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Hungary Q4 GDP Growth Tops Forecast
Hungary’s economy grew by 0.8% year-on-year in the final quarter of 2025, exceeding both the preliminary estimates and the previous quarter’s upwardly revised 0.7% expansion. The latest figure also marked the strongest growth since the second quarter of 2024, mainly driven by strong performances in the construction (5.1% vs 3.3% in Q3) and services sector (1% vs 1.7%). Output in services particularly increased for financial and insurance activities (5.9% vs 5.3%) and arts, entertainment, leisure, and other services (4.6% vs -0.1%). On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (2.7% vs 2.3%), while gross fixed capital formation (-1% vs -2.1%) declined less. On a seasonally adjusted quarterly basis, the economy advanced by 0.2% in the fourth quarter, after showing no growth in preceding period. In 2025, the GDP exceeded the previous year by 0.4% in raw terms and 0.3% on a seasonally and calendar-adjusted basis.
Published on 2026-03-03

Hungary Q4 GDP Growth at Six-Quarter High
Hungary’s economy grew by 0.8% year-on-year in the final quarter of 2025, exceeding both the preliminary estimates and the previous quarter’s upwardly revised 0.7% expansion. The latest figure also marked the strongest growth since the second quarter of 2024, mainly driven by strong performances in the construction (5.1% vs 3.3% in Q3) and services sector (1% vs 1.7%). Output in services particularly increased for financial and insurance activities (5.9% vs 5.3%) and arts, entertainment, leisure, and other services (4.6% vs -0.1%). On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (2.7% vs 2.3%), while gross fixed capital formation (-1% vs -2.1%) declined less. On a seasonally adjusted quarterly basis, the economy advanced by 0.2% in the fourth quarter, after showing no growth in preceding period. In 2025, the GDP exceeded the previous year by 0.4% in raw terms and 0.3% on a seasonally and calendar-adjusted basis.
Published on 2026-03-03

Hungary Q3 GDP Growth Strongest in Six Quarters
Hungary’s gross domestic product grew by 0.7% year-on-year in the fourth quarter of 2025, slightly below market forecasts of a 0.8% expansion but higher than the 0.6% growth in the previous three-month period, preliminary estimates showed. The latest figure also marked the fastest growth since the second quarter of 2024, mainly driven by the combined performances in the services sector, particularly financial, insurance, and trade, as well as the performance of the construction industry. However, the decline in industry weighed most heavily on overall economic growth. On a seasonally adjusted quarterly basis, the economy expanded by 0.2% in Q4 2025, after showing no growth in the preceding period.
Published on 2026-01-30

Hungary Q4 GDP Growth Strongest in Six Quarters
Hungary’s gross domestic product grew by 0.7% year-on-year in the fourth quarter of 2025, slightly below market forecasts of a 0.8% expansion but higher than the 0.6% growth in the previous three-month period, preliminary estimates showed. The latest figure also marked the fastest growth since the second quarter of 2024, mainly driven by the combined performances in the services sector, particularly financial, insurance, and trade, as well as the performance of the construction industry. However, the decline in industry weighed most heavily on overall economic growth. On a seasonally adjusted quarterly basis, the economy expanded by 0.2% in Q4 2025, after showing no growth in the preceding period.
Published on 2026-01-30

Hungary Q4 GDP Growth Strongest in Six Quarters
Hungary’s gross domestic product grew by 0.7% year-on-year in the fourth quarter of 2025, slightly below market forecasts of a 0.8% expansion but higher than the 0.6% growth in the previous three-month period, preliminary estimates showed. The latest figure also marked the fastest growth since the second quarter of 2024, mainly driven by the combined performances in the services sector, particularly financial, insurance, and trade, as well as the construction industry. However, a slump in industry weighed most on overall growth, with industrial output shrinking almost every month over the past three years, except for a brief expansion in February 2024. On a seasonally adjusted quarterly basis, the economy expanded by 0.2% in Q4 2025, after showing no growth in the prior period. For the whole year of 2025, the economy grew a modest 0.4%, down from 0.5% in the previous year.
Published on 2026-01-30

Hungary Q3 GDP Growth Confirmed at 0.6%
Hungary’s gross domestic product expanded by 0.6% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 0.1% growth in the previous three-month period. This marked the strongest growth since the second quarter of 2024, mainly driven by strong performances in the construction (2.6% vs 3.7% in Q2) and services sector (1.5% vs 1.4%), particularly for financial and insurance activities (3.8% vs 0.7%) and accommodation and catering services (3% vs 3.1%). Additionally, contraction moderated in the industry sector (-1.7% vs -2.9%), mainly in manufacturing (-0.8% vs -3.7%). On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (2.6% vs 3.5%). However, net external demand weighed on growth, as exports declined (-0.6% vs -1%) while imports increased (3.9% vs -0.8%). On a seasonally adjusted quarterly basis, the economy stagnated after an upwardly revised 0.5% growth in Q2.
Published on 2025-12-02

