Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a flat reading in the previous quarter. On the production side, growth was primarily supported by a rebound in the construction sector (4.3% vs -5.1% in Q1), as well as steady improvements in services (1.3% vs 1.1%) and arts, entertainment, leisure, and other services (6.5% vs 3.1%). In addition, the contraction moderated in the industry sector (-3.3% vs -3.9%), particularly in manufacturing (-4.4% vs -4.6%). On the expenditure side, household consumption—the largest component of actual consumption—accelerated to 5% from 4.1% in the previous quarter. However, net external demand weighed on growth, as exports declined further (-0.9% vs -0.4%) while imports saw a notable increase (4% vs 0.1%). On a seasonally adjusted quarterly basis, Hungary’s GDP grew by 0.4%, rebounding from a revised 0.1% contraction in the first quarter. source: Hungarian Central Statistical Office

The Gross Domestic Product (GDP) in Hungary expanded 0.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary averaged 2.41 percent from 1996 until 2025, 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 September of 2025.

The Gross Domestic Product (GDP) in Hungary expanded 0.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary is expected to be 1.30 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 2.70 percent in 2026 and 2.50 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-30 06:30 AM
YoY Prel
Q2 0.1% 0% 0% 0.2%
2025-09-02 06:30 AM
YoY Final
Q2 0.1% 0% 0.1% 0.1%
2025-10-30 07:30 AM
YoY Prel
Q3 1.3%


Related Last Previous Unit Reference
Full Year GDP Growth 0.50 -0.90 percent 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 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
0.10 0.00 17.90 -12.70 1996 - 2025 percent Quarterly
NSA

News Stream
Hungary Q2 GDP Growth Confirmed at 0.1%
Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a flat reading in the previous quarter. On the production side, growth was primarily supported by a rebound in the construction sector (4.3% vs -5.1% in Q1), as well as steady improvements in services (1.3% vs 1.1%) and arts, entertainment, leisure, and other services (6.5% vs 3.1%). In addition, the contraction moderated in the industry sector (-3.3% vs -3.9%), particularly in manufacturing (-4.4% vs -4.6%). On the expenditure side, household consumption—the largest component of actual consumption—accelerated to 5% from 4.1% in the previous quarter. However, net external demand weighed on growth, as exports declined further (-0.9% vs -0.4%) while imports saw a notable increase (4% vs 0.1%). On a seasonally adjusted quarterly basis, Hungary’s GDP grew by 0.4%, rebounding from a revised 0.1% contraction in the first quarter.
2025-09-02
Hungary Q2 GDP Grows 0.1%
Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, following stagnant growth in the previous three-month period, according to preliminary estimates. The modest improvement was mainly driven by the combined performances in the services sector, particularly information and communication. However, the upturn was partially offset by the slowdown in the added value of agriculture and industry. On a seasonally adjusted quarterly basis, the economy grew by 0.4% in the second quarter of 2025, recovering from a downwardly revised 0.1% contraction in the preceding period.
2025-07-30
Hungary GDP Stalls in Q1
Hungary’s gross domestic product stalled from a year earlier in the first quarter of 2025, following a 0.4% growth in the previous three-month period, confirming preliminary estimates. Growth slowed for commerce (2.1% vs 2.8%), accommodation & catering services (1.7% vs 6.2%) and, service sector (1.1% vs 2.1%). At the same time, the drop became apparent from industry (-3.9% vs -1.4%), manufacturing (-4.6% vs -3.2%), while less pronounced for agriculture (-0.7% vs -13.6%). These were offset by the gains in education (3.1% vs 1%) and transportation & warehousing (1.6% vs 1.2%). On a seasonally adjusted quarterly basis, the GDP fell by 0.2% after a 0.6% gain in the previous period.
2025-06-03