The volume of Hungary’s gross domestic product was 0.8% higher according to raw data and 0.6% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2025 than in the corresponding period of the previous year. Compared to the previous quarter, the economic performance rose by 0.2% according to seasonally and calendar adjusted and reconciled data. In 2025, GDP was 0.4% higher according to raw data and 0.3% higher according to seasonally and calendar adjusted data than in the previous year.
In the 4th quarter of 2025 the volume of GDP was 0.8% higher according to raw data and 0.6% higher according to seasonally and calendar adjusted and reconciled data than in the same period of the previous year. In the second estimate, both raw and seasonally and calendar adjusted and reconciled volume indices showed a 0.1 percentage point higher increase compared to the respective 4th-quarter figure published in the flash estimate.
The value added of construction was 5.1% higher than in the corresponding period of the previous year. Industry reduced its performance by 1.8%, within which manufacturing by 0.8%. Among manufacturing branches, the largest contributor to the narrowing in the performance was the manufacture of coke and refined petroleum products, while the manufacture of computer, electronic and optical products slowed the fall in industry the most. The value added of agriculture was 1.7% lower than in the corresponding period of the previous year.
The gross value added of services rose by 1.0% in total. The highest increase (5.9%) occurred in the performance of financial and insurance activities. The value added of arts, recreation and other service activities grew by 4.6% and that of education by 2.2%. The performances of wholesale and retail trade and accommodation and food service activities both were up by 2.1%. The value added of professional, scientific, technical and administrative activities was 1.8%, that of human health and social work activities 1.1%, the value added of transportation and storage 1.0% and that of information and communication 0.4% higher than a year earlier. The performance of public administration stagnated. The value added of real estate activities diminished by 2.4%.
The largest positive contributor to the 0.8% increase in gross domestic product in the 4th quarter of 2025 was the performance of services (0.5 percentage point), within which mainly financial and insurance activities and wholesale and retail trade as well as accommodation and food service activities as a whole (both 0.2 percentage point). The performance of construction helped the growth by 0.3 percentage point, while that of industry lowered the performance of the economy by 0.3 percentage point. The balance of taxes and subsidies on products raised the volume of GDP by 0.2 percentage point, while agriculture did not have a significant impact on gross domestic product.
The actual final consumption of households was 3.0% higher than in the same period of the previous year. Household final consumption expenditure, representing the largest proportion of the components of the actual final consumption of households, rose by 2.7%. The (domestic) consumption expenditure of households realised on the territory of Hungary became 3.4% higher. The volume of domestic consumption expenditure increased in all durability groups: by 3.5% in the case of durable goods, by 6.0% for semi-durable goods, by 2.8% in the case of non-durable goods and by 3.7% for services.
The volume of social transfers in kind from the government became 3.3% and that of the actual final consumption of the government 8.4% higher. The volume of social transfers in kind from non-profit institutions serving households (NPISHs) increased by 10.3%.
As a result of the above trends, actual final consumption was up by 3.9%.
Gross fixed capital formation diminished by 1.0% in the 4th quarter compared to the corresponding period of the previous year. The volume of investments in construction lessened, while that of investments in machinery and equipment rose.
Gross capital formation became 3.8% larger compared to the same period of the previous year.
As a result of the trends of consumption and of capital formation, domestic use as a whole grew by 3.8% in the 4th quarter.
In the external trade of the economy, a surplus of 551 billion forints was generated at current prices. The volume of exports became 0.5% and that of imports 5.2% higher. In trade in goods, accounting for nearly 80% of external trade, exports diminished by 0.9%, while imports rose by 6.3%. Within the external trade of the economy, the exports of services (including tourism) were up by 5.0%, while their imports were unchanged compared to the same period of the previous year.
Actual final consumption contributed by 2.8 percentage points and gross capital formation by 1.1 percentage points to the 0.8% growth in gross domestic product in the 4th quarter of 2025, while the balance of external trade as a whole worsened the economic performance by 3.1 percentage points.
In 4th quarter 2025 compared to previous quarter, according to seasonally and calendar adjusted and reconciled data the performance of the economy rose by 0.2%.
From the production approach, the performance of agriculture went up by 2.5%, that of construction by 1.3% and the performance of services by 0.1%. The performance of industry decreased by 1.2%.
From the expenditure approach, the volume of household final consumption expenditure rose by 1.0%, that of social transfers in kind from the government by 0.7% and the volume of the actual final consumption of the government by 1.7% out of the components of actual final consumption. Gross fixed capital formation fell by 0.2%. In external trade, the volume of both imports and exports became 0.2% lower.
In 2025 compared to previous year:
According to the first estimation for total year 2025, the value of GDP was 86,893 billion forints at current prices, its volume increasing by 0.4% according to raw data. According to calendar adjusted data, the performance of the economy grew by 0.3% compared to the previous year.
From the production approach, the value added of construction went up by 3.0% and that of services by 1.2%, while the value added of industry became 2.4% and that of agriculture 4.3% lower.
The performance of services increased the volume of GDP by 0.7 and that of construction by 0.2 percentage point, while the performance of agriculture lowered it by 0.1 and that of industry by 0.4 percentage point.
From the expenditure approach, the actual final consumption of households grew by 2.7% and the actual final consumption of the government by 2.2%, and as a total result of these, the volume of actual final consumption went up by 2.6%. Gross capital formation increased by 0.1% in total, within which gross fixed capital formation diminished by 2.2%. The volume of imports grew by 2.1%, while that of exports was unchanged.
From the expenditure approach, actual final consumption contributed by 1.9 percentage points to the 0.4% rise in gross domestic product, while the balance of external trade as a whole slowed the economic performance by 1.5 percentage points. Gross capital formation did not influence GDP significantly.
The volume of domestic consumption expenditure of households grew by 3.3%. Broken down by durability groups, the volume increased in all groups: by 6.3% for durable goods, by 3.5% in the case of semi-durable goods, by 2.7% for non-durable goods and by 3.3% among services.
