GDP

GDP of Hungary in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Hungary with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 18579, and the growth rate in 2022 is 4.6%.”

Population

9.771 million

Land Size

91260 km²

GDP

180.01 billion

GDP Per Capita

18579 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
49.9%
Government Expneidutre
20.3%
Capital Formation
28.3%
Export
90.6%
Import
94.7%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.5%
Industry
29%
Manufacturing
21.8%
Service
68.5%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

3.6 %

Inflation

14.5 %

Urbanization

71.6 %

TFR

1.5 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Hungary

333066 million USD

Budapest

123246 million USD

Northern Great Plain

32475.4 million USD

Pest

35565.2 million USD

Southern Great Plain

31017.6 million USD

Northern Hungary

25757.8 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Hungary

-4.54 %

Budapest

-5.54 %

Northern Great Plain

-2.02 %

Pest

-2.32 %

Southern Great Plain

-2.54 %

Northern Hungary

-3.05 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Hungary

34160 USD

Budapest

70952 USD

Northern Great Plain

22570 USD

Pest

27285

Southern Great Plain

25287 USD

Northern Hungary

23093 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Hungary

-4.26 %

Budapest

-5.4 %

Northern Great Plain

-1.64 %

Pest

-3.16 %

Southern Great Plain

-1.8 %

Northern Hungary

-2.16 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %