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GDP Growth in Hungary

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Hungary's GDP growth amounted to 4.93 % in 2019 according to the the National Statistical Office. This is 0.1600000000000001 % less than in the previous year (5.09 %).

Historically, GDP growth in Hungary reached an all time high of 7.65 % in 1977 and an all time low of -11.9 % in 1991. When compared to Hungary's main peers, GDP growth in Austria amounted to 1.60 %, 2.34 % in Czech Republic, 4.15 % in Poland and 2.40 % in Slovakia in 2019.

Hungary has been ranked 42nd within the group of 174 countries we follow in terms of GDP growth, 119 places above the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.


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