Annual government: Gross capital formation … acquisitions in Hungary
Hungary: Annual government: Gross capital formation … acquisitions was 3.43 million National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross capital in Hungary, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross capital in Hungary stood at 3.43 million National currency.
The figure is down 14.2% on the previous year and up 89.9% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Hungary peaked at 4.59 million National currency in 2022 and was at its lowest, 25,220 National currency, in 1995.
Hungary ranks 4th of 28 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government: Gross capital formation … acquisitions in Hungary, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 25,220 National currency | — |
| 1996 | 132,918 National currency | +427.0% |
| 1997 | 254,036 National currency | +91.1% |
| 1998 | 356,472 National currency | +40.3% |
| 1999 | 321,749 National currency | -9.7% |
| 2000 | 458,006 National currency | +42.3% |
| 2001 | 577,698 National currency | +26.1% |
| 2002 | 879,016 National currency | +52.2% |
| 2003 | 689,822 National currency | -21.5% |
| 2004 | 774,885 National currency | +12.3% |
| 2005 | 915,875 National currency | +18.2% |
| 2006 | 1.23 million National currency | +34.2% |
| 2007 | 1.11 million National currency | -9.9% |
| 2008 | 863,648 National currency | -22.0% |
| 2009 | 955,457 National currency | +10.6% |
| 2010 | 990,240 National currency | +3.6% |
| 2011 | 909,539 National currency | -8.1% |
| 2012 | 1.08 million National currency | +18.6% |
| 2013 | 1.31 million National currency | +21.4% |
| 2014 | 1.81 million National currency | +38.2% |
| 2015 | 2.29 million National currency | +26.7% |
| 2016 | 1.05 million National currency | -54.0% |
| 2017 | 1.70 million National currency | +61.6% |
| 2018 | 2.57 million National currency | +50.5% |
| 2019 | 3.04 million National currency | +18.4% |
| 2020 | 3.60 million National currency | +18.4% |
| 2021 | 3.62 million National currency | +0.5% |
| 2022 | 4.59 million National currency | +27.0% |
| 2023 | 4.00 million National currency | -12.8% |
| 2024 | 3.43 million National currency | -14.2% |
Hungary compared with similar countries
- Hungary's 3.43 million National currency is above the median for high income countries, which is 92,572 National currency, 37.1× the median. (27 countries reporting)
- Hungary's 3.43 million National currency is above the median for Europe & Central Asia, which is 79,675 National currency, 43.1× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual government: Gross capital formation … acquisitions in Hungary changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +427.0% | 25,220 National currency | 132,918 National currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 218,079 National currency | 25,220 National currency | 356,472 National currency | 5 |
| 2000s | 845,049 National currency | 458,006 National currency | 1.23 million National currency | 10 |
| 2010s | 1.68 million National currency | 909,539 National currency | 3.04 million National currency | 10 |
| 2020s | 3.85 million National currency | 3.43 million National currency | 4.59 million National currency | 5 |
Countries ranked near Hungary
- 1 Colombia 48.40 million National currency compare
- 2 Japan 25.48 million National currency compare
- 3 Poland 180,658 National currency compare
- 3 Chile 6.74 million National currency compare
- 3 Croatia 4,461 National currency compare
- 4 Netherlands 36,167 National currency compare
- 5 Slovenia 3,509 National currency compare
- 5 United States 1.01 million National currency compare
- 6 Lithuania 3,424 National currency compare
- 6 Costa Rica 846,642 National currency compare
- 7 Czechia 381,072 National currency compare
- 7 Estonia 2,780 National currency compare
More public sector data for Hungary
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Hungary?
- Annual government expenditure by function (cofog) — gross capital in Hungary was 3.43 million National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Hungary?
- The highest recorded value was 4.59 million National currency in 2022.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Hungary?
- The lowest recorded value was 25,220 National currency in 1995.
- How does Hungary rank for annual government expenditure by function (cofog) — gross capital?
- Hungary ranks 4th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Hungary?
- Over the last ten years it is up 89.9%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org