Hungary's GDP changed from approximately $23B 42M in 1980 to $223B 413M in 2024, showing an overall 869.6% sharply increased during the period.
The lowest GDP was recorded in 1984 at $21B 174M, and the highest in 2024 at $223B 413M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.3%.
For comparison, the average annual growth rate of Romania was 4.8%, and that of Slovakia was 7.8%.
Hungary GDP from 1980 to 2024
The total market value of goods and services produced annually in Hungary.
Overview of Hungary's GDP (1980–2024)
The Gross Domestic Product (GDP) of Hungary recorded a 869.6% sharply increased from 1980 to 2024.
The average GDP during this period was $89B 943M, and the median was $67B 608M.
GDP fluctuated within a range of $202B 239M, with a standard deviation of $60B 186M.
The average annual change was $4B 368M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $21B 174M
- Highest GDP: 2024, $223B 413M
- Most Recent GDP: 2024, $223B 413M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Hungary's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $164B 11M → $157B 227M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $140B 187M → $131B 68M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $47B 218M → $53B 750M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $47B 297M → $48B 707M
- Outcome: increased
Key Economic Indicators of Hungary (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 0.215 % | $ 23B 42M | $ 67B 763M | $ 2,151.47 | $ 6,327.19 | 27.47 % | 10M 710K people | -4.782 % | 0 % |
1981 | 2.867 % | $ 23B 629M | $ 76B 300M | $ 2,207.13 | $ 7,127.01 | 27.63 % | 10M 706K people | -5.794 % | 0 % |
1982 | 2.841 % | $ 24B 64M | $ 83B 317M | $ 2,249.98 | $ 7,790.23 | 27.25 % | 10M 695K people | -2.206 % | 0 % |
1983 | 0.723 % | $ 21B 839M | $ 87B 205M | $ 2,046.40 | $ 8,171.59 | 27.33 % | 10M 672K people | -0.829 % | 0 % |
1984 | 2.658 % | $ 21B 174M | $ 92B 754M | $ 1,989.90 | $ 8,717.12 | 23.45 % | 10M 641K people | 0.184 % | 0 % |
1985 | -0.253 % | $ 21B 441M | $ 95B 445M | $ 2,022.96 | $ 9,005.25 | 20.41 % | 10M 599K people | -2.122 % | 0 % |
1986 | 1.535 % | $ 24B 698M | $ 98B 862M | $ 2,338.80 | $ 9,361.96 | 19.09 % | 10M 560K people | -5.527 % | 0 % |
1987 | 4.051 % | $ 27B 144M | $ 105B 416M | $ 2,582.85 | $ 10,030.74 | 22.04 % | 10M 509K people | -2.49 % | 0 % |
1988 | -0.065 % | $ 29B 703M | $ 109B 62M | $ 2,838.56 | $ 10,422.42 | 21.54 % | 10M 464K people | -1.926 % | 0 % |
1989 | 0.736 % | $ 30B 323M | $ 114B 174M | $ 2,909.70 | $ 10,955.58 | 22.57 % | 10M 422K people | -1.939 % | 0 % |
1990 | -3.497 % | $ 34B 366M | $ 114B 305M | $ 3,312.34 | $ 11,017.19 | 24.91 % | 10M 375K people | 0.842 % | 0 % |
1991 | -11.892 % | $ 34B 754M | $ 104B 118M | $ 3,350.24 | $ 10,036.97 | 20.94 % | 10M 373K people | -3.589 % | 0 % |
1992 | -3.064 % | $ 38B 731M | $ 103B 228M | $ 3,733.45 | $ 9,950.67 | 16.29 % | 10M 374K people | -1.995 % | 0 % |
1993 | -0.576 % | $ 40B 125M | $ 105B 66M | $ 3,871.07 | $ 10,136.24 | 9 % | 10M 365K people | -12.152 % | 0 % |
1994 | 2.947 % | $ 43B 167M | $ 110B 472M | $ 4,170.57 | $ 10,673.28 | 13.26 % | 10M 350K people | -11.76 % | 0 % |
1995 | 2.541 % | $ 46B 426M | $ 115B 654M | $ 4,491.22 | $ 11,188.34 | 18.09 % | 10M 337K people | -3.493 % | -0.512 % |
1996 | 0.082 % | $ 46B 659M | $ 117B 868M | $ 4,520.76 | $ 11,420.25 | 21.66 % | 10M 321K people | -3.83 % | 3.08 % |
1997 | 3.143 % | $ 47B 297M | $ 123B 670M | $ 4,591.49 | $ 12,005.58 | 22.23 % | 10M 301K people | -4.06 % | 1.615 % |
1998 | 3.9 % | $ 48B 707M | $ 129B 937M | $ 4,738.02 | $ 12,639.77 | 22.21 % | 10M 280K people | -7.066 % | -1.278 % |
1999 | 3.071 % | $ 49B 73M | $ 135B 822M | $ 4,786.24 | $ 13,247.09 | 20.20 % | 10M 253K people | -7.89 % | 0.824 % |