Annual government: Gross fixed capital formation … function fixed in Hungary
Hungary: Annual government: Gross fixed capital formation … function fixed was 3.46 million National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross fixed 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 fixed in Hungary stood at 3.46 million National currency.
Compared with earlier readings it is down 10.6% on the previous year and up 98.2% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross fixed in Hungary peaked at 3.87 million National currency in 2023 and was at its lowest, 32,771 National currency, in 1995.
Hungary ranks 3rd of 27 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government: Gross fixed capital formation … function fixed in Hungary, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 32,771 National currency | — |
| 1996 | 134,351 National currency | +310.0% |
| 1997 | 256,670 National currency | +91.0% |
| 1998 | 367,320 National currency | +43.1% |
| 1999 | 391,414 National currency | +6.6% |
| 2000 | 474,622 National currency | +21.3% |
| 2001 | 603,660 National currency | +27.2% |
| 2002 | 894,534 National currency | +48.2% |
| 2003 | 721,894 National currency | -19.3% |
| 2004 | 800,146 National currency | +10.8% |
| 2005 | 938,226 National currency | +17.3% |
| 2006 | 1.24 million National currency | +32.6% |
| 2007 | 1.09 million National currency | -12.6% |
| 2008 | 868,936 National currency | -20.1% |
| 2009 | 905,164 National currency | +4.2% |
| 2010 | 995,609 National currency | +10.0% |
| 2011 | 945,642 National currency | -5.0% |
| 2012 | 1.07 million National currency | +13.3% |
| 2013 | 1.32 million National currency | +23.3% |
| 2014 | 1.75 million National currency | +32.2% |
| 2015 | 2.28 million National currency | +30.4% |
| 2016 | 1.14 million National currency | -49.9% |
| 2017 | 1.78 million National currency | +55.8% |
| 2018 | 2.52 million National currency | +41.3% |
| 2019 | 2.98 million National currency | +18.6% |
| 2020 | 3.13 million National currency | +4.9% |
| 2021 | 3.46 million National currency | +10.6% |
| 2022 | 3.50 million National currency | +1.2% |
| 2023 | 3.87 million National currency | +10.6% |
| 2024 | 3.46 million National currency | -10.6% |
Hungary compared with similar countries
- Hungary's 3.46 million National currency is above the median for high income countries, which is 93,394 National currency, 37.1× the median. (26 countries reporting)
- Hungary's 3.46 million National currency is above the median for Europe & Central Asia, which is 78,345 National currency, 44.2× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual government: Gross fixed capital formation … function fixed 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 | +310.0% | 32,771 National currency | 134,351 National currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 236,505 National currency | 32,771 National currency | 391,414 National currency | 5 |
| 2000s | 853,930 National currency | 474,622 National currency | 1.24 million National currency | 10 |
| 2010s | 1.68 million National currency | 945,642 National currency | 2.98 million National currency | 10 |
| 2020s | 3.49 million National currency | 3.13 million National currency | 3.87 million National currency | 5 |
Countries ranked near Hungary
- 1 Colombia 48.74 million National currency compare
- 2 Japan 24.54 million National currency compare
- 3 Poland 176,359 National currency compare
- 3 Croatia 4,494 National currency compare
- 4 Netherlands 36,895 National currency compare
- 4 United States 985,722 National currency compare
- 5 Slovenia 3,462 National currency compare
- 5 Czechia 376,546 National currency compare
- 6 Lithuania 3,326 National currency compare
- 6 Sweden 352,916 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 fixed in Hungary?
- Annual government expenditure by function (cofog) — gross fixed in Hungary was 3.46 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 fixed recorded in Hungary?
- The highest recorded value was 3.87 million National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Hungary?
- The lowest recorded value was 32,771 National currency in 1995.
- How does Hungary rank for annual government expenditure by function (cofog) — gross fixed?
- Hungary ranks 3rd out of 27 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross fixed rising or falling in Hungary?
- Over the last ten years it is up 98.2%. 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 fixed capital formation. 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