Hungary Q3 GDP Growth Strongest in Over a Year
Hungary’s gross domestic product grew by 0.6% year-on-year in the third quarter of 2025, missing market forecasts of a 1% expansion but accelerating from a 0.1% growth in the previous three-month period, preliminary estimates showed. This marked the strongest growth since the second quarter of 2024, mainly driven by the combined performances in the services sector, particularly information and communication. However, the upturn was partially offset by the slowdown in the added value of industry and agriculture. On a seasonally adjusted quarterly basis, the economy stagnated in Q3 2025, following a 0.4% growth in the preceding period.
Published on 2025-10-30

Hungary Q2 GDP Growth Confirmed at 0.1%
Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a flat reading in the previous quarter. On the production side, growth was primarily supported by a rebound in the construction sector (4.3% vs -5.1% in Q1), as well as steady improvements in services (1.3% vs 1.1%) and arts, entertainment, leisure, and other services (6.5% vs 3.1%). In addition, the contraction moderated in the industry sector (-3.3% vs -3.9%), particularly in manufacturing (-4.4% vs -4.6%). On the expenditure side, household consumption—the largest component of actual consumption—accelerated to 5% from 4.1% in the previous quarter. However, net external demand weighed on growth, as exports declined further (-0.9% vs -0.4%) while imports saw a notable increase (4% vs 0.1%). On a seasonally adjusted quarterly basis, Hungary’s GDP grew by 0.4%, rebounding from a revised 0.1% contraction in the first quarter.
Published on 2025-09-02

Hungary Q2 GDP Grows 0.1%
Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, following stagnant growth in the previous three-month period, according to preliminary estimates. The modest improvement was mainly driven by the combined performances in the services sector, particularly information and communication. However, the upturn was partially offset by the slowdown in the added value of agriculture and industry. On a seasonally adjusted quarterly basis, the economy grew by 0.4% in the second quarter of 2025, recovering from a downwardly revised 0.1% contraction in the preceding period.
Published on 2025-07-30

Hungary GDP Stalls in Q1
Hungary’s gross domestic product stalled from a year earlier in the first quarter of 2025, following a 0.4% growth in the previous three-month period, confirming preliminary estimates. Growth slowed for commerce (2.1% vs 2.8%), accommodation & catering services (1.7% vs 6.2%) and, service sector (1.1% vs 2.1%). At the same time, the drop became apparent from industry (-3.9% vs -1.4%), manufacturing (-4.6% vs -3.2%), while less pronounced for agriculture (-0.7% vs -13.6%). These were offset by the gains in education (3.1% vs 1%) and transportation & warehousing (1.6% vs 1.2%). On a seasonally adjusted quarterly basis, the GDP fell by 0.2% after a 0.6% gain in the previous period.
Published on 2025-06-03

Hungary GDP Stalled in Q1
Hungary’s gross domestic product stagnated from a year earlier in the first quarter of 2025, following a 0.4% expansion in the previous three-month period, preliminary estimates showed. Economic performance was positively influenced by the combined output in the services sector, but was largely offset by declines in industrial and construction activity. On a seasonally adjusted quarterly basis, the GDP contracted by 0.2% in the first quarter of 2025, reversing a 0.6% advance in the preceding period.
Published on 2025-04-30

Hungary Q4 GDP Growth Confirmed at 0.4%
Hungary’s gross domestic product advanced by 0.4% year-on-year in the fourth quarter of 2024, confirming preliminary estimates and recovering from a 0.8% contraction in the previous three-month period. The improvement in the economic performance was mainly driven by the services sector (2.1% vs 1.7% in Q3), particularly in accommodation and food service activities (6.4% vs 2.4%) and wholesale and retail trade; repair of motor vehicles and motorcycles (2.8% vs 0.7%). Meanwhile, the downturn was partly offset by declines seen from agriculture (-13.5% vs -15.1%) and industry (-1.6% vs -4.1%), especially in manufacturing (-3.5% vs -5.9%) and construction (-3.1% vs -3.5%). On a seasonally adjusted quarterly basis, the GDP rose by 0.5%, following a 0.6% contraction in the previous quarter. Considering the full year of 2024, the economy expanded by 0.5%, rebounding from a 0.9% drop in the last year.
Published on 2025-03-04

Hungary GDP Recovers in Q4
Hungary’s gross domestic product expanded by 0.4% year-on-year in the fourth quarter of 2024, recovering from a 0.8% contraction in the previous three-month period, preliminary estimates showed. The improvement in the economic performance was primarily driven by the combined performances in the services sector. However, the upturn was partially offset by the decline in the added value of agriculture, industry, and construction. On a seasonally adjusted quarterly basis, the GDP advanced by 0.5% in the fourth quarter of 2024, rebounding from a downwardly revised 0.6% dropped in the preceding period.
Published on 2025-01-30

