Goods and services expense in Hungary
Hungary: Goods and services expense was 5.22 trillion current LCU in 2024. ◆ Volatile
Goods and services expense in Hungary, 1981–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Hungary recorded 5.22 trillion current LCU for goods and services expense in 2024. That is the highest value across all 44 years on record.
That represents a change of up 6.7% on the previous year and up 191.5% over ten years.
Over the whole period, goods and services expense in Hungary peaked at 5.22 trillion current LCU in 2024 and was at its lowest, 53.40 billion current LCU, in 1983.
That places Hungary 14th out of 155 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 72.47 billion current LCU | 53.40 billion current LCU | 121.00 billion current LCU | 9 |
| 1990s | 246.61 billion current LCU | 116.20 billion current LCU | 390.26 billion current LCU | 10 |
| 2000s | 749.93 billion current LCU | 452.28 billion current LCU | 1.16 trillion current LCU | 10 |
| 2010s | 1.90 trillion current LCU | 1.17 trillion current LCU | 2.99 trillion current LCU | 10 |
| 2020s | 4.26 trillion current LCU | 3.23 trillion current LCU | 5.22 trillion current LCU | 5 |
Countries ranked near Hungary
More public sector data for Hungary
- Arms imports 604.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.7% (2024)
- Taxes on income, profits and capital gains 18.9% (2024)
- Taxes on goods and services 37.1% (2024)
- Net investment in nonfinancial assets 3.4% (2024)
- Net lending (+) / net borrowing (-) -4.5% (2024)
- Interest payments 12.2% (2024)
- Grants and other revenue 15.8% (2024)
- Interest payments 6.6% (2022)
- Other taxes 1.7% (2024)
Frequently asked questions
- What is goods and services expense in Hungary?
- Goods and services expense in Hungary was 5.22 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Hungary?
- The highest recorded value was 5.22 trillion current LCU in 2024.
- What is the lowest goods and services expense recorded in Hungary?
- The lowest recorded value was 53.40 billion current LCU in 1983.
- How does Hungary rank for goods and services expense?
- Hungary ranks 14th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Hungary?
- Over the last ten years it is up 191.5%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.