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Hungary Trade (% GDP)

Hungary's trade (% GDP) fell to 143.78% in 2024, down from 157.11% in 2023, according to World Bank. This represents a decrease of 13.33% from the previous year. Hungary has trade (% GDP) higher than the global median (143.78% vs median 84.49%). Compared with the median in Europe, Hungary is higher (143.78% vs regional median 111.00%) and ranks 11th out of 44 countries in Europe.

Yearly Historical Data (1991-2024)

(in %)
Year Trade (% GDP)
2024 143.78%
2023 157.11%
2022 183.81%
2021 158.73%
2020 154.3%
2019 159.93%
2018 162.7%
2017 165.03%
2016 163.97%
2015 167.29%
2014 168.36%
2013 164.48%
2012 166.18%
2011 166.75%
2010 157.84%
2009 145.31%
2008 158.45%
2007 155.6%
2006 149.23%
2005 128%
2004 123.62%
2003 116.79%
2002 118.27%
2001 130.9%
2000 137.26%
1999 113.87%
1998 107.32%
1997 94.69%
1996 83.02%
1995 78.18%
1994 56.31%
1993 53.41%
1992 55.29%
1991 58.21%
Hungary Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Hungary divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $167.71B $158.56B 2024
Annual Imports $151.63B $149.54B 2024
Balance of Trade €557M €452M Aug'25
Exports €10.2B €12.1B Aug'25
Exports (% GDP) 74.66% 80.84% 2024
FDI Inflows (% GDP) -14.71% -33.1% 2024
Imports €9.6B €11.6B Aug'25
Imports (% GDP) 69.11% 76.27% 2024
Net Trade (Goods & Services, BoP) $12.43B $9.84B 2024
Tariff Rate 1.95% 2.24% 2022