Hungary Q3 GDP Contraction Confirmed at 0.8%
Hungary’s gross domestic product shrank by 0.8% year-on-year in the third quarter of 2024, confirming preliminary estimates and slipping from a 1.5% expansion in the previous three-month period. This marked the first drop in the economy since the third quarter of 2023, mainly dragged down by declines in economic performances from the agriculture (14.9% vs -6.8% in Q2) and industry sector (-4.4% vs -2.5% in Q2), particularly in manufacturing (-6.2% vs -3.1%) and construction (-4% vs 5.3%). Meanwhile, the downturn was partly offset by a good performance in the service sector (1.9% vs 2.2%), mainly from education (3.8% vs 2.2%), and art, entertainment, leisure and other services (5.9% vs 5%). On a seasonally adjusted quarterly basis, the GDP declined by 0.7%, following a 0.2% drop in the previous quarter.
Published on 2024-12-03

Hungary Q3 GDP Unexpectedly Contracts
Hungary’s gross domestic product shrank 0.8% year-on-year in the third quarter of 2024, defying market expectations of a 1.3% growth and reversing a 1.5% expansion in the previous three-month period, preliminary estimates showed. This marked the first drop in the economy since the third quarter of 2023, mainly dragged down by the agriculture, industry and construction sectors. On the other hand, the downturn was partly offset by good performances of both market and non-market services. On a seasonally adjusted quarterly basis, the GDP declined by 0.7% in the third quarter of 2024, following a 0.2% decrease in the preceding period.
Published on 2024-10-30

Hungary GDP Growth Confirmed at 1.5% in Q2
Hungary’s gross domestic product advanced 1.5% year-on-year in the second quarter of 2024, confirming preliminary estimates and following a 1.1% expansion in the previous three-month period. It was the second consecutive period of GDP growth, primarily driven by increases in economic performances from construction (6.2% vs 3%% in Q1), accommodation service & hospitality (7.2% vs 5.2%), and financial & insurance activities (2.8% vs 1.3%). Meanwhile, downturns were observed in the agriculture sector (-5.2% vs 0.4%) and transportation & storage (3.2% vs -6.1%). On a seasonally adjusted quarterly basis, the GDP declined by 0.2%, shifting from a 0.7% increase in the previous quarter.
Published on 2024-09-03

Hungary Q2 GDP Misses Forecasts
Hungary’s gross domestic product expanded 1.5% year-on-year in the second quarter of 2024, following a 1.1% growth in the previous three-month period although missing market forecasts of a 2% expansion, preliminary estimates showed. Economic performance increased mainly in the construction industry and real estate transactions, as well as the development of the balance of product taxes and subsidies. However, the upturn was partly offset by the declines in the added value of industry. On a seasonally adjusted quarterly basis, the GDP fell by 0.2% in the second quarter of 2024, reversing a 0.8% rise in the prior period.
Published on 2024-07-30

Hungary GDP Growth Confirmed at 1.1% in Q1
Hungary’s gross domestic product expanded 1.1% year-on-year in the first quarter of 2024, after showing no growth in the previous quarter and matching preliminary estimates. Increases in economic performance were seen from construction (3% vs -7.4%), services sector (2.7% vs -0.9%), information & communication (9.8% vs 5.2%), education (6.6% vs 2.1%), and accommodation service & hospitality (5.2% vs 3.6%). This was offset by the declines from industry (-4.2% vs -6.3%) and manufacturing (-4.8% vs -6.3%). On a seasonally adjusted quarterly basis, the GDP increased by 0.8%, after showing no growth in the previous three-month period.
Published on 2024-06-04

Hungary Q1 GDP Beats Forecasts
Hungary’s gross domestic product expanded 1.1% year-on-year in the first quarter of 2024, after showing no growth in the previous quarter and slightly above market forecasts of 1% expansion, preliminary estimates showed. The increase in the economic performance was boosted by market services, mainly real estate transactions and the information & communication branch. However, the economic growth was hampered by the decline in the added value of industry, which holds a substantial weight in the overall economy. On a seasonally adjusted quarterly basis, GDP increased by 0.8%, after showing no growth in the prior period.
Published on 2024-04-30

Hungary GDP Stalls in Q4
Hungary’s gross domestic product stalled from a year earlier in the fourth quarter of 2023, confirming preliminary estimates and following a 0.4% contraction in the previous three-month period. Increases in economic performance were seen from accommodation service & hospitality (3.6% vs 0.8% in Q3), information & communication (5% vs 2.7%), and agriculture (unchanged at 2.5%). This was offset by the declines from industry (-6.4% vs -5.3%), manufacturing (-6.4% vs -4%), construction (-7.4% vs -1.6%), and services sector (-1% vs -3.1%). On a seasonally adjusted quarterly basis, the GDP also showed no growth, after a 0.8% rise in the prior period. Considering the full year of 2023, the economy contracted 0.9%, compared to a robust 4.6% expansion last year
Published on 2024-03-05