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. source: Hungarian Central Statistical Office

The Gross Domestic Product (GDP) in Hungary expanded 1.70 percent in the second 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 August of 2026.

The Gross Domestic Product (GDP) in Hungary expanded 1.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hungary is expected to be 1.70 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
2026-06-02 06:30 AM
YoY Final
Q1 1.7% 0.8% 1.7% 1.7%
2026-07-30 06:30 AM
YoY Prel
Q2 1.7% 1.7% 1.9% 1.6%
2026-09-01 06:30 AM
YoY Final
Q2 1.7% 1.7% 1.7%


Related Last Previous Unit Reference
Full Year GDP Growth 0.40 0.50 percent Dec 2025
GDP Growth Rate YoY 1.70 1.70 percent Jun 2026
GDP Constant Prices 13338259.00 15421471.00 HUF Million Mar 2026
GDP from Agriculture 471374.00 442639.00 HUF Million Mar 2026
GDP from Construction 664001.00 708081.00 HUF Million Mar 2026
GDP from Manufacturing 2156088.00 2133116.00 HUF Million Mar 2026
GDP from Public Administration 2068939.00 2060854.00 HUF Million Mar 2026
GDP from Services 8931769.00 8852790.00 HUF Million Mar 2026
GDP from Transport 702427.00 699923.00 HUF Million Mar 2026
GDP Growth Rate 0.40 0.80 percent Jun 2026
Gross Fixed Capital Formation 3139398.00 3141712.00 HUF Million Mar 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
1.70 1.70 17.90 -12.70 1996 - 2026 percent Quarterly
NSA

News Stream
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
Hungary Q1 GDP Growth Confirmed at 1.7%
Hungary’s economy expanded 1.7% year-on-year in the first quarter of 2026, following a 0.8% growth in the previous two quarters and matching preliminary estimates. This marked the strongest economic expansion since the second quarter of 2024, mainly driven by a rebound in performances in agriculture (1.9% vs -1.7%), industry (0.8% vs -2.1%), and manufacturing sector (1.3% vs -1.1%). Additionally, output increased in commerce (2.3% vs 2.1%), accommodation and catering services (2.3% vs 2%), information and communication (2.4% vs 0.4%), and education (3% vs 2.4%). On the expenditure approach, household consumption, the largest component of actual consumption, further recorded gains (5.5% vs 2.9%), while gross fixed capital formation (-0.1% vs -0.2%) declined less. On a seasonally adjusted quarterly basis, the economy advanced 0.8% in Q1, following a 0.2% increase in the preceding period.
2026-06-02
Hungary Q1 GDP Growth Strongest Since 2022
Hungary’s gross domestic product expanded by 1.7% year-on-year in the first quarter of 2026, following a 0.8% growth in the previous three-month period, according to preliminary estimates. This marked the fastest growth since the third quarter of 2022, driven largely by strong performance in the services sector, particularly in professional, scientific, technical, and administrative activities. In addition, the industrial sector contributed positively to overall economic growth. On a seasonally adjusted quarterly basis, GDP grew by 0.8% in Q1 2026, up from a 0.2% increase in the preceding quarter.
2026-04-30