Hungary GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Hungary GDP from 1980 to 2024

The total market value of goods and services produced annually in Hungary.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 23B 42M
    $ 2,151.47
    $ 6,327.19
    $ 67B 763M
    0.215 %
    -4.782 %
    27.47 %
    0 %
    10M 710K people
    1981
    $ 23B 629M
    $ 2,207.13
    $ 7,127.01
    $ 76B 300M
    2.867 %
    -5.794 %
    27.63 %
    0 %
    10M 706K people
    1982
    $ 24B 64M
    $ 2,249.98
    $ 7,790.23
    $ 83B 317M
    2.841 %
    -2.206 %
    27.25 %
    0 %
    10M 695K people
    1983
    $ 21B 839M
    $ 2,046.40
    $ 8,171.59
    $ 87B 205M
    0.723 %
    -0.829 %
    27.33 %
    0 %
    10M 672K people
    1984
    $ 21B 174M
    $ 1,989.90
    $ 8,717.12
    $ 92B 754M
    2.658 %
    0.184 %
    23.45 %
    0 %
    10M 641K people
    1985
    $ 21B 441M
    $ 2,022.96
    $ 9,005.25
    $ 95B 445M
    -0.253 %
    -2.122 %
    20.41 %
    0 %
    10M 599K people
    1986
    $ 24B 698M
    $ 2,338.80
    $ 9,361.96
    $ 98B 862M
    1.535 %
    -5.527 %
    19.09 %
    0 %
    10M 560K people
    1987
    $ 27B 144M
    $ 2,582.85
    $ 10,030.74
    $ 105B 416M
    4.051 %
    -2.49 %
    22.04 %
    0 %
    10M 509K people
    1988
    $ 29B 703M
    $ 2,838.56
    $ 10,422.42
    $ 109B 62M
    -0.065 %
    -1.926 %
    21.54 %
    0 %
    10M 464K people
    1989
    $ 30B 323M
    $ 2,909.70
    $ 10,955.58
    $ 114B 174M
    0.736 %
    -1.939 %
    22.57 %
    0 %
    10M 422K people
    1990
    $ 34B 366M
    $ 3,312.34
    $ 11,017.19
    $ 114B 305M
    -3.497 %
    0.842 %
    24.91 %
    0 %
    10M 375K people
    1991
    $ 34B 754M
    $ 3,350.24
    $ 10,036.97
    $ 104B 118M
    -11.892 %
    -3.589 %
    20.94 %
    0 %
    10M 373K people
    1992
    $ 38B 731M
    $ 3,733.45
    $ 9,950.67
    $ 103B 228M
    -3.064 %
    -1.995 %
    16.29 %
    0 %
    10M 374K people
    1993
    $ 40B 125M
    $ 3,871.07
    $ 10,136.24
    $ 105B 66M
    -0.576 %
    -12.152 %
    9 %
    0 %
    10M 365K people
    1994
    $ 43B 167M
    $ 4,170.57
    $ 10,673.28
    $ 110B 472M
    2.947 %
    -11.76 %
    13.26 %
    0 %
    10M 350K people
    1995
    $ 46B 426M
    $ 4,491.22
    $ 11,188.34
    $ 115B 654M
    2.541 %
    -3.493 %
    18.09 %
    -0.512 %
    10M 337K people
    1996
    $ 46B 659M
    $ 4,520.76
    $ 11,420.25
    $ 117B 868M
    0.082 %
    -3.83 %
    21.66 %
    3.08 %
    10M 321K people
    1997
    $ 47B 297M
    $ 4,591.49
    $ 12,005.58
    $ 123B 670M
    3.143 %
    -4.06 %
    22.23 %
    1.615 %
    10M 301K people
    1998
    $ 48B 707M
    $ 4,738.02
    $ 12,639.77
    $ 129B 937M
    3.9 %
    -7.066 %
    22.21 %
    -1.278 %
    10M 280K people
    1999
    $ 49B 73M
    $ 4,786.24
    $ 13,247.09
    $ 135B 822M
    3.071 %
    -7.89 %
    20.20 %
    0.824 %
    10M 253K people