hungary's economy expanded by 0.5% for the whole of 2024, recovering from a 0.9% contraction in the previous year. Full Year GDP Growth in Hungary averaged 2.41 percent from 1996 until 2024, reaching an all time high of 7.10 percent in 2021 and a record low of -6.70 percent in 2009. source: Hungarian Central Statistical Office

Full Year GDP Growth in Hungary is expected to reach 0.80 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Full Year GDP Growth is projected to trend around 2.50 percent in 2026 and 2.70 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	0.50	-0.90	percent	Dec 2024
GDP	222.90	214.02	USD Billion	Dec 2024
GDP Growth Rate YoY	0.10	0.00	percent	Jun 2025
GDP Constant Prices	14562725.00	13128894.00	HUF Million	Jun 2025
GDP from Agriculture	410182.00	436190.00	HUF Million	Jun 2025
GDP from Construction	706871.00	666833.00	HUF Million	Jun 2025
GDP from Manufacturing	2131365.00	2114224.00	HUF Million	Jun 2025
GDP from Public Administration	2086713.00	2084233.00	HUF Million	Jun 2025
GDP from Services	8844918.00	8794464.00	HUF Million	Jun 2025
GDP from Transport	698029.00	702332.00	HUF Million	Jun 2025
GDP Growth Rate	0.40	-0.10	percent	Jun 2025
Gross Fixed Capital Formation	2899516.00	2956744.00	HUF Million	Jun 2025

Hungary Full Year GDP Growth

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.