Hungary GDP Growth Rate (YoY)
Hungary's GDP annual growth rate was 0.1% in Q2 2025, up from 0% in Q1 2025. This growth occurred despite a 4.9% year-on-year decline in industrial production in June 2025. Economic recovery for 2025 is expected to remain below 1%, affected by weak export demand and business uncertainty. Sluggish industrial output, especially in manufacturing, drove the early 2025 slowdown. While private consumption shows resilience due to real wage growth, high interest rates and inflation pose challenges. Hungary's record low GDP annual growth rate was -12.7% in Q2 2020 and record high was 17.9% in Q2 2021.
Quarterly Historical Data (2015-2025)
(in %)Recent Events
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Hungary GDP Growth Rate (YoY) : Definition
Hungary's quarterly GDP annual growth rate measures the percentage change in the country's total economic output compared to the same quarter of the previous year. It is calculated by comparing the current quarter's Gross Domestic Product value against the value from four quarters prior. GDP represents the sum of consumption, investment, government spending and net exports.