Hungary's gross domestic product expanded 7.1 percent in 2021, recovering from a 4.9 percent contraction in 2020. It was the largest annual growth in the country's economic history. Looking ahead, the economy is expected to growth by 5.9 percent in 2022, according to the Minister of Finance Mihaly Varga. source: Hungarian Central Statistical Office
Full Year GDP Growth in Hungary averaged 2.51 percent from 1996 until 2021, reaching an all time high of 7.10 percent in 2021 and a record low of -6.70 percent in 2009. This page includes a chart with historical data for Hungary Full Year GDP Growth. Hungary Full Year GDP Growth - values, historical data and charts - was last updated on January of 2023.
Full Year GDP Growth in Hungary is expected to reach 1.80 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Full Year GDP Growth is projected to trend around 2.70 percent in 2024 and 2.90 percent in 2025, according to our econometric models.