Hungary Debt to GDP Ratio
Hungary's government debt-to-GDP ratio increased to 73.5% in 2024 from 73.0% in 2023. Elevated government spending on interest payments, energy subsidies and pension hikes contributed to this rise. Fiscal deficits are projected at 5.9% of GDP for 2023. The acquisition of Budapest Airport and a weakening forint also added to the debt increase in 2024. Hungary's record low government debt to GDP was 65% in 2019 and record high was 78.7% in 2020.
Yearly Historical Data (2015-2024)
(in %)Hungary Debt to GDP Ratio : Definition
Hungary's government debt to GDP ratio compares the total gross debt of the Hungarian general government to its nominal Gross Domestic Product. It is calculated by dividing the total public debt, denominated in Hungarian Forint, by the country's total economic output measured in Forint for the year.