Social contributions (% of revenue) in Hungary
Hungary: Social contributions (% of revenue) was 26.5% in 2024. ▲ Rising
Social contributions in Hungary, 1981–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, social contributions in Hungary stood at 26.5%.
Compared with earlier readings it is up 4.0% on the previous year and down 15.0% over ten years.
Over the whole period, social contributions in Hungary peaked at 36.2% in 1998 and was at its lowest, 15.3%, in 1981.
Hungary ranks 36th of 112 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Social contributions (% of revenue) in Hungary, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1981 | 15.3% | — |
| 1982 | 17.0% | +10.9% |
| 1983 | 17.4% | +2.3% |
| 1984 | 21.9% | +26.1% |
| 1985 | 24.9% | +13.7% |
| 1986 | 24.5% | -1.8% |
| 1987 | 23.8% | -2.5% |
| 1988 | 24.5% | +2.7% |
| 1989 | 29.4% | +19.9% |
| 1990 | 29.2% | -0.5% |
| 1991 | 30.4% | +4.0% |
| 1992 | 33.5% | +10.3% |
| 1993 | 32.0% | -4.6% |
| 1994 | 30.9% | -3.5% |
| 1995 | 35.0% | +13.5% |
| 1996 | 32.9% | -6.2% |
| 1997 | 35.8% | +9.0% |
| 1998 | 36.2% | +0.9% |
| 1999 | 34.4% | -4.8% |
| 2000 | 34.1% | -0.9% |
| 2001 | 34.4% | +0.8% |
| 2002 | 35.0% | +1.9% |
| 2003 | 34.8% | -0.6% |
| 2004 | 33.9% | -2.7% |
| 2005 | 34.8% | +2.5% |
| 2006 | 34.3% | -1.3% |
| 2007 | 35.0% | +2.1% |
| 2008 | 33.2% | -5.3% |
| 2009 | 31.4% | -5.2% |
| 2010 | 29.9% | -4.7% |
| 2011 | 33.4% | +11.4% |
| 2012 | 32.4% | -3.0% |
| 2013 | 31.5% | -2.8% |
| 2014 | 31.2% | -1.0% |
| 2015 | 30.5% | -2.0% |
| 2016 | 33.1% | +8.3% |
| 2017 | 31.2% | -5.6% |
| 2018 | 30.1% | -3.6% |
| 2019 | 29.2% | -2.9% |
| 2020 | 27.7% | -5.1% |
| 2021 | 27.8% | +0.1% |
| 2022 | 25.0% | -10.0% |
| 2023 | 25.5% | +1.9% |
| 2024 | 26.5% | +4.0% |
Hungary compared with similar countries
- Hungary's 26.5% is below the median for high income countries, which is 28.1%, 94% of the median. (49 countries reporting)
- Hungary's 26.5% is below the median for Europe & Central Asia, which is 29.8%, 89% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.1% | 15.3% | 29.4% | 9 |
| 1990s | 33.0% | 29.2% | 36.2% | 10 |
| 2000s | 34.1% | 31.4% | 35.0% | 10 |
| 2010s | 31.2% | 29.2% | 33.4% | 10 |
| 2020s | 26.5% | 25.0% | 27.8% | 5 |
Countries ranked near Hungary
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Frequently asked questions
- What is social contributions in Hungary?
- Social contributions in Hungary was 26.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Hungary?
- The highest recorded value was 36.2% in 1998.
- What is the lowest social contributions recorded in Hungary?
- The lowest recorded value was 15.3% in 1981.
- How does Hungary rank for social contributions?
- Hungary ranks 36th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Hungary?
- Over the last ten years it is down 15.0%. The long-run trend across the full record is rising.
- 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 Social contributions (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.