Military expenditure in Hungary
Hungary: Military expenditure was 1.73 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
1.73 trillion current LCU
Change on year
up 12.5%
World rank
27th
of 168 countries
All-time high
1.73 trillion current LCU
in 2024
All-time low
4.22 billion current LCU
in 1960
Years of data
65
1960–2024
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 168 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.
Military expenditure in Hungary, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 4.22 billion current LCU | — |
| 1961 | 4.86 billion current LCU | +15.2% |
| 1962 | 6.81 billion current LCU | +40.1% |
| 1963 | 8.24 billion current LCU | +21.0% |
| 1964 | 8.18 billion current LCU | -0.7% |
| 1965 | 6.71 billion current LCU | -18.0% |
| 1966 | 6.90 billion current LCU | +2.8% |
| 1967 | 7.40 billion current LCU | +7.2% |
| 1968 | 9.01 billion current LCU | +21.8% |
| 1969 | 10.40 billion current LCU | +15.4% |
| 1970 | 13.40 billion current LCU | +28.8% |
| 1971 | 13.50 billion current LCU | +0.7% |
| 1972 | 12.80 billion current LCU | -5.2% |
| 1973 | 12.90 billion current LCU | +0.8% |
| 1974 | 14.40 billion current LCU | +11.6% |
| 1975 | 16.10 billion current LCU | +11.8% |
| 1976 | 15.90 billion current LCU | -1.2% |
| 1977 | 17.20 billion current LCU | +8.2% |
| 1978 | 20.40 billion current LCU | +18.6% |
| 1979 | 22.10 billion current LCU | +8.3% |
| 1980 | 24.10 billion current LCU | +9.0% |
| 1981 | 26.00 billion current LCU | +7.9% |
| 1982 | 27.50 billion current LCU | +5.8% |
| 1983 | 29.90 billion current LCU | +8.7% |
| 1984 | 30.80 billion current LCU | +3.0% |
| 1985 | 51.40 billion current LCU | +66.9% |
| 1986 | 35.10 billion current LCU | -31.7% |
| 1987 | 38.70 billion current LCU | +10.3% |
| 1988 | 51.80 billion current LCU | +33.9% |
| 1989 | 48.00 billion current LCU | -7.3% |
| 1990 | 53.56 billion current LCU | +11.6% |
| 1991 | 54.00 billion current LCU | +0.8% |
| 1992 | 64.14 billion current LCU | +18.8% |
| 1993 | 67.65 billion current LCU | +5.5% |
| 1994 | 79.62 billion current LCU | +17.7% |
| 1995 | 76.94 billion current LCU | -3.4% |
| 1996 | 89.34 billion current LCU | +16.1% |
| 1997 | 130.00 billion current LCU | +45.5% |
| 1998 | 132.60 billion current LCU | +2.0% |
| 1999 | 166.70 billion current LCU | +25.7% |
| 2000 | 202.00 billion current LCU | +21.2% |
| 2001 | 242.10 billion current LCU | +19.9% |
| 2002 | 278.30 billion current LCU | +15.0% |
| 2003 | 314.38 billion current LCU | +13.0% |
| 2004 | 310.73 billion current LCU | -1.2% |
| 2005 | 318.55 billion current LCU | +2.5% |
| 2006 | 296.67 billion current LCU | -6.9% |
| 2007 | 326.20 billion current LCU | +10.0% |
| 2008 | 321.49 billion current LCU | -1.4% |
| 2009 | 298.62 billion current LCU | -7.1% |
| 2010 | 280.89 billion current LCU | -5.9% |
| 2011 | 295.97 billion current LCU | +5.4% |
| 2012 | 297.65 billion current LCU | +0.6% |
| 2013 | 286.34 billion current LCU | -3.8% |
| 2014 | 281.40 billion current LCU | -1.7% |
| 2015 | 316.34 billion current LCU | +12.4% |
| 2016 | 362.80 billion current LCU | +14.7% |
| 2017 | 468.76 billion current LCU | +29.2% |
| 2018 | 436.50 billion current LCU | -6.9% |
| 2019 | 636.57 billion current LCU | +45.8% |
| 2020 | 852.32 billion current LCU | +33.9% |
| 2021 | 730.69 billion current LCU | -14.3% |
| 2022 | 1.21 trillion current LCU | +66.0% |
| 2023 | 1.54 trillion current LCU | +26.9% |
| 2024 | 1.73 trillion current LCU | +12.5% |
Hungary compared with similar countries
- Hungary's 1.73 trillion current LCU is above the median for high income countries, which is 14.02 billion current LCU, 123.4× the median. (54 countries reporting)
- Hungary's 1.73 trillion current LCU is above the median for Europe & Central Asia, which is 7.91 billion current LCU, 218.7× the median. (49 countries reporting)
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
- Democracy, 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)
- Elected parliament, 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)
- 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 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 168 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)