Taxes on goods and services (current LCU) in Hungary
Hungary: Taxes on goods and services (current LCU) was 11.92 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Hungary, 1981–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Hungary recorded 11.92 trillion current LCU for taxes on goods and services in 2024. That is the highest value across all 44 years on record.
The figure is up 5.8% on the previous year and up 131.7% over ten years.
Over the whole period, taxes on goods and services in Hungary peaked at 11.92 trillion current LCU in 2024 and was at its lowest, 159.70 billion current LCU, in 1981.
That places Hungary 13th out of 157 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.
Taxes on goods and services (current LCU) in Hungary, year by year
| Year | current LCU | Change |
|---|---|---|
| 1981 | 159.70 billion current LCU | — |
| 1982 | 179.30 billion current LCU | +12.3% |
| 1983 | 187.60 billion current LCU | +4.6% |
| 1984 | 174.40 billion current LCU | -7.0% |
| 1985 | 171.40 billion current LCU | -1.7% |
| 1986 | 179.70 billion current LCU | +4.8% |
| 1987 | 205.30 billion current LCU | +14.2% |
| 1988 | 317.60 billion current LCU | +54.7% |
| 1989 | 299.20 billion current LCU | -5.8% |
| 1990 | 346.50 billion current LCU | +15.8% |
| 1991 | 313.70 billion current LCU | -9.5% |
| 1992 | 380.80 billion current LCU | +21.4% |
| 1993 | 467.60 billion current LCU | +22.8% |
| 1994 | 554.60 billion current LCU | +18.6% |
| 1995 | 709.17 billion current LCU | +27.9% |
| 1996 | 851.83 billion current LCU | +20.1% |
| 1997 | 1.06 trillion current LCU | +24.5% |
| 1998 | 1.32 trillion current LCU | +24.3% |
| 1999 | 1.52 trillion current LCU | +15.5% |
| 2000 | 1.81 trillion current LCU | +19.1% |
| 2001 | 1.94 trillion current LCU | +6.9% |
| 2002 | 2.13 trillion current LCU | +9.8% |
| 2003 | 2.46 trillion current LCU | +15.3% |
| 2004 | 2.88 trillion current LCU | +17.2% |
| 2005 | 2.97 trillion current LCU | +3.2% |
| 2006 | 3.07 trillion current LCU | +3.5% |
| 2007 | 3.41 trillion current LCU | +10.9% |
| 2008 | 3.54 trillion current LCU | +3.8% |
| 2009 | 3.63 trillion current LCU | +2.5% |
| 2010 | 4.03 trillion current LCU | +11.0% |
| 2011 | 4.17 trillion current LCU | +3.5% |
| 2012 | 4.59 trillion current LCU | +10.1% |
| 2013 | 4.77 trillion current LCU | +3.9% |
| 2014 | 5.15 trillion current LCU | +7.9% |
| 2015 | 5.52 trillion current LCU | +7.2% |
| 2016 | 5.48 trillion current LCU | -0.7% |
| 2017 | 5.85 trillion current LCU | +6.8% |
| 2018 | 6.53 trillion current LCU | +11.6% |
| 2019 | 7.06 trillion current LCU | +8.2% |
| 2020 | 7.34 trillion current LCU | +4.0% |
| 2021 | 8.18 trillion current LCU | +11.5% |
| 2022 | 10.44 trillion current LCU | +27.6% |
| 2023 | 11.27 trillion current LCU | +7.9% |
| 2024 | 11.92 trillion current LCU | +5.8% |
Hungary compared with similar countries
- Hungary's 11.92 trillion current LCU is above the median for high income countries, which is 39.13 billion current LCU, 304.7× the median. (57 countries reporting)
- Hungary's 11.92 trillion current LCU is above the median for Europe & Central Asia, which is 85.71 billion current LCU, 139.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 208.24 billion current LCU | 159.70 billion current LCU | 317.60 billion current LCU | 9 |
| 1990s | 752.63 billion current LCU | 313.70 billion current LCU | 1.52 trillion current LCU | 10 |
| 2000s | 2.78 trillion current LCU | 1.81 trillion current LCU | 3.63 trillion current LCU | 10 |
| 2010s | 5.31 trillion current LCU | 4.03 trillion current LCU | 7.06 trillion current LCU | 10 |
| 2020s | 9.83 trillion current LCU | 7.34 trillion current LCU | 11.92 trillion current LCU | 5 |
Countries ranked near Hungary
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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 taxes on goods and services in Hungary?
- Taxes on goods and services in Hungary was 11.92 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Hungary?
- The highest recorded value was 11.92 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Hungary?
- The lowest recorded value was 159.70 billion current LCU in 1981.
- How does Hungary rank for taxes on goods and services?
- Hungary ranks 13th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Hungary?
- Over the last ten years it is up 131.7%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.