Hungary: economy

What is the inflation rate in Hungary?

Consumer prices in Hungary were 1.6% higher in September 2026 than a year earlier, according to the Hungarian Central Statistical Office (KSH). Prices rose 0.2% in the month. Core inflation, which leaves out the most volatile prices, was 1.9%, and the harmonised EU measure was 2.1%.

In the same release, motor fuel prices were 5.9% higher than a year earlier, while the KSH monthly table shows food 1.3% cheaper. The Magyar Nemzeti Bank's medium-term target is 3%, with a tolerance band of one percentage point either way. KSH publishes October 2026 prices on 10 November 2026.

Official sources: Hungarian Central Statistical Office (KSH) · KSH monthly table

What is Hungary's GDP growth rate?

Hungary's GDP was 1.7% larger in the second quarter of 2026 than a year earlier, and 0.6% larger than in the first quarter after seasonal and calendar adjustment, according to the Hungarian Central Statistical Office (KSH). In the first quarter, growth was 1.8% on a year earlier.

For the full year 2025, GDP grew 0.7% in volume, the same as in 2024, according to the KSH main macroeconomic data. KSH publishes a first estimate soon after each quarter ends and a detailed estimate later, and earlier quarters can be revised.

Official sources: Hungarian Central Statistical Office (KSH) · KSH main macroeconomic data

What is the Hungarian central bank base rate?

The Magyar Nemzeti Bank base rate is 5.50%, in force since 26 August 2026, according to the MNB base rate page.

The base rate is the MNB's main policy rate, set by its Monetary Council. It affects the interest rates banks charge on variable-rate forint loans and pay on deposits. The MNB's home page shows the current rate next to the latest inflation figure, and the Monetary Council's press releases explain each decision.

Official sources: MNB base rate page · home page

How much does Hungary export?

Hungary exported EUR 107.3 billion of goods in January to August 2026 and imported EUR 102.4 billion, a surplus of EUR 4.9 billion, according to the Hungarian Central Statistical Office (KSH). In August alone, exports were EUR 12.0 billion and imports EUR 12.5 billion.

Export volume was 1.0% lower than in the same months of 2025, while import volume was 7.0% higher, so the surplus was EUR 2.1 billion smaller. The figures cover goods only, not services, and the euro values also move with the forint exchange rate, which strengthened 8.3% against the euro over the year.

Official sources: Hungarian Central Statistical Office (KSH)

What is Hungary's GDP per capita?

Hungary's GDP per capita was HUF 9,176,800 in 2025, or EUR 31,816, according to the Hungarian Central Statistical Office (KSH). It was EUR 30,450 in 2024. Total GDP was HUF 87,307.6 billion at current prices.

These are nominal figures, so they rise with prices as well as with output: the GDP price index rose 6.4% in 2025, while real GDP grew 0.7%. For comparisons between countries, KSH and Eurostat also publish GDP per capita in purchasing power standards, which adjusts for price levels.

Official sources: Hungarian Central Statistical Office (KSH)

What is the forint to euro exchange rate?

The Magyar Nemzeti Bank's official exchange rate was HUF 363.72 to the euro on 14 October 2026, according to the MNB.

The MNB fixes official rates for the forint each business day, and they are used for accounting, tax and customs purposes. They are not the rates offered by banks or exchange offices, which add a margin. A lower number means a stronger forint. KSH's trade release reports that the forint was 8.3% stronger against the euro in August 2026 than a year earlier.

Official sources: MNB

Is Hungary's economy growing?

According to the World Bank, real GDP growth in Hungary was 0.5% in 2025. Its high point since 2005 was 2021, at 7.2%; its low point was 2009, at -6.7%. Across Europe & Central Asia the middle value was 2.1%, and Hungary placed 47th highest of 49. Worldwide: 166th of 180.

What is Hungary's GDP per person?

The latest figure from the World Bank, for 2025, is $25,907. That is the highest since at least 2005. It is 29th highest of 49 in Europe & Central Asia, where the median is $28,420. World rank, highest first: 45th of 180.

What is Hungary's GDP per person adjusted for prices?

The World Bank puts GDP per person at purchasing power parity in Hungary at $49,838 in international dollars in 2025. It is the top of the series, which starts in 2005. Across Europe & Central Asia the middle value was $50,946 in international dollars, and Hungary placed 27th highest of 49. World rank, highest first: 42nd of 179.

How much does Hungary export?

72.6% of GDP: that is exports of goods and services in Hungary for 2025, according to the World Bank. Since 2005 it has ranged from 62.5% of GDP (2005) to 89.8% of GDP (2022). It is 11th highest of 46 in Europe & Central Asia, where the median is 47.7% of GDP. Worldwide: 16th of 133.

Does Hungary have a current account surplus or deficit?

According to the IMF, the current account balance in Hungary was 1.7% of GDP in 2025. Since 2005 it has ranged from -9.9% of GDP (2005) to 4.4% of GDP (2016). Europe & Central Asia median: -0.3% of GDP; Hungary is 14th highest of 47. Worldwide: 39th of 132.

What is FDI in Hungary?

-28.4% of GDP: that is net inflows of foreign direct investment in Hungary for 2025, according to the IMF. Since 2005 it has ranged from -40.1% of GDP (2018) to 105.6% of GDP (2020). Across Europe & Central Asia the middle value was 1.9% of GDP, and Hungary placed 48th highest of 49. World rank, highest first: 178th of 179.

What interest rate do banks charge in Hungary?

The IMF puts the average bank lending rate in Hungary at 8.0% in 2025. The peak was 15.3% in 2023 and the low 1.5% in 2018. Europe & Central Asia median: 8.0%; Hungary is 9th highest of 17. World rank, highest first: 46th of 73.