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How is the economy doing?

GDP growth rate

How much the economy grew over a year. Change in Hungary's real gross domestic product (GDP) compared with the same quarter a year earlier, since 1996.

Latest
1.7%Q2 2026
over one year
+1.0 ppQ2 2025: 0.7%
Record high
17.6%Q2 2021
Record low
−12.9%Q2 2020
Data since
19960.2%

GDP growth rate

year-on-year change, %
1.7%
Q2 2026
+1.0 ppover one year−0.2 ppsince change
Orbán II–VMagyar−20−100102020182020202220242026
FideszTisza
Source: Eurostat

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Fidesz → Tisza

What has changed since the change of government?

GDP growth✗ worsened
1.91.7%
Q1 2026 → Q2 2026
−0.2 ppsince the change of government

The latest figure compared with the value when the new government took office – and, for comparison, how the indicator moved over the same length of time before the change. This is a short period: the indicators are also strongly driven by the world economy, earlier decisions and seasonal effects, so changes cannot be attributed to the new government alone.

About this indicator

GDP growth is the key measure of economic performance. Negative values mark recessions, such as the 2009 financial crisis, the 2012 downturn and the 2020 pandemic.

The latest figure (Q2 2026) is 1.7%, under the Magyar Péter government. The series goes back to 1996; the highest value was 17.6% (Q2 2021) and the lowest −12.9% (Q2 2020).

Source: Eurostat (namq_10_gdp) · Updated: 27 Oct 2026 21:41 UTC · Download data (CSV)

By government

The value when each government took office and when it left (or the latest figure), plus the average during the term.

GovernmentAt startAt end / nowChangeAverage
Magyar Péter (Tisza)Magyar · 2026–in office
1.9%1.7%−0.2 pp1.7%
Orbán Viktor (Fidesz)Orbán II–V · 2010–2026
0.8%1.9%+1.1 pp2.4%
Bajnai Gordon (MSZP)Bajnai · 2009–2010
−7.3%0.8%+8.1 pp−3.8%
Gyurcsány Ferenc (MSZP)Gyurcsány · 2004–2009
5.0%−7.3%−12.3 pp2.0%
Medgyessy Péter (MSZP)Medgyessy · 2002–2004
4.5%5.0%+0.5 pp4.4%
Orbán Viktor (Fidesz)Orbán I · 1998–2002
4.1%4.5%+0.4 pp4.0%
Horn Gyula (MSZP)Horn · 1994–1998
0.2%*4.1%+3.9 pp2.0%

* The series starts during this term, so the starting value is the first available observation.

Data table
DateValue
Q2 20261.7%
Q1 20261.9%
Q4 20251.1%
Q3 20251.2%
Q2 20250.7%
Q1 2025−0.5%
Q4 2024−0.1%
Q3 2024−0.3%
Q2 20241.3%
Q1 20241.8%
Q4 20231.3%
Q3 20230.3%
Q2 2023−2.2%
Q1 2023−1.5%
Q4 2022−0.1%
Q3 20223.7%
Q2 20225.9%
Q1 20227.3%
Q4 20217.6%
Q3 20216.2%
Q2 202117.6%
Q1 2021−1.3%
Q4 2020−3.0%
Q3 2020−4.0%
Q2 2020−12.9%
Q1 20201.9%
Q4 20194.6%
Q3 20195.0%
Q2 20195.1%
Q1 20195.7%
Q4 20185.4%
Q3 20186.0%
Q2 20185.4%
Q1 20185.9%
Q4 20174.9%
Q3 20174.3%
Q2 20173.9%
Q1 20174.0%
Q4 20162.4%
Q3 20162.6%
Q2 20162.9%
Q1 20161.7%
Q4 20153.9%
Q3 20153.1%
Q2 20153.3%
Q1 20154.2%
Q4 20143.6%
Q3 20144.1%
Q2 20144.8%
Q1 20144.4%
Q4 20134.0%
Q3 20132.9%
Q2 20131.6%
Q1 2013−0.3%
Q4 2012−2.3%
Q3 2012−1.0%
Q2 2012−1.1%
Q1 2012−0.3%
Q4 20112.3%
Q3 20111.1%
Q2 20111.7%
Q1 20112.7%
Q4 20101.6%
Q3 20101.6%
Q2 20100.8%
Q1 20100.1%
Q4 2009−4.3%
Q3 2009−7.6%
Q2 2009−7.8%
Q1 2009−7.3%
Q4 2008−2.3%
Q3 20081.6%
Q2 20082.4%
Q1 20081.8%
Q4 2007−0.5%
Q3 20070.1%
Q2 20070.2%
Q1 20071.7%
Q4 20063.8%
Q3 20063.9%
Q2 20064.1%
Q1 20064.7%
Q4 20054.9%
Q3 20054.1%
Q2 20054.6%
Q1 20053.6%
Q4 20044.4%
Q3 20045.0%
Q2 20045.0%
Q1 20045.0%
Q4 20034.0%
Q3 20034.2%
Q2 20033.9%
Q1 20033.3%
Q4 20025.0%
Q3 20024.6%
Q2 20024.5%
Q1 20024.8%
Q4 20013.1%
Q3 20014.3%
Q2 20014.3%
Q1 20014.5%
Q4 20004.6%
Q3 20003.9%
Q2 20004.9%
Q1 20005.1%
Q4 19994.2%
Q3 19993.1%
Q2 19992.1%
Q1 19992.5%
Q4 19983.4%
Q3 19984.2%
Q2 19984.1%
Q1 19983.6%
Q4 19973.7%
Q3 19974.1%
Q2 19973.0%
Q1 19971.1%
Q4 19961.1%
Q3 1996−0.5%
Q2 1996−0.4%
Q1 19960.2%

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