National accounts, GDP
National accounts are a system of macro-economic statistical accounts, summarising the economic activities of a particular country, which compares resources with their uses. The data, produced according to the methodology of the European system of national accounts (ESA), are suitable for international comparison, too. The best known and mostly used indicator of the system of accounts is gross domestic product (GDP), the level and volume change of which are key indicators to evaluate the level of development and growth of the economy.
Key figures
GDP volume change
Indicator description
Change in volume of GDP compared to the same period of the previous year. The volume figure published here is unadjusted.
Source of data:
Summary Tables (STADAT)
Last data for period: Q3 2024
Value of GDP per capita, calculated in purchasing power parity
Indicator description
Value of GDP divided by population number, calculated in purchasing power parity. The indicator is suitable for analysing the level of economic development.
Source of data:
Summary Tables (STADAT)
Last data for period: 2023
GNI/GDP ratio
Indicator description
Gross national income (GNI) divided by gross domestic product (GDP). GNI can be derived from GDP. If the value of GNI exceeds that of GDP, then more income flows from abroad to the country than from the country abroad, while in the other way round income outflow occurs.
Source of data:
Summary Tables (STADAT)
Last data for period: 2023
Balance of general government sector as a proportion of GDP
Indicator description
Difference of total revenues and expenditures in proportion of GDP of organisations classified into the general government, in a given quarter.
Source of data:
Summary Tables (STADAT)
Last data for period: Q2 2024
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HCSO Monitor
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Economic performance diminishes by 0.7% in 3rd quarter 2024 compared to 3rd quarter 2023, Gross domestic product (GDP) 3rd quarter 2024 (flash estimate)
The volume of Hungary’s gross domestic product was 0.8% lower according to raw data and 0.7% lower according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2024 than the value in the corresponding period of the previous year. Compared to the previous quarter, the economic performance decreased by 0.7% according to seasonally and calendar adjusted and reconciled data. In the first three quarters, the performance of the economy was 0.6% higher according to raw data and 0.7% higher according to seasonally and calendar adjusted and reconciled data than in the same period of the previous year.
Quarterly non-financial sector accounts, 2nd quarter 2024
Hungary’s GDP reached HUF 20,373 billion in the 2nd quarter of 2024. Financial corporations as well as the sector made up by households and non-profit institutions serving households (NPISHs) were in a net lending, while non-financial corporations and the general government sector in a net borrowing position in this period. The gross saving rate of households and NPISHs came to 25% and their gross investment rate to 6.7%. The gross profit share of non-financial corporations was 41% and their gross investment rate 29%.
National accounts of Hungary, 2023 (2nd preliminary data)
Hungary’s gross domestic product (GDP) was HUF 75,087 billion in 2023, its volume being 0.9% lower than a year earlier. The amount of gross domestic product per capita amounted to HUF 7.8 million. The deficit of the general government sector was HUF 5,035.1 billion in 2023, which corresponded to 6.7% of GDP. Our publication contains, in addition to preliminary data for 2023, data revised for earlier years as a result of international and domestic methodological changes and of newly used data sources.
Statistical Yearbook of Hungary, 2023
The yearbook provides an overview of Hungary's demographic, social and economic processes, environmental characteristics and their changes over time, with the help of tens of thousands of data of 500 tables, graphs and maps. Innovatively, the Tourism, catering chapter in the volume includes the gross receipts of tourist accommodation establishments by type of accommodation. Another change is that this year the Regional data chapter already presents territorial data by tourism area, giving greater emphasis to tourist destinations.
Hungary, 2023
Geopolitical tensions continued to overshadow economic developments in 2023, with the gross domestic product falling by 0.9%. Inflationary pressures gradually eased, but the 17.6% annual increase in consumer prices led to a decline in real earnings and consumption, and negatively affected investment decisions. Despite the economic difficulties, employment has reached a record high. In 2023, the number of deaths and births continued to fall, in addition to the decrease in the number of women of childbearing age.
Related themes
- Culture, sports
- Education
- External trade and balance of payments
- Government finance
- Investment
- Regional statistics
- Science and technology
Methodological information
First releases |
Latest release | Next release |
---|---|---|
Balance of general government sector, 1st half of 2024 and 2nd quarter of 2024 | 01/10/2024 | – |
Gross domestic product (GDP), 3rd quarter 2024 (flash estimate) | 30/10/2024 | – |
Gross domestic product (GDP), 2nd quarter 2024 (second estimate) | 03/09/2024 | 03/12/2024 |
Release and revision calendarPublication repertory