Military expenditure in Hungary
Hungary: Military expenditure was 1.73 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Hungary, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Hungary stood at 1.73 trillion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 12.5% on the previous year and up 515.0% over ten years.
Over the whole period, military expenditure in Hungary peaked at 1.73 trillion current LCU in 2024 and was at its lowest, 4.22 billion current LCU, in 1960.
That places Hungary 27th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.27 billion current LCU | 4.22 billion current LCU | 10.40 billion current LCU | 10 |
| 1970s | 15.87 billion current LCU | 12.80 billion current LCU | 22.10 billion current LCU | 10 |
| 1980s | 36.33 billion current LCU | 24.10 billion current LCU | 51.80 billion current LCU | 10 |
| 1990s | 91.45 billion current LCU | 53.56 billion current LCU | 166.70 billion current LCU | 10 |
| 2000s | 290.90 billion current LCU | 202.00 billion current LCU | 326.20 billion current LCU | 10 |
| 2010s | 366.32 billion current LCU | 280.89 billion current LCU | 636.57 billion current LCU | 10 |
| 2020s | 1.21 trillion current LCU | 730.69 billion current LCU | 1.73 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 military expenditure in Hungary?
- Military expenditure in Hungary was 1.73 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Hungary?
- The highest recorded value was 1.73 trillion current LCU in 2024.
- What is the lowest military expenditure recorded in Hungary?
- The lowest recorded value was 4.22 billion current LCU in 1960.
- How does Hungary rank for military expenditure?
- Hungary ranks 27th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Hungary?
- Over the last ten years it is up 515.0%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)