Hungary’s gross domestic product expanded by 1.5% year-on-year in the third quarter of 2026, slowing from a 1.7% increase in the previous three-month period, according to preliminary estimates. Economic growth was driven primarily by the industrial sector, which made the largest contribution to GDP, while services continued to support overall activity. In contrast, growth in the agricultural sector slowed significantly. On a seasonally and calendar-adjusted quarterly basis, the economy grew by just 0.1% in Q3 2026, easing from a 0.6% expansion in the preceding quarter. source: Hungarian Central Statistical Office

The Gross Domestic Product (GDP) in Hungary expanded 1.50 percent in the third quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary averaged 2.38 percent from 1996 until 2026, reaching an all time high of 17.90 percent in the second quarter of 2021 and a record low of -12.70 percent in the second quarter of 2020. This page provides - Hungary GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The Gross Domestic Product (GDP) in Hungary expanded 1.50 percent in the third quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary GDP Annual Growth Rate is projected to trend around 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-01 06:30 AM
YoY Final
Q2 1.7% 1.7% 1.7% 1.7%
2026-10-30 07:30 AM
YoY Prel
Q3 1.5% 1.7% 1.8% 1.7%
2026-12-01 07:30 AM
YoY Final
Q3 1.7% 1.5% 1.5%


Related Last Previous Unit Reference
Full Year GDP Growth 0.40 0.50 percent Dec 2025
GDP Growth Rate YoY 1.50 1.70 percent Sep 2026
GDP Constant Prices 14872429.00 13338259.00 HUF Million Jun 2026
GDP from Agriculture 372524.00 441425.00 HUF Million Jun 2026
GDP from Construction 711592.00 673650.00 HUF Million Jun 2026
GDP from Manufacturing 2203547.00 2165257.00 HUF Million Jun 2026
GDP from Public Administration 2082102.00 2073395.00 HUF Million Jun 2026
GDP from Services 8974848.00 8931683.00 HUF Million Jun 2026
GDP from Transport 713702.00 704129.00 HUF Million Jun 2026
GDP Growth Rate 0.10 0.60 percent Sep 2026
Gross Fixed Capital Formation 2989660.00 3101658.00 HUF Million Jun 2026


Hungary GDP Annual Growth Rate
Electronics manufacturing and research are among the main drivers of innovation and economic growth in Hungary. The country has also grown into a major center for mobile technology, information security, and related hardware research. On the expenditure side, household consumption is the main component of GDP and accounts for 50 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Exports of goods and services account for 89 percent of GDP while imports account for 82 percent, adding 7 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.70 17.90 -12.70 1996 - 2026 percent Quarterly
NSA

News Stream
Hungary Q3 GDP Growth Slows Slightly
Hungary’s gross domestic product expanded by 1.5% year-on-year in the third quarter of 2026, slowing from a 1.7% increase in the previous three-month period, according to preliminary estimates. Economic growth was driven primarily by the industrial sector, which made the largest contribution to GDP, while services continued to support overall activity. In contrast, growth in the agricultural sector slowed significantly. On a seasonally and calendar-adjusted quarterly basis, the economy grew by just 0.1% in Q3 2026, easing from a 0.6% expansion in the preceding quarter.
2026-10-30
Hungary Q2 GDP Growth Confirmed at 1.7%
Hungary’s economy expanded by 1.7% year-on-year in the second quarter of 2026, in line with preliminary estimates and the same pace as in the previous quarter. The latest reading also remained the strongest economic growth since the second quarter of 2024, mainly driven by strong performances in the industry (3.7% vs 0.8% in Q1) and services sector (1.9% vs 2.3%), with professional, scientific, technical and administrative activities contributing the most. In contrast, output declined for construction (-0.3% vs -4.3%), as well as for agriculture (-12.4% vs 1.9%) due to severe drought. On the expenditure side, household consumption, the largest component of actual consumption, continued to increase (4.5% vs 5.5%), while gross fixed capital formation (-6.3% vs -0.1%) declined faster. On a seasonally adjusted quarterly basis, the economy grew by 0.5% in Q2, exceeding initial estimates for a 0.4% expansion but slowing from a 0.8% growth in the preceding period.
2026-09-01
Hungary Q2 GDP Growth Strongest Since 2024
Hungary’s gross domestic product expanded by 1.7% year-on-year in the second quarter of 2026, the same pace as in the previous three-month period, according to preliminary estimates. The latest reading fell short of market expectations for a 1.9% expansion but remained the strongest growth since the second quarter of 2024, driven largely by robust performance in the services sector, particularly in professional, scientific, technical, and administrative activities. The industrial sector also continued to contribute positively to the overall economic growth. On a seasonally adjusted quarterly basis, the economy grew by just 0.4% in Q2 2026, slowing from a 0.8% expansion in the preceding period.
2026-07-30