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Hungary GDP

Hungary's GDP rose to $222.9 billion in 2024, up from $214.02 billion in 2023, according to World Bank. This represents an increase of 4.2% ($8.88 billion) from the previous year and accounts for 0.2% of the world's total GDP. Hungary has GDP higher than the global median ($222.90 billion vs median $35.85 billion). Compared with the median in Europe, Hungary is higher ($222.90 billion vs regional median $126.99 billion) and ranks 22nd out of 48 countries in Europe.

Hungary's GDP per capita rose to $16,524.82 in 2024, up from $16,389.39 in 2023.

Yearly Historical Data (1968-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 222.9
2023 214.02
2022 177.54
2021 183.28
2020 158.47
2019 164.94
2018 161.18
2017 143.34
2016 128.98
2015 125.24
2014 141.13
2013 135.65
2012 128.47
2011 141.71
2010 131.9
2009 130.81
2008 158.23
2007 140.12
2006 115.6
2005 113.1
2004 104.02
2003 85.19
2002 67.64
2001 53.8
2000 47.28
1999 49.16
1998 48.78
1997 47.4
1996 46.83
1995 46.58
1994 43.31
1993 40.26
1992 38.86
1991 34.87
1990 34.48
1989 30.42
1988 29.8
1987 27.23
1986 24.78
1985 21.51
1984 21.24
1983 21.91
1982 24.14
1981 23.71
1980 23.12
1979 19.96
1978 17.29
1977 14.78
1976 13.24
1975 11.42
1974 10.02
1973 9.14
1972 7.38
1971 6.29
1970 5.78
1969 5.43
1968 4.89
Hungary GDP : Definition
GDP measures the total value of all goods and services produced in Hungary, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.51% -0.84% 2024
GDP Growth Rate (QoQ) 0.4% -0.1% Jun'25
GDP Growth Rate (YoY) 0.1% 0% Jun'25
GDP per Capita $16,524.82 $16,389.39 2024
GDP per Capita PPP $40,702.15 $40,368.59 2024
R&D Expenditure (% GDP) 1.39% 1.64% 2022
Real GDP $158.02B $157.21B 2024