[ Nominal GDP in billions of USD ]
Year -
$222.72 billions
Hungary GDP expanded from 1968 to 2024, increasing from $4.89 billion to $222.72 billion.The compound annual growth rate (CAGR) averaged 7.06% over the period. The economy recorded its peak level in 2024 and its lowest level in 1968. Growth volatility remained high. The maximum drawdown reached 20.85%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 222.72 Billions | $ 464.26 Int Billions |
| Growth (YoY) | 4.447% | 3.88% |
| Net Change vs Previous Year | $ 9.48 Billion | $ 17.34 Int Billion |
| % of World GDP | 0.20% | 0.23% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | 4.89 | - | - | - | - | - |
| 1969 | 5.43 | 0.54 | 11.125 % | - | - | - |
| 1970 | 5.78 | 0.35 | 6.466 % | - | - | - |
| 1971 | 6.29 | 0.51 | 8.833 % | - | - | - |
| 1972 | 7.38 | 1.09 | 17.289 % | - | - | - |
| 1973 | 9.14 | 1.76 | 23.837 % | - | - | - |
| 1974 | 10.02 | 0.88 | 9.608 % | - | - | - |
| 1975 | 11.42 | 1.4 | 14.018 % | - | - | - |
| 1976 | 13.24 | 1.82 | 15.895 % | - | - | - |
| 1977 | 14.78 | 1.55 | 11.696 % | - | - | - |
| 1978 | 17.29 | 2.5 | 16.931 % | - | - | - |
| 1979 | 19.96 | 2.67 | 15.463 % | - | - | - |
| 1980 | 23.12 | 3.16 | 15.818 % | - | - | - |
| 1981 | 23.71 | 0.59 | 2.548 % | - | - | - |
| 1982 | 24.14 | 0.44 | 1.838 % | - | - | - |
| 1983 | 21.91 | -2.23 | -9.243 % | - | - | - |
| 1984 | 21.24 | -0.67 | -3.047 % | - | - | - |
| 1985 | 21.51 | 0.27 | 1.261 % | - | - | - |
| 1986 | 24.78 | 3.27 | 15.19 % | - | - | - |
| 1987 | 27.23 | 2.45 | 9.903 % | - | - | - |
| 1988 | 29.8 | 2.57 | 9.429 % | - | - | - |
| 1989 | 30.42 | 0.62 | 2.09 % | - | - | - |
| 1990 | 34.48 | 4.06 | 13.332 % | 95.12 | - | - |
| 1991 | 34.87 | 0.39 | 1.128 % | 86.64 | -8.48 | -8.912 % |
| 1992 | 38.86 | 3.99 | 11.443 % | 85.9 | -0.74 | -0.855 % |
| 1993 | 40.26 | 1.4 | 3.6 % | 87.43 | 1.53 | 1.781 % |
| 1994 | 43.31 | 3.05 | 7.581 % | 91.93 | 4.5 | 5.145 % |
| 1995 | 46.58 | 3.27 | 7.55 % | 95.26 | 3.33 | 3.617 % |
| 1996 | 46.83 | 0.26 | 0.55 % | 96.8 | 1.54 | 1.619 % |
| 1997 | 47.4 | 0.56 | 1.206 % | 101.32 | 4.53 | 4.677 % |
| 1998 | 48.78 | 1.39 | 2.924 % | 106.93 | 5.6 | 5.531 % |
| 1999 | 49.16 | 0.38 | 0.77 % | 111.51 | 4.58 | 4.286 % |
| 2000 | 47.28 | -1.88 | -3.833 % | 121.22 | 9.71 | 8.707 % |
| 2001 | 53.8 | 6.52 | 13.8 % | 134.71 | 13.49 | 11.125 % |
| 2002 | 67.64 | 13.84 | 25.718 % | 147.63 | 12.92 | 9.591 % |
| 2003 | 85.19 | 17.55 | 25.953 % | 156.6 | 8.97 | 6.079 % |
| 2004 | 104.02 | 18.82 | 22.097 % | 164.25 | 7.65 | 4.882 % |
| 2005 | 113.1 | 9.08 | 8.732 % | 172.4 | 8.15 | 4.964 % |
| 2006 | 115.6 | 2.51 | 2.216 % | 184.93 | 12.53 | 7.268 % |
| 2007 | 140.12 | 24.52 | 21.21 % | 191.96 | 7.03 | 3.8 % |
| 2008 | 158.23 | 18.1 | 12.921 % | 207.88 | 15.92 | 8.294 % |
| 2009 | 130.81 | -27.42 | -17.33 % | 207.38 | -0.5 | -0.238 % |
| 2010 | 131.9 | 1.09 | 0.834 % | 216.91 | 9.53 | 4.594 % |
| 2011 | 141.71 | 9.81 | 7.441 % | 229.27 | 12.36 | 5.699 % |
| 2012 | 128.47 | -13.24 | -9.345 % | 230.21 | 0.93 | 0.407 % |
| 2013 | 135.65 | 7.18 | 5.586 % | 242.79 | 12.58 | 5.465 % |
| 2014 | 141.13 | 5.48 | 4.042 % | 253.66 | 10.87 | 4.477 % |
| 2015 | 125.24 | -15.88 | -11.255 % | 263.93 | 10.27 | 4.05 % |
| 2016 | 128.98 | 3.74 | 2.986 % | 275.02 | 11.09 | 4.202 % |
| 2017 | 143.34 | 14.35 | 11.127 % | 289.16 | 14.14 | 5.141 % |
| 2018 | 161.18 | 17.85 | 12.453 % | 313.13 | 23.97 | 8.291 % |
| 2019 | 164.94 | 3.75 | 2.328 % | 345.4 | 32.27 | 10.306 % |
| 2020 | 158.47 | -6.47 | -3.922 % | 344.11 | -1.29 | -0.374 % |
| 2021 | 183.28 | 24.81 | 15.659 % | 374.52 | 30.41 | 8.838 % |
| 2022 | 177 | -6.28 | -3.426 % | 426.14 | 51.62 | 13.782 % |
| 2023 | 213.24 | 36.24 | 20.473 % | 446.92 | 20.78 | 4.878 % |
| 2024 | 222.72 | 9.48 | 4.447 % | 464.26 | 17.34 | 3.88 % |
Between 1968 to 2024, Hungary experienced the following economic phases:
The most remarkable growth occurred in 2003 with an increase of 25.953%, while the largest decline was in 2009 at -17.33%.